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Business

Biden admin supports waiving intellectual property rights for COVID vaccines

Washington: The Biden administration supports waiving intellectual property protections for COVID-19 vaccines due to the global emergency triggered by the pandemic, US Trade Representative Katherine Tai said Wednesday.“This is a global health crisis, and the extraordinary circumstances of the...

RBI come out with a timely and proactive set of announcements for all stakeholders: PNB CEO

Kolkata: RBI has come out with a timely and proactive set of announcements for all stakeholders, including individuals, small businesses, and MSMEs, to mitigate the incipient challenges and support growth impulses at the ground level.Simultaneously, measures have been...

Cabinet approves strategic disinvestment & transfer of management control in IDBI Bank Ltd

New Delhi: The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Wednesday gave in-principle approval for strategic disinvestment along with transfer of management control in IDBI Bank Ltd.The extent of respective shareholding to be divested...

Flybig to start operations in NE from Friday

New Delhi/Guwahati: Newly launched domestic airlines flybig will start its operations in the North-East region starting from May 7.Flights will connect Guwahati, Rupsi and Kolkata initially. In due course, other destinations like Agartala, Dibrugarh, Tezu and Pasighat in Arunachal...

Domestic air passenger traffic declines by 29 pc in Apr: ICRA

New Delhi: As a result of second wave of Covid-9 Indian carriers hit turbulence in April 2021 with a sharp decline in the number of flyers, said ICRA, the investment information and credit rating agency, today.April 2021 witnessed a...

RBI announces Rs 50,000 crore cheap loans for vaccine, health firms amid Covid-19 crises

Mumbai: To check the devastating coronavirus that gripped the country, the Reserve Bank of India on Wednesday announced a targeted on-tap liquidity window of Rs 50,000 crore to set up Covid-related healthcare infrastructureIn a virtual meeting today, the RBI...

Bill and Melinda Gates to divorce with $146 billion at stake

Bill and Melinda Gates, who for decades have overseen one of history's greatest fortunes and philanthropic operations, said they plan to divorce.The announcement Monday that the couple is splitting after 27 years of marriage has the power to ripple...

Verizon sells Yahoo, AOL and media assets to Apollo in $5 billion deal

Midtown Manhattan: Verizon is selling its media assets, including AOL and Yahoo, to Apollo Global Management for $5 billion, the telecommunications firm said on Monday.The new company will be known as Yahoo once the deal is closed, and will...

SBI allocates Rs 70 crore to combat the 2nd wave of COVID-19

Kolkata: True to its vision and mission to support the country in fighting with adverse situations, State Bank of India (SBI) has allocated Rs. 71 Crore to undertake various support initiatives to help the country combat the second wave...

IDBI Bank Q4 consolidated net soars by 230.70% to Rs 547.93 cr

Mumbai: IDBI Bank has posted net profit a Jump of 230.70 per cent in its consolidated net profit for the quarter ended March 31, 2021 at Rs 547.93 crores as against net profit of Rs 165.69 crores for the...

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Manipur King calls for return of ‘lost territory’, Congress counters with historical facts

Imphal: Manipur’s Titular King, Maharaja Sanajaoba Leishemba, has urged the Indian government to explore the possibility of reclaiming Kabaw...