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Monthly Archives: June 2020

MMRDA rejects Chinese firms for monorail rakes procurement, will give contract to Indian firms

The decision has come at a time when the clamour for boycott of Chinese products growing louder, following China’s attack on the Indian soldiers at Galwan Valley in Ladakh which left 20 Indian Army personnel dead and many others severely injured

Posted byJune 19, 2020Posted inAudio

Nitin Gadkari calls Environment Ministry guidelines outdated, hindrances to growth

Recounting his interactions with the officials, Gadkari said he once asked someone if bamboo is a tree or a grass. When told that it is the latter, he sought to know the reasons as to why the same cannot be cut

Posted byJune 19, 2020Posted inAudio

Was there intelligence failure on situation along LAC with China: Sonia asks govt at all-party meet

In her introductory remarks at an all-party meeting convened by Prime Minister Narendra Modi on the situation along the Line of Actual Control (LAC), Gandhi posed a set of questions to the government

Posted byJune 19, 2020Posted inAudio

Govt approves Glenmark’s favipiravir for COVID-19 treatment

Glenmark said the approval was part of India’s accelerated approval process and the drug was meant for ‘restricted emergency use,’ meaning patients must sign their consent before being treated by the drug

Posted byJune 19, 2020Posted inAudio

China’s India investment shows energy, tech bias; $15 billion invested since 2007

The data set covering China’s global investment shows that in the last two years maximum number of Chinese firms invested in India

Posted byJune 19, 2020Posted inAudio

RIL’s market cap rises to a record 8.53% of market value of NSE firms

Market cap of Reliance Industries climbed to Rs 11.52 lakh crore comprising 8.53% of the total market cap of Rs 135.02 lakh crore on NSE

Posted byJune 19, 2020Posted inAudio

ED pulls up 5 firms over illegal hedging of forex worth Rs 905 crore

Enforcement Directorate had initiated its investigation under the provisions of FEMA on the basis of information from Ministry of Finance

Posted byJune 19, 2020Posted inAudio

Coronavirus vaccine: Millions doses can be produced this year, 2 bn in 2021, says WHO

Around 10 potential vaccines are now undergoing trials in humans, in the hope that a shot to prevent infection can become available in coming months

Posted byJune 19, 2020Posted inAudio

US mulls restoring India’s beneficiary status under GSP, says top official

We’re in negotiations with India, we took away their GSP, and we’re in the process of restoring it if we can get an adequate counterbalancing proposal from them, US Trade Representative Robert Lighthizer told members of the Senate Finance Committee

Posted byJune 19, 2020Posted inAudio

Coronavirus effect: Moody’s changes Tata Motors’ outlook to negative, downgrades rating

Although the company commands a 43 per cent market share in the domestic commercial vehicle segment, Moody’s said it expects around 25 per cent decline in its wholesale unit sales in fiscal 2021 on the back of a 34 per cent decline in fiscal 2020

Posted byJune 19, 2020Posted inAudio

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