Finance Minister Nirmala Sitharaman "I hope that the investments...
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Banks should focus on their core business, bring innovative products to mobilise deposits: FM
In order to overcome the mismatch between deposits and lending,...
SIP flows touch a record high of Rs 23,322 crores in July
Contributions to systematic investment plans (SIPs) also touched a...
Suspension of international passenger flights extended till April 30
“However, international scheduled flights may be allowed on selected routes by the competent authority on a case-to-case basis,” the DGCA added.
India records highest single-day surge since mid November
New Delhi: India added 90,797 cases of coronavirus in two days with 46,951 new infections being recorded in a span of 24 hours, the highest so far this year, taking the nationwide COVID-19 tally to 1,16,46,081, according to the Union Health Ministry...
AstraZeneca says US trial data shows vaccine 79% effective
While the AstraZeneca vaccine has been authorized in more than 50 countries worldwide, scientists have been awaiting results of the U.S. study in hopes it will clear up some of the confusion about just how well the shots really work
RBI is yet to take decision on industrial houses owning banks :Thakur
Replying to a query on the RBI’s internal working group (IWG) report which had recommended that large corporate or industrial houses may be allowed as promoters of banks, he said the central bank has not taken any decision on the issue.
”The RBI will take a final decision keeping in mind interest of consumers of banks” Thakur said, adding even today private sector majority stake is in banks like ICICI and HDFC.
Asia accelerates AstraZeneca Covid-19 vaccine rollouts, even as trust plunges in Europe
The AstraZeneca shot was among the first and cheapest of the Covid-19 vaccines to be developed and launched at volume and is set to be the mainstay of vaccination programmes in much of the developing world.
But its brief suspension raised concerns that a slowdown in vaccination rollouts could hurt the global fight against the pandemic, as coronavirus cases surge in some countries, overwhelming healthcare systems and hurting economies.
Electric shock – German auto stocks get a new lease of life
Volkswagen, the German company competing with Toyota to be the world’s biggest vehicle seller by volume, laid out its ambitious plan to turn 70% of European sales at its core VW brand electric during its “power day” last Monday.German rival BMW, meanwhile, said on Wednesday it was aiming for half of its sales to be non-fossil fuel vehicles by 2030, and that around 90% of its market categories would have fully-electric models available by 2023.
India to launch supercharged push for global electric vehicle players
Companies will receive 4-7% government cashbacks on the eligible sale and export value of vehicles and components, but for EVs and their components there is an additional 2% as a “growth incentive” to promote electric mobility, according to the draft policy document seen by Reuters.
Water governance a priority to ensure India’s self-reliance: PM Mod
“Today, when we are trying for rapid development, it is not possible without ensuring water security, without ensuring effective water management. The vision of India’s development, the vision of India’s self-reliance, is dependent on our water sources, is dependent on our water connectivity,” said PM Modi.
Parliament passes insurance amendment bill to raise FDI limit to 74%
The minister said the government will provide funds to the public sector insurance companies but private players will have to raise capital on their own.
A year after ‘Janata curfew’, coronavirus threat rears its ugly head again
India stands at number one position in terms of recovered coronavirus cases followed by Brazil, while it is in the third spot in terms of the cases after the US and Brazil, according to the Johns Hopkins University, which has been compiling global COVID-19 data.