Day: October 4, 2020

President to Get More Remdesivir Doses on Sunday: Trump Update

(Bloomberg) —

President Donald Trump will receive more doses of Remdesivir on Sunday as he enters a third day in hospital, with his physician saying he has made “substantial progress” but still isn’t “out of the woods.”

Trump completed a second dose of Remdesivir on Saturday and remained fever free, his doctor Sean Conley said in a Saturday evening update. He’s expected to conduct his presidential duties while being monitored by Conley.

“While not yet out of the woods, the team remains cautiously optimistic,” Conley said in a statement.

White House Chief of Staff Mark Meadows said in an interview

Loan Moratorium: Centre tells SC it will waive compound interest on specified loans of up to Rs 2 crore

The government’s decision follows a firm stand taken by the court that moratorium would be meaningless unless at least the interest on interest is waived for the period.

Most individual borrowers of housing, educational and personal loans as well a sizeable section of MSMEs will benefit, as the government on Saturday agreed in the Supreme Court to waive compound interest on their loans of up to Rs 2 crore for the six-month (March-August) moratorium period. The waiver of interest on interest will also be given to all such loans by such categories of borrowers, whether or not they availed themselves

After disrupting grocery, JioMart forays into fashion to heat up competition with Amazon, Flipkart, others

JioMart’s subscription service will compete with similar services such as bbdaily from BigBasket, Milkbasket, Supr Daily by Swiggy etc.

Mukesh Ambani’s e-commerce venture JioMart has now expanded beyond grocery segment nearly three months after Reliance’s Chairman had announced plans to foray into electronics, fashion, pharmaceutical and healthcare verticals during the 43rd AGM in July. JioMart has added fashion category onto its web portal and app for men, women, boys, kids and infants with limited brands, according to details available on the portal and app. JioMart, fulfilling orders through Reliance Retail, would further take on the likes of Amazon,