Business
Pfizer will not charge developed countries less than U.S. for similar vaccine order
Drugmaker Pfizer Inc said on Tuesday no country in the developed world will get a lower price for its experimental COVID19 vaccine than the United States if those countries make similar volume commitments.
Trump accuses pharmaceutical industry of running false ads on his drug price plan
President Donald Trump on Tuesday slammed the pharmaceutical industry for what he said were false advertisements alleging his drug price plan would raise the cost of prescriptions for U.S. senior citizens.
Pfizer raises 2020 profit forecast on projected recovery in drug sales
Pfizer Inc raised its fullyear earnings forecast on Tuesday, as the U.S. drugmaker predicted a recovery in vaccination rates and visits to doctors after patients avoided hospitals due to the coronavirus crisis in the first half.
Govt Proposes to Hike Confinement Expenses Payable under ESIC Scheme to Rs 7,500
The Ministry of Labour and Employment issued a draft notification for increasing the benefit on Monday.
Global airlines less hopeful on COVID-19 recovery
Global airlines cut their coronavirus recovery forecast on Tuesday, saying it would take until 2024 a year longer than previously expected for passenger traffic to return to precrisis levels.
Reckitt seeks to cash in on cleaning brands with partnerships
Exploiting the strength of Lysol and Dettol brands, Reckitt Benckiser is seeking bespoke supply and sanitation deals with travel companies and hotels as the coronavirus crisis makes hygiene a high priority.
ED Books Absconding Arms Dealer Sanjay Bhandari in Fresh Money Laundering Case
Bhandari's firm was paid by Samsung Engineering Co Ltd to influence government officials in awarding a Rs 6,744 crore contract for setting up a Dual Feed Cracker Unit in Gujarat to OPaL.
Govt to Go Ahead with Divestment of 23 PSUs Cleared by Cabinet, Says Nirmala Sitharaman
Sitharaman also said she would soon meet small finance firms and non-banking finance companies to review the credit being extended by them to businesses.
Govt Amends Certain Indian Accounting Standards, Including Those Related to Leases amid Covid-19 Crisis
In the wake of the pandemic, many lessors have extended rent concessions to lessees. However, applying the Ind-AS 116 requirements for changes to lease payments could have posed practical difficulties in the current situation.
Alibaba, Jack Ma Summoned by Gurgaon Court After Ex-Employee Alleges UC Browser Censored China News in India
The employee says he was wrongfully fired after objecting to what he saw as censorship and fake news on company apps.
Airtel and Vodafone Idea Lose Over 9 Million Subscribers; Jio Adds 1.57 Million Customers in April
Bharti Airtel and Vodafone Idea Ltd (VIL) continued to see subscriber churn in April, when the nationwide lockdown to contain the spread of coronavirus pandemic was in force. During that month, Bharti Airtel lost 5.2 million subscribers while VIL lost 4.5...
Prez Rejected States' Ordinances to Suspend Majority of Labour Laws, Says RSS-affiliate Trade Union BMS
During the lockdowns, Uttar Pradesh, Madhya Pradesh and Gujarat had proposed suspension of labour laws and had sent proposals to the central government for ap.
Gold Prices in India Rise Above 'Psychological Level' of Rs 50k, Dampening Demand
Overseas, spot gold jumped more than 1% on Wednesday to its highest in nearly nine years, driven by a weaker dollar and safe-haven buying.
10 Trade Unions Call for Nationwide Protest on August 9 Against Govt's 'Anti-worker Policies'
On August 9, the 'Quit India Day' should be observed as 'Save India Day' through countrywide 'satyagraha', 'jail bharo' or any other form of militant agitations in all workplaces, a joint statement said.
Zydus Cadila Gets USFDA Nod to Market Ointment for Treating Skin Conditions
The company has received final approval from the United States Food and Drug Administration (USFDA) to market Betamethasone Dipropionate ointment USP 0.05 per cent, Zydus Cadila said in a statement.
OPEC Says Global Oil Demand Set for Record Rise in 2021 as Economies Recover from Covid Impact
Oil prices collapsed this year after global demand fell by a third when governments imposed lockdowns to stop the spread of the virus.