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Business highlights

·4-min read

New Delhi, Apr 22 (PTI) Following are the top business stories at 1945 hours: DCM23 VACCINE-PFIZER Offered not-for-profit price for COVID vax; to supply through govt contracts in India: Pfizer New Delhi, Apr 22 (PTI) Global pharma major Pfizer on Thursday said it has offered a not-for-profit price for its vaccine for the government immunisation programme in India and it remains committed to continuing engagement with the government to make the vaccine available in the country.

DCM31 BIZ-VIRUS-OXYGEN-STEEL Steel makers say facing logistical issues in supply of medical oxygen; to ramp up supply New Delhi, Apr 22 (PTI) Steel makers Tata Steel and JSPL on Thursday said logistics-related issues are posing a challenge in transportation of medical oxygen from steel plants to health facilities. Both the companies added they are making efforts to increase their daily oxygen supply.

DCM25 BIZ-OXYGEN-AMBULANCE Apollo Hospital MD seeks ambulance status for oxygen trucks New Delhi, Apr 22 (PTI) Amid hospitals crammed with patients crying out for oxygen supplies, India's largest hospital chain on Thursday asked the government to tag oxygen tanks as ambulances and enable quick green corridor movement across states.

DCM41 BIZ-VIRUS-KA-REMDESIVIR-GOWDA Additional allocation of 25,000 Remdesivir vials for Karnataka: Gowda New Delhi, Apr 22 (PTI) After reviewing the availability of antiviral drug Remdesivir in Karnataka, it has been decided that allocation of 25,000 vials will be made over and above the allocation made for the state up to April 30, Chemicals and Fertilisers Minister Sadananda Gowda said on Thursday.

DCM51 BIZ-RBI-LICENCE RBI cancels licence of Bhagyodaya Friends Urban Co-operative Bank Mumbai, Apr 22 (PTI) The RBI on Thursday said it has cancelled the licence of Bhagyodaya Friends Urban Co-operative Bank Limited (Amravati), as the lender does not have adequate capital and will be unable to pay its present depositors in full.

DCM13 BIZ-PAREKH-HOUSING Recent spike in demand for housing not pent-up but structural: HDFC chairman Mumbai, Apr 22 (PTI) The recent surge in demand for housing is not pent-up but structural in nature and it will continue to stay, HDFC Chairman Deepak Parekh said.

DCM34 BIZ-VIRUS-TELECOM-TAIPA TAIPA seeks DoT's intervention to ensure uninterrupted telecom connectivity amid movement curbs in states New Delhi, Apr 22 (PTI) Industry body TAIPA has sought the DoT's urgent intervention and support to ensure round-the-clock availability of telecom connectivity amid strict movement curbs and curfews in many states due to surging COVID-19 cases.

DCM7 BIZ-SMEV-SALES Sales of EVs in India fell 20 pc in FY'21 to 2,36,802 units: SMEV New Delhi, Apr 22 (PTI) Society of Manufacturers of Electric Vehicle (SMEV) on Thursday said sales of EVs in India fell 20 per cent in the financial year 2020-21 to 2,36,802 units.

DEL77 BIZ-LD-RUPEE Rupee drops by 6 paise to 74.94 as COVID caseload surges Mumbai, Apr 22 (PTI) The rupee weakened further by 6 paise to close at 74.94 against the US dollar on Thursday as a persistent rise in COVID-19 cases and enhanced restrictions imposed by states weighed on investor sentiment.

DEL72 BIZ-LD STOCKS Sensex snaps 2-day losing run; bank, finance stocks advance Mumbai, Apr 22 (PTI) Equity benchmarks darted up on Thursday after two sessions of losses as investors piled into banking and finance stocks even as the deteriorating COVID-19 situation remained a concern.

DCM49 BIZ-LD FUTURE-KAMATH PANEL Lenders to withdraw debt recast if Future Group-RIL deal goes through New Delhi, Apr 22 (PTI) Lenders to Kishore Biyani's Future Group will withdraw the just-approved debt recast plan that offered easier repayment options, if the troubled retailer's Rs 24,713 crore asset sale to Reliance Industries Ltd (RIL) goes through in a reasonable time frame, sources said.

DCM45 BIZ-TWITTER-APPT Twitter appoints Yu Sasamoto as VP of JAPAC; Maya Hari to lead Global Strategy and Ops New Delhi, Apr 22 (PTI) Microblogging platform Twitter on Thursday said it has appointed Yu Sasamoto as vice president for the unified region of Japan, South Korea and Asia Pacific (JAPAC), effective from May 1, 2021.

DCM49 BIZ-LD FUTURE-KAMATH PANEL Lenders to withdraw debt recast if Future Group-RIL deal goes through New Delhi, Apr 22 (PTI) Lenders to Kishore Biyani's Future Group will withdraw the just-approved debt recast plan that offered easier repayment options, if the troubled retailer's Rs 24,713 crore asset sale to Reliance Industries Ltd (RIL) goes through in a reasonable time frame, sources said. PTI HRS hrs