BUSINESS

MIDC Official : Maharashtra confident of signing MoUs worth at least Rs 20,000 crore

In spite of the situation with the COVID-19 pandemic, the Maharashtra have managed to persuade the industrial investment in the various sectors, and aims to sign a contract worth Rs 20,000 to RS 25,000 crore in the coming months, a senior government official said on Saturday. “Maharashtra is a recognised leading player in the investment …

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SBI collects Rs 300 crore from zero balance accounts over 5 years: IIT-Bombay study

Several banks, including the State Bank of India (SBI), had previously placed excessive charges on certain services provided to the poor with zero-balance or Basic Savings Bank Deposit Accounts (BSBDA), a study by IIT-Bombay has revealed. The study found that the SBI’s decision to charge Rs 17.70 for all overdrafts by BSBDA account holders would …

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Uttar Pradesh government sets up SIT to investigate irregularities

The government of Uttar Pradesh has set up a four-member special investigative team (SIT) at the behest of Prime Minister Yogi Adityanath under the chairmanship of Sanjiv Mittal, secretary of the Ministry of Industry and Infrastructure Development, to investigate . Additional General Secretary Manoj Kumar Singh, additional DGP Rajeev Sabarwal and Metropolitan Planner Anoop Kumar …

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Nagaland State Lottery 1 tarik Result Today Live 1 PM, 6 PM, 8 PM Winners List Check Out

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Network18 reported the highest EBITDA margin in the year COVID; 4 times net profit in FY 2011

Network18 Media & Investments posted a jump of over 9 times in net profit to Rs 547 crore for FY 2021, expanding margins in the television news business and also breaking the digital news segment. The company minimized the COVID effect by keeping a tight lease on costs to increase domestic advertising revenue. Increasing television …

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Minority shareholders of Ujjivan Financial Services reject special offer to appoint Samit Ghosh as MD and CEO

As per the results of the e-voting sent to the stock exchanges, Ujjivan Financial Services’ minority shareholders have rejected a special resolution appointing founder and chairman Samit Ghosh as the company’s managing director and chief executive officer. Further, the shareholders did not approve the special resolution to re-appoint Abhijeet Sen as an independent director. Both …

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Indian economy aims to record strong resilience by 2021: UNCTAD

India’s economy, estimated to contract 6.9 percent by 2020 due to the coronavirus epidemic, is expected to record a “strong recovery” by 2021 and grow by 5 percent, according to a UN report that the current fiscal budget points to a shift in direction. demand, for public investment purposes. Report, ‘Out of the frying pan …

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Warren Buffett’s Berkshire Hathaway is recovering from coronavirus problems

Warren Buffett’s Berkshire Hathaway Inc on Saturday said many of its businesses are enjoying a strong recovery from the early depths of coronavirus, fueling a return on profits and revenue. The company Buffett has been using since 1965 has also shown the investor’s confidence in its future by repurchasing its $ 6 billion shares in …

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The IT sector should move on to Nifty 50, the re-launch of the June series, says Deepak Gupta of Emkay

Nifty ended the May series with a 3 percent gain and Bank Nifty ended with a 4 percent gain. This is despite the fact that FIIs sold more than Rs 9,000 in cash in May and DIIs bought only 600 rupees. It shows that the sales section has been able to absorb sales from FIIs. …

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Zydus Cadila gets USFDA approval for diabetes drug

The drug company Zydus Cadila on Monday said it had received approval from the US health director to market Sitagliptin, a drug shown to treat diabetes. The company said its subsidiary had received approval from the United States Food and Drug Administration (FDA) for its new application for Sitagliptin tablets of 25, 50 and 100 …

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