Medically Correct, a Denver-based maker of cannabis-infused edibles, has decided to terminate its acquisition by Schwazze, according to reports. Bob Eschino, President of Medically Correct, has reportedly informed Schwazze of the company’s decision to terminate the deal and instead, focus…
Read MoreRural lending reviving, agri gives hope: Confederation of Indian Industries
Steps needed to mitigate uncertainty due to mini lockdowns, build on signs of V-shaped recovery: CII There are early signs of a V-shaped recovery in the economy in the immediate aftermath of the lockdown, driven mostly by agriculture and rural…
Read MorePeople’s Bank of China pares stake in HDFC to less than 1%
Central bank cuts holding in the wake of Centre’s curbs on Chinese investments People’s Bank of China (PBOC), the country’s central bank, has cut its stake in mortgage lender Housing Development Finance Corp. Ltd. in the quarter ended June 30,…
Read MoreAuto, pharma unready to wean off China
Industry depends heavily on Chinese supplies; executives say being more self-reliant will take time Days after a border clash with China this month in which 20 Indian soldiers were killed, New Delhi told firms to find ways to cut imports…
Read MoreCut non-core expenditure: FinMin to banks
Diktat to PSBs to cut 20% non-core spending follows PNB’s purchase of 3 Audis The Finance Ministry has asked public sector banks (PSBs) to cut non-core expenditure by at least 20% this year so that they can ensure productive use…
Read MoreSignificant companies can send important signal to the market: Bezos
Infosys, Reckitt Benckiser and Verizon have signed The Climate Pledge committing to become net zero carbon across their businesses by 2040 Infosys, Reckitt Benckiser and Verizon have on Tuesday signed The Climate Pledge committing to become net zero carbon across…
Read MoreSun Pharma initiates Phase-II clinical trial on AQCH for treatment of COVID-19 patients
The clinical trial will be conducted across 12 centers in India in 210 patients. Sun Pharmaceutical Industries Ltd. which includes its subsidiaries and/or associate companies has commenced Phase-II clinical trial on AQCH, a phytopharmaceutical (plant-derived) drug for treatment for COVID-19….
Read MoreGovt. invites applications for ₹50,000-cr. electronics-manufacture incentive schemes
IT and Telecom Minister Ravi Shankar Prasad said India was the second largest mobile manufacturer in the world, and was now working to lead the segment globally. The government on June 2 invited applications for ₹50,000 crore incentive schemes to…
Read MoreIDBI Bank in black after 13 quarters
Makes a strong pitch for exiting PCA restrictions; asset quality improves IDBI Bank has reported a net profit of ₹135 crore for the quarter ended March 31, 2020 compared to with a net loss of ₹4,918 crore in the year-earlier…
Read MoreAirports open their doors for domestic passengers after two months
Domestic air travel resumed on May 25 after two months even as a number of States were unenthusiastic about opening up their airports in view of rising COVID-19 cases causing around 630 flights to be cancelled. According to aviation industry…
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