India Inc saw 568.5% jump in profit but still fired employees : Bulletin: Business Today
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India Inc saw 568.5% jump in profit but still fired employees

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Rashi Bisaria | December 30, 2020

Covaxin can protect against COVID-19 mutant: Bharat Biotech

Covaxin, a vaccine candidate being developed by Bharat Biotech for COVID-19, can offer protection against mutations of coronavirus, Chairman and Managing Director of the city-based vaccine maker, Krishna Ella, said on Tuesday. He also said the company has approached regulatory authorities seeking approval for an emergency license to use the vaccine, developed in collaboration with the Indian Council of Medical Research (ICMR) and the National Institute of Virology and now undergoing phase 3 trials.

'Small extension' in flight ban with the UK, says aviation minister

The Centre is likely to sustain the suspension of flights between India and the UK, with Civil Aviation Minister Hardeep Singh Puri indicating "a short extension" beyond December 31. Puri hinted at the extension in his statement after six Indians returning from the UK were found to have been infected by the new strain of coronavirus on Tuesday.

India Inc saw 568.5% jump in profit but still fired employees: CMIE

Listed companies made highest-ever profits in the midst of a severe lockdown by cutting costs a lot more sharply than they suffered fall in sales, private think tank Centre for Monitoring Indian Economy (CMIE) in its latest article has said. It says that though these companies made a killing during the lockdown, they still resorted to significant layoffs and wage cuts.

UK needs tighter COVID rules to avert new "catastrophe", epidemiologist warns

Britain's government needs to bring in tighter coronavirus lockdown rules to avert a fresh wave of deaths from a new strain of the disease, a leading epidemiologist and government advisor warned on Tuesday. Britain reported 41,385 new COVID cases on Monday, the highest number since testing became widely available in the middle of 2020.

Farmers' protest: AAP to install Wi-Fi hotspots at Singhu border

The Aam Aadmi Party will install Wi-Fi hotspots at the Singhu border site for the protesting farmers in order to give them internet access. This party would install hotspots at various spots of the Singhu border following demands from the protesters. Each Wi-Fi hotspot will cover a radius of 100 metre. The farmers had complained of limited internet connectivity in the area.

End of an era: French fashion designer Pierre Cardin passes away at age 98

French fashion designer Pierre Cardin passed away on Tuesday at the age of 98. He was known for his Space-Age designs and visionary creations. Cardin was known by many as a ready-to-wear pioneer. Italian by birth, he set up his own fashion label in 1950.

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