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WTO DG welcomes breakthrough on COVID-19 vaccine waiver

New Delhi, Mar 16 (PTI) World Trade Organization Director-General Ngozi Okonjo-Iweala on Wednesday welcomed the breakthrough among four member countries - India, South Africa, EU and the US - on a waiver of the trade-related intellectual property (TRIP) agreement for the production of Covid-19 vaccines. She said that this is a major step forward and [...]

Amazon seeks SC order for resumption of arbitration & preservation of FRL assets

New Delhi, Mar 16 (PTI) US e-commerce major Amazon Wednesday apprehended the “disappearance” of assets and sought an interim order from the Supreme Court to ensure the preservation of assets of Future Retail Ltd besides resumption of arbitration over FRL’s merger deal with Reliance Retail. A bench comprising Chief Justice N V Ramana and Justices [...]

Israel firm Coralogix to invest USD 10 mn in Delhi cybersecurity unit Snowbit

Mumbai, Mar 16 (PTI) Israel-based technology start-up Coralogix is launching a cybersecurity unit Snowbit in Delhi-NCR and will invest USD 10 million in the first phase of operations. Snowbit, which is a SaaS-based cybersecurity unit that enables cloud-native companies across domains to comprehensively monitor and address cybersecurity risks, has already hired 15 persons and will [...]

Bharat Biotech enters into partnership with Biofabri for TB vaccine

New Delhi, Mar 16 (PTI) Bharat Biotech on Wednesday said it has entered into a partnership with Biofabri, a Spanish biopharmaceutical firm, for the development, manufacturing and marketing of a new tuberculosis vaccine. This partnership will guarantee the supply of tuberculosis (TB) vaccines in more than 70 countries, especially in Southeast Asia and sub-Saharan Africa, [...]

Arunachal govt has terminated agreements with 44 private power developers: Dy CM

Itanagar, Mar 16 (PTI) The Arunachal Pradesh government has terminated 44 agreements with private power developers as they were "not inclined to execute" projects, Deputy Chief Minister Chowna Mein informed the assembly on Wednesday. During a zero-hour discussion initiated by NPP member Tarn Dakpe, Mein said the terminated projects were offered to central public sector [...]

BBB recommends Alok Choudhary for SBI Managing Director post

New Delhi, Mar 16 (PTI) The Banks Board Bureau (BBB) on Wednesday recommended the name of Alok Kumar Choudhary for the post of managing director of State Bank of India. The headhunter for directors of state-owned banks and financial institution also recommended A Manimekhalai, Ajay Kumar Srivastava and Swaroop Kumar Saha for MD position of Union [...]