Top headlines: Dr Reddy's to get Russia vaccine, airlines' Q1 revenue dips

Russia's sovereign wealth fund said on Wednesday it will supply India's Dr. Reddy's Laboratories with 100 million doses of the Sputnik-V vaccine
Prime concern is to protect depositors, ensure financial stability: RBI
The Reserve Bank of India (RBI) is more concerned about the depositors interest and preserving financial stability than giving doles to the industry, Governor Shaktikanta Das indicated to industry captains on Wednesday. “The primary concern in the banking system is the protection of depositors’ money. Ultimately, it is the depositors’ money that is being lent out,” governor Das said in an interaction with the governing council of the industry lobby group Federation of Indian Chambers of Commerce & Industry (FICCI). Read More...

Russia to sell Covid-19 vaccine to India's Dr Reddy's Laboratories
Russia's sovereign wealth fund said on Wednesday it will supply India's Dr. Reddy's Laboratories with 100 million doses of the Sputnik-V vaccine against Covid-19 once it receives regulatory approval in India. Read More...

Vedanta wins case for $499 mn award claim; SC rejects govt plea
The Supreme Court ruled on Wednesday that Vedanta Ltd. is entitled to recover a $499 million arbitration award from the central government for developing oil and gas fields in Rajasthan. The court rejected the government’s petition, which had said that billionaire Anil Agarwal’s company, along with Videocon Industries Ltd., is entitled to recover only $198.5 million as agreed in the production-sharing contract for the Ravva oil and gas fields. Read More...

Revenues of Indian airlines fell 85.7% in April-June due to Covid-19: Puri
The revenue of Indian airlines fell by 85.7 per cent to Rs 3,651 crore during the first quarter of 2020-21 in comparison to the corresponding period a year ago due to COVID-19, said Civil Aviation Minister Hardeep Singh Puri on Wednesday. Moreover, employee count at the Indian carriers went down from 74,887 on March 31 to 69,589 on July 31, a decrease of 7.07 per cent, Puri stated in a written reply to a question in Rajya Sabha. Read More...

Babri demolition verdict on Sept 30; Advani, Joshi asked to be in court
A special CBI court hearing the Babri mosque demolition case will pronounce its judgment on September 30. Judge SK Yadav has directed all accused to remain present in the court on the day of judgment. Prominent among the 32 accused are former deputy prime minister L K Advani and BJP leaders M M Joshi, Kalyan Singh, Uma Bharti and Vinay Katiyar. 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