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Rural business growing 3x urban this fiscal: Britannia

Increased MNREGA spends, reverse migration and a good monsoon have caused a surge in rural consumption

Posted byJuly 31, 2020Posted inAudio

Xiaomi, TCL, trade bodies welcome TV manufacturing restrictions to boost Make in India

Primarily imported from China and South East Asia, the new amendment will require OEMs to furnish details such as the origin of the consignment, even when the shipment is routed through a different country

Posted byJuly 31, 2020Posted inAudio

NITI Aayog recommends privatisation of 3 public sector lenders

NITI Aayog has recommended the government to privatise three public sector banks – Punjab & Sind Bank, UCO Bank and Bank of Maharashtra

Posted byJuly 31, 2020Posted inAudio

‘We have built strong immunity’, says SBI Chairman as bad loans drop in Q1

The lender reported an 81 per cent surge in profit and better asset quality as bad loan provisions dropped. Its provision coverage ratio, or the percentage of funds set aside for loan losses, was 86.32 per cent

Posted byJuly 31, 2020Posted inAudio

US spends $2.1 billion more over potential COVID-19 vaccine

The United States will pay up to USD 2.1 billion for development including clinical trials, manufacturing, scale-up and delivery of its vaccine,” the companies said in a statement. Sanofi will get the bulk of the funds

Posted byJuly 31, 2020Posted inAudio

No cut in govt’s Q1 spending even as revenues dip 48%

The areas which have seen significant jump in terms of spending this year include rural development, agriculture, highway and road transport and labour and employment

Posted byJuly 31, 2020Posted inAudio

‘Coronavirus vaccine progressing well, got good data,’ says AstraZeneca

AstraZeneca has already reached deals with countries to make more than 2 billion doses of its COVID-19 vaccine, developed in partnership with the University of Oxford, and says it could be approved by the end of this year

Posted byJuly 31, 2020Posted inAudio

Apple reports unexpected earnings amid COVID-19, market shrugs off iPhone delays

Apple Chief Financial Officer Luca Maestri also confirmed supply chain rumblings that the new lineup of iPhones, usually released in late September, would face delays of a few weeks

Posted byJuly 31, 2020Posted inAudio

Wipro chosen as strategic partner to drive IT transformation at Metro Bank

As part of this partnership, Wipro said in a statement it will leverage its digital and quality engineering capabilities to drive transformation through automation, service virtualisation and DevSecOps enablement

Posted byJuly 31, 2020Posted inAudio

Coronavirus vaccine: UK’s Imperial College scientists to immunise hundreds in early-stage trial

The Imperial vaccine uses synthetic strands of genetic code based on the virus. Once injected into a muscle, the body’s own cells are instructed to make copies of a spiky protein on the coronavirus

Posted byJuly 31, 2020Posted inAudio

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