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Global warming could add up to 3.2 percentage points to food...
COVID-19 cases in India breach 65-lakh mark
The total coronavirus cases mounted to 65,49,373 with 75,829 people testing positive for the infection in a day, while the death toll climbed to 1,01,782 with the virus claiming 940 lives in a span of 24 hours, the data updated at 8 am showed.
The total recoveries have surged to 55,09,966, while there are 9,37,625, active cases of coronavirus infection in the country which comprises 14.32 per cent of the total caseload, the data stated.
The recovery rate stands at 84.13 per cent.
The COVID-19 case fatality rate has further dropped to 1.55 per cent.
Cos” auto sales recovery ”tactical” due to pent-up demand, not sustainable: MG Motor India
“This is all tactical but sustainable demand or the robust demand depends on the economy. Automotive industry is hugely linked with the economy of the country and vice versa. Auto industry helps the economy and the economy helps the auto industry,” saidMG Motor India President and MD Rajeev Chaba.
CEOs indicate business sentiment revival; steady recovery of Indian economy on anvil: CII
“While in most cases, the performance – revenue or capacity utilisation – is estimated to be lower than the comparative figures in 2019-20, a large percentage of the CEOs polled have shown confidence in the days ahead indicating that the worst may be behind,” CII said.
,The finance ministry on Sunday said the festive months were expected to further boost economic growth after high frequency indicators showed improvement. It, however, cautioned that the spread of Covid-19 and an increase in precautionary personal savings posed risks to the prospects of economic expansion.
Govt weighs legal options after losing Vodafone tax arbitration case
Finance Ministry sources said the government will decide on challenging the award before a court in Singapore – which was the seat of the arbitration, after taking legal opinion.While the cost implication in the case is limited to having to pay Rs 85 crore to Vodafone in legal cost, what is weighing on the government mind is a separate arbitration involving UK’s Cairn Energy plc.
India seeks up to 500 million coronavirus vaccine doses by July
“There is a high-level expert body going into all aspects of vaccines,” Vardhan wrote on Twitter. “Our rough estimate and the target would be to receive and utilise 400 to 500 million doses covering (200 million-250 million) people by July 2021.”
Serum Institute of India and private companies have been teaming up with organizations from the Bill & Melinda Gates Foundation to U.S. drug developer Novavax Inc in a scramble to secure vaccines for the country of 1.3 billion people.
India and South Africa ask WTO to waive rules to aid COVID-19 drug production
In their letter dated Oct. 2 the two countries called on the global trade body to waive parts of the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS), which governs patents, trademarks, copyright and other intellectual property rules globally.“As new diagnostics, therapeutics and vaccines for COVID-19 are developed, there are significant concerns (over) how these will be made available promptly, in sufficient quantities and at (an) affordable price to meet global demand,” the letter posted on the Geneva-based WTO’s website says.
FPIs turn net sellers after 3 months in Sep; pull out Rs 3,419 cr
FPIs had been net buyers in Indian markets in the three straight months to August. They had invested Rs 46,532 crore in August, Rs 3,301 crore in July and Rs 24,053 crore in June on net basis.
“FPIs have turned cautious ahead of the US Presidential election. Also, renewed fears of re-emergence and surge in coronavirus cases across countries have raised concerns about the possibility of fresh lockdowns being imposed in infected regions,” said Himanshu Srivastava, associate director – manager research, Morningstar India.
Global stocks rise as signs of Trump’s improving health calm markets
Doctors treating Trump say they are pleased with his progress. Relief about his health could fuel a rally in equities and other risky assets as investors prepare for the run-up to next month’s U.S. presidential election.
Investors around the world were stunned late Thursday after Trump announced that he and the first lady had tested positive for coronavirus.
London transport regulator strips Ola’s operating licence over public safety failings
Transport for London (TfL) said in a statement that it refused to grant Ola, a Softbank-backed operator, a new London private hire vehicle (PHV) operator’s licence as it “cannot find it fit and proper to hold one after discovering a number of failures that could have risked public safety.”
TfL’s decision came days after Uber won a legal bid to restore its London operating licence, which was taken away over safety concerns, after a judge ruled that the company was a fit and proper operator despite “historical failings”.