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GMR Hyderabad Air Cargo gears up for distribution of Covid-19 vaccines

“An infrastructure to handle the Covid-19 vaccine has been developed to enhance the capacity for handling the vaccine supply from and to Hyderabad. The dedicated work station has been set up at the terminals to handle this sensitive shipment of the vaccine. Temperature zone has been developed for maintaining the vaccine. The staff has been given special training to handle the shipment of vaccine right from the acceptance till the shipment reaches the destination,” said T. Purushottam Singh, General Manager, Head operations

Delhi airport has a storage capacity of 2.7 million Covid-19 vaccine vials:CEO, Delhi International Airport

The Delhi airport has two cargo terminals with cool chambers where temperature can be set anywhere between -20 degrees Celsius to 25 degrees Celsius.
“We have a storage capacity of around 2.7 million vaccine vials at any moment of time. If we are able to conduct two rounds of distribution during a day, we can distribute 5.4 million vials daily,” . Videh Kumar Jaipuriar, the CEO of Delhi International Airport Limited (DIAL), said.
“These vaccines can come in an envirotainer which can be plugged in to keep the vaccines cool. We have made about 60 plug points where they can be plugged in and they can stay there at the same temperature,” Jaipuriar noted.

Asian business confidence gains steam, pandemic still top risk: Thomson Reuters/INSEAD survey

“There’s a sense of optimism going forward,” said Antonio Fatas, Singapore-based economics professor at global business school INSEAD.“Things are getting better but they are getting better with still a dose of uncertainty. The effect of the crisis is very different across sectors,” he added, noting the weakness in the transport sector due to curbs on global travel.

Still, more than half the respondents polled flagged persistent cases of the novel coronavirus as well as the possible scarcity of vaccines in parts of the world – at least initially – as their biggest risk.

Reliance General powers its motor claim settlement with Microsft Azure AI

Once the claim is generated, the AI tool starts processing and almost instantly generates a provisional repair work order for the customer. It also gives an option to the customer to opt for on-the-spot settlement which can be credited in customers’ account immediately. 
Rakesh Jain, CEO, Reliance General Insurance Company Limited commented, “ This technology brings the much-needed acceleration to more than 60% of claims we receive for our passenger vehicles which have just peripheral damages. With the use of RAPID, a significant decrease in the claim processing time is achieved, which will result in an enhanced customer service experience.”

COVID-19: India reports 24,337 new cases

The number of people who have recuperated from the disease surged to 96,06,111, pushing the national recovery rate to 95.53 per cent, while the COVID-19 case fatality rate stands at 1.45 per cent, according to the data.

The COVID-19 active caseload remained below 4 lakh for the 15th consecutive day.

There are 3,03,639 active coronavirus cases in the country which comprise 3.02 per cent of the total caseload, the data stated.

Asia monitoring new UK strain, no flights cancelled yet

The new strain in Britain comes as cases have surged recently in several Asian countries that successfully contained the pandemic earlier this year. The spikes in cases have prompted localised lockdowns in some countries and more aggressive testing.
Much is unknown about the strain, but experts said current vaccines should still be effective against it. No Asian country has reported the new strain.

Australia detects new UK strain, Hong Kong cancels Britain flights

The new strain has prompted Britain’s European neighbours and several others including Canada and Iran to close their doors to travellers from the country.

Much is unknown about the strain, but experts said current vaccines should still be effective against it.

Asian nations including Japan and South Korea said they were monitoring the new strain even as they battle a spike in infections at home.

Sensex crashes by 1,407 points as European markets open weaker

The NSE Nifty 50 index ended 3.14% lower at 13,328.40, wiping out six straight sessions of gains up to Friday. The benchmark S&P BSE Sensex fell 3% to 45,553.96.

European shares opened lower at 0800 GMT as investors worried about the economic impact of a new coronavirus strain which has seen several European countries shut their borders to the UK.

India may ease rules for non-Chinese investments from Hong Kong

Prime Minister Narendra Modi’s administration is formalizing investment rules for neighbouring countries amid a bloody border standoff with China earlier this year.

That’s led to over 140 proposals worth more than $1.75 billion, including proposals from China and Hong Kong, getting delayed and complicating deal-making for investors.

The framework is expected to speed up the approval process and bring in much-needed clarity for both private equity firms and hedge funds and companies looking for foreign capital as they struggle amid the pandemic generated economic shocks.

3 times increase in number of people using online consultations in India:Report

Visits to secondary care specialists like neurosurgeon, somnologist, cardiologist, and oncologist grew dramatically● 3x increase in the number of people using online consultations

○ 26% of the consultations were with GPs, followed by Dermatology (20%) and Gynecology (16%) and others like Gastroenterology, ENT, and Pediatrics stood at 7% each

○ The fastest-growing health concerns included ophthalmology, ENT, orthopedics, pediatrics, and gastroenterology ○ Delhi, Mumbai, and Chennai saw an average of 16x growth in queries for ENT specialization. Non-metros saw the highest growth of 7x in online consultations, as compared to the same period in the previous year