liquor sales down by 29% in first half of 2020-21

New Delhi: There has been a steep decline in liquor sales during the Corona period. In the first quarter of the current fiscal, liquor sales have fallen by 29 per cent. Everything remained closed during the tight lockdown for the first two months. The sale of liquor was then allowed,...

Biocon Biologics receives USD 150 million capital injection from Goldman Sachs

Bengaluru: Biocon Ltd, an innovation-led global biopharmaceuticals company, on Saturday announced that the Board of its subsidiary Biocon Biologics Ltd (Biocon Biologics) has approved a Rs 1,125 Crore (~USD 150 million) capital injection from Goldman Sachs.As per the terms of the proposed agreement, Goldman Sachs will be issued Optionally Convertible...

ECLGS needs to be extended to more stressed sectors: CII to FinMin

New Delhi: The Confederation of Indian Industry (CII) has written to the Finance Ministry urging the government to explore an Emergency Loan Credit Guarantee Scheme (ECLGS) to support the resource starved stressed sectors. As per the industry body prolonged strain on employment-intensive stressed sectors could impede overall economic recovery. In...

CAIT demands compensation for traders’ losses

New Delhi: The Confederation of All India Traders (CAIT) on Sunday said states that have banned sale of firecrackers should compensate firecracker traders for the losses suffered by them due to the ban. CAIT in a statement demanded that Delhi Chief Minister Arvind Kejriwal and chief ministers of other states...