Private hospitals have to place orders for vaccines on CoWin and cannot directly procure it from manufacturers, July 1 onwards. The Centre has also devised a formula to decide the 'maximum monthly limit' of stocks that a private vaccination centre can purchase to ensure a level-playing field.
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SoftBank-backed Dingdong rises 19% in market debut, valued at $6.6b
Stock opened at $28 per share, up from the initial public offering price of $23.50 per share.
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President Ram Nath Kovind lays foundation stone for Ambedkar memorial in Uttar Pradesh
In February, prime minister Narendra Modi had also laid the foundation stone of a statue of King Suheldev in Bahraich, which was seen as a move by the BJP in UP to associate closely with the OBC Rajbhar community who consider themselves descendants of the warrior king.
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Musk set to invest up to $30 billion in Starlink
Billionaire entrepreneur Elon Musk said Tuesday he plans to invest up to 30 billion dollars to develop his ambitious Starlink satellite internet service. Starlink plans to deploy thousands of low-orbit satellites to provide high-speed internet to isolated and poorly connected areas.
from Times of India https://ift.tt/3y7sDQs
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Ruchi Soya posts Rs 314 cr profit in Q4
Ruchi Soya has forayed into 100 per cent vegetarian nutraceutical and wellness products by initially introducing 10 FMHG products under the joint branding of Nutrela and Patanjali.
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Emkay to launch Rs 500 cr small cap AIF
The proposed fund is the fourth of the Emkay emerging stars fund, which is a category III AIF and has so far returned 110 per cent to investors since the launch a year ago.
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Sebi fines 2 FPIs for violating market norms
The regulator has dropped charges against designated depository participant (DDP) ICICI Bank Ltd.
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Sebi approves stricter independent director norms, measures to attract more investors into market
The new norms will be effective from January 1, 2022.
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Sterling and Wilson Solar posts Rs 345 cr loss in Q4
Total income of the company quarter stood at Rs 1,416.33 crore in the March quarter.
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IndusInd Bank sells over 70 lakh shares of McLeod Russel
IndusInd Bank stock closed at Rs 1,017.25 apiece on BSE, up 0.98 per cent. McLeod Russel shares ended nearly 5 per cent higher at Rs 36.85.
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Delhi Police books Twitter under POCSO
The child rights body had on May 29 asked the Delhi Police to book Twitter India under three sections of the POCSO Act, after claiming that it had conducted an inquiry and had found child sexual abuse material on the platform.
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UP moves Supreme Court against HC protection to Twitter MD
The Uttar Pradesh police had accused Twitter of allowing its platform to be used to portray a video of the Loni episode, in which some persons are seen assaulting an old Muslim man, not as a personal dispute between warring parties but a communal incident.
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President Joe Biden to visit site of Condo building collapse
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J&K: Tourism players welcome FM's loan package for travel agencies, guides
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States are leveraging cyberspace expertise to achieve political & security objectives: Shringla
Harsh Vardhan Shringla pointed out that the world is witnessing a sophisticated use of cyberspace by terrorists around the world to broaden their appeal, spread virulent propaganda, incite hatred and violence, recruit youth and raise funds.
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Nirav Modi renews UK extradition appeal, to be heard on July 21
The 50-year-old jeweller, who remains behind bars at Wandsworth Prison in south-west London, had lost the first stage of the High Court appeals process last week as a judge declined permission to appeal "on the papers".
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Large cos log in IFSC GIFT City cutting record offshore deals
“During the pandemic, we have seen a significant surge in business volumes,” said Dipesh Shah, head – development at IFSC, the regulator for Gujarat GIFT City. “Large conglomerates have used IFSC platforms raising finances, which otherwise would have gone to other global centres like Singapore or London.”
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England reach Euro 2020 quarters to end Germany curse
Raheem Sterling and Harry Kane fired England into the Euro 2020 quarter-finals as they sealed a 2-0 win against Germany that ended decades of hurt at the hands of their bitter rivals on Tuesday. In the 55 years since England beat the Germans in the World Cup final, the Three Lions had endured a painful litany of defeats against Die Mannschaft when the stakes were highest.
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GIC Re posts Rs 1,991 cr profit in FY21
The state-owned reinsurer had posted a loss of Rs 186.46 crore in 2019-20.
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CCI rejects complaint against NSE with respect to co-location facilities
CCI concluded that there is no prima facie case of violation by the exchange under the Competition Act.
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Sebi decisions to encourage retail investors' participation in REITs: Realty players
REIT is a tax-efficient vehicle that enables owners of real estate to pool income generating assets together in a portfolio.
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GOCL Corporation March quarter profit doubles
Consolidated income during the quarter under review stood at Rs 150 crore against a consolidated income of Rs 151 crore in the quarter year-ago.
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Uflex reports over two-fold jump in Q4 profit to Rs 265 cr
Shares of Uflex Ltd on Tuesday settled at Rs 477.45 apiece, up 0.40 per cent from its previous close.
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We walked this tightrope keeping Health as priority: Sanjeev Sharma, Country MD, ABB India
Our effort was led by a cross-functional central taskforce along with a locational task force which was closer to their respective locations. The task force was further divided into focused sub-groups to manage the pandemic which is not over yet namely medical infrastructure, vaccination drive and third wave readiness.
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Karnataka: 13-year-old boy diagnosed with rare post-Covid brain disease in Davanagere
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Covid News Live Updates: Oxford study says mixing COVID-19 vaccines gives good protection
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Economy: Revival After April-June
India’s economy and its citizens have just endured a harrowing experience with the second Covid wave. But as we look ahead to coming quarters, we see reasons for optimism.The economic impact of the second wave should be localised to April-June 2021-22.
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Stocks in the news: NTPC, Ruchi Soya, UPL, Nalco and NCL India
General Insurance Corporation of India, IRCTCT, IRFC, Ruchi Soya Industries, NBCC, Suzlon Energy and Angel Broking will announce their March quarter results today.
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RIL lines up petrochemical play with Adnoc in UAE
Mukesh Ambani flagship RIL will be investing $1.2-1.5 billion in a factory to produce ethylene dichloride (EDC), located next to Adnoc’s integrated refining and petrochemicals site in Ruwais — the biggest such complex in the Middle East. Adnoc is expected to make a similar investment.
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Traders add bets in oil & gas, metals and insurance counters
Reliance Industries could see further correction in share price while Apollo Hospitals Enterprise is expected to surge 8-10% more in the near-term.
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NCLT orders liquidation of Choksi’s Nakshatra World
The ruling came on an insolvency petition ICICI Bank filed around two years ago against the company, which was also allegedly involved in a money laundering case reported at the Punjab National Bank. The court appointed Santanu Ray, a partner from Delhi-based AAA Insolvency Professionals LLP as the liquidator.
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Non-bank NPAs to rise, derail sector recovery: ICRA
The rise in the NPAs would be double that of the 40 to 50 basis points reported in the fiscal ended March 2021 as loans in risky segments like real estate, personal loans, micro finance, loans to SMEs and vehicle finance which constitute 30% of the loans from NBFCs will be impacted.
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Government unveils measures for sectors hit by 2nd wave
Overall allocation to credit guarantee schemes, including those announced earlier, was raised to ₹4.5 lakh crore from ₹3 lakh crore, while the programme encouraging the creation of new jobs was extended by nine months to the end of FY22.
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News Updates Live: China conducted over 100 military drills near the LAC over the past six months, says report
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NARC, provision buffers to help banks contain Covid 2.0 damage
Asset quality is still a major concern for many Indian banks even as non-performing assets (NPA), on average, could be contained, the global consultancy firm said.
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European stocks deepen losses, airlines slump on UK travel ban woes
The pan-European STOXX 600 ended 0.6% lower, with the travel and leisure index down 4.4% to a one-month low.
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NLC India Q4 profit rises 52% to Rs 757 cr
Consolidated income of the PSU in the January-March period increased to Rs 3,550.48 crore from Rs 3,405.14 crore in the year-ago period, the filing said.
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Fiscal impact of fresh stimulus package under 1% of GDP: Experts
According to the finance ministry, the total value of the latest package came up to Rs 6.29 lakh crore, representing about 3% of GDP.
from News-Economic Times https://ift.tt/35W2R...
We must look to the future and reset with courage and not fear: Nisa Godrej, chairperson GCPL
GCPL has seen some strong growth spurts in the past. Like in 2010, when we merged GCPL with Godrej Sara Lee, went global, and started building our household insecticides category, says
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Welcome back, Wimbledon: Slam returns; Tiafoe, Stephens win
Much like the delays to competition around the grounds _ it took about 4 1/2 hours to begin play on the outside courts; more than a dozen matches were postponed entirely _ Djokovic got off to a slow start in his bid for a record-tying 20th Grand Slam title and sixth at Wimbledon.
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Future Lifestyle Fashions posts loss of Rs 149 cr in Q4
Shares of Future Lifestyle Fashions Ltd on Monday settled at Rs 74.40 per unit on the BSE, down 0.93 per cent over the previous close.
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Triveni Turbine Q4 profit rises 69% to Rs 23 cr
Shares of the company ended 1.54 per cent down at Rs 118.60 apiece on BSE.
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Zee Media Corp Q4 profit drops nearly 6% to Rs 10.50 cr
ZMCL's total expenses rose 13.61 per cent to Rs 152.69 crore in Q4 FY2020-21, compared to Rs 134.40 crore.
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Nalco posts nine-fold jump in Q4 profit to Rs 936 cr
The consolidated income of the company increased to Rs 2,874.47 crore, compared to Rs 2,042.27 crore in the year-ago period.
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UK’s Standard Life to sell 3.46% stake in HDFC Life Insurance on Tuesday
The sale price has been fixed at Rs 658-678 apiece, a 2.6-5.5% discount to Monday’s closing price of Rs 696.20.
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Tamilnadu Petroproducts’ profit more than doubles in FY21
The Board of TPL has recommended a higher dividend of 25% for FY20-21, (15% in the previous year) subject to members' approval.
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Stocks in the news: KIMS, Dodla, NTPC, Lupin, Affle and Indigo
National Aluminium, Graphite India, NLC India, IFCI, Triveni Turbine, Welspun Corp, Kiri Industries, Tamilnadu Petroproducts will announce their March quarter results today.
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Ladakh: Reports emerge of new Chinese ammunition dumps across LAC, reinforces positions
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Gurugram's Fortis Memorial Research Institute starts Sputnik V trial run for general public
The institute has started the trial run for the general public and vaccinated 471 people. In April, the vaccine received emergency use authorisation in India, making it the third vaccine to be made available in the country against COVID-19.
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U.S. carries out air strikes against Iran-backed militia in Iraq, Syria
The strikes came at the direction of President Joe Biden, the second time he has ordered retaliatory strikes against Iran-backed militia since taking office five months ago. Biden last ordered limited strikes in Syria in February, that time in response to rocket attacks in Iraq.
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Pune stadium: Sports centers need proper care, says Kiren Rijiju after VVIP vehicles parked on race track
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India to take up Covishield absence from EU pass list
India plans to strongly take up with the European Union (EU) the issue of non-inclusion of Serum Institute of India (SII)-manufactured Covishield in the list of approved vaccines for the EU ‘Green Pass.’ The pass is required for easy travel to and within the EU and will be launched from July 1.
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Maharashtra Live News Updates: 'Level 3' restrictions in Pune municipal areas from today; malls, auditoriums closed
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