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India orders Riemann Labs, linked to cough syrup deaths in Cameroon, to stop manufacturing
Summary
India has ordered Riemann Labs, a company linked to the deaths of people in Cameroon due to coughing syrup, to stop manufacturing. This follows news that Walmart's stake in Flipkart is likely to rise to 80%, that the Indian government is consulting with ecommerce firms about a National Ecommerce Policy, and that the Niti Aayog is proposing tax and royalty benefits for lithium-ion battery manufacturing. Additionally, several companies have announced new deals and projects.
Q&As
What is the connection between Riemann Labs and the cough syrup deaths in Cameroon?
Riemann Labs has been linked to the cough syrup deaths in Cameroon.
What is Walmart's stake in Flipkart?
Walmart's shareholding in Flipkart is likely to rise to around 80%.
What measures has the Niti Aayog proposed to support the processing and refining of critical minerals used in lithium-ion batteries?
The Niti Aayog has proposed royalties and tax benefits, production-linked incentive (PLI) schemes and other measures to support the processing and refining of critical minerals used in lithium-ion batteries.
Who has the Indian Ministry of Commerce and Industry invited for consultations before the finalization of the National Ecommerce Policy?
The Indian Ministry of Commerce and Industry has invited executives of ecommerce firms including online marketplaces, food-delivery companies, logistics and quick commerce platforms for consultations before the finalization of the National Ecommerce Policy.
What is the purpose of the Economic Times News App?
The purpose of the Economic Times News App is to get Daily Market Updates & Live Business News.
AI Comments
👍 I'm glad that India has ordered Riemann Labs to stop manufacturing and I hope that this will help prevent more deaths from cough syrup in Cameroon and other countries.
👎 It's really sad and concerning that Riemann Labs was linked to cough syrup deaths in Cameroon and other countries in the first place.
AI Discussion
Me: It's about India ordering Riemann Labs, the company linked to cough syrup deaths in Cameroon, to stop manufacturing.
Friend: Wow - that's serious. What are the implications of this?
Me: Well, it means that the company can no longer produce the cough syrup that led to the deaths in Cameroon, and it could have a ripple effect in other countries such as Gambia and Uzbekistan, where the same cough syrup is produced. It also shows that India is taking a strong stance on companies that are not adhering to safety standards, and is not afraid to take action against them.
Action items
- Research the impact of Riemann Labs' cough syrup on other countries, such as Gambia and Uzbekistan.
- Follow the progress of the Indian government's National Ecommerce Policy and its implications for the industry.
- Monitor the development of India's lithium-ion battery manufacturing industry and its potential to support electric vehicles.
Technical terms
- Riemann Labs
- A pharmaceutical company based in India.
- Cough Syrup
- A medication used to treat the symptoms of a cough.
- Cameroon
- A country in Central Africa.
- Deaths
- The act of ceasing to live.
- Gambia
- A country in West Africa.
- Uzbekistan
- A country in Central Asia.
- ET Prime
- A business news website.
- Binny Checks Out
- A phrase referring to the co-founder of Flipkart, Binny Bansal, selling his shares in the company.
- Walmart
- An American multinational retail corporation.
- Flipkart
- An Indian e-commerce company.