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 […]

Domestic textile market to remain subdued in 2020 – Arvind Ltd

Arvind Ltd, one of India’s biggest textile and garment manufactures, said its business revenue was down about 37% in August compared to the previous year due to the impact of the Coronavirus lockdown and it expects domestic market to remain subdued till early 2021. Revenue in August was at Rs 414 cr in August, compared […]

NDTV survives COVID-19 quarter without posting losses; reverses pay-cuts

Continuing the theme of TV news companies defying the trend of the COVID-19 pandemic pushing media firms into losses, NDTV reported a profitable quarter for the Apr-Jun period and said it has reversed the pay-cuts installed for most of its employees. This follows rival TV Today also bucking the trend and reporting a profit of […]

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% […]