BUSINESS
Ocugen gets Covaxin commercialisation rights for Canada too
Ocugen and Hyderabad-based Bharat Biotech on Thursday announced that they have entered into an amendment to their co-development, supply, and commercialisation agreement to expand Ocugen's exclusive territory to commercialise Covaxin to now also include Canada, in addition to the US. As consideration for Bharat Biotech's grant of the rights to commercialise Covaxin in Canada.
NITI Aayog submits privatisation list, Bank of Maha, Central Bank top candidates
Sources said that the Department of Investment and Public Asset Management (DIPAM), and the Department of Financial Services (DFS) will examine the names suggested by NITI Aayog and finalise the list of possible candidates in the financial sector for privatisation this year. People in the know also said that Bank of Maharashtra and Central Bank are the top two candidates that has been favoured for privatisation
realme to bring 5G phones to 100M young consumers in 3 years
At its inaugural 5G summit with GSMA, Counterpoint Research and Qualcomm, realme said that new models in GT series, realme 5G performance and camera flagships will be launched in June and July, among several other corporate initiatives to promote 5G adoption globally. "We will work hard to help popularise 5G by listening more to consumers' needs, pushing forward product innovation, and helping to build the broader 5G ecosystem said Real Me India.
RIL may go big in its new energy business amid climate concerns
In his statement to the shareholders of the company in its annual report for FY20-21, Reliance Industries Chairman & Managing Director (CMD) Mukesh Ambani noted Reliance has set itself a target to become net carbon zero by 2035.
Sensex, Nifty settle at record closing highs
Decline in the daily cases of Covid-19 and strengthening of the Indian rupee supported the market sentiments. Sensex closed 52,232.43, higher by 382.95 points or 0.74 per cent from its previous close of 51,849.48. It had opened at 52,121.58 and touched an intra-day high of 52,273.23 and a low of 51,942.20 points.
True wireless sales up by 44% in Q1, Apple leads
According to research firm Counterpoint Research's latest Global Hearables (TWS) Market Report, Apple dominated the over-$100 segment with 57 per cent share, followed by Samsung at 17 per cent. "In highly competitive markets like Asia and Europe, Samsung achieved a double-digit share with good performance of all the models," Liz Lee, Senior Analyst, Counterpoint Research, said in a statement.
HDFC Bank commits to becoming carbon neutral by 2031-32
The Bank will continue to incorporate and scale up the use of renewable energy in its operations. As part of its ESG (Environmental, Social and Governance) strategy, the Bank will also focus on offering loans for green products like electric vehicles at lower interest rates and incorporating ESG scores in its credit decisions. The Bank is also working on a framework for issuing green bonds.
Musk attributes Tesla price hikes to 'supply chain pressure'
"Prices increasing due to major supply chain price pressure industry-wide," the CEO tweeted in response to a complaint about the changes. "Raw materials especially," Musk added. The CEO followed up to say that "microcontroller chips" are a particular challenge right now, The Verge reported.
App Store helped developers log $643B in commerce in 2020: Apple
The number of small developers worldwide has grown by 40 per cent since 2015 -- and they make up more than 90 percent of App Store developers. An independent study by economists from the Analysis Group defines small developers as those with fewer than 1 million downloads and less than $1 million in earnings across all their apps in a given year.
Nifty record run continues, Sensex cross 52K
Manish Hathiramani, technical analyst with Deen Dayal Investments said: "The Index has opened in fine form this morning. We should be targeting the level range of 15,900-16,000. The overall trend is positive and hence any intra-day correction should be positively utilised to enter into long positions."
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