In an Economic Times report of November 5, there were some corporate governance issues at Indusind’s microfinance subsidiary Bharat Financial Inclusion (BFI). Indusind had acquired BFI (erswhile SKS Microfinance) in March 2019. As per the subject report – Between October 17 and 24, several senior employees of BFI had written to the Reserve Bank of … Read more
Airlines can now operate a maximum of 85 per cent of their pre-Covid domestic flights instead of the 72.5 per cent allowed till date, the ministry of civil aviation stated on Saturday. The carriers have been operating 72.5 per cent of their pre-Covid domestic flights since August 12, according to the ministry’s order. Between July … Read more
British Prime Minister Boris Johnson will set out on Tuesday his plans to manage the Covid-19 pandemic in the winter months, announcing a decision to scrap the introduction of vaccine passports and steps to end some emergency powers. Johnson, under fire from some in his governing Conservative Party for raising taxes to fix a health … Read more
After injectables and oral solid drugs, now pharmaceutical firms are focusing on coming up with re-purposed inhalation products for Covid-19. While drug major Lupin is working on a remdesivir powder for inhalation, Mumbai-based Glenmark has tied up with a Canadian Biotech firm for Nitric Oxide nasal spray that reduces Sars-CoV-2 viral load and thus transmission. … Read more
After receiving the patent for a particular molecule, according to a senior official. Markers Lab, the research and development arm of the IT company, is working on developing the drug. The company along with Reagene Biosciences has filed for the patent for a molecule that can be used to develop a drug against coronavirus. “We … Read more
Shreevar Kheruka (Managing Director of Borosil Limited) announces that in the event of an unfortunate demise of any employee due to Covid – the family will be given 2 years of salary; and the education of the children of the employee will be paid till graduation in India. The above policy was made applicable for … Read more
Billionaire hedge fund manager Bill Ackman told CNBC on Monday the economy will see a “massive” boom in the fall despite the coronavirus Delta variant. Ackman said trillions of dollars in federal stimulus, an increase in wages, pent-up savings, and the rise in vaccinations will lead to a “massive, massive economic boom.” The investor also … Read more
More companies have rolled out a Covid support policy for families of employees claimed by the infection. India’s largest metal producer Tata Steel announced that it will continue to pay salary to the deceased employee’s family till the retirement age of 60 years. The salary will be the same as his last compensation which he … Read more
Deloitte, one of the Big Four accounting organisations, has developed “a very innovative, simple, fit-for-purpose programme” in the fight against COVID-19 that can be scaled up in a quick span of time, its CEO Punit Renjen said on Monday. “We have designed, I believe, a very innovative, simple, fit-for-purpose programme that is integrated,” Renjen told … Read more