Top business stories- Everything you need to know on: May 4 2021

24,965,463
India total cases
Updated on May 17, 2021 3:14 pm
274,411
India deaths
Updated on May 17, 2021 3:14 pm
21,174,076
India total recovered
Updated on May 17, 2021 3:14 pm
3,516,976
India total active cases
Updated on May 17, 2021 3:14 pm

India Covid 19 Stats:

24,965,463
Total cases
Updated on May 17, 2021 3:14 pm
21,174,076
Recovered
Updated on May 17, 2021 3:14 pm
3,516,976
Active
Updated on May 17, 2021 3:14 pm
274,411
Total deaths
Updated on May 17, 2021 3:14 pm

Billionaire businessman Vinod Khosla pledges $10 mn for oxygen supply in India. Plus other top 48 business stories you need to know on May 4.

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Top business# 1 #Covid19 | 24 dead in Karnataka hospital due to oxygen shortage: Report:

Meanwhile, Karnataka Congress president DK Shivkumar has slammed the state government over the incident of Chamarajanagar district hospital and said criminal negligence has led to these 24 deaths in state. © livemint. May 3 2021 Reported Here.


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Top business# 2 Priyanka Chopra and Nick Jonas raise Rs 5.52 crore so far for fundraiser to help India fight COVID-19: #COVID19 #CovidIndia @priyankachopra @nickjonas:

There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine. © moneycontrolcom. May 3 2021 Reported Here.


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Top business# 3 Billionaire businessman Vinod Khosla pledges $10 mn for oxygen supply in India:

On Sunday, a record 3,689 daily COVID-19 fatalities pushed India’s death toll to 2,15,542, while the infection count reached 1,95,57,457 with 3,92,488 more people testing positive for the contagion, according to the Union Health Ministry. © livemint. May 3 2021 Reported Here.


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Top business# 4 World has added more Covid cases in last 2 weeks than in first 6 months of pandemic: WHO:

Tedros was elected as the head of WHO in 2017, becoming the first African to ever take the helm of the UN health agency. © livemint. May 3 2021 Reported Here.


Top business# 5 Pfizer to donate medicines to india so every public hospital has access to them in the next 90 days free of charge:

You can see a list of supported browsers in our Help Center. © CNBCTV18Live. May 3 2021 Reported Here.


Top business# 6 Nutritionist #LukeCoutinho has donated Rs 1 Cr to @Paytm, for procurement of oxygen concentrators. @farooqui_maryam reports.

#Corona #COVID19 #COVIDIndia:

There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine. © moneycontrolcom. May 3 2021 Reported Here.


Top business# 7 BJP to hold a nationwide ‘dharna’ on May 5 to protest against the violence unleashed by TMC workers in West Bengal.

#WestBengal #BJP #TMC:

BJP national president JP Nadda would be visiting Bengal on May 4-5, in view of the wide spread post results retributive violence unleashed on BJP workers and supporters by criminal elements in the TMC cadre, the party further tweeted. © moneycontrolcom. May 3 2021 Reported Here.


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Top business# 8 Supreme Court directs Modi government to revisit vaccine policy.

Read::

Vaccines are a “valuable public good” and discrimination cannot be made between citizens depending on a state’s ability to provide free vaccination, the court said. © BloombergQuint. May 3 2021 Reported Here.


Top business# 9 ‘Vaccine shortage may continue till July,’ says Serum CEO Adar Poonawalla:

We have just done this right now to address the ridiculous shortage that the nation, and obviously now the world even, has, said Poonawalla. © BT_India. May 3 2021 Reported Here.


Top business# 10 .@PriyankaChopra and @NickJonas managed to raise nearly Rs 5.52 crore for COVID-19 relief in India through the fundraiser they set up with @GiveIndia.

#COVIDRelief #COVID19 #COVIDIndia:

There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine. © moneycontrolcom. May 3 2021 Reported Here.


Top business# 11 Serum Institute’s @adarpoonawalla releases a clarification amidst multiple reports. #COVID #vaccine:

You can see a list of supported browsers in our Help Center. © CNBCTV18Live. May 3 2021 Reported Here.


Top business# 12 Bill Gates & Melinda Gates announce divorce:

You can see a list of supported browsers in our Help Center. © CNBCTV18Live. May 3 2021 Reported Here.


moneycontrol.com/
Image courtesy: Twitter. © @moneycontrolcom

Top business# 13 Remdesivir supply issues might ease by third week of May: Biocon’s Kiran Mazumdar-Shaw.

Read: @Bioconlimited @kiranshaw #Biocon #Remdesivir #COVIDIndia:

The demand had gone up due to low inventory levels and all of us are rushing to ramp up manufacturing. © moneycontrolcom. May 3 2021 Reported Here.


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Top business# 14 Study suggests single vaccine dose can boost protection in previously infected #Covid patients:

However, in people without previous SARS-CoV-2 infection, a single vaccine dose resulted in lower levels of neutralising antibodies against SARS-CoV-2 and the variants, potentially leaving them vulnerable to infection and highlighting the importance of the second vaccine dose. © livemint. May 3 2021 Reported Here.


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Top business# 15 #Covid19 | Madhya Pradesh CM @ChouhanShivraj declares journalist as frontline workers:

While speaking at a press conference, the Chief Minister said the state government had spoken to both the country’s COVID-19 vaccine manufacturers – Serum Institue of India and Bharat Biotech, and were informed that they would not be able to provide doses of the vaccine. © livemint. May 3 2021 Reported Here.


Top business# 16 Mumbai reports the lowest single-day count of new COVID-19 cases since mid-March.

#Mumbai #COVID19 #COVIDIndia:

There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine. © moneycontrolcom. May 3 2021 Reported Here.


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Image courtesy: Twitter. © @livemint

Top business# 17 SBI allocates ₹70 crore to combat the second wave of #Covid19:

SBI Chairman Dinesh Khara said, We are trying our best to make a small contribution to society in the fight against the second wave. © livemint. May 3 2021 Reported Here.


bit.ly/
Image courtesy: Twitter. © @BloombergQuint

Top business# 18 Serum Institute says so far it has received orders for more than 26 crore doses from central government and 11 crore doses from states and private hospitals.

Read all #coronavirus updates::

The central government will supply 56 lakh vaccine doses to states in the next three days, said a May 2 press release by the Ministry of Health and Family Welfare. © BloombergQuint. May 3 2021 Reported Here.


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Top business# 19 Govt urges postponement of all offline exams to be held in May amid Covid surge:

The fatality count of the country went up in the same duration as 3,417 more people succumbed to the disease. © livemint. May 3 2021 Reported Here.


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Top business# 20 The BJP added to its state count and seat count in Sunday’s election results.

However, in the last three years, the number of states that it rules has dropped from 20 to 16, and its share of MLAs across India has fallen from 36% to 33%.:

It has also seen a sharp and consistent drawdown in its bastion, the North-East, which also corresponds to the BJP’s rise. © livemint. May 3 2021 Reported Here.


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Top business# 21 U.S. Secretary of State Antony Blinken said the country will defend the “rules-based” global order as he prepares for meetings in the U.K. and Ukraine, part of an effort to keep U.S. allies united against China.

Read::

(Bloomberg) — Secretary of State Antony Blinken said the U.S. will defend the “rules-based” global order as he prepares for meetings in the U.K. and Ukraine, part of an effort to keep U.S. allies united against China and show support for a crucial ally in the face of Russian aggression. © BloombergQuint. May 3 2021 Reported Here.


Top business# 22 Daily COVID-19 cases in Maharashtra drop below 50,000 for the first time in the last 30 days.

#COVID19 #COVIDupdates #Maharashtra:

There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine. © moneycontrolcom. May 3 2021 Reported Here.


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Top business# 23 PM @narendramodi takes key decisions to boost availability of medical personnel amid #Covid19: 10 things to know:

2)It was also decided to allow deployment of Medical Interns in Covid Management duties under the supervision of their faculty, as part of the Internship rotation. © livemint. May 3 2021 Reported Here.


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Top business# 24 Indian Air Force airlifts cryogenic oxygen containers from Germany, UK amid acute #Covid19 crisis:

Amid the prevailing coronavirus crisis in the country, the India Air Force (IAF)’s C-17 aircraft has airlifted four cryogenic oxygen containers from Frankfurt in Germany to Hindon airbase near the national capital, bringing much-needed relief. © livemint. May 3 2021 Reported Here.


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Top business# 25 Yes Bank explores bid for Citi’s retail assets in India | Didi derails BJP’s Bengal dreams | Despite new gains, BJP juggernaut is stuttering | How amending IPRs for vaccines could help India

Read the latest business news on Mint e-paper::

The Page List View © livemint. May 3 2021 Reported Here.


Top business# 26 #COVID19crisis: UK to send 1,000 more ventilators ahead of PM Modi, Boris Johnson virtual meeting:

I am deeply moved by the surge of support the British people have provided to the people of India and am pleased the UK government has been able to play our part in providing life-saving assistance. © BT_India. May 3 2021 Reported Here.


Top business# 27 Vaccine Darwinism | A look at how COVID-19 is exposing global vaccine inequality: #COVID19 #Vaccine #Vaccination:

Positional and Intraday Trading Calls basis Noiseless Chart © moneycontrolcom. May 3 2021 Reported Here.


Top business# 28 The Modi government hasn’t placed an order larger than 110 million doses from the biggest local maker since sales started in December, enough for just 4% of its population of 1.4 billion people.:

(Bloomberg) — The Narendra Modi-led federal government hasn’t placed an order larger than 110 million doses from the biggest local maker since sales started in December, according to a person familiar with the matter — enough for just 4% of its population of 1.4 billion people. © BloombergQuint. May 3 2021 Reported Here.


Top business# 29 Swiggy has set up a pandemic support mechanism, and an emergency support team to assist employees during this crisis:

Hence, if any of you would like to volunteer and actively help on the break day, you’re welcome, Girish Menon, head of Human Resources at Swiggy said in an internal e-mail to employees on 1 May 2021. © livemint. May 3 2021 Reported Here.


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Top business# 30 Kotak Mahindra Bank’s net profit rises 33%, year-on-year. #Q4WithBQ

Read all market updates::

Thirteen of the 19 sector sub-indices compiled by BSE Ltd. © BloombergQuint. May 3 2021 Reported Here.


Top business# 31 #IPL21onMC: @DelhiCapitals beat @PunjabKingsIPL by seven wickets with 14 balls remaining. #MayankAgarwal received the ‘Player of the Match’ award for his unbeaten 99. In Pics 📸 #IPL21 #IPL2021 #Sports:

Positional and Intraday Trading Calls basis Noiseless Chart © moneycontrolcom. May 3 2021 Reported Here.


Top business# 32 Dr Randeep Guleria said that CT Scan in mild cases has side effects and can end up doing more harm than good #COVID19:

Guleria further said that several blood tests for biomarkers are also not needed in mild illness or in home isolation if the oxygen saturation is fine, fever is not high and there are no other symptoms. © CNBCTV18News. May 3 2021 Reported Here.


businesstoday.in/
Image courtesy: Twitter. © @BT_India

Top business# 33 #BTInfographic | At 8%, #unemployment rate in April 2021 is the highest, since December 2020

#Jobs #economy #employment #unemploymentrate:

Joblessness has risen to 8% in April 2021 amid the second wave of pandemic from 6.5% in March 2021 © BT_India. May 3 2021 Reported Here.


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Top business# 34 The much-awaited election results for four key states are out.

An interesting finding emerges from social media spending records: in each state, the winner turns out to be the side that spent the most on Facebook ads in the weeks leading up to the polls.:

Log in to our website to save your bookmarks. © livemint. May 3 2021 Reported Here.


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Top business# 35 Franklin Templeton beneficiaries to receive Rs 2,489 cr in next tranche this week:

SBI Funds Management (SBI MF) will distribute the next tranche of Rs 2,489 crore to unitholders of Franklin Templeton Mutual Fund’s six shuttered schemes in this week from Monday. © BT_India. May 3 2021 Reported Here.


Top business# 36 .@Capgemini announces Rs 50 crore fund to build long-term medical infra and provide relief operations amid the second wave of the pandemic.

#COVIDSecondWave #COVID19 #COVIDIndia:

IT major Capgemini on Monday announced a Rs 50 crore fund to build COVID care ICU facilities, oxygen generation plants, other long-term medical infrastructure and provide relief operations amid the deadly second wave of the pandemic. © moneycontrolcom. May 3 2021 Reported Here.


Top business# 37 #NewsAlert: @pfizer donates USD 70 mn worth COVID-19 treatment drugs to India. Full details 👇

#Corona @pfizer #CoronaSecondWave:

In February, the company had withdrawn an application for emergency-use authorisation (EUA) of its COVID-19 vaccine in India, after failing to meet the drug regulator’s demand for a local safety and immunogenicity study. © moneycontrolcom. May 3 2021 Reported Here.


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Top business# 38 R Balakrishna Pillai, former minister and Kerala Congress (B) chairman, passes away at 86:

The Supreme Court had in February 2011 sentenced Pillai and two others to one year imprisonment for allegedly abusing their positions in the award of a contract for the Idamalayar hydroelectric power project during his tenure as power minister from 1982-1985 in the K Karunakaran ministry. © livemint. May 3 2021 Reported Here.


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Top business# 39 #COVIDUpdates: 125,000 vials of antiviral drug Remdesivir arrive from the US, says its embassy. For LIVE updates, track 👇

#Corona #COVIDSecondWaveInIndia |:

Central Govt writes to states on the issue of augmenting human resources for COVID – 19The letter reads, State/UT Governments are to make all efforts to reach out to each PG-NEET candidate and persuade them to join the Covid –19 workforce in this hour of need. pic.twitter.com/ymURdFejOj © moneycontrolcom. May 3 2021 Reported Here.


Top business# 40 Moderna and Pfizer are also testing their COVID-19 vaccines in younger age groups:

The company said the trial, to be conducted across up to 75 sites in the United States, will test two doses of its vaccine candidate given 21-days apart. © livemint. May 3 2021 Reported Here.


Top business# 41 Medical personnel who complete minimum 100 days of COVID duty to be given the Prime Minister’s Distinguished Covid National Service Samman

#COVIDIndia #COVID19 #CoronaWarriors:

There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine. © moneycontrolcom. May 3 2021 Reported Here.


bit.ly/
Image courtesy: Twitter. © @BloombergQuint

Top business# 42 Supreme Court asks – What studies did the central government rely on to claim that decentralised procurement would incentivise competition and lower vaccine prices?

Read::

Vaccines are a “valuable public good” and discrimination cannot be made between citizens depending on a state’s ability to provide free vaccination, the court said. © BloombergQuint. May 3 2021 Reported Here.


Top business# 43 Tata Chemicals FY21 net profit falls 58% to Rs 436 crore:

For January-March quarter, the Tata Group company’s net profit declined 85 per cent to Rs 29 crore from Rs 198 crore in the corresponding quarter of previous year. © BT_India. May 3 2021 Reported Here.


Top business# 44 Buffett, 90, told media that company directors are in agreement about who would take over if anything were to happen to him:

Abel has long been seen as the most likely candidate to replace Buffett, given his age and his wide remit overseeing all the non-insurance businesses at the conglomerate. © livemint. May 3 2021 Reported Here.


Top business# 45 #Opinion | The BJP has done poorly against regional parties but the worst showing this election season was the Election Commission’s

(Gilles Verniers writes):

The LDF victory in Kerala is a vindication for a government that, contrary to most others, has displayed humanity and competence in its handling of the covid crisis. © livemint. May 3 2021 Reported Here.


Top business# 46 #MCPro: Ambuja Cements’ Q4 came ahead of market expectations. What cemented its market position further?

#AmbujaCements #AmbujaCementsQ4:

Stock & Index F&O Trading Calls & Market Analysis © moneycontrolcom. May 3 2021 Reported Here.


Top business# 47 #MCProOpinion: How did the Trinamool Congress, widely believed to be on the back foot, pull off such an amazing victory? Let’s analyze.

@AITCofficial #Congress #ElectionResultsWithMC:

Stock & Index F&O Trading Calls & Market Analysis © moneycontrolcom. May 3 2021 Reported Here.


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Image courtesy: Twitter. © @BloombergQuint

Top business# 48 Buffett says Greg Abel is his likely successor at Berkshire.

Read more::

Buffett has left a trail of crumbs pointing toward the answer, with such moves as the promotion of Abel and Ajit Jain to vice chairmen in 2018. © BloombergQuint. May 3 2021 Reported Here.


All articles/ opinions/ images are copyright content of the original media house/ author. Content is taken from what is shared on Twitter.You can read more of our “Everything you need know series” here.

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