Indian financial news

NEW DELHI (Reuters) - India on Sunday banned the export of anti-viral drug Remdesivir and its active pharmaceutical ingredients as demand rocketed due to a record surge in COVID-19 infections, leading to a crippling shortages in many parts. Authorities have blamed the ferocious resurgence of the virus mainly on crowding and a reluctance to wear masks. Still, religious gatherings have continued and Prime Minister Narendra Modi and Home Minister Amit Shah have themselves addressed election campaigns attended by tens of thousands of people, many without masks and hardly any following social distancing. As new COVID-19 cases surged to 152,879 on Sunday, the sixth record rise in seven days, harried relatives of patients made a kilometre-long queue to buy Remdesivir outside a big hospital in the western state of Gujarat, witnesses said. India, known as the pharmacy of the world, has already stalled major exports of coronavirus vaccines though its supply too has run short in some ... » Learn More about India bans Remdesivir exports as coronavirus rages on; rallies continue

PETALING JAYA: The Star Education Fund Scholarship 2021 is now open for applications. This year, 227 scholarships worth RM14.3mil from 27 institutions are being offered. Due to the Covid-19 pandemic, this is the first year applications will be done fully online, said fund manager Susanna Kuan. “We have prepared a guide to assist students through the application process and have included a list of supporting documents that they must submit with the e-application. “Students should read the e-Application Guide before applying so that they can prepare all the documents in JPEG or PDF formats, ” she said. All applications must be submitted online through The Star Education Fund website at thestar.com.my/edufund. Hard copies of the application forms will not be accepted. All scholarships will cover full tuition fees, Kuan said, except for the MBBS programme at Quest International University, Perak. Some of the courses include pre-university programmes such as A-Levels and ... » Learn More about Application for Star scholarship 2021 open

Indian-owned Jaguar Land Rover is rushing through deliveries of small car parts to Britain from China, where supply chains are hit by the deadly coronavirus, the Financial Times said Wednesday. "We have flown parts in suitcases from China to the UK," said JLR chief executive Ralf Speth, quoted by the FT and other British media. Speth said Jaguar Land Rover's British plants were "safe for this week" and next, but that there was "a risk for overall production" thereafter, owing to further parts being delayed. Britain's biggest carmaker JLR, which is owned by Indian group Tata Motors, ordinarily transports the components by sea, which takes longer but is cheaper compared with transportation by air, the business daily added. Foreign firms from various sectors are facing disrupted supply chains in China because of the deadly virus. The death toll from the epidemic jumped past 2,000 on Wednesday after 136 more people died, with the number of new cases falling for a second ... » Learn More about Virus-hit Jaguar rushes car parts to UK in suitcases: Reports

China has administered 164.47 million doses of COVID-19 vaccines as of Saturday, the National Health Commission said on Sunday. This represents around 24.5 million doses in the past six days, as the country's vaccine rollout continues to accelerate. Last week a Chinese official said the country is expected to produce around 3 billion doses of COVID-19 vaccines by the end of the year. Chinese health authorities on Sunday reported 10 new confirmed cases of COVID-19 and 22 asymptomatic cases, bringing the country's total to 90,410, while the death toll remained unchanged at 4,636. The National Health Commission, in a statement, said all the new cases were imported infections originating from overseas. The number of new asymptomatic cases, which China does not classify as confirmed cases, rose to 22 from 11 cases a day earlier. The total number of confirmed COVID-19 cases in Mainland China now stands at 90,410, while the death toll remained unchanged at 4,636. Meanwhile, in ... » Learn More about China administers 164.47 million COVID-19 vaccinations as of April 10

KATHMANDU: Nepal's population of endangered one-horned rhinoceros has grown by more than a hundred over the past six years, officials said, with campaigners hailing the increase as a conservation "milestone". The population rose to 752 across four national parks in the southern plains, up from 645 in 2015, the Department of National Parks and Wildlife Conservation said on Saturday (Apr 10). "The increase of rhinos is exciting news for us," the department's information officer, Haribhadra Acharya, told AFP on Sunday. "But we have challenges ahead to expand the habitat areas of this animal to maintain the growth." Thousands of one-horned rhinos once roamed the southern plains, but rampant poaching and human encroachment on their habitat reduced their numbers to around 100 in Nepal in the 1960s. Since 1994, the Himalayan nation has conducted a rhino census once every five years, as authorities stepped up their efforts to boost population numbers for the species listed as ... » Learn More about Rhino population in Nepal grows in conservation boost