NEW DELHI: Here is the list of the 10 best actions that could be highlighted on Wednesday:
Economy: Goldman Sachs and Fitch Ratings forecast a deeper-than-expected economic recession for India in FY21 on Tuesday, keeping this budget support limited, financial system weaknesses and a continued rise in coronavirus cases are hampering a rapid normalization of the economic activity.
Dependency industries: Reliance Jio subsidiary is studying a plan to outsource and manufacture more than 100 million low-cost smartphones, which will be built on the Google Android platform, Business Standard reported. These phones, which will come with data packs, could launch in December or early next year.
Trusted communications: Lenders from Reliance Communications Ltd (RCom) and Reliance Telecom Ltd (RTL) on Tuesday informed the Mumbai bench of the National Company Law Tribunal (NCLT) that they would ask the Supreme Court to clarify the spectrum sale.
AstraZeneca Pharma IndiaIn a statement Tuesday night, the company announced its “standard review.” process triggered a pause in vaccination to allow review of safety data. “
Wipro LtdBengaluru-based IT company Wipro Ltd on Tuesday announced plans to set up a digital innovation center in Düsseldorf, Germany, which will serve as its flagship hub in Europe. The facility will provide digital transformation expertise to businesses in Germany, enable organizations to cross-skill and develop, and support talent development in local communities.
Aviation Inventories: Indian airlines cannot rush to use up to 60% of their capacity as allowed by the government, as customer bookings remain subdued despite a rebound since May, airline officials said.
Power Grid Corp: The Cabinet Committee on Economic Affairs (CCEA) on Tuesday approved plans to monetize Power Grid Corp’s transmission projects. of India Ltd (PGCIL), managed by the state, which were won by tender.
CG power: The Securities and Exchange Board of India (Sebi) sent notifications to CG Power and Industrial Solutions Ltd after a forensic audit confirmed that funds had been embezzled from the company. The forensic audit commissioned by BSE was handed over to the company for comment on September 4, the company said in a stock exchange filing Tuesday.
Regulatory: The Ministry of Enterprise Affairs is set to release a draft report that will pave the way for domestic companies to list their shares in foreign markets without first being listed in India, said two regulators familiar with the question.
Pharmaceutical actions: The government is ready to facilitate a Phase 3 trial for Russia’s Sputnik V vaccine for which 2-4 Indian companies are in talks for mass production, said V.K., NITI Aayog (health) member V.K. Paul said on Tuesday.