Page 2 - Sohini Das

House panel wants e-pharmacy rules in place asap, MoHFW to act soon

Meanwhile, e-pharmacies say they are open to working with the Ministry and regulators for any alignment required

Cracking the whip: 18 drug companies lose licence over spurious medicines

Move comes after Drugs Controller General of India conducts inspection on 76 drug firms in 20 states

Experts seek consensus on long Covid definition, bat for treatment protocol

One study found that 65 million patients, or 10% of the 651 million confirmed Covid-19 cases worldwide, have long-Covid. For hospitalised cases, the rate rose to 50-70%

Essential medicines set for a highest ever price rise of 12% this year

Prices of 900 formulations are expected to increase to reflect annual change in WPI

Sun Pharma may incur revenue loss for ransomware incident on March 2

Sun Pharma Advanced Research Company may incur expenses in connection with incident; India was the second most attacked country for ransomware in the APAC-Japan region in 2022

Consumer, tyre companies wait for crude derivative prices to ease

The firms also say that while crude oil prices have cooled off, they must sustain at current levels for actual impact to be seen on manufacturing operations

Steelmakers press for higher auto contract prices after three quarters

Spot steel prices have been rising both globally and at home since December; a hike of over 12% in the domestic market would have been the basis of negotiations for the upcoming contracts

Compliant with localisation norms under FAME II: Okinawa MD Sharma

Co submitted requisite documents; awaiting meeting with MHI; at an industry level subsidy worth Rs 1,500 cr held up

PV, CV segments drove auto sales in FY23; demand moderation likely in FY24

PV industry 'very sentiment-driven', will close financial year with 24% growth rate: Analyst

Tata Motors to raise prices of commercial vehicles by 5% from April

This would be the fourth price hike by India's largest automobile maker this fiscal year

M&M buys out VC firm Omnivore's stake to acquire agri-tech firm MITRA

Deal size not disclosed, will make MITRA a wholly-owned subsidiary of M&M; is in sync with Mahindra's plan to grow revenues from farm machinery 10 fold in next five years

Footfalls, enquiries hit speed-breaker at car dealerships, visits dip 8-10%

Slowdown began showing up in Jan, though there has been some improvement in March second half

Rising infections: States on alert as Covid-19 cases hit 4-month high

Doctors say 100-150% increase in flu cases

Eris Lifesciences buys dermatology brands from Dr Reddy's for Rs 275 crore

In January Eris had bought some derma brands from Glenmark Pharma as well

Johnson & Johnson's dengue antiviral drug shows positive results

Around November, the ICMR sought the drug regulator's nod for phase-3 trials of a vaccine candidate it developed with drugmakers SII and Panacea Biotec

Honda rides into highly competitive mass segment with 100cc bike

Shine 100 may help HMSI close in on market leader Hero

Eyva: Smart non-invasive device to measure six body vitals without a prick

Can be used by four family members; provides 350,000 blood readings and counts; BlueSemi, which has developed the device, has taken a conscious decision not to enter cluttered wearables market

Manipal Health Enterprises set to buy AMRI Hospitals for Rs 2.3K crore

Temasek will buy controlling stake in Manipal at $4-billion valuation

India working on single-window portal for drug regulation processes

System will bring together stakeholders like manufacturers, distributors, state-run agencies to ensure quality

Uncertainty in Nigeria affects Indian auto, pharma, and consumer firms

Nigeria is a major destination for Indian pharmaceutical companies, especially mid-sized ones