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BusinessToday.In
May 13, 2021
99 of the 100 most vulnerable cities are in Asia, as per the report released on Thursday, May 13. Of those, 43 are in India and 37 in China


Anand Adhikari
New Delhi, May 13, 2021
The government and LIC have taken a decision to offload the equity stake in the development financial institution turned IDBI Bank to a strategic investor. But the big question is at what price the stake will be sold to a strategic investor. At the current valuations, the bank will be sold at a dirt-cheap price.  In fact, the sale should be based on the forward-looking parameters, which are very encouraging for the bank. The bank has witnessed a turnaround with the first-ever profits in the last five years. It has completely shifted from a corporate bank to a retail bank, which is much secured in terms of asset quality. The LIC-IDBI Combo offers a huge opportunity to cross-sell as the insurance giants have crores of customers.  And finally, the new buyer has to pay a control premium for acquiring a large stake and also a banking license, which is difficult to get as there are many aspirants. Anand Adikari, Executive Edtior, Business Today looks at the valuation issues surrounding the stake sale. Also Read : E-investingWatch More: How to make ARCs more effective to manage post-Covid NPAs  


BusinessToday.In
May 13, 2021
State Minister CV Ganesan said strict action will be taken against factories and companies that don't take steps to control accidents 


BusinessToday.In
May 13, 2021
Production of all drugs, including Remdesivir, has been ramped up significantly in last few weeks. Officials informed PM the supply of oxygen is now more than 3 times supply during peak of first wave. He also reviewed status of procurement of oxygen concentrators, oxygen cylinders, and PSA plants


BusinessToday.In
May 13, 2021
The scheme is directed toward cutting import dependence and promoting electric vehicle (EV) adoption


BusinessToday.In
May 13, 2021
Hyderabad-based Bharat Biotech had proposed to carry out a Phase-II/III clinical trial of Covaxin in the age group of 2 to 18 years. The trial will be conducted in 525 healthy volunteers


PTI
May 13, 2021
In a letter to Chief Minister Uddhav Thackeray, the BJP leader said at least 12 states in the country have recognised journalists and camerapersons as frontline workers and vaccinated them


Reuters
May 13, 2021
DeGeneres, 63, told her virtual audience that the show had been \"the greatest experience of my life\" and thanked her fans for watching. But she said she needed \"to take a break from talking\"


BusinessToday.In
May 13, 2021
There are currently a total of 37,10,525 active cases in the country comprising 15.65% of the total infections. As many as 17,72,14,256 doses of coronavirus vaccines have been administered across the country so far


Shubham Verma
May 13, 2021
Realme will launch the new Narzo 30 series phone later this month but it will not be in India.


BusinessToday.In
May 13, 2021
While Pune-based Serum Institute said it can ramp up the production to 10 crore, the Hyderabad-based Bharat Biotech said they can raise the production to 7.8 crore doses till August


BusinessToday.In
May 13, 2021
Oxygen supplied is of 98.6 per cent purity and has received necessary medical-grade certifications. Vedanta is now working with experts to resolve logistics involved in transporting oxygen to required parts of India


BusinessToday.In
May 13, 2021
Talking to the media following a state cabinet meeting, Maharashtra Health Minister Rajesh Tope said the vaccination for the 18-44 years age group will start after Covishield vaccine doses are received


PTI
May 13, 2021
The resurgence in COVID-19 cases and deaths in India has raised questions on the potential role of B.1.617 and other variants (e.g., B.1.1.7) in circulation, the latest WHO update said


BusinessToday.In
May 13, 2021
On Wednesday, Sensex ended 471 points lower at 48,690 and Nifty lost 154 points to 14,696


Reuters
May 13, 2021
We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel, Musk wrote


Sarthak Dogra
Noida, May 13, 2021
Tesla has suspended the use of Bitcoin for the sale of its electric vehicles due to the environmental impact of Bitcoin mining. The company says that it is looking at other cryptocurrencies that are environmental-friendly as an alternative.


Reuters
May 13, 2021
Bitcoin, the world's biggest digital currency, fell more than 7% after the tweet and was trading at $52,669


PTI
May 13, 2021
AIF has raised $25 million so far, making it the highest amount raised by an Indian-American non-profit body


Rukmini Rao
New Delhi, May 13, 2021
ShareChat and Moj, operated by Mohalla Tech, were founded by Farid Ahsan, Bhanu Pratap Singh and Ankush Sachdeva


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