business

Chinese drug maker CNBG seeks approval to launch COVID-19 vaccine for public use: Report

This makes China National Biotec Group the first drug maker outside Russia to seek general use authorisation for its COVID-19 vaccine.

BofA sees Indian economy Q2 growth improving to -7.8%

The government will release the GDP data by the end of the month. House economists at the Wall Street brokerage Indranil Sengupta and Aastha Gudwani further said the economy is likely to close this fiscal year with a current account surplus of 1 per cent given the massive contraction in imports.

Fee on money transfers for US, doesn't apply to India: Google Pay

Last week, Google had announced that it is launching a redesigned Google Pay app next year on Android and iOS, starting with the US, and that users will not be able to use the service on a web browser.

These 16 stocks helped Nifty in its journey from 12,000 to 13,000, do you own any?

Banking & financials, infrastructure, metals and auto stocks were the leaders that pushed Nifty50 to 13,000-mark.

Arvind Kejriwal asks experts to audit COVID-19 death cases, suggest measures to reduce fatalities in Delhi

The chief minister made the request at a meeting of the Delhi Disaster Management Authority (DDMA), which is chaired by Lt Governor Anil Baijal.

HDFC Ltd to acquire 19.9% stake in Renaissance Investment Solutions ARC

HDFC Ltd on Wednesday entered into agreements for investment in Renaissance Investment Solutions ARC Private Limited, the company said in a regulatory filing.

Bloomberg Billionaire Index | Top-10 richest people in the world

Back in January, Musk was ranked as the 35th richest person. Now, Musk has overtaken Microsoft co-founder Bill Gates to become the second-richest person in the world

JSW Cement arm to invest over Rs 1,500 crore to set up clinker unit in Odisha

Commenting on the new clinker project, JSW Cement Managing Director Parth Jindal said,"The new clinker unit at Shiva Cement in Odisha will provide a strategic advantage to service the needs of our customers in the region and further strengthen JSW Cement’s leadership position in the Green category in India.”

Oil shrugs off inventory gain amid sustained vaccine rally

Brent crude was up 44 cents, or 0.9%, at $48.30 a barrel by 0743 GMT, having risen almost 4% in the previous session. West Texas Intermediate crude gained 33 cents, or 0.7%, to $45.24, after rising more than 4% on Tuesday.

JSW Cement aims listing in December 2022

The company had already drawn an ambitious plan to expand its combined cement capacity to 25 million tonne by 2023 at a CapEx of Rs 3600 crore.

Small & midcaps portfolio: Edelweiss Securities names 'Winners', 'Warriors' and 'Value' stocks

Stocks in the Winner segment include names like PI Industries, Aarti Industries, Exide Industries, SRF, TeamLease Services, and Gulf Oil, etc. among others.

Lupin launches generic immunosuppressant drug in US

The company has launched Tacrolimus capsules USP in the strengths of 0.5 mg, 1 mg, and 5 mg, after Concord Biotech Ltd received an approval for its abbreviated new drug application (ANDA) from the United States Food and Drug Administration (USFDA), Lupin said in a regulatory filing.

GSK Consumer forays into denture care segment in India with launch of Polident brand

With the launch of Polident, which is the global market leader in the denture care, the company has reinforced its presence in the overall oral health category in India, GSK Consumer Healthcare said in a statement.

Corporate-owned banks is an idea whose time has come

India needs loan growth in double digits for GDP to grow above 6 percent. For that, new banks are necessary and the most viable model is corporate-owned banks

Depressed valuation makes PSU stocks attractive. Should you buy?

PSU stocks have had a most forgettable year in 2020, with the Nifty PSE index declining about 30 percent since January. 2020.

BJP's Vijay Sinha elected Speaker of Bihar assembly

The voting was marred by rumpus caused by opposition members who protested presence of Chief Minister Nitish Kumar on the floor of the House on the ground that he was a member of the legislative council.

Delhi COVID hospitals get 1,300 ICU beds, 2,000 normal ones in two weeks; CM Arvind Kejriwal monitoring situation

The official said Chief Minister Arvind Kejriwal has been monitoring the situation, and added that all efforts are being made by the Delhi government to bring down the mortality rate. The death rate stood at 1.89 percent on Tuesday.

Injecting hope into the global economy

Nearly half of Toyota’s volumes are safe from factory lockout

With a section of employees going on strike, production has been affected at Toyota’s two plants. Fifty production is outsourced to Suzuki Motor Corp and Maruti Suzuki. Toyota’s plants have the capacity to produce 310,000 units a year, but were operating at 25 percent by the end of October.

Explainer | COVID passport: Is airline travel going to be more difficult?

In ideal conditions aircraft and facilities are equipped to deal with respiratory infections, but not all is dependent on the plane’s tech. Human behaviour is likely the more determinant factor.

Mobikwik taunts Paytm’s Chinese ownership a day after new app ban

Payments company Mobikwik ascertains its Indian roots in full front-page newspaper advertisement, takes a dig at ownership of China’s Alibaba in larger rival Paytm, led by Vijay Shekhar Sharma.

Interview | Sky is the limit for the growth of our core business, says Sunil Chari, MD of Rossari Biotech

Rossari Biotech is confident of doubling sales in 3-4 years, and the home and personal care category is expected to comprise over half of the company's revenues in the coming quarters, says its co-founder and MD

Most trusted leader of Congress; great friend of mine: Manmohan Singh on Ahmed Patel

Ahmed Patel, who served as the party's back-room strategist for years, passed away at a Gurgaon hospital in the early hours of Wednesday. He was suffering from complications related to COVID-19.

COVID-19 pandemic could be stopped if at least 70% public wore face masks consistently: Study

The research, published in the journal Physics of Fluids, assessed studies on face masks and reviewed epidemiological reports on whether they reduce the number of people an infected person spreads the pathogen to -- the reproduction number of the virus.

NSE warned Future Retail of action over disclosures on Amazon dispute

Future Retail - one of country's top retailers - has been locked in a bitter dispute with Amazon over its $3.4 billion retail assets deal with Reliance Industries. Amazon is a business partner of Future and argues the Indian firm's asset sale breached some of their pre-existing agreements.