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26 CASES OF BLOOD CLOTS AFTER COVISHIELD; NONE AFTER COVAXIN Govt committee has completed an in-depth case review of 498 serious and severe events, of which 26 cases were reported to have potential thromboembolic events. APART FROM SERUM, BHARAT BIOTECH, THESE 5 VACCINE MAKERS A crucial part of India's fight against second Covid-19 wave is vaccination. The country has an uphill task to inoculate about 850 million (85 crore) people over the age of 18. It means India will GOVT ORDERS WHATSAPP TO WITHDRAW NEW PRIVACY POLICY The government has ordered WhatsApp to withdraw its controversial new privacy policy, saying the changes undermine the sacrosanct values of CORONAVIRUS: YOU MAY SOON GET A CALL FROM 1921; HERE'S WHY A Ministry of Health and Family Welfare notification says some citizens will get a call from the number 1921 for the COVID-19 survey, which will be carried out by the National Informatics Centre BIOLOGICAL E -- INDIA'S NEXT SERUM, BHARAT BIOTECH OF The oldest Indian private vaccine maker, Hyderabad-based Biological E Limited, is emerging as a domestic powerhouse of COVID-19 vaccine manufacturing following its NITI AAYOG SUBMITS FINAL LIST OF PSU BANKS TO BE PRIVATISED Niti Aayog has been entrusted with the task of selection of names of two public sector banks and one general insurance company for the privatisation as announced in the Budget 2021-22 US REPLACES MAURITIUS AS SECOND LARGEST SOURCE OF FDI IN The US replaced Mauritius as the second-largest source of foreign direct investment (FDI) into India during 2020-21 with inflows of $13.82 billion, according to government data. SHOCKING! US GAVE $3.7 MILLION TO CHINA'S WUHAN LAB THAT The US government had reportedly funded $3.7 million to the Chinese laboratory in Wuhan which has been at the centre of speculations surrounding coronavirus outbreak. RBI WARNS OF STOCK MARKET BUBBLE- BUSINESS NEWS The Reserve Bank of India (RBI) sees a bubble building in the stock market as prices of risky assets surged across countries to record high levels during the year. The benchmark Sensex is just WILL CENTRE MISS ITS DISINVESTMENT TARGET AGAIN?- BUSINESS The government's budgetary proposal to raise Rs 1.75 lakh crore from disinvestments and strategic sales in 2021-22 is not gaining pacebecause of the
26 CASES OF BLOOD CLOTS AFTER COVISHIELD; NONE AFTER COVAXIN Govt committee has completed an in-depth case review of 498 serious and severe events, of which 26 cases were reported to have potential thromboembolic events. APART FROM SERUM, BHARAT BIOTECH, THESE 5 VACCINE MAKERS A crucial part of India's fight against second Covid-19 wave is vaccination. The country has an uphill task to inoculate about 850 million (85 crore) people over the age of 18. It means India will GOVT ORDERS WHATSAPP TO WITHDRAW NEW PRIVACY POLICY The government has ordered WhatsApp to withdraw its controversial new privacy policy, saying the changes undermine the sacrosanct values of CORONAVIRUS: YOU MAY SOON GET A CALL FROM 1921; HERE'S WHY A Ministry of Health and Family Welfare notification says some citizens will get a call from the number 1921 for the COVID-19 survey, which will be carried out by the National Informatics Centre INDIA 'MOVED MOUNTAINS' TO CONTAIN SECOND COVID-19 WAVE 3 hours ago · External Affairs Minister S Jaishankar on Thursday assured the worried diaspora in Kuwait that the second wave of COVID-19 was receding in India GST COUNCIL SLASHES TAX ON BLACK FUNGUS MEDICINE, OTHER The GST Council on Saturday cut tax on Black Fungus medicine and other COVID-19 essential items needed in fight against coronavirus, NDTVreported.
G7 LEADERS CONSENT TO KEEP MONEY TAPS OPEN AMID COVID-19 5 hours ago · G7 leaders stressed the importance of taking action to reduce unemployment such as retraining and offering support for younger workers, a proposal COVID-19: EU ADVISES ADDING CONDITION TO ASTRAZENECA 7 hours ago · The European Medicines Agency says it's recommending that people who have had a rare blood vessel syndrome not be immunised with AstraZeneca's COVID-19 vaccine. In FACEBOOK ACQUIRES STUDIO BEHIND VR GAME POPULATION: ONE 2 hours ago · Facebook has acquired virtual reality (VR) firm BigBox VR, the company behind the multiplayer VR game POPULATION: ONE, for an undisclosed amount. The entire team of BigBox VR is expected to join INDUSTRY OUTPUT GROWS 22.4% IN MARCH, CONTRACTS 8.6% IN FY21 India's industrial output, measured by the Index of Industrial Production (IIP), grew 22.4 per cent in March on the back of a lower base last year because of the nationwide lockdown imposed to GOVT HIKES VARIABLE DA; 1.5 CR CENTRAL GOVT EMPLOYEES TO 7th Pay Commission latest update: The hike, announced on Friday, May 21, effective from April 1, 2021, will also, result in an increase in the rate of minimum wages for over 1.5 crore central MCDONALD'S DATA BREACH EXPOSES CUSTOMERS' INFO IN SOUTH 2 hours ago · McDonald's has become the latest victim of a data breach. Unauthorised activity on the fast-food giant's network exposed the personal data of some of its customers in Taiwan and South Korea. EX-IL&FS GROUP CHIEF RAVI PARTHASARATHY ARRESTED IN RS 1 20 hours ago · The Chennai Police's Economic Offences Wing (EOW) today arrested former Infrastructure Leasing & Financial Services (IL&FS) group chief Ravi Partharasarathy in the GLOBAL BANKING REGULATOR SEEKS TOUGHEST CAPITAL RULES FOR 23 hours ago · Cryptoassets have given rise to a range of concerns, including consumer protection, money laundering and terrorist financing, and their carbon footprint, says NO NEED TO PANIC OVER DOSAGE INTERVAL OF COVISHIELD: GOVT 28 minutes ago · The government Friday said there is no need to panic on the need for an immediate change in the dosage interval of Covishield vaccine, underlining that DELTA COVID-19 VARIANT 60% MORE TRANSMISSIBLE, REDUCES The rapid surge in cases during Delhi's fourth Covid-19 wave was mainly driven by the Delta variant, which likely has immune-evasion properties and accounted for 60 per cent of the cases in April GST COUNCIL MEET TODAY; TAX CUT ON COVID ESSENTIALS, BLACK The GST Council, in its previous meeting on May 28, left taxes on COVID-19 vaccines and medical supplies unchanged after the BJP- and Opposition-ruled states sparred over BIOLOGICAL E -- INDIA'S NEXT SERUM, BHARAT BIOTECH OF The oldest Indian private vaccine maker, Hyderabad-based Biological E Limited, is emerging as a domestic powerhouse of COVID-19 vaccine manufacturing following its PM MODI TO VIRTUALLY ATTEND OUTREACH SESSIONS OF G7 SUMMIT 17 minutes ago · Prime Minister Narendra Modi will participate virtually in the outreach sessions of the G7 summit on June 12 and 13, the Ministry of External Affairs (MEA) said on EDELWEISS FIN SERVICES POSTS RS 637-CR NET PROFIT IN MARCH Edelweiss Financial Services on Friday reported a consolidated net profit of Rs 636.70 crore for the March 2021 quarter. The company hadposted a
WILL CENTRE MISS ITS DISINVESTMENT TARGET AGAIN?- BUSINESS The government's budgetary proposal to raise Rs 1.75 lakh crore from disinvestments and strategic sales in 2021-22 is not gaining pacebecause of the
SEBI BARS CAPITAL MONEY MANTRA, PROPRIETOR FROM MARKET FOR 2 hours ago · Sebi has barred Capital Money Mantra and its proprietor Gaurav Yadav from the securities markets for two years and asked them to refund the money collected from SHOCKING! US GAVE $3.7 MILLION TO CHINA'S WUHAN LAB THAT The US government had reportedly funded $3.7 million to the Chinese laboratory in Wuhan which has been at the centre of speculations surrounding coronavirus outbreak. NITI AAYOG SUBMITS FINAL LIST OF PSU BANKS TO BE PRIVATISED Niti Aayog has been entrusted with the task of selection of names of two public sector banks and one general insurance company for the privatisation as announced in the Budget 2021-22 NO NEED TO PANIC OVER DOSAGE INTERVAL OF COVISHIELD: GOVT 28 minutes ago · The government Friday said there is no need to panic on the need for an immediate change in the dosage interval of Covishield vaccine, underlining that DELTA COVID-19 VARIANT 60% MORE TRANSMISSIBLE, REDUCES The rapid surge in cases during Delhi's fourth Covid-19 wave was mainly driven by the Delta variant, which likely has immune-evasion properties and accounted for 60 per cent of the cases in April GST COUNCIL MEET TODAY; TAX CUT ON COVID ESSENTIALS, BLACK The GST Council, in its previous meeting on May 28, left taxes on COVID-19 vaccines and medical supplies unchanged after the BJP- and Opposition-ruled states sparred over BIOLOGICAL E -- INDIA'S NEXT SERUM, BHARAT BIOTECH OF The oldest Indian private vaccine maker, Hyderabad-based Biological E Limited, is emerging as a domestic powerhouse of COVID-19 vaccine manufacturing following its PM MODI TO VIRTUALLY ATTEND OUTREACH SESSIONS OF G7 SUMMIT 17 minutes ago · Prime Minister Narendra Modi will participate virtually in the outreach sessions of the G7 summit on June 12 and 13, the Ministry of External Affairs (MEA) said on EDELWEISS FIN SERVICES POSTS RS 637-CR NET PROFIT IN MARCH Edelweiss Financial Services on Friday reported a consolidated net profit of Rs 636.70 crore for the March 2021 quarter. The company hadposted a
WILL CENTRE MISS ITS DISINVESTMENT TARGET AGAIN?- BUSINESS The government's budgetary proposal to raise Rs 1.75 lakh crore from disinvestments and strategic sales in 2021-22 is not gaining pacebecause of the
SEBI BARS CAPITAL MONEY MANTRA, PROPRIETOR FROM MARKET FOR 2 hours ago · Sebi has barred Capital Money Mantra and its proprietor Gaurav Yadav from the securities markets for two years and asked them to refund the money collected from SHOCKING! US GAVE $3.7 MILLION TO CHINA'S WUHAN LAB THAT The US government had reportedly funded $3.7 million to the Chinese laboratory in Wuhan which has been at the centre of speculations surrounding coronavirus outbreak. NITI AAYOG SUBMITS FINAL LIST OF PSU BANKS TO BE PRIVATISED Niti Aayog has been entrusted with the task of selection of names of two public sector banks and one general insurance company for the privatisation as announced in the Budget 2021-22 NO NEED TO PANIC OVER DOSAGE INTERVAL OF COVISHIELD: GOVT 28 minutes ago · The government Friday said there is no need to panic on the need for an immediate change in the dosage interval of Covishield vaccine, underlining that DELTA COVID-19 VARIANT 60% MORE TRANSMISSIBLE, REDUCES The rapid surge in cases during Delhi's fourth Covid-19 wave was mainly driven by the Delta variant, which likely has immune-evasion properties and accounted for 60 per cent of the cases in April GST COUNCIL MEET TODAY; TAX CUT ON COVID ESSENTIALS, BLACK The GST Council, in its previous meeting on May 28, left taxes on COVID-19 vaccines and medical supplies unchanged after the BJP- and Opposition-ruled states sparred over BIOPHORE APPLIES FOR EMERGENCY USE APPROVAL FOR COVID-19 22 hours ago · Biophore India Pharmaceuticals on Friday said it has applied to the Drugs Controller General of India (DCGI) for obtaining emergency-use approval SEBI BARS CAPITAL MONEY MANTRA, PROPRIETOR FROM MARKET FOR 2 hours ago · Sebi has barred Capital Money Mantra and its proprietor Gaurav Yadav from the securities markets for two years and asked them to refund the money collected from INDUSTRY OUTPUT GROWS 22.4% IN MARCH, CONTRACTS 8.6% IN FY21 Hit by the pandemic and the restrictions, IIP contracted 8.6 per cent during financial year 2020-21 as against 0.8 per cent contraction inFY20.
EX-IL&FS GROUP CHIEF RAVI PARTHASARATHY ARRESTED IN RS 1 13 hours ago · The Chennai Police's Economic Offences Wing (EOW) today arrested former Infrastructure Leasing & Financial Services (IL&FS) group chief Ravi Partharasarathy in the SENSEX, NIFTY SCALE ALL-TIME HIGHS: FOUR FACTORS THAT 22 hours ago · Sensex has gained 10.09% or 4,816 points since the beginning of this year and risen 56.75% in one year. Nifty has risen 13.24% or 1,851 points since the beginning of this year. GLOBAL BANKING REGULATOR SEEKS TOUGHEST CAPITAL RULES FOR 16 hours ago · Cryptoassets have given rise to a range of concerns, including consumer protection, money laundering and terrorist financing, and their carbon footprint, says GOVT HIKES VARIABLE DA; 1.5 CR CENTRAL GOVT EMPLOYEES TO 7th Pay Commission latest update: The hike, announced on Friday, May 21, effective from April 1, 2021, will also, result in an increase in the rate of minimum wages for over 1.5 crore central BIRD GROUP EXECUTIVE DIRECTOR ANKUR BHATIA DIES OF CARDIAC Bird Group's executive director Ankur Bhatia passed away on Friday at the age of 48. He suffered a massive cardiac arrest, according to reports. Bhatia is survived by his wife Smriti Bhatia, an BIOLOGICAL E -- INDIA'S NEXT SERUM, BHARAT BIOTECH OF The oldest Indian private vaccine maker, Hyderabad-based Biological E Limited, is emerging as a domestic powerhouse of COVID-19 vaccine manufacturing following its BY 2025, THERE'LL BE MORE INTERNET USERS IN RURAL INDIA The internet adoption rate in rural parts of the country has grown 13 per cent to 299 million internet users over the past year. On the other hand, internet users in urban India rose by 4 per cent LOCKDOWN RELAXATION: MP MANDATES 100% ATTENDANCE FOR As part of the phase-wise unlocking of the 'Corona Curfew' restrictions, the Madhya Pradesh government has mandated 100 per cent attendance for officers SHOCKING! US GAVE $3.7 MILLION TO CHINA'S WUHAN LAB THAT The US government had reportedly funded $3.7 million to the Chinese laboratory in Wuhan which has been at the centre of speculations surrounding coronavirus outbreak. RBI WARNS OF STOCK MARKET BUBBLE- BUSINESS NEWS The Reserve Bank of India (RBI) sees a bubble building in the stock market as prices of risky assets surged across countries to record high levels during the year. The benchmark Sensex is just WILL CENTRE MISS ITS DISINVESTMENT TARGET AGAIN?- BUSINESS The government's budgetary proposal to raise Rs 1.75 lakh crore from disinvestments and strategic sales in 2021-22 is not gaining pacebecause of the
26 CASES OF BLOOD CLOTS AFTER COVISHIELD; NONE AFTER COVAXIN 26 cases of blood clots after Covishield; none after Covaxin. Govt committee has completed an in-depth case review of 498 serious and severe events, of which 26 cases were reported to have GOVT HIKES VARIABLE DA; 1.5 CR CENTRAL GOVT EMPLOYEES TO 7th Pay Commission latest update: The hike, announced on Friday, May 21, effective from April 1, 2021, will also, result in an increase in the rate of minimum wages for over 1.5 crore central TAMIL NADU CLARIFIES LIST OF ESSENTIAL INDUSTRIES ALLOWED Tamil Nadu government has said that manufacturing units of drugs, pharmaceuticals, sanitation, medical materials, oxygen, medical devices, medical textiles, their BIRD GROUP EXECUTIVE DIRECTOR ANKUR BHATIA DIES OF CARDIAC Bird Group's executive director Ankur Bhatia passed away on Friday at the age of 48. He suffered a massive cardiac arrest, according to reports. Bhatia is survived by his wife Smriti Bhatia, an BIOLOGICAL E -- INDIA'S NEXT SERUM, BHARAT BIOTECH OF The oldest Indian private vaccine maker, Hyderabad-based Biological E Limited, is emerging as a domestic powerhouse of COVID-19 vaccine manufacturing following its BY 2025, THERE'LL BE MORE INTERNET USERS IN RURAL INDIA The internet adoption rate in rural parts of the country has grown 13 per cent to 299 million internet users over the past year. On the other hand, internet users in urban India rose by 4 per cent LOCKDOWN RELAXATION: MP MANDATES 100% ATTENDANCE FOR As part of the phase-wise unlocking of the 'Corona Curfew' restrictions, the Madhya Pradesh government has mandated 100 per cent attendance for officers SHOCKING! US GAVE $3.7 MILLION TO CHINA'S WUHAN LAB THAT The US government had reportedly funded $3.7 million to the Chinese laboratory in Wuhan which has been at the centre of speculations surrounding coronavirus outbreak. RBI WARNS OF STOCK MARKET BUBBLE- BUSINESS NEWS The Reserve Bank of India (RBI) sees a bubble building in the stock market as prices of risky assets surged across countries to record high levels during the year. The benchmark Sensex is just WILL CENTRE MISS ITS DISINVESTMENT TARGET AGAIN?- BUSINESS The government's budgetary proposal to raise Rs 1.75 lakh crore from disinvestments and strategic sales in 2021-22 is not gaining pacebecause of the
26 CASES OF BLOOD CLOTS AFTER COVISHIELD; NONE AFTER COVAXIN 26 cases of blood clots after Covishield; none after Covaxin. Govt committee has completed an in-depth case review of 498 serious and severe events, of which 26 cases were reported to have GOVT HIKES VARIABLE DA; 1.5 CR CENTRAL GOVT EMPLOYEES TO 7th Pay Commission latest update: The hike, announced on Friday, May 21, effective from April 1, 2021, will also, result in an increase in the rate of minimum wages for over 1.5 crore central TAMIL NADU CLARIFIES LIST OF ESSENTIAL INDUSTRIES ALLOWED Tamil Nadu government has said that manufacturing units of drugs, pharmaceuticals, sanitation, medical materials, oxygen, medical devices, medical textiles, their BUSINESS NEWS: BREAKING BUSINESS NEWS INDIA, TODAY SHARE Business News India: Get latest business news headlines, financial news, breaking news updates, live share market today, stock, economy news from India on Business Today. BUSINESS TODAY E-MAGAZINE: TOP BUSINESS E-MAGAZINE ONLINE Business Today E-Magazine online - Check the list of all Business today e-magazine in digital format with edition, issue date. Download and read E-Magazine in pdf. MAKING EVERY EFFORT TO COMPLY WITH NEW IT RULES, SAYS TWITTER 1 day ago · Microblogging site Twitter has written to the Centre saying it is making every effort to comply with the new digital rules, and that it would provide additional details about compliance within aweek.
PRIVATE INVESTMENTS INCREASE 38% TO $62 BILLION; PIF, KKR 22 hours ago · Private investments in India have increased by 38 per cent to a record $62.2 billion in 2020, thanks to the massive investments in Reliance Industries companies -- Jio COVID-19: MIDDLE CLASS INFLATION SPIKES DUE TO FMCG PRICE 17 hours ago · The most glaring price hike has taken place in edible oils where MRP has shot up close to 50 per cent in the last one year. Consumers of Fortune Oil for instance, are paying Rs 215 for aone-litre
COVID-19 RESTRICTIONS: UP RELAXES LOCKDOWN, WEEKEND CURBS Uttar Pradesh Chief Secretary R K Tiwari said shops and markets outside containment zones will be allowed to open from June 1 onwards from 7 am to 7 pm for five days (Monday to Friday) SOLAR ECLIPSE 2021 DATE: WILL SURYA GRAHAN BE VISIBLE IN 16 hours ago · Surya Grahan Date and Timings: The solar eclipse on June 10 will last from 01:42 pm- 06:41 pm and will only be visible insome parts of India
MERCEDES-BENZ LAUNCHES ULTRA-LUXURY SUV MAYBACH GLA 600 15 hours ago · Mercedes-Benz India Managing Director and CEO Martin Schwenk said, "Luxury motoring with an SUV in India is re-imagined with the introduction GAIL PROFIT FALLS TO RS 1,908 CR IN JAN-MARCH QUARTER 14 hours ago · GAIL's revenue for the Jan-March quarter stood at Rs 15,449 crore, while EBITDA was Rs 2,465 crore. Net margin rose 16 per cent as compared to 12.4 per cent in Q3 EL SALVADOR BECOMES FIRST COUNTRY TO GRANT LEGAL TENDER 1 day ago · El Salvador on Wednesday became the first nation in the entire world to officially grant legal tender status to cryptocurrency Bitcoin. A majority of the South American country's lawmakers gave BIOLOGICAL E -- INDIA'S NEXT SERUM, BHARAT BIOTECH OF The oldest Indian private vaccine maker, Hyderabad-based Biological E Limited, is emerging as a domestic powerhouse of COVID-19 vaccine manufacturing following its LOCKDOWN RELAXATION: MP MANDATES 100% ATTENDANCE FOR As part of the phase-wise unlocking of the 'Corona Curfew' restrictions, the Madhya Pradesh government has mandated 100 per cent attendance for officers BY 2025, THERE'LL BE MORE INTERNET USERS IN RURAL INDIA The internet adoption rate in rural parts of the country has grown 13 per cent to 299 million internet users over the past year. On the other hand, internet users in urban India rose by 4 per cent RBI WARNS OF STOCK MARKET BUBBLE- BUSINESS NEWS The Reserve Bank of India (RBI) sees a bubble building in the stock market as prices of risky assets surged across countries to record high levels during the year. The benchmark Sensex is just SHOCKING! US GAVE $3.7 MILLION TO CHINA'S WUHAN LAB THAT The US government had reportedly funded $3.7 million to the Chinese laboratory in Wuhan which has been at the centre of speculations surrounding coronavirus outbreak. 26 CASES OF BLOOD CLOTS AFTER COVISHIELD; NONE AFTER COVAXIN 26 cases of blood clots after Covishield; none after Covaxin. Govt committee has completed an in-depth case review of 498 serious and severe events, of which 26 cases were reported to have GOVT ORDERS WHATSAPP TO WITHDRAW NEW PRIVACY POLICY The government has ordered WhatsApp to withdraw its controversial new privacy policy, saying the changes undermine the sacrosanct values of GOVT HIKES VARIABLE DA; 1.5 CR CENTRAL GOVT EMPLOYEES TO 7th Pay Commission latest update: The hike, announced on Friday, May 21, effective from April 1, 2021, will also, result in an increase in the rate of minimum wages for over 1.5 crore central TAMIL NADU CLARIFIES LIST OF ESSENTIAL INDUSTRIES ALLOWED Tamil Nadu government has said that manufacturing units of drugs, pharmaceuticals, sanitation, medical materials, oxygen, medical devices, medical textiles, their INDIA EXPORTED 37% OF COVID-19 VACCINES AS GIFTS- BUSINESS COVID-19 vaccine: Pfizer-BioNTech eye $26 bn revenue, Moderna estimates $19.2 bn sales in 2021; Avenue Supermarts FY21 net profit falls 13.7% to Rs 1,165 crore BIOLOGICAL E -- INDIA'S NEXT SERUM, BHARAT BIOTECH OF The oldest Indian private vaccine maker, Hyderabad-based Biological E Limited, is emerging as a domestic powerhouse of COVID-19 vaccine manufacturing following its LOCKDOWN RELAXATION: MP MANDATES 100% ATTENDANCE FOR As part of the phase-wise unlocking of the 'Corona Curfew' restrictions, the Madhya Pradesh government has mandated 100 per cent attendance for officers BY 2025, THERE'LL BE MORE INTERNET USERS IN RURAL INDIA The internet adoption rate in rural parts of the country has grown 13 per cent to 299 million internet users over the past year. On the other hand, internet users in urban India rose by 4 per cent RBI WARNS OF STOCK MARKET BUBBLE- BUSINESS NEWS The Reserve Bank of India (RBI) sees a bubble building in the stock market as prices of risky assets surged across countries to record high levels during the year. The benchmark Sensex is just SHOCKING! US GAVE $3.7 MILLION TO CHINA'S WUHAN LAB THAT The US government had reportedly funded $3.7 million to the Chinese laboratory in Wuhan which has been at the centre of speculations surrounding coronavirus outbreak. 26 CASES OF BLOOD CLOTS AFTER COVISHIELD; NONE AFTER COVAXIN 26 cases of blood clots after Covishield; none after Covaxin. Govt committee has completed an in-depth case review of 498 serious and severe events, of which 26 cases were reported to have GOVT ORDERS WHATSAPP TO WITHDRAW NEW PRIVACY POLICY The government has ordered WhatsApp to withdraw its controversial new privacy policy, saying the changes undermine the sacrosanct values of GOVT HIKES VARIABLE DA; 1.5 CR CENTRAL GOVT EMPLOYEES TO 7th Pay Commission latest update: The hike, announced on Friday, May 21, effective from April 1, 2021, will also, result in an increase in the rate of minimum wages for over 1.5 crore central TAMIL NADU CLARIFIES LIST OF ESSENTIAL INDUSTRIES ALLOWED Tamil Nadu government has said that manufacturing units of drugs, pharmaceuticals, sanitation, medical materials, oxygen, medical devices, medical textiles, their INDIA EXPORTED 37% OF COVID-19 VACCINES AS GIFTS- BUSINESS COVID-19 vaccine: Pfizer-BioNTech eye $26 bn revenue, Moderna estimates $19.2 bn sales in 2021; Avenue Supermarts FY21 net profit falls 13.7% to Rs 1,165 crore BUSINESS NEWS: BREAKING BUSINESS NEWS INDIA, TODAY SHARE Business News India: Get latest business news headlines, financial news, breaking news updates, live share market today, stock, economy news from India on Business Today. BUSINESS TODAY E-MAGAZINE: TOP BUSINESS E-MAGAZINE ONLINE Business Today E-Magazine online - Check the list of all Business today e-magazine in digital format with edition, issue date. Download and read E-Magazine in pdf. MAKING EVERY EFFORT TO COMPLY WITH NEW IT RULES, SAYS TWITTER 1 day ago · Microblogging site Twitter has written to the Centre saying it is making every effort to comply with the new digital rules, and that it would provide additional details about compliance within aweek.
COVID-19: MIDDLE CLASS INFLATION SPIKES DUE TO FMCG PRICE 11 hours ago · The most glaring price hike has taken place in edible oils where MRP has shot up close to 50 per cent in the last one year. Consumers of Fortune Oil for instance, are paying Rs 215 for aone-litre
GOOD NEWS! JOB HIRINGS TO RETURN TO PRE-PANDEMIC LEVELS IN 4 hours ago · Job hirings are expected to return to pre-pandemic levels in 2021, with around 58 per cent of organisations saying they are planning to hire more in 2021 compared to last year, as per asurvey of
INDIGO HOPES TO ATTAIN PRE-COVID-19 TRAFFIC BY Q2 OF 2022: CEO 3 hours ago · IndiGo is hoping to reach pre-Covid level of overall traffic, both domestic and international, by the second quarter of next year, its CEO Ronojoy Dutta said on Wednesday. The carrier iscurrently
COVID-19 RESTRICTIONS: UP RELAXES LOCKDOWN, WEEKEND CURBS Uttar Pradesh Chief Secretary R K Tiwari said shops and markets outside containment zones will be allowed to open from June 1 onwards from 7 am to 7 pm for five days (Monday to Friday) EX-VOLKSWAGEN CEO MARTIN WINTERKORN CHARGED WITH FALSE 4 hours ago · Prosecutors have charged former Volkswagen chief executive Martin Winterkorn with giving false testimony to the German parliament when he said he was unaware of EL SALVADOR BECOMES FIRST COUNTRY TO GRANT LEGAL TENDER 1 day ago · El Salvador on Wednesday became the first nation in the entire world to officially grant legal tender status to cryptocurrency Bitcoin. A majority of the South American country's lawmakers gave GAIL PROFIT FALLS TO RS 1,908 CR IN JAN-MARCH QUARTER 9 hours ago · GAIL's revenue for the Jan-March quarter stood at Rs 15,449 crore, while EBITDA was Rs 2,465 crore. Net margin rose 16 per cent as compared to 12.4 per cent in Q3Businesstoday
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EQUITAS SMALL FINANCE BANK GETS SEBI APPROVAL TO LAUNCH IPO EQUITAS SMALL FINANCE BANK IPO: THE OFFER INCLUDES A RESERVATION OF UP TO RS 100 CRORE FOR SUBSCRIPTION BY ELIGIBLE EHL SHAREHOLDERS AND A RESERVATION AGGREGATING UP TO RS 5 CRORE FOR SUBSCRIPTION BY ELIGIBLEEMPLOYEES
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New
Delhi Last Updated: March 3, 2020 | 14:29 IST The equity shares of Equitas Small Finance Bank will be listed on BSEand NSE
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Coronavirus
news: Noida school shut amid virus scare*
Coronavirus
spreads to Agra; six cases suspected Equitas Small Finance Bank on Tuesday received Securities and Exchange Board of India's (SEBI) approval to launch its initial public offering (IPO). The IPO includes a fresh issue of shares worth Rs 550 crore and an offer-for-sale (OFS) of 8 crore equity shares by Equitas Holdings Limited (EHL), the promoter, according to document filed with marketregulator SEBI.
A subsidiary of Equitas Holdings, Equitas Small Finance Bank had filed draft red herring prospectus (DRHP) with Sebi for initial public offer on December 16, 2019. The offer includes a reservation of up to Rs 100 crore for subscription by eligible EHL shareholders and a reservation aggregating up to Rs 5 crore for subscription by eligible employees, as per the offer document. The bank intends to utilise the net fresh issue proceeds from the offer to raise the bank's tier-1 capital (primarily loans or advances and investment portfolio) to meet future capital requirements. Adding to it, the bank will continue to focus on its rural and semi urban franchisees and increase deposits across non-resident Indians, among others, the draft papers noted. The bank is likely to consider a pre-IPO placement of up to Rs 300 crore. If it is undertaken, the amount raised will be reduced from thefresh issue.
Equitas Small Finance Bank is one of the largest small finance bank (SFB) in India in terms of the number of banking outlets. The lender operates in 16 states and 1 union territory through its 403 branches and 38 ultra-small branches, serving over 3.73 million customers. During September quarter of 2019, the bank's net profit increased to Rs 92.44 crore against Rs 24.06 crore in the same quarter of previous fiscal. Interest earned rose to Rs 660.68 crore from Rs 472.25 crore in September quarter of 2019. The public issue of shares is being managed by Axis Capital, Edelweiss Financial Services, ICICI Securities and IIFL Securities. The equity shares will be listed on Bombay Stock Exchange and National StockExchange.
BY CHITRANJAN KUMAR
ALSO READ: ESAF SMALL FINANCE BANK FILES DRAFT PROSPECTUS WITH SEBI FOR RS 976-CRORE IPO ALSO READ: SBI CARDS IPO SUBSCRIPTION: RETAIL INVESTORS, EMPLOYEES LEAD CHARGE ON DAY 1 Do you like this story?0 0
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