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IRDAI approves Axis-Max Life deal

IRDAI approves Axis-Max Life deal

Finance
The Insurance Regulatory and Development Authority of India (IRDAI) has approved Axis Bank’s proposal to acquire 12% stake in Max Life along its subsidiaries Axis Capital and Axis Securities, Max Financial said in a statement on Wednesday. As per the proposed transaction, Axis Entities have the right to acquire up to 19% stake in Max Life, of which, Axis Bank proposes to acquire up to 9%, and Axis Capital Limited and Axis Securities Limited together propose to acquire up to 3% of the share capital of Max Life in the first leg of the transaction. In addition, Axis Entities have the right to acquire an additional stake of up to 7% in Max Life, in one or more tranches, which they intend to acquire over the course of the next few years. As per terms of the original deal Axis Bank in April 2020...
Australia approves AstraZeneca vaccine for use; rollout to start next week

Australia approves AstraZeneca vaccine for use; rollout to start next week

World
Feb. 16 (UPI) -- Australia's medical regulator on Tuesday approved use of the COVID-19 vaccine developed by AstraZeneca and Oxford University as the country plans to begin inoculating its citizens against the coronavirus next week. The Therapeutic Good Administration announced Tuesday that the two-dose vaccine regimen has been registered for use for those 18 years old and older. Advertisement "The TGA, from a regulatory perspective, has reviewed all the available evidence and determined that the AstraZeneca vaccine can be safely administered 4-12 weeks apart," the regulator said. "The TGA has rigorously evaluated all clinical trial data and information provided by AstraZeneca, and has issued provisional approval." Prime Minister Scott Morrison told reporters Tuesday that the initial suppl...
South Korea approves AstraZeneca COVID-19 vaccine for all adults

South Korea approves AstraZeneca COVID-19 vaccine for all adults

World
SEOUL, Feb. 10 (UPI) -- South Korea granted its first approval of a COVID-19 vaccine to AstraZeneca, allowing the two-shot regimen to be administered to all adults, including the elderly, the country's Ministry of Food and Drug Safety announced Wednesday. The vaccine, developed by the British-Swedish pharmaceutical giant and Oxford University, is being manufactured in South Korea by contract with local firm SK Bioscience. Advertisement The approval came with a warning, however, that consideration is needed when administering the vaccine to individuals over 65 years of age due to limited data from that demographic in clinical trials. "Approval has been granted but we wanted to include language that physicians should carefully consider the benefits and risks when administering [the vaccine]...

Morocco approves use of AstraZeneca COVID-19 vaccine

World
Morocco has approved the emergency use of the AstraZeneca COVID-19 vaccine, jointly developed with the U.K.’s Oxford UniversityByThe Associated PressJanuary 6, 2021, 9:40 PM• 1 min readRABAT, Morocco -- Morocco has approved the emergency use of the AstraZeneca COVID-19 vaccine, jointly developed with the U.K.’s Oxford University.The country’s Health Ministry said Wednesday that the Serum Institute of India in under contract from AstraZeneca to make the shots.Last month, the Moroccan government announced it had ordered 65 million doses of COVID-19 vaccines from China’s Sinopharm and Britain’s AstraZeneca. The country of 35 million people has not yet received the vaccines.Approval of Sinopharm’s vaccine is under review by Morocco’s regulators and is expected to be granted in the coming days....
State Department approves $128.1M aircraft sale to Kazakhstan

State Department approves $128.1M aircraft sale to Kazakhstan

Business
Dec. 24 (UPI) -- The State Department approved a possible $ 128.1 million deal this week to sell three King Air Scorpion aircraft to Kazakhstan, according to the Defense Security Cooperation Agency. The DSCA delivered the notification of sale to Congress earlier this week. Advertisement The deal would fulfill a request from Kazakhstan's government to buy three aircraft, three Raytheon AST TITAN Communications Intelligence Sensor Suites and three WESCAM MX-15HDi Elector Optical Infrared Turret Electro Optical Infrared Sensors. If the deal goes through the United States would also provide spare parts and technical and logistical support services, including technical documentation and training. "This proposed sale will support the foreign policy goals and national security objectives of the ...