Canara Bank launches 'Corona Kavach' Insurance Policy

Thiruvananthapuram/UNI: Canara Bank has launched a short-term COVID specific health insurance plan 'Corona Kavach', that will cover hospitalisation expenses related to the treatment of COVID-19.

Dr Reddy's Labs net profit declines 12.6 pc to Rs 579.3 cr in June qtr

Hyderabad/IBNS: Drug manufacturer Dr Reddy's Labs has said its net profit in the June quarter declined 12.60 per cent to Rs 579.3 crore compared with Rs 662.8 crore during the same quarter last month.

Senco Gold and Diamonds Chairman Shaankar Sen dies at 63

Kolkata/IBNS: Senco Gold and Diamonds Chairman and Managing Director Shaankar Sen died in Kolkata on Tuesday. He was 63.

Petrol, diesel demand nosedives in first half of July: Report

New Delhi/IBNS: State-run oil refineries registered a sharp decline in petrol, diesel sales in the first of half of July as rise in retail prices and renewed coronavirus triggered lockdown in several parts of the country hit demand, said a Reuters report.

Passenger vehicle sales drop by 50 pc in June amid coronavirus lockdown

Mumbai/IBNS: Car and sports utility vehicle (SUV) sales in the country dropped 49.59 per cent last month compared to the same period last year, said Society of Indian Automobile Manufacturers (SIAM) as coronavirus induced lockdown worsened the prevailing weak demand, said a media report.

Economy showing signs of improvement but medium term outlook still uncertain: RBI Governor

Mumbai/IBNS: RBI Governor Shakti Kanta Das has said the economy has started showing signs of improvement with the easing of over two months of strict lockdown but "a very careful trajectory" has to be followed after the pandemic is over.

RBI announces special liquidity scheme for NBFCs and HFCs through a SPV

Mumbai/IBNS: In the bid to improve the liquidity position of the NBFCs and HFCs amid the sagging economic situation triggered by Covid-19 pandemic, the government has approved a special scheme to prevent potential systemic risk in the financial sector, the Reserve Bank said on Wednesday.

CERT warns against possible phishing attack in India

Kolkata/IBNS: The Indian Computer Emergency Response Team (CERT-In) has issued an advisory recently warning about a possible phishing attack by cyber criminals against people in India with the intent to steal personal data, including bank account information, using the email id - ncov2019@gov.in.

ParleG records unprecedented sales during the lockdown period; Twitter applauds with #BharatKaApnaBiscuit

Mumbai/IBNS: Parle G, the biscuit brand which has been a favourite of the masses since decades, recorded unprecedented sales during the lockdown period, said a senior company official, according to media reports.

Coronavirus: World Bank confirms deepest recession since World War Two

New York/IBNS: The COVID-19 pandemic will shrink the global economy by 5.2 per cent this year, representing the deepest recession since World War Two, and triggering a dramatic rise in extreme poverty, the World Bank said Monday in its latest Global Economic Prospects report.

India's foreign exchange reserves soar amid Covid-19 pandemic

Mumbai/IBNS: At a time when India is facing a fresh economic challenge triggered by coronavirus pandemic, the Reserve Bank of India said country's foreign exchange reserve has increased by USD 3.43 billion to a new all-time high of $493.48 billion for the week ended May 29 following handsome accumulation of the core currency assets.

We must unlock out of Corona responsibly or all our efforts may go waste, says state health minister

Kolkata/IBNS: The Coronavirus has changed our lives for a long time to come and it is here to stay but the one good thing that has helped us Indians is that we have better immunity than several other countries in the world, said Ashwini Kumar Choubey, Minister of State for Health and Family Welfare and Chief Guest at the ASSOCHAM organised Web Conference on Relevance and importance of Health and Wellness in Covid-19 here on Tuesday.

Italy might face up to 1Mln job cuts due to COVID-19 pandemic

Rome/Sputnik/UNI: From 700,000 to 1 million people in Italy might lose their jobs due to the economic effects of the COVID-19 pandemic, the head of industrial employers group Confindustria, Carlo Bonomi, said on Friday.

Ranveer Singh spearheads Kotak 811 Campaign on Zero-Contact

Kolkata/IBNS: Kotak Mahindra Bank (Kotak) on Tuesday unveiled its Kotak 811 campaign on India’s first zero-contact, Video KYC savings account featuring Bollywood star Ranveer Singh.

Drug firm Moderna's COVID-19 vaccine shows positive result, share prices rise

New York/IBNS: American biotech company Moderna Inc said its COVID-19 vaccine, which is still in the test phase, has shown success in a small initial trial with the vaccine producing virus-neutralising antibodies similar to that found in patients recovered from the infection, triggering a rise in its share prices by 25 per cent.