Page 12 - Latest Updates on Covid-19

Domestic pharmaceutical industry to clock 4-6% growth in FY21: Icra

The domestic pharma industry has been posting slow growth numbers since March after the Covid-19 pandemic hit prescription generation

India's 'amazing' support could help bring 'good news' on Covid-19: Israel

Applauding as "amazing" India's support in developing a rapid test for COVID-19, Israel on Wednesday expressed hope that the joint efforts could bring "good news" to the world within a few months. Israeli and Indian scientists are jointly working on an ambitious project to develop a rapid corona test that can provide results within tens of seconds. The Directorate of Defence Research and Development (DDR&D), in the Israel Ministry of Defence (IMoD), and the Ministry of Foreign Affairs have completed their mission of collecting samples to test and validate four Israeli diagnostic technologies, a press statement by IMoD here said. "The goal is to bring to the world the technological capability to perform rapid Corona tests within tens of seconds, which will enable the opening of airports, office buildings, schools, train stations and more," Col. Asaf Maller, Israel's Defense Attache to India, was quoted in the statement as saying. "The Indian support for the project is amazing. All .

Medical device industry suffers up to 85% drop in revenues during Apr-June

Medical technology industry has suffered around 50-85 per cent drop in revenue during April-June with a decline in surgical procedures at hospitals due to Covid-19 situation, industry body MTaI said

Collaborating with govt agencies to develop treatment for Covid-19: Cipla

The company is offering drugs, which have shown potency in treating Covid-19, in partnership with its global partners

Mall revenues set to halve this financial year due to Covid, says Crisil

The top-10 Crisil-rated malls have a total rated debt of Rs 4,200 cr and a high DSCR of 1.5 times, so impact on their credit quality is likely to be limited in the near term, the agency says

World Coronavirus Dispatch: Global death toll surges past 700,000

Virgin Australia to cut third of staff, Switzerland nears deal to get Moderna vaccine, BM's first quarterly loss since 2009 financial crisis and other pandemic-related news across the globe

Zenara Pharma receives DCGI approval to manufacture, sell Favipiravir

Zenara Pharma announced that it has received approval from the DCGI to manufacture and sell Favipiravir tablets as a treatment option for patients with mild to moderate symptoms of Covid-19.

BMW loses 212 mn euros in Q2 as Covid-19 cut sales, sees rebound in China

German automaker BMW AG lost 212 million euros (USD 250 million) in the second quarter as the coronavirus pandemic shutdowns cut vehicle sales by a quarter in the April-June period.

Fresh Covid-19 outbreak, floods spell double trouble for China's economy

Economic costs of floods, which have so far affected 27 of China's provincial-level jurisdictions, is likely to hit $20.6 billion

Start-ups expand omni-channel reach to grab a bigger piece of meat market

Meat is a $30 billion market in India with over 90 per cent demand being catered to by players in the unorganised segment. Meat start-ups eye to control a big piece of this space

US-based Novarax's Covid-19 vaccine shows immune responses in early trial

Trial evaluated two doses of the vaccine across two dose levels in 131 healthy adults ages 18-59 years.

10,026 Maharashtra cops contract Covid-19, death toll reaches 107

Over 10,000 Maharashtra Police personnel have so far tested positive for coronavirus and 107 of them have died due to the viral infection, an official said on Wednesday.

US scientists find possible therapeutic treatment for coronavirus

The study, published in the journal Science Translational Medicine, has found that small molecule protease inhibitors show potency against human coronaviruses

Sun Pharma launches cheapest favipiravir brand in India, at Rs 35 a pill

Pricing pressure in this category is already visible as Glenmark revised its original price (Rs 103 per tablet) to Rs 79 per tablet within a month of the launch

Videocon to get better offers after Covid-19 blows over: Promoters

Even before the decision to liquidate the group companies is taken, the committee of creditors must open all resolution plans received so far, said the promoters.

Economic recovery fragile due to Covid-19, states' lockdowns: FinMin

India is well on the path to a recovery from a trough in April, says Ministry report

Covid-19 cases in Uttar Pradesh cross 100,000; death toll climbs to 1,817

The total number of coronavirus cases in Uttar Pradesh crossed the one lakh mark as the state recorded 2,948 fresh cases on Tuesday, an official statement said

Covid-19 impact: GCPL June quarter net profit down 3.1% to 394.9 cr

Godrej Consumer Products reported a 3.12% decline in consolidated net profit at Rs 394.88 crore in the first quarter ended June 2020 due to Covid-19 related disruptions in the market

Govt lifts export ban on all ventilators to push outbound shipments

The ban was imposed on March 24 to ensure domestic availability to fight Covid-19 pandemic

674 new Covid-19 cases take Delhi tally to 139,156; death toll at 4,033

Delhi recorded 674 fresh coronavirus cases on Tuesday, taking the tally in the city to over 1.39 lakh while the death toll from the disease climbed to 4,033, authoritiessaid.