The NTAGI's Standing Technical Sub-Committee (STSC) approved the use of COVID-19 vaccines Corbevax and Covaxin for children aged between five and 12 years, official sources said on Friday.

However, there was no decision on introducing these vaccines in the vaccination programme.

Maharashtra Chief Minister Eknath Shinde and his deputy Devendra Fadnavis are scheduled to meet Prime Minister Narendra Modi and BJP President J P Nadda on Saturday as the new-found allies move towards constituting their council of ministers.

Shinde and Fadnavis, who assumed office on June 30, a day after the then Chief Minister Uddhav Thackeray quit in the face of a massive rebellion, are also expected to make courtesy calls on President Ram Nath Kovind and Vice President M Venkaiah Naidu.

The Adani group is believed to be one of the four companies that on Friday showed interest in the government’s upcoming telecom spectrum auction. The move would expand the conglomerate’s presence to a sector dominated by established players like Reliance Jio, which is part of Mukesh Ambani-led Reliance group, Sunil Mittal-controlled Bharti Airtel, and Vodafone Idea Ltd.

The telecom department’s upcoming auction includes the coveted 5G band needed for high-speed internet connectivity.

Pharmaceutical businesses that have a strong track record of quality compliance and can remain agile towards new regulatory requirements, will emerge stronger as the impact of the pandemic decreases, according to Piramal Enterprises Ltd Chairman Ajay G Piramal.

Addressing shareholders in the company's annual report for 2021-22, Piramal said the company's pharma vertical is expected to have nearly 15 per cent CAGR revenue growth across businesses in the medium to long-term.

SpiceJet has retrieved its system and data following the ransomware attack last month, the aviation company has said. The company's fourth quarter result has not been declared as yet as auditors are re-authenticating financial numbers, it added.

"Our financial results have been delayed due to reasons beyond the company’s control as a result of the ransomware attack that affected our IT systems, which includes certain data as well,” SpiceJet said in a statement.

City Union Bank and Shriram General Insurance signed a corporate agency agreement on Friday, for the distribution of the latter's products through the bank’s network of 727 branches across the country.

Under the agreement, Shriram General Insurance will offer personal insurance products such as motor, personal accident, home and travel along with commercial ones such as property, marine and engineering to the bank’s customers.

The Enforcement Directorate’s (ED’s) money-laundering probe into mobile phone maker Vivo India has revealed the company, to avoid paying taxes in India, remitted about Rs 62,476 crore of its turnover to China between 2017 and 2021.

According to the agency, 18 companies that were allegedly incorporated fraudulently helped the smartphone maker to transfer 50 per cent of the turnover outside India, mainly China. The sale proceeds during the period stood at Rs 1.25 trillion.

State-owned Power Finance Corporation (PFC) on Thursday inked a loan pact for JPY 30 billion with Japan Bank for International Cooperation (JBIC).

"PFC has signed a loan agreement for JPY 30 Billion with Japan Bank for International Cooperation (JBIC) on 7th July, 2022," the company said in a statement.

The Ministry of Defence has allowed HDFC Bank, Axis Bank, and ICICI Bank to provide financial services in overseas procurement done by the department, a first after the Centre opened up allocation of government business for private banks.

These private banks will provide Letter of Credit (LC) and direct bank transfer business for overseas procurement by the defence ministry. These banks may be allocated with LC business of Rs 2,000 crore, each on the capital and revenue side, for one year on concurrent basis (Rs 666 crore for each bank under both capital, as well as revenue), the defence ministry said in a statement. Until now, only authorised public sector banks were allowed to provide these services to the defence ministry.

Billionaire investor Rakesh Juhunjhunwala-owned Akasa Air has been cleared for take-off. The no-frills airline received its air operator certificate (AOC) from the Directorate General of Civil Aviation (DGCA) on Thursday. The airline will start its operations from the end of July.

The grant of the AOC is the final step of a comprehensive process laid down by the DGCA. The airline inducted its first Boeing 737 Max aircraft on June 21.

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