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India should have a central law on online gaming: IT minister Ashwini Vaishnaw

February 8, 2023 by www.moneycontrol.com

The government should have a central law to regulate the online gaming sector, and the first step towards this front is treating these apps as intermediaries, Union Minister of Electronics and Information Technology Ashwini Vaishnaw said in the Lok Sabha on February 8. “We as responsible lawmakers should come with a central act, which basically has been drafted in consultation with everybody and that act should be effectively regulating the online games and online gambling,” he said. “Already 19 states and Union territories have passed their own laws. Seventeen states have actually amended the Public Gambling Act, 1867, and introduced the online gambling elements within the act,” the minister said. The government had designated the Ministry of Electronics and Information Technology (MeitY) as the nodal ministry for all online gaming related matters in December 2022. Subsequently, on January 2, 2023, MeitY proposed a self-regulatory mechanism, mandatory verification of … [Read more...] about India should have a central law on online gaming: IT minister Ashwini Vaishnaw

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Biden’s SOTU Targets Drug Companies, But Misses Opportunity To Challenge Health Insurers And Pharmacy Benefit Managers

February 8, 2023 by www.forbes.com

Share to Twitter Share to Linkedin President Biden’s State of the Union Address hammered home the point that drug prices must come down. He reminded viewers that he and his Democratic colleagues are doing something about the problem, as he touted the Inflation Reduction Act’s drug pricing provisions. Moreover, the President reproached pharmaceutical companies for making record profits from insulin, adding that he seeks to expand the $35 per month cap on out-of-pocket costs to the entire population, not just Medicare beneficiaries. Furthermore, Biden said his recently enacted Inflation Reduction Act is “taking on powerful interests to bring your healthcare costs down.” Well, that may be true. But, absent from the speech was any mention of health insurers and pharmacy benefit managers. In the U.S., multiple stakeholders have created a dysfunctional healthcare system, in which an enormous cost burden is imposed on the patient. The ever-increasing financial … [Read more...] about Biden’s SOTU Targets Drug Companies, But Misses Opportunity To Challenge Health Insurers And Pharmacy Benefit Managers

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Bozeman Landed Hyundai’s New Horizons Studio R&D Center. Now Montana Is On The Hunt For More Manufacturing

February 3, 2023 by www.forbes.com

Share to Twitter Share to Linkedin The state of Montana has a wealth of riches to draw in newcomers, including four full seasons offering a wide range of outdoors activities, no traffic, a low cost of living, and friendly people, to name just a few. Now a consortium of government, academic and business leaders in the state, including the Montana Manufacturing Association under the Montana Chamber of Commerce, has been working for the past few years on a collection of other attractions to draw one specific kind of newcomer to Big Sky Country: manufacturers. While Montana already has over 4,100 manufacturing companies with over 21,400 employees generating $3.8 billion in economic output, state leaders see a lot more opportunity in that sector. “We’re leaning into our state’s strengths with our western lifestyle, entrepreneurial spirit and high-quality education system that is nimble and responsive to evolving workforce needs,” explained Todd O’Hair, … [Read more...] about Bozeman Landed Hyundai’s New Horizons Studio R&D Center. Now Montana Is On The Hunt For More Manufacturing

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Management, communication & tech top list of most in-demand skills for employees: LinkedIn report

February 8, 2023 by www.moneycontrol.com

In 2022 alone, professionals in India spend a total of 4.6 million hours learning on the platform. This is twice the number of learning hours spent by LinkedIn users in the United States (Representative Image) Business, marketing, technology, and people skills were the most in-demand skills for companies and professionals in 2023, as per LinkedIn’s newly launched ‘Workplace Learning Report’. “Despite tough macroeconomic conditions, learning in-demand skills will be critical for professionals to become more employable in any job market and reach their career goals in 2023,” the report noted. Follow our LIVE News blog here Top 10 Skills As per the research, the Top 10 most in-demand skills for the year in India featured a blend of business and marketing skills. This includes management, communications, and sales. Further tech skills such as software development, SQL, and Java. Read More Further, leadership and analytical skills are also featured on the … [Read more...] about Management, communication & tech top list of most in-demand skills for employees: LinkedIn report

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Hope to achieve ‘1-1-1 goal’ for Green hydrogen, petrochemicals to be integral part of Indian Oil’s growth story: Chairman

February 8, 2023 by www.moneycontrol.com

Indian Oil Corporation Ltd hopes that its green hydrogen initiatives and collaborations will accelerate the conversion of grey hydrogen to green and help achieve the ‘1-1-1 goal,’ Chairman Shrikant Madhav Vaidya, told Moneycontrol at the ‘India Energy Week 2023’. [Green Hydrogen 1-1-1 refers to the aim of reducing the price to $1 per 1 kilogram in 1 decade. ] Indian Oil Corporation is the largest state-owned oil refining company, with a capacity of 70.05 million metric tonnes per annum. It is also one of the leading petrochemical producers in India. Vaidya talked about the company’s petrochemicals expansion plan, the role of fossil fuels, and talent availability for its clean energy ventures, including green hydrogen. Edited excerpts: Q: Indian Oil has made a move towards clean energy in the green hydrogen space. What kind of targets do you have? A: Hydrogen and the refining industry go hand-in-hand. It's a raw material for me. So when I talk of hydrogen, basically, it's … [Read more...] about Hope to achieve ‘1-1-1 goal’ for Green hydrogen, petrochemicals to be integral part of Indian Oil’s growth story: Chairman

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India needs to review Green Hydrogen policy in view of incentives offered by other countries: Sumant Sinha of ReNew Power

February 8, 2023 by www.moneycontrol.com

As of now, corporates are going for clean electricity as step one, but eventually there will be other opportunities to decarbonise their entire operations, said ReNew Power MD Sumant Sinha The incentives and subsidies being planned by other countries for green hydrogen manufacturing are going to pose a stiff challenge for India if it does not review its strategy, said ReNew Power’s chairman and chief executive officer (CEO) Sumant Sinha. In an exclusive interview to Moneycontrol at the India Energy Week 2023 in Bengaluru, Sinha also said that from focusing only on renewables, the company now intends to also help corporates with their decarbonisation strategies. Edited excerpts from the interview: At the India Energy Week’s inaugural ceremony, the prime minister said going ahead, India's energy growth would be the highest in the world. We have done a lot of things in different segments of energy, whether it's hydrocarbons or clean energy. What are the gaps that still … [Read more...] about India needs to review Green Hydrogen policy in view of incentives offered by other countries: Sumant Sinha of ReNew Power

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Sustainalytics downgrades three Adani companies’ governance scores

February 9, 2023 by www.moneycontrol.com

Adani group stocks Sustainalytics downgraded corporate governance-related scores for three of India's Adani Group companies on ethics concerns, the sustainability ratings company said on Wednesday, citing questions a short-seller raised last month. The lowered scores, including for Adani Green Energy and Adani Transmission, come after a Jan. 24 report from short-seller Hindenburg Research alleged accounting fraud and stock manipulation at the sprawling Indian conglomerate, hammering the shares of its listed companies and the wealth of founder Gautam Adani. Representatives for Sustainalytics, a unit of Morningstar Inc, said its clients received research this month elaborating on the downgrades. The changes flow to the overall risk rating tied to environmental, social and governance (ESG) matters assigned by Sustainalytics to Adani companies, which can influence whether sustainability-minded fund managers buy or hold the securities. The changes would not have a major … [Read more...] about Sustainalytics downgrades three Adani companies’ governance scores

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Telangana will play pivotal role in India’s e-mobility transition: Minister KTR

February 9, 2023 by www.moneycontrol.com

Telangana is committed to providing an impetus to electric vehicle adoption and aims to play a pivotal role in India's transition to electric mobility, state Minister for IT, Industries and Commerce K T Rama Rao said on Wednesday. Speaking after launching the first edition of the Hyderabad E-Motor Show as part of the ongoing Hyderabad E-Mobility Week, Rama Rao said Telangana has been a front-runner in adopting sustainability and clean energy, while we remain focused on making India self-reliant." "With our progressive EV adoption policy, and our ability to provide 24x7 electricity, we aim to become the most 'electrified state' in mobility in India," Rama Rao said, according to an official release. "We strongly believe India is well equipped to develop as a hub for manufacturing of electric vehicles and its supply chain," he said. KTR, as Rama Rao is popularly known, said Telangana is pursuing a comprehensive strategy to bring manufacturing of various components of the … [Read more...] about Telangana will play pivotal role in India’s e-mobility transition: Minister KTR

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Lupin bags USFDA nod to market generic product in US market

February 9, 2023 by www.moneycontrol.com

Lupin Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Drug maker Lupin on Thursday said it has received approval from the US health regulator to market a generic medication, used before a surgery to decrease the volume of secretions from mouth, lungs and stomach, in the American market. The company has received approval from the US Food and Drug Administration (USFDA) for Glycopyrrolate Injection, a generic equivalent of Hikma Pharmaceuticals' Robinul Injection, the Mumbai-based drug maker said in a statement. The product marks the first approval from the company's new injectable facility in Nagpur, it added. "We are committed to building a strong injectable business as part of our growth strategy," Lupin CEO Vinita Gupta said. With the approval of the product from the Nagpur facility, the company can now fast-track its … [Read more...] about Lupin bags USFDA nod to market generic product in US market

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Private sector can boost ISRO’s space growth story

November 23, 2022 by www.moneycontrol.com

Skyroot has indicated their interests in capturing the launch-on-demand requirement that is gaining attraction in an era of competition and conflict. (File image) Skyroot Aerospace, an Indian private sector space enterprise, created history by launching India’s first privately developed rocket, Vikram-S. This is a moment that many in India’s private space sector have been waiting for, and the expectation is that the success of the Skyroot venture will open doors for many others. The name given to the mission, ‘ Prarambh ’, means ‘beginning’ in Hindi. Many in the space community believe that this mission is a new beginning for engagement between India’s official space agency, the ISRO (Indian Space Research Organisation), and the private space sector in India. Congratulating Skyroot Aerospace, ISRO tweeted , “Mission Prarambh is successfully accomplished”. Elated at the success, Skyroot’s CEO and Co-Founder, Pawan Kumar Chandana tweeted that: “Nov 18th 11:30 AM will be etched … [Read more...] about Private sector can boost ISRO’s space growth story

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