Top headlines: 380,000 vaccinated so far, round-2 of Sebamed-HUL ad war

A person gets vaccinated against Covid-19
Budget 2021: Special window for big-ticket foreign investments likely

Big-ticket foreign investors looking to invest in India could soon find their proposals getting quick treatment from the government. According to sources, the Centre is planning to create a special window for strategically important investors such as sovereign wealth funds and pension funds that wish to invest over Rs 3,000 crore through a single transaction. Read more

Round-2 of Sebamed-HUL ad war: German firm offers free test kits for soaps

German personal care brand Sebamed, fighting Hindustan Unilever (HUL) in court over an ad campaign, has stepped up the war by launching a new campaign that offers free test kits to check the pH value of soaps. The verdict in the ongoing court battle is likely to be out on Tuesday. Read more

Piramal Enterprises: DHFL acquisition fast-forwards retail aspiration

After months of negotiations and upping its bid price with every round to take over the beleaguered housing financier Dewan Housing Finance Corporation Limited (DHFL), the healthcare to realty to financial services firm, Piramal Enterprises, has finally emerged successful.

The decision was public on Friday, after market hours, though its stock didn’t take the news very jubilantly on Monday – down about 2.5 per cent in BSE. Read more

How emerging uptick in commodity prices spells good news for Indian firms

A commodity super-cycle is developing across the globe. Usually, such an uptrend in prices of commodities has meant bad news for India through inflation and a stress on the balance of payments and consequent downward pressure on the rupee. But this time India seems poised to benefit from the upturn. Read more

Raise tax deduction limit under Section 80D in Budget: Non-life insurers

Ahead of the Union Budget 2021-22, which is less than a fortnight away, non-life insurers have suggested that the government increase the tax deduction limit under Section 80D of the Income-Tax (I-T) Act. This, they said, would provide fresh impetus to people to buy a comprehensive health cover. Read more

Senior citizens: Strike a balance between tax saving and liquidity

The government offers several benefits to senior (60-80 years of age) and very senior citizens (above 80 years) in the matter of income-tax (I-T). Such benefits come either in the form of enhanced deductions or relaxations in tax-filing procedures.

Senior citizens need to strike a proper balance between their tax and financial planning. Suresh Surana, founder, RSM India, says. Read more

380,000 vaccinated so far, no serious adverse events, says health ministry

Three days into the Covid-19 vaccination drive, almost 400,000 healthcare workers have received the shot in 7,700 sessions across the country, according to the health ministry. Even as the numbers have failed to match the government expectation, some 580 adverse events and two deaths reported in Uttar Pradesh and Karnataka kept the authorities busy all of Monday, trying to give out an assurance that the vaccines were safe. Read more

Udaan plans to grab 10-15% of overall B2B retail market in the next 7 years

Bengaluru-based unicorn Udaan has worked out an aggressive growth plan which entails grabbing 10-15 per cent of the overall B2B retail market in seven years, up from its current share of around 0.3-0.4 per cent. The B2B market (excluding industrial goods) stands at $780 billion and on an annualised basis, Udaan has already clocked up $2.4 billion in gross merchandising value. Read more

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel