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COVID-19 vaccine: Health Ministry finalises arrangements with Hyderabad firm for 30 crore doses


For this purpose, the Ministry of Health would be making an advance payment of ₹1,500 crore.
The vaccine of Biological-E was currently undergoing Phase-3 clinical trial after it showed promising results in Phase 1 and 2 clinical trials. The RBD protein sub-unit vaccine is likely to be available in the next few months.
“The proposal of M/s Biological-E was examined and recommended for approval after due diligence by National Expert Group on Vaccine Administration for COVID-19 (NEGVAC),” the Ministry said.
It added that the arrangement with the manufacturer is part of the wider endeavour of the government to encourage indigenous vaccine makers by providing them support in Research & Development and also financial support. ....

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Hyderabad Firm Funlab Cheats BTech Students With Fraudulent Job Offers

Hyderabad Firm Funlab Cheats BTech Students With Fraudulent Job Offers
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Hyderabad firm forays into ready-to-eat food segment


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Hyderabad firm Instahot Foods, as part of its foray into the ready-to-eat food segment has set up a factory that can produce two million meal boxes a month.
Stating that the factory, with advanced dehydration and freeze drying technology unit, has been established at Patancheru here, the company said nearly $3 million (around ₹ 22 crore) had been invested on the infrastructure and research and development. The company has a 40-member team right now, a release said.
The focus of the products, marketed under ‘The Taste Company’ brand is on Indian breakfast and meal categories. It is the first firm in the country to offer non-vegetarian ready-to-eat meals. Way2online founder Raju Vanapala, who launched the venture a year ago, said the customer response during the pilot project undertaken in the last six months had been encouraging. ....

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ED attaches assets worth Rs 4,109 Cr in Agri Gold Ponzi scheme case


Updated Dec 25, 2020 | 07:29 IST
The assets attached provisionally under the Prevention of Money Laundering Act (PMLA) are located in Andhra Pradesh, Karnataka, Odisha, Tamil Nadu and Telangana.
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New Delhi: The ED has attached properties worth Rs 4,109 crore spread across various states in a money-laundering case linked to an alleged Ponzi scheme, the agency said on Thursday.
The case pertains to the Agri Gold Group of Companies. Three promoters of the group were arrested by the central agency on Tuesday.
The attached assets include 2,809 landed properties, Haailand Amusement Park in the name of Arka Leisure and Entertainments Private Limited in Andhra Pradesh (spread over 48 acres) and shares of various companies, plants and machinery, the Enforcement Directorate (ED) said in a statement on Thursday. ....

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