Page 20 - Latest Updates on Covid-19

Admission of students only after schools re-open: Tamil Nadu minister

Already, he said, some schools, mainly private ones, have been instructed to not release the marks of Plus-two students but some schools have done that

Telcos lost 8.2 mn subscribers in April; Covid-19 pressure remains: Report

The biggest losers were Bharti Airtel and Vodafone Idea, it said, adding sector leader Reliance Jio witnessed a growth in its base

UP to host virtual exhibitions by exporters to beat Covid-19 slump

State will also provide financial aid to exporting firms

World Coronavirus Dispatch: Pathogen may have long been unnoticed in bats

Europe's second largest bank post $13 bn loss, Moderna pitches vaccine at $50-$60 per course, fresh threat in Pakistan as people travel for Eid and other pandemic-related news across the globe

Covid-19: Deutsche Bank reports second-quarter profit despite loan losses

Deutsche bank reported a small net profit of 61 million euros in the second quarter as cost-cutting and revenue growth outweighed increased loan losses due to the virus outbreak. The gain compared with a loss of 3.1 billion euros in the year-earlier quarter, when the bank had large expenses related to its ongoing restructuring. The Frankfurt-based bank said Wednesday it had cut its cost base by 10 percent to 4.8 billion euros as it presses ahead with a drawn-out transformation aimed at improving profitability by reducing costs and riskier investments and activities. The bank said that set-asides for loans that aren't being repaid rose to 761 million euros in the quarter, from 161 million euros in the same quarter a year ago. Revenues rose 1 percent to 6.29 billion euros. Chief financial officer James von Moltke said that the bank is fully on track with a restructuring that is shedding employees and reducing costs.

Rajasthan Guv cancels Independence Day event; cites rising Covid-19 cases

Governor Kalraj Mishra, in a statement, expressed concern over the Covid-19 pandemic

Singapore Airlines reports $817 mn loss in first quarter due to Covid-19

Singapore Airlines reported a $816.73 million first-quarter net loss after drastically cutting capacity due to the decline in demand and travel restrictions associated with the coronavirus pandemic

No early end to the 'new normal', yet the show must go on: Apollo Tyres CMD

Stating that the uncertainty due to the coronavirus pandemic will continue, Apollo Tyres Chairman and Managing Director Onkar S Kanwar has said he doesn't see an early end to the 'new normal'. In view of a bleak global, Indian and European outlook, the tyre major has adopted a "cautious approach" with focus on employee safety, conserving cash, re-engineering production and cutting down all avoidable costs while continuing to spend on R&D, e-training and brand building, among others. "FY20 was a tough year by all measures. While the auto industry had been on a slow growth path even in FY19, the last year proved to be a complete dampener for the industry due to poor consumer sentiment, increased cost of ownership on account of higher insurance cost, and higher financing cost owing to the liquidity crisis in the non-banking financial company (NBFC) sector," Kanwar said in his address to shareholders in the company's annual report for 2019-20. He, however, said the company is still ...

Asian Development Bank approves Rs 22-cr grant to India to combat Covid-19

The grant will be used to procure thermal scanners and essential commodities to strengthen the India's Covid-19 response

EU health chief blames public 'complacency, laxity' for new Covid-19 cases

EU health commissioner says there's concern over an upswing of new Covid-19 cases in several European countries caused primarily by complacency and laxity among the public

Majority in India against reopening halls, flights due to Covid-19: Survey

The survey showed that 72 per cent of 34,000 people across 255 districts in the country are in favour of not visiting multiplexes in the next 60 days as they feel it will be risky, while only six per

India FY21 steel consumption to fall at least 10% due to Covid-19: Report

The agency further noted that consolidation in the Indian steel sector that began in 2018 will continue in 2020

Separate beds, wards: How Covid-19 suspects are treated at hospitals

Initially, there were reports that dedicated facilities were allegedly not allowing suspected Covid-19 patients but later the government asked hospitals to attend to them as well

Delinking hotels from hospitals as Covid-19 situation improving: Kejriwal

The Aam Aadmi Party (AAP) government had attached around 40 hotels to hospitals to increase the bed capacity in the city

Hetero launches generic Covid-19 drug 'Favivir' at Rs 59 per tablet

It improves treatment accessibility to a significant amount of Covid-19 patient population, which have mild to moderate symptoms,Hetero said

Moderna's vaccine candidate triggers Covid-19 immunity response in monkeys

The candidate vaccine, mRNA-1273, has been co-developed by scientists at Moderna and the National Institute of Allergy and Infectious Diseases in the US

PM Modi to hold review meeting with banks, his first since Covid outbreak

Agenda not known yet, but meeting via video conferencing likely to be on credit flow especially to MSMEs

United Spirits Q1 hit by Covid-19, analysts sceptical about early recovery

Management believes worst is behind, but analysts say recovery will be tough

RBL Bank Q1 profit dips 47% on higher provisions for Covid-19, other risks

The gross non-performing assets ratio improved to 3.45 per cent as against 3.62% in March, but was higher than 1.38% in the year-ago period

3M profit misses Street estimates as coronavirus crisis hammers sales

3M is the world's biggest producer of N95 respirator masks and has seen sales surge as governments fought over supplies of protective equipment for healthcare and other essential workers