Business

The first such congressional review of the tech industry, it aimed to determine whether existing competition policies and century-old antitrust laws are adequate.

RBI's board member Satish Marathe said public sector banks need an overhaul of their systems, processes and staff attitudes to be relevant and effective in the future.

A separate statement issued by Shibulal's family office said the proceeds will be utilised for philanthropic and investment activities.

The company hopes that the easy accessibility and affordable price of treatment will offer Indian citizens a timely, much-needed therapeutic solution..

India, the world's third biggest oil consumer and importer, received 3.2 million barrels per day (bpd) oil in June, a decline of 0.4% from May and about 28.5% from a year ago, the data showed.

Glenmark also denied making any claims that "favipiravir alone" is effective in treatment of mild-to-moderate COVID-19 patients.

In a statement, the Finance Ministry said various chemicals, packing materials and input services, among others, used for manufacturing hand sanitisers also attract a GST rate of 18 per cent.

RP-Sanjiv Goenka (RPSG) Group has acquired 51 per cent stake through a combination of primary and secondary transaction in Editorji Technologies, started by former chief executive officer of NDTV Ltd Vikram Chandra, said a statement.

The annual wholesale price index fell in June, mainly because of a fall in fuel prices, from a year earlier, compared to 2.40% fall predicted by analysts in a Reuters poll

Consumers stocked up on snacks, from potato chips to dips, as many were forced to work from home and students attended classes online to curb the spread of the virus.

Qualcomm is the third strategic investor after Facebook Inc and US semiconductor company Intel in Jio Platforms, which comprises telecom company Jio Infocomm and movie, news and music apps.

The demand was, however, 7.8 per cent lower than 17.67 million tonnes consumption in June 2019.

Last year, RBI had sent the troubled mortgage lender for bankruptcy proceedings, making it the first financial services player to go to the National Company Law Tribunal for a possible debt resolution.

Recently, property consultant Anarock had released its data that showed an estimated 81 per cent fall in sales at 12,740 units across seven cities during April-June this year.

"Some of the misconceptions are disheartening, especially those about Zoom and China," Zoom's president of product and engineering Velchamy Sankarlingam said in a blog post.

Last week India banned 59, mostly Chinese, mobile apps including Bytedance's TikTok and Tencent's WeChat, in its strongest move yet targeting China in the online space since the border crisis erupted last month.