AstraZeneca, in collaboration with the University of Oxford, has acknowledged that its COVID-19 vaccine carries the risk of causing a rare side effect known as Thrombosis with Thrombocytopenia Syndrome (TTS), according to a report by The Telegraph. The pharmaceutical company is facing a lawsuit alleging that its vaccine has led to fatalities and serious injuries among recipients.
Srini Pallia, Wipro's newly-appointed CEO, is set to receive an annual compensation package ranging from $4.5 million to $7 million, as disclosed in the shareholders' notice posted on the BSE on Monday. Pallia, a 32-year veteran of the company, assumed the role of CEO and MD on April 7 for a five-year term. He succeeds Thierry Delaporte, who departed before his tenure was scheduled to conclude in 2025.
The escalating geopolitical tension may have implications for the country's exports in the first quarter of 2024-25 as it is likely to impact global demand, apex exporters body Fieo said. The global uncertainties caused by the continuing war between Russia and Ukraine have impacted India’s outbound shipments in 2023-24, which recorded a decline of 3.1% to $437 billion. Imports too dipped by over 8% to $677.2 billion.
The surge in SUVs has made Mahindra & Mahindra one of the biggest gainers in the Indian automotive industry. The company, which till a few years back was struggling to get its act together with previous-gen Scorpio as its only flagship, has staged a turnaround and emerged as the revenue leader in the SUV category, ahead of some of its formidable rivals such as Toyota, Hyundai, Tata Motors, Kia and Maruti Suzuki.
2024/04/30 03:18:02
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