Business Standard

News digest: US pushes for softer data rules, Chinese unicorns, and more

Also, desi medical devices firms are gunning for global markets

RBI firm on data localisation; 80% of firms to comply by Oct 15 deadline
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US wants India to soften data rules

Two US senators have called on Prime Minister Narendra Modi to soften India’s stance on data localisation, warning that measures requiring it represent “key trade barriers” between the two nations. Read more...

USFDA approvals hit record high this year

The US Food and Drug Administration (USFDA) has granted the highest number of drug approvals in its history this year. The regulator has bettered the last year’s numbers with 971 approval actions this year, which include 781 final nods and 190 tentative go-aheads. Read more...

Desi medical devices firms gun

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