Modi reviews Covid-19 situation with Empowered Groups,Insurance scheme for frontline health workers extended for six months
NEW DELHI: Prime Minister (PM) Narendra Modi chaired a meeting to review the functioning of different empowered groups through video conference. The Empowered Group on Economic and Welfare measures made a presentation to PM on steps taken such as extension of PM Garib Kalyan Anna Yojana. It was discussed that portability enabled due to One […]
Crisil says multiplexes to be on losses; may recover only in FY23
NEW DELHI: Localised lockdowns and night curfews amid the newer wave of COVID-19 is set to extract a toll on multiplexes in the country, and companies in this sector will report operating losses for the second consecutive year, a report said on Friday. The sector, arguably one of the worst impacted in the pandemic, can […]
Indian Chamber requests Sitharaman for relief measures for trade, industry
NEW DELHI: The Indian Chamber of Commerce and Industry on Friday appealed to Union Finance Minister Nirmala Sitharaman for relief measures for the trade and industry to revive their businesses during the second wave of the COVID-19. The local chapter of the Chamber, while making this appeal, said the Finance Act 2017 ruled that no […]
Jio Platforms fourth quarter net profit zooms 47.5% to Rs 3,508 crore
NEW DELHI: Jio Platforms on Friday posted a net profit of Rs 3,508 crore for the fourth quarter ended March 2021, a 47.5 per cent jump over the year-ago period, according to a company statement. Its revenue from operations came in at Rs 18,278 crore, a growth of about 19 per cent compared to the […]
Modi government permits import of oxygen concentrators via courier for personal use
NEW DELHI: The Narendra Modi government on Friday permitted import of oxygen concentrators for personal use, through post, courier or e-commerce portals under gift category, amid surge in COVID-19 cases in the country. The exemption for oxygen concentrators is allowed only for a period till July 31, 2021, for personal use, according to a notification of […]
Treat available oxygen as critical commodity,Modi government tells states
NEW DELHI: The Narendra Modi government (Centre) on Friday said it has asked the states to treat the available oxygen as a critical commodity and undertake an oxygen-consumption audit at all hospitals, including private ones, amid a shortage of the life-saving gas in several parts of the country. Addressing a press conference, Joint Secretary in […]
Contributions pour in from domestic, foreign firms in fight against Covid-19
NEW DELHI: Contributions from homegrown and international firms, including Dream Sports, Uber and Capgemini, continue to pour in to support India’s fight against COVID-19 amid the deadly second wave of the pandemic in the country. Dream Sports – which operates e-sports platform Dream11 – has donated Rs 15 crore to GiveIndia and ACT Grants for […]
Chinese President Xi Jinping writes to Narendra Modi, offers help to fight Covid-19 surge
NEW DELHI: Chinese President Xi Jinping on Friday sent a message of condolences to Prime Minister Narendra Modi over the coronavirus pandemic in India and offered to provide support and help to deal with the current surge of COVID-19 cases in the country. President Xi sent a message of condolences to Prime Minister Modi over […]
Covid-19 crisis: Narendra Modi chairs meeting of council of ministers
NEW DELHI: The Council of Ministers met today to discuss the situation arising out of the second wave of COVID-19 in the country. The Council of Ministers meeting noted that the present pandemic crisis is ‘once in a century crisis’ and has thrown a big challenge for the world. Government of India’s Team India approach […]
IRDAI directs insurers for prompt action on Covid-19 claims
NEW DELHI: The Insurance Regulatory and Development Authority of India (IRDAI) has directed insurance companies to convey their decision on authorisation for cashless treatment for Covid-19 claims to the hospital within a period of 60 minutes from the time of the receipt of authorisation request, along with all necessary requirements from the hospital. Further, the […]
Dalmia Bharat consolidated profit zooms to Rs 640 crore in January-March 2021
NEW DELHI: Cement maker Dalmia Bharat Ltd on Friday reported a sharp uptick in consolidated profit at Rs 640 crore for the fourth quarter ended March 31, 2021, on account of higher revenue from operations and tax credit. Dalmia Bharat had reported a profit of Rs 24 crore in the corresponding period a year ago. […]
India records biggest single-day spike with 386,452 new Covid-19 cases
NEW DELHI: India saw 3,86,452 new coronavirus infections in a span of 24 hours, the highest single-day rise so far, pushing the total tally of COVID-19 cases to 1,87,62,976, while active cases crossed the 31-lakh mark, according to the Union Health Ministry data updated on Friday. The death toll increased to 2,08,330 with 3,498 new […]
World to spend $157 billion on Covid-19 vaccines through 2025
By Sanjeeb Kumar NEW DELHI: Global spending on medicines — using invoice price levels — is expected to grow at 3-6 percent CAGR through 2025 to reach about $1.6 trillion by 2025, excluding spending of COVID-19 vaccines, according to a new research report The Global Spending and Usage of Medicines released by the IQVIA Institute […]
Reliance, Saudi Aramco discuss cash and share stake deal: Report
NEW DELHI: Billionaire Mukesh Ambani’s Reliance Industries is reported to have held talks with Saudi Aramco on a cash and share deal for sale of a 20 per cent stake in its oil refining and petrochemical arm. Ambani had in August 2019 announced talks for the sale of a 20 per cent stake in the […]
Axis Bank board approves re-appointment of Amitabh Chaudhry as MD & CEO
NEW DELHI: Private sector lender Axis Bank on Thursday said its board has approved the re-appointment of Amitabh Chaudhry as its Managing Director and CEO for three years with effect from January 1, 2022. “The board of directors of the bank.. considered and approved the proposal relating to re-appointment of Amitabh Chaudhry as the Managing […]
Serum CEO Adar Poonawalla to get ‘Y’ category security cover: MHA
NEW DELHI: Serum Institute of India’s CEO Adar Poonawalla will get ‘Y’ category security across India by the CRPF, the Union government officials said on Wednesday. The Union government’s decision came after Director, Government and Regulatory Affairs at Pune-based Serum Institute of India (SII), Prakash Kumar Singh hadwritten to Union Home Minister Amit Shah on […]