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Uber ties-up with Flipkart, BigBasket to supply essentials in India

THERE is good news for people in India. Uber has partnered with Flipkart to deliver everyday essentials in Delhi, Mumbai, and Bangalore. Uber has also tied-up with online grocer BigBasket and Kolkata-based Spencer’s Retail. Prabhjeet Singh, director of operations and head of cities for Uber India and South Asia, said the partnerships will allow Uber […]

India will allow some exports of anti-malaria drug after Trump appeal

INDIA will allow some exports of the anti-malaria drug hydroxychloroquine, the foreign ministry said on Tuesday (7). The decision was made after the US president Donald Trump urged New Delhi to release supplies of the drug seen as a possible treatment for COVID-19. The Indian government had earlier put a hold on exports of hydroxychloroquine […]

COVID-19: Mukesh Ambani lost $48 billion; Ritesh Agarwal’s ‘billionaire’ tag gone

INDIA’s richest man Mukesh Ambani has lost $48 billion in the past two months due to the massive correction in stock markets. The Indian tycoon lost 28 per cent of his net worth or $300 million a day as on March 31, the Hurun Global Rich List said. The chairman of Reliance Industries saw his […]

India gives Rs 500 (£5.3) to over 40 million women

INDIA has credited the first installment of Rs 500 ((£5.3) to over 40 million Jan Dhan accounts of poor women as part of a relief package in view of the lockdown due to the coronavirus outbreak, the rural development ministry said. The amount is being released by the ministry and will be credited to more […]

India’s growth will slip to 4% in FY21: ADB

INDIA’s economic growth is likely to slow down to 4 per cent this fiscal on the back of the current global health emergency, Asian Development Bank (ADB) said on Friday (3). Growth in India will remain subdued after the country suffered a sharp slowdown last year, from 6.1 per cent in fiscal 2019 to 5 […]

India might produce Covid-19 vaccine for the world: Yusuf Hamied

By Amit Roy INDIAN businessman Yusuf Hamied believes that a vaccine for coronavirus will be tested on humans in six months, and when it does become available, it will be mass produced by companies in India. “My friend Cyrus Poonawalla will make it,” Dr Hamied, chairman of Cipla, one of the pharma giants of India, […]

Toaster-sized ventilator set to aid India’s fight against Covid-19

Originally created by a robot scientist and a neurosurgeon to help India’s poor, a toaster-sized ventilator is offering hope in the country’s fight against the coronavirus pandemic and demand is booming. The virus at its most lethal attacks the lungs, making ventilators — which pump breathable air into a patient — critical for hospitals around […]

MG Motor India sells 1518 units in March

MG Motor India has reported a total retail sale of 1518 units in March 2020, including 116 units of ZS EV, and 1402 units of the HECTOR. The carmaker, which initiated the ‘Disinfect and Deliver initiative to sanitize cars and ensure a near-zero contact with customers, before the lockdown was imposed, has decided to formalize […]

Anil Agarwal on the board of his Indian entity

FOR the first time, Anil Agarwal has taken a board position in his Indian entity Vedanta Ltd, replacing brother Navin. The company said that Anil Agarwal has been appointed as “the non-executive chairman” of the Indian entity, which houses oil and gas, aluminium, power, iron ore, steel and copper business. Anil had been heading London-based […]

India’s RBI cuts rates as COVID-19 spreads in South Asia

INDIA’s central bank slashed interest rates in an emergency move on Friday (27) to counter the economic fallout from the coronavirus pandemic after the federal government locked down the country in order to slow the spread of infections across the region. Indian prime minister Narendra Modi has asked India’s 1.3 billion people to stay indoors […]

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