Page 24 - Latest Updates on Covid-19

Liquor is not essential, says SC; dismisses plea for counter sale in Mumbai

The petition had contended that in cities like Pune and Nashik, where the Covid-19 situation was similar to Mumbai, regular counter sale of retail liquor was being permitted

Green shoots of recovery to sprout faster in non-metro markets: EY report

Categories like consumer goods, travel, entertainment, automobiles and white goods are all expected to see increased and faster recovery of demand from non-metro markets post the lockdowns

Cheaper favipiravir brand gets nod, to enter market at Rs 59 a pill

The product comes Pune-based Brinton Pharma; Glenmark's FabiFlu is priced at Rs 73 a tablet

EC defers bypolls for 1 LS, 7 assembly seats due to Covid-19, floods

When the EC assessed the situation, it found that it is difficult to adhere to the six-month deadline in these seats

India to contribute 2.2% of world's digital payment market by 2023: Report

The Covid-19 pandemic is expected to further amplify the reach of digital payments with people terrified of using cash

Economy to rebound in second half of 2020 as Covid-19 recedes: IHS Markit

As lockdown conditions have been progressively eased, early signs of recovery were evident in the most recent economic data

Covid-19 impact: Radico Khaitan Q1 profit falls 19.52% to Rs 44.07 crore

Its total revenue from operations declined 33.70% to Rs 1,774.65 crore during the quarter under review as against Rs 2,677.07 crore in the corresponding quarter last year

Can you get Covid-19 again? Very unlikely, experts say

Bihar's health system is collapsing, why PDS shops should provide rations to all, and a study links long-time cancer with risk of severe Covid-19-a roundup of news on how India is dealing with the pan

Religious tourism hit hard by cancellation of kanwar fair, char dham yatra

The cancellation of kanwar yatra has come as the last nail in the coffin for traders in Haridwar

Power demand to decline 8% in FY21, discoms' revenue to fall 13.1%: Report

According to the agency, the fall in demand is likely to result in a 13.1% YoY decline in revenue of discoms to Rs 6.8 trillion in FY21

Make in India: Govt to offer production linked incentives in more sectors

The government earlier announced production linked incentives for large scale electronic goods makers for five years

Big traders hire online experts as Benares silk goes digital to stay afloat

Many of the smaller ones are hopping on to the e-commerce and social media bandwagon in order to survive amid the Covid crisis

Bengaluru tech firm to produce NASA-designed, US FDA-approved ventilators

The firm said it is among a handful of Indian companies licenced by NASA for meeting the worldwide acute shortage of ventilators needed in treating Covid-19 patients

ITC Q1 preview: FMCG segment to cushion overall nos; PAT may dip 30% YoY

Impact of the lockdown of manufacturing facilities, cigarette inventory levels, guidance on price and volume, and alternate distribution channels are among the key monitorables

L&T gains nearly 2% after Q1 PBT plunges 66% YoY; brokerages remain bullish

L&T booked orders worth Rs 23,574 crore - a 39 per cent drop from the Rs 38,700 crore in Q1FY20.

Next fiscal step likely after vaccine to cure Covid-19 comes: CEA

Says vaccine is not very far off and when it comes, uncertainty about the virus will considerably go down and the time will then be ripe for generating demand for discretionary spending

MyLab Discovery Solutions' Covid-19 antigen testing kits get ICMR nod

MyLab's kit named 'Pathocatch' will be available for orders immediately and will be priced at around Rs 450

Covid-19 crisis: Glenmark claims 'clinical cure in 4 days' in Phase-3 trial

Firm claims trial results showed 28.6% faster viral clearance in overall population, says drug well tolerated with no major side effects

Digital transactions could reach Rs 15 trillion a day by 2025: RBI

Daily transactions average 100 million now for a volume of Rs 5 trillion; just before Covid, they daily were averaging 125 million a day, or more than five times the volume in June 2016

Bajaj Auto's profit before tax plunges by 57% in Q1 as coronavirus bites

Pandemic induced lockdown saw volumes fall 65%, revenue decline by 60%