KPL receives nod to sell its anti-cancer drug Bleomycin 15 IU in Mexico
Bleomycin is a widely used anti-cancer medicine, effective in the treatment of Hodgkin's lymphoma, testicular cancer, and certain squamous cell carcinomas.
The company said, "This approval further strengthens our expansion into highly regulated markets, reinforcing our commitment to delivering quality oncology products globally."
The projected business potential is around 1 million USD in the first year, and supplies will commence before the end of Q2FY26
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India.com
35 minutes ago
- India.com
Trump's Official Urges India To Stop Purchases Of Russian Oil For 'Funding' War In Ukraine
White House trade adviser Peter Navarro has targeted Indian purchases of Russian crude oil, accusing it of funding Moscow's war in Ukraine and called for New Delhi to stop, Al Jazeera reported, citing the opinion piece published in the Financial Times. In an opinion piece published in the Financial Times on Monday, Navarro wrote, "India acts as a global clearinghouse for Russian oil, converting embargoed crude into high-value exports while giving Moscow the dollars it needs." Notably, US President Donald Trump and his administration have continuously targeted India over its purchase of Russian crude oil. India, on the other hand, has always maintained that India's purchases are based on its domestic needs and economic security. The Ministry of External Affairs also pointed out in its recent statement that the US and European Union purchase much more oil and other goods than India. Further, Navarro slammed India for "cosying up" to Russia and China, saying "if India wants to be treated as a strategic partner of the US, it needs to start acting like one." India's dependence on Russian crude is "opportunistic and deeply corrosive of the world's efforts to isolate Putin's war economy," he added. The adviser also said that it was risky to transfer cutting-edge US military capabilities to India as New Delhi's ties to China and Russia deepen, as per Al Jazeera. Navarro is the second senior Trump administration official to accuse India of financing Russia's war in Ukraine. Stephen Miller, deputy chief of staff at the White House, in the first week of August, said that New Delhi's purchase of Russian crude was "not acceptable". "What he (Trump) said very clearly is that it is not acceptable for India to continue financing this war by purchasing the oil from Russia," Miller, one of Trump's most influential aides, said in an interview to Fox News. In response, the Ministry of External Affairs said that the country is being 'unfairly' singled out for buying Russian oil. At the same time, the US and European Union continue to buy goods from Russia. The EU and US trade much more with Russia than India does, New Delhi's contention for being singled out - although this trade has dipped significantly since Russia invaded Ukraine in February 2022. The EU's total trade with Russia plummeted to USD 77.9 billion in 2024, down from USD 297.4 billion in 2021. Notably, the EU continues to import Russian gas, with expenditures reaching USD 105.6 billion since the war began. This amount is equivalent to approximately 75 per cent of Russia's 2024 military budget, according to the Centre for Research on Energy and Clean Air. In contrast, the total trade between the US and Russia stood at USD 3.5 billion in 2024. US goods exports to Russia in 2024 were USD 528.3 million, down 11.8 per cent (USD 70.5 million) from 2023. Meanwhile, on this 79th Independence Day, Prime Minister Narendra Modi, during his speech, said that, "Modi will stand like a wall against any policy that threatens their interests. India will never compromise when it comes to protecting the interests of our farmers." Notably, at the beginning of this month, United States President Donald Trump imposed 50 per cent tariffs on Indian goods over the issue, straining US-India ties. India and the US have been negotiating for months to finalise a free trade agreement, with Trump accusing New Delhi of denying access to US goods by imposing high tariffs.
NDTV
2 hours ago
- NDTV
Ex-Real Madrid Midfielder Lassana Diarra Hits FIFA With USD 65 Million Euros Claim. Reason Is...
Lawyers for former France international Lassana Diarra said Monday he is claiming 65 million euros (USD 76 million) from FIFA and the Belgian soccer federation after a landmark legal win about transfer rules. Diarra's decade-long challenge to FIFA after a breakdown in relations with his former club Lokomotiv Moscow led to a ruling at the European Union's top court last October that some aspects of soccer's transfer rules do not comply with the 27-nation bloc's labor and competition laws. Lawyers for the 40-year-old former Chelsea, Arsenal and Real Madrid midfielder cited 'unsuccessful settlement negotiations with FIFA' for the financial claim for damages throughout his career. 'Lassana Diarra is claiming €65 million gross (€35 million net) in compensation from FIFA and the Belgian Football Association,' his legal firm Dupont Hissel said in a statement. FIFA was approached for comment about the latest high-stakes legal challenge to its authority. Diarra's case, which is back in court in Belgium, is supported by the global players' union FIFPRO, its European division and their national member union in France. The legal case started in the home country of Charleroi, the Belgian club that wanted to sign Diarra after his contract in Moscow was terminated. FIFA transfer rules at the time made the player and the potential signing club liable for paying the former club when a contract was ruled to have been broken without 'just cause.' The Court of Arbitration for Sport upheld FIFA's ruling in favor of Lokomotiv. The case was sent to the European court which said the FIFA rules 'hinder the free movement of players and competition between clubs.' Diarra's dispute with Lokomotiv and FIFA forced him to miss the 2014-15 season. He then signed for Marseille and ended his career at Paris Saint-Germain six years ago. 'I am doing this for myself,' Diarra said in a statement Monday published by his lawyers. 'And if I have been able to hold out against the FIFA steamroller, it is because I had a good career.' 'But I have also done it for all the up and coming, lesser known players who do not have the financial and psychological means to challenge FIFA before real judges,' he said.
Mint
2 hours ago
- Mint
MFs foreign assets drop 5.6 pc to USD 8.3 bn in FY25: RBI
Mumbai, Aug 18 (PTI) Indian mutual funds' overseas assets dropped 5.6 per cent to USD 8.3 billion in FY25, the Reserve Bank of India (RBI) said on Monday. At the end of FY24, Indian mutual funds held assets of over USD 8.81 billion in foreign assets, as per the central bank's annual survey of foreign assets and liabilities of mutual funds. "Overseas assets of MFs declined 5.6 per cent and stood at USD 8.3 billion in March 2025, due to lower holdings of foreign equity securities," the RBI said. There was a 3.9 per cent drop in equity securities held abroad by MFs at market value in the US at ₹ 44,500 crore, while the same in Ireland and Taiwan also witnessed declines. Over 95 per cent of the overseas equity investment of the MFs were concentrated in the US, Luxembourg, and Ireland, the RBI said. It can be noted that FY25 witnessed volatilities in the global markets because of continuing geopolitical tensions amid tensions between Ukraine-Russia and in Israel, while change of guard in the US and the newer way of looking at trade policies by President Donald Trump also led to some nervousness among investors. The flows into MFs' equity schemes surged nearly 25 per cent to ₹ 29.45 lakh crore in FY25, indicating stronger preference among investors to punt on the domestic markets. The RBI survey revealed that the foreign liabilities of MFs increased 19.9 per cent in FY25 to USD 30.5 billion at market value, due to the rise in units issued to non-residents. People in the UAE were the biggest holders in Indian MFs' schemes at ₹ 52,549 crore, while Australia had the highest growth at over 40 per cent in the liabilities of domestic MFs. Non-residents of the United Arab Emirates (UAE), the United States of America (USA), the United Kingdom (UK), and Singapore held the largest share in MF units, both in terms of face value as well as at market value, the RBI said. Foreign liabilities of asset management companies increased 16.8 per cent to USD 7.5 billion in March 2025, on the back of higher inward direct investments, while the overseas assets of AMCs increased marginally from their previous year's level and were largely held in Guernsey, Singapore, and Mauritius.
