Infosys to roll out salary hikes, promotions from Jan 1 : Bulletin: Business Today
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Infosys to roll out salary hikes, promotions from Jan 1

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Rashi Bisaria | October 15, 2020

COVID-19 vaccine: Bharat Biotech fast-tracks Covaxin's trials, halves Phase 2 test size

As part of its effort to fast-track COVID-19 vaccine development, Hyderabad-based Bharat Biotech has cut the size of Phase 2 clinical trials of its indigenous coronavirus vaccine Covaxin by half. The vaccine, which Bharat Biotech is developing in collaboration with the country's apex medical research body - Indian Council of Medical Research (ICMR), will now be tested on 380 healthy volunteers in phase 2 as against 750 healthy volunteers decided earlier, Moneycontrol reported.

Infosys to roll out salary hikes, promotions from Jan 1; give 100% variable payIT major Infosys on Wednesday said that it will roll out salary hikes and promotions across all levels effective from January 1, 2021. The country's second largest software exporter, which has over 2.40 lakh employees, said it will give 100 per cent variable pay as well as special incentive for Q2 FY21.

Cycle sales in India double in last 5 months amid pandemic

Bicycle sales in India have grown by over two-folds in the last five months as people are opting for this cheapest mode of transport to cover short to medium distance in view of health safety concerns amid the COVID-19 pandemic, industry players said. A total of 41,80,945 bicycles have been sold in the country in the five months from May to September 2020, according to the All India Bicycle Manufacturers Association (AICMA).

Flipkart boosts partnership with NBFCs, banks ahead of Big Billion Days Sale

Walmart-owned Flipkart on Wednesday said it will offer credit options through 17 banks, NBFCs and fintech players that will drive credit accessibility for customers during the upcoming festive season. Flipkart is ramping up its fintech constructs so that consumers across the country can avail the benefits of easy accessibility to credit and affordability options, a statement said.

Hyderabad Rains: Telangana govt announces holiday till today; university exams postponed

People of Andhra Pradesh and Telangana woke up to heavy downpour yesterday that has led to massive water logging in both the states. Many areas in Hyderabad have reported 20 cm rains in the last 24 hours.

Heavy rains wreaked havoc in the western and southern part of India and killed 35 people across Telangana, Andhra Pradesh, Maharashtra and Karnataka. A deep depression in the Bay of Bengal which crossed the coast in Kakinada left behind a trail of destruction in the southern states.

Russia approves 2nd Covid vaccine, EpiVacCorona, after Sputnik V; Putin says 3rd one coming soon

Russia on Wednesday announced that it has granted regulatory approval to another Covid-19 vaccine named EpiVacCorona. This comes after the country granted similar approval to Sputnik V, making it the first Covid-19 vaccine candidate in the world to attain regulatory approval. EpiVacCorona was developed by the Vector Institute in Siberia and completed its early-stage human trials last month. However, its results have not been published yet and a large-scale trial, known as Phase III, is yet to begin.

Covid reinfection: US man gets virus twice in 48 days, 2nd time more severe, given oxygen support

A 25-year-old man in Nevada, US was re-infected with coronavirus and the second infection was "more severe" than the first one, a study published in The Lancent on Monday said. Unlike the first time when he contracted Covid-19, the patient had to be hospitalised and put on oxygen support during re-infection as he developed breathing difficulty and low blood oxygen. the time at which the Nevada patient got re-infected, coincides with his parent (who had been living with him) testing positive for Covid-19 for the first time. Researchers are analysing the parent's samples to determine if they had any role in the re-infection.

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