While a DFI will help banks derisk their loan portfolios, creation of a bad bank will clean up their balance sheets.
E-commerce buyouts: Mahindra, Godrej to leverage on physical stores.
The Maharashtra State Chemists and Druggists Association has called for a three-day token strike from October 16-18, to protest alleged harassment by the Food and Drugs Administration officials.
Fund managers said investors remained positive on the pharma manufacturing activity in India, which further strengthened during the Covid-19 period, on account of restrictions imposed on pharma imports from China.
Natures Basket's acquisition will make Spencer's Retail a national player, giving it access to the western parts of India through its 36 stores in prime locations in Mumbai, Pune and Bangalore.
Thanks to technological support provided by BlinkIN, a Bengaluru-based intelligent visual-assistance company, engineers in Wuhan were able to remotely install air ventilation systems in two hospitals in Wuhan, the epicentre of the coronavirus pandemic, reports Peerzada Abrar.
Unlike the race to buy airwaves by telecom companies, airports by infrastructure companies and city gas networks by energy companies, the race to develop super apps by consumer-facing companies in India has not brushed up against any regulatory issues. Officials at the ministry of electronics and information technology and at other regulators are happy they do not have to meddle in who among the Tata group, Reliance Industries Ltd, Flipkart or Paytm will manage to build an app that sweeps in customers. Unlike separate apps a customer uses on her mobile to order groceries, buy food or airline tickets or just make payments, a super app can perform all these functions.
The e-commerce firm recruited 18 post graduate students.
Only Hindustan Unilever and Nestl bucked the trend.
A sub-group has been formed to amend rules that govern safety standards at eating establishments
Recovery was largely driven by the European Union markets.
CII has also called for tax incentives for new health care projects and import duty relief for lifesaving equipment.
During his South Africa visit, Modi will meet President Jacob Zuma and also Cyril Ramaphosa, the deputy president.
In a statement issued on Thursday, the Lakshadweep Research Collective said it along with 60 other signatories from the scientific community have written to President Ram Nath Kovind seeking his intervention to withdraw the "incautious draft" Lakshadweep Development Authority Regulation of 2021.
In the week ended June 6, only 2.3 per cent of the households reported that their incomes were higher than a year ago. This was the lowest-ever proportion of households reporting an increase in income in any week, reveals Mahesh Vyas.
He said the migrants and poor people had great expectations after the prime minister's address to the nation, but sadly...
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
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