Sputnik V vaccine recommended for emergency use approval in India

Sputnik V requires a minus 18-20 degree Celsius cold chain to remain stable

India is set to soon have a third Covid-19 vaccine – Sputnik V from Russia. The expert panel reviewing Dr Reddy’s Laboratories’ (DRL’s) application for approval to the Russian vaccine candidates has recommended that approval be given to this human adenovirus (flu virus)-based vaccine. Now, the Drugs Controller General of India (DCGI) will consider this…

Harley-Davidson plans to go electric, nominates Ford CEO to join its board

Harley-Davidson said last year it would add an independent director to its board

Harley-Davidson nominated Ford Motor Co. Chief Executive Officer Jim Farley to join its board, the latest move by CEO Jochen Zeitz as he seeks to revive the struggling motorcycle maker and prepare it for an electric future. Farley’s nomination was disclosed in an April 9 letter to shareholders from Zeitz and included in a filing…

Passenger vehicle sales in India decline by over 2% in 2020-21: Report

Vehicle sales across categories declined by 13.6% to 1,86,15,588 units, as against 2,15,45,551 units in the year-ago period.

Passenger vehicle sales in India have reduced by over 2% in FY 2020-21, according to data released by the auto industry body, Society of Indian Automobile Manufacturers (SIAM). Covid-19 added to the industries existing woes last year to further slow it down. According to the data released by the industry body, passenger vehicle wholesales declined…

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Anupam Rasayan repays significant debt from IPO proceeds

Shares of Anupam Rasayan India were down marginally at Rs 552 in a weak market.

Mumbai: Anupam Rasayan India Ltd, which listed on the bourses on 24 March, has repaid Rs 470.73 crore debt from the net proceeds of its initial public offering, resulting in significant savings in its finance cost, the company said on Monday. Shares of Anupam Rasayan India were down marginally at Rs 552 in a weak…

Flipkart enters into strategic partnership with Adani Group

In addition, Flipkart will set up its third data centre at Adani connex Private Limited Chennai based facility.

Flipkart on Monday announced a strategic and commercial partnership with the Adani Group. Flipkart will work with Adani Logistics Limited to strengthen Flipkart’s supply chain infrastructure and further enhance its ability to serve its rapidly growing base of customers, Adani Group said in a regulatory filing. In addition, Flipkart will set up its third data…

AstraZeneca says diabetes drug Farxiga fails in trial to treat covid patients

Farxiga was given over 30 days in a global trial of 1,250 patients hospitalized with COVID-19, in addition to the local standard of care.

British major drugmaker AstraZeneca said on Monday primary data from a late-stage study to test whether its diabetes drug “Farxiga” could treat patients hospitalized with COVID-19, who are at risk of developing serious complications, did not meet its main goals. “The trial did not achieve statistical significance for the primary endpoint of prevention measuring organ…