The Serum Institute of India (SII) had put in an application to the Drugs Controller General of India (DCGI) in October for grant of market authorisation of Covovax for restricted use in emergency situations.
Among other things, the buyer can spend a day watching his/her car being hand-assembled.
Rebound in IT majors TCS and Infosys in late trades helped markets end higher.
The government has signed an air services agreement based on 'Open Sky' principle with the US and another with the UK but not based on the said principle which has resulted in enhanced air seat capacity for foreign tourists.
Hinduja brothers have been ranked as Britain's richest Asians in 2014 with a total worth of 13.5 billion pounds, an increase of one billion pounds over the previous year.
Parliament's Budget session has been a washout since the beginning of its second part on March 13, with the BJP demanding an apology from Gandhi.
Citi Bank on Wednesday joined the list of foreign banks that have exited the retail banking business in India as the US-based banking giant announced selling its consumer banking portfolio to Axis Bank for an estimated Rs 12,325 crore. Global banking majors such as ANZ Grindlays, RBS, Commonwealth Bank of Australia have scaled down their operations in India. In a mega-deal announcement on Wednesday, Axis Bank and Citibank said their boards have approved acquisition of Citibank's consumer businesses in India by Axis Bank.
Extending Diwali greetings to everyone, Britain's newly-appointed Prime Minister Rishi Sunak has vowed that he will do everything to build a Britain where children and grandchildren can light their diyas and look to the future with hope.
Taking its first step towards becoming a global home textile company and to access the UK market
Many are turning to the lower end of the market among India's 1.2bn population where they expect rural incomes to be recession-proofed with government support.
The Securities and Exchange Board of India said on Thursday that India could soon become the "benchmark" for the capital markets elsewhere in the world because of the several far-reaching reforms, especially on risk management.
Global business management and software solutions company Sage Group has acquired London-based software services company Snowdrop systems for an enterprise value of 17 million pounds (about Rs 138.55 crore).
A family home in the leafy Hampstead neighbourhood of north London where Nobel laureate Rabindranath Tagore lived during a visit in 1912 is on the market, reviving some talk of its acquisition on behalf of the Indian government.
A few days ago, Reliance Retail surprised the market by acquiring the Campa brand from Delhi-based Pure Drinks Ltd for Rs 22 crore. A successful cola brand in the eighties, especially in North India, Campa Cola thrived when Coke exited India in the late seventies. When the Atlanta-based major returned and PepsiCo set base in India, it went down fighting.
Amid sustained weakness across categories, the Indian stock market remained below the trillion-dollar mark for the third consecutive day today, as the total valuation of all listed companies slipped further to $944 billion.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
Indian society may be more advanced than we think it is, notes Ajit Balakrishnan.
The BSE Mid-cap index gained 1.1% while the Small-cap index surged 1.3%, outperforming the benchmark indices
Kartar Lalwani, NRI, founder-managing director of Vitabiotics, a vitamin supplement company, was adjudged the Entrepreneur of the Year at a function in London on Tuesday night.
After a meeting of the Group of Ministers on coronavirus, the government has proposed a set of social distancing measures to be in force till March 31, the officials told reporters.
Country accounts for 38% of telco's global user base, 10% of total revenue
No let-up in selling by foreign investors amid profit-booking at higher levels.
The Reserve Bank's rate-setting panel will start its 3-day deliberations on Wednesday amid expectations of yet another rate hike of 50 basis points to check high inflation, in line with similar actions taken by other major central banks, including the US Fed. Based on the recommendations of the Monetary Policy Committee (MPC), the RBI had effected 50 basis points increase in repo rate each in June and August after raising the short-term lending rate by 40 basis points in an off-cycle decision in May. The MPC, headed by RBI Governor Shaktikanta Das, is scheduled to meet during September 28-30.
'The news about the new virus strain in the UK provided them with an opportunity to take money off the table.'
Double-digits salary hikes are making a post-pandemic comeback on the back of a buoyant business outlook in 2023, according to global professional services firm Aon. Aon's latest "Salary Increase Survey in India" has not only projected a 10.4 per cent average hike across sectors for 2023, but also identified actual hikes in 2022 at 10.6 per cent as against its previous projection of 9.9 per cent in February. The figure of 10.6 per cent is the highest since 2012, whereas the 10.4 per cent levels projected for 2023 were last seen in 2015.
Equity indices gave up early gains to close in the red for the third session on the trot on Wednesday, weighed by selling in banking and finance counters amid inflationary pressures and persistent foreign fund outflows. A weak rupee and lacklustre global cues also kept buying sentiment in check, traders said. The 30-share BSE Sensex opened on a firm footing but failed to hold on the momentum, finishing 237.44 points or 0.41 per cent lower at 58,338.93. On similar lines, the broader NSE Nifty dipped 54.65 points or 0.31 per cent to close at 17,475.65.
PSU bank shares were the top gainers on hopes of a rate by the RBI on easing consumer inflation
Friday's explosion on the London tube is the latest in a string of terror attacks in the United Kingdom in recent years. Here is a timeline of the terror that has unfolded in the UK.
Francis Mcauley, international director, Debenhams, a chain of department stores based in the UK, was recently in Delhi for the opening of the first Debenhams store in India. He speaks to Business Standard about the company's plans for the Indian market.
About 15 lakh small and medium businesses from India are using Facebook to reach out to customers.
As India goes into firming up trade deals with developed nations like Australia, the United Kingdom (UK) and the regional bloc, and the European Union (EU), it will have to be well prepared to negotiate on new-generation issues, such as data protection regulation, e-commerce, and environment. India is yet to negotiate pacts with its trading partners on these evolving issues since discussions between them have until now been largely focused on tariff and non-tariff barriers and the rules of origin. "We can no longer look at trade just as trade. We have to look at it in totality of global and regional conditions.
As India observes state mourning on Sunday over Queen Elizabeth II's death, many people questioned the decision after the government's attempts to remove 'symbols of slavery' by rechristening Rajpath and unveiling a new naval ensign drawing inspiration from Chhatrapati Shivaji.
Indian-origin Rishi Sunak, who will take over as Britain's prime minister from Liz Truss, on Monday promised 'stability and unity' as his priority.
Spectrum allocation for satellite services came up as a dominant theme at the launch of 36 communication satellites by OneWeb, a Bharti group venture, here on Sunday. Following the launch, Bharti Enterprises chairman Sunil Mittal, in a conversation with a group of reporters, reiterated that spectrum auction did not make sense in the case of satellite services. "This (satellite services) is not competing with mobile services where you can justify the auction.
Once stability returns to the secondary market, companies that have obtained approval from Sebi will start tapping the market.
The report forecasts that by 2020, four out of every five smartphone connections worldwide will come from the developing world.
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