Page 21 - Latest Updates on Covid-19

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

Global air travel unlikely to return to pre-Covid levels until 2024: IATA

Moreover, the overall domestic passenger traffic was 86.5 per cent less in June 2020 than what was observed a year ago, the global airlines body added

57% in slums, 16% in societies exposed to Covid-19: Mumbai sero-survey

The study further found that more women had been infected compared to men while, overall, 40 per cent had had the infection

France sends ventilators, test kits to assist India in Covid-19 fight

President Emmanuel Macron had recently announced the donation of medical equipment to India, as well as provision of technical expertise

Demand dip amid Covid-19, low crude prices may cut India's oil bill by 40%

For India, lower oil prices act as big incentive as the country depends on imports to meet 86% of its requirements

India economic revival worst in Asia; GDP growth to lose pace in Q3: Report

Oxford Economics,in a report titled 'India: A reopening gone wrong', said the central government's attempts to restart the economy are already running aground

Govt took comprehensive steps to reduce pandemic impact: Lok Sabha Speaker

The Lok Sabha speaker hoped a vaccine for Covid-19 would be found soon

Tea prices rise as floods, Covid-19 take a toll on production, inventory

According to All India Tea Traders Association and Gujarat Tea Traders Association, prices have shot up due to a fall in production and inventory levels, along with healthy demand for tea