COVID-19: Eli Lilly lets Torrent Pharma manufacture Bartinicib

A week after Natco Pharma sought a compulsory license from government of India to manufacture COVID treatment drug Baricitinib, the US firm holding the rights to the drug — Eli Lilly — seems to have agreed to let several companies to manufacture and sell the drug. Baricitinib is used for treating joint inflammation in rheumatoid […]

Lockdown blues spells boon for matrimony sites

COVID-19 season has failed to make any dent in the growth of India’s matchmaking websites such as Matrimony.com, the largest. Going by the numbers, youngsters in the country seem to be finding more time for online matching making services during the COVID-19 era than ever before. In a year when most companies have seen double-digit […]

Blue Star says second wave a challenge, moderates project execution

Blue Star, one of India’s largest refrigeration and air conditioning companies, said it is moderating the pace of execution of large contracts to keep it in sync with clients’ ability to pay, and also said the second wave of the COVID-19 pandemic has posed a challenge to the growth trend seen in recent months. Chief […]

Natco Pharma seeks compulsory license for COVID-19 drug

Hyderabad-based Natco Pharma said it has decided to seek a compulsory license from the government of India to manufacture Baricitinib tablets to treat COVID-19 patients. Compulsory licensing is an internationally recognized patent provision under which the government of a country can give permission to a company to manufacture a patent-protected product for emergency use if […]

Kerala bypasses Cowin portal to prioritize second vaccine dose

Faced with a supply squeeze for COVID-19 vaccines, the Kerala government has virtually stopped taking new registration COVID-19 vaccinations on the Cowin website, and is reserving most of the stocks for providing the second dose to those who have already taken the first. The state has been forced to more or less abandon the central-government’s […]

ACC says ‘cautiously optimistic’ despite COVID surge

ACC, one of India’s largest cement makers, said it maintains a ‘cautious yet positive’ outlook on the market for the coming months despite the sudden surge of COVID-19 cases in the country. “The Company believes that the Government is taking all possible steps to intensify the vaccination program and control the spread of Covid. With […]

TCS employees stay put amid pandemic uncertainties

Tata Consultancy Services, the largest India-based provider of IT and outsourcing services, reported its lowest ever IT employee churn numbers even as the world grappled with economic uncertainties caused by a pandemic. For the year ended March, the company lost just 7.2% of its employees. Typically, IT companies see attrition levels of nearly double that. […]

With govt nod, Hero MotoCorp to vaccinate full workforce

In what is likely to become a norm soon, Hero MotoCorp has announced that it will vaccinate its entire workforce, including contract workers, against COVID-19 at its own cost. “With the government opening up the vaccination process against the coronavirus for the corporate sector, we have decided to vaccinate our workforce and other stakeholders within […]

GTPL’s Broadband growth doubles on COVID demand

GTPL Hathway, a cable and broadband network provider focused on Western and Central India, said it has already crossed its full-year target for new broadband connections within the first six months of the year, and has therefore doubled its target for FY21. At the beginning of this financial year, the company had guided towards adding […]

Indian Railways passenger traffic falls 99% due to COVID-19

India’s train passenger numbers are down nearly 99% for the five months from April to August, while freight volumes are down only 13% during the same period, Railway Minister Piyush Goyal said today. “Owing to the discontinuance of passenger services after the introduction of the lockdown to contain COVID-19 pandemic, upto the end of August, […]

Rs 433 cr collected as fare for Shramik Trains: Indian Railways

Ministry of Railways, Government of India today said Indian Railways collected Rs 433 cr from the nearly 63 workers who were mass-evacuated using Shramik Special trains during the COVID-19 lockdown. However, it maintained that it did not charge the workers any money, and the amount was collected from those who organized Shramik trains — primarily […]

COVID-19 testing charge capped at Rs 1,600 in UP

The Uttar Pradesh government has capped the maximum price chargeable by private laboratories for testing for COVID-19 at Rs 1,600 with effect from tomorrow, Sep 11. Earlier, the maximum rate was Rs 2,500. The 900-rupee reduction has been made keeping in mind the higher availability of testing COVID-19 testing kits in the country and with […]