MUMBAI: RBI said non-banks can issue prepaid payment instruments to commuters of transit services after its approval. Under the amended regulation, both banks and non-banks can issue rupee-denominated prepaid instruments that have a built-in automated fare collection application related to transit services, toll and parking. Sources said the norms apply mainly to National Common Mobility…
NEW DELHI: Zydus Lifesciences on Thursday said it has received approval from the US health regulator to market a generic medication to manage postherpetic neuraliga. The company has received final approval from the US Food and Drug Administration (USFDA) to manufacture and market Gabapentin tablets in strengths of 300 mg and 600 mg, respectively, Zydus…
NEW DELHI: The government on Wednesday approved setting up of a coal-to-SNG (Synthetic Natural Gas) project through a joint venture between Coal India and GAIL, and a coal-to-ammonium nitrate project through a venture between CIL and BHEL. The decision was taken at the meeting of the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime…
SOFIA: Bulgaria and Romania have received permission to join Europe’s passport- and visa-free Schengen Area starting in March, the governments of the two countries said. The move initially will apply only to travelers arriving by air and sea, while Austria has committed to continuing negotiations over the need for border checks when crossing from the…
