BUSINESS
Tata Digital to acquire majority stake in 1MG
1MG operates three state-of-the-art diagnostics labs, has a supply chain covering over 20,000 pin codes across the country and through its subsidiaries is also engaged in the business of B2B distribution of medicines and other healthcare products. The investment in 1MG is in line with Tata Group's vision of creating a digital ecosystem that addresses consumer needs across categories in a unified manner.
Stock Talk: Top 5 Hospital and Healthcare Stocks On Market Today
The hospital industry in India, accounting for 80% of the total healthcare market, is witnessing a huge investor demand from both global as well as domestic investors.
Equity indices in green; metal stocks rise
Healthy buying was seen in metal and healthcare stocks. Around 10.10 a.m., Sensex was trading at 52,094.60, higher by 152.96 points or 0.29 per cent from its previous close of 51,941.64. It opened at 52,143.90 and has so far touched an intra-day high of 52,152.55 and a low of 51,957.92 points.
Jio named India's strongest brand in Brand Finance report
Jio is also the world's strongest telecom brand, as per Brand Finance. The report noted that despite being founded only in 2016, Jio has quickly become the largest mobile network operator in India and the third-largest mobile network operator in the world, with almost 400 million subscribers.
India can save logistics fuel worth Rs 311L cr in next 3 decades: Report
Due to the rising demand for goods and services, freight transport demand is expected to grow rapidly in the future. While freight transport is essential to economic development, it is plagued by high logistics costs and contributes to rising CO2 emissions and air pollution in the cities.
SBI to withdraw fraud tag on Reliance Infratel Ltd
Reliance Projects and Property Management Services, a part of Reliance Industries Group, was the successful resolution partner in the CIRP (Corporate Insolvency Resolution Process) of Rel Infratel Ltd. It won the right to acquire 100 per cent shareholding of Rel Infratel Ltd.
Kharif paddy MSP hiked by Rs 72 per quintal, cotton by Rs 211
The MSP of paddy of both grades have been increased by Rs 72 per quintal, jowar by Rs 118, bajra by Rs 100, ragi by Rs 82, and arhar and urad by Rs 300 per quintal. The increase in MSP for kharif crops for marketing season 2021-22 is in line with the Union Budget 2018-19 announcement of fixing the MSPs at a level of at least 1.5 times of the all-India weighted average Cost of Production (CoP)
Faster vaccination, frontloading of fiscal steps key to recovery: Finance Ministry
The Department of Economic Affairs (DEA) noted that provisional GDP estimates available for January-March quarter (Q4) of FY 2020-21 confirm a V-shaped recovery in India's economic prospects in the second half of the year, after an unprecedented Covid-19 induced contraction.
No effect of SEBI order on ongoing monetisation of shut schemes: Franklin Templeton
In a letter to the investors, Franklin Templeton Asset Management (India) Pvt Ltd President, Sanjay Sapre, said that the order has no impact on any scheme across segments managed by the fund house. "The SEBI order does not impact the current monetisation process of the six debt schemes under winding up being undertaken by the liquidator.
Equity MFs' net inflows at over Rs 10K cr in May: AMFI
As per the data furnished by the Association of Mutual Funds in India (AMFI) on Wednesday, the net inflows stood at Rs 10,082.98 crore. In April, the equity-linked mutual fund schemes' net inflows stood at Rs 3,437.37 crore. Similarly in March, the inflows stood at Rs 9,115.12 crore. However, in February, the equity-linked mutual fund schemes' net outflow stood at Rs 4,534.36 crore.
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