Category: Business

Business

Clinical trials of Spanish tuberculosis vaccine MTBVAC begin in India

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Vaccine maker Bharat Biotech is conducting the trials in partnership with Spanish biopharmaceutical company Biofabri. File Clinical trials of Spanish tuberculosis (TB) vaccine MTBVAC have begun in India. Vaccine maker Bharat Biotech is conducting the trials in partnership with Spanish biopharmaceutical company Biofabri that is responsible for clinical and industrial development of the vaccine developed…

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Why is the DGCA firm on new rest rules for pilots? | Explained

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The Directorate General of Civil Aviation had notified the revised rules governing duty hours and rest periods for pilots in January 2024. Photo: dgca.gov.in/ The story so far: The Directorate General of Civil Aviation (DGCA) has rejected a request by airlines to postpone new pilot duty norms, reiterating that the revised schedule will have to…

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ADNOC Govt. allows UAE’s Adnoc to export oil from Indian strategic storage

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A worker injects a car with fuel at an ADNOC petrol station in Abu Dhabi, United Arab Emirates. File | Photo Credit: REUTERS The government has allowed Abu Dhabi National Oil Company (Adnoc) to export crude oil it has stored in underground strategic storages at Mangalore to give operational flexibility to the foreign firm, an…

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Govt extends ban on onion exports till further orders

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The export ban on onion has been extended till further orders, a notification by DGFT said. File | Photo Credit: SHIV KUMAR PUSHPAKAR The Government has extended the export ban on onion till further orders, according to a notification of the Commerce Ministry. Earlier, it was prohibited till March 31 this year. “Export prohibition on…

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Top 1% Indians’ income share is higher now than under British-rule: Data

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Dharavi, one of Asia’s largest slums, in Mumbai., located alongside skyscrapers and luxury apartments | Photo Credit: Reuters In 2022, 22.6% of the national income went to the top 1% of Indians. Cut to 1951, their share in the income was only 11.5% and even lower in the 1980s — just before India opened up its…

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‘Past decade saw inequality dip with inclusive growth’

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Without wading into the debate over the rise in income and wealth inequality in the country, the Finance Ministry on Friday asserted that India has experienced “inclusive growth” over the past decade, citing “reassuring findings” of the Household Consumption Expenditure Survey of 2022-23.  “The rural-urban divide in MPCE [monthly per capita consumption expenditure] has declined considerably….

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Real GDP growth may hit 8% this fiscal year, signals FinMin

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Strong growth accompanied by stable inflation and external account and progressive employment outlook will help the Indian economy close the current financial year on a positive note. Representational file image. | Photo Credit: Reuters India’s economy may well end up growing by about 8% this fiscal, outstripping the 7.6% real GDP growth projected by the…

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Stock markets rise for 3rd session; Sensex gains 190 points

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Benchmark equity indices Sensex and Nifty closed higher for the third straight session on Friday, following gains in index majors L&T, ITC and Maruti and a record rally in the U.S. markets after the Federal Reserve indicated three rate cuts this year. After falling in early trade, markets staged a smart recovery. The 30-share BSE…

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