DICV enters used truck business with BharatBenz Exchange: Key benefits listed!
Experts at BharatBenz will support used vehicle buyers (both individuals and companies) with a wide range of options suitable to their application. They will also provide the right AMC and extended warranty options for their
Covid-19 Impact: Uber yet to see recovery of its mobility business in India
Globally, Uber has slashed around 6,700 jobs but has resumed fresh hiring for select job profiles. Talking about mobility in general, the workday commute is back and markets like Hong Kong, New Zealand and Sweden have seen
Seed war? Centre alerts states about unsolicited parcels
The agriculture ministry’s missive to states on August 6 followed similar advisories issued by the US department of agriculture (USDA) and other agencies recently.
No harassment: Govt to soon bring in taxpayers’ charter, says Nirmala Sitharaman
Highlighting several steps taken by the government to protect honest taxpayers from unnecessary harassment, the minister said only a very few countries, such as Australia and the US, currently have such charters in place.
AGR dues: Vodafone Idea to raise funds after clarity from Supreme Court
The company is looking for a 15-20 year period to clear the dues. The SC has reserved its order in the matter
Covid-19 vaccine: Serum Institute to receive $150 million support from Gates Foundation
Coronavirus vaccine: SII, owned by the Pune-based Poonawalas, is the world’s largest vaccine manufacturer by volume and is working on multiple Covid-19 vaccines.
RBI sets up 5-member panel under KV Kamath to assist in loan recasts
Diwakar Gupta and TN Manoharan will be part of committee after they complete their terms in their respective organisations.
India is Zoom’s second-largest market after US: CEO Eric Yuan
The US-headquartered company, which offers 40 minutes of free video calling, has 21 offices globally, including India, UK, and Japan.
Rural jobs scheme won’t face any funds constraint, Centre tells MPs
Already half of the estimated 300 crore persondays for the whole year were created in the first four months of the current fiscal.
Franklin Mutual Fund’s six shut schemes receive Rs 4,280 crore since closure
As on July 31, 2020, while two schemes were already cash positive, the borrowing levels in other schemes continued to come down steadily.
‘Will have to shut down’: SEZ-based solar manufacturers oppose basic customs duty on import of solar cells
If the BCD is imposed, those in the domestic tariff area who buy cells and modules from the SEZ units will have to pay the duty under the 2005 SEZ Act.
Aurobindo Pharma working on Covid vaccine shortlisted for funding by BIRAC
The research is part of its initiative to develop a wide range of viral vaccines and it has identified four products for development, including one for treating Covid-19, at its centre in Pearl River, New York.
Markets end flat, post weekly gains – How Nifty, Sensex performed this week
According to a report by Motilal Oswal Institutional Equities, valuations of Nifty Midcap stocks have shot up and they are trading at 20.8 times price earnings ratio, the same at Nifty.
India’s forex reserves increase by $11.9 billion to hit $534.5 billion
Movement in the FCA occurs mainly on account of purchase or sale of foreign exchange by the RBI, income arising out of the deployment of foreign exchange reserves, external aid receipts of the government and revaluation of as
Consumer confidence plummets to all-time low in July: RBI Survey
However, the future expectations index (FEI) charted back into the positive territory, indicating signs of recovery for the year ahead.
Despite several deadlines, 70% of restaurants in South Delhi haven’t renewed health trade licences
NRAI has also sought clarity from the North Delhi Municipal Corporation and NDMC on their extension programme, Goyle added.
WhiteHat Jr buy to help Byju’s speed up global expansion plans, boost offerings portfolio
A little over a month after Byju’s raised fresh funds that valued it at $10.5 billion, the Bengaluru-based company acquired WhiteHat Jr in a $300 million all-cash deal.
M&M profit plunges 96%, company to keep investing in successful business, says Anand Mahindra
MD and CEO Pawan Goenka said the quarter was much better compared with the expectations as the demand was robust and production ramp-up has also happened better than what was expected.
Sobha’s Q1 net profit plunges 86% to Rs 7 crore as Covid hits business
The Bengaluru-headquartered company’s consolidated total income fell 61% Q-o-Q to Rs 359 crore in the April-June quarter.
SEA estimates oilseed production at 251 lakh tonne, up 3%
According to SEA’s estimates, the area under kharif and rabi oilseeds crop for 2019-20 has marginally increased to 260.07 lakh hectare, from 258.45 lakh hectare last year.
Tube Investments to pick up controlling stake in troubled CG Power for Rs 700 crore
The warrants will be convertible into equivalent number of equity shares at the option of TII within 18 months from the allotment.
Markets give thumbs up to RBI policy, Sensex surges 362 points
The Nifty Bank closed the day at 21,642.6. It, however, continued to underperform the broader markets. Since the start of the week, Nifty Bank has risen by 2.7%, compared with 2.8% for the Nifty.
Cargill invests $15 million to set up plant in Pune for cattle supplements
Cargill has opened a high-pressure hydrogenation plant in Kurkumbh, Pune
Embassy REIT posts marginal rise in operating income to Rs 457 cr
The company’s net operating income margin stood at 88%, up 400 basis points y-o-y, reflecting efficiencies of scale and rigorous expense management.
‘Balanced trade’: Piyush Goyal wants FTA to be tweaked to lower trade deficit with Japan
Commerce and industry minister Piyush Goyal addressed a virtual seminar for Japanese companies looking to invest in India.
AGR dues widen Vodafone-Idea’s loss to Rs 25,467 cr; telco lost more than it made in last 2 quarters
Vodafone Idea on Thursday once again posted one of its biggest losses during the April-June quarter at Rs 25,467 crore, largely weighed down by its adjusted gross revenue dues.
RBI grants banks one-time window to recast loans in sectors under stress due to Covid
RBI said that the expert committee would have the responsibility of vetting the resolution plan of all accounts where the aggregate exposure is Rs 1,500 crore and above.
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Budget 2020
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- Budget 2020: Chidambaram slams Modi govt; says economy close to collapse, unemployment making India poorer
- Budget 2020: How ESOP tax changes will benefit start-up employees
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