VARINDIA IT MAGAZINE

Serum waits for India’s green signal for COVID-19 vaccine use:  Serum Institute of India , which is also manufacturing the   Oxford-AstraZeneca coronavirus vaccine in India , said that it expected the government to approve the shot for emergency use in a few days.   The company has already made 40 million to 50 million doses of the vaccine and will be able to ramp up capacity to around 100 million a month by March when a new facility comes online.   "We have 40-50 million doses of Covishield stockpiled. Once we get regulatory approvals in a few days, it'll be down to the government to decide how much they can take and how fast,"  Serum Chief Executive Adar Poonawalla  said.   "All data on Oxford-AstraZeneca COVID19 vaccine submitted in India and UK. There are no concerns, regulators are closely reviewing documents and data," informed Serum CEO. Poonawalla also told the reporters that India is a part of 'COVAX' and hence, the company will keep giving 50...

Individual users not to get penalty or punishment for using banned mobile apps:  On 24 September, 2020 118 more apps were banned (including PubG)   under section 69A of the Information Technology Act . Last month, the Ministry blocked 43 more apps citing security concerns. But there is no penalty prescribed for individual users of mobile apps such as TikTok, PUBG, CamScanner, UC Browser etc which were blocked by the   Ministry of Electronics and Information Technology   citing security concerns. However, there is a penalty prescribed for intermediaries under Section 69A of the Information Technology Act who fail to comply with blocking orders.   This was told by the Ministry in reply to an RTI application made by a law student named Prasoon Shekhar. The Ministry said in its reply, “MeitY does not ban any App. However, blocking of specified Apps was done under the provisions of Section 69A of the Information Technology Act, 2000 and its Rules namely Information T...

Fundraising jumps 116% to Rs 1.78 lakh cr in 2020 via equity issues :  According to a report, the devastating pandemic failed to dampen the primary and secondary capital market issues with the year closing with the highest ever fund raising from the equity markets, that grew at 116 per cent to Rs 1.78 lakh crore in IPOs, OFS and other market issuances. This was 116 per cent higher than Rs 82,241 crore was raised in 2019, according to   Pranav Haldea, managing director at Prime Database.   The previous highest amount raised in a calendar year was Rs 1, 60,032 crore in 2017. Strong retail participation in IPOs, huge listing gains and highest-ever amount raised through QIPs and InvITs/REITs were the key highlights of the year, he said. While IPOs fetched Rs 26,770 crore, which was 40 per cent higher than collected in 2019, FPOs netted Rs 15,024 crore, followed by OFS (offer for sale) at Rs 21,458 crore and REITs/InvITs/QIPs at Rs 84,501 crore, shows the report. Of the last c...

Ratan Tata's social media pages get flooded with good wishes on his birthday:  Philanthropist cum industrialist Ratan Tata , one of India’s most loved and successful businessmen has turned 83 today. His social media pages got flooded with good wishes for the ‘Golden Heart Man’, from fans to politicians and biggies to netizens all sent him their good wishes.   Born in 1937 in Surat, Gujarat, Tata started his career with Tata Group in 1962 at the age of 25 and later went to Harvard Business School to complete his studies. In 1991, he became the fifth chairman of Tata Group after JRD Tata and took the company to new heights during his tenure. The chairman emeritus of Tata Sons served as the chairman of the company for over two decades and retired in 2012.   Tata was awarded for his community work and business, with the Padma Bhushan in 2000 and the Padma Vibhushan in 2008. Much of Tata group’s earnings go towards charities. In April 2020, he announced a massive Rs 500 crore ...