Fresenius Kabi to pay $50mn fine for destroying records before FDA inspection
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The government alleges that prior to a January 2013 FDA inspection of the Kalyani facility, FKOL plant management directed employees to remove certain records from the premises and delete other records from computers that would have revealed FKOL was manufacturing drug ingredients in contravention of FDA requirements.
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. Updated: 10 Feb 2021, 12:26 PM IST PTI
As part of a criminal resolution, Fresenius Kabi Oncology Limited agreed to plead guilty to the misdemeanour offense, pay a criminal fine of $30 million, and forfeit an additional $20 million
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Reddit CEO backs WallStreetBets amid calls for stiffer moderation
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Sarah E. Needleman
, The Wall Street Journal
Chief of the social network whose users sparked GameStop stock-trading frenzy expresses confidence in its user-reliant model for policing speech
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Reddit Inc.’s role in the recent stock-trading frenzy has brought millions of new users to the social-media platform, its chief executive says, as well as scrutiny to the power of large communities online.
One of Reddit’s defining quirks is that it largely relies on users, instead of algorithms or armies of tech employees, to police speech. Those community moderators didn’t intervene when users in a forum called WallStreetBets egged on people to buy shares of heavily shorted stocks such as GameStop Corp. U.S. regulators are now probing whether the ensuing market upheaval resulted in securities-law violations.
Read more about Magma Fincorp Ltd leads gainers in A group on Business Standard. SKF India Ltd, Graphite India Ltd, Bajaj Electricals Ltd and MSTC Ltd are among the other gainers in the BSE s A group today, 08 February 2021.
Read more about Volumes soar at Poly Medicure Ltd counter on Business Standard. Poly Medicure Ltd clocked volume of 7.43 lakh shares by 14:14 IST on NSE, a 11.42 times surge over two-week average daily volume of 65077 shares
State Bank of India, Quess Corp Ltd, PSP Projects Ltd and Intellect Design Arena Ltd are among the other gainers in the BSE s A group today, 05 February 2021.
State Bank of India, Quess Corp Ltd, PSP Projects Ltd and Intellect Design Arena Ltd are among the other gainers in the BSE s A group today, 05 February 2021.
Bajaj Electricals Ltd surged 18.44% to Rs 909.5 at 11:48 IST. The stock was the biggest gainer in the BSE s A group. On the BSE, 1.22 lakh shares were traded on the counter so far as against the average daily volumes of 47329 shares in the past one month.
State Bank of India spiked 12.73% to Rs 400.3. The stock was the second biggest gainer in A group. On the BSE, 65.87 lakh shares were traded on the counter so far as against the average daily volumes of 31.8 lakh shares in the past one month.