Only 20.26 lakh migrant workers of the targeted 8 crore such labourers have received free food grains in May and June, according to data released by the Ministry of Consumer Affairs, Food and Public Distribution. Mahindra & Mahindra Chairman Anand Mahindra took to Twitter to share a 3-step plan for companies as India moves towards new normal with government's 'Unlock 1' guidelines. Reliance Industries share price hit a 52-week high after the Mukesh Ambani-led conglomerate announced the sale of 1.16 per cent stake in Jio Platforms to Abu Dhabi Investment Authority. Read for more top stories from the world of business and economy:
Coronavirus impact: Sajjan Jindal said that India as a country needs to get back to its full capacity at the soonest to be the successful economy that it aims to be
The 67-year-old also tweeted a 3-step plan: 'Adopt a start-up mindset. Which means: a) Become as lean an Organization as possible b) Nothing is sacred; all business models open for debate'.
Share price of Reliance Industries gained 2.78% to hit a fresh yearly high of Rs 1,624 compared to the previous close of Rs 1580.60 on BSE.
The report said that India should be mindful of its external sector in FY21 as a prolonged period of growth slowdown may hit the external sector metrics, specifically the rupee.