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India updates biodiversity action plan, to conserve 30pc areas by 2030
Reducing threats includes eight targets focused on major...
Muhurat trading signifies positive investor sentiment for Indian markets
Despite the recent fall in the markets, the optimism during the...
After Air India, Cairn to target more Indian state-owned firms for recovery
A lawyer representing the company said Cairn will bring lawsuits in several countries to make state-owned firms liable to pay the USD 1.2 billion plus interest and penalties that are due from the Indian government.
Last month, Cairn brought a lawsuit in the US District Court for the Southern District of New York pleading that Air India is controlled by the Indian government so much that they are ‘alter egos’ and the airline should be held liable for the arbitration award.
Govt to refresh IT Act, but initial focus on PDP Bill: IT Secretary
Ministry of Electronics and IT (Meity) Secretary Ajay Prakash Sawhney, however said the government’s immediate focus is on putting in place the Personal Data Protection (PDP) Bill.
India to come out with space transportation policy, onboard
According to the Department of Space (DoS), globally, the participation of private agencies in providing launch services has increased and some of them have become significant players in the commercial market for launch services.
India is also witnessing the emergence of a ”New Space” wherein the private players in the space sector aim to tap the commercial potential of small satellite launch services by developing small satellite launchers for the global market, it said.
Pharmeasy to acquire diagnostics chain Thyrocare in a deal worth over Rs 6,300 crore
Pharmeasy is primarily into medicine deliveries.
At present, Thyrocare has a network of 4,000 partner labs while Pharmeasy serves 17 million customers monthly through its network of 6,000 digital consultation clinics and 90,000 partner retailers.
”We feel diagnostics is very important, Thyrocare has an outstanding backend, a very low cost structure and we have an unbelievable front end,” API Holdings’ Chief Executive Siddharth Shah told after signing the agreement.
Govt extends I-T compliance deadlines; exempts tax on COVID treatment cost, ex-gratia payments from employers
“In order to ensure that no income tax liability arises on this account, it has been decided to provide income-tax exemption to the amount received by a taxpayer for medical treatment from employer or from any person for treatment of Covid-19 during FY 2019-20 and subsequent years,” it added.
Third wave of coronavirus unlikely to be as severe as second wave: ICMR Study
Presenting a vaccine ramp-up scenario where 40 percent of the population has received two doses within three months of the second wave peak, and further that the effect of vaccination is (conservatively) to reduce severity of infection by 60 percent, the study said it illustrates how vaccination could substantially reduce the overall burden during the possible third wave.
LIC, SBI Life, Canara Bank pick up stakes in Indian Bank
The country’s largest and the only state-owned life insurer, LIC, picked up 17.80 per cent of the shares issued under the qualified institutional placement (QIP), which closed on Thursday.
It was followed by SBI Life Insurance (11.87 per cent), SBI Mutual Fund and its various schemes (11.87 per cent), Societe Generale and its various schemes (9.74 per cent) and Canara Bank subscribing to 5.93 per cent of the shares offered in the issue, according to the regulatory filing by Indian Bank.
Policybazaar.com opens 15 retail stores for broking business
To drive the business, the company has roped in former executive director of SBI Life Insurance Rajiv Gupta to lead its expansion plans in the offline space.
The brick-and-mortar stores will serve as experience centres for customers and provide them with the comfort of a local physical presence to help resolve any queries or service requests, it said.
Fake vaccine scam unearthed in Mumbai and Kolkata, police probe on
Ten people have been arrested including two doctors at a private hospital in the financial hub, police told a news conference, with the scammers targeting residents of an upscale housing complex in one case.
Many large e-comm firms have blatantly flouted laws of land: Goyal
Commerce and Industry Minister Piyush Goyal said that many of the practices which these companies follow are against the interest of consumers and the government has recently come out with draft rules for e-commerce companies or marketplace models, which are applicable to all entities including Indian.
These rules are to protect consumer interest, he said at a webinar.