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Dr Reddys launches Avigan for COVID-19 treatment. (PTI Photo)

Dr Reddy's launches COVID-19 drug Avigan (Favipiravir)

The launch is part of a global licensing agreement with Fujifilm Chemical that grants exclusive rights to manufacture...

19 Aug 2020 1:44 PM IST

Peoples Bank of China picks up 0.006 pc stake in ICICI Bank. (PTI Photo)

People's Bank of China invests Rs 15 crore in ICICI Bank amid...

Chinese bank was among 357 institutional investors including domestic mutual funds, insurance companies and global...

19 Aug 2020 10:18 AM IST

India urges auto companies to cut royalties to foreign parents. (PTI Photo)

Government asks automakers to cut royalties to foreign parents to...

Maruti Suzuki and Hyundai Motor's pay millions of dollars in royalties to parent companies in Japan, South Korea for...

19 Aug 2020 9:23 AM IST

Reliance buys majority stake in online pharmacy Netmeds for $83 million. (PTI Photo)

Reliance acquires majority stake in online pharmacy Netmeds

The company said its investment represents about 60% holding in Vitalic Health Pvt. Ltd. and 100% direct ownership of...

19 Aug 2020 9:03 AM IST

Union minister Hardeep Singh Puri on Tuesday said around 3.65 crore jobs would be generated in the construction of houses sanctioned under the Pradhan Mantri Awas Yojana. (PTI Photo)

PMAY(U) to generate 3.65 crore jobs in construction of sanctioned...

Puri said that it is estimated that 158 lakh metric tonnes of steel and 692 lakh metric tonnes of cement would be...

18 Aug 2020 3:05 PM IST

UK retailer Marks and Spencer to axe 7,000 jobs. (AFP Photo)

Marks & Spencer to cut 7,000 jobs after sales hit by COVID-19

The job cuts, to be carried out over the next three months, include losses from its central support centre and in its UK...

18 Aug 2020 12:51 PM IST

Indias GDP to contract 16.5 pc in Q1 as pandemic spreads, says SBI report. (Representative Image)

GDP to contract 16.5% in Q1 as COVID cases continue to surge: SBI...

The degrowth in corporate gross value added has been significantly better than revenue degrowth in Q1 FY21

18 Aug 2020 10:18 AM IST

Samsung plans producing Rs 3.7 lakh cr worth mobile phones in India over 5 yrs. (PTI Photo)

Samsung mulls producing Rs 3.7 lakh crore worth mobile phones in India

The government expects mobile phones worth Rs 11 lakh crore will be made in the country in the next five years

18 Aug 2020 8:17 AM IST

Sebi imposes Rs 10 lakh fine on Bank of Baroda. (PTI Photo)

Mutual fund norms violation: Sebi imposes Rs 10 lakh fine on Bank of...

Whole time member of the Sebi had earlier directed the bank to comply with the guidelines on or before December 31,...

17 Aug 2020 5:12 PM IST

Taxpayers not required to disclose high-value transactions in ITR. (PTI Photo)

Taxpayers need not reveal high-value transactions in ITR

Only third parties would report high-value transactions to the I-T department as per the Income Tax Act

17 Aug 2020 4:38 PM IST

Reliance Industries Ltd is in talks to buy online furniture retailer Urban Ladder and milk delivery firm Milkbasket. (PTI Photo)

Reliance in talks to acquire online start-ups Urban Ladder,...

The oil-to-telecoms conglomerate's talks with Urban Ladder are at an advanced stage, the report said

17 Aug 2020 11:45 AM IST

RILs valuation plunged by Rs 20,666.46 crore to Rs 13,40,213.50 crore. (PTI Photo)

Six of 10 top valued firms lose Rs 78,275 crore in m-cap, Reliance,...

RIL's valuation plunged by Rs 20,666.46 crore to Rs 13,40,213.50 crore, taking the biggest drop among the 10 most valued...

16 Aug 2020 4:24 PM IST