REGULATORY APPROVALS
Alembic Pharma gets tentative nod from USFDA for Ivosidenib tablets The company said Ivosidenib tablets are indicated for patients with newly diagnosed Acute Myeloid Leukemia (AML) as monotherapy in adults 75 years or older, or who have comorbidities that preclude the use of intensive induction chemotherapy.
04 Jul, 2024, 03.20 PM ISTSebi orders Religare to seek regulatory approvals for Burman family open offer The capital markets regulator's directive has come as a setback to the New Delhi-based financial services firm's management led by chairperson Rashmi Saluja, who has been opposed to the Burmans' bid to raise their stake in the company. Entities owne...
20 Jun, 2024, 11.55 PM ISTSebi asks Religare Enterprises to apply for regulatory approval for open offer by Burman Group The Burmans, who founded and control consumer goods conglomerate Dabur India, raised its stake in Religare to nearly 25% in September last year, triggering the so-called open offer requirement that allows them to buy more shares from public sharehol...
20 Jun, 2024, 01.26 PM IST- ADVERTISEMENT
USFDA issues Form 483 with five observations to Torrent Pharma unit Torrent Pharmaceuticals announced that the US Food and Drug Administration (USFDA) issued a Form 483 with five observations after inspecting its manufacturing plant in Indrad, Gujarat, from June 3 to June 12. The inspection included a pre-approval i...
12 Jun, 2024, 10.43 PM ISTSri Lanka approves Starlink's satellite internet service, ushering in a new era of connectivity In his post, President Wickremesinghe emphasized the transformative potential of this move for Sri Lanka, particularly for the country's youth.
08 Jun, 2024, 10.55 AM ISTBajaj Finance Housing Fin arm to raise Rs 4,000 crore Bajaj Finance's housing finance arm is set to raise ₹4,000 crore via an initial public offering (IPO) to meet RBI mandates, as confirmed by the company in a stock exchange filing.
07 Jun, 2024, 07.51 AM ISTPNGRB seeks to regulate LNG terminals Companies intending to establish new liquefied natural gas (LNG) terminals or expand existing ones will need the approval of the downstream regulator, as per a draft regulation by the Petroleum and Natural Gas Regulatory Board (PNGRB). This regulati...
06 Jun, 2024, 09.55 PM ISTBajaj Housing Finance board approves plan to raise Rs 4,000 crore via IPO Bajaj Housing Finance, currently a subsidiary of Bajaj Finance, is among 15 NBFC and housing finance companies (HFCs) classified in the so-called upper layer of the RBI, according to a list that was released on September 30, 2022.
06 Jun, 2024, 09.24 PM ISTClimate change: Cos need some big changes on compliances World Environment Day holds significance for companies amidst climate change. India Inc's environmental compliance record shows room for improvement. Only 122 of the top 1,000 companies disclosed conducting EIAs in their FY23 reports sourced from Pr...
06 Jun, 2024, 07.58 AM ISTKotak Bank gets RBI nod to sell 70 pc stake in general insurance arm to Zurich Insurance In November last year, Zurich Insurance Company announced plans to acquire a 51 per cent stake in Kotak Mahindra General through a combination of capital infusion and share purchase, followed by a subsequent acquisition of an additional stake of 19 ...
05 Jun, 2024, 05.27 PM ISTNHCX, a single portal for all health insurance claims soon: what is the claims process, benefits to policyholders The digital platform, to be launched in 2-3 months, will speed up and standardise claim settlement process, leading to cost benefits for the insured.
03 Jun, 2024, 12.56 PM ISTCashless claims to be cleared in 3 hours Irdai has also mandated the insurer to decide on the cashless authorisation within one hour of receipt of the request.
03 Jun, 2024, 06.30 AM ISTHealth insurance claim rule change: Cashless claims must be cleared in 3 hours; insurer to pay hospital charges for delay in discharge, says IRDAI Health insurance: The Insurance Regulatory and Development Authority of India (IRDAI) has released a master circular to streamline health insurance claim process. Previously, delays in claim approvals forced patients to stay in hospitals longer. Now...
30 May, 2024, 02.31 PM ISTCipla ups investment in point-of-care testing firm Achira Labs Cipla has announced further investment of up to Rs 26 crore in Achira Labs, a company specializing in point-of-care medical test kits. This investment will be made in four tranches, contingent upon the achievement of specific milestones. After the f...
15 May, 2024, 09.08 PM ISTIndiaFirst Life Insurance appoints Rushabh Gandhi as MD & CEO IndiaFirst Life Insurance has announced the elevation of Rushabh Gandhi, currently the deputy CEO, as its new MD and CEO. Gandhi, with over 29 years of experience in Indian and international markets, will succeed R.M. Vishakha, who is retiring on Ju...
15 May, 2024, 08.38 PM ISTHindujas get Irdai nod for buying Reliance Capital business; conditions apply According to sources familiar with the situation, the insurance regulator has granted approval for the Hinduja Group to acquire Reliance Capital's life, general, and health insurance businesses, with the condition that shares of the companies will n...
12 May, 2024, 05.32 AM ISTDorf Ketal Chemicals India acquires Impact Fluid Solutions to expand its suite of solutions for oil and gas production Dorf Ketal Chemicals India acquires Impact Fluid Solutions to enhance HSE performance and sustainable global growth, with support from advisors like EY India and Piper Sandler.
09 May, 2024, 08.50 PM ISTDERC grants regulatory approval to Battery Energy Storage System with GEAPP's support The project aims to provide 24/7 power to more than 12,000 low-income consumers.
08 May, 2024, 03.34 PM ISTTesla soars 12% on tentative approval for driving system in China The developments came after Tesla Chief Executive Officer Elon Musk made an unannounced trip to China on Sunday, seeking approval for driver-assistance software that could help arrest the carmaker’s revenue decline. While the company’s suite of feat...
29 Apr, 2024, 10.38 PM ISTAsset management JV with BlackRock progressing well, says Jio Financial Services On October 19, 2023, Jio Financial and BlackRock Financial Management Inc. filed papers with markets regulator Sebi for launching a mutual fund business. As of March 2024, the application was under process for Sebi's in-principle approval.
23 Apr, 2024, 06.36 PM IST