Saturday, Jul 24, 2021 | Last Update : 10:44 AM IST

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Economy

Union Finance Miniter Nirmala Sitharaman (PTI)

Govt to bring amendments to two Acts to enable privatisation of PSU banks

Finance Minister announced privatisation of Public Sector Banks (PSBs) as part of disinvestment drive to garner Rs 1.75 lakh crore

Representational image. (PTI)

Manufacturing PMI expands to 13-year high in October, signals economic recovery

The survey, however, showed that the Asia’s third-largest economy was signalling a fast recovery

Forbearance represents emergency medicine that should be discontinued at the first opportunity when the economy exhibits recovery, the survey stated. (Representational Photo:DC)

Economic Survey 2021 calls for fresh asset quality review

Pandemic concessions to banks need a quick end

Among other recommendations, the report underscores the critical role data can play in helping cities manage and direct emergency operations during a crisis. (Representational image)

Cities key to India's post-pandemic growth: WEF study

The study by the Geneva-based World Economic Forum (WEF) said the unfolding COVID-19 pandemic has been catastrophic for cities

While the Consumer Price Index (CPI)-based inflation rose from 4.23 per cent in April to a six-month high of 6.3 per cent, food inflation soared from 1.96 per cent to 5.01 per cent in May. (Representational Photo:AP)

Retail inflation hits 6-month high of 6.3 pc in May on costlier food, fuel

Wholesale price-based inflation too accelerated to a record 12.94 per cent in May

Market

In the previous session, Sensex ended 132.38 points or 0.25 per cent lower at 52,100.05. (Photo: PTI/File)

Sensex jumps over 150 points in opening trade; Nifty tests 15,700

PowerGrid was the top gainer in the Sensex pack

Stating that all the players in the steel industry have their own iron ore mines, and do not have to face any hikes in labour or power rates, he wondered how the steel industry has been hiking prices. (Photo:PTI)

Big steel, cement firms operating as a cartel; need to place regulator: Gadkari

The minister said he has discussed the issue with the PM and had a lengthy discussion on it with the Principal Secretary in the PMO as well

 Crude prices fell on Friday as the resurgence of the coronavirus globally dimmed the prospects of fuel demand recovery. (AFP Photo)

Oil falls as growing coronavirus cases stoke fuel demand worries

Gasoline demand will be closely watched as US heads into its July 4 holiday weekend as many Americans are expected to hit the road

 Sensex tanks 667 pts; Nifty ends below 10,900. (PTI Photo)

Indices extend loses for 4th day, Sensex plunges 667 points, Nifty below 10,900

Kotak Bank was the top loser in the Sensex pack, falling over 4 per cent

Companies

SAIL ferro alloy plant in Chandrapur (Image credit: www.sail.co.in)

SAIL planning to set up India's first gas-to-ethanol plant in Chandrapur

It would cost around Rs 400 crore for to set up the plant, of which 20 per cent 'viable gas funding' will be provided by the government

 Uber launched 24x7 ‘Auto Rentals’ service. (AFP Photo)

Uber launches 24x7 auto rentals service in six cities

Uber launched a comprehensive set of safety measures, such as the Go Online Checklist, a mandatory mask policy for both riders and drivers

 Vials containing Russia's Sputnik V vaccine for COVID-19. (AP File)

Dr Reddy's announces launch of Sputnik vaccine in Indian market

The vaccine is presently priced at Rs 948 plus 5% GST per dose with the possibility of a lower price point when local supply begins

2-DG manufactured by Dr. Reddy's has a purity of 99.5 per cent. (Photo: Twitter/@drreddys)

Dr. Reddy's Labs to launch Covid drug 2-DG at Rs 990 per sachet

The company will make the drug available in hospitals across metros and Tier 1 cities in the initial weeks

Tata Group stocks gained sharply, rising between 2 to 6 per cent after a favourable Supreme Court verdict. (Photo: AFP)

TATA stocks raise after Supreme Court verdict

As the SC upheld Tata Sons’ decision to remove Cyrus Mistry as the chairman of Tata Sons, shares of Tata Group companies started gaining

Autos

 Mercedes gets big electric van order from Amazon. (AP Photo)

Mercedes-Benz joins 'The Climate Pledge', to deliver 1,800 electric vehicles to Amazon

Mercedes said it would also join a climate initiative established by Amazon founder Jeff Bezos

Maruti Suzuki Ciaz

Cosmetically Premium

The new Maruti Suzuki Ciaz — with a few cosmetic changes — looks and feels like a premium petrol sedan.

 Mylan gets DCGI nod for remdesivir in India, to launch at Rs 4,800 per vial. (Photo- Twitter)

Mylan Pharma to launch remdesivir in India at Rs 4,800 per 100 mg vial

The drug will be launched under the brand name Desrem in India and will be available to patients later this month

 Bajaj Auto reports zero sales in domestic market in April. (PTI Photo)

Bajaj Auto announces zero sales in April

The company, however, shipped 32,009 two-wheeler units to overseas markets last month

In Other News

The price of petrol was hiked by 26 paise per litre. (Photo: PTI/File)

Petrol crosses Rs 100 mark in nine states including Telangana, Karnataka, Maharashtra

The increase took rates across the country to fresh highs

The increase took petrol and diesel prices to an all-time high across the country. (Photo: PTI)

Petrol crosses Rs 100/litre in Thane, hits Rs 99.94 in Mumbai

Petrol price was increased by 24 paise per litre and diesel by 29 paise a litre on Thursday

In August 2019, the Reserve Bank of India (RBI) had issued a framework for processing of e-mandates on recurring online transactions. — Representational image

RBI extends timeline to comply with new rule for online transactions by 6 months

The primary objective of the framework was to protect customers from fraudulent transactions and enhance customer convenience

 India initiates probe against alleged dumping of Vitamin C from China. (PTI Photo)

India probes alleged dumping of Vitamin C from China

Bajaj Healthcare Ltd has filed the application before the commerce ministry's investigation arm DGTR, seeking initiation of the probe

Banks' employees take part in a protest during a two-day nationwide bank strike in Amritsar on March 15, 2021. (Narinder NANU / AFP)

Nationwide bank strike continues to impact PSB services on Day 2

Government transactions related to treasury as well as business transactions will also be impacted