The country’s largest iron ore producing company, the National Mineral Development Corp. (NMDC) Ltd signed a memorandum of understanding (MoU) with the Mineral Exploration Corp. Ltd (MECL) to collaborate and conduct exploration in mutually agreed projects for iron ore, gold, coal, diamond and other minerals across various states.

The Hyderabad-headquartered Konaseema Gas Power Ltd has announced a sale under liquidation of its 445 MW combined cycle power plant located in the East Godavari District of Andhra Pradesh.

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) voted unanimously to leave the policy repo rate unchanged at 4 per cent. At the same time, the marginal standing facility and bank rate also remained unchanged at 4.25 per cent, while the reverse repo rate too remained unchanged at 3.35 per cent.

In the months to come, India can undoubtedly pick a few lessons from China and with appropriate improvisations lead the way to making policy changes that bring in a radical change in the ease of doing business as well as supplying its domestic needs and international demands. By DR. POORNIMA ADVANI

Union Finance Minister Nirmala Sitharaman has announced 12 key measures as part of the Central Government’s stimulus to the economy under Aatmanirbhar Bharat 3.0.

With an eye on qualitatively improving the ease of doing business of the IT industry, particularly the business process outsourcing (BPO) and IT-enabled services (ITES) segments, the Central Government has drastically simplified the other service provider (OSP) guidelines of the Department of Telecom.

Kirloskar Brothers Ltd (KBL) has launched a new range of energy-efficient, low-maintenance self-priming (SP) coupled pump-sets designed for effluent treatment plants and dewatering applications.

In the months to come, India can undoubtedly pick a few lessons from China and with appropriate improvisations lead the way to making policy changes that bring in a radical change in the ease of doing business as well as supplying its domestic needs and international demands, points out DR. POORNIMA ADVANI

Strata, a technology-enabled fractional investment platform for premium commercial real estate (CRE), has raised Rs 1.4 billion for a consortium of three grade-A warehousing asset opportunities amid the COVID-19 pandemic.