Read more about Market Wrap, Jan 25: Here s all that happened in the markets today on Business Standard. BSE Sensex settled the session at 48,348 levels, down 531 points or 1.09 per cent
Shares of Aurobindo Pharma rose 5 per cent to Rs 966 in intra-day trade on the BSE on Monday, thus gaining 7 per cent in the past two trading days, on report that the government has given the company approval under the Production Linked Incentive (PLI) scheme for promotion of domestic manufacturing of critical bulk drugs. The PLI scheme aims at promotion of manufacturing of critical key starting materials (KSMs)/drug intermediates and APIs in the country.
According to a report by
Press Trust of India, Aurobindo Pharma (through Lyfius Pharma) received government approval for setting up plants for production of Penicillin-G and 7-ACA, with committed production capacity of 15,000 MT and 2,000 MT, respectively under the PLI scheme.
Updated Jan 23, 2021 | 18:13 IST
Following the outbreak of Covid pandemic early last year, many companies adopted a work from home policy for their employees Budget 2021: Govt may consider tax deduction for employees working from home, says Pwc India
New Delhi: The government could look at providing deductions for expenses incurred by salaried employees while working from home in the upcoming Budget as it looks to boost demand, consulting firm PwC India said on Thursday. Addressing a pre-budget session, Pwc India senior tax partner Rahul Garg said demand creation is particularly focussed on money being given or left in the hands of the individuals.
Nikhil Chopra - It is time for the budget to leave 2020 behind, make 2021 a year of recovery as we look ahead to 2022 and beyond!, , gdp growth, Union Budget 2021-22
After a stupendous rally that has seen the S&P BSE Sensex more than double from March 2020 low and hit 50,000 mark, markets are now eyeing the upcoming proposals in the Union Budget – scheduled to be presented in February 01 – that can help revive Covid-19 impacted economy and lift the fortunes of Corporate India as well. While most experts suggest the government loosen its purse strings and not worry about the fiscal deficit in a pandemic impacted year, it will be a tightrope walk for the government to increase spending without going overboard. Growth and not fiscal prudence, experts say, should be the priority for the government now.