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Copper prices for lifetime reached Rs 754.20 per kg on green infrastructure push

During intraday on MCX, on April 26, copper prices rose to Rs 753.50 per kg after touching a new lifetime of Rs 754.20. In the evening session, the base metal opened after extended gains to trade at the day’s high. The non-ferrous metal has exceeded the moving averages of 5, 20, 50, 100 and 200 …

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NEET to be caught on time as SC rejects applications

The High Court on Wednesday refused to consider a number of applications seeking the postponement or cancellation of the National Eligibility cum Entrance Exams (NEET) scheduled for September 13. A bench headed by Justice Ashok Bhushan said authorities would take all necessary steps to conduct NEET-undergraduate tests in the wake of the COVID-19 admission to …

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The accounts of three foreign investors of Adani Group have been frozen by the NSDL

The National Securities Depository (NSDL) has frozen accounts of three foreign portfolio investors (FPIs) holding shares worth more than $ 43,500 in four Adani Group companies. The FPIs are the Albula Investment Fund, the Cresta Fund and the APMS Investment Fund, reports The Economic Times, adding that these accounts were frozen “on or before May …

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Will the second wave of COVID, new state-level restrictions, add to the NPA’s banking problems?

The RBI announced a six-month deferment and a one-time restructuring for banks. This helped in avoiding huge increase in their non-performing assets (NPAs). A loan becomes an NPA if interest or principal is not repaid for a period of 90 days. The time when the Indian economy was trying to take out its second wind …

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Axis Bank received Rs 3,004 crore under loan repurchase requests under the COVID framework, which so far stood at Rs 623 crore

Private lender Axis Bank has received Rs 3,004 crore for loan repurchase requests under the COVID resolution framework, of which Rs 623 crore has so far been in force, a conference call after the top management announced Q4 financial results on April 27 I said Out of the Rs 3,004 crore requests received, the debt …

Axis Bank received Rs 3,004 crore under loan repurchase requests under the COVID framework, which so far stood at Rs 623 crore Read More »

IIL is ready to roll out Bharat Biotech’s Covaxin drug substance by July-August

Indian Immunological Limited (IIL) is a name that may have been heard by some outside the vaccine industry. But the vaccine manufacturer hopes to play an important role in Bharat Biotech’s ambitious plan, which will increase production of covaxin to 700 million doses annually. IIL executive officers are overdue to revive the newly built manufacturing …

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COVID-19 second wave | Banks reduce business hours, cut staff attendance: report

Due to the surge in COVID-19 cases, banks have decided to cut branch hours and reduce employee attendance by 50 percent. Business Standard reported that the Indian Banks Association (IBA) said that now the branches will work from 10 am to 2 pm.Four functions banks will provide at branches – deposits, cash withdrawals, remittances and …

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Arohan Financial Services, Dodla Dairy to go ahead of SEBI for IPO

Marketson-banking financial company Arohan Financial Services and Dodla Dairy, a leading dairy company in South India, have gone ahead with capital market regulator Sebi to float an initial share-sale. Both companies filed their preliminary papers with SEBI on 15 February and received their comments on 23 April, an update with SEBI was shown on 26 …

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Johnson & Johnson seeks approval for phase-3 trial of its single-shot COVID vaccine in India, import license

Multinational pharma giants Johnson & Johnson have applied to India’s drug regulator to seek approval for a phase-3 clinical trial of its single-dose COVID-19 vaccine in India as well as an import license. He said that the company has demanded an early meeting of the Subject Expert Committee on COVID-19 of the Central Drugs Standard …

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Survey Details: 25% increase in Hiring activities since March 2020

The coronavirus epidemic has affected all sectors of the economy. After a very difficult period of job cuts and employment cuts, when the economy opens up, rapid data adoption and digital integration have played a key role in strengthening companies. These two factors have played an important role in developing the growth programs of various …

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