Hinduja owned IIHL failed to meet the deadline of July 31. On...
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Malware attacks in India increase by 11%; 22% jump seen in ransomware
The report stated that a total of 78,923 never-before-seen malware...
CrowdStrike sued by shareholders over global outage
In a proposed class action filed on Tuesday night in the Austin,...
Govt extends I-T compliance deadlines; exempts tax on COVID treatment cost, ex-gratia payments from employers
“In order to ensure that no income tax liability arises on this account, it has been decided to provide income-tax exemption to the amount received by a taxpayer for medical treatment from employer or from any person for treatment of Covid-19 during FY 2019-20 and subsequent years,” it added.
U.S. approves Roche drug for emergency use against severe COVID-19
The drug can be used to treat patients who are receiving systemic corticosteroids and require supplemental oxygen, non-invasive or invasive mechanical ventilation, or extracorporeal membrane oxygenation, the FDA said, adding studies showed Actemra helped reduce the risk of death and speed recovery.
For months already, the medicine has been given to severely ill COVID-19 patients on a compassionate-use basis, generating hundreds of millions in sales for Roche.
Pfizer halts distribution of anti-smoking drug after finding carcinogen
The drugmaker is recalling a number of lots of anti-smoking drugs. The U.S. drug regulator has in the past reached out to companies whose drugs had N-nitrosodimethylamine (NDMA) over accepted levels.
The Food and Drug Administration (FDA) last year found high levels of NDMA in some versions of the popular diabetes drug metformin. NDMA contamination was responsible for the recall of the heartburn drug Zantac sold by Sanofi SA in 2019.
Third wave of coronavirus unlikely to be as severe as second wave: ICMR Study
Presenting a vaccine ramp-up scenario where 40 percent of the population has received two doses within three months of the second wave peak, and further that the effect of vaccination is (conservatively) to reduce severity of infection by 60 percent, the study said it illustrates how vaccination could substantially reduce the overall burden during the possible third wave.
Oz, Israel were Covid success stories till Delta strain struck
In Australia, around a million people in four eastern and central Sydney neighbourhoods, which include Bondi Beach, were ordered to stay home for at least a week as total infections in an outbreak connected to the Delta variant topped 60. The lockdown is a shock for a population that had returned to relative normality after months of recording few cases.
Israel, which has prided itself on having one of the world’s most successful vaccination campaigns, has seen infections surge since dropping a requirement to wear masks in enclosed public places 10 days ago.
Policybazaar.com opens 15 retail stores for broking business
To drive the business, the company has roped in former executive director of SBI Life Insurance Rajiv Gupta to lead its expansion plans in the offline space.
The brick-and-mortar stores will serve as experience centres for customers and provide them with the comfort of a local physical presence to help resolve any queries or service requests, it said.
Fake vaccine scam unearthed in Mumbai and Kolkata, police probe on
Ten people have been arrested including two doctors at a private hospital in the financial hub, police told a news conference, with the scammers targeting residents of an upscale housing complex in one case.
Intel CEO says chip shortage to hit bottom in second half of 2021
“I don’t expect the chip industry is back to a healthy supply-demand situation until ’23,” he said in an interview. “For a variety of industries, I think it’s still getting worse before it gets better.”
Longer-term, the chip industry is positioned for a period of growth, Gelsinger predicted. Over the next decade, the increasing uses for chips – including 5G phone systems, electric vehicles and expanded artificial intelligence – will drive strong demand, he said.
Merchant ship crews still stuck at sea amid Pandemic
Some have been stranded for as long as 20 months, which contravenes the International Labor Organization’s Maritime Labour Convention, which allows a maximum of 11 monthsMore than 80% of world trade is transported by sea, meaning seafarers play a critical role in global commerce. The International Chamber of Shipping estimates that 200,000 are affected by travel restrictions, either stuck at sea or unable to leave home to get to their ships.
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EVs to dominate sales 5 years sooner than expected in US, Europe: EY
In terms of EV sales volumes, Europe is expected to lead the way until 2031, with China taking the lead from 2032 to 2050.
According to Randall Miller, EY Global Advanced Manufacturing and Mobility Leader: “A mix of changing consumer attitudes, ambitious climate-focused regulations and technology evolution is about to change the landscape of vehicle buying forever. While the automotive industry has begun to more fully embrace the move toward electrification, the impact of this seismic shift is arriving sooner than many expected.”