The share purchase agreement was finalized on Saturday. In a media release, ITC said Sunrise is a market leader in eastern India. Read more at: https://economictimes.indiatimes.com/industry/cons-products/fmcg/itc-acquires-sunrise-foods-to-strengthen-spice-business/articleshow/75950386.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
It has reiterated the demand for one-time restructuring of loans, additional institutional funding, waiver of penal interest, policy innovations for triggering demand including customer- centric tax treatment of real estate and control of cartelization of construction raw material. Read more at: https://economictimes.indiatimes.com/industry/services/property-/-cstruction/realtors-body-credai-approaches-pm-modi-seeking-support-for-sectors-survival/articleshow/75970758.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
“A block deal is expected tomorrow. Promoters plan to sell up to 2.75% stake,” a banker said. https://economictimes.indiatimes.com/markets/stocks/news/bharti-telecom-to-raise-1-billion-via-block-sale-of-airtel-shares/articleshow/75970713.cms
A significant reduction in open defecation is observed among households that already had toilets, however, the effect was less pronounced among households without toilets.
“We have sanctioned loans amounting to Rs 2,789 crore under agriculture, SHGs, Retail, MSMEs with almost one lakh beneficiaries between March 2020 and May 2020,” the lender said in a statement. Read more at: https://economictimes.indiatimes.com/industry/banking/finance/banking/bank-of-maharashtra-sanctions-rs-2789-crore-loans-over-3-months-to-msmes-others/articleshow/75943308.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
The month of April saw some risk returning and therefore the P-note numbers went back up. Read more at: https://economictimes.indiatimes.com/markets/stocks/news/investment-via-p-notes-up-at-rs-57100-cr-till-april/articleshow/75939616.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Currently, the top seven cities account for almost 70 per cent of India’s residential market, with the remaining 30 per cent accounted for in tier-II and III cities. This ratio may well change in times to come, it said. Read more at: https://economictimes.indiatimes.com/industry/services/property-/-cstruction/reverse-migration-may-raise-housing-demand-in-tier-ii-iii-cities-report/articleshow/75941133.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Dozens of researchers across the globe are racing against time to come out with a vaccine for coronavirus that has infected nearly five million people and killed over 3,30,000 globally. Read more at: https://economictimes.indiatimes.com/industry/healthcare/biotech/healthcare/india-will-have-to-play-key-role-in-mass-production-of-coronavirus-vaccine-france/articleshow/75940131.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
The warehousing sector, which was mainly concentrated in tier I cities – especially the major eight metros, had started shifting to tier II locations after certain policy initiatives, according to the experts. Read more at: https://economictimes.indiatimes.com/industry/services/property-/-cstruction/tier-ii-iii-cities-emerge-as-preferred-destinations-for-warehousing-industry-say-experts/articleshow/75940345.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
JioMart will compete with vertical online marketplaces such as Alibaba-backed BigBasket and SoftBank-funded Grofers and horizontal players including Amazon Pantry, Flipkart Supermart etc. https://www.financialexpress.com/industry/sme/mukesh-ambani-jiomart-expands-to-more-cities-offers-discounts-on-select-products/1968850/
