Latest news with #Regulation
Business Wire
14 hours ago
- Business
- Business Wire
Eurofins: Purchases of Own Shares From July 21st to July 24th 2025
LUXEMBOURG--(BUSINESS WIRE)--Regulatory News: Eurofins (Paris:ERF): Transaction details In accordance with Article 5(1)(b) of Regulation (EU) N° 596/2014 (the Market Abuse Regulation) a full breakdown of the individual trades are disclosed on Eurofins Scientific SE website:
Malaysian Reserve
a day ago
- Business
- Malaysian Reserve
UNIVERSAL MUSIC GROUP N.V. ANNOUNCES RESIGNATION OF CYRILLE BOLLORÉ FROM ITS BOARD OF DIRECTORS
HILVERSUM, Netherlands, July 28, 2025 /PRNewswire/ — Universal Music Group N.V. (EURONEXT: UMG) announced that Non-Executive Director Cyrille Bolloré notified the company of his resignation from its Board of Directors with immediate effect to focus his time and energy on the Bolloré Group. Mr. Bolloré remains strongly supportive of UMG's management team and strategy. The UMG Board is very grateful for Mr. Bolloré's contributions to the Company. About Universal Music GroupAt Universal Music Group, we exist to shape culture through the power of artistry. UMG is the world leader in music-based entertainment, with a broad array of businesses engaged in recorded music, music publishing, merchandising, and audiovisual content. Featuring the most comprehensive catalogue of recordings and songs across every musical genre, UMG identifies and develops artists and produces and distributes the most critically acclaimed and commercially successful music in the world. Committed to artistry, innovation, and entrepreneurship, UMG fosters the development of services, platforms, and business models in order to broaden artistic and commercial opportunities for our artists and create new experiences for fans. For more information, visit Cautionary NoticeThis press release is published by Universal Music Group N.V. and contains inside information within the meaning of article 7(1) of Regulation (EU) No 596/2014 (Market Abuse Regulation). Logo – View original content:
CNA
2 days ago
- CNA
Dog owners, trainers could need a licence to use some animal training devices
Dog owners and trainers could need a licence to use certain types of animal training devices. This could include electronic shock collars. Authorities are assessing if laws are needed to regulate such devices that inflict pain on animals. An advisory has been launched to discourage their use. Eugene Chow has more.
Mint
4 days ago
- Business
- Mint
Tax money goes up in smoke: ₹104 crore tax evasion by tobacco dealers detected this fiscal year, says govt
The authorities have detected 61 cases of tax evasion by dealers of tobacco products such as gutka, cigarettes and pan masala across the country, amounting to ₹ 104.38 crore till June this financial year. The information was provided to the Lok Sabha on Friday in response to a question on whether the government has assessed the extent of tax evasion, illicit trade and unregulated manufacturing in the Zarda sector. In a written reply, Minister of State for Health Prataprao Jadhav stated that the Department of Revenue has informed that the illegal trade of tobacco products is a clandestine activity, making it difficult to accurately estimate the loss of revenue. However, Jadhav's reply confirmed that 'Central Goods and Services Tax (CGST) zones and Directorate General of Goods and Service Tax Intelligence (DGGI) have detected 61 cases of (tax evasion by) gutka/chewing tobacco/cigarettes/pan masala (entities) involving tax amounting to approximately ₹ 104.38 crore in the current financial year up to June 2025." Regarding steps taken to strengthen the enforcement action, Jadhav explained that the DGGI and CGST officers have been sensitised to deal with the issue. Their focus is on verifying and enhancing the level of compliance of registered taxpayers as well as identifying unregistered entities to bring them under the tax net. Jadhav also clarified the regulatory landscape surrounding tobacco products. Pan Masala standards: The standards for pan masala are prescribed under sub-regulation 2.11.5 of the Food Safety and Standards (Food Product Standards and Food Additives) Regulations, 2011. Manufacturers are required to comply with these specifications. Gutka standards: It was also noted that no standards of gutka are prescribed under this specific regulation. Prohibition of Tobacco in food: Food Safety and Standards (Prohibition and Restriction of Sales) Regulation, 2011, prevents the use of tobacco and nicotine as ingredients in food products.
The Hindu
4 days ago
- Business
- The Hindu
Over ₹104-cr. tax evasion by tobacco product dealers detected this fiscal year: Govt
The authorities have detected 61 cases of tax evasion by entities dealing in tobacco products such as gutka, cigarettes and pan masala, amounting to ₹104.38 crore till June this financial year, Lok Sabha was informed on Friday (July 25, 2025). In a written reply, Minister of State for Health, Prataprao Jadhav said the Department of Revenue has informed that illegal trade of tobacco products is a clandestine activity and hence, the loss of revenue cannot be accurately estimated. 'However, Central Goods and Services Tax (CGST) zones and Directorate General of Goods and Service Tax Intelligence (DGGI) have detected 61 cases of (tax evasion by) gutka/chewing tobacco/cigarettes/pan masala (entities) involving tax amounting to approximately ₹104.38 crore in the current financial year up to June 2025,' Mr. Jadhav's reply said. The Minister was responding to a question on whether the government has assessed the extent of tax evasion, illicit trade and unregulated manufacturing in the Zarda sector. On steps taken to strengthen the enforcement action, Mr. Jadhav said that the DGGI and CGST officers have been sensitised to verify and enhance the level of compliance of registered taxpayers and to identify unregistered entities so as to bring them under the tax net. The standards of pan masala are prescribed under sub-regulation 2.11.5 of the Food Safety and Standards (Food Product Standards and Food Additives) Regulations, 2011. Any manufacturer of pan masala is required to comply with the requirements specified under the sub-regulation, said Jadhav, who added that no standards of gutka are prescribed under this regulation. Further, Food Safety and Standards (Prohibition and Restriction of Sales) Regulation, 2011, prevents the use of tobacco and nicotine as ingredients in food products, he added.
