By Administrator_India Capital Sands Walmart-backed Flipkart joins the league of conglomerates like Reliance Industries and IT firms such as Mindtree to cover COVID-19 vaccination costs of its employees and their families. The company has given the employees an option to either get reimbursed for the costs of the vaccinations or get them for free at a partner […]
Tag: Covid19
Near-term U.S. economic outlook darkens, slow recovery to follow
By Administrator_India Capital Sands An already-dismal near-term U.S. economic outlook has darkened further in the latest Reuters poll of economists, and while a recovery is still forecast for the second half, the economy won’t come close to regaining the ground it lost this year. Laying bare both the human and economic tragedy brought by the […]
India to provide $266 billion to boost pandemic-hit economy
By Administrator_India Capital Sands Prime Minister Narendra Modi said on Tuesday that India would provide 20 trillion rupees ($266 billion) in fiscal and monetary measures to support an economy battered by a sweeping weeks-long lockdown to fight the novel coronavirus. India has more than 70,000 cases among its 1.3 billion population and is set to […]
Spain orders two-week quarantine for all overseas travellers from May 15
By Ritu, Capital Sands The Spanish government ordered a two-week quarantine for all overseas travellers coming to the country from May 15 in a bid to curb the spreading of the novel coronavirus in the country. The incoming travellers will have to remain locked in and will only be allowed to exit for grocery shopping, […]
India to restart some passenger trains even though coronavirus infections jump
By Administrator_India Capital Sands India announced a limited re-opening of its giant rail network beginning on Tuesday after a nearly seven-week lockdown, despite also reporting its biggest single-day jump in coronavirus cases. Prime Minister Narendra Modi has faced increasing calls to end his government’s stringent lockdown of the nation’s 1.3 billion population, with political parties, […]
India exports 50 million hydroxychloroquine tablets to U.S. for COVID-19 fight
By Administrator_India Capital Sands India has shipped 50 million tablets of hydroxychloroquine to the United States, an Indian source with direct knowledge of the exports said, although U.S. regulators warned the anti-malarial drug may have harmful side effects in the treatment of COVID-19. The trade, India’s biggest export of the drug to any country, follows […]
India’s Serum Institute to make millions of potential coronavirus vaccine doses
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 […]
Coronavirus stockpiling drives best Nestle sales growth in years
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 […]
South Asia coronavirus cases top 37,000, headache for governments eyeing lockdown end
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 […]
India on global radar as companies look to shift part of operations from China
By Ritu, Capital Sands Companies are reportedly considering moving at least part of their supply chains to India in a bid to reduce dependence on China after the coronavirus pandemic. Manufacturers—global and domestic—are in talks with Indian companies to scale up operations for automobile components and electronic products from India, executives told the Livemint. This comes […]