Tag: COVID-19

Covid-19 update: Maharashtra enters ‘Lockdown style’ curfew April 14-30

MUMBAI: On anticipated lines, Maharashtra Chief Minister Uddhav Thackeray on Thursday announced ‘lockdown’ style restrictions starting 8 p.m. on April 14, till April 30, to break the chain of the coronavirus which has gripped the state. However, Mumbai suburban trains and city buses will continue to run, but commutes will be permitted for those in […]

Russia’s Sputnik vaccine approved for emergency use against Covid-19 in India: Health Ministry

NEW DELHI: India’s drug regulator has granted permission for restricted emergency use of the Russian COVID-19 vaccine Sputnik V with certain conditions, the Union Health Ministry announced on Tuesday, while stating that Dr Reddy’s Laboratories will import the vaccine for use in the country. The approval by the Drugs Controller General of India (DCGI) paves […]

India approves Sputnik V vaccine against Covid-19, to produce 850 million doses annually: RDIF

NEW DELHI: The Russian Direct Investment Fund (RDIF) has said that India has become the 60th country to approve the use of Sputnik V against coronavirus and more than 850 million doses of the vaccine are going to be produced in the country annually. The Drug Controller General of India (DCGI) has registered the vaccine […]

Market Capitalization of four of 10 most valued companies jumps over Rs 1.14 trillion

NEW DELHI: Four of the 10 most valued companies added Rs 1,14,744.44 crore to their total market valuation last week, with major contribution coming in from IT giants Tata Consultancy Services and Infosys. While Tata Consultancy Services (TCS), Infosys, Hindustan Unilever Limited and Bharti Airtel witnessed gains in their valuation, Reliance Industries, HDFC Bank, HDFC, […]

Serum Institute of India require around Rs 3,000 crore to ramp up vaccine production: Adar Poonawalla

NEW DELHI: Serum Institute of India (SII) would require around Rs 3,000 crore to ramp up production capacity for making vaccines for Covid-19, its CEO Adar Poonawalla said on Tuesday. “We need roughly Rs 3,000 crores which is not a small figure considering we have already spent thousands of crores. We have to find other […]

Indian Railways use Covid-19 as an opportunity to accelerate the speed of projects

NEW DELHI: Indian Railways has logged highest ever electrification of sections covering 6,015 Route Kilometer (RKM)in single year during 2020-21. Despite COVID pandemic, It has surpassed the previous highest of 5,276 RKM achieved in 2018-19. It is a proud moment for Indian Railways for achieving target of 6000 km plus electrification project completion during tough […]

India supplied more Covid-19 vaccines globally than vaccinated its own people

By Yoshita Singh UNITED NATIONS: India has supplied more COVID-19 vaccines globally than vaccinated its own people, the country has told the UN General Assembly and cautioned that vaccine inequity will defeat the collective global resolve to contain the coronavirus as the disparity in the accessibility of vaccines will affect the poorest nations the most. […]

GMR Hyderabad Air Cargo signs pact with StaTwig for vaccine shipments

NEW DELHI: GMR Hyderabad Air Cargo (GHAC) on Thursday said it has signed an initial pact with Singapore-based startup StaTwigto roll out a new tech solution for tracking and monitoring vaccine shipments at the airport’s cargo terminal. The airport serves as a major pharma hub for air cargo and is one of the primary gateways […]

Supreme Court restrains banks from charging interest-on-interest on borrower during moratorium

NEW DELHI: The Supreme Court on Tuesday said any amount collected during moratorium period by banks as interest on interest or compound interest, should either be refunded or adjusted against the next EMIs payable by the borrowers. A bench comprising Justices D. Y. Chandrachud, M. R. Shah and Sanjiv Khanna pronounced the verdict. The top […]

Germany, France, Italy and Spain join countries suspending AstraZeneca coronavirus vaccine

BERLIN :A cascading number of European countries — including Germany, France, Italy and Spain — suspended use of AstraZeneca’s COVID-19 vaccine Monday over reports of dangerous blood clots in some recipients, though the company and international regulators say there is no evidence the shot is to blame. Pune-based drugmaker Serum Institute of India partnered with […]

Cooperate, if you don’t want another Covid-19 lockdown: Yediyurappa to people

BENGALURU: Expressing concern over spike in fresh COVID-19 cases, Karnataka Chief Minister B S Yediyurappa on Sunday said the pandemic seemed to be going out of control in the state and asked people to cooperate by adhering to the preventive measures if they don’t want another lockdown. “I appeal to the people with folded hands […]

Most economies won’t return to pre-Covid-19 activity levels by 2022: Moody’s

NEW DELHI: Moody’s Investors Service on Thursday said the credit downturn arising out of COVID-19 will be short-lived but most economies will not return to pre-pandemic activity levels until 2022. In the year since the World Health Organisation (WHO) declared COVID-19 a pandemic on March 11, 2020, the virus has disrupted the global economy and triggered […]

Meghalaya Chief Minter presents tax-free deficit budget

SHILLONG: Meghalaya Chief Minister Conrad K Sangma on Wednesday presented a deficit budget for the financial year 2021-22 without proposing any new tax. It is estimated that the total receipts will be Rs 17,509 crore including borrowings to the tune of Rs 2,247 crore, said Sangma who also holds the finance portfolio. The total expenditure […]

Delhi’s economy projected to contract by 5.68 per cent in FY21

NEW DELHI: The economy of Delhi is expected to contract by 5.68 per cent in real terms due to the impact of the COVID-19 pandemic, according to Delhi Economic Survey 2020-21. However, the advance estimate of the gross state domestic product (GSDP) of Delhi at current price during 2020-21 is Rs 7,98,310 crore, showing a […]

India’s forex reserves increase by USD 689 million to USD 584.55 billion

NEW DELHI: India’s forex reserves increased for the second consecutive week, touching USD 584.554 billion as of February 26, up by USD 689 million, the Reserve Bank said on Friday. The overall reserves had increased by USD 169 million to USD 583.865 billion in the previous reporting week. The reserves, which have been steadily increasing […]

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