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INDUSTRY

INDUSTRY

Nirmal Jain recommended that one should invest 40 to 60 per cent of their portfolio in equities and the remaining in fixed income instruments.

RBI may hike repo by 50 bps: Nirmal Jain, Founder & Chairman, IIFL

Sep 29, 2022

“I don't think that one can live in a completely worry-free world that India is a sweet spot. Yes, India is doing better, if the investment is not going to flow to China and Russia, then by default India will have an advantage. However, the volatility in the currency and the global markets will definitely impact India,” says Jain in an exclusive conversation with Udayan Mukherjee, Global Business Editor, Business Today TV.

DGCI allows Serum Institute to export malaria vaccine to UK (Photo: The Scientist)

DGCI allows Serum Institute to export malaria vaccine to UK

Sep 29, 2022

The malaria vaccine was designed at the Jenner Institute, University of Oxford, which collaborated with the SII in 2020 to manufacture and develop the jab for large- scale supply, the sources said.

The flights will be available at 9 am from Bengaluru airport to HAL, and the evening return flight will be at 4.15 pm.

Now you can take a helicopter ride in Bengaluru to avoid traffic chaos

Sep 29, 2022

Helicopter shuttle service in Bengaluru: The service will be launched on October 10. The flights can be booked like any other air ticket at an initial cost of Rs 3,250, excluding taxes.

The design of the new station in Ahmedabad is inspired by the iconic Modhera Sun Temple in Gujarat and will create a new identity for the city.

Iconic! This proposed world-class railway station will beat any international airport. See pics

Sep 28, 2022

The design of the new station in Ahmedabad is inspired by the iconic Modhera Sun Temple in Gujarat, and it will create a new identity for the city.

The head of ISMA, speaking about the production and consumption outlook of sugar, explained that the total production of sugar would be above 400 lakh tonnes in the country.

Target of making petrol with 20% ethanol achievable but govt needs a proper roadmap, says sugar industry's top voice

Sep 28, 2022

Talking to BT, Aditya Jhunjhunwala, President of the industry body Indian Sugar Mills Association (ISMA), spoke at length about the challenges that the sugar industry is facing, despite achieving visible targets this year.

Bank of India picks up stake in ONDC

Bank of India acquires 5.56% stake in ONDC for Rs 10 crore

Sep 28, 2022

Bank of India has acquired 10,00,000 equity shares for Rs 100 each in the yet-to-be operational digital commerce company, ONDC.

RBI has already increased the repo rate three times since May. During this period the key policy rate has risen from 4 per cent to 5.40 per cent.  (Photo: Reuters)

RBI could increase the repo rate up to 50 bps: BT Poll

Sep 27, 2022

The next meeting of the Monetary Policy Committee (MPC) is scheduled to start tomorrow with the policy announcement to be made on Friday, September 30, 2022.

Most banks have revised their fixed deposit interest rates after RBI last revised its repo rate in August.

ICICI, Federal Bank Fixed Deposit Rate: ICICI Bank, Federal Bank tweak their interest rates ahead of RBI's MPC meet this week 

Sep 27, 2022

As per the details on ICICI Bank’s official website, the new rates are effective from September 26, 2022. Whereas, Federal Bank has said the new rates are effective from September 27, 2002.

Those who have taken out loans at floating interest rates are likely to be impacted by the rise in repo rates.

Home, car and personal loans: Your EMIs are likely to go up after Friday

Sep 27, 2022

The EMIs are expected to be affected as the RBI's MPC commences its meeting tomorrow, with the policy announcement to be held on Friday.

In the last few years, public sector banks, which have been distributing MUDRA loans, have seen a spike in their bad loans

MUDRA loan scheme: Negating Chidambaram, ex CEA K V Subramanian says MUDRA loans’s impact has been positive

Sep 27, 2022

Former Chief Economic Adviser Prof. K V Subramanian has replied that it is surprising that the former minister is questioning the impact as data closely shows how positively it has impacted the beneficiaries.

The regional carrier is deploying ATR aircraft with single class configuration offering 70 seats, the statement said.

Regional carrier Flybig introduces Guwahati-Tezu-Imphal flight

Sep 27, 2022

The route is part of the Centre's UDAN (Ude Desh ka Aam Naagrik) scheme, which is in line with the National Civil Aviation Policy to develop regional connectivity.

 Akasa Air has a total of eleven non-stop routes along eight cities including - Ahmedabad, Bengaluru, Kochi, Chennai, Mumbai, Delhi, Guwahati, and Agartala from October 21, 2022. (Photo: ANI)

Akasa Air adds two more routes to its network, will now fly to 8 cities. Check details

Sep 26, 2022

Akasa Air has a total of eleven non-stop routes along eight cities including - Ahmedabad, Bengaluru, Kochi, Chennai, Mumbai, Delhi, Guwahati, and Agartala from October 21, 2022. Furthermore, the airline expects to cross the 300 weekly flights mark by the end of its summer schedule.

SPARC has engaged multiple US academic centres for joint development programs targeting novel biology in the area of oncology, neuro-degeneration and immunology.

Sun Pharma's innovation arm strives to complete Covid-hit clinical trials

Sep 26, 2022

SPARC focuses on discovery and research of novel drugs prioritised in three therapeutic areas i.e. oncology, neurology and immunology. According to the company, during FY22, SPARC raised $148 million to complete the ongoing clinical studies.

The CII report pointed out that the time and cost of R&D have a significant effect on the cost of the biosimilar.

Biosimilars sector to grow 30% by 2047, CII tells how

Sep 23, 2022

According to the India Bioeconomy report 2022 by the department of biotechnology, by 2025 BioPharma sector is expected to grow nearly 1.4 times to nearly $63 billion from $45 billion in 2022.

 Vistara is a 51:49 JV (joint venture) between the salt to software conglomerate Tata group and Singapore Airlines.

Vistara denies merger with Air India, says no change in operational plans

Sep 22, 2022

Vistara will continue to operate as an independent entity as both the Tata group and Singapore Airlines remain invested in its expansion and growth plans, an executive has said.

In comparison other Indian banks on the list, ICICI Bank and HDFC Bank, showed improvement in the ratios.

SBI found to be the least efficient bank in Asia-Pacific zone: S&P Global Market Intelligence report

Sep 22, 2022

India's largest bank State Bank of India's cost-to-income ratio rose 911 bps year-on-year to 71.06 per cent in the June quarter, mostly due to losses on investments.

Shares of SpiceJet are down 4.06 per cent to trade at 40.15 apiece on the BSE

SpiceJet offers 20% salary hike to pilots a day after putting 80 pilots on leave without pay

Sep 22, 2022

The move comes days after SpiceJet asked 80 pilots to go on a non-paid leave of three months. Pilots who have been placed on leave without pay are from SpiceJet’s Boeing and Bombardier fleets.

In the first eight months of 2022, Rajasthan comprised 49 per cent of India’s new solar capacity whereas 63 per cent of the country’s new wind energy was built in Gujarat

Gujarat 4th state after Rajasthan, Telangana, Karnataka to meet 2022 renewable energy targets: Report

Sep 22, 2022

Rajasthan overtook Gujarat in March this year with the most installed renewable energy.

India Electronics and Semiconductor Association (IESA) welcomed the approved modifications in the Semiconductor Policy. (Photo: Reuters)

Industry welcomes modifications to India's semiconductor policy

Sep 21, 2022

The decision of the government has been praised by the industry veterans, with many stating that this policy will be a landmark one and can accelerate India's semiconductor fab dreams.

In July, DGCA had issued a showcause notice to SpiceJet following eight technical malfunction incidents involving the airline's planes.

DGCA extends 50% cap on SpiceJet operations till Oct 29 over safety incidents

Sep 21, 2022

SpiceJet latest news: Before this in July, DGCA had imposed similar restrictions on SpiceJet flights that were approved for the summer schedule, following numerous flight safety incidents and a show-cause notice. On September 21, the regulator said the restrictions have been extended as a matter of "abundant caution". 

The company has forayed into the Bangladesh market with Aster Pharmacy division

Aster DM Healthcare enters Bangladesh market, to open 25 pharmacies with GD Assist

Sep 21, 2022

The company has forayed into the Bangladesh market with Aster Pharmacy division, a UAE-based pharmacy chain.