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 […]
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 […]
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 […]
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 […]
More than 1 crore Covid-19 vaccine doses are still available with states to be administered
NEW DELHI: The government of India has leading the fight against the COVID19 pandemic. Vaccination is a crucial pillar of the five point strategy of Government of India to fight the pandemic (including Test, Track, Treat and COVID Appropriate Behaviour). A Liberalised and Accelerated Phase 3 Strategy of Covid-19 Vaccination will be implemented from 1st […]
India reports biggest single-day spike with 360,960 fresh Covid-19 cases
NEW DELHI: India saw a record single-day rise of 3,60,960 coronavirus cases, which pushed the total tally to 1,79,97,267, while the death toll crossed two lakh following 3,293 fresh fatalities, according to Union health ministry data updated on Wednesday. The number of people who have recuperated from the disease is 1,48,17,371, while the case fatality […]
Supreme Court asks Narendra Modi government to explain rationale of different price slabs for Covid-19 shots
NEW DELHI: The Supreme Court on Tuesday took note of different prices of COVID-19 vaccines for Centre (Narendra Modi government), states and the private hospitals and asked the central government to explain to it the rationale and basis behind such a pricing policy. The top court, hearing a suo motu case related to ‘distribution of […]