FM holds talks with states on Budget plans – Times of India

NEW DELHI: As part of pre-Budget deliberations, finance minister Nirmala Sitharaman on Monday held a meeting with state FMs, who suggested steps to revive growth and boost revenue collection against the backdrop of the Covid crisis. Sitharaman noted the importance of the meet as a sign of cooperative federalism. Most participants thanked the FM for … Read more FM holds talks with states on Budget plans – Times of India

Centre issues Letter of Comfort to Bharat Biotech for 45 lakh doses of Covaxin

Bharat Biotech said it has also donated 16.5 lakh doses to the Government of India Bharat Biotech has secured a fresh Letter of Comfort from the Centre for another 45 lakh doses of its COVID-19 vaccine, Covaxin, sources said. Also read: COVID-19 vaccine: Six out of 243 centres to get Covaxin Out of the 45 … Read more Centre issues Letter of Comfort to Bharat Biotech for 45 lakh doses of Covaxin

Change your important Aadhaar card details in a jiffy, all you need is your mobile phone and an OTP

New Delhi: In the backdrop of Covid-19 pandemic, Aadhaar issuing body  Unique Identification Authority of India (UIDAI)  had recently annouced a major update allowing people to make changes in their Aadhaar details from the comfort of their home. Now you can do it online, without having to go to any Aadhaar Kendra. All you need is just … Read more Change your important Aadhaar card details in a jiffy, all you need is your mobile phone and an OTP

Chinese Stock Fund Attracts Record $37 Billion In First-day Subscriptions – State Media

SHANGHAI: A Chinese mutual fund attracted a record $37 billion worth of investor subscriptions on the first day of sales, state media reported, reflecting Chinese retail fever toward stocks. E Fund Management Co launched the fund on Monday and raised 237 billion yuan ($36.6 billion) in subscription money, nearly 16 times its fundraising cap of … Read more Chinese Stock Fund Attracts Record $37 Billion In First-day Subscriptions – State Media

Entry of Tesla in India doesn’t worry us: Mercedes-Benz – Times of India

NEW DELHI: Mercedes-Benz, the leader of the Indian luxury car market, has said that the entry of Tesla “doesn’t worry the company at all” and added that the addition of the American electric giant will only help in strengthening the position of premium green cars in the country. Martin Schwenk, who leads Mercedes in India, … Read more Entry of Tesla in India doesn’t worry us: Mercedes-Benz – Times of India

IMF chief sees ‘high degree of uncertainty’ in global outlook – Times of India

WASHINGTON: The head of the International Monetary Fund said on Monday the global economic outlook remained highly uncertain given the coronavirus pandemic, and a growing divergence between rich and poor countries required the IMF to find more resources. IMF managing director Kristalina Georgieva told reporters a new allocation of the IMF’s own currency, Special Drawing … Read more IMF chief sees ‘high degree of uncertainty’ in global outlook – Times of India

Budget 2021 seen raising import duties by 5%-10% on dozens of items: Report – Times of India

NEW DELHI: India is considering hiking import duties by 5%-10% on more than 50 items including smartphones, electronic components and appliances in the upcoming budget, three government sources privy to the discussions told Reuters on Monday. The move to increase import duties is part of Prime Minister Narendra Modi’s self-reliant India campaign that aims to … Read more Budget 2021 seen raising import duties by 5%-10% on dozens of items: Report – Times of India

Avian flu outbreak to hit Jan. poultry sales: Crisil

The bird flu outbreak in India could impact poultry sales by a third this month, but the industry will likely bounce back in quick time, with profitability intact for the full fiscal. This has been indicated by Crisil’s analysis of 87 poultry companies, which account for 30% of the industry’s revenue. The flu has led … Read more Avian flu outbreak to hit Jan. poultry sales: Crisil

Mindtree net jumps 65.7% to ₹326.5 crore

Mindtree on Monday reported third-quarter net profit jumped 65.7% to ₹326.5 crore on strong demand for cloud and digital services. Profit a year-earlier was ₹197 crore. The company’s profit on a sequential basis grew by 28.7% from ₹253.7 crore in the September quarter of the current fiscal. Consolidated revenue grew 3% to ₹2,023.7 crore in … Read more Mindtree net jumps 65.7% to ₹326.5 crore

China’s economy grows 2.3%, slowest pace in 44 years

Stimulus created 11.86 mn urban jobs. China said on Monday its economy expanded in 2020 by 2.3% , the slowest pace of growth since the end of Mao Zedong’s Cultural Revolution in 1976. China will, however, likely be the only major economy to have avoided a contraction in a pandemic-hit year, underlining its strong recovery … Read more China’s economy grows 2.3%, slowest pace in 44 years