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Geeta Nair

Articles By Geeta Nair

407 Articles

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

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.

Serum Institute to soon produce ‘Green Vaccine’

Achieving Net Zero state would mean reduction of emissions from all sources to zero. Adar Poonawalla-backed cleantech startup, h2e Power Systems, will be powering SII's transition to renewable and green energy.

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.

Tata Motors’ VRS may not interest workers at Pune plant

As part of its cost restructuring exercise, the company came up with the scheme on December 11 for its permanent employees and workers. The scheme will remain open till January 9, 2021.

Finolex Group inducts third generation into business, Gayatri Chhabria joins family firm

With a lineage that boasts of Pralhad P Chhabria, the founder of the Finolex Group on one side and Gopichand P Hinduja, co-chairman of the Hinduja Group on the other, joining the family business was a logical natural extensio

‘Multiple Indian companies working on 5G technology’

The whole ecosystem for 5G is becoming completely open and a few telecom operators around the world are moving towards fully open Radio Access Network (RAN) ecosystem for 5G deployment instead of depending on closed ecosystem

Similarly, capex estimate for 5G rollout in Delhi would be Rs 8,700 crore assuming 100MHz mid band spectrum at base price.

Bosch, employee union at Pune plant sign 4-year wage agreement

The new wage agreement will be effective from January 1, 2020, and valid till December 31, 2023. Workers at Bosch will be getting a hike of around Rs 20,300-23,000 by the end of 2023 to take their wages to Rs 60,000-80,000 le

After dip, labs look at increase in demand for RT-PCR tests again

RT-PCR tests were expensive to begin with, but the cost has been coming down from around Rs 2,500 per test to a few hundred rupees, depending on where the tests are done. Cost is now down by almost 80%.

The Maharashtra government has mandated RT-PCR tests for people entering its borders from select states via air, road or rail, with tests to be done 72 hours prior to the journey.

Private hospitals treated 80% of Covid-19 patients in Pune

Dr Dhananjay Kelkar, medical director, Deenanath Mangeshkar Hospital, said both private and government-run hospitals were able to deal with the surge in cases and keep death rate at 2.4% compared to 5.6% seen in Mumbai.

Pune’s realty market sees festival cheer with pick up in sales

More and more developers are witnessing a change in mood and see customers returning to the market.

Buyers are getting attracted to properties that offer good deals and discounts and effectively reduce the overall cost of acquisition, she said.

Blockchain & financial inclusion: Digital lending reaches the farm gate

Blockchain-powered digital lending by fintech startup Whrrl is helping raise farmers’ incomes and reduce their dependence on moneylenders

Whrrl is the first independent blockchain platform in the country to cross the $5-million transaction mark within three months of launching its pilot with MSWC.

E-commerce driving electrification of three-wheelers: Kinetic Green

Kinetic Green has been working on an electric 3W pilot project with two of the top e-commerce companies and has developed a product for e-commerce application based on these pilots.

Skoda Volkswagen India exports 500,000th made-in-India car

The majority of the cars exported out of the Indian plant were Vento and one-third of the exports were the Polo models. These cars have been exported to 61 countries with Mexico being the largest market followed by South Afri

Private industrial parks take off in Maharashtra

Apart from Chordia, MIDC has also recently approved an industrial park by Lodha Developers in Usatane village in Thane.

Chordia has already developed a food park in the vicinity where food processing companies have come up, including his own company Chordia Food Products.

Simpliwork leases over 2-lakh sq ft office space in Pune

Founded in January 2018, Simpliwork currently manages over around 2.4 million sq ft in India across Bengaluru, Hyderabad and Gurgaon.

Demand has started picking up and JLL has recently completed three large deals in Pune, Bajaj said. Two more large-size deals will be announced soon, he added.

Persistent Systems to expand its enterprise integration biz with CAPIOT’s acquisition

According to Deshpande, enterprise integration was a universal requirement with its ability to bring data from different sources at the right place and the right time.

Deshpande said the acquisition was aimed at cashing in on the capability that the CAPIOT team had in enterprise integration.
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