Latest news with #Radhakrishnan
The Hindu
a day ago
- Business
- The Hindu
Tantransco flags issue of outage of NLC units, affecting load balance
Tamil Nadu Transmission Corporation Limited (Tantransco) has flagged the issue of outage of NLC generation units, resulting in shortage of the State's power allocation from Central generating stations (CGS). Tamil Nadu is losing a share of 745 MW out of the 1,999 MW due to forced outages in May, Tantransco Chairman J Radhakrishnan said in a recent letter addressed to NLC India Ltd Chairman and Managing Director. 'In the recent past years, NLC complex units are maintaining less generation citing various reasons due to which Tamil Nadu is getting less schedule against the allocated share there by facing much hardships in maintaining its 'Load-generation' balance, ', he said. Tamil Nadu State Load Despatch Centre is facing much hardship to maintain load-generation balance especially during non-solar peak hours, Mr. Radhakrishnan said. He called for necessary immediate measures in long term perspective to rectify the outage and maintain full generation from NLC Complex units during the current summer period especially during non-solar peak hours. Tantransco has also pointed out that there was a schedule shortfall of 219 MW from the available running units during the lighting peak hours on May 12, resulting in total affected share of 964 MW out of 1,999 MW. Tamil Nadu grid faces 5 peaks namely morning peak, solar peak, evening peak, lighting peak and Air-Conditioned (AC) night peak. Presently, the solar peak and evening peak is being met through renewable energy sources, namely solar and wind in addition to other generators, as per the State Energy Department's policy note for 2025-2026. Shortage of resources is faced during the morning peak, lighting peak and AC peak especially during the months of February, March, April and May. After meeting the demand with available sources viz., Thermal, Hydro, Central Generating Stations (CGS) share, Long Term Open Access (LTOA), Medium Term Open Access (MTOA) and Renewable Energy sources, the shortage in demand is met through short term tie ups such as Day Ahead Market (DAM), Day Ahead Contingency (DAC) Market, Long Duration contract (LDC) and Real Time Market (RTM), it added. Challenges faced in grid management are thermal outages, CGS share outages among others, the policy note pointed out. Tamil Nadu reached an all-time high peak power demand of 20,830 MW on May 2, 2024, and the record high daily consumption of 454.32 million units on April 30, 2024. Last month, Electricity Minister S.S. Sivasankar had said Tamil Nadu's power demand so far in the current summer has been lower than last year, due to rains in parts of the State. India's energy consumption stood at 148.7 billion units in May 2025, marking a 4% decline compared to the previous year. Unseasonal rains and the early onset of the monsoon kept temperatures lower than usual, leading to reduced electricity demand, as per Indian Energy Exchange.
Yahoo
3 days ago
- Business
- Yahoo
Entrada Therapeutics Appoints Maha Radhakrishnan, M.D., to its Board of Directors
Maha Radhakrishnan, MD BOSTON, June 03, 2025 (GLOBE NEWSWIRE) -- Entrada Therapeutics, Inc. (Nasdaq: TRDA) today announced the appointment of Maha Radhakrishnan, M.D., to its Board of Directors. 'We are pleased to have Dr. Radhakrishnan join the Board at this time of tremendous clinical momentum at Entrada, led by the continued advancement of our Duchenne muscular dystrophy franchise. Dr. Radhakrishnan's deep and meaningful experience in global drug development will be invaluable as we quickly advance our novel Duchenne programs into multiple patient-focused clinical trials throughout this year,' said Dipal Doshi, Chief Executive Officer at Entrada Therapeutics. 'I'm honored to join the Board of Entrada as it advances its clinical-stage portfolio of Duchenne therapies and its growing pipeline of novel approaches for devastating diseases,' said Dr. Radhakrishnan. 'The promising Phase 1 safety and target engagement data, along with the urgent need for new treatments, reinforce the potential of Entrada's approach to change the lives of people living with Duchenne. I look forward to working with Dipal and the Board to help bring this new class of intracellular therapies to patients and families affected by Duchenne and other serious illnesses.' Since August 2024, Dr. Radhakrishnan has served as Executive Partner at Sofinnova Investments, a European venture capital firm focused on life sciences. At Sofinnova Investments, Dr. Radhakrishnan leads in-depth diligence across clinical-ready assets in multiple therapeutic areas and provides expertise to portfolio companies in areas including product development and commercialization. From January 2020 to March 2024, Dr. Radhakrishnan served as Group Senior Vice President and Chief Medical Officer at Biogen (NASDAQ: BIIB) where she was responsible for the worldwide medical function. Prior to Biogen, she served as Senior Vice President and Global Head of Medical, Primary Care Business Unit at Sanofi. Previously, she held several leadership roles at Bioverativ (acquired by Sanofi), Bristol Myers Squibb, UnitedHealth Group and Cephalon (acquired by Teva Pharmaceuticals). Dr. Radhakrishnan received her M.D. in Internal Medicine with honors from the People's Friendship University in Moscow, Russia, as well as a Master's degree in the Russian language. About Entrada TherapeuticsEntrada Therapeutics is a clinical-stage biopharmaceutical company aiming to transform the lives of patients by establishing a new class of medicines that engage intracellular targets that have long been considered inaccessible. The Company's Endosomal Escape Vehicle (EEV™)-therapeutics are designed to enable the efficient intracellular delivery of a wide range of therapeutics into a variety of organs and tissues, resulting in an improved therapeutic index. Through this proprietary, versatile and modular approach, Entrada is advancing a robust development portfolio of RNA- and protein-based programs for the potential treatment of neuromuscular and ocular diseases, among others. The Company's lead oligonucleotide programs are in development for the potential treatment of people living with Duchenne who are exon 44, 45, 50 and 51 skipping amenable. Entrada has partnered to develop a clinical-stage program, VX-670, for myotonic dystrophy type 1. For more information about Entrada, please visit our website, and follow us on LinkedIn. Forward-Looking StatementsThis press release contains express and implied forward-looking statements that involve substantial risks and uncertainties. All statements, other than statements of historical facts, contained in this press release, including statements regarding Entrada's strategy, future operations, prospects and plans, objectives of management, the validation and differentiation of Entrada's approach and EEV platform and its ability to provide a potential treatment for patients, and expectations regarding global Phase 2 clinical studies for ENTR-601-44, ENTR-601-45 and ENTR-601-50, constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. The words 'anticipate,' 'believe,' 'continue,' 'could,' 'estimate,' 'expect,' 'intend,' 'may,' 'might,' 'objective,' 'ongoing,' 'plan,' 'predict,' 'project,' 'potential,' 'should,' or 'would,' or the negative of these terms, or other comparable terminology are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Entrada may not actually achieve the plans, intentions or expectations disclosed in these forward-looking statements, and you should not place undue reliance on these forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in these forward-looking statements as a result of various important factors, including the risks and uncertainties identified in Entrada's filings with the Securities and Exchange Commission (SEC), including the Company's most recent Form 10-K and in subsequent filings Entrada may make with the SEC. In addition, the forward-looking statements included in this press release represent Entrada's views as of the date of this press release. Entrada anticipates that subsequent events and developments will cause its views to change. However, while Entrada may elect to update these forward-looking statements at some point in the future, it specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Entrada's views as of any date subsequent to the date of this press release. Investor ContactKarla MacDonaldChief Corporate Affairs Officerkmacdonald@ Media ContactMegan Prock McGrathCTD Comms, LLCmegan@ A photo accompanying this announcement is available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Mint
3 days ago
- Business
- Mint
To curb mis-selling, finance ministry tells lenders to stop incentives on insurance
The rampant mis-selling of unnecessary insurance plans to loan and deposit customers by lenders has already evoked concerns among the two sector regulators. Now, the finance ministry has asked banks and non-banks to stop offering incentives on insurance sales to eliminate this malpractice. As lenders link employee performance and incentives to selling insurance products, the ministry's department of financial services (DFS) has issued specific instructions, asking lenders to immediately review their marketing practices, according to two people aware of the development, speaking on the condition of anonymity. The DFS has told financial institutions that insurance plans should only be sold as per the customer's requirements, and sales targets should not be linked to incentives, the people said. The ministry directed banks that their core banking services should not be forcibly linked to insurance products, advising them to promote financial literacy among customers and employees for the healthy development of India's insurance market, the first person quoted earlier said. Queries emailed to the finance ministry and the financial services secretary remained unanswered till press time. The Insurance Regulatory and Development Authority of India and the Reserve Bank of India (RBI) have flagged concerns about such mis-selling by banks and non-banking financial services companies (NBFCs). Lenders bundle insurance plans with products like housing loans and locker facilities. At times, customers are even unaware of the terms. Also read | Insurance laws bill set for monsoon session, proposes 100% FDI, composite licenses and sweeping reforms Mis-selling can be deliberate by an insurer or its agent or any intermediary, or a result of poor training of the salesperson, according to Hari Radhakrishnan, sector expert at Insurance Brokers Association of India (IBAI). 'As regards deliberate mis-selling, there should be deterrents or disincentives in place, such as regulator action by way of fines or penalties or de-licensing in egregious cases. Incentive structures that promote mis-selling, such as hard pressure-based selling, compulsive selling, etc., must be removed or discouraged," Radhakrishnan said. 'Non-deliberate mis-selling can be addressed to a large extent by proper sales training and channel development." How mis-selling works A large chunk of about 52,500 complaints received by the insurance ombudsman across the country in FY24 pertained to mis-selling and misrepresenting policy terms and conditions, and issuing a policy not conforming to the proposal–under Sections 13(1) d and Sec 13 (1) g of the Insurance Ombudsman Rules. More than 70% of the complaints were against life insurers under the two sections. After life insurance, health cover-related complaints follow the list of grievances. The Irdai separately received 215,569 grievances in FY24 on its Bima Bharosa portal, of which 120,726 were related to life insurance and 94,843 to general Insurance, largely health covers. A majority of the complaints were against public sector entities in the life segment, while most non-life complaints were against private insurers. Insurance-related grievances were among the 296,000 complaints that the Office of RBI Ombudsman received in FY24-25 compared with 293,000 in FY23-24. Irdai, in its communication on such mis-selling to lenders, flagged numerous instances of an insurance policy being forcibly sold or mis-sold by banks and NBFCs by bundling these with housing or other loans. For availing a locker facility, lenders insist on purchasing an insurance policy and, at times, claim that it is mandatory. Insurance plans have also been issued without the consent of customers, and there have been cases where customers claim not to have signed the policy documents or that they were issued policies with incorrect contact details. Read this | Insurers make up add-ons to entice customers into paying more for car insurance The insurance regulator found that single-premium insurance policies have been issued in lieu of fixed deposit receipts, claiming that these will provide better benefits. Senior citizens have been sold long-term life insurance policies having higher premiums, even though they may not require such coverage. And regular-premium policies were issued in place of single-premium ones, and renewal premiums were debited from customers' bank accounts without any intimation, assuring that they would get double the payment after a certain period. In most cases, when a complaint is lodged, issues are resolved, and the premium is returned in a few cases. Still, that has not deterred mis-selling by financial institutions that act as a corporate agent for insurers. Need for better governance 'Curbing mis-selling has become a key priority for banks, insurers and the regulator, with several targeted measures being undertaken. Insurers are simplifying products, strengthening onboarding with video verification, and enhancing disclosures to improve transparency. Sales teams are being equipped with digital tools for suitability checks, while incentive structures are being aligned with long-term customer outcomes," said Shruti Ladwa, partner and insurance leader, EY India. 'Irdai has further reinforced these efforts by extending the free-look period to 30 days and enabling video-based identification. Eliminating mis-selling will require concerted efforts across all stakeholders to build an empowered and informed customer base." And read | Centre ready to exempt health and life insurance from GST. Then why is the industry pitching for 12%? According to Narendra Ganpule, partner and insurance industry leader, Grant Thornton Bharat, it is pertinent for every bank to instil values of integrity and probity in the sales staff and relationship managers so that customer interest is put at the centre, and not the sales or growth targets. 'Governance across three lines of defence, especially awareness at the operating level, needs to be strengthened to reduce the frequency of mis-selling instances."
India Today
27-05-2025
- Politics
- India Today
Mails from Indians on immigration akin to spam: New Zealand minister sparks row
New Zealand's Immigration Minister. Eric Stanford, sparked an outrage after she revealed how she received heaps of emails from Indians seeking immigration advice. She also stated that she never responded to these emails. She received criticism for the insensitivity of her comments. An Indian-origin Labour MP, Priyanca Radhakrishnan, criticised Stanford for singling out an ethnic group and said it was careless at best and prejudiced at defending her use of her personal Gmail account for official correspondence during a session on May 6, Stanford said, "I receive a lot of unsolicited emails like, for example, things from people in India asking for immigration advice, which I never respond to. I almost regard those as being akin to spam."Defending her actions, she explained that she complied with the Official Information Act and made sure all relevant material was documented and sent to her parliamentary email. The parliamentary question posed to Stanford was not in connection with came up just a day after Stanford revealed she had utilised her personal email account for official purposes, including sending herself advance copies of budget announcements for MP RADHAKRISHNAN CALLS OUT REMARKLabour MP of Indian origin, Priyanca Radhakrishnan, criticised to The Indian Weekender, Radhakrishnan said, "Such comments reinforce negative stereotypes about an entire community." She also called it unacceptable for a minister to single out a specific ethnic a Chennai-born minister, expressed her outrage over the incident on Facebook, sharing her strong reaction to the statement."Earlier this week, in response to a question, the Immigration Minister felt the need to single out people from one country/ethnicity in a negative light. If you're from India, don't bother emailing her because it's automatically considered spam. So much for the National Government's all-of-government focus on strengthening the relationship between India & NZ and focus on people-to-people links," Radhakrishnan rejected Radhakrishnan's allegations, saying she did not say they were spam. "I said I almost regard those as being akin to spam.""While these people are attempting to contact me as the Minister of Immigration, I have no ministerial responsibility for providing non-citizens with immigration advice, nor do my officials at Immigration NZ have any responsibility," Radio New Zealand (RNZ) quoted her as saying.
News18
27-05-2025
- Politics
- News18
'Emails From Indians Akin To Spam': New Zealand Immigration Minister Under Fire For Remarks
Last Updated: Immigration minister Erica Stanford made the remarks while responding to a question during a parliamentary session on the use of her Gmail account for official correspondence A New Zealand minister has courted controversy with her remarks on how she handles queries on immigration from Indians, when she said she 'never responds" to them and they are 'akin to spam". Immigration minister Erica Stanford reportedly made the statement in response to a question during a parliamentary session on May 6. She was defending the use of her Gmail account for official correspondence. 'I receive a lot of unsolicited emails like, for example, things from people in India asking for immigration advice, which I never respond to. I almost regard those as being akin to spam," Stanford said. Condemning the 'stereotypical" remarks, Indian-origin Labour MP Priyanca Radhakrishnan said ministers received unsolicited emails all the time and there was no reason for her to single out Indians. Stanford, however, responded saying her remarks had been misinterpreted. In a Facebook post, Radhakrishnan slammed Stanford saying she 'felt the need to single out people from one country/ethnicity in a negative light". She said if you are from India, it will be better not to contact the minister as those emails will go into her spam folder. 'Earlier this week, in response to a question by @willowjeanprime the Immigration Minister felt the need to single out people from one country/ethnicity in a negative light. If you're from India, don't bother emailing her because it's automatically considered spam," Radhakrishnan said on Facebook. She added: 'So much for the National govt's all-of-government focus on strengthening the relationship between India & NZ and focus on people-to-people links." According to a report by The Indian Weekender, Radhakrishnan said, 'Such comments reinforce negative stereotypes about an entire community". She described the comments as 'careless at best and prejudiced at worst" and pointed out that ministers receive such emails all the time, and there was no reason to single out Indians. 'Particularly given New Zealand's important relationship with India," she was quoted as saying, 'comments like these serve to reinforce negative stereotypes against an entire community of people." HOW DID ERICA STANFORD RESPOND? Stanford defended her statement and said she did not consider emails from Indians spam, but in fact, 'almost akin to spam". She said her remarks had been misinterpreted. 'I did not say that I consider them as spam," she was quoted, adding, 'I only said that I consider them almost akin to spam." Stanford further said she was referring to the volume and nature of unsolicited emails she receives on her personal email and did not mean to call out a specific community. 'In this instance, I recalled a recent email I'd received of this nature when answering," she was quoted. Stanford has served as minister of immigration since November 27, 2023, and took charge following the formation of the National-led coalition government under Prime Minister Christopher Luxon. Watch India Pakistan Breaking News on CNN-News18. Get breaking news, in-depth analysis, and expert perspectives on everything from geopolitics to diplomacy and global trends. Stay informed with the latest world news only on News18. Download the News18 App to stay updated!
