Exclusively studying Favipiravir before adopting wider use: Glenn Saldanha

New Delhi (IANS) In an interview with IANS, Glenn Saldanha, Chairman and Managing Director, Glenmark Pharmaceuticals, said the company hopes to see similar positive outcomes in Indian patients of Covid-19 during the clinical trials of anti-viral Favipiravir…

Sensex up 700 points on announcement of economic package

Mumbai (IANS) The domestic stock market surged on Wednesday morning on the back of the Prime Minister's announcement of Rs 20 lakh crore economic package.

It has, however, receded from the intra-day high of 32,845.48 points. It had jumped…

Rs 3 lakh cr collateral free automatic loan for MSMEs

New Delhi (IANS) Finance Minister Nirmala Sitharaman on Wednesday announced collateral free automatic loans for businesses including MSMEs up to Rs 3 lakh crore.

Under the measure, borrowers with up to Rs 25 crore outstanding and Rs 100 crore…

Centre widens definition of MSMEs, raises investment limits

New Delhi (IANS) In a major move to benefit several businesses in the country, the Centre has decided to review the definition of micro, small and medium enterprises (MSME) and announced increase of investment limits.

Addressing the media here,…

Rs 30,000 cr special liquidity scheme for NBFCs, HFCs and MFIs

New Delhi (IANS) Finance Minister Nirmala Sitharaman on Wednesday announced a Rs 30,000 crore special liquidity scheme for non-banking finance companies (NBFCs), housing finance companies (HFCs) and micro-finance institutions (MFIs).

Speaking…

Equity indices fall, Sensex down 600 points

Mumbai (IANS) The key Indian equity indices plunged on Tuesday morning tracking weakness in the Asian markets, with the BSE Sensex falling over 600 points.

Around 10.05 a.m., Sensex was trading at 30,900.41, lower by 660.81 points or 2.09 per…

Sensex jumps 500 points, trades over 32,000-mark

Mumbai (IANS) The key Indian equity indices opened on a positive note on Monday, with the BSE Sensex increasing over 500 points, to trade over the psychological 32,000-mark.

The surge in the domestic market was in line with the Asian indices.…

RIL stocks rise, market cap crosses Rs 10 lakh cr

Mumbai (IANS) Shares of Reliance Industries (RIL) rose on Monday to take its market capitalisation back above the Rs 10 lakh crore mark.

At 11.04 a.m., RIL shares on the BSE were at Rs 1,593.10 per share, higher by Rs 31.30 or 2 per cent from…

Fuel consumption declines in April, ATF falls over 90% as airlines remain grounded

New Delhi (IANS) The nationwide lockdown to contain Covid-19 outbreak is seriously denting fuel demand in world's third biggest consuming nation putting a question mark on sustenance of recent surge in global oil prices.

In April, fuel…

Economic activity at 49-57% during lockdown, 143-186 mn non-farm workers inactive: McKinsey

New Delhi (IANS) Only 49 to 57 percent of India's economic activity has operated during the lockdown so far, with 143 million to 186 million inactive non-farm workers, according to a research by McKinsey and Company.

In the past six weeks,…