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Nigeria tightens API sourcing norms for finished pharma products

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Nigeria tightens API sourcing norms for finished pharma products

West African nation Nigeria, which has emerged as an important market for Indian pharma exports, has made procurement of active pharmaceutical ingredients from approved sources mandatory for finished pharmaceutical products sold in its domestic market. “Pharmaceutical companies and manufacturers must prioritise sourcing APIs from reputable suppliers while adhering to stringent quality control measures to ensure…

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Business

Visa application volumes lag behind 2019 levels

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Visa application volumes lag behind 2019 levels

Despite a massive appetite for travel post Covid-19, visa application volumes continued to lag behind 2019 levels, according to data from visa services provider VFS Global. Visa application volumes saw a growth of 16% in 2023 as compared to 2022, and touched 93% of 2019 levels. India fully resumed international air travel from March 2022…

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Business

Japan slips into recession; loses its spot as the world’s third-largest economy

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Japan slips into recession; loses its spot as the world’s third-largest economy

Japan’s economy is now the world’s fourth-largest after it contracted in the last quarter of 2023 and fell behind Germany. The government reported the economy shrank at an annual rate of 0.4% in October to December, according to Cabinet Office data on real GDP released on Thursday, though it grew 1.9% for all of 2023….

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Business

Government hikes windfall tax on crude petroleum, diesel

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Government hikes windfall tax on crude petroleum, diesel

Image used for representative purpose only. | Photo Credit: REUTERS The government on Thursday hiked windfall tax on domestically produced crude oil to ₹3,300 per tonne from ₹3,200 per tonne with effect from Friday. The tax is levied in the form of a Special Additional Excise Duty (SAED). According to an official notification, SAED on…

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Business

Morgan Stanley likely laying off hundreds in wealth management unit

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Morgan Stanley likely laying off hundreds in wealth management unit

The logo for Morgan Stanley. | Photo Credit: REUTERS Investment banking giant Morgan Stanley is planning to cut hundreds of jobs in its wealth management unit, according to a person familiar with the matter, the latest in a string of layoffs that Wall Street firms have undertaken since last year. The cuts will impact less…

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India has rejected demand for data exclusivity in drug development in FTA talks: Commerce Secretary

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India has rejected demand for data exclusivity in drug development in FTA talks: Commerce Secretary

Data exclusivity pertains to a clause in the draft agreement that puts a minimum six-year embargo on clinical trial data generated during the testing and development of a drug. File | Photo Credit: The Hindu India has rejected the demand for ‘data exclusivity’, as part of ongoing discussions with the European Free Trade Association (EFTA)…

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Markets log gains for third day on buying in HDFC Bank, M&M

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Markets log gains for third day on buying in HDFC Bank, M&M

Image used for representative purpose only. | Photo Credit: REUTERS Equity benchmark Sensex climbed over 225 points to reclaim the 72,000-mark on February 15, while the Nifty settled close to the 22,000 level, supported by hectic buying in market heavyweights M&M, HDFC Bank and SBI amid a largely firm trend in global equities. Besides, a…

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Business

Rupee falls 2 paise to close at 83.04 against U.S. dollar

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Rupee falls 2 paise to close at 83.04 against U.S. dollar

The rupee consolidated in a narrow range and depreciated by 2 paise to close at 83.04 (provisional) against the U.S. dollar on Thursday, tracking a strong American currency and elevated crude oil prices in the international market. Forex traders said the Indian currency depreciated as foreign fund outflows weighed on the rupee. However, positive domestic…

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GSLV-F14 Launch: GSLV-F14 carrying INSAT-3DS to lift off on Feb 17: ISRO

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GSLV-F14 Launch: GSLV-F14 carrying INSAT-3DS to lift off on Feb 17: ISRO

Preparations underway for the launch of ISRO’s GSLV-F14/INSAT-3DS mission, at the Satish Dhawan Space Station, in Sriharikota. The GSLV-F14 carrying INSAT-3DS is scheduled for launch at 5.35 p.m. on February 17 from the Satish Dhawan Space Centre in Sriharikota. “The launch is now scheduled at 17.35 Hrs. IST,” Indian Space Research Organisation (ISRO) tweeted on…

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Science

Sci-Five | The Hindu Science Quiz: On Astronomical Instruments

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Sci-Five | The Hindu Science Quiz: On Astronomical Instruments

Sci-Five | The Hindu Science Quiz: On Astronomical Instruments 1 / 5 | What is an armillary sphere? A model of objects in the sky, representing lines of celestial longitude and latitude An ancient astronomical instrument used for navigation A type of instrument used to observe planets A device for measuring atmospheric pressure An armillary…

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