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India unveils first formal rules for drug approval panels

Livemint

Livemint · 4m ago

India unveils first formal rules for drug approval panels

India has introduced its first formal guidelines for the drug approval process, addressing previous inconsistencies and lack of transparency. Released by the Central Drugs Standard Control Organization (CDSCO), these regulations aim to streamline and expedite the approval of drugs, biologics, and medical devices, aligning Indian practices with international standards. This overhaul is designed to boost confidence in the regulatory system and is expected to facilitate quicker, more predictable, and transparent drug approvals.

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Will new competition rules open the door for more hostile takeovers?

Livemint

Livemint · 1y ago

Will new competition rules open the door for more hostile takeovers?

The Competition Commission of India (CCI) has made changes to its merger and acquisition (M&A) rules, providing exemptions for certain transactions. Companies will no longer need approval from the CCI for buying up to 25% of a target company's shares in the secondary market prior to making a formal bid. The new rules also state that acquisitions of shares as part of bonus issues, stock splits, and other non-controlling transactions do not require prior approval. However, voting rights regarding management decisions can only be exercised after CCI approval is obtained.

Apple, Google and Meta face first formal investigations under EU's DMA

TechCrunch · 1y ago

Apple, Google and Meta face first formal investigations under EU's DMA

The European Union has launched formal non-compliance investigations against Alphabet/Google, Apple, and Meta for potential breaches of the Digital Markets Act (DMA). The investigations will focus on Google's rules on steering in Google Play, Apple's rules on steering in the App Store and design of choice screens, and Meta's "pay or consent" model. These investigations mark the first major enforcement actions under the DMA, with potential fines of up to 10% of global annual turnover for confirmed violations. The EU will have up to 12 months to conclude the investigations.

SMART Technologies unveils educational product at DIDAC 2025

Entrackr

Entrackr · 12d ago

SMART Technologies unveils educational product at DIDAC 2025

SMART Technologies has launched its first-ever SMART ‘Make in India’ interactive flat panels, flagship solutions designed for education, at DIDAC. During a media briefing on Thursday, 20 November 2025, at The Lalit in New Delhi, the company announced its plans in line with the Government of India’s ‘Make in India’ and ‘Digital Education’ initiatives. The event brought together senior leaders from SMART’s international headquarters, educators, AV/IT partners, and media representatives for a high-impact launch and live product showcase. Attendees explored the new India-manufactured interactive display first-hand, featuring superior energy efficiency, enhanced annotation with SMART Ink, and streamlined teaching experiences through Lumio’s AI capabilities, SMART’s innovative learning platform. During the briefing, SMART also outlined its India-focused roadmap centred on strengthening local support for schools, universities, and corporate learning environments. Reflecting on the significance of the launch, Toke Tangkjaer, Chief Revenue Officer (CRO), SMART Technologies said, “This is a proud moment for us at SMART. Bringing manufacturing to India enables us to deliver our world-class technology to more deserving classrooms. The response we've had at DIDAC 2025 affirms the need for solutions that truly support teaching and learning.” The event featured a detailed AV presentation showcasing SMART’s product ecosystem, including SMART Board® GX Plus, Lumio’s AI Assist, and the company’s customer-centric support framework. The company’s manufacturing operations for the India market are located in Andhra Pradesh. SMART Technologies offers interactive technology solutions such as SMART Board® interactive displays and comprehensive software offerings. The company is dedicated to creating engaging, inclusive, and collaborative learning and working environments. The company focuses on quality, innovation, and inclusion, and aims to drive advancements in education and business technology globally.

FDA’s AI tool “hallucinates confidently.”

The Verge

The Verge · 4m ago

FDA’s AI tool “hallucinates confidently.”

The U.S. Food and Drug Administration's AI tool, Elsa, intended to expedite the approval process for pharmaceuticals and medical devices, is facing significant challenges. According to staff reports to CNN, the AI inaccurately cites non-existent studies, misrepresents research, and fails to access necessary documents, thus hindering rather than helping the process. This shortfall contrasts sharply with the promised AI-driven revolution in drug approval processes, as initially highlighted by figures like RFK Jr.

Govt to bring in barcodes to fight fake drug menace

Economic Times

Economic Times · 5m ago

Govt to bring in barcodes to fight fake drug menace

The Indian government plans to enforce mandatory barcodes or QR codes on labels of antimicrobials, narcotics, vaccines, and psychotropic drugs to combat counterfeit medicines. This measure aims to enhance drug authenticity and traceability, addressing past incidents of fake drug refilling in hospital pharmacies. The regulation, set to amend drug rules, overcame stakeholder opposition, focusing on public interest. Earlier initiatives included cancer drugs, with mandatory barcodes on top-selling brands for authenticity verification.

Crypto ETFs set to flood US market as regulator streamlines approvals

Economic Times

Economic Times · 2m ago

Crypto ETFs set to flood US market as regulator streamlines approvals

The U.S. Securities and Exchange Commission (SEC) has eased rules for cryptocurrency exchange-traded funds (ETFs), leading to increased filings from asset managers. This move is set to flood the market with new crypto ETFs, including those for solana and XRP. The new regulations eliminate the need for individual regulatory reviews, cutting approval times significantly. The first products under these rules are expected in early October, marking a new phase in digital asset offerings.

Ex-Citibank exec Gadodia plans investment fund to back IPO-bound manufacturing firms

VCCircle

VCCircle · 1y ago

Ex-Citibank exec Gadodia plans investment fund to back IPO-bound manufacturing firms

Former Citibank executive Hemant Gadodia is launching an alternative investment fund that will focus on mid-sized manufacturing companies planning to go public in India. Gadodia's two-year-old investment bank is awaiting formal approval for the fund, which will be a Category-II AIF. The aim is to support IPO-bound manufacturing firms and provide them with capital for growth and expansion.

RBI Proposes Draft Rules To Regulate PoS For Online Payment Aggregators

Inc42 · 1y ago

RBI Proposes Draft Rules To Regulate PoS For Online Payment Aggregators

The Reserve Bank of India (RBI) has issued draft rules to regulate point-of-sale payment service providers (PA-P), which includes companies like Innoviti Payments, Pine Labs, and MSwipe. The draft rules state that these companies must apply for authorisation from the RBI by May 31, 2025. If they fail to obtain authorisation, they will have to cease their services. Additionally, payment aggregators must inform the regulator about their plan to seek authorisation within 60 days of the formal guidelines' issuance. The RBI has also introduced new guidelines for online payment firms, requiring them to monitor merchant activities and ensure compliance.

India's Reliance unveils swappable, multipurpose batteries for EVs

Reuters · 2y ago

India's Reliance unveils swappable, multipurpose batteries for EVs

Indian oil refining company Reliance Industries showcased its swappable and multipurpose battery storage technology for electric vehicles (EVs) at a renewable energy exhibition. The batteries, developed as part of Reliance's $10 billion green push towards clean energy, can be used for both mobility and powering household appliances. The company plans to set up battery swap stations and encourage households to recharge batteries using rooftop solar panels. Reliance aims to reduce reliance on its oil-to-chemical business and become carbon neutral by 2035.

Lupin launches Mirabegron extended-release tablets in US after USFDA nod

Money Control

Money Control · 1y ago

Lupin launches Mirabegron extended-release tablets in US after USFDA nod

Pharmaceutical company Lupin has launched its generic version of Mirabegron extended-release tablets for the treatment of overactive bladder. The US Food and Drug Administration granted approval for the product, which is equivalent to Myrbetriq from Astellas Pharma Global Development. Myrbetriq has estimated annual sales of $1.6 billion in the US. This follows Lupin's recent launch of a generic cancer treatment drug in the US market.

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