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Business highlights

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New Delhi, May 3 (PTI) Following are the top business stories at 1915 hours: DEL73 BIZ-VACCINE-LD POONAWALLA Poonawalla says can't ramp up vaccine production overnight New Delhi: With states scrambling to secure vaccines, Adar Poonawalla -- whose firm is the main supplier of COVID vaccine in India -- on Monday said his firm cannot ramp up production overnight as vaccine making is a specialised process.

DEL63 BIZ-LD-RUPEE Rupee rises by 14 paise to close at nearly 1 month high Mumbai: The rupee rose by 14 paise to close a nearly one-month high of 73.95 against the US dollar on Monday following losses in the American currency in the global markets.

DEL59 BIZ-LD STOCKS Markets recoup initial losses to end flat; RIL, banks weigh Mumbai: Equity benchmark Sensex staged a smart recovery from the day's low to end with marginal losses on Monday, propped up by robust buying in FMCG and telecom counters.

DEL52 BIZ-FM-ADB FM calls for sharing of technologies on COVID vaccines; says no space for vaccine nationalism New Delhi: Stressing that there cannot be any vaccine nationalism, Finance Minister Nirmala Sitharam on Monday urged nations to share technologies on COVID vaccines amid the pandemic.

DEL39 BIZ-GOLD-PRICE Gold jumps Rs 310, silver rises Rs 580 New Delhi: Gold jumps Rs 310 to Rs 46,580 per 10 gram in the national capital on Monday reflecting recovery in global precious metal prices and rupee depreciation, according to HDFC Securities.

DEL32 BIZ-LD VIRUS-PFIZER Pfizer seeks expedited nod for COVID-19 vaccine in India, donates drugs worth USD 70 mn New Delhi: Pfizer is in discussions with the Indian government for an expedited approval pathway to make Pfizer-BioNTech vaccine available in the country, its chief Albert Bourla said on Monday, while stating that the firm is donating medicines worth USD 70 million (over Rs 510 crore) for treatment of COVID-19 patients in India.

DCM56 BIZ-RBI-DEPUTYGUV T Rabi Sankar takes over as new RBI deputy guv Mumbai: T Rabi Sankar on Monday took over as the new deputy governor of the Reserve Bank of India for a period of three years, the central bank said in a statement.

DCM27 BIZ-RESULTS-IDBI BANK IDBI Bank back in black in FY21 after 5 years, posts profit of Rs 1,359 cr New Delhi: LIC-controlled IDBI Bank turned profitable in the fiscal ended in March 2021 after five years, posting a net profit of Rs 1,359 crore for the year.

DCM39 BIZ-COVID-IGST-EXEMPT Govt waives IGST on import of COVID-relief material received as donation for free distribution New Delhi: The government on Monday waived Integrated GST (IGST) till June 30 on the import of COVID-related relief material donated or received free of cost from outside India for free distribution.

DCM43 BIZ-WHEAT-PROCUREMENT Wheat procurement increases over 70 pc to 292.52 lakh tonnes this marketing season so far: Govt New Delhi: The Centre on Monday said wheat procurement rose over 70 per cent to 292.52 lakh tonnes so far in the ongoing 2021-22 rabi marketing season, benefitting about 28.80 lakh farmers.

DCM56 BIZ-RBI-DEPUTYGUV T Rabi Sankar takes over as new RBI deputy guv Mumbai: T Rabi Sankar on Monday took over as the new deputy governor of the Reserve Bank of India for a period of three years, the central bank said in a statement.

DCM58 BIZ-INDIA PESTICIDES-SEBI-IPO India Pesticides, Krishna Institute of Medical Sciences get Sebi's go-ahead to launch IPOs New Delhi: Agrochemical technicals firm India Pesticides and the Krishna Institute of Medical Sciences have received capital markets regulator Sebi's go-ahead to float initial share-sales. PTI SHW SHW