Vodafone Idea Ltd has got a big breather, with the Cabinet on Wednesday clearing a proposal for giving telcos a moratorium on their adjusted gross revenue (AGR) dues as well as spectrum payments prospectively for the next four years. According to analysts, the move translates into a relief in the company’s cash outflow by over Rs 65,000 crore.

However, with VIL losing market share month-on-month, will it be able to use the improved cash flows to upgrade its network (from 2G to 4G) and get back on track? To be sure, it has got much more than what it had asked from the government— another two-year moratorium only on spectrum payments.

Leading security solutions provider Mitsogo Inc has planned to recruit 250 new people, as it expanded its footprint by setting up a new office in the city, the company said on Wednesday.

The company currently has an office in Cochin, Kerala and employs over 250 people in that facility, a press release said here.

Shares of Indus Tower rallied 15 per cent to Rs 279.35 on the BSE in intra-day trade on Thursday after the Union Cabinet on Wednesday approved a relief package for the telecom sector (telcos) that includes a four-year moratorium on payment of statutory dues by telecom companies as well as allowing 100 per cent foreign direct investment through the automatic route. The stock is trading close to its 52-week high of Rs 282 touched on 24 February, 2021.

Shares of ITC hit a seven-month high of Rs 233.30, on rallying 8 per cent on the BSE in intra-day trade on Thursday on expectation of an improvement in its business. The stock is trading at its highest level since February 2021. It had touched a 52-week high of Rs 239.15 on February 9, 2021.

The counter has seen a significant trading activity, with over five-fold jump in trading volume on the BSE on Thursday.

More than 76.11 crore COVID-19 vaccine doses have been provided to states and UTs so far, the Union Health Ministry said on Thursday.

Further, more than 1.65 crore doses are in the pipeline.

While the overall crime rate in the national capital dipped by 16 per cent in 2020 as compared to 2019, Delhi has reported the highest number of crimes against women among all the metropolitan cities of the country.

According to the data released by the National Crime Records Bureau (NCRB), the number of cases registered under the Indian Penal Code (IPC) in Delhi saw a sharp dip by 18 per cent between 2019 and 2020.

The Yogi Adityanath government has issued an order withdrawing 868 cases of stubble burning registered against farmers in Uttar Pradesh.

The order comes two weeks after Chief Minister Yogi Adityanath had announced that the government will withdraw cases of stubble burning pending against farmers.

A top disease control expert in the country has stated that the COVID-19 pandemic is on the verge of turning endemic in India, pointing out that a third wave of infections won’t come alone only because of a new variant.

In an interview to a leading TV news channel, Sujeet Singh, Director of the National Centre for Disease Control (NCDC), said, This pandemic has defied most of our predictions but in the next six months, we will approach endemic status.

India is considering resuming exports of Covid-19 vaccines soon, mainly to Africa, as it has partly immunised a majority of its adults and supplies have surged, a source with knowledge of the matter told Reuters.

India, the world's biggest maker of vaccines overall, stopped vaccine exports in April to focus on inoculating its own population as infections exploded. The government wants to vaccinate all of its 944 million adults by December and has so far given at least one dose to 61% of them.

The Drugs Controller General of India (DCGI) has granted permission for the conducting of the Phase III bridging trials of Sputnik Light on the Indian population. The Sputnik Light is a single-dose Covid-19 vaccine of the Russian vaccine Sputnik.

The nod comes after a recent study published in the medical journal The Lancet said that Sputnik Light showed 78.6 to 83.7 per cent efficacy against Covid-19, significantly higher than most two-shot vaccines.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.