Topic
regulatory approval
Finance Patanjali Gets IRDAI Nod for Rs 4,500 Crore Acquisition of Magma General Insurance
Patanjali Ayurved has secured IRDAI approval for a Rs 4,500 crore acquisition of Magma General Insurance. The deal gives Patanjali a 73.6% stake, with DS Group taking 24.5%. Magma reported breakeven in FY25 and premium growth of 22% CAGR over FY21-25.
Logistics UK Trade Body Urges Government to Approve Rosebank and Jackdaw Energy Projects
Offshore Energies UK (OEUK) has urged the UK government to approve the Rosebank and Jackdaw offshore energy projects, arguing delays threaten domestic supply and investor confidence. The combined £10.8bn projects could deliver 10% of UK gas and oil output, supporting thousands of jobs. OEUK warns that reliance on imports increases carbon footprint by up to four times.
Regulations & Compliance WHO Adds First Diagnostic Test for Ebola Bundibugyo Virus to Emergency Use Listing
The World Health Organization has added the first molecular diagnostic test for Bundibugyo virus (BDBV) to its Emergency Use Listing, aimed at rapid detection and outbreak control. The listing supports procurement by UN agencies and governments during the largest recorded BDBV outbreak in the Democratic Republic of the Congo.