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Geeta Nair

Articles By Geeta Nair

421 Articles

Covid-19: Govt places fresh order for 44 crore vaccines with SII, Bharat Biotech

The fresh orders and the advance payment released to vaccine maker Biological E for 30 crore doses would take the total vaccine doses secured by the government to 76 crore Covid-19 vaccines, Paul said.

Chief ministers of 13 states had approached the government requesting for centralised procurement.

Covid tracker: SII may make Sputnik V in India

SII has sought permission from the Drug Controller General of India (DCGI) and has submitted an application, (C-10), on Wednesday for test analysis and examination. Once these permissions are received, an emergency use autho

SII has committed to make 100 million Covishield vaccines a month from June. It has started manufacturing the Novavax vaccine, in small batches, at its Pune plant, even as it awaits regulatory clearance in the US and subsequently in India.

Trials of India’s first mRNA Covid vaccine by Gennova on track

Gennova is a biotech subsidiary of Pune-based Emcure Pharmaceuticals.

Gennova started Phase-I trials last month and has covered 120 volunteers.

Mylab’s home test for Covid-19 to give result in 15 minutes

The nasal swab that contains the virus has to be disposed of. A pre-filled tube in the kit contains a solution that kills the virus and does not cause any spread or contamination.

covid

Start preparing to shield children in third Covid-19 wave, Pune Platform tells hospitals

India has been following the US in the pandemic, and the US has 37 lakh children with the Covid-19 infection. Considering India’s population, the number here could go into crores, he said.

The chaos and shortage seen in the second wave will be repeated and get even worse if the system is not geared up, he said.

‘Pune model’ of collaboration among all Covid stakeholders is going pan-India

PPCR was able to increase bed capacity by 60% to 28,000 by April 2021 and more than treble number of ventilators to 1,400. Around 60% of the district’s critical healthcare capacity of ICU and ventilators were facilitated by

Mission Vayu has so far deployed 7,800 oxygen concentrators, 875 ventilators and 50,000 oximeters nationwide with additional equipment en route.

New vaccine orders from Centre will cost Rs 400 per dose: Serum Institute

SII will be able to supply 50% of the Covishield production to state governments and private hospitals and the rest to the central government.

As per the country’s new vaccine strategy, vaccination will be open to all adults from May 1.

Serum’s new Covid-19 vaccines yet to get emergency use authorisation

Novavax's NVX-CoV2373 is in Phase II and III trials. The NVX-CoV2373 is currently being evaluated in trials in the UK, US, Mexico, South Africa, India and Australia. This vaccine is scheduled for a September 2021 launch in In

Current capacity of 75 million doses per month set to expand: The current production is about 75 million doses per month of the two vaccines (Covishield and Bharat Biotech’s Covaxin) combined.

Bajaj recommences bookings for Chetak e-scooter

The electric Chetak, manufactured at the Chakan plant, was priced at `1 lakh, offering a range of 98 km per charge and the response has surpassed the company's expectations.

Mylab sees demand quadruple as firms look for on-site RT-PCR tests

Around 112 companies in and around Pune have approached Mylab Discovery Solutions, a molecular biology company, for workplace testing.

Pune international airport project: Covid-19 lends sharp edge to city’s need

With the state government announcing yet another change in the project site, Pune residents’ wait for an international airport has grown longer

This means aircraft carrying Covishield vaccines will be forced to take circuitous routes with the most precious cargo in the world.

Lending based on GST data improves MSMEs’ access to credit: Vayana Network

Vayana has till date enabled $6 billion in trade finance for 300 supply chains in 25 different industries and processed 1.7 million transactions.

The smallest of MSMEs are being integrated into large SCF programmes run by the formal banking system, freeing them from the clutches of the high-cost informal market, he said.

German partner reduces stake in Magma HDI insurance JV

HDI Global is part of the Talanx Group, a multi-brand conglomerate and the third-largest German insurance group by premium income.

Rajive Kumaraswami, MD and CEO of Magma HDI, said HDI had intended to increase its stake in the JV from 26% to 49% but the German company was not comfortable with the accompanying control and structure issues.

Bumper IPO: Indigo Paints creates wealth for employees

The market cap rose from Rs 2,500 crore in 2019 to Rs 12,000 crore after IPO. Founder and CMD Hemant Jalan said performance-linked incentives and employee stock ownership plans (ESOPs) are a big part of the company’s incent

Jalan plans to expand the pool every year and give fresh round of ESOPs to employees.

Spurred by stamp duty cut, uptick in property sales in Pune continues

Larger developers have lined up project launches in the last two months to make the best of this run. The number of registrations in Pune has grown from 2.48 lakh in September 2020 to 4.59 lakh in December 2020.

Buyers have responded well to new launches. According to Knight Frank data, during Q4 2020, Pune witnessed a 120.7% increase in new launches to 14,836 units compared to the third quarter of 2020.

Covid-19 vaccine: SII to supply 20 million Covishield doses to COVAX countries after WHO nod

The pre-qualification by WHO will enable the company to export to countries in Africa and other low- and middle-income countries under the COVAX initiative. SII will export 20 million doses of the Covishield vaccine by Februa

Apart from making efforts to meet the requirements of India, the vaccine major is also trying its best to balance the needs of the rest of the world, he had said.

Bharat Forge hikes wages by up to Rs 15,600/month

The new wage agreement was signed with workers at its main plant in Pune at Mundhwa. The new wage agreement will be effective from July 1, 2019, and to June 30, 2022.

The new wage agreement will benefit 1,331 permanent workers who are part of the Bharat Forge Kamgar Sangh union at the Mundhwa plant.

Bank of Maharashtra ties up with LoanTap Credit for co-lending to MSMEs

LoanTap offers a range of business, vehicle and personal loans to the underserved segment. BoM has a tie-up with fintech company Atyati Technologies, but it was limited to sourcing proposals. With LoanTap, the bank would be g

Covid-19: Serum Institute of India to launch second vaccine in June

“Our partnership for a Covid-19 vaccine with Novavax has published excellent efficacy results. We have applied to start trials in India,” Poonawalla tweeted on Saturday.

SII has a tie-up with US-based biotech company Novavax Inc to manufacture one billion doses of the vaccine in 2021.

Serum seeks regulatory nod for second Covid-19 vaccine

Adar Poonawalla, CEO of SII, has committed to start manufacturing and stockpiling the Novavax vaccine from April 2021. SII will be making around 50 million doses a month of this vaccine.

Novavax on Friday announced that their Covid-19 vaccine had demonstrated 89.3% efficacy in UK Phase III trial.

Serum Institute pegs losses due to fire at over Rs 1,000 crore

Cyrus Poonawalla, CMD, SII, said there was no production happening in the area and no vaccine was being made there at the time of the fire and they they were lucky that fire broke out in this building and not the building mak

SII was getting the facility ready to make vaccines.

Covid-19 Vaccine India: Vaccine consignments reach 13 cities; emotional moment, says SII’s Poonawalla

Coronavirus Vaccine Latest Update India: At present, the doses will be supplied only to the government and will not be available in the private market.

Covid-19 Vaccine in India: Adar Poonawalla, CEO, SII, termed the first shipment of the Covishield vaccine as an emotional moment for the team at SII and an historic day for the company.

Amul to invest Rs 5,000 crore over next five years

A drop was seen in the ice cream and fresh cream business that catered to the hotels, restaurants and catering segment.

Amul is not worried about the commodity stock as it would be taken care of during summer, he said.

Bharat Forge employees union seeks reversal of Chakan plant layoffs during lockdown

The employees union of Bharat Forge has asked the company to reverse the layoffs made during the lockdown at the Chakan plant.

Serum Institute of India to make 300 million vaccine doses by July

Adar Poonawalla, COO, SII, said they have a stockpile of 40-50 million doses already and more are being produced every week.

covid 19, covid 19 vaccines

Rising price, shortage of steel likely to hamper revival of forging industry

Around 75% of input for the forging industry is steel and it directly affects the forging industry, he said. “In 40 years I have not seen steel prices go up this much,” Pasricha added.

According to Yash Munot, CEO of Varsha Forgings and V-P of AIFI, another price rise is expected soon.

Serum seeks regulatory nod for Ph-III trials of Novavax’s Covid vaccine

SII is seeking regulatory nod from the Indian government to start the trials for this vaccine. Company sources said it can start the trials by January 2021 once the regulatory approval is received.

Terming the vaccination of about 70 lakh health workers as the first wave of the first phase of vaccination drive, Dr Paul said that it would be easier to vaccinate health workers as they are already present at the healthcare facilities.
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