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HSBC's Asia bankers do better than peers as bonus pool cut 20%

HSBC’s Asia bankers do better than peers as bonus pool cut 20%
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(FILES) This file photo taken on September 21, 2020 shows pedestrians walking past the logo for HSBC in Hong Kong. - HSBC was expected on February 23, 2021 to announce their 2020 annual results later in the day. (Photo by ISAAC LAWRENCE / AFP)
(AFP)
The bank saw a 20.4% drop in discretionary awards to about $2.66 billion for 2020
Most European financial institutions have been seeking to keep a lid on discretionary payouts this year
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HSBC Holdings Plc’s bankers in Asia were paid bigger bonuses than colleagues in other locations as Europe’s largest lender seeks a stronger foothold in the region. ....

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Zydus to expand vaccine capacity

Zydus to expand vaccine capacity
Zydus Cadila seeks to produce 150 million doses of its covid vaccine ZyCoV-D annually
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The company has invested ₹250-350 crore so far on trials of the vaccine and its manufacturing
Zydus Cadila expects to submit to the drug regulator its safety and efficacy data for the vaccine in either April or June
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Zydus Cadila Ltd will expand capacity of its covid-19 vaccine ZyCoV-D to produce 150 million doses a year and hire contract manufacturers to make an additional 50 to 70 million doses, a company spokesperson said.
“We have been investing a large amount of our capacities in building the vaccine, so we will now be able to produce 150 million doses of the vaccine annually, the spokesperson said, adding that the vaccine will be produced at its Zydus Biotech Park plant in Ahmedabad. ....

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Amazon India partners with Mahindra Electric to expand EV fleet

Amazon India partners with Mahindra Electric to expand EV fleet
Automakers including Mahindra and Mahindra Ltd, Tata Motors Ltd and Ashok Leyland Ltd are focussing on electric mobility. (Photo: Bloomberg)Premium
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BENGALURU: Amazon India on Tuesday said it has partnered Mahindra Electric to strengthen its commitment to electric mobility in the country, as it looks to add 10,000 electric vehicles in its local delivery fleet by 2025.
According to the e-commerce major, Mahindra’s Treo Zor vehicles have been deployed in seven cities Bengaluru, New Delhi, Hyderabad, Ahmedabad, Bhopal, Indore, and Lucknow so far, with Amazon India’s network of delivery service partners. ....

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IATA in discussion with Indian airlines for Travel Pass

Several leading global airlines like Emirates and Singapore Airlines have already signed up for IATA’s Travel Pass ....

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Covid-19: Gujarat, Madhya Pradesh to screen inter-state travellers at borders

Covid-19: Gujarat, Madhya Pradesh to screen inter-state travellers at borders
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