Showing posts with label South Africa. Show all posts
Showing posts with label South Africa. Show all posts

Wednesday, 11 May 2022

Cipla looks to invest more in mRNA tech; holds discussions with firms

 Speaking to Business Standard, Samina Hamied, executive vice chairperson, Cipla, says one must invest in research and development (R&D) to feed the commercial growth engines

After taking the lead in having a strong Covid-19 portfolio during the pandemic, Cipla is now gearing up for the next stage of growth in terms of innovation and expanding its presence in newer domains. The Mumbai-based firm has held discussions with mRNA technology companies over the last eight months as it looks to invest in a few of them. “We have been talking to mRNA technology owners in the past eight months. We are at a stage when we might invest in a few mRNA companies. The best way is to invest in such technology companies and then grow them in-house,” said Umang …

Sunday, 20 October 2019

South Africa targets billions siphoned off to US, UK, UAE by the Guptas

 The bulk of Guptas’ assets in South Africa are expected to be auctioned off to repay creditors as the brothers had fled to Dubai
corruption, bribe, bribery
South African authorities are to launch a fresh attempt to seize the billions of rands that Indian-origin Gupta brothers illegally took out of the country after allegedly acquiring it through irregular deals with state departments, a media report said.
According to the report in Sunday Times, the Asset Forfeiture Unit (AFU) has enlisted the assistance of American law enforcement agencies after the US Treasury last week imposed sanctions against the three Gupta brothers South Africa  — Ajay, Atul and Rajesh — and an associate, Salim Essa.
The US Treasury has said the Gupta family were “members of a significant corruption network and it leveraged overpayments on government contracts, bribery and other corrupt acts to fund political contributions and influence government actions”.
Originally from Saharanpur in Uttar Pradesh, the Gupta family amassed a fortune in IT, media and mining industries over the past two decades in South Africa, allegedly through their closeness to former president Jacob Zuma, who himself is facing corruption charges. The bulk of Guptas’ assets in South Africa are expected to be auctioned off to repay creditors as the brothers had fled to Dubai. But the AFU is now setting its sights on the money that was siphoned off to the US, the UK and the UAE, the report said.
Among the allegations being probed by the AFU is how money was laundered into two Texas-based bank accounts held by nephews of the Gupta brothers — Ashish and Amol Gupta, it said...

Wednesday, 2 October 2019

In the name of dignity & prosperity: Modi writes why the world needs Gandhi

The great leader envisioned a world where every citizen has dignity and prosperity.
New Delhi: Prime Minister Narendra Modi  pays homage to Mahatma Gandhi on the occasion of his 150th birth anniversary at Rajghat in New Delhi, Wednesday, Oct 2, 2019. (PTI Photo/ Shahbaz Khan)
Upon reaching India in 1959, the Rev. Dr. Martin Luther King Jr. remarked, “To other countries I may go as a tourist, but to India I come as a pilgrim.” He added, “Perhaps, above all, India is the land where the techniques of nonviolent social change were developed that my people have used in Montgomery, Alabama, and elsewhere throughout the American South. We have found them to be effective and sustaining — they work!”
The guiding light whose inspiration got Dr. King to India was Mohandas Karamchand Gandhi, the Mahatma, the Great Soul. On Wednesday, we observe his 150th birth anniversary. Gandhi Ji, or Bapu, continues to give courage to millions globally.
Gandhian methods of resistance ignited a spirit of hope among several African nations. Dr. King remarked: “When I was visiting in Ghana, West Africa, Prime Minister Nkrumah told me that he had read the works of Mahatama Gandhi and felt that nonviolent resistance could be extended there. We recall that South Africa has had bus boycotts also.”
Nelson Mandela referred to Gandhi as “the Sacred Warrior” and wrote, “His strategy of noncooperation, his assertion that we can be dominated only if we cooperate with our dominators, and his nonviolent resistance inspired anticolonial and antiracist movements internationally in our century.”
For Mr. Mandela, Gandhi was Indian and South African. Gandhi would have approved. He had the unique ability to become a bridge between some of the greatest contradictions in human society….

Tuesday, 8 January 2019

Wasim Akram lauds India’s triumph in Australia, praises batting effort

Akram, one of the game’s greatest fast bowlers, said that the team gelled well as a unit and were ably led by Virat Kohli
India's Cheteshwar celebrates scoring a century during play on day two of the third cricket test between India and Australia in Melbourne, Australia, Thursday (Photo: PTI)
Sports News: The Pakistan cricket fraternity, including the legendary Wasim Akram, lavished praise on India for becoming the first Asian team to win a Test series in Australia.
Akram, one of the game’s greatest fast bowlers, said that the team gelled well as a unit and were ably led by Virat Kohli.”I think Virat Kohli deserves lot of praise for this performance and I would think this success can be put down to the solid domestic cricket structure in India,” Akram said at a function here.
On Tuesday, the country’s Prime Minister and former cricket captain, Imran Khan, congratulated India on becoming the first Asian team to win a Test series in Australia. “Congratulations to Virat Kohli and the Indian cricket team for the first ever win by a subcontinent team in a test series in Australia,” Khan had tweeted.
Another ex-captain, Moin Khan, said that winning in Australia was never an easy task for any team from Asia and India deserved credit for their victory. Former opener Mohsin Khan said that India had built their success around their batsmen and the bowlers had backed them to the hilt.
Read Source: Business Standard or BS

14th BRICS summit to review current global issues, reach key agreements

  At the   14th BRICS summit   which is to be hosted by China in a virtual mode on 23-24 June, the member nations will review the current gl...