Business
India Will Continue to Face Inflationary Pressures in Near Term: Report
Dun & Bradstreet expects the CPI to have increased from 5.7% to 5.9% during July 2020. As per government data, retail inflation had increased to 6.09% in June.
Clinical Trial of Non-invasive Ventilator SwasthVayu to Start Soon: NAL
The trial of the first Made in India non-invasive ventilator would begin at the Manipal Hospital, which also collaborated in its development in 'record' 36 days, the NAL said in a statement.
Amid Covid-19 Pandemic, Consumer Goods Sales Hold Up at Unilever
The importance of hygiene in fighting the coronavirus led to increased demand for hand and home sanitizing products..
Reliance Industries Market Cap Rises to Rs 13 Lakh Crore, Breaks into Top 50 Most Valued Firms Globally
The company has gained a market cap of Rs 2 lakh crore over the last month.
Sensex Drops Over 100 Points in Early Trade, Nifty Below 11,150 Tracking Mixed Global Mkt Cues
The 30-share BSE Sensex was trading 108.36 points, or 0.29 per cent, lower at 37,821.97. Similarly, the NSE Nifty slipped 29.50 points, or 0.26 per cent, to 11,132.75.
Govt Open to Announcing More Measures to Revive Economy, Agri Sector Driving Growth: Sitharaman
Indicators like electricity and fuel consumption, inter and intra-state movement of goods, PMI data and retail financial transactions are witnessing a pick-up, Sitharaman said.
Germany's Angela Merkel Says Its Possible That There is No Agreement at EU Summit
"There is a lot of good will but also many positions. I will make every effort but it is possible that there is no result," she said in Brussels.
Johnson & Johnson Profit Tumbles 35% as Covid-19 Halts Sales of Medical Devices
The company, which is set to begin human trials of its experimental coronavirus vaccine this month, reported net earnings of $3.63 billion, or $1.36 per share, down from $5.61 billion, or $2.08 per share, a year earlier.
Sensex Rises over 100 Points in Early Trade; Infosys Soars 12%
HCL Tech, TCS, Tech Mahindra and Sun Pharma were the other gainers. On the other hand, ITC, HDFC, Titan, PowerGrid, NTPC and Tata Steel were among the laggards.
Govt Should Focus on Spending on Profitable Firms to Boost Economy: Raghuram Rajan
Rajan said in the pandemic, unlike normal recession, there is enormous amount of destruction, which has happened to households and also to firms, and that's where relief and repair has to come in along with stimulus.
Govt Extends FY20 Returns Filing Date for Composition Dealers Till August 31
The CBIC issued a notification, extending the deadline for filing GSTR-4 annual returns for 2019-20 by composition dealers from July 15 to August 31.
Tata Consultancy Services to Hire 40,000 Candidates from Campuses Across India Amid Covid-19 Unemployment
The firm is also planning to double its US campus placement numbers at 2,000. This is expected to lower the burden on people having to apply for the H-1B and L-1 work visas, securing which have become harder in recent times.
Panel to Interview 8 Shortlisted Candidates for RBI Deputy Governor Post on July 23
The post had fallen vacant after senior-most deputy governor N S Vishwanathan demitted office three months ahead of his extended tenure on March 31 on health grounds after serving the monetary authority for 39 years.
SBM Bank India, Mastercard to Facilitate Cross Border Transactions, Remittances
The SBM Bank India customers will be able to make real-time domestic business-to-consumer transfers quickly and efficiently using 'Mastercard Send', the statement said.
Coal India Output Declines 12.8% to 39 Million Tonnes in June
The production in the first three months of 2020-21 dropped to 121.01 MT from 136.94 MT of coal produced in the April-June period of the previous fiscal, Coal India said in a filing.
Sensex Tumbles Over 300 Points in Early Trade; Nifty Below 10,300
The 30-share index was trading 323.91 points, or 0.92 per cent, lower at 34,847.36, while the NSE Nifty fell 83.65 points, or 0.81 per cent, to 10,299.35.
