Mahindra Group, on January 26, 2021 announced its commitment to implement the Stakeholder Capitalism Metrics of the World Economic Forum (WEF). He is one of the 53 business leaders who have implemented the metrics. Stakeholder Capitalism Metrics (SCM) are a set of environmental, social and governance (ESG) metrics and disclosures released by the WEF and its International Business Council.
Open FlipSanofi is planning to produce more than 100 mn doses of the Covid-19 vaccine developed by its competitors Pfizer and BioNTech by the end of the year, opined CEO Paul Hudson. Since Sanofi and its British partner GlaxoSmithKline have delayed the launch of their shot to late 2021, the French company decided to approach Pfizer 'in order to be helpful as of now'
Open FlipApple introduced a limited-edition 'Black Unity Collection' Watch for Black History Month. The product features a black, green, and red striped band and face, meant to reflect the Pan-African flag. Some of the proceeds from the watch will be going toward civil rights organisations. It otherwise appears similar to the aluminium version of the Apple Watch Series 6, with pricing starting at USD 399.
Open Flip"Building a financially literate country" - This is the mission we are working on! We are delighted by the love we got for FlipItNews, one of the highest-rated finance apps in India today. We are excited to introduce FlipItClassroom, an initiative by the founders of FlipItNews, where we will spread financial literacy through live online classes. We will start our classes in the next few weeks.
Open FlipThe IMF on Tuesday projected an impressive 11.5 per cent growth rate for India in 2021, making the country the only major economy of the world to register a double-digit growth this year amidst the coronavirus pandemic. The International Monetary Fund's growth projections for India in its latest World Economic Outlook Update released on Tuesday reflected a strong rebound in Indian economy.
Open FlipTwitter Inc. has launched a pilot program called Birdwatch that will allow users to flag tweets that they believe are misleading and write notes to provide context. Birdwatch is currently for people in the US. "Birdwatch participants can identify Tweets they believe are misleading, write notes that provide context on the Tweet, and rate the quality of other participants’ notes," the company said.
Open FlipGAIL (India) Ltd is considering to launch an InvIT of its two gas pipelines between Dahej and Bengaluru prior to the proposed splitting of the pipeline business from the gas marketing function. The nation's biggest gas marketing and transportation company plans to monetise Dahej-Uran-Panvel-Dabhol pipeline and Dabhol-Bengaluru pipeline by setting up an Infrastructure Investment Trust (InvIT).
Open FlipHector Beverages, that sells Paper Boat drinks, is expanding its distribution network and working on online-only launches as covid-induced lockdowns led to one of the worst years for the beverage industry. The company lost sales across modern trade channels and also suffered losses in the institutional segment, with sales to airlines and airports took a hit.
Open FlipThe Tata Safari will hit the market in the coming weeks and will be the first seven-seater SUV after the Safari Storme. It was originally showcased as the Buzzard at the Geneva Motor Show in Mar 2019 before debuting as Gravitas at the 2020 India Auto Expo. Tata Motors has reintroduced the Safari brand back into its portfolio after a gap of 14 months.
Open FlipIndia's gross domestic product (GDP) might contract by 8% in 2020-21, according to the latest FICCI's Economic Outlook Survey. The median growth forecast for agriculture and allied activities is expected to be 3.5% in the upcoming fiscal. However, industry and services sector are expected to contract by 10% and 9.2% respectively during 2020-21, due to the pandemic related economic fallout.
Open FlipGrasim Industries' entry into the paints industry will not dampen Indigo Paints' grey market premium. Analysts feel Grasim would take a considerable time setting up capacity and commanding a significant market share. Besides, they noted that the industry still has scope for organised players eating into the market share of unorganised players.
Open FlipBookBaggage on Tuesday launched its app-based service in collaboration with the Indian Railways. It aims to offer safe transit of luggage and parcel. BookBaggage already offers baggage delivery services for airline passengers and has now extended it to Railways passengers. The company also introduced app-based end-to-end parcel services for customers wanting to send parcels by train.
Open FlipMobile phone numbers of over 500 million Facebook users are up for sale through a Telegram bot. According to security researcher Alon Gal, the data includes phone numbers of over 60 lakh Indian users. Gal further pointed out that the person who runs the bot claimed that the information of 533 million Facebook users came from a vulnerability that the social media giant patched in 2019.
Open FlipIndigo Paints will finalise the basis of share allotment on Jan 28. You can check the subscription status on the registrar’s website or BSE website (https://www.bseindia.com/investors/appli_check.aspx). Select the issue type as ‘equity’, and the issue name as ‘Indigo Paints’ from the drop-down list. Now, enter application number and PAN. finally, click on the search tab to view the status details.
Open FlipThe European Union is influencing AstraZeneca to deliver more coronavirus vaccine doses to its 27 nations and to stick to its initial promises once the jab gets EU approval. AstraZeneca's statement of delivering fewer vaccines to the EU early on has increased pressure on the 27-nation bloc, especially since Pfizer-BioNTech, failed last week to keep up its promised deliveries to the EU.
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