Covid care: RBI opens Rs50,000-cr liquidity tap for banks

Under the scheme, banks can tap into the window to provide loans of up to 3 years’ tenor to various entities, including vaccine manufactures and suppliers, importers/suppliers of medical devices and Covid-related drugs, hospitals/dispensaries, pathology labs, suppliers of oxygen and ventilators and logistics firms as also patients for treatment

Bill and Melinda Gates fall apart after 27 years of marriage

The Bill and Melinda Gates Foundation said Bill Gates, 65 and Melinda Gates, 56, would continue to work as co-chairs and trustees of the organisation, even as the couple said they have reached an agreement on how to divide their assets worth $146 billion

How Modi-baiters use viral media to malign India

As heavy local demand squeezes global supplies of Indian vaccine,  multinational pharmaceutical companies like Pfizer, Johnson & Johnson, Moderna etc are trying to push through exports of their costly, yet unproven vaccines, on the strength of their market standing

Pfizer eyes a market gatecrash as India's Covid tally mounts

US pharma giant Pfizer is trying to convince Indian authorities that there is no need for regulatory scrutiny for its corona virus vaccine that added $3.5 billion to its revenue in the first three months of this year, since it is approved by regulatory authorities in the US, Britain, Japan and the WHO, all of which India endorses

Jagdish Khattar, former Maruti Suzuki MD, dies of cardiac arrest

Khattar oversaw the transition of Maruti Udyog Ltd from a government controlled entity to the most successful Japanese automobile company in India

Centre adds 500 oxygenated beds in Delhi; ramps up Covid care nationwide

Delhi’s Sardar Patel Covid Care Centre and Hospital at Chhatarpur will have 2,000 oxygenated beds in total in a week or two, even as the first Oxygen Expresses arrived at Nashik in Maharashtra and Lucknow in Uttar Pradesh with Liquid Medical Oxygen (LMO)

RIL buys iconic UK property Stoke Park for $79 million

The UK-based company, which owns a hotel and golf course, will add to RIL's consumer and hospitality assets, Reliance said in a regulatory filing

Hero teams up with Gogoro to build e-bikes, battery swapping network

The swappable battery system helps to eliminate the hassle of long charging time at the charging stations and make electric two-wheelers more practical



Shaping the post-pandemic economy, a global perspective

Apart from aggravating the problem of inequalities among nations the pandemic is creating joblessness within countries and since global policies cannot be tailored to suit the requirements of all individual countries, there cannot be any guarantee that the IMF, or any international institution for that matter, would be able to help bring about a job-lead economic recovery

Alibi for the Reserve Bank!

Corporates may bring stability to banks they operate, but at the cost of the economy, which could be rendered unstable by the urge to serve themselves

CCI approves Future-Reliance deal

The CCI approval for the Future Group-Reliance Group deal comes as a huge setback for US e-commerce giant Amazon, which is seeking to enforce an arbitration award from a Singapore court restraining the parties from implementing the deal

Cease-fire on the Vaccine Front!

The might of vaccines can be gauged from the fact that newly-listed Chinese pharma company, Beijing Wantai Biological Pharmacy Enterprise, made a $20 billion windfall on an untested vaccine, taking the net worth of Zhong Shanshan, who holds a controlling stake in the company, to $58.7 billion 

Woman at the Helm of Financial Powerhouse Citi

Jane Fraser has been elected to the board of directors of Citigroup, and will take over from Corbat when he retires from Citi and steps down from its board of directors in February 2021

Realty needs government handholding

The real estate sector is perhaps the largest industry in the country in terms of scale and revenue generation and the top employer providing employment to millions directly and to several millions indirectly