The Competition Commission of India has approved the acquisition of Bharat Serums and Vaccines Limited by Mankind Pharma Ltd. The proposed transaction involves the acquisition of 100% shareholding of Bharat Serums and Vaccines Limited (BSV) by Mankind Pharma Ltd. (Mankind) (Proposed Combination).
Mankind is a public listed company and is engaged in developing, manufacturing, and marketing a diverse range of pharmaceutical finished dosage formulations (FDFs) across various acute and chronic therapeutic areas, as well as several consumer healthcare products such as condoms, emergency contraceptives, pregnancy tests, vitamins, minerals, nutrients, antacids etc.
In India, the activities of BSV (including its wholly owned Indian subsidiary, BSV Pharma Private Limited, which is in the process of merging with BSV) are limited to developing, manufacturing, and marketing a range of biological, biotech, and pharmaceutical products in the therapeutic areas of women’s health, critical care, IUI-IVF, and emergency medicine.
Markets regulator Sebi imposed a penalty of Rs 12 lakh on NSE Data And Analytics Ltd for its failure to segregate IT infrastructures and manpower between itself and its parent firm National Stock Exchange (NSE).
It has been directed to pay the fine within 45 days, the Securities and Exchange Board of India (Sebi) said in its order.
In its order, Sebi noted irregularities with respect to the backup of records and details of the Business Continuity Plan/Disaster Recovery policy, delay in sending acknowledgement letters to investors, irregularities with respect to system audit reports and cyber security audit framework and failure to validate KYC records.
Sebi conducted an inspection of NSE Data And Analytics Ltd, a KYC Registration Agency (KRA) on September 6-7, 2023, to ascertain possible violation of regulatory norms. The period covered in the inspection was from April 1, 2022, to July 31, 2023.
Prime Minister Narendra Modi launched the Dharti Aaba Janjatiya Gram Utkarsh Abhiyan, a package for basic scheme saturation in tribal-majority villages across 550 districts, at an event in Jharkhand’s Hazaribag district, where he also laid the foundation stones for a host of other projects intended to benefit tribal people across the country.
The package, originally coined as the PM Janjatiya Unnat Gram Abhiyan (PM-JUGA), was cleared by the Union Cabinet last month as an umbrella package to implement existing schemes in 63,000 Scheduled Tribe-majority villages.
Dharti Aaba is the name that many in Jharkhand use to refer to Birsa Munda, the anti-colonial tribal leader,
who built resistance against the British Empire in the late 19th century. Jharkhand is headed to Assembly elections later this year.
There are 25 interventions planned under the package launched by the Prime Minister. An outlay of ₹79,156 crore, to be spent over five years, has been cleared by the Union Cabinet.
Of this, the Central share will be ₹56,333 crore and the share of respective States will be ₹22,823 crore.
One component of the package will provide up to ₹5 lakh to tribal families to turn their houses into homestays to boost tourism, while another component involves training all rights-holders under the Forest Rights Act in sustainable agricultural practices.
Apart from this, the package aims to leverage existing schemes to build 20 lakh pucca homes for ST families, lay 25,000 km of roads connecting ST-majority villages, and bring piped water to every eligible village with a focus on 5,000 hamlets with less than 20 households each. Other components of the package aim to electrify around 2.35 lakh households,
and unconnected public institutions, provide 25 lakh LPG connections, bring discrimination-free broadband connectivity to 5,000 tribal villages under the BharatNet project, and set up 100 tribal multi-purpose marketing centres.
In addition, the PM also inaugurated several independent components of infrastructure projects under the PM-JANMAN package,
and also inaugurated 40 new Eklavya Model Residential Schools across the country.
Telangana has become the first State, in the country, to get a chapter of NITI Aayog’s Women Entrepreneurship Platform (WEP).
An initiative to promote and support women entrepreneurs across various sectors by providing them access to resources, tools, and a network for enhancing their business growth, WEP thus far remained a scheme operated by the Centre.
The WEP Telangana Chapter was launched in Hyderabad by NITI Aayog CEO BVR Subrahmanyam in the presence of State IT and Industries secretary Jayesh Ranjan and co-chair of WEP Sangeetha Reddy. It is designed to foster entrepreneurship among women by offering customised support such as digital skilling, access to financial services, mentorship, and market linkages,
WE Hub — which will be the nodal body for the scheme in the State — said in a release.
WE Hub, a first-of-its-kind incubation centre in India exclusively for women entrepreneurs, will act as the central body responsible for implementation and management of this platform, leveraging its expertise and extensive network in empowering women entrepreneurs.
The partnership with NITI Aayog through the WEP Telangana Chapter will enable us to bring more opportunities for women, helping them access funding, technology and networks to grow their businesses.
Stressing on the importance of mentoring, Ms. Reddy said “mentoring is crucial for the success of any business.”
ICICI Bank has collaborated with MakeMyTrip (MMT), the country’s biggest online travel operator, and introduced a premium co-branded credit card tailored to the country’s aspirational travellers.
The MakeMyTrip ICICI Bank Credit Card, with its several features, enriches the trip experience by providing infinite points that never expire.
The card provides a unique value with myCash (MakeMyTrip’s reward currency), where 1 myCash equals ₹1 in spendable funds. It provides 6% myCash on hotel reservations, 3% myCash on flights, vacations, taxis, and buses, and 1% on other retail purchases—all in addition to relevant MakeMyTrip savings.
This card is a dual offering, providing the convenience of two cards, one powered by Mastercard and one powered by RuPay. Furthermore, the RuPay credit card can be linked to UPI, allowing safe and secure transactions via UPI-enabled Apps.
The co-branded credit card also includes a complimentary MMTBLACK Gold membership, which provides special privileges on hotels, flights,
and vacation packages. MMTBLACK members receive at least a 10% discount when upgrading accommodation and meal plans at chosen hotels, as well as a 20% discount on F&B and spa treatments. They also receive a 25% discount on chosen add-on services with each flight booked through the MakeMyTrip website.
Magma HDI, India’s premier general insurance provider, is pleased to announce OneProtect, a contemporary personal accident insurance product. With over 20 customisable add-ons adapted to today’s lifestyle needs, OneProtect is the ideal companion for anybody, including thrill-seekers and explorers.
As adventure travel is popular among Indians, sports like trekking, paragliding, and scuba diving have become popular vacation options. OneProtect allows adventurers to follow their passions confidently by protecting various high-octane activities.
Another notable feature of OneProtect is its 200% coverage for accidental death while using common carriers such as trains etc.
Federal Bank, a renowned private sector bank in India, has inked a Memorandum of Understanding (MoU) with Bhashini, an AI-Powered Language Translation Platform, to provide vernacular language support to its AI Virtual Assistant, Feddy. This collaboration arose as a result of the Reserve Bank Innovation Hub (RBIH)’s local language effort,
to promote banking in vernacular languages. It has considerably improved Feddy’s capabilities, making it more accessible to a broader variety of clients in India.
With the addition of Bhashini’s language translation capabilities, Feddy can now react to user requests in 14 different Indian languages. This will make it easier for clients to acquire the information they need.
The Reserve Bank of India (RBI) imposed a monetary penalty of ₹1.50 lakh /- (Rupees One Lakh Fifty Thousand only) on Jai Bhawani Sahakari Bank Ltd., Pune, Maharashtra (the bank) for contravention of the provisions of section 26 A read with section 56 of the Banking Regulation Act, 1949 (BR Act), non-compliance with certain directions issued by RBI on ‘Know Your Customer,
and ‘Maintenance of Deposit Accounts – Primary (Urban) Co-operative Banks’. This penalty has been imposed in exercise of powers vested in RBI, conferred under section 47A(1)(c) read with sections 46(4)(i) and 56 of the BR Act.
The statutory inspection of the bank was conducted by RBI with reference to its financial position as on March 31, 2023.
India has become an affiliate member of the International Medical Device Regulators Forum (IMDRF), which will open doors to invaluable opportunities for reliance and collaboration with regulatory authorities worldwide.
The IMDRF, which was established in 2011, is a group of global medical device regulators whose aim is to speed up the adoption of,
international medical device regulatory harmonisation and convergence.
Its members include national regulatory authorities of the U.S., Australia, Canada, the European Union, Japan, the United Kingdom, Brazil, Russia, China, South Korea, Singapore and the World Health Organization (WHO). Becoming an affiliate member of the IMDRF will open doors to invaluable opportunities,
for reliance and collaboration with regulatory authorities worldwide.
The membership helps to harmonise regulatory requirements across the globe, which reduces complexities for manufacturers and helps safeguard public health by promoting collaboration, harmonising regulations, and promoting convergence.
West Indies decorated all-rounder Dwayne Bravo has announced his retirement from all forms of cricket after his farewell Caribbean Premier League (CPL) season was cut short due to an injury.
Bravo, who is going to turn 41 next month, is the leading wicket-taker in the T20 format. Bravo retired from international cricket in 2021 and decided to end his time in the IPL.
Bravo has finished his career by setting a benchmark in the T20 format across the globe, with 631 wickets in the format in 582 appearances.
Bravo was set to retire from the CPL after the conclusion of the ongoing campaign. His accolades boast him as the most decorated player to feature in the tournament, lifting five titles, including three with the Trinbago Knight Riders.
The International Day of Non-Violence is observed on 2 October, the birthday of Mahatma Gandhi, leader of the Indian independence movement and pioneer of the philosophy and strategy of non-violence.
According to General Assembly resolution A/RES/61/271 of 15 June 2007, which established the commemoration, the International Day is an occasion to,
"disseminate the message of non-violence, including through education and public awareness". The resolution reaffirms "the universal relevance of the principle of non-violence" and the desire "to secure a culture of peace, tolerance, understanding and non-violence".
World Vegetarian Day was founded in 1977 by the North American Vegetarian Society (NAVS) and was endorsed by the International Vegetarian Union in 1978. October 1st is the annual kick-off of Vegetarian Awareness Month. Make a difference this October by informing others about the benefits of vegetarianism.
Beyond shelter, World Habitat Day raises awareness about the imperative to balance urbanization with environmental considerations. In an increasingly urban world, it is imperative to foster sustainable cities and communities that can be cherished by future generations.This day serves as a constant reminder of our duty to craft a world that is both habitable and sustainable.
