New COVID-19 strain inflicts pain on global stocks : Bulletin: Business Today
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New COVID-19 strain inflicts pain on global stocks

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Shailendra Shukla | December 22, 2020

COVID-19 vaccine: Allow emergency use only after trials on sufficient sample size, says Parl panel

Any vaccine against COVID-19 should be granted emergency use authorisation only after proper consideration and conducting its trials on a sufficient sample size, a parliamentary panel chaired by senior Congress leader Anand Sharma has recommended to the government. The report comes even as the government considers applications of at least three firms seeking emergency approval to roll out their vaccines against the coronavirus in India.

New COVID-19 strain inflicts pain on global stocks, sterling, threatens more volatility

European shares fell 2% on Monday, the dollar strengthened and market volatility surged amid growing unease over the economic impact of a new coronavirus strain in Britain which has seen several European countries shut their borders to the UK. South Africa has also announced that a new variant of the Covid-19 virus is driving the country's current resurgence of the disease.

iPhone 12 becomes world's best-selling 5G device within two weeks from launch

Apple's iPhone 12 has emerged as the world's best-selling 5G smartphone for the month of October. The first 5G iPhone series that launched way later than expected, thanks to the pandemic-induced disruptions, has outperformed some of very early 5G smartphones from brands like Samsung, OnePlus, and Huawei to take the lion's share in the new Counterpoint Research's monthly Market Pulse Service. At the second spot is the iPhone 12 Pro, making the two iPhone models secure the top two ranks in the chart. Samsung Galaxy Note 20 Ultra 5G settled for the third spot.

India suspends flights from UK till Dec 31

Flights originating from the UK to India have been suspended till Dec 31, due to the mutant coronavirus strain that has spread in the UK. The decision to suspend flights from the UK comes after a host of countries temporarily banned flights from the country. In India too, pressure on the government to take a similar decision was mounting

Mrs Bectors Food IPO: Allotment of shares today

The allotment status of Mrs Bectors Food's Rs 540 crore initial public offer (IPO) which closed last week, will be announced today. The shares of the company are expected to list on bourses on December 28.

The IPO was subscribed 198.02 times as the IPO received bids for 262.10 crore equity shares against offer size of more than 1.32 crore equity shares (excluding anchor book). The high net worth individual (HNI) portion was subscribed 620 times, the qualified institutional buyer (QIB) portion 177 times and the retail category witnessed nearly 30 times subscription.

Farmers start hunger strike to pressure Modi on reforms

Farmers' leaders sought to step up pressure on Prime Minister Narendra Modi to repeal three agricultural reform laws on Monday by starting a 24-hour relay hunger strike. Modi's government is urging the farmers to engage in further talks to end a deadlock which has led to thousands camping on the outskirts of New Delhi for more than three weeks. The protests have blocked roads connecting the national capital with neighbouring states of Haryana and Uttar Pradesh, hitting public transport and the supply of fruit and vegetables.

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