Month: February 2024

CDSCO issues sampling guidelines to ensuring quality and efficacy of drugs, cosmetics

February 17, 2024 admin

CDSCO believes that the guidelines will use available information and identified risks for selecting samples and locations to cover a variety of drugs, cosmetic and medical devices from across India | Photo Credit: Reuters The Central Drugs Standard Control Organisation (CDSCO) has issued new guidelines for effective surveillance for quality and efficacy of drugs and…

Business

How Nigeria’s naira fell to record low amid conflict and instability

February 17, 2024 admin

Nigerians are facing one of the West African nation’s worst economic crises in years triggered by surging inflation, the result of monetary policies that have pushed the currency to an all-time low against the dollar. The situation has provoked anger and protests across the country. The latest government statistics released Thursday showed the inflation rate…

Business

Brumation: Winter is coming for reptiles

February 17, 2024 admin

Is an alligator lying still underwater, with its snout alone sticking out, alive or dead? If this is the situation, there’s a third possibility: brumation. This is the name to describe a period of dormancy or slowed activity in reptiles, much like hibernation in mammals. It typically occurs during colder months, when temperatures drop and…

Science

ED finds no FEMA violation in Paytm Payments Bank case

February 16, 2024 admin

According to sources, as there is no PMLA scheduled offences involved in the case of PPBL, money laundering investigation cannot be done. File. | Photo Credit: Reuters The Enforcement Directorate (ED) has not found any violation under the Foreign Exchange Management Act (FEMA) during the inquiry of Paytm Payments Bank Limited (PPBL) transactions. The Reserve…

Business

Mahindra to use Volkswagen electric components, battery cells

February 16, 2024 admin

Volkswagen and Mahindra & Mahindra Ltd have signed a supply agreement on the use of key electric components of the German carmaker’s open platform for electric vehicles (EVs), the companies said in a statement on Friday. Mahindra plans to use certain platform components, as well as Volkswagen’s unified battery cell, for its own electric platform,…

Business

SpiceJet’s Singh vies with Sky One in bidding for Go First

February 16, 2024 admin

SpiceJet promoter Ajay Singh. File | Photo Credit: Reuters SpiceJet promoter Ajay Singh and Sharjah-based aviation company Sky One on Friday submitted competing bids for bankrupt airline Go First. Mr. Singh, who is the chairman and managing director of the publicly held company that operates the budget carrier, submitted a bid in his personal capacity…

Business

New species of damselfly discovered in Kerala’s Ponmudi hills

February 16, 2024 admin

Cliffside Bambootail (Phylloneura rupestris), which belongs to a group called bambootails, is named thus because it lays eggs in the moss beds in seasonal rillsthat flow over rock cliffs. Photo: Special Arrangement A team of researchers have discovered a new species of damselfly at the Ponmudi hills in Thiruvananthapuram district of Kerala. The hills are…

Science

RBI gives 15 more days till March 15 to Paytm Payments Bank to stop transactions

February 16, 2024 admin

The interface of Indian payments app Paytm. | Photo Credit: REUTERS The RBI on February 16 gave 15 days more till March 15, 2024 to Paytm Payments Bank Ltd (PPBL) to stop deposits, credit transactions or top-ups in any customer accounts, wallets, and FASTags, keeping in view the interest of customers, including merchants. As per…

Business

Akasa Air to start international operations from March 28

February 16, 2024 admin

An Akasa Air passenger aircraft taxis on the tarmac at Chhatrapati Shivaji International Airport in Mumbai. File | Photo Credit: REUTERS Akasa Air on Friday said it will start international operations with flight services to Doha starting from March 28. “Starting 28 March 2024, Akasa Air will operate four non-stop flights a week, connecting Mumbai…

Business

Tech industry revenue to touch $254 billion this fiscal: Nasscom

February 16, 2024 admin

Tech industry revenue to touch 4 billion this fiscal: Nasscom

The domestic technology industry’s revenue is projected to grow 3.8% to $254 billion this fiscal, industry body Nasscom said on Friday. Excluding hardware, the revenue is expected to touch $199 billion, a growth of 3.3% over FY23. The Engineering Research & Development (ER&D) sector alone contributed 48% to the total export revenue addition in FY24,…

Business