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 […]
Covid-19 vaccine: Covishield price for states reduced by 25% to Rs 300 per dose
NEW DELHI: Serum Institute of India (SII) — the maker of the most used COVID-19 vaccine in the country — on Wednesday announced a cut in price of the jab it plans to sell to states to Rs 300 per dose from the earlier Rs 400. This follows widespread criticism of its pricing policy as […]
Mumbai: FIR against Param Bir Singh, 26 others over corruption charges
MUMBAI: Maharashtra police have filed an FIR against former Mumbai police commissioner Param Bir Singh after a police inspector levelled corruption charges against him, a senior official said on Thursday. The FIR has been registered at Akola in Vidarbha against Singh, DCP Parag Manere and 26 other policemen. The city Kotwali police in Akola registered […]
Expenditure secretary TV Somanathan appointed as Finance Secretary
NEW DELHI: Expenditure Secretary TV Somanathan has been designated as the Finance Secretary, a Personnel Ministry order issued on Wednesday said. He is a 1987-batch Indian Administrative Service (IAS) officer of the Tamil Nadu cadre. The Appointments Committee of the Cabinet has approved designating Mr Somanathan, Secretary, Department of Expenditure, Ministry of Finance as the […]
India records biggest single-day spike with 379,257 fresh Covid-19 cases
NEW DELHI: India saw a record single day rise of 3,79,257 new coronavirus infections pushing the total tally of COVID-19 cases to 1,83,76,524, while active cases crossed the 30-lakh mark, according to the Union Health Ministry data updated on Thursday. The death toll increased to 2,04,832 with a record 3,645 daily new fatalities, the data […]