Best Stories of the Day
Supreme Court stays High Court order to have only virtual campaign for Madhya Pradesh bypolls
The EC had opposed the order on the grounds that how to conduct elections was an area in its exclusive jurisdiction and that the high court was wrong to have stepped in. The EC was represented in court by senior advocate Rakesh Dwivedi and standing counsel Amit Sharma.
Voting in first phase of Bihar assembly elections for 71 of 243 seats on Wednesday
Perhaps the most interesting battle is in Imamganj (SC seat) in Gaya district from where former CM Jitan Ram Manjhi, who is an NDA nominee, is facing the RJD nominee and former speaker of the state assembly Udai Narain Choudhari. Both vie for the title of the state’s most prominent face of Mahadalits.
Department of Investment and Public Asset Management to sell assets with min Rs 100 crore value
Assets valued below this threshold will be monetised by the respective ministry or department of the CPSE or PSU, the department said in an office memorandum on Monday. The threshold will be applicable for non-core assets of CPSEs under strategic divestment, immovable enemy property and other CPSE assets under the competent authority.
NDA will retain power with two-thirds majority, Nitish Kumar will be CM: Nityanand Rai
Union minister of state for home Nityanand Rai, who is also a prominent BJP leader from Bihar, says the people of state will vote for development and law & order. They trust the credibility and work of Prime Minister Narendra Modi, the BJP and the NDA, he tells Sanjay Singh.
State Bank of India seeks meeting with Finance Minister to save Aircel's resolution plan
The request from the lead lender to the bankrupt mobile operator comes days after UV Asset Reconstruction Company - which has proposed to buy Aircel and most assets of another bankrupt telco Reliance Communications- met the finance minister and sought her intervention in this case.
Industry seeks easier Income Tax rules for foreign nationals
Industry bodies are seeking that India taxes only the local income of foreign nationals or expats staying in India for extended periods for investing or monitoring large amounts of FDI or for bringing in technical and management expertise.
Mylan set to use hepatitis C combo drugs in COVID-19 phase-2 trials
The SEC on Covid-19 permitted the company to conduct phase-II trials with caveats such as that the participants should not be more than 65 years of age. It also asked the company to add more government sites and that the sites should be geographically distributed. The company has also been told to appoint a drug safety monitoring board.
Aurobindo Pharma inks pact with New Mountain Capital to sell US-based unit for USD 550 mn
Natrol, which APL acquired in December 2014, has been a consistently profitable business and growing on all fronts under its ownership, claimed APL. The annual sales of Natrol for the 12 months ended March 2020 stood at $156.66 million while the net worth amounted to $82.41million.
View: India's AI program can be greater than the sum of its parts, and propel economic growth
Execution will be the key imperative for success. What is needed is an India AI playbook that can help GoI not just build deployment plans but also figure out how to scale them for maximum impact. Such a playbook requires strategy, data, talent, technology, policy framework, execution and the right culture to come together.