Capital Gain

Coronavirus disaster leaves deep psychological scars on India’s economy

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Expectations for India’s economic growth are being revised sharply lower as a surge in people losing their jobs and defaulting on debt suggest a more halting recovery from the financial shock of the COVID-19 pandemic. Economists are downgrading their estimates as a range of data – from the rate of […]

Biological E ties up with Canadian firm Providence for mRNA Covid vaccine

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Hyderabad-based Biological E tied up with Calgary-based Providence Therapeutics to manufacture its mRNA technology-based Covid-19 vaccine and do clinical trials in India. The deal assumes significance as this gives India access to the mRNA technology. The vaccine, named PTX-COVID19-B, is under development in Canada at the moment. Providence announced data […]

Covid situation stabilising; positivity rate, active cases reducing: Govt

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The COVID-19 positivity rate has declined from 24.83 per cent on May 10 to 12.45 per cent on May 22, the Union health ministry said on Saturday. Addressing a press briefing, Niti Aayog member (health) VK Paul said that though there has been an overall decline in case burden but […]

LIVE: On-tap liquidity of Rs 50,000 cr for Covid healthcare, says RBI guv

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Coronavirus Coronavirus live updates: India on Wednesday reported 382,691 fresh Covid-19 cases. With this, the cumulative caseload stands at 20,658,234, Worldometer showed this morning. In the past seven days alone, India has added 2,649,808 infections to its tally. As many as 3,786 deaths were also reported today. The country now has 3.49 million active cases. Reserve […]

PM asks CMs to focus on micro-containment zones, observe 3-day ‘Tika Utsav’

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India’s Prime Minister Narendra Modi on Thursday said people became more casual during the second wave of coronavirus that has spread across the country and urged chief ministers to strengthen their efforts for the next 2-3 weeks to check the spread of the virus on a “war-footing”. In his virtual […]

Increase Covishield dose interval to 4-8 weeks: Centre tells states

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The government has increased the time interval between the two doses of Covishield — the Oxford-AstraZeneca vaccine against Covid-19, being manufactured locally by Serum Institute of India — from four-six weeks to four-eight weeks in view of the “emerging scientific evidence”. The recommendation came from the National Technical Advisory Group on Immunisation, which […]

Covid-19: Germany suspends AstraZeneca vaccine amid clotting concerns

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The German government said Monday that it’s suspending the use of AstraZeneca’s coronavirus vaccine over new reports of dangerous blood clots in connection with the shot. The Health Ministry said the decision was taken as a precaution and on the advice of Germany’s national vaccine regulator, the Paul Ehrlich Institute, […]

Covid impact: Sebi may give overseas roadshow a miss, again

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The Securities and Exchange Board of India (Sebi) is unlikely to embark on any overseas roadshows this year to meet foreign portfolio investors (FPIs) in the backdrop of the surge in coronavirus variants that has made it difficult to resume normal life in several countries. The regulator typically meets overseas […]