The oil price rise may be hitting the fuel consumers hard, but it is the oil companies that are making the most from the current situation, strengthening their margin on the sale of petrol and diesel and jacking up profits.
Nifty, Sensex to log in more gains – Wednesday closing report
Moneylife Digital Team
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We had mentioned in Tuesday’s closing report that Nifty, Sensex may continue to rise. On Wednesday, the indices opened higher and rallied with major gains. On the NSE, there were 1,201 advances, 735 declines and 85 unchanged.
The trends of the major indices in the course of Wednesday’s trading are given in the table below:
Engineers India was awarded a project by Indian Oil Corporation with an order value of around Rs 600 crore.
TP Saurya Limited, the wholly-owned subsidiary of Tata Power, has signed a power purchase agreement with Tata Steel to develop a 15 MW solar project at Jamshedpur, Jharkhand.
The Securities and Exchange Board of India (SEBI) has proposed several regulatory amendments to strengthen Independent Directors and eventually give more voice to the minority shareholders.
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A consultative paper released by the Securities and Exchange Board of India (SEBI) to seek public inputs on a few new measures to improve the corporate governance in publicly listed companies has not come a day too soon.
It is a well-recognised fact that corporate boards in India, with a preponderance of promoter influence, come under significant pressure when it comes to the appointment of independent directors and auditors. The consultative paper has come with a very commendable suggestion that independent directors can be appointed only in general meetings and only with a majority of non-promoter shareholders approving it.
This takes a cue from the model followed in the UK and is certainly most welcome. The paper has also other recommendations which are quite timely but are not dwelt upon presently.
How Inequity Gets Built Into America’s Vaccination System
Maryam Jameel
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Caroline Chen (ProPublica)
02 March 2021
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People eligible for the coronavirus vaccine tell us they are running up against barriers that are designed into the very systems meant to serve those most at risk of dying of the disease. We plan to continue tracking these roadblocks.
It’s a fact that simply being eligible for a vaccine in America doesn’t mean that you can instantly get one. Yet the ability to get to the front of the line isn’t the same for everyone. ProPublica has found that, whether intentionally or not, some vaccine programs have been designed with inherent barriers that disadvantage many people who are most at risk of dying from the disease, exacerbating inequities in access to health care.