Friday, Aug 7 2020 | Time 02:58 Hrs(IST)
image
  • War against COVID-19: Active cases lessen in MP
  • Global COVID-19 deaths surpass 710,000
  • Covid-19 cases in Nashik cross 18K-mark
  • CBI files FIR against Rhea Chakraborty and six others in Sushant Singh Rajput case
  • Covid-19 cases in Thane come close to 95K
  • At Least 20 Dead After Militia Attacks 3 Settlements in Northern Nigeria - Reports
  • J&K Panchayat members asks PM Modi to declare Pak as terrorist state
  • Covid-19 cases in Kolhapur breach 8,700
  • COVID 19 claims 19 lives, death toll swells to 388
  • COVID-19: 483 new patients found, 6 dead in Chhattisgarh
  • PM Modi congratulates Sri Lankan PM for successful conduct of elections
  • BSF orders action against doctor issuing fitness certificate to overweight jawan for training
  • ED attaches assets worth Rs 7 Cr of Chennai trader in bogus import case
Business Economy


Economic activity has started picking up: Piyush Goyal

New Delhi, May 29 (UNI) Commerce and industry Minister Piyush Goyal said that several indicators show that the economic recovery is on the anvil and called upon traders to promote local goods.
Addressing representatives of traders associations, via video conferencing on Thursday, Mr Goyal the power consumption this month is almost at par with the corresponding period last year, Oxygen production has come up.
''The Exports, which went down in April by almost 60 per cent, have started showing upward trend, and the preliminary figures indicate decline this month will be smaller. The Services exports, on the other hand, went up even the last month,'' he said.
He indicated that more than the fall in merchandise exports, the imports showed sharper decline last month, lowering the trade deficit.
Regarding some of the hardships being faced by the Retail traders even after the relaxations of the guidelines, the Minister said that a majority of shops have been allowed to be opened, without any distinction of essential and non-essential.
The decision to open the remaining shops in the malls, will be taken soon, after taking into account the guidelines of the Health Ministry.
Mr Goyal told the retail traders not to feel threatened by the e-commerce juggernaut, as the Common person has now realized that the Brick and Mortar kirana neighbourhood shopkeepers only helped them in their hour of crisis.
He said that during the lockdown period, the nation geared itself to fight against the Covid-19 pandemic and built capacities. The domestic manufacturing of the protection equipment like masks, sanitizers, gloves, PPE got a boost, health infrastructure was scaled up, and awareness was generated among the people.
More UNI RSA SB 1312
More News

Covistat, Biopharmaceutical Company Developing Low-Cost COVID-19 Treatment, Acquires IP From World Leader in Respiratory Disease Medicine

06 Aug 2020 | 11:02 PM

SAN DIEGO, Aug. 6, 2020 /PRNewswire/ -- A biopharmaceutical company repurposing nafamostat, a generic remedy for pancreatitis and acute kidney injury, is one step closer to a treatment in its fight against COVID-19. Covistat, an Ensysce Biosciences subsidiary, today announced its acquisition of Mucokinetica's technology and intellectual property, which will accelerate efforts to develop a low-cost treatment that helps the body's ability to block the coronavirus—and its mutating variations—from infiltrating our cells.

see more..

CoinPayments Launches Global Business Development & Partnerships Team, Hires Key Executives in North America and Europe to Drive Growth

06 Aug 2020 | 11:00 PM

GEORGETOWN, Cayman Islands, Aug. 6, 2020 /PRNewswire/ -- CoinPayments, the world's leading cryptocurrency payments processor, today announced the launch of its global business development and partnerships team, intended to drive growth across key North American and European markets. Sam Fagin joins as head of North America and Simon Bowles as European head. David Hunter, current chairman of the Emerging Payments Association will continue to serve as a CoinPayments advisor working directly with the business development team. Key initiatives include a significant push to increase the CoinPayments merchant base as well as a focus on services aimed at the intersection of capital markets and cryptocurrencies.

see more..

Media Advisory - BMO Financial Group to Announce its Third Quarter 2020 Results

06 Aug 2020 | 10:59 PM

TORONTO, Aug. 6, 2020 /PRNewswire/ -- BMO Financial Group will announce its third quarter 2020 financial results and hold its investor community conference call on August 25, 2020. Financial results will be issued in a news release at approximately 5:30 a.m. ET.

see more..

Alembic Pharmaceuticals raises INR 750 crores via QIP, issue subscribed by nearly 2x Monarch Networth Capital Ltd banker to the issue

06 Aug 2020 | 10:58 PM

MUMBAI, India, Aug. 6, 2020 /PRNewswire/ -- Alembic Pharmaceuticals, a Vadodara headquartered company, is a leading manufacturer of pharmaceuticals with three business verticals -International generics (~58%), Domestic branded formulations (~31%) and APIs (~11%). They have three R&D centres, two formulations, three API facilities and are coming up with three new plants i.e. oncology oral solids & injectable, general injectable & ophthalmic and an oral solid plant.

see more..

IBBI amends Liquidation Process regulations

06 Aug 2020 | 9:21 PM

New Delhi, Aug 6 (UNI) The Insolvency and Bankruptcy Board of India (IBBI) on Thursday amended the liquidation process regulations to address uncertainties in such cases involving multiple liquidators.

see more..
image