Latest news with #AbhayPandey
Time of India
25-06-2025
- Business
- Time of India
Haffkine to quiz 2 pharmaceutical firms for selling it ‘blacklisted' medicines for government hospitals in Maharashtra
Mumbai: Haffkine Bio-Pharmaceuticals procurement cell will be seeking explanations from two pharmaceutical firms after it came to light that medicines ordered for govt hospitals across the state in Feb had been declared "not of standard quality" and blacklisted by Employees' State Insurance Corporation (ESIC) just two months earlier. In Dec, ESIC issued a circular blacklisting specific drugs from seven pharmaceutical companies, citing test results that found these medicines to be of substandard quality and directing that no further orders be placed with them. However, Haffkine Bio-Pharmaceuticals placed large supply orders with two of the listed firms. This resulted in the procurement of nearly 21.9 lakh vials of Pantoprazole 40mg/10ml injection worth Rs 2.5 crore from Galpha Laboratories Ltd, and 88,650 tablets of Vildagliptin 50mg, along with Metformin Hydrochloride 1000mg worth nearly Rs 12.6 lakh, from Bajaj Healthcare Ltd. Pantoprazole is used to treat acid-related stomach issues such as ulcers and acid reflux, while Vildagliptin with Metformin is prescribed to manage type 2 diabetes by controlling blood sugar levels. Although Haffkine is no longer the primary authority for medicine procurement, it was granted permission to utilise the remaining Rs 131.6 crore to restock medicines at state-run hospitals through a Govt Resolution (GR). by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Memperdagangkan CFD Emas dengan salah satu spread terendah? IC Markets Mendaftar "The procurement process must be based on ESIC rate contracts as received on the e-Aushadhi platform," the GR stated. You Can Also Check: Mumbai AQI | Weather in Mumbai | Bank Holidays in Mumbai | Public Holidays in Mumbai A senior official at the procurement cell confirmed that they are looking into the matter. "We have been orally informed by ESIC that the issue pertained to specific batches. Nevertheless, we have sought written responses from the companies as well as from ESIC. These will be submitted to higher authorities, and payments to the companies will be withheld until a reasonable explanation is provided," the official said, but did not provide the amount of payments to be withheld. Abhay Pandey, of the All Food and Drug Licence Holders Foundation, who flagged the issue with medical education department officials, alleged that the existing rate contract was arbitrarily selected by Haffkine without verifying the blacklisting status of the companies or conducting additional tests on the medicines. Haffkine officials did not respond when asked whether random sampling of the procured products was conducted in accordance with the GR. Dr Shashi Kolnoorkar, state ESIC director (Medical), said the blacklisting order came from the Delhi headquarters and that appropriate action had been taken at the time. When asked whether the blacklisting applied to specific batches or constituted a complete ban on the medicines in question, he referred the query to the ESIC head office. Attempts were made to reach Dr Neeta Garbiyal, deputy medical commissioner at the ESIC head office, who had signed the blacklist circular, but she was unavailable for comment. File pic
Time of India
04-06-2025
- General
- Time of India
3 killed, 1 hurt as bus, car crash head-on
Lucknow: Three persons were killed and one got injured seriously when a car collided head-on with a passenger bus late Wednesday night in Bahraich. The accident took place near Nanpara Toll Plaza under Matera police station limits. The deceased and injured were all residents of Ayodhya. According to police, the incident occurred in Raghunathpur area when a car, carrying four individuals, crashed into a bus approaching from opposite direction. None of the bus passengers sustained any injuries. The car occupants, Ramkumar Yadav, resident of Pathan Tola, Abhay Pandey of Vaidehi Nagar Colony, Vivek Tiwari and Vinod Srivastava, were rushed to the district hospital in Bahraich by ambulance. Doctors declared three dead on arrival. Ramkumar Yadav, who survived critical injuries, was referred to Lucknow for advanced treatment. An investigation into the accident is underway. Lucknow: Three persons were killed and one got injured seriously when a car collided head-on with a passenger bus late Wednesday night in Bahraich. The accident took place near Nanpara Toll Plaza under Matera police station limits. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Most Hyped Tecno Pova Curve 5G Starts at 15,999 TECNO Mobile Book Now The deceased and injured were all residents of Ayodhya. According to police, the incident occurred in Raghunathpur area when a car, carrying four individuals, crashed into a bus approaching from opposite direction. None of the bus passengers sustained any injuries. The car occupants, Ramkumar Yadav, resident of Pathan Tola, Abhay Pandey of Vaidehi Nagar Colony, Vivek Tiwari and Vinod Srivastava, were rushed to the district hospital in Bahraich by ambulance. Doctors declared three dead on arrival. Ramkumar Yadav, who survived critical injuries, was referred to Lucknow for advanced treatment. An investigation into the accident is underway.
Yahoo
17-05-2025
- Science
- Yahoo
Seismic Waves From Intense Storms Can Ripple Through Earth's Core
Researchers have now 'heard' the echo of cyclones whirling ocean waters from all the way on the other side of our planet. Microseismic waves generated by interactions between the ocean and Earth's crust might be able to help us peer into otherwise hidden parts of Earth's geological structure, such as regions left shrouded by a scarcity of high-energy earthquakes in the North Atlantic. "Our research uses these microseismic phenomena as an alternative data source to study the Earth's structure beneath Australia," says seismologist Hrvoje Tkalčić from Australian National University. Intense storm activity like cyclones over the ocean produces acoustic energy strong enough to ring through the planet. By the time these vibrations pass through Earth's core though, they're incredibly subtle. So Tkalčić and fellow seismologist Abhay Pandey went searching for these seismic waves using sensitive spiral arrays of sensors located in extremely quiet, remote parts of Australia. "We combined data from multiple days to identify the regions where the signals were strongest, providing insights into the source and transmission of the seismic waves," explains Pandey. "The signals are tiny in amplitude and often below the observational threshold of a single sensor, requiring specific instrument designs to record them." The researchers were able to trace these signals back to the waters near Greenland and Newfoundland, stirred up by winter storms. "The Newfoundland basin is a significant and persistent source of microseisms observed on most days during the study period, which is likely linked to the movement of frequent cyclones during the winter months," Pandey and Tkalčić write in their paper. This new method of detecting signals through the Earth may also prove useful for exploration of alien worlds. "We live in the times of interplanetary voyages, and perhaps it is not far-fetched to say that in the not-so-distant future, we might be able to harness the energy of storms to complement the investigations of the interiors of planets and several moons upholding atmospheres," the researchers conclude. This research was published in Seismological Research Letters. New Theory Suggests Dark Matter Is Frozen Relics of Light-Speed Particles The End of The Universe Could Come 'Much Sooner' Than We Thought We Finally Know Why Ancient Roman Concrete Lasts Thousands of Years
Time of India
22-04-2025
- Business
- Time of India
A91 Partners closes its largest fund at $665 million
Homegrown venture capital firm A91 Partners has announced the close of its Fund-III at $665 million – making it the investor's largest ever fund. ET had first reported about A91 Partners' plan to raise capital in March 2024. The firm has backed the likes of Blue Tokai Coffee, Rare Rabbit, Paperboat and Atomberg. This is among the fastest scaleups in terms of fund size for a local investment fund amid. For its maiden fund in 2018, A91 Partners had raised $350 million, followed by a $550 million investment vehicle in 2021. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Asia's 50 Best: Gaggan Wins Again, Singapore Leads with Seven Portfolio Magazine Read More Undo Founded by former Sequoia Capital India (now Peak XV Partners ), partners Abhay Pandey, VT Bharadwaj and Gautam Mago, A91 Partners focuses on investing in companies across technology, consumer and financial services. 'We started A91 in 2018 with the following beliefs — patient capital will play an important role in accelerating value creation in Indian businesses across sectors. We also believed in the opportunity to create a world-class Indian investment firm — for founders who are aiming to build large enduring businesses from India. All these beliefs have been strengthened over the last six years,' A91 Partners said in a LinkedIn post. Live Events Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories The massive fund close by A91 Partners comes in the backdrop of several venture firms adding to their dry powder. Tech investor Accel India , an early backer of Flipkart and Swiggy, closed a $650 million fund in January. Venture capital firms continue to hold significant unallocated money from funds raised over the past two years. Early-stage investor Stellaris Venture Partners closed a $300 million fund in November 2024, while Peak XV Partners, Lightspeed Venture Partners, and 3one4 Capital also hold large reserves. Matrix Partners India (now known as Z47 ) had also closed a $550 million fund in 2023. This trend reflects broader dynamics in the Indian venture capital ecosystem. In 2024, Bluestone investor IvyCap Ventures, former KKR India CEO Sanjay Nayar's Sorin Investments and climate-focused Avaana Capital also announced sizable fund closures.
