No lockdown in Maharashtra; strict restrictions imposed from 8 PM today

COVID-19 surge: No lockdown in Maharashtra; strict restrictions imposed from 8 PM today

Maharashtra government has decided not to impose lockdown in the state, but strict restrictions will be in place to curb the recent surge of coronavirus cases, announced Chief Minister Uddhav Thackeray. All limitations will remain in effect from 8 PM on April 14 till 7 AM on May 1, with only essential services exempted from their ambit. Hotels and restaurants will continue to observe the extant restrictions - only home delievry and takeaways will be allowed, with no provision for sit-down dining

Pfizer to pursue bringing COVID-19 vaccine to India after easing of import rules

Pfizer Inc said on Tuesday it would work towards bringing the COVID-19 vaccine it developed with Germany's BioNTech to India after the government eased import rules, after withdrawing its application in February. "We have noted the recent announcement with regard to the regulatory pathway for global vaccines," a Pfizer spokesperson told Reuters in an email.

Air India sale to close by September, govt starts inviting financial bids

The government has commenced the process of inviting financial bids for the sale of Air India, with the deal expected to be completed by September this year. Tata Group was among several companies that had put in initial bids to buy the loss-making national carrier in December last year. The government is selling its entire 100 per cent stake in Air India, which has been in losses ever since its merger with domestic operator Indian Airlines in 2007.

COVID-19: Second wave can weaken India's economic recovery, says Moody's

The second wave of coronavirus infections and the measures to contain it can weaken the economic recovery in India, credit rating agency Moody's said on Tuesday. Saying that the second wave presents a risk to India's growth forecast, Moody's said the Indian economy is still likely to grow in double-digits in 2021. Moody's has projected Indian economy to grow 12 per cent in 2021.

COVID-19 pandemic 'a long way from over': WHO chief

Even though more than 780 million doses of COVID-19 vaccine have now been administered globally, the pandemic is "a long way from over" but it can be brought under control in months with proven public health measures, WHO chief Tedros Adhanom Ghebreyesus has said. He voiced concern that confusion, complacency and inconsistency in public health measures and their application are driving transmission and costing lives.

Bitcoin hits record high at $62,741

Bitcoin hit a record of $62,741 on Tuesday, extending its 2021 rally to new heights a day ahead of Coinbase's initial public offering. The largest US cryptocurrency exchange's listing on the Nasdaq on Wednesday is considered a landmark victory for cryptocurrency advocates. The world's biggest cryptocurrency, which has growing mainstream acceptance as an investment and a means of payment, rose as much as 5% on Tuesday