BUSINESS
Bharti Airtel gets approvals for 100% FDI in subsidiaries
In a regulatory filing, the company said that it is initiating the process to revise its foreign investment limit, as notified to its depositories, to 100 per cent with immediate effect.
RBI imposes Rs 2 cr fine on Deutsche Bank AG
An RBI statement said that the action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
India second highest contributor for IBM patents in 2020
The scientists and researchers received 9,130 US patents in 2020, the most of any company, marking 28 consecutive years of IBM patent leadership. IBM led the industry in the number of Artificial Intelligence (AI), cloud, quantum computing and security-related patents granted.
Bharat Biotech inks deal to supply Covaxin to Brazil
A team from Precisa Medicamentos visited the Bharat Biotech facility here last week to discuss potential export possibilities of Covaxin, India's first indigenous vaccine for Covid.
DGGI issues show-cause notice to Amazon over 'wrong' ITC claim
The GST intelligence arm has raised a demand of Rs 175 crore, sources said. An investigation by DGGI has found calculation errors made by the e-commerce company.
Retail inflation down to 4.59% in Dec 2020
The data released by the Ministry of Statistics and Programme Implementation showed that the easing of the Consumer Price Index (CPI) came on the back of a decline in food prices.
India's industrial production contracts 1.9% in November
The overall decline in industrial production came on the back of a shrink in mining and manufacturing activity. Sector-wise mining and manufacturing output witnessed de-growth of 7.3 per cent and 1.7 per cent, while electricity output grew by 3.5 per cent in November 2020.
China may nationalise Jack Ma's Alibaba and Ant Group: Reports
This development has come at a time when the Chinese government is initiating an investigation against Ant Group. On January 24, Jack Ma had delivered a speech in which he criticised the Chinese bureaucratic system. He alleged that it stifled innovation and equated banking regulations with an "Old people's club".
Union Budget 2021: 10 interesting points about history, significance of Budget making in India
The Budget for the upcoming fiscal year is likely to reflect the government’s idea of “Atmanirbhar Bharat”. An Economic Survey is presented by the Chief Economic Advisor before the Budget is presented. “Budget” is a financial plan of the government for the upcoming fiscal year. In easy words, Budget is the projection of the government's expected revenue and expenses including the allocation of money to different plans based on need and importance.
Petrol, diesel prices hold even as crude remains strong
Petrol and diesel prices had increased on two successive days last Wednesday and Thursday taking gasoline to record high levels in Delhi while keeping its prices very close to record high levels in other metro cities. The rise came amid rising crude oil prices. Currently, Brent crude price is high near the $56-per-barrel mark.
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