Reporting the Union Cabinet 's choice at press instructions on Wednesday, Union Minister Prakash Javadekar said the move would assist ranchers with showing signs of improvement pay for their produce Association Cabinet on Wednesday endorsed the correction of the Essential Commodities Act permitting ranchers to sell their produce in any...
Former RBI Governor 'Duvvuri Subbarao' on Sunday told the financial stimulus announced by the Centre on March 26 on account of lockdown for containing spread of Corona virus is "not sufficient" ;Maintaining that the combined fiscal deficit of the Centre and states may go up to 13-14 percent of...
GlaxoSmithKline Plc (GSK) will begin selling its stake in Hindustan Unilever Ltd estimated to be worth almost ₹29,850 crore (between $3.5-3.7 billion), a person aware of the development told. GSK received the shares earlier this month in return for the sale of its Indian consumer business to Hindustan Unilever...
India’s largest car manufacturer Maruti Suzuki will restart operations at its Gurugram plant in Haryana on Monday after concerning fifty-five days of closure because of the coronavirus-led lockdown, the company informed BSE. The company in an exceedingly letter to BSE said that it would "..restart production of vehicles at Gurugram...
India’s merchandise exports fell by 60.28% to $10.36 billion (around Rs 78,529 crore) in April. Imports shrank by 58.65% to $17.12 billion (around Rs 1.29 lakh crore), leaving a trade deficit of $6.8 billion (around Rs 51,554 crore), as like the economy continued to struggle because of the nationwide...
The government has announced a new Public Sector Enterprise policy that will open up all the sectors for the private sector while the public sector enterprises will play an important role in the defined areas. The new policy will broadly categorise strategic sectors. The government will notify a list of...
IndiGo denied that it was seeking to acquire Virgin Australia. The Australian Financial Review reported on Monday that it was putting together a proposal to bid for the bankrupt airline. IndiGo has not formulated any such proposal and neither does it have any interest in this matter, the airline told...
The Confederation of Indian alcohol Companies has urged the ten states for allowing sale of alcohol ic beverages by saying that a blanket ban during the lockdown to contain corona virus has resulted in sale of illicit and spurious liquor while causing burden on exchequer. The body noted that the...
Pointing out that even during earlier challenging times when entrepreneurs showed far-sightedness and creativity, industrialist Ratan Tata today told the coronavirus crisis will also force entrepreneurs to adapt and create. Ratan Tata, chairman emeritus of Tata Sons, said in a social media post - "It can all start on a...
Tesla has not been given the green light to open factory in Fremont, Calif. Alameda County Health Officer Dr. Erica Pan said in a videostreamed town hall meeting on Friday. Tesla made a plan to open as early as Friday in defiance of the county’s extended stay at home...