Shares of IFGL Refractories surged 9 per cent in intraday trade on the BSE on Wednesday to hit a 52-week high of Rs 267 after the company said rating agency ICRA has upgraded credit rating assigned to the company s Rs 173 crore line of credit with a stable outlook. The stock had hit a record high of Rs 374 in January 2018. Based on a review of the latest developments, the rating committee of ICRA, after due consideration, has upgraded the long-term rating to (ICRA) AA- from (ICRA) A+ assigned to the Rs 173 crore line of credit (LOC) of the company. The outlook on the long-term rating is Stable . The short-term rating for the captioned LOC has been reaffirmed at 1 ICRA AI+,” ICRA said.
2020, A Year Of Reforms During The Unprecedented Coronavirus Crisis 2020, A Year Of Reforms During The Unprecedented Coronavirus Crisis Prime Minister Narendra Modi s government used the Covid-19 pandemic as an opportunity to drive wide-ranging reforms.
Updated: December 16, 2020 6:47 pm IST
It is a fact of economic policy-making in India that bold reforms only take place during difficult moments rather than in ideal conditions. It is said India reforms only in crisis, former RBI Governor Raghuram Rajan wrote once. In 1991, the economic liberalisation drive by then Finance Minister Dr Manmohan Singh and then Prime Minister Narasimha Rao unleashed the latent animal spirits in the economy. Many economists say those developments would not have taken place without the debilitating balance-of-payment crisis at the time. Even the Atal Bihari Vajpayee administration s strategic sales of state-run companies such as ITDC and VSNL came at a time when the country was reeling under sev
Updated Dec 15, 2020 | 09:03 IST
The year 2020 also saw the birth of a new vision for India. On May 12, Prime Minister Narendra Modi gave the nation a new vision, a new mission of self-reliance and growth called Atmanirbhar Bharat . Year-end 2020: Atmanirbhar Bharat | Photo Credit: PTI
New Delhi: The Year 2020 is coming to an end and so is the decade. Due to the coronavirus outbreak which originated from Wuhan (China), this year came as a shock to several countries across the globe, the world witnessed a lot changes in terms of work, economy, social interaction and more.
It was probably the first time that many of us ever heard words like quarantine, social-distancing, etc and suddenly masks and sanitizers became the ultimate gear to carry when in public. A handshake was replaced by a Namaste - hand folded.
Breaking news live: Govindas Konthoujam appointed as president of Manipur Pradesh Congress committee
Breaking news live: Govindas Konthoujam appointed as president of Manipur Pradesh Congress committee
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THE TIMES OF INDIA | Dec 14, 2020, 23:12:10 IST
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Govindas Konthoujam appointed as the president of Manipur Pradesh Congress committee: (ANI)
20:46 (IST) Dec 14
Tomorrow, 15th December, I will be in Kutch to lay the foundation stone for various development works: Tweets PM Modi
Kutch has made a mark for its development trajectory, especially in sectors like agriculture. Tomorrow, 15th Decemb… https://t.co/CaeR0OiPq4— Narendra Modi (@narendramodi) 1607958193000
Making Medicines in India
Centre has announced two schemes to reduce import dependence in medicine manufacturing. Will they work this time?
Illustration by Raj Verma
The Department of Pharmaceuticals had gone into a huddle as early as February this year when India had only three confirmed cases of Covid-19. A committee of inter-ministerial experts and importers and manufacturers of medicines met every day to keep a watch on happenings in China. Their worry was not just the spread of the disease. They were also concerned about the lockdown in China and its impact on supply of key raw materials used to make medicines in India.