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Govt announces Rs 500 cr scheme to promote e-mobility
The scheme will be for four months till July 2024.The new scheme is...
Northern winter storms in India now more frequent in summer, raise risk of heavy flooding: study
"The loss of winter snow and the increasing late-season storms that...
FPIs infuse Rs17,985 cr in June amid increasing liquidity, risk appetite
Prior to this, overseas investors remained net sellers for three consecutive months. They pulled out a net Rs 7,366 crore in May, Rs 15,403 crore in April and a record Rs 1.1 trillion in March.
Glenmark launches Covid-19 drug FabiFlu, priced at Rs 103 per tablet
The Mumbai-based firm had on Friday received the manufacturing and marketing approval from the Drugs Controller General of India (DCGI).
“This approval comes at a time when cases in India are spiralling like never before, putting a tremendous pressure on our healthcare system,” Glenmark Pharmaceuticals Chairman and MD Glenn Saldanha said in the statement.
India reports 14,516 new coronavirus cases; death toll at 12,948
Ireland became the latest country to warn its citizens that medical assistance may become difficult with India’s sharp spike in cases and urged them to consider making use of a series of evacuation flights in the next few weeks.In an email seen by Reuters, the embassy’s second secretary, Máirtín Cronin, warned Irish citizens that access to medical care for COVID-19 and non-COVID-19 treatment may become increasingly difficult in the coming period.
Highest single-day spike of 13,586 COVID-19 cases in India
In some positive news, the number of recoveries crossed the two lakh mark and stands at 2,04,710, while there are 1,63,248 total COVID-19 active cases, according to the updated official figure at 8 am. One patient had migrated.
“Thus, around 53.79 per cent patients have recovered so far,” an official said.
ICICI Bank sells 3.6% stake in ICICI Lombard for Rs 2,250 cr
Mumbai: ICICI Bank on Friday sold 3.6 per cent stake in ICICI Lombard General Insurance Company for around Rs 2,250 crore.Post the divestment, ICICI Bank''s stake in its general insurance stands at around 51.9 per cent. The development comes after the...
Finance Ministry invites bids from transaction advisors for LIC’s mega IPO, may hit the market in second half of fiscal
The government currently owns 100 per cent in LIC.The IPO which was announced by finance minister Nirmala Sitharaman while presenting the Budget 2020, is likely to hit the market in the second half of the current fiscal.
Sitharaman said government wants to raise around Rs 90,000 crore from its disinvestment plans in IDBI, where it holds 46 per cent and LIC, where it has 100 per cent stake and may offload 10-12 per cent of its holding.
Fitch cuts India’s sovereign rating outlook to ‘negative’
“The coronavirus pandemic has significantly weakened India’s growth outlook for this year and exposed the challenges associated with a high public-debt burden,” the ratings agency said in a statement.The move comes after Moody’s downgraded India earlier this month to a notch above junk, falling in line with other global agencies, while also cutting its outlook to ‘negative’. But S&P shortly after affirmed its rating and maintained a ‘stable’ outlook.
U.S.based RIMS and Prudent Insurance Brokers collaborate to support India’s risk management community
“For organizations to remain resilient, they must be proactive and ready to adapt to rapid changes in our business and social environments,For risk professionals, education and knowledge sharing are critical components of strong risk programs and decision-making. RIMS is proud to continue to support India’s growing risk management community and, with PIBL, deliver a wide-range of learning experiences”, ” said RIMS CEO Mary Roth. .
Non-payment of salaries to medics a criminal offence: Govt to inform states
A bench comprising Justices Ashok Bhushan, Sanjay Kishan Kaul and M.R. Shah asked the Centre to issue necessary directions to states and Union Territories, and sought a compliance report in four weeks.
The top court noted that non-adherence to the Centre’s direction by states will be treated as an offence under the Disaster Management Act and sections of the Indian Penal Code.
Suspended website promoting e-pharmacies on Aarogya Setu app, Centre informs HC
The Centre’s submission came on a plea seeking to de-link from Aarogya Setu mobile app, the website — www.aarogyasetumitr.in — as it was acting as a marketing tool for e-pharmacies only.