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Covid-19: RBI’s loan relief, Rs.50k cr liquidity to tide over pandemic

New Delhi: The Reserve Bank of India (RBI) on Wednesday announced a Covid-19 healthcare package of Rs 50,000 crore for fund-seeking vaccine makers, medical equipment suppliers, hospitals, and patients, as it opened up another round of restructuring of loans for individual and small borrowers for up to two years. The central bank governor Shaktikanta Das […]

Covid-19: New strains have hit India, other developing nations

Virendra Pandit  New Delhi: Several developing countries, besides India, are currently in the grip of the second wave of Covid-19, and some isolated Pacific Ocean islands are also receiving their first wave of the pandemic, because of more contagious and virulent strains. Although not as populated as India and, therefore, nowhere close to the flare-up […]

Mega-divorce: Bill Gates & Melinda’s marriage collapses; $146 bn at stake

Virendra Pandit  New Delhi: After Amazon founder, Jeff Bezos’ high-profile divorce with wife MacKenzie Scott in 2019, Microsoft co-founder Bill Gates is also divorcing his wife Melinda—despite their marital foundation collapsing, however, they will continue to lead the Bill& Melinda Gates Foundation with nearly USD 50 billion in assets. They announced on Monday that they […]

Eve of Modi-Boris Summit: SII to invest GBP 240 mn in UK, others too

Virendra Pandit  New Delhi: Amid the second wave of Covid-19, the world’s top vaccine maker Serum Institute of India (SII) is all set to invest Great British Pounds-Sterling (GBPs) 240 million (Rs. 2456 crores) in the United Kingdom to expand its vaccine business and set up a new sales office. On the eve of a […]

Covid-19 vaccine: Pfizer awaits India nod for not-for-profit price

Virendra Pandit  New Delhi: Global pharmaceutical behemoth Pfizer is awaiting the Government of India’s approval to its offer to supply Covid-19 vaccine at not-for-profit prices in the country currently in the grip of a devastating second wave of the pandemic. The vaccine, jointly developed by the US major and Germany’s BioNTech, is already being used […]

Essar sets up a 100-bed Covid care centre with oxygen support at Dwarka

Mumbai: The Essar Group on Saturday said it has set up a 100-bed Covid care centre at Devbhumi Dwarka district of Gujarat, duly equipped with oxygen support, to be operated by the Khambaliya Civil Hospital. The centre, located at Kajurda village at Khambaliya, was virtually inaugurated by Gujarat Chief Minister Vijay Rupani while Poonamben Maadam, […]

Covid-19: At 1,000 MT/day, RIL India’s largest medical oxygen producer

Virendra Pandit  New Delhi: India’s largest private company Reliance Industries Ltd (RIL) has now become the country’s largest producer of medical-grade liquid oxygen from a single location, at 1,000 metric tons daily, at a crucial time when the country is grappling with an unprecedented second wave of Covid-19 pandemic. RIL’s refinery-cum-petrochemical complex in Jamnagar and […]

Covid-19 in India: Dr. Fauci suggests complete shutdown for a ‘few weeks’

Virendra Pandit  New Delhi: The top epidemiologist who tried to persuade then US President Donald Trump in early 2020 to clamp a nationwide lockdown to break the chain of the first wave of Covid-19, has now advised India to do likewise for a few weeks to contain the second wave which has turned the South […]

Complacence on Covid-19: 44 Israelis killed, 150 wounded in stampede

Virendra Pandit  New Delhi: At least 44 people were killed and 150 injured in a stampede at an Israeli religious festival which tens of thousands of ultra-conservative Jews flocked to attend, throwing to the wind the Covid-19 Appropriate Protocol (CAP), only a few days after the government eased mask-wearing restrictions after vaccination of most of […]

Covid-19: India imports 450k Remdevisir vials; 75k reaching today

Virendra Pandit  New Delhi: How times change? Last year, India was exporting critical anti-viral drug Remdesivir to several countries, including the US where then President Donald Trump had advocated its use in containing Covid-19. Now, India is importing the same drug: 450,000 vials, of which the first consignment of 75,000 will be reaching the country […]
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