Drones are coming: Maharashtra govt ties up with Zipline to deliver medicines
It is part of the state government’s vision of using drone delivery to establish universal, seven-days-a-week access to life-saving and critical medicines for each of its 120 million citizens over the coming years.
AHEL to seek shareholders’ nod to hive off pharmacy business
In November 2018, Apollo Hospitals had said, to capitalise on the huge growth opportunity and to give greater focus, it had decided to restructure its pharmacy business.
Mutual Funds remain cautious over NBFC debt instruments
In August last year, mutual funds had invested around Rs 2.48 lakh crore in both CPs and corporate debt issued by NBFCs. Debt funds had an overall exposure of 13.6% towards NBFC debt in August 2019, as against 16.86% in Augus
Vegetable oil imports rise 5 pct in August
In response to a petition filed by the SEA, the government imposed 5% safeguard duty on RBD Palmolein/Palm Oil of Malaysian origin wth effect from September 4, 2019.
Altico lenders meet to discuss signing of inter-creditors agreement
The meeting of the consortium of lenders follows Altico Capital's interest payment default to the tune of Rs 19.97 crore on a Rs 340-crore external commercial borrowing by Mashreq Bank on September 12.
Relative weightage of India in MSCI Emerging Market Index may reduce: Arindam Chanda, CEO, IIFL Securities
The credit growth is decelerating across private banks and NBFCs and rate cuts are yet to have an impact.
Crude shock: Shares of oil marketing companies fall up to 7.04 pct
Shares of Bharat Petroleum Corporation was the worst performing stock in the BSE Oil & Gas index and closed at Rs 380.10, down by 7.04% or Rs 28.80.
Rupee tumbles 67 paise as crude oil prices soar
Oil prices are important as India imports more than 80% of its oil and around two-thirds of that come from the Middle East, according to the Bloomberg data.
One step closer: Talks with online food aggregators progressing well, says NRAI
Last month, NRAI had shot off letters to food delivery platforms Swiggy, Zomato, Uber Eats and Foodpanda expressing concern over “predatory market practices” resorted to by them.
Symbo launches fitness cover for football enthusiasts
Symbo has also partnered with artificial playgrounds such as Kick (A Team Sports) and Score, as well as aggregators such as Playo where the covers will be available soon.
Investcorp to buy ticketing software solutions provider Vivaticket
Earlier this year, Investcorp had acquired the private equity and real estate investment management businesses of IDFC Alternatives, which was a subsidiary of IDFC.
IL&FS: Government challenges stay on BSR & Associates in SC
Due to the stay, the NCLT on September 5 adjourned the hearing on the ministry's petition seeking a five-year ban on former IL&FS auditors, including Deloitte Haskin & Sells.
General Motors to transfer 1,300 staff to TCS for global vehicle engineering programme
Over 1,300 employees of GMTC-I will move to TCS, including teams focused on propulsion systems, vehicle engineering, controls development, testing, creative design and special projects.
Electric vehicles: Tamil Nadu seeks first-mover advantage with new policy
Companies which invest a minimum of Rs 50 crore in the EV space and provide direct employment to a minimum of 50 people will get 100% refund of SGST till 2030, provided they make and sell electric vehicles in the state.
Electronics Manufacturing: Ravi Shankar Prasad sets up task force to facilitate investments
To this effect, Prasad instructed his ministry to set up an institutionalised mechanism in the form of a task force that would regularly interact with the industry, take their suggestions and address concerns.
Bhushan Power: NCLAT declines to pass order on JSW Steel’s plea
hile the deadline of October 5 for implementing the plan still stands, the appellate tribunal said it may dispose of JSW Steel’s appeal in the next hearing slated on October 14, 2019.
Trade wars: Modi, Trump may soon clinch a deal
“We are in dialogues with the US on a number of issues and as we firm up the specifics, we will inform you once the Prime Minister (Narendra Modi) and the US President sit down and finalise...We have an open mind and with a
Renewable Power Projects: Clear energy dues, MNRE tells states
At July-end, combined dues of discoms to 26,725 MW of renewable energy projects, which submitted the relevant data to the Central Electricity Authority, was Rs 9,736 crore.
CAT 2019: Tutorials to understand format will be available on the site from October 16
The tutorials to understand the format of the test will be available on the CAT website from October 16, 2019, onwards.
In The News
Netflix’s partnership with Karan Johar's Dharmatic Entertainment is for creating fiction and non-fiction series and films.
Usha Martin’s Prashant Jhawar resigns
“I have been raising red flags for a while now, and all of my warnings have fallen on deaf ears,” Prashant Jhawar said in his letter.
PNB, UBI, OBC merger: Six months needed for HR and IT integration
An “Interactive Meet” was organised here on Saturday with the Kolkata-based field functionaries of UBI, PNB & OBC. Customers of the three banks also attended the meet.
Growth is a continuous process…if some are hurt, govt will find a solution: Mahendra Nath Pandey
Growth is a continuous process. Sometimes taking more money and sometimes taking less from the Reserve Bank of India (RBI)... it’s a process, says Mahendra Nath Pandey.
Existing export policy to be replaced with Rs 50,000 cr scheme, all you need to know
The existing remission of central and state levies scheme, meant for just garments and made-ups exports, will also be subsumed by the new scheme called Remission of Duties and Taxes on Export Product.
Good news for homebuyers! Stuck housing projects to get Rs 10,000-crore lift
The new fund will have an NIIF-like structure where the government will contribute half of the corpus and other investors, including foreign ones and domestic financial institutions like LIC, will do the rest.
Haryana wants IL&FS entities to run Gurgaon Rapid Metro till early December
Huda sought direction from the court to the subsidiaries that their 90 day period should start from September 6 instead, when the handover plan was approved.
Altico downgrade: MFs to create segragated portfolio
The data from Value Research show that mutual funds have an exposure of Rs 537.67 crore in Altico Capital India as of August 2019.
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BUDGET 2019
- Budget 2019: Central govt to contribute 14% to NPS, employees to get 80C benefit on Tier-II deposits from April 1
- Budget 2019: Hike in import duty may dampen the gold rush
- Budget 2019: More power to villages; Rs 2 lakh crore allocated to Panchayats in five years
- Budget 2019: Healthcare sector expects hike in exemption limits for health checkup, medical reimbursement
