business

Altos Labs, working on Anti-aging therapies or reverse the aging process, claimed that Amazon founder Jeff Bezos has invested in the program, said media reports. The lab is offering a $1 million annual payment to scientists who wish to join it and reportedly Nobel laureate Shinya Yamanaka has decided to chair the scientific advisory board. However, the lab has planned to establish institutes in, California, the UK, and Japan.

After experiencing a loss of Rs 60.60 crore in 2020, media firm Network 18 Media & Investments have witnessed a 6% rise in its share on June 22. The company reported a combined profit of Rs 121.51 crore. “Growing engagement on our platforms across TV and Digital make us confident of delivering for all our stakeholders even amidst a choppy environment,” said Adil Zainulbhai, Chairman of Network18.

The US has said that India "remains a challenging place" to do business. In its 2021 Investment Climate Statements report, the country's state department urged the Indian government to reduce barriers and bureaucratic hurdles for easy and attractive investment in the country. The report further mentioned the removal of constitutional status from Jammu and Kashmir and the process of the Citizenship Amendment Law.

The Centre may include the Central Bank of India and Indian Overseas Bank in the next round of privatisation, as per the government sources. Reportedly, the two banks have been suggested by the NITI Aayog, and they are being analysed by the disinvestment and financial services departments. The sources added that "the timeline [for the privatisation of state-run banks] will depend on the legislative changes required."

Citing government data, financial experts hinted that India is facing economic distress from April 2021, due to lockdown. Analysing the retail activity and road congestion, Indian economist Abhishek Gupta highlighted the economic slowdown till May 16. Abhishek said that the continuous economic distress will surely reflect in the GDP. Reportedly, recent data highlighted rise in input costs in business with decline in exports, imports and… read-more