BUSINESS

Bharat Biotech joins MoU and GCVC to produce Covaxin drug product

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Bharat Biotech on May 27 signed a MoU with the Gujarat Covid Vaccine Consortium (GCVC) to contract a drug product Covaxin. The Gujarat Covid Vaccine Consortium (GCVC) contains Hester Biosciences, the Gujarat Biotechnology Research Center (GBRC), the Gujarat Government and Omnibrx Biotechnologies. According to the MoU, Bharat Biotech will provide Covaxin drug production technology. The …

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DGCA may decide on Boeing 737 Max aircraft worthiness in 2-3 months

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The Indian airline’s controller is considering whether the Boeing 737 Max aircraft – which had landed around the world in 2019 after two crashes – will be allowed to fly again in the country and will take two to three months to decide, a senior official said. The Directorate General of Civil Aviation conducts pilot …

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Nestle India March Quarterly Preview | Brokerage profits expect double-digit growth in revenue

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FMCG company Nestle India expects to report double-digit growth in the bottom line as well as topline, with higher single-digit growth for the quarter ended March 2021 compared to the year-ago period. Continued growth in Maggi, baby foods, chocolate segment, etc. is likely to boost business, feel brokerage.“Nestle is likely to report 10.8 percent revenue …

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Fiscal stimulus and vaccination dominate global discussions

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One way to see the major economies and the progress they have made towards normalization is to look at three things. One, the quality of economic reform in these areas; Two, the persistence of their expansionist policies or otherwise; And three, recent transition wave-rich efforts.United States of americaThe first fiscal stimulus package in the US …

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Analysis | Bandhan Bank Q4 numbers put pressure on its books; the worst is not over yet

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Bandhan Bank could see pressure at a higher level in the next two years before things get better, given the impact of the second wave of COVID on small lenders, which make up the bulk of the bank’s customer.Analysts were expecting signs of depression in Bandhan Bank’s books in Q4 primarily from Assam mortar. The …

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Government raises family pension for PSB employees; Employer contributions to the NPS have also increased

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Acknowledging that the family pension of bank employees is low, the government on Wednesday announced a similar increase in the 30 per cent final salary deduction. Earlier, a relative of the deceased’s PSB used to receive an average of Rs 9,284 a month as a family pension, said Finance Secretary Debasish Panda.“The fund has been …

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The MPL become India’s latest startup unicorn, now worth $ 2.3 billion

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Esports and the Mobile Premier League (MPL) skills application program is the latest launch of the Indian unicorn, raising $ 2.3 billion in Series E funding. The investment cycle was led by Legatum Capital with the participation of existing investors including Sequoia, SIG, RTP Global, Go-Ventures, Moore Strategic Ventures, Play Ventures, Base Partners, Telstra Ventures, …

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Edible oil

Edible oil prices will fall further in two weeks

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Edible oil- Cut in the price of edible oils: The Union Food Ministry has asked companies producing edible oil to cut edible oil prices. This was done in view of the falling prices of edible oils on the international market. Oil companies say that due to lower international prices, prices have come down significantly and …

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Economy

Economy: Government ready to deal with global situation

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Economy- FM Nirmala Sitharaman: Finance Minister Nirmala Sitharaman has said that India is capable of dealing with any situation arising from global signals. These developments also include the withdrawal of loose monetary policy from the US central bank. Sitharaman said in a post-budget discussion with industry body FICCI on Sunday that the government would not …

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How not to burn in the stock markets! 10 principles to keep in mind while investing

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Dear friends, first time investors: You have experienced the joys of a stock market that has grown like a phoenix, driven by rapid economic recovery after the novel coronavirus virus epidemic. Some of you are now temporary, having taken some “hits” in a volatile market. The environment is moving towards being wary of euphemisms. How …

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