As the country records less than one lakh cases for the second successive days, the daily positivity rate of India has declined to 4.66 per cent, informed to the Ministry of Health and Family Welfare (MoHFW) on Wednesday.

The weekly positivity rate is currently at 5.66 per cent while the daily positivity rate stands at 4.66 per cent today. It has remained less than 10 per cent for 16th consecutive days now, the health ministry said.

With an increase in the relaxation hours during the lockdown from Thursday onwards, the Telangana government has permitted some more economic activities in the state.

While petrol pumps located on national highways were already exempted from lockdown, fuel stations located in places other than national highways can now remain open between 6 a.m. and 5 p.m.

Glenmark Pharmaceuticals, a research-led, global integrated pharmaceutical company, today announced interim data of 503 patients from its Post Marketing Surveillance (PMS) study on Favipiravir in India.

The PMS study commenced in July 2020 aimed to evaluate safety and efficacy of Favipiravir in mild to moderate Covid-19 patients. This PMS is the first and large post marketing study being conducted in India on Favipiravir in mild to moderate Covid-19 patients and as on date, a total of 1083 patients have been enrolled in the prospective, open label, multicenter, single arm study.

Prices for 22-carat gold on Wednesday increased to Rs 47,680 for 10 gm from Rs 47,510 and silver was at Rs 71,700 per kg, according to the Good Returns website.

Gold jewellery price varies across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making changes.

Shares of Tata Motors hit an over three-year high of Rs 358.25, up 1.5 per cent, on the BSE in intra-day trade on Wednesday on the back of heavy volumes. The stock of the Tata Group commercial vehicles company was trading higher for the sixth straight day, having rallied 13 per cent during the same period. It surpassed its previous high of Rs 357 touched on March 3, 2021, and was trading at its highest level since April 2018.

Uber on Wednesday announced it is recruiting close to 250 engineers for its Bengaluru and Hyderabad-based teams, as the company continues to expand the scope of operations for its engineering and product work in the country.

The current round of hiring will strengthen the company'srider and driver growth, delivery, eats, digital payments, risk & compliance, marketplace, customer obsession, infrastructure, adtech, data, safety and finance technology teams, a Uber statement said.

India on Wednesday logged 92,596 new Covid infections in 24 hours, less than one lakh cases for the second straight day and 6,098 cases more than Tuesday, the Union Health and Family Welfare Ministry said.

On June 8, India recorded 86,498 cases, lowest since April 2 when the country logged 89,129 new cases.

As America dispatches Covid vaccines and medical supplies as aid to countries such as India, an influential Republican senator said the coronavirus came from China, while the best vaccines come from the United States.

President Joe Biden had announced that the US will allocate 75 per cent, nearly 1.9 crore of the first tranche of 2.5 crore doses, of unused COVID-19 vaccines from its stockpile through the UN-backed COVAX global vaccine sharing programme to several countries.

Pfizer on Tuesday (June 9) said it will begin testing its COVID-19 vaccine in a larger group of children under age 12 after selecting a lower dose of the shot in an earlier stage of the trial.

The study will enroll up to 4,500 children at more than 90 clinical sites in the United States, Finland, Poland and Spain, the company said.

Shares of Laurus Labs continued their upward journey in Tuesday's session to hit a new high of Rs 599, up 5 per cent on the BSE, in an otherwise subdued market. The stock was quoting higher for the eighth straight trading day. In comparison, the S&P BSE Sensex was down 0.17 per cent at 52,237 points at 10:10 am.

Laurus Labs is a leading research-driven pharmaceutical manufacturing company in India. The company has grown to become one of the leading manufacturers of API (Active Pharmaceutical Ingredient) for anti-retroviral (ARV), oncology, cardiovascular, antidiabetics, anti-asthma, and gastroenterology.

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