By Ritu, Capital Sands Glenmark Pharmaceuticals Ltd said on Thursday it will start clinical trials in India of antiviral drug favipiravir, seen as a potential treatment for COVID-19, sending its shares up as much as 9%. The trials come after a Chinese official told reporters last month that an active ingredient of the drug had […]
By Administrator_India Capital Sands Asian stocks rose to a fresh seven-week high on Thursday, lifted by encouraging early results from a COVID-19 treatment trial, though bonds and currencies held cautious ranges ahead of a European Central Bank meeting later in the day. Anthony Fauci, the top U.S. infectious disease official, said Gilead’s antiviral remdesivir will […]
By Ritu, Capital Sands Nine lobbying groups including the U.S. Chamber of Commerce have urged India to delay a new digital tax that will hit firms such as Facebook and Google as they are battling the fallout of the coronavirus. From April 1 India imposed a new 2% tax on foreign billings, or transactions where […]
By Administrator_India Capital Sands The Serum Institute of India said on Tuesday it plans this year to produce up to 60 million doses of a potential vaccine against the new coronavirus that is under clinical trial in Britain. Serum, the world’s largest maker of vaccines by volume, is mass-producing the vaccine candidate developed by the […]
By Administrator_India Capital Sands Gold fell on Tuesday as risk appetite was boosted by plans of some countries to ease coronavirus curbs in a phased manner, but prices held above the key $1,700 per ounce level amid hopes for more stimulus to cushion the fallout from the pandemic. *Spot gold eased 0.7% to $1,702.09 per […]
By Administrator_India Capital Sands Prime Minister Narendra Modi urged Indians to comply with a nationwide lockdown and social distancing measures on Sunday, a day after some of the world’s toughest restrictions were eased slightly while cases of COVID-19 continued to mount. In a radio address, Modi said the country was in the midst of a […]
By Administrator_India Capital Sands Swiss food giant Nestle reported its best quarterly sales growth in nearly five years on Friday as consumers stockpiled everything from Purina pet food to Nescafe coffee to frozen meals to prepare for coronavirus lockdowns. Sales in North America and Europe were particularly strong in March, helping to drive an overall […]
By Administrator_India Capital Sands The Saudi presidency of the Group of 20 major economies on Thursday called for further immediate donations to fund the emergency response to the coronavirus pandemic and develop needed vaccines. The G20 secretariat said $1.9 billion had been donated by countries, philanthropic organizations and the private sector toward an $8 billion […]
By Administrator_India Capital Sands South Asia’s coronavirus infections have crossed 37,000, with more than half in India, official data showed on Thursday, complicating the task of governments looking to scale back lockdowns that have destroyed the livelihoods of millions. Authorities in India sought this week to ease a stringent 40-day lockdown of the population of […]
By Administrator_India Capital Sands Indian medical device makers, racing to churn out ventilators as domestic COVID-19 cases spike, have been beset by supply bottlenecks, cost overruns and labour shortages that are delaying their efforts to produce an affordable device. Ventilators help patients breathe and are seen as critical given severe COVID-19 can lead to pneumonia […]