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Geeta Nair

Articles By Geeta Nair

433 Articles

Mercedes-Benz infuses Rs 1,700 cr in India business to transform retail model

Mercedes-Benz has invested Rs 1,700 crore in India as it is making a shift in how it sells cars in the country. From October 22, Mercedes-Benz India’s dealers will not hold any inventory of new models. 

Mercedes AMG E 53 & E 63 S launched in India

India’s Covid-19 vaccine tally set to cross 100-crore mark as Serum keeps supplies going

Serum Institute of India (SII) has contributed a lion’s share to the national Covid-19 vaccination programme. Between January 15 and October 6 this year, the country got 66.98 crore Covishield doses from SII. It accounted f

"Vaccine hesitancy was spread but with the determination, focus and commitment of Prime Minister Narendra Modi, we were able to overcome and vaccination became a 'jan andolan' (people's movement)," he said.

Enzene gets DCGI nod for biosimilar drug to treat haematological disorder

The symptoms of this disorder ranges from mild skin bleeding and bruises to potentially fatal internal bleeding, such as in the gastrointestinal tract and the brain.

Development plan (2021-41): Pune aspires to be India’s top city

The draft development plan PMRDA has released proposes to develop city sustainably over 20 years, marrying liveability with economic growth

The draft plan provides for 26 town planning schemes, 10 metro rail routes, two ring roads (123 km and 173 km), 59 public housing projects, 152.19-km Pune-Nashik semi high-speed rail, 89.65-km crescent railway, 12 logistics hubs, and nine truck terminals, among other things.

Enzene gets DCGI nod for biosimilar drug to treat haematological disorder

The symptoms of this disorder ranges from mild skin bleeding and bruises to potentially fatal internal bleeding, such as in the gastrointestinal tract and the brain.

The company now has three biosimilars including the Denosumab biosimilar drug for osteoporosis and has some more in the pipeline.

Pune Neo project: Maharashtra Metro to prepare detailed report

The ‘Metro Neo’ mass rapid transit system in the country was mooted by Maha Metro as an alternative to the metro rail.

Pune Neo project

Bajaj Auto’s quadricycle Qute ready to go electric

The company has collaborated with taxi aggregator, Uber in a pilot in Bengaluru with positive user feedback from one lakh customers.

After posting highest quarterly revenue growth in 5 yrs in Q1, Persistent Systems to hire 2,000 freshers this year

“We have been aggressively hiring ahead of the curve. In the last two quarters, we have hired 1,650 and 1,250 people, respectively, and this quarter we hired 1,224 people,” Sapre said. They would be onboarding another 2,0

Bajaj Auto looks to set up subsidiary for EV business

Bajaj is focusing on building R&D capability, distribution and after service as these are important to scale up and because the semiconductor shortage also impacts volumes in the EV segment.

Nilon’s applies for PLI scheme for expanding food business

Around 275 companies are reported to have expressed interest to avail benefits under the scheme. The approvals are expected by the second week of August 2021.

The study by the firm showed that Moj has a better penetration in Southern states while rival Josh leads in the Hindi belt.

Pune Metro: Project gathers pace for a 2021 launch

Despite the delays caused by Covid-19, MahaMetro is looking to operationalise two priority stretches in the city before the end of the year

pune metro, pune metro project

Tata Motors expands ambulance portfolio

Tata Motors makes the Magic Express ambulance in Pantnagar, Winger in Pune and the LP 410 ambulance comes at Dharwad.

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.
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