Daily Archives: December 13, 2019

Government allows 50% hike in prices of 21 widely used pharma items

Invoking for the first time a provision “in public interest’’, the drug prices regulator NPPA on Friday revised prices of 21 formulations, allowing a one-time increase of 50% from the existing ceiling price. The NPPA’s move is in response to the pharma industry’s requests over the last two years to allow upward revision in prices.

Criminalising business laws worrying, says Morparia

JP Morgan South and Southeast Asia chairman Kalpana Morparia has cautioned against the trend of “criminalising” business laws and said it has become a worrisome factor for independent directors.

P Chidambaram gets more time to reply in NSEL case

The Bombay high court on Friday gave four more weeks to former Union finance minister P Chidambaram, who is out on bail in connection with the INX media case, and two IAS officers — Ramesh Abhishek and K P Krishnan — to file statements in response to a Rs 10,000-crore lawsuit for damages filed by 63 Moons Technologies.

Reliance Industries makes investment in drones

The country’s largest private sector company Reliance Industries is betting on drones. It has invested Rs 23 crore in Bengaluru-based Asteria Aerospace for a 52% stake.

RBI to extend enforcement role to NBFCs, co-op banks

NSDL ends Aadhaar e-sign services

With NSDL no longer supporting e-sign, brokerages and fintechs will now have to physically onboard customers. eSign is an online electronic signature service that can facilitate an Aadhaar holder to digitally sign a document. Such e-sign signature services were supposed to aid digital transaction and verifications. But NSDL has been facing technical issues in terms of integrating different data sets, mismatches and submission of fakes, sources said.

Sebi rejects Karvy lenders’ plea

Markets regulator Sebi late on Friday rejected pleas by four lenders led by Bajaj Finance to reverse its December 2 decision to return all those shares to investors which were illegally pledged by Karvy Stock Broking to raise funds for its own use.

Read: Rapper 50 Cent lashes out at Oprah

Rapper 50 Cent took to his Instagram account to slam famous TV personality Oprah Winfrey for going only after black men accused of sexual assault and not white men. The ‘In Da Club’ singer stated that Oprah doesn’t speak of white men who are accused of being sexual predators.

Post: Ayushmann Khurrana’s success formula

Ayushmann Khurrana is one of the talented actors of Bollywood. Well, he is not just an actor but also a singer, VJ, RJ, a loving husband and a doting dad. The has proved his mettle with his performance in his various films.

Raj Babbar remembers his late wife Smita Patil

Actor-politician Raj Babbar took to his Instagram to remember his late wife and actress Smita Patil on her 33rd death anniversary. Sharing an old picture of the acting prowess, he captioned the post, “Today decades ago, you went away silently. Each year this day reminds me that you shall be missed more with every passing year.”