AstraZeneca-Oxford Covid Vaccine Cleared By UK, Fights Mutant Virus

The UK Government has approved the new COVID-19 vaccine developed by AstraZeneca and Oxford University as it is proved to fight the new mutated version of the virus found in UK. The vaccine has been approved for emergency supply and the UK Government has already ordered 100 million doses of the vaccine.

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Jindal Stainless Hisar to merge into parent company Jindal Stainless

Jindal Stainless Hisar(NSE:JSHL) has merged with its group company (NSE:JSL). The merged comoany will be listed on the National Stock Exchange as JSL Shareholders of JSHL will get 195 shares of JSL for every 100 shares held in JSL. The merged entity will fetch a revenue of close to Rs. 20,000 Crores.

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Jack Ma loses close to $11 Billion in 2 Months Due to Increased Scrutiny

The Chinese government has been scrutinizing Jack Ma’s companies for the past two months. It started with the stalling of Jack Ma-owned Ant Group’s Initial Public Offering. The Chinese regulators’ scrutiny has caused Jack Ma to lose $11 Billion in the past two-months.

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To Know More About The Ant Group IPO debacle, Click Here.

India extends Flight Ban From UK till 7th January, 2021

A new mutated strain of COVID-19 virus was found in United Kingdom. In order to curb the spread of the virus, India had banned flights coming in from the United Kingdom till 31st December, which has now been extended till 7th January. So far, 20 people who returned to India from Britain have tested positive for the new UK variant.

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JMC Projects Bags Order Worth Rs.698 Crores

Kalpataru Group’s engineering arm JMC Projects has bagged an order worth Rs.698 Crores. JMC Projects is a subsidiary of Kalpataru Power Transmission Ltd. Its projects include highways, expressways, bridges, flyovers, townships, high-rise buildings, hospitals, industrial units, and power plants.

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Yes Bank Appoints New CFO, CHRO

Yes Bank has appointed new positions for the post of Chief Financial Officer and Chief Human Resource Officer. Anurag Adlakha who was currently the CFO would now be appointed as the CHRO. Niranjan Bodkar has been appointed as the new CFO. Niranjan has an experience of 17 years of experience in Banking, Risk Management, Capital Markets, Financial Planning, and Strategy.

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Gujarati Govt Introduces New Solar Power Policy

The Gujarat state government has announced a new solar energy policy to encourage its use among the small and medium scale solar projects on residential, commercial, and industrial premises. The state government has scrapped the condition that the installed capacity of a solar project needs to be 50% of the sanctioned load or contract demand. Now, an individual or industry can produce solar power in their premises as per their requirements and without any limit.

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14 More UK Returnees in India Found With New COVID Strand. Total Count Rises To 20

A total of 14 more returnees from the United Kingdom have been tested positive for the new strain of COVID-19. The total count in India for the patients who tested positive for the new strain is 20. The new strain is said to be far more infectious than the original strain and is spreading fast despite travel restrictions.

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Reliance And Bharat Petroleum invite bidders for gas from KG D6 basin

Krishna Godavari Dhirubhai 6 (KG-D6) was Reliance’s first offshore gas field discovered. RIL and Bharat Petroleum who have the rights for the offshore gas field are now looking to sell it off.

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