[ad_1] In her Budget speech Tuesday, Finance Minister Nirmala Sitharaman said, “To provide relief to cancer patients, I propose to fully exempt three more medicines from customs duties,” she said, referring to trastuzumab deruxtecan, osimertinib and durvalumab, three targeted therapy drugs with effective treatment outcomes that work by precisely identifying and inhibiting the growth of […]
14-hour work day in IT sector: Employees union slams Karnataka govt’s plans | Bangalore News
[ad_1] Karnataka State IT/ITeS Employees’ Union (KITU) has urged the Siddaramaiah-led government to reconsider its reported plans to extend the working hours of the IT/ITeS/BPO sector. According to the union, the government plans to increase the working hours to 14 hours a day. The proposal to amend the Karnataka Shops and Commercial Establishment Act in […]
Private sector quota bill to be taken up in next cabinet meeting to discuss “confusions”: Karnataka CM Siddaramaiah | Bangalore News
[ad_1] Karnataka Chief Minister Siddaramaiah on Thursday said his government has decided to withhold the bill mandating job reservation for Kannadigas in the private sector due to “certain confusion.” He said the bill will be taken up for discussion in the next cabinet meeting to clear the doubts. “On Monday, complete discussion (on the topic) […]
Q1 Earnings: Wondering what’s in store this earnings season? View Sector Wise Preview of Brokers
[ad_1] Several brokerages have come out with reports that give insight into how different sectors performed in the June quarter and what investors should expect during the earnings season. While some sectors are yet to be previewed by the analysts, the areas that have been previewed are discussed below: IT Sector Kotak Institutional Equities expects […]
Auto Stock: PV or 2-Wheeler? How to play the upcoming rally in the auto sector
[ad_1] NEW DELHI: At a time when the market was bullish, the auto sector declined. And now, when the market is in complete disarray, strength seems to have returned to auto counters, helped by healthy volumes and commodity gains after the government took steps to reduce steel prices. are supposed to. nifty The auto index […]
CIL floats first tender for import of 2.416 MT coal for power sector
[ad_1] state ownership Coal India On Thursday it said it has floated its first tender for importing 2.416 million tonnes of coal to ensure adequate supply of fuel to power plants in the country. The development assumes significance in view of all the efforts made by the government to stockpile coal. To avoid a repeat […]
Public sector banks will prepare a road map for 3 years under the new initiative
[ad_1] Every public sector bank will have to prepare a three-year road map based on its business priorities, as part of a remedial reforms initiative launched by Finance Minister Nirmala Sitharaman on Wednesday. EASENext, the latest and revised version of the EASE (Enhanced Access and Service Excellence) reform program for PSBs, will have two components: […]
Public sector bank employees threaten to go on strike on June 27
[ad_1] Employees of public sector banks on Wednesday threatened to go on strike on June 27 to press for pension-related issues and their demand for five days’ work. An umbrella body of nine bank unions including United Forum of Bank Unions (UFBU), All India Bank Officers’ Confederation (AIBOC), All India Bank Employees Association (AIBEA) and […]
UltraTech Cement Rating: Hold; Capex expected to worsen sector sentiment
[ad_1] In the current times of weak demand, low price power, high fuel cost and uncertainty related to entry of a new aggressive player (Adani Group), any significant capacity announcement is likely to further hurt the sentiments of the sector. Looking at the background, UltraTech CementThe F25E’s plan to add 22.6mpta (~17% of its capacity) […]
Core sector output hits six-month high of 8.4% in April
[ad_1] According to official data released on Tuesday, infrastructure industries grew 8.4% year-on-year in April, a six-month high. The core sector saw an exceptionally high growth rate of 62.6% in April 2021, mainly due to the low base effect as Covid disrupted economic activity in the month before. Barring crude oil and steel, all other […]