
Raid at Delhi flat uncovers Rs 1.3 crore stockpile of asthma, diabetes & paid relief meds
The raid was conducted following a tip-off from the department's intelligence cell regarding the sale and storage of drugs at an unlicensed premises. The person present at the location failed to produce a valid licence or purchase records for the stocked drugs, the department said.
'Therefore, these drugs were considered of doubtful quality,' said the official.
The drug inspectors have collected samples of a few drugs to ascertain their quality and sent them for testing.
Specimen samples of these drugs have also been collected at random to check their genuineness from their respective original manufacturer.
An official said the accused admitted that he was operating this business from his residential premises for the past two months, without maintaining any purchase and sale records.
'Further investigation is on to trace the supply chain and other persons involved to launch prosecution against the offenders,' said the official.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
25 minutes ago
- Time of India
Future Generali India Insurance targets Rs 10,000 crore gross written premium by 2030
Synopsis Future Generali India Insurance (FGII) plans significant growth. The company targets over Rs 10,000 crore in gross written premium by 2030. FGII anticipates a 13-15 percent annual growth. Central Bank of India's stake acquisition will boost expansion. FGII will focus on bancassurance and underpenetrated insurance sectors. Health and motor insurance will remain key.

Economic Times
25 minutes ago
- Economic Times
Jio Financial Services to get Rs 15,825 cr fund infusion from promoters
Jio Financial Services board on Wednesday approved fund infusion of Rs 15,825 crore through preferential issue of convertible warrants to members of the promoter group. ADVERTISEMENT Jio Financial promoters, including the Ambani family and different group holding entities, together own 47.12 per cent of the company. Post preferential issuance, promoter group holding would go up to 54.19 per cent. The board in its meeting on Wednesday approved raising of funds through issuance of up to 50 crore warrants for cash at a price of Rs 316.50 per warrant convertible into one fully paid-up equity share of the company of face value of Rs 10 each at a premium of Rs 306.50 each aggregating up to Rs 15,825 crore by way of preferential issue on a private placement basis to the two promoter entities, it issue, Sikka Ports & Terminals Ltd holding in the company would increase from 1.08 per cent to 4.65 per cent while Jamnagar Utilities and Power Private Ltd holding would more than double from 2.02 per cent to 5.52 per cent, it said. ADVERTISEMENT Jio Financial Services Ltd (JFSL) reported a 4 per cent increase in consolidated net profit to Rs 325 crore in the first quarter ended June 2025, as against Rs 313 crore in the same quarter a year ago. The company's total income rose to Rs 619 crore as against Rs 418 crore in the June quarter of the previous year. ADVERTISEMENT During the period, interest income doubled to Rs 363 crore as against Rs 162 crore in the same quarter a year expenses increased significantly to Rs 261 crore from Rs 79 crore in the same quarter of last year. ADVERTISEMENT JFSL, in the quarter, acquired 7.9 crore equity shares of Jio Payments Bank Limited (JPBL) from State Bank of India, representing 14.96 per cent of equity share capital of JPBL for Rs 104.54 crore. Consequently, JPBL has become a wholly-owned subsidiary effective from June 18 2025. Exceptional item represents the excess of fair value gain on remeasurement of investment in JPBL of Rs 439.16 crore over the goodwill of Rs 410.59 crore relating to this acquisition, it said. ADVERTISEMENT Jio Financial Services, carved out from Reliance Industries Ltd, is engaged in the business of investing and financing, insurance broking, payment bank and payment aggregator and payment gateway services. (You can now subscribe to our ETMarkets WhatsApp channel)
&w=3840&q=100)

Business Standard
25 minutes ago
- Business Standard
Happiest Minds tightens skill scrutiny as attrition climbs to 18.2%
Mid-tier IT services firm Happiest Minds is relooking at its talent base and employee skill sets with greater scrutiny, even if it means letting go of some of its workforce. This comes amid a more uncertain demand environment, with industry giants like Tata Consultancy Services (TCS) deciding to lay off 12,000 people due to their inability to reskill. 'We are relooking at our own skill sets, the incongruencies between demand and skill sets by talking to people because they would not want to stick on where there is nothing for them to do or there is no project,' managing director Venkatraman Narayanan told Business Standard during an interaction after the company announced its first quarter results. That means the company is asking some of its people to leave if their skill sets do not match requirements or if they are reluctant to upskill. When asked if that is one of the reasons why the company's attrition rose to 18.2 per cent in the first quarter, from 16.6 per cent sequentially, Joseph Anantharaju, co-chairman and chief executive officer, said it is a 'mixture' of a couple of factors. 'We are re-evaluating our people during the training and evaluation process and they may just feel this is not something that's cut out for me and move on. We don't really capture that data separately. We've been a little stringent on our evaluation for the last three years,' he added. Happiest Minds had 6,523 people as of June 30. While conducive business environments earlier gave companies the leeway to carry a big bench or excess capacity, that factor has now been thrown out of the window as enterprises go all out to control costs and protect margins. 'Now I think is a time when you can really relook your talent base. We're doing some of that. So all of this is contributing. At the same time, we are very cognisant that we need to keep this number (attrition) maybe 2–3 percentage points lower. And you know, we're looking at various people engagement activities to keep people engaged and bonded,' the CEO explained. The company's total income rose 18.5 per cent to Rs 57,993 lakh for the first quarter, from the same period a year earlier. Profit after tax was up 12 per cent to Rs 5,713 lakh in the same comparable period. Revenue on constant currency was up 17.5 per cent, and the company said it was on track to clock double-digit growth this fiscal. The company is also focusing on large deal accounts by pushing the boundaries of its engagement with clients. As part of the move, smaller accounts — with revenue of $2–3 million — would be pushed to generate about $5 million, while accounts yielding $5–10 million will be pushed to the $20 million category. It has identified 20–24 customers across six verticals out of its base of 281, which are being classified as large accounts, having revenue potential of about $20 million. IT companies have been saying that demand from clients is changing, making it imperative to adapt to evolving skills in artificial intelligence (AI), generative AI (Gen AI), agentic AI, and cybersecurity. If not, involuntary separation becomes necessary as companies seek to rein in costs.