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Telangana coronavirus update: 1,879 new cases push tally to over 27,000
Posted on 8th July 2020
The spike in the number of Covid-19 cases continued in Telangana with 1,879 new infections on Tuesday, pushing the states tally to over 27,000.

For the fourth time in five days, the state reported over 1,800 cases. With this, the total number of infections rose to 27,612.

According to the director of public health, seven fatalities on Tuesday increased the state's death toll to 313.

Hotspot Greater Hyderabad continued to be the worst affected region, accounting for 1,422 of the cases reported on Tuesday, while Rangareddy and Medchal districts bordering Hyderabad saw 176 and 94 new cases, respectively.

Karimnagar and Nalgonda districts saw a jump in the cases with 32 and 32 infections, respectively. Officials said cases were reported from 27 out of the 33 districts in state.

For a second consecutive day, over 6,000 tests were conducted in the state. A total of 6,220 people were tested, taking the cumulative number to 1,28,438.

As many as 1,506 people recovered during the day, taking the total number of recoveries to 16,287. The number of active cases now stands at 11,012.

According to the media bulletin, the government hospitals as on Tuesday established a capacity of 17,081 Covid beds, of which 11,928 are isolation beds, 3,537 are oxygen beds, 1,145 are ICU beds and 471 are ventilator beds. The bed occupancy is only 7.8 per cent (1,335). A total of 15,746 (92.2 per cent) beds are vacant.

The Gandhi Hospital, Secunderabad, is identified as the Centre of Excellence for COVID Care, where serious cases are admitted. The other major hospitals in Hyderabad where suspects and moderately symptomatic cases are admitted are District Hospital King Koti, Government Chest Hospital, and Sir Ronald Ross Institute of Tropical Medicine (Fever hospital).

The asymptomatic and mildly symptomatic patients requesting for institutional quarantine are admitted to the Nature Cure Hospital, Govt Nizamia Hospital, Govt Ayurveda Hospital and Govt Homeopathy Hospital.

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ICICI Bank shares gain 3% after setting floor price for QIP issue
Posted on 11th August 2020
Shares of ICICI Bank gained as much as 3 per cent to Rs 374.15 on the BSE on Tuesday after the private lender launched its qualified institutional placement (QIP), setting the floor price at Rs 351.36 per share.

The bank plans to raise up to Rs 15,000 crore to support business growth and create a buffer to absorb any shock from the economic disruption caused by the coronavirus pandemic.

Axis Bank raises Rs 10,000 cr via allotment of equity shares to QIBs
Posted on 11th August 2020
Private sector lender Axis Bank on Tuesday said it has raised Rs 10,000 crore through allotment of equity shares to qualified institutional buyers (QIB).

Last week, Axis Bank had set a floor price of Rs 442.19 per equity share for its proposed Rs 15,000-crore qualified institutional placement (QIP).

JSW Steel production rises 9% in July at 1.2 million tonnes
Posted on 11th August 2020
JSW Steel, the flagship business of 12 billion dollar JSW Group, on Tuesday reported crude steel production of 12.46 lakh tonnes in July, up 9 per cent from 11.44 lakh tonnes in the previous month.

In July last year, however, it had recorded crude steel production of 13.17 lakh tonnes, it said in a statement. The average capacity utilisation was 83 per cent as against 76 per cent in June.

Hyundai Creta's sales milestone, crosses 500,000 mark in domestic market
Posted on 11th August 2020
Hyundai Creta's sales number has touched 5,00,000-mark in the domestic market, the company announced on Tuesday.

Hyundai Creta has been the blockbuster model in the Indian Automobile industry ever since its launch in 2015. Redefining the SUV landscape in India, Creta’s supremacy transpires from Hyundai’s technological prowess and innovation, outperforming the industry benchmarks in all aspects, said Tarun Garg, Director (Sales, Marketing & Service), Hyundai Motor India Ltd.

Dr Reddy's Laboratories launches drug to treat infections in US market
Posted on 11th August 2020
Dr Reddys Laboratories Ltd on Tuesday announced the launch of a generic version of Ciprodex (ciprofloxacin 0.3% and dexamethasone 0.1%) Otic Suspension in the American market, following approval from the US Food and Drug Administration (USFDA).

Ciprodexis used in adults and children 6 months of age or older to treat certain types of infections caused by certain germs called bacteria.

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