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Hester Biosciences Limited, a Gujarat-based pharmaceutical company has announced that it has entered into a collaboration with Indian Institute of Technology Guwahati to work on the vaccine development against COVID-19. The agreement between the two parties was signed on 15th April 2020. “The vaccine will be based on recombinant avian paramyxovirus based vector platform. The…
Britain’s flag carrier British Airways is reportedly planning to cut as many as 12,000 jobs in response to the coronavirus crisis. Stating that the passenger numbers will take years to recover due to the pandemic, its owner International Consolidated Airlines Group announced the news on Tuesday. IAG, which also owns Iberia, Aer Lingus, and Vueling,…
London-based multinational investment bank HSBC recently announced that it has put on hold the plan to cut 35,000 jobs. The bank said that the decision to put job cuts on a halt was because it does not want to leave staff unable to find work elsewhere during the ongoing coronavirus pandemic. Earlier in February, HSBC…
Giving a relief to students fearing an unemployment crisis due to coronavirus pandemic, NIT Warangal recently announced that its students have received plum job offers with 732 of them securing placements. According to a statement released by the institute, the students received a salary package as high as ₹43lk in the recently concluded placement drive.…
PNB Housing Finance, an Indian public limited housing finance company, announced that it has appointed Neeraj Vyas as its interim Managing Director and CEO. Neeraj Vyas will replace Sanjaya Gupta who is set to retire on May 4. Vyas will be in the new role for a period of eight months, effective from April 28,…
Employees’ Provident Fund Organization (EPFO) announced that it has settled a total of 12.91 lakh claims, including 7.40 lakh COVID-19 claims under Pradhan Mantri Garib Kalyan Yojana (PMGKY) package. This also involves a disbursal of Rs 4684.52 crores which includes Rs 2367.65 crores COVID-19 claims under PMGKY package. “It is heartening to note that the…
After three Mumbai Police personnel above 50 years of age died due to contracting the SARS-CoV-2 virus, Mumbai Police has asked their personnel aged 55 years and above to go on leave. The SARS-CoV-2 virus is responsible for causing the COVID-19 disease. So far the virus has infected about 107 police personnel, including 20 officers…
IIT Mandi Catalyst, a Technology Business Incubator, announced that it has selected nine startups to disburse Rs two crore under the NIDHI Seed Support System programme of the Department of Science and Technology (DST). Selected startups will be needed to spend at least three months in residency at the IIT Mandi to showcase their ideas…
Shiv Nadar University, India’s multidisciplinary and research-based university, announced a potential breakthrough solution in the global battle against COVID-19. “A team of researchers led by Dr Subhabrata Sen from the Department of Chemistry, Shiv Nadar University, India along with his collaborator Professor Ralf Jockers, Institut Cochin (INSERM, CNRS, Université de Paris, France), has discovered a…
As the need to step up relief efforts during the COVID-19 pandemic continues, Coca-Cola India has committed an initial support of Rs 100 crores towards helping the healthcare system and communities to combat the crisis and contain the spread of the pandemic. “The relief programs initiated by Coca-Cola in India aims at benefitting and positively…
Retail giant Walmart’s tech arm Walmart Labs is reportedly planning to hire about 2,800 employees in India this year. According to a report by the Times Of India, the company will hire around 800 employees for operations in Chennai and another 2000 employees will be hired for joining the Bengaluru center. In Chennai, where it…
SaaS solution provider Clearwater Analytics recently announced that it has appointed Warren Barkley as Chief Technology Officer to oversee all technical aspects of the company. In his previous endeavors, Warren has held influential roles at Amazon, Microsoft, and SMART Technologies, and has been instrumental in the technological trajectories of those organizations and their offerings. “I…
In an attempt to strengthen its 4G network and build a strong and enhanced 5G network in the country, telecom operator Airtel recently announced that it has signed a $1bn multi-year deal with Nokia. As part of the transaction, Nokia will deploy its 5G-ready solutions for Airtel across nine circles in the country. Nokia is…
Alibaba Cloud, the data intelligence backbone of Alibaba Group, announced that it has the third biggest market share in the global Infrastructure as a Service (IaaS) market and the biggest in the Asia Pacific region for the third year in a row in 2019, said the leading global research and advisory firm Gartner in its…
Days after the Central government announced its decision to freeze the implementation of revised rates of Dearness Allowance (DA) of central government employees and Dearness Relief (DR) to pensioners for the installments due between 1st Jan 2020 and 1st July 2021, state governments have also started to follow the suit. Citing the severe fiscal crisis…