Apple, Google set deadline for employees to resume work in offices: Reports
Mar 17, 2022, at 04:05 am
With the decline in Covid-19 cases across the world, a large number of finance and tech giants like Apple and Alphabet Inc's Google have announced dates for employees to return to their offices, media reports said.
Mar 16, 2022, at 09:00 pm
iPhone supplier Foxconn has halted production at its China headquarters and Shenzhen sites following COVID-19 lockdown in the region imposed and consequent closure of all non-essential businesses till March 20, media reports said.
Johnson & Johnson temporarily halts making COVID-19 vaccine: Report
Feb 09, 2022, at 09:07 pm
Johnson & Johnson has paused late last year the production in its only plant making usable batches of COVID-19 vaccine in the Dutch city of Leiden, where it is now making an experimental but potentially more profitable vaccine to protect against an unrelated virus, according to a New York Times report.
Jan 23, 2022, at 03:24 am
New Delhi/IBNS: Ahead of Union Budget 2022-23, the Confederation of Indian Industry (CII) has urged state governments to lift restrictions on economic activity, given that the occupancy rate of hospital beds due to the Omicron variant of Covid is well within the manageable level.
Laurus Labs signs agreement with MPP for manufacturing Molnupiravir
Jan 22, 2022, at 03:12 am
Mumbai/UNI: Hyderabad-based Laurus Labs Limited on Friday said that it has signed an agreement with MPP (Medicine Patent Pool) for the manufacturing of the oral COVID-19 antiviral medication Molnupiravir.
Omicron to push air traffic recovery into fiscal 2024: CRISIL
Jan 14, 2022, at 12:31 am
Mumbai/UNI: The Omicron-led third wave of the pandemic could pose fresh turbulence to air traffic, pushing full recovery into fiscal 2024, ratings agency CRISIL said on Thursday.
FSDC-SC members discuss challenges arising from third wave
Jan 14, 2022, at 12:12 am
New Delhi/UNI: Financial Stability and Development Council (FSDC) Sub Committee (FSDC-SC) chaired by RBI Governor Shaktikanta Das on Thursday reviewed developments in the global and domestic economy.
Jan 06, 2022, at 01:04 am
New Delhi/IBNS: Total retail sales of vehicles in the month of December 2021 stood at 15,58,756 down by 16 percent year-on-year while overall retails continue to fall by 6 percent when compared to December 2019 (a regular pre-covid month), according to the data shared by the Federation of Automobile Dealers Association (FADA).
TCS to bring 80 pc of workers back to office: Report
Oct 09, 2021, at 07:07 am
Bengaluru/IBNS: TCS is preparing to get 80-85 percent of its workers back to its offices as the pace of coronavirus vaccination gains momentum, media reports said.
RBI keeps repo rate unchanged at 4 percent, maintains accommodative stance to support growth
Oct 08, 2021, at 04:53 pm
Mumbai/New Delhi/UNI: As widely expected, the Reserve Bank of India (RBI) Friday held the repo rate steady at 4 percent and maintained an accommodative policy stance to support economic growth and recovery.
Union Bank of India conducts e-RUPI module vaccination drive Under CSR initiative
Aug 10, 2021, at 02:38 am
Mumbai/IBNS: Union Bank of India today conducted Vaccination Drive at Thane Region through e-RUPI (Prepaid Voucher) module, a digital solution recently introduced by National Payment Corporation of India (NPCI) and launched by Prime Minister Narendra Modi.
Covid19: Centre removes duty on Amphotericin B, raw materials for Covid testing kits
Jul 15, 2021, at 12:40 am
New Delhi/IBNS: The government has waived off the basic customs duty on imports of raw materials for manufacturing Covid test kits and antifungal drug Amphotericin B and raw material for Covid-19 test kits for a limited period.
Kotak, Metropolis join hands to offer Covid antibody test at 30 pct discount
Jun 23, 2021, at 05:20 am
Kolkata/IBNS: To help assess one’s antibody levels, Kotak Mahindra Bank Ltd (KMBL) on Tuesday announced an exclusive offer for its customers in a tie-up with Metropolis Healthcare Limited (Metropolis).
GST Council reduces tax on equipment, meds to fight Covid19
Jun 13, 2021, at 04:25 am
New Delhi/IBNS: The Goods and Services Tax Council Saturday slashed taxes on medicines, medical equipment needed in hospitals and other items used to fight Covid-19.
Jun 03, 2021, at 07:37 am
New Delhi / Rourkela/IBNS: Ispat Nidan Kendra – the newly developed state-of-the-art Jumbo COVID Treatment Centre of SAIL, Rourkela Steel Plant (RSP) was inaugurated by Steel Minister Dharmendra Pradhan through virtual mode on Wednesday.
India's crude oil imports to drop in May as lockdown restrictions hit oil demand: Report
May 26, 2021, at 04:23 pm
New Delhi/IBNS: Indian refiners are likely to reduce crude imports in May amid the second wave of coronavirus infection in contrast to April when refiners met all their import commitments but the the full impact of the crisis will get reflected only in May numbers, according to S&P Global Platts Analytics.
RBI Guv Shaktikanta Das asks pvt banks to strengthen their balance sheets
May 26, 2021, at 04:41 am
Mumbai/IBNS: RBI Governor Shaktikanta Das in a meeting with the MD & CEOs of some private sector banks on Tuesday through video conference asked them to continue focussing on efforts to further strengthen their balance sheets proactively.
India's power consumption rose 19 pc in first fortnight of May compared to 2020
May 17, 2021, at 01:55 am
New Delhi/IBNS: India's power consumption rose by nearly 19 per cent in the first fortnight of May to 51.67 billion units (BU) compared to the same period previous year, reflecting recovery in industrial and commercial demand of electricity, power ministry data showed.
May 10, 2021, at 06:06 am
New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman has emphasised that a minimum 5 per cent tax on vaccines and 12 per cent tax on medicines and oxygen concentrators is necessary to keep their prices low while replying to West Bengal Chief Minister.
Revised Indian proposal on patent waiver at WTO to access Covid-19 medicine later this month
May 06, 2021, at 08:38 pm
New Delhi/UNI: The World Trade Organization will consider in the second half of this month a revised text of the proposal India and South Africa are going to submit for a temporary waiver of certain patent-related obligations to access essential COVID-19 medicines and medical equipment.
Covid-19: Govt slashes IGST rate on oxygen concentrator imports for personal use
May 02, 2021, at 06:52 am
New Delhi/IBNS: As India combats Covid-19, the demand for oxygen concentrators and other medical supplies has risen exponentially as the government uses all resources to increase oxygen supply. To ease this fight, the Union Finance Ministry Saturday reduced IGST (Integrated Goods and Services Tax) rate for imports of concentrators, an official statement said.
Covid-19 peak likely by mid-May: SBI report
May 01, 2021, at 04:59 am
Mumbai/IBNS: The second wave of coronavirus in India may touch the peak around mid-May, analysts of country's biggest lender State Bank of India (SBI) have predicted.
Covid-19: IRDAI asks insurers to settle policyholders' claims on cashless basis
Apr 24, 2021, at 09:17 pm
New Delhi/IBNS: Insurance regulator IRDAI on Friday asked the insurers to settle the claims of policyholders on cashless basis after reports emerged that some hospitals demanded cash payments from Covid-19 patients.
RBI extends the interim Ways and Means Advances of Rs 51,560 crore for states and UTs till Sep 30
Apr 24, 2021, at 06:10 am
Mumbai/IBNS: Reserve Bank of India (RBI) on Friday extended the interim Ways and Means Advances (WMA) limit of Rs 51,560 crore for all states and union territories till September 30 in view of the coronavirus pandemic situation.
Andaman Nicobar: Compulsory Rapid Antigen Test on all incoming passengers at Port Blair from Apr 16
Apr 15, 2021, at 08:13 pm
Port Blair/UNI: There has been a rapid surge in the COVID-19 positive cases in the South Andaman District in the last few weeks and in order to contain further spread of the virus, the District Magistrate, South Andaman has ordered compulsory Rapid Antigen Test (RAT) shall be conducted on all incoming passengers at the Veer Savarkar International Airport, Port Blair with effect from April 16, 2021, free of cost.
Supreme Court refuses to interfere in Centre's decision on extension of loan moratorium
Mar 24, 2021, at 05:58 pm
New Delhi/IBNS: The Supreme Court has refused to extend the six-month loan moratorium period given by the Reserve Bank of India (RBI), saying it cannot interfere in the 'policy decision' of the Centre and the RBI.
Google extends 'work from home' to September, CEO Sundar Pichai tells employees in email
Dec 19, 2020, at 05:36 am
Oakland (California)/IBNS: Google has extended the period of work from home for its employees by a few more months to September 2021 as the Covid-19 pandemic is far from subsiding and the anti-coronavirus vaccine is yet to hit the shelves.
Asia-Pacific countries commit to advance regional cooperation for sustainable connectivity
Nov 13, 2020, at 09:12 pm
Bangkok: Recognising that the COVID-19 pandemic has caused widespread socio-economic impacts and disruptions across Asia-Pacific, high-level officials called for a rethink on the future development of sustainable transport connectivity and mobility in the region at the sixth session of the Committee on Transport on Friday, an Economic and Social Commission for Asia and the Pacific (ESCAP) press release notified.
India's GDP at -23.9 pc marks worst contraction on record
Sep 01, 2020, at 02:47 am
New Delhi/IBNS: India's GDP contracted 23.9 percent in the April-June quarter, the worst ever performance on record, the National Statistical Office (NSO) data showed today.
Aug 28, 2020, at 12:57 am
Mumbai/IBNS: The Reserve Bank of India’s (RBI) framework for Covid-19 solutions is well thought and taken after due consultations, Governor Shaktikanta Das said Thursday, adding that the central bank’s response to COVID-19 is unprecedented.