No diversion, Bharat Biotech Pune plant as per Bombay High Court order: Ajit Pawar
NEW DELHI: Maharashtra Deputy Chief Minister Ajit Pawar on Monday dismissed the allegation that he has diverted a Bharat Biotech project of manufacturing COVID-19 vaccines to his home district Pune. He said the plant was being set up in Pune following a Bombay High Court decision in this regard. Pawar is the guardian minister of […]
India Inc’s foreign investment jumps over two-folds to $2.51 billion in April 21
NEW DELHI: India Inc’s foreign investment in the first month of this current fiscal jumped by more than two-times year-on-year to USD 2.51 billion, data from the Reserve Bank showed on Monday. Indian investors had committed USD 1.21 billion worth of outward foreign direct investment (OFDI) in April 2020. Of the total commitment of USD […]
Macrotech to invest Rs 2,800 crore in FY22 on construction of realty units
NEW DELHI: Realty firm Macrotech Developers will double its investment on construction to Rs 2,800 crore in this fiscal to speed up works at various projects which were hampered last year due to the COVID-19 pandemic and a nationwide lockdown. Mumbai-based Macrotech Developer, earlier known as Lodha Developers, is one of the leading real estate […]
Dr Reddy’s rolls out Sputnik V Covid-19 vaccine in India at Rs 995 per dose
NEW DELHI: Dr. Reddy’s Laboratories has announced that the first consignment of imported doses of the Sputnik V vaccine that landed in India on 1st May, 2021, received regulatory clearance from the Central Drugs Laboratory, Kasauli, on 13th May, 2021. As part of a limited pilot, the soft launch of the vaccine has commenced and […]
Narendra Modi government will provide assistance to companies willing to manufacture Covid-19 vaccines
NEW DELHI: Amid a political war of words between the Narendra Modi government (Centre) and the Delhi government over the availability of sufficient vaccines to inoculate all adults in the national capital, the central government on Thursday said it will provide all possible assistance to all companies willing to manufacture the vaccine to ramp up […]
US Covid-19 guidance: Great day for America as fully vaccinated people do not need masks outside
By ZEKE MILLER and MICHAEL BALSAMO WASHINGTON:In a major step toward returning to pre-pandemic life, the Centers for Disease Control and Prevention eased mask-wearing guidance for fully vaccinated people on Thursday, allowing them to stop wearing masks outdoors in crowds and in most indoor settings. “Today is a great day for America,” President Joe Biden […]
India received $83 billion in remittances in 2020: World Bank report
NEW DELHI: India received over USD83 billion in remittances in 2020, a drop of just 0.2 per cent from the previous year, despite a pandemic that devastated the world economy, according to a World Bank report. China, which received USD59.5 billion in remittances in 2020 against USD68.3 billion the previous year, is a distant second […]
Godrej Properties clocks record sales bookings of Rs 6,725 crore in FY21
NEW DELHI: Realty firm Godrej Properties’ sales bookings grew by 14 per cent to an all-time high of Rs 6,725 crore during the last financial year, despite a slowdown in the property market due to the pandemic. In an investor presentation, the Mumbai-based company said it has achieved sales bookings of more than Rs 1,300 […]
Narendra Modi government, Adar Poonawalla refute reports about no Covid-19 vaccine orders
NEW DELHI: Debunking news reports that India has not placed fresh orders for Covid vaccines with the Serum Institute of India (SII) and Bharat BioTech since March, the Union government on Monday said such reports are completely incorrect and are not based on facts. The media reports suggested that the last order placed with the […]
Revisit current Covid-19 vaccine policy, it may create disparity: Supreme Court to Centre
NEW DELHI: The Supreme Court has directed the Centre to revisit its COVID-19 vaccine pricing policy, saying it would prima facie result in a detriment to the right to public health. A bench headed by Justice D Y Chandrachud said as of date, the manufacturers have suggested two different prices, a lower price which is […]
India receives 1st consignment of 1.5 lakh Sputnik V Covid-19 vaccine doses from Russia
NEW DELHI: India on Saturday received the first consignment of 1.5 lakh doses of Sputnik V COVID-19 vaccine from Russia as the country embarked on the third phase of the vaccination drive against the infection. The Central Board of Indirect Taxes and Customs (CBIC) in a tweet said that the customs department cleared expeditiously the […]
Getting aggressive calls from powerful Indians: Adar Poonawalla on Covid-19 vaccine pressure
NEW DELHI: Serum Institute of India (SII) CEO Adar Poonawalla on Saturday spoke out about the pressures he was under over the production of COVID-19 vaccines to meet the ever-increasing demand in India as the country battles through a devastating second wave of the coronavirus pandemic. In his first comments since he was provided with […]
India targets road construction worth Rs.15 lakh crore in next two years
NEW DELHI: India’s Road Transport & Highways and Micro, Small and Medium Enterprises Minister Nitin Gadkari said that the Government is giving utmost priority to the development of infrastructure and has set a target of road construction of worth Rs.15 lakh crores in next two years. Gadkari was confident that the Ministry for Road Transport […]
Australians to face 5-year jail or hefty fine if they return home from India
NEW DELHI: Threatening a five-year jail term or hefty fine, the Australian government temporarily barred its citizens from entering the country if they happened to be in India within 14 days of their intended arrival. The decision was announced after a meeting of the National Cabinet on Friday and will come into force from Monday. […]
RIL’s March quarter net profit more than doubles
NEW DELHI: Billionaire Mukesh Ambani’s Reliance Industries Ltd on Friday reported more than doubling of its March quarter net profit as consumer businesses of retail and telecom as well as petrochemicals saw sequential recovery on improved spreads offsetting continued weakness in refining business. Consolidated net profit of Rs 13,227 crore in January-March compared with Rs […]
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 […]