Drug firm Sanofi India on Monday said it has received marketing authorisation for its diabetes drug Soliqua from the Central Drugs Standard Control Organization (CDSCO). Soliqua (in pre-filled pen) is indicated as treatment to improve glycemic control as an adjunct to diet and exercise in adults with obesity and type 2 diabetes. It comes in [...]
Pakistan has begun in-house consultations to decide whether to attend the Shanghai Cooperation Organisation (SCO) meetings of the defence and foreign ministers in India, a report said on Monday. New Delhi has already extended invitations to Defence Minister Khawaja Asif and Foreign Minister Bilawal Bhutto-Zardari. The defence ministers’ meeting is scheduled in April in New [...]
The government will set up a Centre for Processing Accelerated Corporate Exit (C-PACE) to process and dispose of applications for removal of company names from the records under the companies law. In a written reply to Lok Sabha on Monday, Minister of State for Corporate Affairs Rao Inderjit Singh said the centre will be established [...]
Mahindra Logistics Ltd on Monday said it will set up a new 1-million sq ft multi-client warehouse park in Talegaon, Pune, in association with industrial real estate developer Ascendas-Firstspace. With comprehensive connectivity, the entire development will be spread over three phases, with the first phase of 0.5 million sq ft to be operational by the [...]
State-owned Food Corporation of India (FCI) on Monday said wheat sale at discounted rates via e-auction to bulk consumers, institutions and state governments has been stopped for now as procurement of the fresh crop begins next month. Under the Open Market Sale Scheme (OMSS), the FCI has sold 33 lakh tonnes of wheat till March [...]
Air India Express, India's first international budget airline, on Monday said it has commenced operations from Goa International Airport, with four weekly direct flights on the Goa-Dubai route. The first flight IX 840 took off at 1:00 am on Monday with 148 passengers on board from Dabolim Airport. To mark the occasion, Aloke Singh, Managing [...]
Facing high aggregate technical and commercial (AT&C) losses in electricity distribution, Kashmir Power Development Corporation has initiated several measures, including disconnecting services to defaulters, to reduce the deficit. "As far as KPDCL is concerned, it has the highest AT&C losses in the country. I would say we are around 64 per cent," Chief Engineer KPDCL [...]
Vodafone Idea or Vi stares at a bleak future, including the possibility of "shutting shop" due to factors triggered by heightened competition, a domestic brokerage said on Monday. It also expects telecom companies to start hiking tariffs only after the general elections in June 2024 amid inflation staying above the RBI's upper tolerance level. In [...]
A parliamentary committee has stressed on the need for increasing the draft depth of almost all the ports of the country under the Sagarmala Programme according to their respective cargo profile. Increased draft depth helps ports handle larger vessels. In its latest report, the department-related parliamentary standing committee on transport, tourism and culture said that [...]
Several asset management companies (AMCs) have opened up subscription for international schemes to maximise inflows ahead of new taxation rules for debt mutual funds kicking in from April 1. The fund houses that resumed their international schemes are -- Franklin Templeton Mutual Fund, Mirae Asset Mutual Fund and Edelweiss Mutual Fund. Edelweiss Mutual has opened [...]
