Russia is scouting for partners in India for supplying three anti-COVID-19 drugs manufactured indigenously. They had yielded positive results there. Favipiravir (trade name Avifavir); Olokizumab (trade name Artlegia); and Levilimab (trade name: Ilsira) are the drugs it wants to supply. Developed locally According to the Pharmaceuticals Export Promotion Council of […]
Banking & Business
Indian stocks declined as the still-rising coronavirus caseload made some investors question the sharp rebound from this year’s low. The S&P BSE Sensex dropped 0.5% to 37,934.73 at the close in Mumbai to mark its second consecutive day of declines. The gauge is up more than 45% from its March […]
नई दिल्ली। भारत का इस्पात उद्योग कोरोना वायरस महामारी से उपजे हालात से अब उबर चुका है। इस्पात क्षेत्र में सुधार के संकेत मिलने शुरू हो गए हैं। इस्पात मंत्रालय से द्वारा सोमवार को जारी आंकड़ों के मुताबिक जून 2020 के महीने में देश का कच्चा इस्पात उत्पादन 6.8 मिलियन […]
Bharat Electronics announced its Q1FY21 results on July 27, 2020. Consolidated net revenue of Bharat Electronics Ltd in Q1FY21 stood at Rs1,675.59cr, which declined by 21.13% yoy from Rs2,124.5cr in Q1FY20. EBITDA stood at Rs146.08cr in Q1FY21 which decreased by 58.86% yoy. For Q1FY20, it had posted EBITDA of Rs355.08cr. […]
Government of India (GOI) has announced the sale (issue/re-issue) of four dated securities for a notified amount of ₹30,000 crore as per the following details: Sr No Security Date of repayment Notified Amount(₹ crore) GoI specific Notification Auction Date Settlement date 1 5.09% GS 2022 April 13, 2022 3,000 F.No.4(5) […]
The rating agency expects that state banks will remain reliant on fresh equity injections from the government. The plans of state-owned banks to raise capital from private sources will not be sufficient to mitigate anticipated risks unless supplemented with more capital support from the government, Fitch Ratings said on Monday.Several […]
Private banks have reported lesser fee income figures in the first quarter of the fiscal, following a slowdown in bank activities amidst the COVID-19 pandemic. Thus far, Axis Bank, HDFC Bank, ICICI Bank and Kotak Mahindra Bank have reported declining fee income whilst declaring results for Q1FY21. Axis Bank, which […]
NEW DELHI: The government has extended deadline for mandatory hallmarking of gold jewellery and artefacts by over four months till June 1, 2021, in the wake of the ongoing COVID-19 pandemic, consumer affairs minister Ram Vilas Paswan said on Monday. Gold hallmarking is a purity certification of the precious metal […]
The government on Monday released guidelines of four schemes for the development of bulk drug and medical device parks in the country to promote their domestic manufacturing. “In line with the vision of Prime Minister Shri Narendra Modi, the schemes have been conceptualised for making India ‘Atma Nirbhar’ in the […]
Kotak Mahindra Bank Ltd. said its profit fell last quarter as it set aside higher provisions against an expected increase in bad loans due to the coronavirus pandemic. Net income totaled 12.4 billion rupees ($166 million) in the three months ended June 30, compared with 13.6 billion rupees a year […]