Ministry of Corporate Affairs has notified rules for winding-up of companies, making it easier for small firms to close their businesses without going to a tribunal. Cipla Chairman Yusuf Khwaja Hamied said that antiretroviral medications lopinavir and ritonavir, which have been around for about 10 to 15 years and are off-patent, are now being repurposed to deal with coronavirus. Homegrown consumer goods company Godrej Consumer Products reported 5.1 per cent year-on-year growth in consolidated net profit at Rs 445.20 crore for the third quarter ended December 31, 2019. Read for more top stories from the world of business and economy:
A combination of two drugs, which have been around for about 10 to 15 years and are off-patent, is now being repurposed to deal with coronavirus.
Godrej Consumer ProductsQ3 results: India business sales grew 1 per cent YoY, while it delivered volume growth of 7 per cent on a yearly basis.
A clutch of Chinese companies including MG Motor, Great Wall Motors and BYD is participating in this edition.
The Sabka Vishwas Scheme launched last year for resolution of indirect tax disputes fetched the government over Rs 35,000 crore after it resolved 1.61 lakh cases involving over Rs 80,000 crore tax dues.