Page 14 - Covid-19

TVS Motor posts Rs 139 cr in first quarter as Covid-19 impacts sales

The revenue on a standalone basis in the period under review declined to Rs 1,434.3 crore from Rs 4,469.8 crore in the year-ago period

Price of coronavirus vaccine to ensure broad access, says Moderna

Moderna executives also said the enrollment for the late-stage trial was on track and the company had seen tremendous interest from clinical sites

Covid-19 infection has been circulating in bats for decades, says study

The team concluded that preventing future pandemics will require better sampling within wild bats

General Motors posts smaller-than-expected Covid-19 hit in second quarter

GM did not provide a earnings forecast for the year, but said it ended the second quarter with $30.6 billion in cash

India's Covid-19 fatality rate declining progressively: Health Ministry

35,286 Covid-19 patients discharged in 24 hours till Wednesday morning in India

71% returnees won't migrate from Odisha if given regular employment: Survey

As many as 227 migrant returnees - 88 from Bargarh, 75 from Sambalpur, 35 from Bolangir and 29 from Deoagrh - were interviewed as part of the survey

Hetero joins long list of firms to launch Covid-19 drug favipiravir

Will sell its oral anitiviral for Rs 59 a pill, Cipla and DRL to launch soon

Govt allocates 42.4 mn HCQ tablets to states; biggest allotment yet

According to the clinical management protocol for Covid-19, the HCQ has been described as 'repurposed or off-label therapy.'

Admission of students only after schools re-open: Tamil Nadu minister

Already, he said, some schools, mainly private ones, have been instructed to not release the marks of Plus-two students but some schools have done that

Telcos lost 8.2 mn subscribers in April; Covid-19 pressure remains: Report

The biggest losers were Bharti Airtel and Vodafone Idea, it said, adding sector leader Reliance Jio witnessed a growth in its base

UP to host virtual exhibitions by exporters to beat Covid-19 slump

State will also provide financial aid to exporting firms

World Coronavirus Dispatch: Pathogen may have long been unnoticed in bats

Europe's second largest bank post $13 bn loss, Moderna pitches vaccine at $50-$60 per course, fresh threat in Pakistan as people travel for Eid and other pandemic-related news across the globe

Covid-19: Deutsche Bank reports second-quarter profit despite loan losses

Deutsche bank reported a small net profit of 61 million euros in the second quarter as cost-cutting and revenue growth outweighed increased loan losses due to the virus outbreak. The gain compared with a loss of 3.1 billion euros in the year-earlier quarter, when the bank had large expenses related to its ongoing restructuring. The Frankfurt-based bank said Wednesday it had cut its cost base by 10 percent to 4.8 billion euros as it presses ahead with a drawn-out transformation aimed at improving profitability by reducing costs and riskier investments and activities. The bank said that set-asides for loans that aren't being repaid rose to 761 million euros in the quarter, from 161 million euros in the same quarter a year ago. Revenues rose 1 percent to 6.29 billion euros. Chief financial officer James von Moltke said that the bank is fully on track with a restructuring that is shedding employees and reducing costs.

Rajasthan Guv cancels Independence Day event; cites rising Covid-19 cases

Governor Kalraj Mishra, in a statement, expressed concern over the Covid-19 pandemic

Singapore Airlines reports $817 mn loss in first quarter due to Covid-19

Singapore Airlines reported a $816.73 million first-quarter net loss after drastically cutting capacity due to the decline in demand and travel restrictions associated with the coronavirus pandemic

No early end to the 'new normal', yet the show must go on: Apollo Tyres CMD

Stating that the uncertainty due to the coronavirus pandemic will continue, Apollo Tyres Chairman and Managing Director Onkar S Kanwar has said he doesn't see an early end to the 'new normal'. In view of a bleak global, Indian and European outlook, the tyre major has adopted a "cautious approach" with focus on employee safety, conserving cash, re-engineering production and cutting down all avoidable costs while continuing to spend on R&D, e-training and brand building, among others. "FY20 was a tough year by all measures. While the auto industry had been on a slow growth path even in FY19, the last year proved to be a complete dampener for the industry due to poor consumer sentiment, increased cost of ownership on account of higher insurance cost, and higher financing cost owing to the liquidity crisis in the non-banking financial company (NBFC) sector," Kanwar said in his address to shareholders in the company's annual report for 2019-20. He, however, said the company is still ...

Asian Development Bank approves Rs 22-cr grant to India to combat Covid-19

The grant will be used to procure thermal scanners and essential commodities to strengthen the India's Covid-19 response

EU health chief blames public 'complacency, laxity' for new Covid-19 cases

EU health commissioner says there's concern over an upswing of new Covid-19 cases in several European countries caused primarily by complacency and laxity among the public

Majority in India against reopening halls, flights due to Covid-19: Survey

The survey showed that 72 per cent of 34,000 people across 255 districts in the country are in favour of not visiting multiplexes in the next 60 days as they feel it will be risky, while only six per

India FY21 steel consumption to fall at least 10% due to Covid-19: Report

The agency further noted that consolidation in the Indian steel sector that began in 2018 will continue in 2020