BANKS PRESSURE HEALTH CARE FIRMS TO RAISE PRICES ON CRITICAL DRUGS, MEDICAL SUPPLIES FOR CORONAVIRUS

IN RECENT WEEKS, investment bankers have pressed health care companies on the front lines of fighting the novel coronavirus, including drug firms developing experimental treatments and medical supply firms, to consider ways that they can profit from the crisis. The media has mostly focused on individuals who have taken advantage of the market for now-scarce medical and hygiene supplies to hoard masks and hand sanitizer and resell them at higher prices. But the largest voices in the health care industry stand to gain from billions of dollars in emergency spending on the pandemic, as do…

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New system for monitoring foreign investment limits in listed firms

RBI to disallow investment if there is non-compliance. The Reserve Bank, in consultation with Securities and Exchange Board of India (SEBI), has decided to put in place a new system for monitoring foreign investment limits. Necessary infrastructure and systems to kick-start the monitoring mechanism, according to RBI, will be made available by the depositories. All listed Indian companies are required to provide the specified data/information on foreign investment to the depositories. The requisite information should be furnished on or before May 15, the RBI said. The listed Indian companies in…

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Investment bankers, consulting firms are top recruiters at IIM-B

Online recruitment: India registers 12 percent y-o-y growth for January 2018 420 students receive 462 offers from over 140 companies BENGALURU, FEBRUARY 18 The lateral and final placements for the PG class of 2016-18 of the Indian Institute of Management-Bangalore (IIM-B) saw 420 students receiving 462 offers from over 140 companies in India and abroad across all business sectors. ‘More offers’ Professor Ganesh N Prabhu, Chairperson, Career Development Services, IIM Bangalore, said: “Many sought-after recruiters surprised us by making many more offers than they had initially indicated and helped us…

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BlackBerry CEO Says Tech firms need to observe Lawful access Requests

Tech corporations should follow lawful requests to get entry to covered records, BlackBerry leader executive John Chen stated on Monday, in thinly veiled grievance of rival Apple Inc for its recent standoff with the FBI. Chen made the comment in a blog posting after reviews with the aid of Vice and Motherboard closing week that threw a spotlight on a 2014 case wherein Canadian law enforcement government used intercepted messages among a few BlackBerry devices to unravel an organised crime network. The gadgets were customer telephones that were not protected…

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China Says Tech Firms Pledge to Counter Online Terror Activities

Twenty-five Chinese technology companies have signed a pledge to counter images and information online that promote terrorism, the Internet regulator said on Tuesday, months after China passed a controversial new anti-terrorism law. The Cyberspace Administration of China said the companies had promised to “handle in a timely way terror-related harmful, illegal information, create a clear Internet space and maintain social stability”. The companies which have signed up include Baidu Inc, Tencent Holdings Ltd, Alibaba Group Holding Ltd, JD.com and Sina Corp, the regulator said. Tencent, Alibaba, JD.com and Sina did…

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