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  Mylan launches generic version of Remdesivir in India for COVID-19 patients

  July 20, 2020 14:46 IST

  Pharma major Mylan on Monday said it has commercially launched the generic version of Remdesivir drug under the brand name 'Desrem' in India for treatment of coronavirus patients. 

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  Local to global: Indian brands, MSMEs using Amazon GSP cross $2 billion in cumulative exports

  July 20, 2020 14:48 IST

  Indian brands, MSMEs (Micro, Small and Medium Enterprises) that are part of E-commerce giant Amazon's Global Selling Programme (GSP) have crossed $2 billion in cumulative exports. The company, which had started GSP in 2015, allows Indian companies to export to other countries through 15 Amazon websites globally.

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  Serum Institute of India to produce 1 bn doses of Oxford-AstraZeneca COVID-19 vaccine

  July 20, 2020 15:13 IST

  As the world awaits the reports of the initial trials of the COVID-19 vaccine developed by the esteemed Oxford University in collaboration with AstraZeneca, Serum Institute of India has entered a manufacturing partnership with the company wherein it the institute will manufacture and supply 1 billion doses of the vaccine.

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  Top 4 highest paid Bank CEOs in India. Check list

  July 20, 2020 15:00 IST

  HDFC Bank Managing Director Aditya Puri has emerged as the highest-paid banker among the top executives of leading lenders for FY2019-20, with his salary and prerequisites jumping to Rs 18.92 crore. A look at top 3 paid bank MD and CEOs in India.

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  Glenmark Pharmaceuticals shares tumble nearly 6 per cent

  July 20, 2020 12:56 IST

  Shares of Glenmark Pharmaceuticals on Monday tumbled nearly 6 per cent after India's drug regulator sought clarification from the company over its alleged "false claims" about the use of anti-viral FabiFlu on COVID-19 patients with comorbidities and also over the "pricing" of the drug.

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  Diesel prices surpass all records, petrol holds ground

  July 20, 2020 12:24 IST

  Along with the national capital, diesel prices marginally increased in other metro cities as well but there the price of transportation fuel is still between Rs 6-8 per litre lower than petrol.

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  Cipla, Amgen settle case involving generic cinacalcet hydrochloride tablets

  July 20, 2020 11:43 IST

  The the civil action filed by Cipla in the U.S. District Court for the District of Delaware in January 2019 has been resolved as between Cipla and Amgen Inc, the drug major said on Monday (20 July).

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  Meet Aditya Puri, India's highest paid banker CEO. Here's his annual salary

  July 20, 2020 11:29 IST

  HDFC Bank CEO Aditya Puri has retained his position at the top of the table of highest-paid banking CEOs in the country. As per the latest figures, Puri's earnings jumped by 38 per cent compared to last year. 

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  HDFC Bank gets shareholders' nod to raise up to Rs 50,000 cr

  July 20, 2020 8:34 IST

  The shareholders of HDFC Bank also approved the re-appointment of Malay Patel as an Independent Director, and Kaizad Bharucha as Executive Director and appointment of Renu Karnad as Non-Executive Director of the bank.

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  Railways privatisation: First set of private trains to be introduced by 2023

  July 19, 2020 19:42 IST

  The first set of 12 private trains will be introduced in 2023, followed by 45 more in the next fiscal, according to an initial timeline drawn by the railways which plans to roll out all 151 such train services by 2027.

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  Corona Kavach health insurance policy evokes good response: Insurers

  July 19, 2020 18:44 IST

  Corona Kavach, which was launched on July 10 and is being offered by both general and health insurers, is a standard health insurance policy created to meet the treatment requirements for coronavirus.

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  Bharat Biotech to Zydus Cadila: 7 Indian pharma players race to develop coronavirus vaccine

  July 19, 2020 15:25 IST

  At least seven Indian pharma companies are working to develop a vaccine against coronavirus as they join global efforts to find a preventive to check the spread of the deadly virus that has already infected more than 14 million globally.

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  Maruti sees no merit in developing small BS-VI diesel engine, to expand CNG portfolio

  July 19, 2020 14:13 IST

  The country's largest carmaker Maruti Suzuki India (MSI) sees no logic in developing a BS-VI diesel engine for small cars as it does not find any economic viability for such cars with market gradually shifting towards petrol models, a senior company official said.

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  Disney 'dramatically' cuts ad spending on Facebook, Instagram

  July 19, 2020 12:15 IST

  The media and theme park giant has also paused ads for its news Disney Plus streaming service on Facebook and stopped ads for its Hulu streaming service on Facebook's Instagram platform, according to The Wall Street Journal.

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  Financial condition of Hindustan Copper in 'dire straits', says CMD

  July 19, 2020 11:32 IST

  The Chairman and Managing Director of the PSU, Arun Kumar Shukla, in an article published in the house journal of Hindustan Copper, exhorted company employees to focus on making up for the production shortfall in 2020-21 for the survival of the PSU.

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  3 of 10 most valued companies add Rs 98,622.89 cr in mcap; Infosys steals the show

  July 19, 2020 11:13 IST

  Three of the 10 most valued companies added a total of Rs 98,622.89 crore to their market valuation last week, led by stellar gains in IT major Infosys.

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  'Next 10 years going to be India's golden moments in technology, pharma, e-commerce sectors'

  July 19, 2020 11:06 IST

  The next 10 years is going to be India's "golden moment" in key sectors like technology, pharmaceutical, e-commerce and manufacturing, said a top venture capitalist from Silicon Valley, pointing at the USD 20 billion foreign direct investment in the country amidst the coronavirus outbreak.

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  Japan to pay its companies to move factories out of China

  July 19, 2020 9:57 IST

  In an initiative taken to secure local supply chains and reduce dependency on China, the Japanese government has decided to pay its companies for moving factories out of China and back home.

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  Alliance Air to bring remote Bastar area into India's aviation map

  July 19, 2020 8:12 IST

  Air India's regional subsidiary Alliance Air is all set to bring the remote Bastar area of Chhattisgarh on India's aviation map by connecting Jagdalpur to Raipur and Hyderabad.

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  Aadhaar card lost? Know how to order Aadhaar reprint if your mobile is not registered with UIDAI

  July 18, 2020 18:30 IST

  Aadhaar Card Reprint: Now, you can order Aadhaar Card reprint even if your mobile number is not registered with UIDAI. Here're the simple steps to get your Aadhaar card reprinted if you don't have registered mobile number.

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  Vodafone Idea pays another Rs 1,000 crore to govt towards AGR dues

  July 18, 2020 17:40 IST

  Vodafone Idea on Saturday said it has paid additional Rs 1,000 crore to the government towards the statutory dues, taking its total payment to an aggregate Rs 7,854 crore. 

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  HDFC Bank registers massive profit rise in Q1

  July 18, 2020 16:41 IST

  HDFC Bank, the largest private sector lender in India has reported a nearly 20 per cent rise in its net profit for June quarter of the current financial year.

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  India's richest woman Roshni Nadar Malhotra takes over as chief of HCL technologies

  July 18, 2020 15:54 IST

  Roshni Nadar Malhotra, India's wealthiest woman, is now the chairperson of HCL Technologies, the Noida-based IT company. She became the first woman to head a listed Indian IT company after she took over as the Chairperson of USD 8.9 billion HCL Technologies from her father and billionaire Shiv Nadar.

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  Who is Noel Tata? The man pipped to be inducted in Tata Sons Board

  July 18, 2020 15:23 IST

  Noel Tata, trustee and half-brother of Ratan Tata, may be inducted as Director on the board of Tata Sons. Reports say discussions on appointing Noel on board of Tata Sons have intensified, however, a final decision is yet to be made.

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  Income Tax Return: New and improved Form 26AS from this year. Check details

  July 19, 2020 11:57 IST

  CBDT on Saturday informed that from this Assessment Year (2020-20201), taxpayers will see an improved Form 26AS which would carry some additional details on taxpayers' financial transactions as specified Statement of Financial Transactions (SFTs) in various categories.

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  Diesel now more than rupee expensive than petrol in Delhi

  July 18, 2020 12:20 IST

  Unexpected rise in diesel prices for the past couple of weeks despite slower demand has made the transport fuel take the numero uno position in Delhi while substantially reducing the gap with petrol in other metros.

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  Railway's DFCCIL terminates Rs 471 crore contract with Chinese company, to go for Indian firms

  July 18, 2020 13:49 IST

  Dedicated Freight Corridor Corporation India Ltd will give the work of the signalling on 417 km route of the Eastern Dedicated Freight Corridor to Indian companies after it terminated the contract with the Chinese firm, officials said on Saturday.

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  Rupee settles 16 paise higher at 75.02 against USD

  July 17, 2020 19:04 IST

  The rupee appreciated by 16 paise to close at 75.02 against the US dollar on Friday, tracking gains in domestic equities and lower crude oil prices.On weekly basis, the domestic currency logged 18 paise gains over the American unit.