Paracetamol maker Granules India posts 23 per cent rise in Q3 profit, Health News, ET HealthWorld

Bengaluru: Pharmaceutical company Granules India Ltd, reported a 23 per cent rise in third-quarter profit on Tuesday, propelled by strong demand for the painkiller drug Paracetamol. Consolidated profit rose to 1.24 billion rupees ($15.22 million) for the three months ended Dec. 31, from 1.01 billion rupees a year earlier. Consolidated revenue for the company rose nearly 15 per cent to 11.46 billion rupees, “primarily driven by higher Paracetamol API sales in the US,” the company said in an exchange filing. “Opportunities in Paracetamol are likely to continue and our geography…

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Where are the safest places to travel in 2023? It depends on how you define ‘safe’

From catching Covid-19 to getting caught in a blizzard, traveling can be risky business these days. But just how risky often depends on the destination — and how you define the risks. Safest cities: people’s perceptions A report published by the U.K.-based insurance company William Russell ranked the “safest cities in the world,” according to people’s perceptions. On this list, which relied on perceived crime rates on the crowdsourced global database Numbeo, Asia and Europe dominated the rankings of “safest” cities. Taiwan’s Taipei scored the highest, while Buenos Aires, Argentina,…

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Amazon To Lay off 18,000 Employees

The online retail giant Amazon on Wednesday announced to lay off more than 18,000 employees from their workforce due to “the uncertain economy”.  The company also said that it hired rapidly during the pandemic.  The chief executing officer (CEO), Andy Jassy in a statement to his staff said that between the reductions they made in November and the ones they are sharing today, they plan to eliminate just over 18,000 roles. He further added, “We are working to support those who are affected and are providing packages that include a…

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Europe starts 2023 with historic winter heatwave; snow shortage forces ski resorts to close

Poland’s capital of Warsaw recorded temperatures of 18.9 degrees Celsius on Jan. 1; more than 5 degrees Celsius above the previous record set 30 years ago. Nurphoto | Nurphoto | Getty Images A winter heatwave smashed several national temperature records across Europe over the New Year’s weekend, prompting meteorologists to sound the alarm, while some ski resorts were forced to close due to an absence of snow. January temperatures reached an all-time high in several European states, with national records set in at least seven countries. Polish capital Warsaw recorded…

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Europe’s Energy Bill Touches $1 Tn, Marks Beginning Of Crisis

Europe has been hit by roughly USD 1 trillion in rising energy costs due to Russia’s war in Ukraine and the worst crisis in decades is just getting started. After this winter, the region will have to replenish its gas reserves with little to no deliveries from Russia, increasing competition for fuel tankers. Even with more liquefied natural gas import facilities coming online, the market is expected to remain tight until 2026, when additional production capacity from the United States to Qatar becomes available. That means no relief from exorbitant…

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Lumina Datamatics buys UK’s Sunrise Setting

Lumina Datamatics UK, a subsidiary of Indian publishing house Lumina Datamatics, has entered into a definitive agreement to acquire a controlling stake in UK-based Sunrise Setting Ltd.  The Brixham-based Sunrise Setting offers services to academic and other publishers including non-publisher organisations to produce more than 500 publications each year, the company said in a statement. Sameer Kanodia, Managing Director and CEO of Lumina Datamatics said the acquisition of Sunrise Setting deepens its commitment to current customers, and also fits with the company’s strategic growth plan. “Sunrise Setting customers will benefit…

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Inflation Eases In Europe As Energy Prices Fall

Inflation has eased in Europe for the first time in more than a year as energy prices have fallen from painful highs, but the double-digit rate remains near a record, robbing consumers of their purchasing power and prompting economists to predict a recession. The consumer price index in the 19 eurozone countries rose 10 per cent year on year in November, according to Eurostat, the European Union’s statistics agency. This was a decrease from 10.6 per cent in October and it was the first decrease since June 2021. The figure…

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Wipro To Set Up European Works Council For Employees

Wipro on Wednesday reached an agreement with employee representatives on setting up a European Works Council (EWC). The creation of an EWC follows a request by employees under an EU directive establishing the opportunity in companies with more than 1,000 employees across multiple European locations. This agreement builds upon a number of years of Wipro working with Works Councils at local and national level across several European countries, including Germany, the Netherlands, France, Sweden and Finland.  The development would mean that Wipro’s EWC will be the first to be established…

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Cost of educating doctors and nurses doubles in 10 years in India – ET HealthWorld

The average cost of producing a doctor or nurse went down across most parts of the world between 2008 and 2018, but almost tripled in China and doubled in India, a Lancet study shows. Despite this, the estimated expenditure per medical graduate in China at $41,000 is higher only than in sub-Saharan Africa and about 42% lower than in India ($70,000) against a global average of $114,000. The pattern was the same for nurses with the estimated expenditure per nursing graduate dropping across the world while it went up by…

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Wockhardt may sell domestic biz for ₹2k cr as part of rejig – ET HealthWorld

Mumbai: Pharma company Wockhardt is set for a major rejig soon, which could involve a complete sale of its domestic business. The deal size could be around Rs 2,000 crore, sources close to the development told TOI. Major drug makers including Cipla and Dr Reddy’s may consider buying the Mumbai-based company’s assets, the sources added. When contacted, Wockhardt’s founder-chairman Habil Khorakiwala said, “We are looking at getting a joint venture partner, which may involve an equity infusion.” However, he refused to disclose more details saying they were confidential. The valuation…

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