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.
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