Saturday, Aug 15 2020 | Time 13:52 Hrs(IST)
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  • Sensex down 168 23 points during the week
  • Odisha reports a record spike of 2496 Covid +ve cases on a single day, Toll rises to 333
  • AP CM underlines need of three capitals
  • Short-circuit cuts off central oxygen line in CV Raman General hospital, 20 Covid-19 patients evacuated
  • TN will continue to be leading state in economic indicators : CM
  • India set to shut doors on Huawei and ZTE
  • Pranab Mukherjee's vitals stable; continues to remain on ventilator support
  • Prez pays tributes to martyrs at National War Memorial
  • US sees India as global power: Pompeo
  • TN CM announces hike in pension for freedom fighters
  • Sonowal lays stress on agri sector for ‘Atmanirbhar Assam’
  • India marching forward among comity of Nations : Purohit
  • Domicile policy not as per wishes of Adivasis and Moolvasis: CM
  • Road construction is necessary for border security: Modi
  • PM pitches for 'Atmanirbhar Bharat', says jawans gave befitting reply to those who dared
Business Economy


India: step up reform efforts to increase quality jobs and incomes, says OECD

New Delhi, Dec 5 (UNI) India is set for a modest recovery after a loss of momentum, as reforms to simplify taxation, lighten business regulations and upgrade infrastructure start to bear fruit, according to a survey.
Further reforms to modernise the economy are now needed to drive the creation of high-quality jobs, as well as measures to improve public services and welfare, states a new OECD report, presented on Thursday.
The latest Organisation for Economic Cooperation and Development Economic Survey of India notes that while the country has greatly expanded its participation in global trade in recent years, private investment remains relatively weak, the employment rate has declined amid a shortage of quality jobs, rural incomes are stagnating, and per-capita income varies considerably across states.
''India is now well established as a growth champion and a major player in the global economy,'' said the Paris-based OECD Chief Economist Laurence Boone, launching the Survey in New Delhi. ''However, this slower pace of growth underlines the need to fully implement existing reforms and continue lowering barriers to trade to generate the investment and jobs India needs to raise living standards across the country.''
The 36-nation OECD Survey sees India’s GDP growth recovering to 6.2% in 2020 and 6.4% in 2021 after dipping to 5.8% in 2019 following several years of robust growth. Restoring growth to the higher levels needed to provide ample jobs and ease inequality will require accelerating the pace of structural reforms to revive investment and exports.
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Mahindra unveils all-new Thar

15 Aug 2020 | 1:42 PM

Kolkata, Aug 15 (UNI) Mahindra & Mahindra Ltd., a part of the $19.4 billion Mahindra Group, today unveiled the All-New Thar, the most eagerly awaited and legendary SUV, on the occasion of India’s 74th Independence Day.

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Webinar on promoting steel-intensive construction

15 Aug 2020 | 11:46 AM

New Delhi, Aug 15 (UNI) Seeking to enhance awareness of steel usage in Construction & Infrastructure development sectors and bridge the gap between users’ and suppliers for promoting steel-intensive construction, the Steel ministry is organising a Webinar on August 18.

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Memo Therapeutics AG and Northway Biotechpharma Collaborate on the Fast-Track Manufacturing of a SARS-CoV-2-Neutralizing Antibody for the Therapy of COVID-19

15 Aug 2020 | 7:49 AM

SCHLIEREN, Switzerland and VILNIUS, Lithuania, Aug 15, 2020 /PRNewswire/ - Swiss biotech company Memo Therapeutics AG (MTx) and Northway Biotechpharma (Northway), a leading biopharmaceutical Contract Development and Manufacturing Organization (CDMO), announce a new partnership to manufacture MTx's therapeutic COVID-19 antibody candidate in a four-month fast-track process.

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Glenmark's consolidated revenue grew by 0 94 pc at Rs 23,447 87 Mn for Q1 FY 2020-21

15 Aug 2020 | 7:43 AM

MUMBAI, India, Aug 15, 2020 /PRNewswire/ -

Highlights for Q1 FY 2020-21
India Business grew by 3.68 % to Rs. 7798.95 Mn. Europe Business grew by 12.77% to Rs. 2738.73 Mn. US Business grew by 1.61% to Rs. 7426.42 Mn. API Business grew by 1.83% to Rs. 2348.30 Mn. ROW Business experienced de-growth of (18.05%) to 2120.18 Mn.

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