Jubilant unit joins hands with Ocugen to manufacture Covaxin for US, Canadian markets

New Delhi, June 15 Drug firm Jubilant Pharmova on Tuesday said its subsidiary has inked a pact with US-based Ocugen Inc to manufacture Covid-19 vaccine Covaxin for the US and Canadian markets. Jubilant HollisterStier LLC, a step-down subsidiary of the company, has entered into a manufacturing partnership with Ocugen for…

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Meeting to sort out glitches in new IT portal

Tribune News ServiceNew Delhi, June 15 The Union Finance Ministry has arranged an interactive three-way meeting between users of the new e-filing income tax portal, government officials and Infosys, the vendors of the portal, to discuss the glitches that have afflicted it since its launch on June 7. The Finance…

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Sensex, Nifty leap to new highs

Mumbai, June 15 Equity benchmark Sensex jumped by another 221 points to scale a new closing high of 52,773 on Tuesday, propelled by gains in index majors Reliance, Infosys, and HDFC twins amid largely positive global cues. At the closing bell, the 30-share BSE index quoted 221.52 points or 0.42…

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Dubai steps in again as pandemic drives Emirates to $5.5 billion loss

Dubai, June 15 Emirates got an additional $1.1 billion in state support from Dubai after a collapse in long-haul travel due to the coronavirus triggered its first full-year loss in over three decades. Governments around the world have pumped billions of dollars into airlines to keep them afloat during the…

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Facebook expands affordable, fast internet access in India

New Delhi, June 15 In a bid to expand affordable internet access for the public, Facebook India on Tuesday announced new partnerships with internet service providers (ISPs) D-Vois and Netplus. The ISPs will use Facebook Connectivity’s Express Wi-Fi platform to launch public Wi-Fi hotspots across Bengaluru and several cities in…

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Sensex, Nifty maintain record run as RIL rallies

Mumbai, June 14 The Sensex and Nifty erased initial losses to finish at fresh lifetime highs on Monday, buoyed by brisk buying in market heavyweight Reliance Industries. Positive global cues and a declining trend in new Covid cases added to the momentum, traders said. Rising for the third straight session,…

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Wholesale inflation zooms to 12.94%

New Delhi, June 14 The wholesale price-based inflation accelerated to a record 12.94% in May, on account of rising prices of crude oil, manufactured goods and a low base of last year. This is the fifth straight month of uptick seen in the wholesale price index (WPI)-based inflation. “The annual…

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Airtel, Ericsson demo over 1 GBPS throughput on live 5G trial network

New Delhi, June 14 Bharti Airtel and Ericsson on Monday demonstrated a throughput of over 1 GBPS on the telecom operator’s live 5G trial network in Gurgaon’s Cyber Hub. When contacted, Ericsson confirmed the development. “Bharti Airtel…and Ericsson…today demonstrated a throughput of over 1 GBPS on Bharti’s live 5G trial…

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Adani Group stocks tumble amid reports of NSDL freezing 3 FPI accounts

New Delhi, June 14 Shares of Adani Group companies witnessed a massive drubbing in morning trade on Monday, tumbling up to 25 per cent, amid reports that the National Securities Depository Ltd (NSDL) has frozen certain FPIs accounts that have holding in some of these firms. Billionaire Gautam Adani’s group…

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Adani Group shares fall after NSDL freezes major foreign funds’ accounts

New Delhi, June 14 The Adani Group stocks hit the lower circuit on Monday after the the National Securities Depository Ltd. froze the accounts of Albula Investment Fund, Cresta Fund and APMS Investment Fund effective May 31. As per reports, the funds, registered at the same address in…

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