Latest news with #CERT-SPJIMR
Time of India
3 hours ago
- Business
- Time of India
Deodorant recall shocker! These everyday brands just failed major safety tests - is your brand on the list?
A company called A.P. Deauville from Pennsylvania is recalling over 67,000 cases of its roll-on deodorants. These deodorants are sold under the Power Stick brand. The recall happened because the products broke important safety rules set by the FDA (U.S. Food and Drug Administration). The safety rules are called Current Good Manufacturing Practices (CGMP), which make sure products are made in a clean and safe way. The recall was officially announced on July 10 by the company, as per the North Jersey report. Explore courses from Top Institutes in Select a Course Category Finance Management MCA Data Analytics Cybersecurity Operations Management Product Management CXO Healthcare Data Science MBA Artificial Intelligence Leadership Data Science Digital Marketing Degree others healthcare PGDM Design Thinking Technology Project Management Others Public Policy Skills you'll gain: Duration: 9 Months IIM Calcutta SEPO - IIMC CFO India Starts on undefined Get Details Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Fintech & Blockchain India Starts on undefined Get Details The company didn't say exactly what was wrong or what health risks the deodorants could cause. The FDA warned people to stop using these products immediately. You should either throw them away or return them to the store you bought them from, as per the reports. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like New Container Houses Indonesia (Prices May Surprise You) Container House | Search ads Search Now Undo ALSO READ: Navitas stock soars 33% to 52-week high — what's driving the surge in this semiconductor star? Which Deodorants got recalled? Power Stick for Her – Powder Fresh (1.8 oz) UPC: 815195019313 21,265 cases recalled Live Events Power Stick Invisible Protection – Spring Fresh (1.8 oz) UPC: 815195018194 22,482 cases recalled ALSO READ: Paranormal investigator dies after Annabelle doll tour – haunting curse resurfaces in 2025 Power Stick Original Nourishing Invisible Protection (1.8 oz) UPC: 815195018224 23,467 cases recalled These deodorants were sold all over the U.S., including big stores like Walmart and online on Amazon. If you want more info, check the FDA's website or contact the company directly, according to the report by North Jersey. FAQs Q1. Which Power Stick deodorants were recalled in July 2025? Three Power Stick roll-on deodorants were recalled: Powder Fresh, Spring Fresh, and Original Nourishing, all in 1.8 oz size. Q2. Why were Power Stick deodorants recalled by A.P. Deauville? They were recalled for not following FDA's safety manufacturing rules, though exact problems weren't shared.
Time of India
11 hours ago
- Business
- Time of India
Aswath Damodaran gives 4 reasons why companies should think twice before parking cash in Bitcoin
As Bitcoin prices flirt with record highs and corporate interest in the crypto asset gains momentum, valuation guru and NYU finance professor Aswath Damodaran has waded back into the Bitcoin debate with a sharp rebuttal to the growing chorus urging companies to stash their cash in crypto. In a July 18 blog post titled "To Bitcoin or not to Bitcoin? A Corporate Cash Question!", Damodaran lays out a clear stance: 'It is a terrible idea for most companies,' he said, adding, 'my reasoning has absolutely nothing to do with what I think of bitcoin as an investment and more to do with how little I trust corporate managers to time trades right.' Explore courses from Top Institutes in Select a Course Category Artificial Intelligence Degree Finance Leadership Public Policy others MCA Product Management PGDM Design Thinking Others Digital Marketing Data Science CXO Cybersecurity Management Project Management Data Science Technology Healthcare healthcare MBA Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Exec Cert Prog in AI for Biz India Starts on undefined Get Details Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Exec Cert Prog in AI for Biz India Starts on undefined Get Details Damodaran, renowned for his empirical approach to corporate finance and valuation, argues that Bitcoin fails to meet the core objectives of corporate cash holdings and instead introduces avoidable risks to both balance sheets and business narratives. 1. 'Bitcoin does not meet the cash motives' At the heart of Damodaran's argument is a simple truth: corporate cash is meant to act as a financial shock absorber. Companies hold cash, he said, 'to meet unforeseen needs,' and to navigate crises or downturns when capital markets dry up. 'Replacing low-volatility cash with high-volatility bitcoin would undercut this objective, analogous to replacing your shock absorbers with pogo sticks,' Damodaran warned. Given Bitcoin's history of plunging during market sell-offs, he said, 'the value of bitcoin on a company's balance sheet will dip at exactly the times where you would need it most for stability.' 2. 'Bitcoin can step on your operating business narrative' Damodaran argued that allowing Bitcoin to play a prominent role on the balance sheet can distract from the company's core business story. 'It creates confusion about why a company with a solid business narrative from which it can derive value would seek to make money on a side game,' he said. Even worse, he said, Bitcoin's inherent volatility can obscure a company's performance: 'The ebbs and flows of bitcoin can affect financial statements, making it more difficult to connect operating results to story lines.' 3. 'Managers as traders?' The professor made clear his skepticism about letting CEOs and CFOs dabble in timing markets. 'When companies are given the license to move their cash into bitcoin or other non-operating investments, you are trusting managers to get the timing right,' he noted. 'That trust is misplaced, since top managers… are for the most part terrible traders, often buying at the market highs and selling at lows.' Instead of letting corporate leaders gamble on Bitcoin, Damodaran argued that shareholders would be better off receiving that cash as dividends or buybacks to deploy it how they see fit. 'Put simply, if you believe that Bitcoin is the place to put your money, why would you trust corporate managers to do it for you?' 4. 'License for abuse' Damodaran underscored a governance concern: 'Giving managers the permission to trade crypto tokens, bitcoin or other collectibles can open the door for self-dealing and worse.' He suggested that even if shareholders don't object, regulators might need to step in. 'The SEC (and other stock market regulators around the world) may need to become more explicit in their rules on what companies can (and cannot) do with cash,' he said. The carveouts: When Bitcoin might make sense Though firmly against most firms converting cash to crypto, Damodaran outlined four carveouts where holding Bitcoin might be justifiable, albeit with strong governance and transparency: 'The Bitcoin Savant': A company led by a CEO trusted for their trading acumen, like MicroStrategy's Michael Saylor, may earn shareholder buy-in to speculate with cash. 'The Bitcoin Business': For companies like Coinbase or PayPal, which handle Bitcoin as part of their operations, it can make sense to hold the asset as working capital. 'The Bitcoin Escape Artist': Firms in countries with failed fiat currencies, such as Argentina, might rationally prefer Bitcoin over unstable local currencies. 'The Bitcoin Meme': Companies like AMC or GameStop, whose stock prices are driven more by trading momentum than business fundamentals, may choose to amplify that volatility. Even in these cases, Damodaran called for 'shareholder buy-in,' 'transparency about Bitcoin transactions/holdings,' and 'clear mark-to-market rules.' Cui Bono? Damodaran's final word Damodaran concluded by cautioning Bitcoin advocates who are eager to see institutional and corporate adoption. While more demand may boost prices in the short term, the longer-term costs could prove damaging. 'Adding these investors to the mix will put [Bitcoin's] volatility on steroids,' he warned, and 'may lead at least some of them to regret this push.' His final takeaway for companies considering a crypto pivot? No matter how bullish you are on Bitcoin, think twice before making it part of your corporate cash strategy. Also read | I don't promote stocks, seek out investors: Aswath Damodaran ETMarkets WhatsApp channel )
Time of India
a day ago
- General
- Time of India
Quadcopter loses connection during training sortie, falls in open area in Ambala
A quadcopter lost contact due to technical snag during a training sortie and fell in an open area of Ambala's Dhulkot are on Sunday, an official statement said. No damage to property or injury to anyone was reported, the official said. Explore courses from Top Institutes in Select a Course Category Artificial Intelligence Others Design Thinking Degree PGDM Healthcare MBA Cybersecurity Leadership Data Analytics Management Operations Management Data Science Data Science healthcare CXO Finance Project Management MCA Public Policy others Digital Marketing Technology Product Management Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Exec Cert Prog in AI for Biz India Starts on undefined Get Details "Enhanced training post Operation Sindoor is being undertaken, in which on July 20, at about 1200 hrs, a quadcopter while on a training sortie lost contact due to technical snag and fell in open area of Dhulkot, Ambala. No damage to property or injury to anyone was caused," the statement said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Mountain Gear for Extreme Conditions Trek Kit India Learn More Undo Meanwhile, an eyewitness told the police that the drone flying in the air suddenly went out of control and fell. On receiving the information, a team of the Baldev Nagar police station immediately reached the spot. Live Events The Army authorities and Air Force personnel also reached there. They took the drone into their possession, Baldev Nagar police station in-charge Ramesh Kumar said.
Time of India
a day ago
- Sport
- Time of India
Mustafizur Rahman breaks Bumrah's record as Bangladesh bowl out Pakistan for the first time in T20I history
Bangladesh's veteran seamer Mustafizur Rahman delivered a historic and miserly spell to help Bangladesh bowl out Pakistan for just 110 runs in the first T20I at the Shere Bangla National Stadium in Dhaka on Sunday, July 20. The left-arm pacer conceded just six runs in his four overs, setting a new record for the most economical four-over spell by a Bangladeshi bowler in T20I history. He also picked up two crucial wickets, surpassing India's Jasprit Bumrah, who gave away seven runs for three wickets against Afghanistan in the T20 World Cup 2024. Explore courses from Top Institutes in Select a Course Category Artificial Intelligence Project Management Healthcare CXO Data Analytics Finance Management Data Science Digital Marketing Operations Management Technology Data Science MBA Product Management Cybersecurity PGDM MCA Leadership Degree Design Thinking Others Public Policy healthcare others Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Exec Cert Prog in AI for Biz India Starts on undefined Get Details Mustafizur's remarkable bowling began in the fifth over of the innings when he dismissed Hasan Nawaz for just one run. Returning for the 11th over, he allowed only two runs and was involved in the run out of Fakhar Zaman. In his next two overs, he conceded just three more runs, claiming the wicket of Khushdil Shah and wrapping up with figures of 4-0-6-2. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Mountain Gear for Extreme Conditions Trek Kit India Learn More Undo Rahman recently surpassed England spinner Adil Rashid to become the fifth-highest wicket-taker in T20 internationals. He achieved this feat in his outing against Sri Lanka in Colombo on July 16. Rahman has 136 wickets in 109 outings at an average of 21.33 and an economy of 7.42 in T20 internationals. Bangladesh opted to bowl first and their pace attack tore through Pakistan's batting lineup. Taskin Ahmed supported Mustafizur with figures of 3.3-0-22-3, while Mahedi Hasan and Tanzim Hasan Sakib chipped in with one wicket each. Pakistan also suffered three run-outs, further compounding their struggles. Live Events This was the first time Bangladesh bowled out Pakistan in a T20I match, and 110 is now Pakistan's lowest total against Bangladesh in the format, breaking their previous low of 127/5 at the same venue in 2021. Pakistan's Collapse Sent in to bat, Pakistan's innings unraveled early. They lost half their side for just 46 runs within eight overs. Top-order batters Saim Ayub (6), Mohammad Haris (4), and skipper Salman Agha (3) fell cheaply. Hasan Nawaz was dismissed for a duck, and Mohammad Nawaz managed just 3 runs. Fakhar Zaman was the lone bright spot, scoring 44 off 34 balls with six fours and a six. He was eventually run out after a miscommunication with Khushdil Shah. Shah (17) and Abbas Afridi (22) put up a brief resistance, adding 33 runs for the seventh wicket, but couldn't prevent a collapse. Playing XIs Bangladesh: Parvez Hossain Emon, Tanzid Hasan Tamim, Litton Das (c & wk), Towhid Hridoy, Shamim Hossain, Jaker Ali, Mahedi Hasan, Rishad Hossain, Tanzim Hasan Sakib, Taskin Ahmed, Mustafizur Rahman Pakistan: Saim Ayub, Fakhar Zaman, Mohammad Haris (wk), Hasan Nawaz, Salman Agha (c), Mohammad Nawaz, Khushdil Shah, Faheem Ashraf, Abbas Afridi, Salman Mirza, Abrar Ahmed
Time of India
3 days ago
- Business
- Time of India
Oil sanctions: What can India do without Russian crude?
After Western nations imposed sanctions on Russia and stopped buying its oil due to its invasion of Ukraine in 2022, Russia's heavily discounted oil started flooding India, helping India keep inflation in check and economy stable amid all the global turbulence. India relies on imports to meet more than 85% of its crude oil needs. While the Middle East was historically the main supplier, Russia has taken the lead in the past three years. But now India's steady supply of cheap Russian oil is under serious threat. Frustrated with Russian President Vladimir Putin 's double game of unabated attacks on Ukraine while appearing to be ready for a peace deal, US President Donald Trump announced early this week sanctions on buyers of Russian oil unless Russia agrees to a peace deal. Trump's threat of sanctions came with a 50-day grace period. 'We're very, very unhappy with (Russia). And we're going to be doing very severe tariffs if we don't have a (Ukraine peace) deal in 50 days. Tariffs at about 100%, you'd call them secondary tariffs,' Trump said on Monday. NATO secretary general Mark Rutte also threatened India, China and Brazil with 100% secondary sanctions if they continue doing business with Russia, even as he urged the leaders of these countries to press Putin to take peace talks with Ukraine seriously. Meanwhile, Senator Lindsey Graham is pushing for the Sanctioning Russia Act of 2025, a bipartisan legislative proposal that threatens an unprecedented 500% tariff on all US imports from countries that buy Russian oil, gas, petrochemicals or uranium. Explore courses from Top Institutes in Select a Course Category Artificial Intelligence MCA Data Science Data Analytics PGDM Leadership Management Cybersecurity healthcare Healthcare Public Policy MBA Finance Digital Marketing Design Thinking Data Science Degree CXO others Product Management Project Management Operations Management Others Technology Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Exec Cert Prog in AI for Biz India Starts on undefined Get Details Secondary tariffs mean that countries engaged in trade with Russia would face a 100% tariff when exporting goods to the US. India and China are the top two buyers of Russian oil. Earlier, India had to yield to Trump's oil sanctions when it stopped buying oil from Iran in 2019 after Trump, during his previous term as president, threatened secondary sanctions on buyers of Iranian oil. Can India continue buying Russian oil? Petroleum and Natural Gas of India Hardeep Singh Puri on Thursday said India is unfazed by US sanction threats as oil markets remain well supplied, adding that the prices will come down. Commenting on the threat of secondary sanctions, the minister said, "Russia is 10 per cent of global production. We have the analysis that if Russia were not included, the prices would have gone to 130 dollars a barrel. Even Turkey, China, Brazil and even the EU have bought oil and gas from Russia." Last week, the minister had said India's continued purchase of crude oil from Russia helped stabilise energy prices globally, and halting oil trade from Russia would have spiralled crude prices to over $120-130 per barrel. "I'm not worried at all. If something happens, we'll deal with it," Puri has said. Live Events You Might Also Like: 'Double standards': India claps back at NATO over sanctions warning on Russia oil deals 'There are two possibilities: one, the whole world consumes 10% less — which means some people won't get heating in winter; some won't get air conditioning in summer; some of the transport will stop flying,' Puri said. 'Or, you start buying more from the remaining 90% (suppliers). You know what that would do to prices? The prices would skyrocket,' he said. Puri's comments indicate threats made by Trump and Nato of secondary sanctions may after all just be a negotiating tactic with Russia. As per a recent ET report, people familiar with the matter say that some NATO member states and European countries that have imposed sanctions against Russia continue to purchase Russian oil via third countries. The European Union plans to completely stop the import of Russian gas by 2027, but many nations still remain dependent on Russian gas and refined oil, they said, pointing out that in 2024, 18% of the EU's natural gas imports came from Russia. Is Trump bluffing? The oil market barely reacted to Trump's threats of secondary sanctions on Tuesday, with Brent trading around $69 per barrel, similar to levels seen over the past week. As per an ET report, refinery executives said if implemented, the proposed tariff could effectively shut Russia out of the global oil market, pushing prices to $120 per barrel or more, derailing Trump's own low-energy-price agenda and fuelling global inflation. Russia exports about 4.5–5.0 million barrels per day (mbd) of crude oil, roughly 5% of total global demand. In addition, it exports about 2 mbd of refined products. Conversely, if India and China were targeted with 100% tariffs for continuing to buy Russian oil, the resulting spike in US import costs from these countries could burden American consumers and prove politically difficult for Trump to manage, executives said. 'This whole tariff game is about Trump trying to strike deals with countries, including Russia, not about disrupting energy trade or dealing with high inflation at home,' an executive told ET. Another executive said Trump's warning was just a ploy to induce seriousness in negotiations with Russia, whose leader Vladimir Putin has been following a dual-track strategy—engaging with Trump over the phone and talking of a peace deal, while simultaneously hammering Ukraine with an increasing barrage of missiles and drones. You Might Also Like: Oil executives brush aside Trump's tariff threat on Russian crude How India can manage without Russian oil If it really comes down to secondary sanctions, as threatened by Trump and Nato's Rutte, how will India manage without Russian oil which is now more than 33% of India's total oil imports? According to a Centre for Research on Energy and Clean Air (CREA) analysis, since the ban on Russian oil, China has bought 47% of Russia's crude exports, followed by India (38%), the EU (6%), and Turkiye (6%). In FY22, Russia made up just 2.1% of India's oil imports. Come financial year 2024-25, Russia's share in India's value of oil imports is a staggering 35.1%. In FY22, India bought $2,256 million of Russian oil - three years later that number stands at a whopping $50,285 million. India's oil imports from Russia rose marginally in the first half of this year, with private refiners Reliance Industries Ltd and Nayara Energy making almost half of the overall purchases from Moscow, according to data provided by sources to Reuters. India, the world's third-largest oil importer and consumer, received about 1.75 million barrels per day of Russian oil in January-June this year, up 1% from a year ago, the data showed. Indian refiners expect that any move by Trump is unlikely to disrupt oil supplies but could wipe out the thinning discount on Russian crude, as traditional and new suppliers ramp up output, refinery officials told Reuters. Since secondary tariffs will apply to the whole country and affect all merchandise exports, unlike the scenario where only the entities doing business with sanctioned Russian entities are penalised, India will find it tough to continue buying Russian oil because sanctions will weigh heavier than the advantage India gets from buying Russian oil on which discount has now thinned. Indian refiners will have no other way than pivot towards its traditional West Asian suppliers and new players such as Brazil to make up for lost Russian supplies. These new barrels will, however, come at a higher cost, ranging around $4-5/barrel. Arranging alternative supplies will not be difficult, as 'there is enough energy available in the world,' according to oil minister Puri. 'Oil prices are still between $65 and $70,' he said. India is already diversifying its oil imports. Puri said that India has broadened its oil import network. India has diversified the sources of supplies from 27 to 40 countries now, he said. Data from S&P Global Commodity Insights showed India's crude imports from the US surged more than 50 per cent in the first half of 2025 compared to the same period last year, a sign that Indian refiners are once again warming up to non-OPEC sources. Shipments from Brazil saw the sharpest rise, growing 80 per cent year-on-year to 73,000 bpd from 41,000 bpd.
