Around the Globe

Around the Globe

Mylan top executive engulfed in alleged price-fixing ring

A large group of US states accused key players in the generic drug industry of a broad price-fixing conspiracy, moving on Tuesday to widen an earlier lawsuit to add many more drugmakers and medicines in an action that sent some company shares tumbling.

Deadly Halloween attack in New York branded terrorism by authorities

An Uzbek immigrant accused of killing eight people in New York City by driving a rental truck down a riverfront bike path on Tuesday appeared to have acted alone, but the Halloween Day attack had all the hallmarks of terrorism, authorities said.

The suspect, who was shot by police and arrested moments after Tuesday’s rampage on the Lower West Side of Manhattan, left a note saying he carried out the attack in the name of the militant Islamic State group, the New York Times and CNN said.

Dhumal is BJP’s CM face for Himachal

With just nine days left for polling to take place in Himachal Pradesh, BJP president Amit Shah on Tuesday announced that 73-year-old veteran leader Professor PK Dhumal will be the party’s chief ministerial candidate in the hill state.

The name of Dhumal, who is just two years short of the party’s unofficial age bar, was announced by Shah at an election rally in the state where the Virbhadra Singh-led Congress government is facing massive anti-incumbency sentiment.

200 dead in tunnel accident at N Korea nuclear site

More than 200 people are feared to have died when a tunnel caved in at North Korea’s nuclear test site after its latest detonation, a Japanese news report said Tuesday.

A tunnel collapsed at Punggye-ri in early September, days after North Korea conducted its sixth and largest underground nuclear test on September 3, TV Asahi said, quoting unnamed North Korean sources.

Some 100 workers were involved in an initial collapse. Another cave-in occurred during rescue operations, leaving at least 200 people feared dead in total, the Japanese broadcaster said.

With Chandra at helm, Tata stocks on rising-spree

As the dust settled after the boardroom battle at Bombay House, stocks of Tata group companies have made smart gains as investors have given a thumbs-up to the changes at the top echelons of the multi-billion dollar conglomerate. The group companies have gained in the range of 30-229 per cent since January this year after N Chadrasekaran was designated as the chairman of the 150-year-old group (see table).

Two ex-Trump aides charged in Russia probe, third pleads guilty

Federal investigators probing Russian interference in the 2016 US election charged President Donald Trump’s former campaign manager Paul Manafort and another aide, Rick Gates, with money laundering on Monday

A third former Trump adviser, George Papadopoulos, pleaded guilty in early October to lying to the FBI.

It was a sharp escalation of US Justice Department Special Counsel Robert Mueller’s five-month-old investigation into alleged Russian efforts to tilt the election in Trump’s favor and into potential collusion by Trump aides.

Govt clears mega project to acquire 111 helicopters for Navy

In a major move, the defence ministry today approved procurement of 111 utility helicopters for the Indian Navy at a cost of Rs 21,738 crore.

The long-pending proposal was cleared at a meeting of the Defence Acquisition Council (DAC), chaired by Defence Minister Nirmala Sitharaman, official sources said.

They said 16 helicopters will be procured at a fly away condition while 95 will be manufactured in India.

The acquisition of the helicopters will be made under the strategic partnership model.

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