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Business News Domestic Markets News Stocks

Investors Need to be Careful In Canny Market

investors-need-to-be-careful

Investors need to be more careful in the current market while investing as it tends to bring investors in and then trap them. Even after the reopening of malls, hotels, restaurants, shops, and cinema halls have majorly remained empty. But the domestic equity market is overflooded with traders.

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Business News Domestic Healthcare Industry News

The Revival of Pharma Ancillary Indutsry requires Urgent Action : IPA

immedidate-action-required-to-revive-pharma-ancillary-industry-says-ipaThe IPA said on Monday, “The ancillary industry, a major contributor for the pharma sector success in the country has faced serious constraint due to a number of factors imposed during nationwide lockdown needs of some concerted efforts for revival”.

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Business News Domestic Healthcare Markets News Stocks

Share Market Update Pharma Shares Trade Higher; Sun Pharma Gains 2%

share-market-update-pharma-shares-risenbsp-sun-pharma-gains-2brPharma shares traded higher with higher index sector trading in Friday’s session. Pharma sectoral index traded 0.85 per cent up at 10163.95 points.

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Business News Domestic Healthcare Industry News

Local Pharma API Companies to get Rs 10,000 crore boost

scheme-boost-domestic-API-IndustryDomestic companies investing in producing 53 crucial active pharmaceutical ingredients (APIs) will be getting an incentive of Rs 10 crore each from the government. India is the third-largest pharmaceutical industry country in the country but the domestic drug industry is dependent on imports from China.

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Domestic News

Safe Harbour System Rates Unchanged 2020-2021

safe-harbour-framework-rates-unchangedThe Safe Harbour Framework rate remains unchanged for the assessment year 2020-2021. The appeal for a rate reduction by Covid-19 pandemic hit industries has been refused.

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Business News Domestic Industry News Telecom

Private Equity Firm Atlantic to Invest in Jio Platforms

Atlantic-Invest-in-Jio-PlatformsGeneral Atlantic to Invest Rs 6,598.38 crore in Jio Platforms after Facebook, Silver Lake, and Vista Equity Partners. General Atlantic also known as a marquee global investor will now hold an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh Crore in Jio enterprises.

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Business News Domestic Economy Finance News

The Mega Stimulus Package of Rs 20 Lakh Crore

Mega-Stimulus-Package-Rs-20-Lakh-CroreNew Delhi, India: India’s Rs 20 lakh crore COVID relief package is one of the largest among the world announced on Tuesday by Prime Minister Narendra Modi. PM also announced previously taken measures to save the COVID impacted the economy by focusing on breaks of taxes for small scale businesses and providing incentives to domestic manufacturing units.

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Business News Domestic International Mutual Funds News

Debt, Hyrbid Funds Advisors blaming Franklin Fiasco for Seeing large outflows in April

Advisors-blaming-Franklin-FiascoThe Franklin Templeton mutual fund fiasco seems to hit mutual funds very badly. Most debt mutual fund categories witnessed very huge outflows in the last month i.e., April. The category hit very badly out of all is credit risk funds, which saw an outflow of Rs 19238.92 crore in April- data sourced by AMFI (Association of Mutal funds in India).