BUSINESS
Centre starts onion procurement at Rs 2,410 per quintal to protect farmers' interests: Piyush Goyal
"NCCF and NAFED had started the sale of onions at subsidised rate of Rs 25 per kg to consumers across the country on Monday. Today, a further boost will be given. Both consumers and farmers are precious for us. I urge the farmers to not worry, and sell their produce at good price," Goyal said in a press conference.
Spike in US bond yields impacting capital flows to emerging markets like India
One, the resilient US economy is supporting global growth and global equity markets; this is a positive. Two, the sharp spike in US bond yields (the 10-year yield at 4.34 per cent is the highest since 2007) is impacting capital flows to emerging markets like India; this is a negative for Indian markets, V. K. Vijayakumar said.
Global uncertainty, domestic disruptions to keep inflation high for coming months: Economic review
The review noted that the government has already taken pre-emptive measures to restrain food inflation which, along with the arrival of fresh stock, is likely to subside price pressure in the market soon. At the same time however, it added that the external sector requires monitoring for further strengthening the prospects in the face of active pursuit of industrial policies globally.
US fines Teva, Glenmark $255 mn over drug price-fixing charges
The Department of Justice (DoJ) announced that Teva will also make a $50 million drug donation to humanitarian organisations, along with a $225 million criminal penalty -- the largest to date for a domestic antitrust cartel. Glenmark will pay $30 million to resolve charges alleging that it conspired with Teva to fix prices for that cholesterol drug, called pravastatin.
Will the Aug 29 Tata Sons' AGM provide pointers to Maya Tata's future role?
It is understood that Maya Tata who has been brought on board as a board member of the Tata Medical Centre Trust, along with her siblings, Leah and Neville, is being shown the ropes by Ratan Tata. It is not known how this will play out in the future for the exact contours are a matter of conjecture currently. The August 29 AGM of Tata Sons may well provide a pointer in this regard.
Are co-working spaces the best bet for start-ups and small businesses?
Such spaces also play a crucial role in the development and success of these businesses by providing a supportive environment to accommodate changing needs. This could result in plenty of new ventures as these businesses, working from a coworking space get to interact with people coming from a variety of backgrounds. Indian start-ups have shown a significant increase in leasing flexible office spaces in the last few years, second only to the technology sector. The small business sector is critical to achieving a $5 trillion economy for India as it employs over 100 million people and accounts for 40 percent of manufacturing output. In this context, it would be appropriate to look at multiple factors that explain why start-ups and small businesses opt to work from shared spaces.
Bank of Baroda makes U-turn on selling Sunny Deol's villa, explains reasons
On Monday, the Bank of Baroda has advertised in the newspapers that it is withdrawing the decision on 'technical reasons' to auction the MP and actor's Mumbai property for non-payment of its loan of about Rs 56 crore and interest on that.
Brightcom Group shares fall over 50% from 52-week high
Brightcom Group shares ended down by 5 per cent lower circuit at Rs 24.14, down by Rs 1.27 on BSE on Monday.
Nifty ends higher on buying in metals, power & IT stocks
At close, Nifty was up 0.43 per cent or 83.5 points at 19,393.6. Volumes on the NSE fell sharply compared to the recent average.
Hospitality industry eyes long-term gains beyond G20 Summit-led occupancy, rate surges
What the run-up to the G20 Summit has done for India, pointed out K.B. Kachru, Chairman Emeritus, South Asia, Radisson Hotel Group, is exposing the world to the diversity of our tourism products and positioning the country as a credible MICE (Meetings Incentives Conventions Exhibitions) destination.
Don't Miss
Advertisement