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Global Investors Write To PM Modi On Gaming Tax, Cite Adverse Impact On Sector

They said that decision will “adversely impact prospective investments to the tune of at least $4 billion in the next 3-4 years and hence the growth of the gaming sector in India

Gambia To Explore Legal Action On Maiden Pharma Over Toxic Cough Syrup

BW Online Bureau

Economy

Gambia's government is "far advanced" in exploring avenues for potential legal action against Indian drugmaker Maiden Pharmaceuticals and a local distributor over toxic cough syrups believed to have killed dozens of children, it said on Friday

EU Regulator Declines To Support Mirati's Lung Cancer Drug

BW Online Bureau

Economy

The drug, approved by the U.S. Food and Drug Administration in December and sold under brand Krazati, is designed to target a mutated form of a gene known as KRAS that occurs in about 13 per cent of non-small cell lung cancers, the most common form of the disease, and less frequently in some other solid tumors.

Tomato Prices To Go Down Following New Crop Arrival From Maharashtra, MP: Govt

BW Online Bureau

Economy

"The tomatoes have been disposed initially at a retail price of Rs.90/kg which has been reduced to Rs.80/kg from 16.07.2023 and further reduced to Rs.70/kg from 20.07.2023"

WHO Alarm On Dengue Risk For Global Warming Impact

BW Online Bureau

Economy

The disease was found in Sudan's capital Khartoum for the first time on record, according to a health ministry report in March, while Europe has reported a surge in cases and Peru declared a state of emergency in most regions. In Januray, WHO warned that dengue is the world's fastest-spreading tropical disease and represents a "pandemic threat".

HIV Drug Resistance Mechanisms Revealed By Protein Structures: Study

BW Online Bureau

Economy

The new study, published in Science Advances, reveals how changes to the 3D structures of integrase, an HIV protein, can lead to Dolutegravir resistance and how other compounds may be able to overcome this resistance.

Private Equity Investments In Healthcare Raises Costs: Study

BW Online Bureau

Economy

Private equity funding can come from multiple types of institutions, with different firms implementing varying investment strategies. As a result, Bruch said, the team wanted to review broad trends to gauge the impact on the healthcare sector as a whole rather than limiting the analysis to a specific setting.

Q2FY24 Results: Jio Platforms' Reports Gross Revenue At Rs 30,640 Cr, Up 11.3% YoY

BW Online Bureau

Economy

The company says that the average revenue per user (ARPU) has increased by 2.8 per cent year on year "driven by better subscriber mix and ramp-up of wireline business"

Mining And Quarrying Sector Witness Growth In April

BW Online Bureau

Economy

However, several minerals experienced declines during the period, with Petroleum (crude) down 3.6 per cent, Natural Gas (U) down 2.8 per cent, Gold down 8.1 per cent, and Lignite down 21.2 per cent.

India's Forex Reserves Witness Largest Weekly Jump In Four Months

BW Online Bureau

Economy

The Foreign Currency Assets (FCAs) were the main contributors to this substantial increase, surging by USD 11.19 billion and bringing the total FCAs to USD 540.17 billion.

RBI Asks All Banks To Report All Digital Fraud, Even Of Less Than Rs 1 Lakh

BW Online Bureau

Economy

3,596 frauds amounting to Rs 155 crore using cards and internet banking services were reported by lenders in FY22

Subsidised Tomatoes To Be Sold Online Through ONDC Soon: Sources

BW Online Bureau

Economy

The Centre is in talks with Open Network for Digital Commerce (ONDC) to offer tomatoes online to consumers at a subsidised rate of Rs 70 per kg, according to sources.