COVID-19 impact: 21.07 lakh people took domestic flights in July; 82.3% lower than July 2019
A total of 21.07 lakh people travelled by air domestically in July this year, which is 82.3 per cent lower than the corresponding period last year, civil aviation regulator DGCA said on Thursday. Moreover, the occupancy rate or load factor for five out of six major Indian airlines was between 50 and 60 per cent in June, it stated.
Focus should be on clinical protocols, recovery rates than infection rate: Anand Mahindra
Mahindra and Mahindra Group Chairman Anand Mahindra said on Thursday that the country needs to focus on therapeutics, clinical protocols, recovery rates and on lowering the fatality rate instead of the infection rate of COVID-19 in India. India registered the highest single-day spike of 66,999 cases on Thursday, to which Mahindra said that since the number of tests conducted is increasing the number of new cases is bound to increase.
Amazon India to now sell medicines online, starts with Bengaluru
Amazon has made a foray into India's online pharmacy market. The service has been launched by the e-commerce major in Bengaluru to begin with. The company plans to carry out pilots in other cities as well going ahead. With this launch, Amazon India joins the league of healthcare start-ups such as Practo, NetMeds, 1mg, PharmEasy, Medlife, among others.
TikTok, US employees plan to sue Trump administration over app banTikTok and its US employees are planning to take President Donald Trump's administration to court over his sweeping order to ban the popular video app, according to a lawyer preparing one of the lawsuits. The employees' legal challenge to Trump's executive order will be separate from a pending lawsuit from the company that owns the app, though both will argue that the order is unconstitutional.
Apple, Google drop popular game Fortnite from app stores over payments
Apple and Google dropped the popular game Fortnite from their app stores after the game's developer introduced a direct payment plan that bypasses their platforms. Apple and Google both take a 30% cut from in-app revenue purchases in games, which has long been a sore spot with developers. Fortnite is free, but users can pay for in game accoutrements like weapons and skins. Its developer, Epic Games, said in a blog post Thursday that it was introducing Epic Direct payments, a direct payment plan for Apple's iOS and Google Play.
Tata Steel built up Rs 20,144 crore war-chest to counter economic turbulence
The debt-burdened Tata Steel has built up a liquidity war-chest of Rs 20,144 crore to scrape through the economic turbulence post the coronavirus pandemic. The liquidity buffer increased by 43.6 per cent in the six months (January-June) and it includes Rs 14,178 crore of cash and cash equivalents on its books in the June quarter. The company will deploy this surplus liquidity to deleverage the balance sheet as the business conditions normalise.
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