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NEW DELHI: Drug makers and medical device firms facing minor regulatory violations can now avoid criminal prosecution and lengthy court battles, with the government rolling out a formal mechanism to settle eligible cases outside courts.The framework, laid out in the Drugs and Cosmetics (Compounding of Offences) Rules, 2025, allows certain offences under the Drugs and…
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India imported 5.4 million tonnes of Russian oil worth 2.1 billion euros between January and September 2025 aboard 30 vessels sailing under false flags, according to a report by the European think tank, Centre for Research on Energy and Clean Air (CREA), released Thursday.The report identified India as the largest recipient of oil transported by…
Blue Owl signage outside the Seagram Building at 375 Park Avenue in New York, US, on Thursday, March 12, 2026. Michael Nagle | Bloomberg | Getty Images Saba Capital Management said that the tender offers for shares in non-traded business development companies managed by Blue Owl Capital and Starwood Capital came in “below initial expectations.” …
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What are the most valuable assets for a country — gold, silver, currency? In Emilia-Romagna, northern Italy, the answer looks far less conventional. Here, vast climate-controlled warehouses store one of the region’s most unusual forms of wealth: hundreds of thousands of wheels of Parmigiano Reggiano cheese, slowly ageing and quietly getting more valuable over timeTo…
India’s growth trajectory is expected to remain steady despite the ongoing Middle East crisis, that has sent ripples across the globe. In its latest report, SBI Research said that the country is navigating oil shocks and the Iran war from a “situation of strength”, projecting GDP growth at 6.8% to 7.1% in FY27.The report noted…
Brian Moynihan, Chairman and CEO of Bank of America, speaks with Economic Club of Washington Chair David Rubenstein at an event at the Ritz-Carlton on February 25, 2025 in Washington, DC. Anna Moneymaker | Getty Images Bank of America on Wednesday posted fourth-quarter earnings that topped analysts’ expectations on gains from net interest income and…
A successful India makes the world more stable, prosperous and secure, European Commission President Ursula von der Leyen said on Monday after witnessing the 77th Republic Day celebrations at the majestic Kartavya Path, a day ahead of the India-EU summit. Von der Leyen and European Council President Antonio Costa attended the Republic Day parade as…
