‘Covishield’ vaccine ready to roll out in coming weeks: Adar Poonawalla
NEW DELHI: Serum Institute of India CEO Adar Poonawalla on Sunday said the Oxford-AstraZeneca COVID-19 vaccine ‘Covishield’ is ready to roll out in the coming weeks. Poonawalla’s remarks came soon after after India’s drugs regulator approved Covishield for restricted emergency use. “Happy new year, everyone! All the risks @SerumInstIndia took with stockpiling the vaccine, have […]
Assam to give free scooties to meritorious girl students
NEW DELHI: The Assam government will distribute around 22,250 scooties (two-wheelers) to girl students free-of-cost to promote girls’ education in the state, Assam Education Minister Himanta Biswa Sarma said on Saturday. The minister after distributing the scooties at a function at Mushalpur in Baksa district, said that free scooties would be given to meritorious girl […]
Bharat Biotech gets permission to manufacture ‘Covaxin’ for sale
By Aakanksha Khajuria NEW DELHI: The Central Licensing Authority on Sunday granted permission to Hyderabad-based Bharat Biotech to manufacture ‘Covaxin’ for sale and distribution, after the indigenous coronavirus vaccine received regulatory approval for emergency use. “The Central Licensing Authority has granted permission to Bharat Biotech International Ltd to manufacture for sale of the pharmaceutical formulation,” […]
DMK will waive education loans if voted to power after Tamil Nadu Assembly elections
ERODE: The DMK would waive education loans taken by students for higher studies if the party comes to power after the Tamil Nadu Assembly elections, which are to be held in April-May. The DMK president and Leader of the Opposition in the Tamil Nadu Assembly M K Stalin made this statement on Sunday while addressing […]
Andhra Pradesh faces debt burden of Rs 3.73 lakh crore: CAG
By Surya Desaraju AMARAVATI: The Andhra Pradesh government’s gross debt burden has increased to Rs 3,73,140 crore by the end of November 2020. CAG’s latest accounts revealed that from April to November 2020 alone Rs 73,811.85 crore was borrowed from different sources as against the annual target of Rs 48,295.59 crore for the whole year. […]
Shivraj Singh Chouhan expands his cabinet, 2 Jyotiraditya Scindia loyalists return as ministers
BHOPAL: The Shivraj Singh Chouhan-led Madhya Pradesh cabinet was expanded on Sunday with the induction of two loyalists of BJP leader Jyotiraditya Scindia, whose exit from the Congress in March last year led to the fall of the 15-month-old Kamal Nath-led Congress dispensation in the state. Governor Anandiben Patel administered the oath of office to […]
Competition Comm to have regional presence; more streamlined processes: CCI chief
NEW DELHI: As it seeks to become more nimble as well as strengthen its prowess to clamp down on unfair business ways, the Competition Commission of India (CCI) plans to further streamline processes and also have its regional presence. The CCI, which has the mandate to check anti-competitive practices and also encourage fair business ways […]
Aiming India sales this year to be over 2019 levels: Lamborghini
NEW DELHI: Italian super luxury carmaker Lamborghini expects its sales in India this year to be more than 2019 levels after witnessing good traction in the later part of last year, recovering from the pandemic-induced disruptions, according to a senior company official. The company is hoping that there is no change in the tax structure […]
Reliance, BP commit to pay for any shortfall in KG-D6 production to buyers
NEW DELHI: Reliance Industries Ltd (RIL) and its partner BP Plc of UK have committed to pay in cash for any natural gas volumes they are unable to deliver to customers from the next wave of discoveries in the eastern offshore KG-D6 block. According to draft gas sales and purchase agreement (GSPA) Reliance and BP […]
Discoms’ outstanding dues to power gencos rise 35 per cent to Rs 1.41 lakh crore in November
NEW DELHI: Power producers’ total dues owed by the distribution firms rose over 35 per cent to Rs 1,41,621 crore in November 2020, reflecting stress in the sector. The distribution companies (discoms) owed a total of Rs 1,04,426 crore to power generation firms in November 2019, according to portal PRAAPTI (Payment Ratification And Analysis in […]
Maruti Suzuki India reports 20% rise in December vehicle sales
NEW DELHI: Automobile major Maruti Suzuki India (MSI) reported an increase of 20% in its overall sales during December 2020 on a year-on-year basis. Maruti Suzuki India Limited posted total sales of 160,226 units in December 2020. With total sales of 495,897 units in Q3 (FY 2020-21) the company registered a growth of 13.4% over […]
Toyota Kirloskar logs 7,487 units sales in December
NEW DELHI: Indo-Japanese joint venture car maker Toyota Kirloskar Motor on Friday said it closed last month’s sales at 7,487 units. In a statement the company said it sold 7,487 units last month up from 6,544 units sold in during the corresponding period previous year. “As we wrap up the year, we are happy to […]
Ashok Leyland sells 12,762 trucks in December 2020
NEW DELHI: Commercial vehicles major Ashok Leyland Ltd on Friday said it closed last month with a sales figure of 12,762 units. In a statement the company said it sold 12,762 units last month up from 11,168 units sold in December 2019. Cumulatively this fiscal till last month the company had sold 56,657 units down […]
Hyundai Motor India’s overall December sales up 33.14%
NEW DELHI: Hyundai Motor India on Friday reported overall sales including exports grew by 33.14 per cent during December despite the Covid-19 pandemic. The company’s overall sales grew to 66,750 units from 50,135 units sold during December 2019. Similarly, the company’s domestic sales rose during the month under review. It edged higher by 24.89 per […]
Hero MotoCorp logs over 5% growth in December 2020 sales
NEW DELHI: Two-wheeler manufacturer Hero MotoCorp on Friday reported a rise of 5.29 per cent in its overall sales for December 2020. The company sold 447,335 units of motorcycles and scooters last month from an off-take of 424,845 units during the corresponding month of the previous year. Besides, the Hero MotoCorp clocked “its best ever […]
Bajaj Auto’s market capitalisation crosses Rs 1 lakh crore
NEW DELHI: Bajaj Auto’s market capitalisation crossed Rs 1 lakh crore on Friday. The share price of Bajaj Auto closed at Rs 3,479 per share on the NSE, making its market capitalisation Rs 100,670.76 crore at this price. “This market cap is considerably higher than all other domestic two-wheeler companies. As per analysts, a market […]