COVID-19 vaccination: Uddhav Thackeray asks PM to reduce eligible age to 25 yrs : Bulletin: Business Today
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COVID-19 vaccination: Uddhav Thackeray asks PM to reduce eligible age to 25 yrs

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Rashi Bisaria | April 6, 2021

  • COVID-19 vaccination: Uddhav Thackeray asks PM Modi to reduce eligible age to 25 yrs
Maharashtra Chief Minister Uddhav Thackeray has written a letter to Prime Minister Narendra Modi asking to reduce the age for getting COVID-19 vaccination to 25 years. Saying that the second wave of the coronavirus is much stronger than the first wave in the state, Thackeray said Maharashtra is taking up vaccination at a rapid pace and is the number 1 state in the country in terms of COVID-19 vaccine doses administered.
  • Meesho becomes latest entrant to Indian unicorn club with $300 million fundraise
Indian social commerce platform Meesho has entered the unicorn club after raising $300 million in the latest round of funding. The Series E funding round, led by SoftBank Group's Vision Fund 2, saw the valuation of the Bengaluru-based start-up rise to $2.1 billion from around $700 million in 2019.

  • COVID-19: Panacea Biotec to produce 100 million doses of Sputnik V in India annually
Panacea Biotec on Monday said it has entered into an agreement with the Russian Direct Investment Fund (RDIF) to produce 100 million doses of COVID-19 vaccine Sputnik V in India annually. Sputnik V, developed by Russia's Gamaleya National Research Institute of Epidemiology and Microbiology, was registered by the Ministry of Health of Russia on August 11, 2020.
 
  • Economy to take Rs 40,000 crore hit due to Maharashtra lockdown: CARE
Maharashtra's "radical" lockdown move will have an economic impact of Rs 40,000 crore, with the trade, hotels and transport sector to bear the biggest dent, Care Ratings said on Monday. The rating agency said the loss of economic activity will have a 0.32 per cent impact on the gross value added (GVA) growth at the national level
  • Swiggy raises $800 million from fund managers, investors
Food delivery start-up Swiggy has raised $800 million from investors, including Goldman Sachs and global alternative asset manager Falcon Edge.The fund raise by Swiggy comes at a time when its rival Zomato is looking to go public. As per reports, the company plans to raise about $650 million from its initial public offering.
  • IOC, BPCL to buy 36% less oil from Saudi Arabia in May
Indian state refiners will buy 36% less oil from Saudi Arabia in May than normal, three sources said, in a sign of escalating tensions with Riyadh even after the Kingdom supported the idea of boosting output from OPEC and allied producers last week. Energy relations between India, the world's third biggest oil importer and consumer, and Saudi Arabia have soured as global oil prices spiked.
  • Indian economy well prepared to handle second wave of COVID-19: FinMin
Backed by vaccinations and the experience from controlling the first wave of coronavirus pandemic, the Indian economy is well prepared to handle any downside risks posed by the second wave of COVID-19 cases, the Finance Ministry has said. India is well-equipped with adequate testing and health infrastructure, and economic activity has adapted to the pandemic.

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