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Star Air said it will be its "privilege to offer our Tokyo Olympic champions a lifetime of free air travel"

Go First, Star Air offer free travel to all Indian Olympic medal winners

Aug 08, 2021

Go First, previously known as GoAir, stated it would give free tickets to them for the next five years. Regional carrier Star Air said it will offer the medal winners a lifetime of free air travel

Go First, previously known as GoAir will start flights connecting Doha in Qatar with Mumbai, Kochi and Kannur in India from Thursday (Source:PTI)

Go First to start flights between Doha, three Indian cities

Aug 04, 2021

Go First will operate direct flights four times a week between Mumbai and Doha, while passengers can avail flights twice a week on Kochi-Doha-Kochi and Kannur-Doha-Kannur routes

Bird Worldwide Flight Services borrowed Rs 8.52 crore under ECLGS 3.0 (Source: PTI)

SpiceJet borrowed Rs 127.51 cr, Go First Rs 25.65 cr under ECLGS scheme: Govt

Jul 29, 2021

Go First, previously known as GoAir, borrowed the amount under the Emergency Credit Line Guarantee Scheme (ECLGS 2.0), SpiceJet borrowed the money under ECLGS 3.0

DRDO's anti-covid drug released; McDonald's to invest Rs 100 cr

May 17, 2021

The first batch of Defence Research and Development Organisation's (DRDO) anti-COVID drug 2-DG has been released today by Defence Minister Rajnath Singh; Delhi Chief Minister Arvind Kejriwal on Sunday, May 16, extended the lockdown by one more week to curb the COVID-19 rise in the national capital; Bharat Biotech on Sunday said its COVID-19 vaccine Covaxin is effective against all new emerging variants of coronavirus, including those first found in India and UK. Watch this and more news on News Blast.

BT NEWS PODCAST : Chances of hospitalisation after vaccination at 0.06% : Study

Chances of hospitalisation after vaccination at 0.06% : Study

May 17, 2021

COVID-19: Chances of hospitalisation after vaccination at 0.06%, says study

An observational study conducted by Delhi's Indraprastha Apollo Hospital has found that over 97 per cent of fully vaccinated people were protected from COVID-19 infection and the chances of hospitalisation after vaccination were only 0.06 per cent. The objective of the study was to evaluate the frequency of 'breakthrough infections'. While the study indicates that COVID-19 vaccination does not provide 100 per cent immunity, it protects against serious manifestations

COVID-19: Covaxin protects against all key emerging virus variants, says Bharat Biotech

Bharat Biotech on Sunday said its COVID-19 vaccine Covaxin is effective against all new emerging variants of coronavirus, including those first found in India and UK. The study was conducted in collaboration with the National Institute of Virology and Indian Council of Medical Research, it said

GoAir files for IPO, plans to raise Rs 3,600 crore

Budget carrier GoAir has filed draft red herring prospectus (DRHP) with Sebi, ahead of its IPO. GoAir plans  to raise Rs 3,600 crore via fresh issue of shares. ICICI Securities, Citigroup and Morgan Stanley will manage the share sale. The Wadia Group-backed airline is planning an initial public offering (IPO) to raise funds for its expansion.

Delhi lockdown extended by another week to check COVID-19 spread; curbs in place till May 24

Delhi Chief Minister Arvind Kejriwal on Sunday, May 16, extended the lockdown by one more week to curb the COVID-19 rise in the national capital. The restrictions will be in place till May 24. Delhi registered 6,430 coronavirus cases with 11% positivity rate on Saturday. The recovery in the national capital stood at 11,591, however, the daily death count was still very high at 337.

McDonald's to invest Rs 100 crore to open 30 outlets in FY22

Westlife Development, which operates McDonald's restaurants in the southern and western region in India, plans to invest Rs 100 crore to open up to 30 outlets of the quick-service restaurant brand in the current financial year. The company, which now witnesses more than half of its sales from convenience channels such as delivery, takeaways and drive-thru, is bullish about growth in FY'22, leaving out the next 2-3 months.

8 of 10 most valued companies' m-cap plunges by Rs 1.13 lakh crore; RIL, SBI lone gainers

Eight of India's top-10 most valued companies saw a combined erosion of Rs 1,13,074.57 crore in market valuation last week. HDFC Bank, Infosys, and Tata Consultancy Services (TCS) emerged as the worst-hit, while Reliance Industries Ltd. (RIL) and State Bank of India were the lone gainers on a weekly basis.

COVID-19: Defence Minister to release first batch of DRDO's 2-DG drug today

The first batch of Defence Research and Development Organisation's (DRDO) anti-COVID drug 2-DG is being released on Monday by Defence Minister Rajnath Singh. The 2-DG (2-deoxy-D-glucose), an anti-COVID-19 therapeutic application of the drug, has been developed by the Institute of Nuclear Medicine and Allied Sciences (INMAS), a lab of DRDO, in collaboration with Dr Reddy's Laboratories (DRL), Hyderabad. The 2-DG drug helps in faster recovery of the hospitalised COVID-19 patients and also lessens oxygen dependence.

Fauci supports Covishield's jab extension; GoAir rebrands to 'Go First'

May 15, 2021

Amid the furore over the extension of the gap between two doses of Covishield, White House chief medical adviser Dr Anthony Fauci said that it is a 'reasonable approach'; The UP government will spend up to $1.36 billion to buy COVID-19 shots and held early talks this week with companies such as Pfizer and the local partner of the maker of Russia's Sputnik V, a state official said on Thursday; Wadia Group-backed GoAir has been rebranded as 'Go First' as the airline is betting big on its ultra-low-cost business model to tide over the impact of the COVID-19 pandemic. The airline is also preparing to go for an initial public offering (IPO) to raise funds for its expansion plans. Watch this and more on News Blast.

Also Read: When will international flights resume in India? Check out details

Delhi govt to bear expenses of children orphaned by pandemic: Kejriwal

May 15, 2021

Extension of gap between Covishield doses 'reasonable approach', says Dr Fauci

Amid the furore over the extension of the gap between two doses of Covishield, White House chief medical adviser Dr Anthony Fauci said that it is a 'reasonable approach'. He said that if one is in a situation that India finds itself in currently, then one would have to try and figure out other ways to get as many as possible vaccinated. The comments come after the government announced on Thursday that the gap between two doses of Covishield has been increased to 12-16 weeks from the current 6-8 weeks. Dr Fauci said that this 'extended interval' is beneficial even from the efficacy standpoint amid criticism that the extension is a cover-up for vaccine shortage.

Delhi govt to bear expenses of children orphaned by COVID-19 pandemic: Arvind Kejriwal

Chief Minister Arvind Kejriwal on Friday said the Delhi government will extend financial help to families which have lost their earning members to the coronavirus and also bear the cost of education and upbringing of children orphaned by the pandemic. He also said the number of fresh COVID-19 cases has come down to around 8,500 and the positivity rate has dipped to around 12 per cent. But the fight against the coronavirus has not ended and there is no room for leniency, the chief minister said in an online press conference.

GoAir rebranded as Go First ahead of IPO debut; promises attractive fares, luxury for passengers

Wadia Group-backed GoAir has been rebranded as 'Go First' as the airline is betting big on its ultra-low-cost business model to tide over the impact of the COVID-19 pandemic. The airline is also preparing to go for an initial public offering (IPO) to raise funds for its expansion plans. Go Air is the third Indian carrier to be listed on the bourses after SpiceJet and IndiGo. The airline, which was launched in 2005, has a market share of more than 9.5 per cent in India currently. The Go First as ULCC (ultra-low-cost carrier) would operate narrow-body aircraft type across its fleet, which comprises Airbus A320 and A320 Neos (new engine option) planes in operation.

UP to spend $1.36 billion on COVID-19 vaccines amid shortage

The UP government will spend up to $1.36 billion to buy COVID-19 shots and held early talks this week with companies such as Pfizer and the local partner of the maker of Russia's Sputnik V, a state official said on Thursday. The move comes as many Indian states curtail vaccinations due to severe shortages amid a record surge in coronavirus infections, with India recording more than 4,000 deaths for a second straight day as its health system fails to cope. The state government has also held pre-bid talks with Indian vaccine companies the Serum Institute of India (SII) - licensed to make the AstraZeneca and Novavax shots - Bharat Biotech and Cadila Healthcare as part of a global tender to buy 40 million doses over the next few months.

Delay in getting 2nd shot of Pfizer COVID-19 vaccine produces more antibodies: UK study

Pfizer's COVID-19 vaccine generates antibody responses three-and-a-half times larger in older people when a second dose is delayed to 12 weeks after the first, a British study said. The study released on Friday is the first to directly compare immune responses of the Pfizer shot from the three-week dosing interval tested in clinical trials, and the extended 12-week interval that British officials recommend in order to give more vulnerable people at least some protection quickly. After Britain moved to extend the interval between doses, Pfizer and vaccine partner BioNTech said there was no data to back up the move. However, Pfizer has said that public health considerations outside of the clinical trials might be taken into consideration.

GoAir plans  to raise Rs 3,600 crore via fresh issue of shares. ICICI Securities, Citigroup and Morgan Stanley will manage the share sale.

GoAir files for IPO, plans to raise Rs 3,600 crore

May 14, 2021

The Wadia Group-backed airline is planning an initial public offering (IPO) to raise funds for its expansion

Go First is positioned to get ahead of its peer group by operating with the ULCC model (Image: Go Air Twitter)

GoAir rebranded as Go First ahead of IPO debut; promises attractive fares, luxury for passengers

May 14, 2021

The Wadia Group-backed airline is also preparing to go for an initial public offering (IPO) to raise funds for its expansion plans

In March, founder Jeh Wadia from the promoter family stepped down from the company's management

GoAir bets on ultra-low-cost carrier model to consolidate market position

Apr 25, 2021

While the sector is facing temporary headwinds, we at GoAir believe that the airline is uniquely placed with its inherent ultra-low-cost structure that has always stood us in good stead, GoAir CEO Kaushik Khona said

The appointment of Baldanza is a part of GoAir's long-term plans

Jeh Wadia steps down as GoAir MD, to continue as promoter

Mar 22, 2021

GoAir also announced the appointment of aviation industry veteran Ben Baldanz  as vice chairman at the carrier. Baldanza has been an advisor to the company since 2018 and director since 2019