Australia’s share market has fallen to its fourth consecutive week of losses after a negative day session in which banks and miners had losses of more than one per cent.…
Rajasthan’s Department of Industries and Sidbi will work together to provide financial, technical, marketing and export support to MSMEs in the state, Industries Minister Parsadi Lal Meena said on Friday.
The Small Industries Development Bank of India (Sidbi) has signed a memorandum of understanding (MoU) with the Rajasthan government to develop the MSME ecosystem in the state.
Meena said the MSME Act was amended to promote industries and exempt such businesses from all kinds of permissions and inspections for three years.
Now, the establishment of large industries will also become easy with the coming of a single window one-stop shop, he said in a statement.
Meena said micro, small and medium enterprises (MSMEs) provide maximum employment opportunities and also have an effective share in exports.
Principal Secretary (Industries) Naresh Pal Gangwar said innovative cluster based thinking will be promoted in the state with the help of Sidbi.
Three entities, including a promoter, offloaded Amber Enterprises Ltd’s shares worth Rs 694 crore through open market transactions on Friday.
As per NSE’s bulk deal data, promoter of Amber Enterprises, Kartar Singh, offloaded 2.75 lakh shares of the firm for Rs 50.63 crore.
Besides, Ascent Investment Holdings Pte Ltd sold a total of 32.88 lakh shares for Rs 603.80 crore and Tejas Tradefin LLP sold 2.19 lakh scrips for Rs 39.76 crore.
The scrips were sold in the range of Rs 1,814.99 to Rs 1,841.99 apiece.
In separate transactions, five entities — Tejas Tradefin LLP, Vittoria Fund-OC L.P, Oxbow Master Fund Ltd, Newport Asia Partners Fund LP and Newport Asia Institutional Fund LP — bought the shares of Amber Enterprises for a total amount of Rs 237.44 crore.
The entities bought the shares at a price of Rs 1,835.03-Rs 1,839.48 per share.
Tejas Tradefin LLP purchased shares for Rs 58.17 crore, Vittoria Fund-OC L.P for 29.75, Oxbow Master Fund for Rs 76.71 crore, Newport Asia Partners Fund LP for Rs 32 crore and Newport Asia Institutional Fund LP for Rs 40.81 crore.
French Prime Minister Jean Castex warned Friday the country was seeing a “clear worsening” of the coronavirus pandemic, but aimed to avoid a new nationwide lockdown that would hammer the economy.
In an eagerly-awaited statement after a meeting of ministers and health experts, Castex did not announce any new restrictions but promised more efficient testing and said it was up to local authorities to decide additional measures.
Nearly 10,000 new cases have been recorded daily in the last two days, a record since wide-scale testing began, but Castex said a recent increase in Covid-19 hospitalisations was particularly worrying.
“We have to succeed in living with this virus, without returning to the idea of a generalised lockdown,” he said in a televised statement from his official residence in Paris.
“Our strategy is not changing. We must fight the virus without putting on hold our social, cultural and economic life, the education of our children and our ability to live normally,” he added.
Castex said 42 of France’s 101 departments are now classified as “red zones” where the virus is circulating rapidly, up from 28 earlier this week.
He said the authorities in Marseille, Bordeaux and the overseas territory of Guadeloupe should