Italian firm claims to have developed vaccine that neutralizes coronavirus in human cells

An Italian medical firm has claimed to have developed a vaccine that neutralizes the novel coronavirus in human cells. According to exams carried out at Rome’s infectious-disease Spallanzani Hospital, the vaccine has antibodies generated in mice that work on human cells, Italian information company ANSA reported. Tests performed on mice by a staff of scientists at Italian […]

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16 affected districts have had no new cases in past 4 weeks: Government

DELHI : The authorities on Monday stated 16 districts in the nation, which earlier had covid-19 cases, have not reported any new an infection in the past 28 days. Further, a complete of 85 districts from (25 states/Union territories) have not reported any new case in the past 14 days. “However, two districts have now […]

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A chase for high yields landed Franklin Templeton in a lockdown

MUMBAI : Franklin Templeton India’s choice to close down six debt schemes could be traced to its current predilection for taking credit score dangers and chasing yields, notably in schemes the place the fund was ideally not imagined to take credit score dangers. The worsening financial scenario has additional soured the credit score threat in […]

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Easing of loan defaults norms can help borrowers

Reserve Bank of India (RBI) has modified the way in which banks classify defaults for borrowers who availed the moratorium on their loans. In his speech, Governor Shaktikanta Dassaid that the three-month moratorium interval is not going to be thought-about when classifying the loan as NPA. Retail borrowers who’re going through tough occasions, and are […]

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As RBI enters the ring, government needs to go beyond the ropes

Covid-19 has introduced upon a disaster that none on this era has seen, surpassing the Great Depression of 1930s and the 2008 world monetary disaster. As is one’s wont, most, if not all nations, dismissed it as one thing that might not go beyond China when the pandemic erupted in that nation in December. The […]

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RIL to consider rights issue on 30 April

Mumbai: Reliance Industries (RIL), in a regulatory submitting to the Bombay Stock Exchange, stated the corporate will consider rights issue on 30 April. RIL has scheduled assembly of the Board of Directors on 30 April to consider and approve its standalone and consolidated audited monetary outcomes for the quarter and yr ended 31 March, 2020, […]

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RBI receives bids 6 times more than face value of bonds under swapping programme

MUMBAI : The Reserve Bank of India obtained ₹64,746 crore price of bids or six times more than the face value of bonds it provided to purchase from the market, under the bond swapping programme billed as Operation Twist. For the sale of securities, RBI obtained practically ₹50,260 crore price of bids or 5 times […]

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WFH accelerates migration to cloud services

Indian corporates are seeing a shift in the direction of distant working, which is fuelling demand for cloud services. Microsoft has seen a big enhance in Teams utilization and a thrice development in utilization of Windows Virtual Desktop. IBM is seeing demand rising particularly from healthcare, schooling, telecom and retail industries. During the primary two […]

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Political feud comes in the way of coronavirus fight in West Bengal

KOLKATA : It is daybreak and the streets of Kolkata are devoid of the normal joggers. The Bengali love for meals in normal, and fish in specific, had resulted in crowds outdoors markets in the early days of the lockdown, however the queues in entrance of shops have now develop into noticeably thinner. Even public […]

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Brokers body seeks Sebi, FinMin intervention as Franklin closes 6 MF schemes

Mumbai: The Association of National Exchange Members of India (ANMI), a brokers business body, on Friday sought the intervention of the securities market regulator Sebi and the ministry of finance to guard investor capital in six mutual fund schemes that Franklin Templeton Mutual Fund (FTMF) is shutting down. Late on Thursday night, Franklin Templeton introduced […]

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