Regulators probing Adani group companies for non-compliance of rules, says govt – Times of India

Regulators probing Adani group companies for non-compliance of rules, says govt - Times of India

CHENNAI: India’s securities regulator and customs authorities are investigating some Adani Group companies for non-compliance of rules, minister of state for finance Pankaj Chaudhary told parliament on Monday. Shares of the six Adani group companies, which are in the business of operating airports and ports, generating and distributing electricity, and coal and gas trading, closed … Read more

Cipla Seeks Drug Regulator’s Nod to Import Moderna Vaccine, Sources Say May Get Approval Today

Cipla Seeks Drug Regulator's Nod to Import Moderna Vaccine, Sources Say May Get Approval Today

Vial labelled ‘Moderna COVID-19 vaccine’ seen in this illustration. (Reuters) The company submitted an application on Monday seeking approval to import the vaccine, sources further said, adding that DCGI may give green signal on Tuesday itself. Cipla, a multinational pharmaceutical company headquartered in Mumbai, has sought Drugs Controller General of India nod for importing Moderna’s … Read more

Regulators plan tough norms for banks on bitcoin – Times of India

Regulators plan tough norms for banks on bitcoin - Times of India

NEW DELHI: Banks will face the toughest capital requirements for holdings in bitcoin and other crypto assets under global regulators’ plans to ward off threats to financial stability from the volatile market. The Basel Committee on Banking Supervision said on Thursday that the banking industry faces increased risks from crypto assets because of the potential … Read more

Bitcoin Should Face ‘Conservative’ Capital Rule From Banks, Regulators Propose

Bitcoin Holdings Should Face ‘Conservative’ Capital Rule From Banks, Global Regulators Propose

Banks must set aside enough capital to cover losses on any Bitcoin holdings in full, global banking regulators proposed on Thursday, in a “conservative” step that could prevent widescale use of the cryptocurrency by major lenders. The Basel Committee on Banking Supervision, made up of regulators from the world’s leading financial centres, proposed a twin … Read more

After Drug Regulator’s Nod, Covaxin Trials on Children Begin at Patna’s AIIMS

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Patna’s All India Institute of Medical Sciences (AIIMS) has started the paediatric trials for Covaxin after Bharat Biotech received the nod from Drugs Controller General of India (DCGI) for clinical trials on May 11. According to news agency ANI, VK Paul, Member (Health), Niti Aayog had earlier said, “Covaxin has been approved by the Drugs Controller … Read more

Foreign Vaccines to Get Indian Drug Regulator’s Nod within 3 Days as Centre Revises Rules

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The government on Thursday issued a regulatory order saying that India’s drug regulator will take decision on applications seeking approval for restricted emergency use of foreign produced vaccines within three working days from date of submission. The move comes at a time when India is faced with an alarming surge in coronavirus cases. Several experts … Read more

Expert panel clears Sputnik V for ‘emergency use’, drug regulator’s nod expected soon | India News – Times of India

Expert panel clears Sputnik V for ‘emergency use’, drug regulator’s nod expected soon | India News - Times of India

NEW DELHI: Amid concerns about the need to step up Covid-19 vaccination, India is soon expected to get its third shot against the infection with the drug regulator’s subject expert committee on Monday recommending Russia’s Sputnik V vaccine for restricted emergency use. The final approval by the Drug Controller General of India is expected latest … Read more

China regulators fine Alibaba $2.75bn for anti-monopoly violations – Times of India

China regulators fine Alibaba $2.75bn for anti-monopoly violations - Times of India

SHANGHAI: Chinese regulators have fined Alibaba Group Holding Ltd 18 billion yuan ($2.75 billion) for violating anti-monopoly rules and abusing its dominant market position, marking the highest ever antitrust fine to be imposed in the country. The penalty, equivalent to around 4% of Alibaba’s revenues in 2019, comes amid an unprecedented regulatory crackdown on the … Read more

Alibaba, Tencent, Others Summoned by Chinese Regulators Over Deepfake Tech

Alibaba, Tencent, Others Summoned by Chinese Regulators Over Deepfake Tech

Chinese regulators recently summoned 11 domestic technology companies including Alibaba Group, Tencent, and ByteDance for talks on use of ‘deepfake’ technologies on their content platforms, stepping up scrutiny of the sector. China’s cyberspace administrator said in a statement on Thursday that it and the public security ministry met with the companies to talk about “security … Read more

Amazon deployed secret strategy to dodge India’s regulators: Report – Times of India

Amazon deployed secret strategy to dodge India's regulators: Report - Times of India

NEW DELHI: Amazon has for years given preferential treatment to a small group of sellers on its India platform, publicly misrepresented its ties with the sellers and used them to circumvent increasingly tough foreign investment rules that affect e-commerce, internal company documents reviewed by Reuters show. The documents, dated between 2012 and 2019, are reported … Read more

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