Page 1612 - Coronavirus

Maharashtra deposited Rs 18,980 cr to make 2.95 mn farmers debt-free: CM

He said the government also procured 418.8 quintal cotton, highest in the last 10 years

How the electric car has evolved and why now is a good time to buy one

While improvements in mileage and battery capacity have been made and are ongoing, issues of high price points and availability of charging infrastructure are also being addressed

Covid-19 Factoid: India's daily tests nearly doubled in a week to 850,000

While Gujarat's Aravalli district has a case fatality rate of 7 per cent, the highest in the country, Karnataka has become the fourth Indian state to have more than 200,000 cases

Covid effect: Worst Indian profits in a decade are beating expert estimates

Analysts have cut the 12-month average profit estimates for Nifty members by 20% since January on concerns about a patchy recovery and climbing virus numbers

Unlock BFSI 2.0: Covid has accelerated digital payment adoption by 5-10 yrs

Apart from accelerating its evolution in India, Sameer Nigam, CEO, PhonePe, said, "Covid has been very helpful in customer acquisition, even more than demonetisation"

'Aatmanirbhar Bharat' also means 'making for the world', says PM Modi

In his Independence Day speech from Red Fort, PM Modi says corona crisis not so big as to halt India's juggernaut, invokes 'Vocal for local' mantra of self-reliance, launches digital health mission

Coronavirus LIVE: India cases hit 2.5 million, deaths near 49,000

Coronavirus latest news: India recorded 64,553 cases in a day. Maharashtra tally has surged to 560,126, Tamil Nadu 320,355, Andhra 264,142. Stay tuned for coronavirus LIVE updates

WeWork gets new $1.1 billion commitment from SoftBank, cuts cash burn rate

Revenue in the quarter reached $882 million, a 9% increase from a year earlier

Centre sets ball rolling on Covid vaccine procurement, may hold meet Monday

Health care experts said it was about time the government set the ball rolling for scaling up manufacturing because there would not be much time left after the world had a vaccine candidate

IndiGo seeks shareholder nod for payment of salary to CEO Ronojoy Dutta

Approval from shareholders has been sought by way of a special resolution which will be put to vote at the company's annual general meeting on September 4

Covid-19 vaccine: Aurobindo expects phase-I, II trials by end of 2020

The firm has earmarked $150-200 million towards capital expenditure during the current fiscal year

Blow to WHO? EU clinches first Covid-19 vaccine deal with AstraZeneca

The EU move could complicate efforts led by the WHO and GAVI, a global alliance for vaccines, to buy shots on behalf of rich and developing countries with a separate scheme

'We are the Guinea pigs': Hollywood restarts blockbuster machine

Roughly 750 people are involved in the $200 million production of Jurassic World, which restarted on July 6, and the set would normally be a hive of activity

FM Nirmala Sitharaman asks seven CPSEs to spend 50% capex in H1

This is because the government looks to maintain the pace of capital and infrastructure projects in a bid to soften the economic blow from the Covid-19 pandemic

Covid-19 impact: Bank credit growth moderates further to 5.5% by July-end

Bankers said business conditions have been improving, but only incrementally. However, demand remains weak (for credit) and many people are repaying loans, some of of which are under moratorium

India lags peers in heading back to the workplace amid coronavirus

Analysis of Google data shows office visits have declined over the last month

Covid-19 impact: United Breweries posts Q1 net loss of Rs 114.5 crore

Beer maker United Breweries Ltd on Friday reported a consolidated net loss of Rs 114.50 crore for the first quarter ended June 30, on account of decline in sales due to the pandemic. The company had posted a net profit of Rs 164.69 crore during the April-June quarter of the previous fiscal,United Breweries Ltd (UBL) said in a regulatory filing. Its revenue from operations slipped 73.17 per cent to Rs 1,262.82 crore during the quarter under review, as against Rs 4,708.42 crore in the corresponding period previous fiscal. UBL's total expenses declined 68.21 per cent to Rs 1,416.43 crore in Q1 FY21, compared to Rs 4,456.25 crore a year ago. According to the company, "its peak season was adversely affected by the pandemic" asthe COVID-19 lockdown led to complete closure of all outlets. "The primary volumes for the quarter in comparison to the corresponding quarter of the previous year were down 77 per cent," said UBL. Its revenue from beer segment fell 73.30 per cent to Rs 1,255.67 c

Opposing UGC's decision to conduct exams over pandemic: Students to SC

A bench of Justices Ashok Bhushan, R Subhash Reddy and M R Shah has started final hearing through video conferencing on a batch of petitions challenging the UGC's decision to hold the final exams

Puravankara to invest Rs 1,500 cr in warehousing on e-commerce surge

It has tied up with Morgan Stanley as a JV partner for the warehousing business and will be concentrating on Bengaluru followed by Mumbai, Hyderabad, Chennai and Pune

Voltas pre-tax profit drops 58% in June quarter; revenue plunges 51%

Its operating revenue plunged 51 per cent to Rs 1,297 crores from Rs 2,654 crores last year