BUSINESS
Bucking the pandemic: India on way to become world's pharma hub
The government's focus on supporting the growth of the domestic pharma sector amid the pandemic couldn't have been timed better, say sector stakeholders. Last month, the government had approved a production-linked incentive (PLI) scheme for the pharmaceutical sector, entailing an outlay of Rs 15,000 crore.
Disappointed as a minority shareholder: Cyrus Mistry on SC judgement
"As a minority shareholder of Tata Sons, I am personally disappointed by the outcome of the judgement with respect to our case," Mistry said in a statement. "Although I will no longer be able to influence the direction of governance of the Tata group directly, I hope that the issues I have raised will cause deeper reflection and influence the individuals concerned to catalyse change. I sleep with a clear conscience," he added.
Petrol prices down 19-22 paise across metros
Prices of the transportation fuel declined in the range of 22-19 paise across the four metros. In the national capital, petrol was sold for Rs 90.56 per litre, 22 paise lower than the previous level of Rs 90.78. In the other key cities of Mumbai, Chennai and Kolkata, the fuel was priced at Rs 96.98, Rs 92.58 and Rs 90.77 per litre, respectively, against the previous levels of 97.19, Rs 92.77 and Rs 90.98.
Sensex zooms 800 points; banking, metal stocks surge
Healthy buying was witnessed in the banking, metal and finance stocks. The top gainers on the Sensex were NTPC, ONGC and Hindustan Unilever, while the only losers were Mahindra & Mahindra and Maruti Suzuki India.
China's coal generation rises, India sees a decline: Study
Globally there was a record fall in coal generation in 2020, which was mirrored in India and other top coal power countries. China is now responsible for more than half (53 per cent) of the world's coal-fired electricity.
Banks to conduct special clearing of govt cheques on Mar 31
In a notification to all scheduled banks along with small finance banks and the National Payments Corporation of India, the central bank said that it is mandatory for all banks to participate in the special clearing operations on March 31, 2021.
Indian media & entertainment industry may grow by 25% in 2021: Report
Titled 'Playing by new rules', the report said that with its current trajectory, the M&E sector in India is expected to reach Rs 2.23 lakh crore ($30.6 billion) by 2023 at a CAGR of 17 per cent. Digital media and online gaming were the only segments that grew in 2020 adding an aggregate of Rs 2,600 crore. Other segments have de-grown by an aggregate of Rs 46,700 billion.
Suez Canal blockade: Exporters' bodies to identify cargo for priority movement
This route is used for Indian exports or imports worth $ 200 billion to and from North America, South America and Europe. It includes petroleum goods, organic chemicals, iron & steel, automobile, machinery, textiles and carpets, handicrafts including furniture, leather goods among others.
US proposes action against India's equalisation levy
A statement from the office of the USTR said that in January it was found that digital service taxes (DST) adopted by Austria, India, Italy, Spain, Turkey, and the United Kingdom were subject to action under Section 301 because they discriminated against US digital companies, were inconsistent with the principles of international taxation, and burdened US companies.
SP Group's exit from Tata Sons still hangs on fire
Although the top court on Friday allowed all the appeals of the Tata Group and dismissed the appeal of the SP Group, it did not decide on the prayer of the latter for its exit from Tata Sons in lieu of "fair compensation", leaving the matter unresolved.
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