COVID 19 trips Bharti Airtel’s user growth, pricing pressure seen

Despite the extreme disruption caused by the COVID-19, Bharti Airtel reported a decent set of numbers for the Apr-Jun period, though the pandemic clearly slowed down the growth of Airtel’s 4G service and exerted pressure on realizations. PANDEMIC FREEZE While the company has been reporting strong increases in the number of 4G users in recent […]

No COVID impact: Fertilizer maker Coromandel posts strong quarter

Coromandel International Limited, which makes the famous GROMOR brand of fertilizers, reported strong financial performance for the Apr-Jun quarter, indicating that farming activity in South India continued apace even during the COVID-19 lockdown. The company reported a whopping 51% jump in its revenue for the Apr-Jun quarter compared to the same three months of 2019. […]

Glenmark says Favipiravir trial shows 29% faster recovery in COVID-19

Glenmark Pharmaceuticals Ltd said its trial of Favirpiravir showed a 28.6% faster recovery among those treated with the antiviral drug than on those who were on standard therapy. The 150-person trial showed “numerical improvements for the primary efficacy endpoint with 28.6% faster viral clearance in the overall population as measured by the median time until […]

Kerala confirms community transmission

Kerala has become the first state in India to confirm community transmission of COVID-19. Chief Minister Pinarayi Vijayan said community transmission has been confirmed in coastal areas of Thiruvananthapuram district, based on test results from today. “We have come to the conclusion that COVID is now in community transmission in areas like Poomthura and Pulluvila,” […]

COVID-19 hurts IRCTC’s plans; Ticket sales still down 77%

The Indian Railway Catering and Tourism Corporation, which sells about 73% of India’s reserved railway tickets, said ticket sales continue to be down by about 77%-78%; almost a month-and-a-half after long-distance trains were restarted. “Pre-COVID, we were doing 60 cr rupees worth of tickets a day,” said IRCTC CMD MP Mall. “Now, it’s 13-14 cr.” […]

Trivandrum close to community transmission with 105 local cases in 24 hours

Kerala took a step closer to officially confirming local transmission of COVID-19 in Thiruvananthapuram city with the district reporting a whopping 105 cases of local transmission today. Five cluster outbreaks have been identified in Thiruvanthapuram, Chief Minister Pinarayi Vijayan said today. Two ‘large community cluster’ outbreaks of Coronavirus have been identified in Kerala, one in […]

Kerala Govt gets 84% approval rating for COVID-19 fight: Asianet PrePoll Survey

The only survey conducted on the government response to the COVID-19 in Kerala has thrown up encouraging insights for the Left Front, while giving the BJP and the central government reasons for introspection. According to the survey of 10,409 persons conducted by C fore for Asianet News between June 18 and 29, a whopping 84% […]

COVID-19: Dr Reddy’s signs deal to make and sell favipiravir globally

Dr. Reddy’s Laboratories, one of India’s biggest pharmaceuticals manufacturers, said it has signed a licensing agreement with Japan-based FUJIFILM to manufacture anti-viral drug favipiravir. Favipiravir is traditionally used to treat infuenza, and is also being tested in COVID-19 patients. Dr Reddy’s said the tie-up is part of the Japanese company’s efforts to ramp up the […]

Dixon Tech to help ramp up ‘disruptive’ COVID-19 test production

Dixon Technologies, the NOIDA-based contract manufacturer of electronics, said it has entered into a contract with Bangalore-based Molbio Diagnostics to manufacture a disruptive RT-PCR COVID-19 test that can give a major boost to India’s Coronavirus containment efforts. It has entered into a Rs 30 cr deal to manufacture 1,000 Qattros, a viral testing machine that […]

ABB India expects no ‘significant adjustments’ due to COVID-19

ABB India, the local unit of the Swiss-Swedish machinery and equipment maker, said it does not “anticipate any significant adjustments” due to the impact of the COVID-19 pandemic and the subsequent lock down. “The Company has evaluated the liquidity position, recoverability, carrying value of its assets and does not anticipate any significant adjustments at this stage […]

COVID-19: 35,327 NRIs return to Kerala after losing jobs

Kerala Chief Minister Pinarayi Vijayan said that 35,327 people have returned to the state from other countries — mainly the Persian Gulf — in the last month-and-a-half after losing their jobs. They accounted for 50% of the total 71,958 people who have come back to the state in the first 46 days since flights were […]

Coronavirus lockdown leads to spike in TV sales

India’s Coronavirus lockdown seems to have led to a sharp increase in demand for televisions sold via online retailers, according to inputs from Dixon Technologies, India’s biggest maker of TVs. Company CEO Atul Lall said that while the demand and sales of other consumer durables dipped during the lockdown, demand for TVs rose. Dixon Technologies, […]

TV18 to shut down FYI, raise pack prices; Rishtey Cineplex to go pay

FYI TV18, the most watched ‘lifestyle’ channel in India, will shut down on July 8, TV18 group said, while announcing an increase in the prices of several of its channel packages and the conversion of a free channel into pay. FYI SHUT DOWN The move to shut down FYI TV18 makes the channel the latest […]