CBI books Hyderabad-based firm for over Rs 7,926-crore bank fraud
NEW DELHI: The CBI has booked Hyderabad-based Transstroy (India) Ltd and its directors for alleged bank fraud of over Rs 7,926 crore in a consortium led by Canara Bank, in one of the biggest banking scams in the country, officials said on Friday. The agency carried out searches at the premises of the company and […]
Global partnership COVAX secures 2 billion coronavirus vaccine doses
NEW DELHI: Global vaccine partnership COVAX has lined up almost two billion doses of existing and candidate COVID-19 vaccines for use worldwide, including 200 million doses of the AstraZeneca/Oxford vaccine through an agreement between the Vaccine Alliance Gavi, the Serum Institute of India and the Bill and Melinda Gates Foundation. COVAX, the global initiative to […]
After Pfizer, US Approves Moderna COVID-19 Vaccine
NEW DELHI: The US biotechnology company Moderna has announced that the U.S. Food and Drug Administration’s (FDA) has authorized the emergency use of mRNA-1273, Moderna’s vaccine against COVID-19 in individuals 18 years of age or older. The Moderna approval comes exactly a week after the US Food and Drug Administration okay-ed a shot from Pfizer […]
Oxford/AstraZeneca vaccine set to get clearance by year-end: Report
NEW DELHI: The Oxford University vaccine against COVID-19 being produced by AstraZeneca is likely to get regulatory approval from the UK’s independent regulator by the end of this year for a rollout to begin in early 2021, according to a UK media report. The Medicines and Healthcare Regulatory Agency (MHRA), which had been formally tasked […]
Honda pulls the plug on production at Greater Noida facility: Reports
NEW DELHI: Honda Cars India Ltd (HCIL) has decided to pull the plug on production at its Greater Noida plant in Uttar Pradesh, sources said on Saturday. The automaker, which is a wholly-owned subsidiary of Japanese Honda Motor Co, had set up the Greater Noida plant in 1997. Industry sources said the plant would, however, […]
Narendra Modi government must indemnify vaccine makers against all lawsuits: Adar Poonawalla
NEW DELHI: Vaccine manufacturers need to have protection against all lawsuits for their vaccines especially during a pandemic, Serum Institute of India (SII) Chief Executive Officer Adar Poonawalla has said. He also said that the vaccine makers are going to propose this to the government, while speaking at a virtual panel on the challenges of […]
Modi government to undertake infra projects worth Rs 1.16 trillion in Karnataka: Nitin Gadkari
NEW DELHI:The Narendra Modi government (Centre) will undertake infrastructure projects worth Rs 1.16 lakh crore in Karnataka in the coming years, Union Minister Nitin Gadkari said on Saturday. The Road Transport and Highways Minister was addressing a virtual event after laying foundation stone and inaugurating projects worth Rs 11,000 crore in Karnataka. The 33 projects […]
SBI-led consortium pursue UK bankruptcy order against Vijay Mallya
NEW DELHI: A consortium of Indian banks led by the State Bank of India (SBI) returned to the High Court in London for a bankruptcy application hearing against liquor tycoon Vijay Mallya, as they pursue the recovery of debt from loans paid out to his now-defunct Kingfisher Airlines. At a virtual hearing before Chief Insolvencies […]
IDBI Bank raises Rs 1,435 crore from 44 investors via issue of equity shares
NEW DELHI: IDBI Bank has raised Rs 1,435 crore through an issue of equity shares to 44 qualified institutional investors, according to a regulatory filing. The bank had targeted to raise Rs 2,000 crore (base size Rs 1,000 crore and green-shoe option of Rs 1,000 crore) through the QIP issue at a floor price of […]
Will decide next course of action in 2-3 days, say farmer unions
NEW DELHI: Farmer unions protesting against the three agri laws on Saturday said they will decide their next course of action in the next two-three days, after the Supreme Court earlier this week pointed out it was thinking of setting up an “impartial and independent” panel of agriculture experts and peasants’ unions to resolve the […]
Uttar Pradesh government transfers over Rs 445 crore to 97,663 SHGs
LUCKNOW: Uttar Pradesh Chief Minister Yogi Adityanath on Friday transferred Rs 445.92 crore to the bank accounts of 97,663 self-help groups (SHGs) under the UP State Rural Livelihood Mission, an official statement issued here said. At the virtual event, the state government also signed an memorandum of understanding (MoU) with ICICI Bank for training women, […]
Assam’s Rs 100 crore plan to strengthen border infrastructures
GUWAHATI: To strengthen the security related infrastructures along the state borders, the Assam government has sanctioned Rs 100 crore and decided to further tighten the vigil along the frontiers, officials said here on Saturday. An official of the Border Protection and Development Department (BPDD) said that in line with the MOITRI scheme for the modernisation […]