Business News

India removes import duty on remdesivir

India removes import duty on remdesivir

New Delhi, April 20 (IANS) India has removed import duty on remdesivir, an anti-viral drug which is currently used to treat Covid-19 patients.The Ministry of Finance, in a notification issued on late Tuesday night, removed the duty on import of pharmaceutical ingredients used to manufacture of the d...

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Hero MotoCorp to temporarily suspend ops as precautionary measure

Hero MotoCorp to temporarily suspend ops as precautionary measure

New Delhi, April 20 (IANS) Keeping with the commitment to the safety and welfare of its people, two-wheeler giant Hero MotoCorp has decided to proactively halt operations on a temporary basis at all of its manufacturing facilities across the country.Accordingly, operations will temporarily be suspen...

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Regulator partially lifts B737 Max's ops ban

Regulator partially lifts B737 Max's ops ban

New Delhi, April 20 (IANS) India's civil aviation regulator Directorate General of Civil Aviation (DGCA) partially lifted the operational ban on the Boeing 737 Max aircraft.Accordingly, conditional approval has been granted to foreign airlines to operate the aircraft through Indian air space with pr...

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MyDentalPlan raises $700,000 in seed funding, plans expansion

MyDentalPlan raises $700,000 in seed funding, plans expansion

New Delhi, April 20 (IANS) Bengaluru-based IT-enabled healthcare company, MyDentalPlan Healthcare Pvt Ltd has announced that it has secured a seed funding of $700,000 from SafePlanet Medicare LLP.Having made significant inroads in the wholesale market, MyDentalPlan is now planning to foray into the ...

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Duty cut, jewellery demand boosts gold imports: GJEPC

Duty cut, jewellery demand boosts gold imports: GJEPC

New Delhi, April 20 (IANS) Multiple factors, including high demand in gems and jewellery along with duty cut in gold, contributed to the rise in imports of gold to 160 tonnes, a growth of 471 per cent as compared to the same period last year, according to Gem and Jewellery Export Promotion Council (...

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New lockdown norms panics market, Sensex ends in red

New lockdown norms panics market, Sensex ends in red

Mumbai, April 20 (IANS) India's key equity indices ended Tuesday's trade in the red after more stringent lockdown norms were announced by the Maharastra government.The new norms panicked investors into a late session sell-off.Both the key indices ceded their early gains which came a day after the Ce...

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itel and Jio to bring in superior mobile experience for Bharat

itel and Jio to bring in superior mobile experience for Bharat

New Delhi, April 20 (IANS) itel is all set to enter into an exclusive partnership with Reliance Jio to bridge the digital divide by offering affordable mobile-based connectivity solutions for the new India -- Bharat.The partnership, which might be announced in May, would focus on the feature phone u...

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Power under GST law to order provisional attachment 'draconian': SC

Power under GST law to order provisional attachment 'draconian': SC

New Delhi, April 20 (IANS) The Supreme Court on Tuesday said the rule of law in a constitutional framework is fulfilled when law is substantively fair, procedurally fair and applied in a fair manner, as it held that the power to order a provisional attachment of property, including a bank account, o...

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Foldables smartphones to reach 18M units globally by 2022

Foldables smartphones to reach 18M units globally by 2022

New Delhi, April 20 (IANS) Foldables which accounted for just a fraction of a per cent of the 1.3 billion total addressable market in smartphones last year are expected to reach 1.2 per cent (18 million units) by 2022, a new report said on Tuesday.According to Counterpoint Research's ‘Q1 2020 Foldab...

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'Tapping food processing sector to support agrochem industry'

'Tapping food processing sector to support agrochem industry'

New Delhi, April 20 (IANS) Agrochem company Insecticides (India) Ltd has said that government's focus on the food processing industry will also support the agrochemical industry.The company said implementing robust farmers' education programme and improving R&D investments by all industry players ar...

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