WHO working with AstraZeneca, SII, Indian government to restart Covid-19 vaccines shipment
NEW DELHI: The WHO is urgently trying to work with AstraZeneca, Serum Institute of India (SII) as well as the Indian government to restart shipments of COVID-19 vaccines to countries that had to suspend the rollout of second doses of vaccines amid the disruption in supplies, a senior official at the UN health agency has […]
PHDCCI seeks Modi government support for domestic vaccine industry
NEW DELHI: Industry body PHD Chamber of Commerce and Industry (PHDCCI) has urged the government to play an enabler’s role for the vaccine sector, and sought clarity on the status of the segment under the ambit of the production-linked incentive (PLI) scheme announced for the pharmaceutical sector. In a letter to the Prime Minister’s Office, […]
LIC Housing Finance net profit down by 5% to Rs 398.92 crore in fourth quarter
NEW DELHI: Mortgage financier LIC Housing Finance (LIC HFL) on Tuesday reported a 5 per cent decline in its profit after tax at Rs 398.92 crore in the quarter ended in March 2021 due to higher provisioning for bad loans. It had reported a profit after tax of Rs 421.43 crore in the year ago […]
Officers of Under Secretaries rank and above to attend office from June 16
NEW DELHI: All officers of at the level of Under Secretary and above have been asked to attend offices on all working days while persons with disabilities and pregnant women employees would continue to work from home, a Personnel Ministry order issued on Monday said. As regards government servants of the level below Under Secretaries, […]
DLF targets 30 per cent growth in sales bookings to Rs 4,000 crore during FY22; to launch 8 mn sq ft area
NEW DELHI: Realty major DLF aims a 30 per cent jump in its sales bookings to Rs 4,000 crore this fiscal, as the company expects a rise in housing demand despite the COVID-19 pandemic. The company will launch various projects, comprising 8 million square feet of saleable area, to tap this growing demand for residential […]
Forex reserves cross USD 600 billion mark for first time
NEW DELHI: India’s foreign exchange reserves crossed the USD 600 billion mark for the first time after increasing by USD 6.842 billion in the week ended June 4, RBI data showed on Friday. The reserves surged to a record USD 605.008 billion in the reporting week, helped by a rise in foreign currency assets (FCA), […]
India’s agriculture exports increase 17.34% at $41.25 billion in 2020-21
NEW DELHI: India’s export of agricultural and allied products in 2020-21 grew by 17.34 per cent to USD 41.25 billion, and this growth momentum is expected to be sustained in the current fiscal as well, a top government official said on Thursday. Commerce Secretary Anup Wadhawan said huge growth has been seen in the export […]
Covid 19 vaccine price:Private hospitals can charge a maximum of Rs 780 for Covishield, Rs 1,410 for Covaxin, and Rs 1,145 for Sputnik V
NEW DELHI: The government of India has set the maximum price private hospitals can charge for the three Covid-19 vaccines currently available in the country — Covishield Rs 780 per dose, Covaxin Rs 1,410 and Sputnik V Rs 1,145. In a letter to all states and union territories on Tuesday, the Health Ministry suggested that […]
IndiGo quarterly loss widens to Rs 1,147 crore
NEW DELHI: InterGlobe Aviation, parent of the country’s largest airline IndiGo, on Saturday reported a consolidated net loss of Rs 1,147.2 crore in the three months ended March, primarily due to a sharp decline in revenues amid the coronavirus pandemic. The airline, which had a fleet of 285 planes at the end of March 2021, […]
Seven of top-10 most valued firms add over Rs 1.15 lakh crore to m-cap; RIL lead gainer
NEW DELHI: Seven of the top-10 most valued companies together added Rs 1,15,898.82 crore in market valuation last week, with Reliance Industries grabbing the top spot. Last week, the 30-share BSE Sensex jumped 677.17 points or 1.31 per cent. Reliance Industries, HDFC Bank, Hindustan Unilever, HDFC, State Bank of India, Bajaj Finance and Kotak Mahindra […]
Covid-19 revival package of Rs 20,000 crore, no fresh taxes in Kerala’s budget
THIRUVANANTHAPURAM: Grappling with the Covid-19 pandemic, the CPI(M)-led LDF government in Kerala announced a Rs 20,000 crore revival package and allocated Rs 1,500 crore for free vaccination in its ‘health oriented’ budget on Friday, while not imposing any fresh taxes. Special loan schemes for financial rejuvenation, relief package for conservation and infrastructure improvement in the […]
Nearly 470 infrastructure projects show cost overruns worth Rs 4.38 lakh crore
NEW DELHI: As many as 470 infrastructure projects, each worth Rs 150 crore or more, have been hit by cost overruns totalling more than Rs 4.38 lakh crore, according to a report. The Ministry of Statistics and Programme Implementation monitors infrastructure projects worth Rs 150 crore and above. Of the 1,737 such projects, 470 reported […]
Birlas betting big on realty, lines up Rs 1,000 crore capex for Birla Estates
NEW DELHI: Century Textiles & Industries, which runs three business verticals — paper & pulp, realty and paper tissues, and nets over 70 per cent of the income from the first — is diverting its focus onto the real estate business and has lined up Rs 1,000 crore for capex this fiscal for its ongoing […]
Nine of top-10 firms gain Rs 2.41 trillion in market capitalization; HDFC Bank, RIL lead chart
NEW DELHI: Nine of the 10 most valued companies together added Rs 2,41,177.27 crore in market valuation last week, in line with a strong broader market, with HDFC Bank and Reliance Industries topping the list. During the last trading week, the 30-share BSE benchmark Sensex jumped 1,807.93 points or 3.70 per cent. From the top-10 […]
Forex reserves near record high, jump $563 million to $590.028 billion
NEW DELHI: India’s foreign exchange reserves rose by USD 563 million to reach USD 590.028 billion in the week ended May 14, RBI data showed on Friday. The reserves had touched a lifetime high of USD 590.185 billion in the week ended January 29, 2021. In the previous week ended May 7, 2021, the reserves […]
Sensex recaptures 50,000-level; Nifty above 15,000
NEW DELHI: Equity benchmark Sensex rallied 613 points to settle above the 50,000-mark on Tuesday, driven by gains in index-heavyweights HDFC Bank, Reliance Industries and Bajaj Finance amid a positive trend in global markets. At the closing bell, the 30-share BSE index was quoted 612.60 points or 1.24 per cent higher at 50,193.33. Similarly, the […]