Future-RIL Deal: Future Group may challenge arbitration award : Bulletin: Business Today
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Future-RIL Deal: Future Group may challenge arbitration award

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Vivek Punj | October 27, 2020

Johnson & Johnson says first batches of COVID-19 vaccine may be available as soon as January

Amid ongoing coronavirus pandemic, Johnson & Johnson has said that the first batches of its COVID-19 vaccine could be available as soon as in January. The first batches of its shots are expected to be available for emergency use by starting 2021, Ruxandra Draghia-Akli, the company's head of public health research and development, said in a presentation at the World Health Summit.

Bharti Airtel forays into $1 billion Indian cloud communications market with Airtel IQ

Billionaire Sunil Mittal-led Bharti Airtel on Monday said it has entered into the fast-growing cloud communications market with the launch of Airtel IQ today. Airtel IQ is a cloud-based omni-channel communications platform which enables brands to deepen engagement with customers through timely and secure communication. Many of India's big brands such as Swiggy, Justdial, Urban Company, Havells, Dr. Lal Path Labs and Rapido have signed up as customers for Airtel IQ.

Future-RIL Deal: Future Group may challenge arbitration award; says order should be tested under Indian law

Future Retail Limited dropped a hint on Monday that it may contest the interim relief awarded by a Singapore-based arbitration centre on Future Group's deal with Reliance Retail before Indian legal forums. The Kishore Biyani-led company said in a statement that it is reviewing the (interim) stay order passed by the Singapore International Arbitration Centre (SIAC) under the arbitration proceedings invoked by Amazon as part of a shareholders' agreement with the promoters of the Future Group.

'Vaccine nationalism will prolong the pandemic, not shorten it,' warns WHO

The World Health Organisation (WHO) chief, Tedros Adhanom Ghebreyesus on Sunday, warned against vaccine nationalism as it will only prolong the pandemic. At a time when the coronavirus pandemic continues to wreak havoc across the world, claiming more than 1.1 million lives all over the world, he asked for countries to show solidarity and unite for the cause.

Coronavirus impact: Realty sector sees rise in demand for larger homes

The real estate sector is now seeing an increased demand for larger homes across India due to the businesses extending work from home into next year, making it a permanent style of functioning. Homeowners are looking at multifunctional spaces, which helps them separate work and life for optimal productivity. In most cities, homebuyers are opting for 2.5-3 BHK configurations wherever they can purchase them within their budgets.

India's energy future is bright, secure: PM Modi at India Energy Forum

Prime Minister Narendra Modi on Monday said that India is moving towards the vision of self-reliance and energy priority is its biggest priority. Access to energy should be reliable and the government is working towards increasing domestic gas production, Modi said while delivering the inaugural address at India Energy Forum, to be held between October 26-28, which will be attended by 45 CEOs of major oil and gas companies.

Zydus Cadila's COVID vaccine to be ready by March; second vaccine in the works

Ahmedabad-based pharmaceutical major Zydus Cadila's COVID-19 candidate vaccine ZyCov-D is likely to enter Phase III final stage of clinical trials by December. If all goes well, the vaccine should be ready for launch by March, next year. Further, Zydus is working on a second vaccine for COVID-19 and its pre-clinical data will be ready by January.

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