More than 100 pharmaceutical companies in India have failed quality tests for their cough syrups, revealing the presence of toxins linked to the deaths of over 141 children in Gambia, Cameroon, and Uzbekistan. The Indian government has implemented stricter manufacturing standards and is enhancing export certification processes to address concerns about the quality and safety of its pharmaceutical products.
The Indian government is establishing a National Test House (NTH) as the apex certification body for all Indian products. This move comes in response to a series of export order rejections due to sub-standard quality. NTH will ensure products meet global standards and will be responsible for certifying food, spices, organic products, and more.
A Hyderabad resident recently discovered fungus and a gaping hole on a Cadbury Dairy Milk chocolate bar, despite the product not yet reaching its expiry date. The incident has sparked outrage on social media, with many users criticizing the degraded quality of the chocolate and urging consumers to file complaints with authorities. Cadbury has acknowledged the complaint, expressing regret over the unpleasant experience but has yet to provide further updates. This latest incident follows previous reports of unsafe food products, including Cadbury Dairy Milk chocolates, raising concerns about the quality and safety standards maintained by FMCG companies.
Boeing reported its first quarterly revenue decline in seven quarters, but managed to surpass lowered Wall Street expectations following a mid-air cabin door blowout that prompted a slowdown in the production of its best-selling jets. The company’s cash burn rate in the first quarter was $3.93 billion, better than the average analyst estimate of $4.49 billion. Despite the financial challenges, Boeing’s shares rose in volatile premarket trading after its loss per share came in narrower than projected.
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