Banking

Top headlines: Coronaviurs vaccine, IDBI Bank stake sale, and more

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We are researching two candidates for Covid vaccines: Serum Institute CEO


Pune-headquartered Serum Institute of India (SII), the world’s largest vaccine maker by quantity, has been in the spotlight, having committed itself to supplying 3.2 billion doses of the Covid-19 vaccine. This is more than double the company’s FY20 production of 1.5 billion doses. Read More


AAI raises objections to Adani Enterprises branding in private airports


The Airports Authority of India (AAI), the state-owned airport operator, has objected to Adani Enterprises using its brand name in three airports — Mangaluru, Lucknow, and Ahmedabad — it (Adani) acquired two months ago. Read More



On the road to recovery: Marquee raise advance tax payment


Most marquee have increased their advance tax payment for the third quarter (October-December, or Q3) by double digits. It’s a sign that Corporate India is on the road to recovery. Read More


stake sale in limbo as govt faces legal hurdles in exit


The government is facing legal challenges in exiting It might have to repeal the same legislation under which IDBI was incorporated as a bank, but annulling it could leave the lender without a banking licence. Read More


60% of large-cap schemes underperform as rejig in weighting hits showing


Three of five (60 per cent) equity large-cap schemes have underperformed the Nifty100 index this calendar year (CY20).Seventeen of the 29 schemes underperformed the benchmark’s returns of 11.8 per cent in CY20, shows the data from Morningstar India. Read More


Tax parity with tops Afmi’s wish list ahead of Union Budget


Industry body Association of Mutual Funds in India (Amfi) has released a 10-point wish list ahead of the Union Budget 2021-22.


The pre-Budget proposals sent to the finance ministry aim to bring uniformity in tax treatment for investments in different financial sectors, mitigate hardship to retail taxpayers, and encourage participation in mutual funds (MFs). Read More


Large IT outsourcing contracts back on the market as clients optimise cost


Large IT outsourcing deals are back on the market and the pace seems to have gathered steam this year despite the ongoing pandemic. However, whether this is reason enough for the sector to rejoice, the answer is not straightforward as it should have been in normal time. Read More


InMobi Group: This Make-in-India innovator is raring to go places


Mobile advertisement and software company InMobi is all set to enter a phase of hyper-growth, and with this multiplies the tasks for founder and CEO Naveen Tewari. Read More

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