The RBI sharply cut the GDP growth projection to 6.6 per cent from...
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Indian businesses should not be excessively dependent on one supply chain: Jaishankar on trade with China
The external affairs minister said alternative routes for supplies...
Global insured NatCat losses over $135 billion in 2024 , says Swiss Re
Jérôme Jean Haegeli, Swiss Re's Group Chief Economist, says:...
Modi tells states to beef up health facilities as Omicron cases rise
Prime Minister Narendra Modi While more than half of India's adult population is fully vaccinated, hundreds of millions are still at risk. Doctors warn that if an Omicron-fuelled third wave of infections hits the country, medical facilities could be over-run very...
Global M&A activity smashes all-time records to top $5 trillion in 2021
"Corporate balance sheets are incredibly healthy, sitting on $2 trillion of cash in the U.S. alone -- and access to capital remains widely-available at historically low costs," said Chris Roop who co-heads North America M&A at JPMorgan Technology and healthcare,...
Covid-19: Pressure mounts on India to begin boosters as Omicron spreads
India's drug regulator has so far been reluctant to authorize third doses or childhood vaccinations until local trial data has been produced. Government officials have been reiterating targets to fully inoculating the country’s adult population first India’s...
India’s monetary policy financially inclusive by design: RBI DG Patra
Financial inclusion appears to have gone up, with the level of the RBI's financial inclusion index rising from 49.9 in March 2019 to 53.1 in March 2020 and further to 53.9 in March 2021, Patra said at an event organized at the Indian Institute of Management (IIM),...
RBI extends card tokenisation deadline by 6 months till Jun-end
Under tokenisation services, a unique alternate code is generated to facilitate transactions through cards The RBI in September prohibited merchants from storing customer card details on their servers with effect from January 1, 2022, and mandated the adoption of CoF...
Third Covid-19 wave triggered by Omicorn in India to peak in February: IIT-K researchers
The research report used the data of the first and second waves in India, and the current rise in cases triggered by Omicron in various countries, to predict a possible third wave in the country Chennai: Researchers at IIT Kanpur (IIT-K) have predicted that a third...
Sanlam looks for strategic partnership with Allianz in Africa
Allianz makes less than 500 million euros [US$564.1 million] in revenues from its African operations in 2020, but is looking to expand on the continent JOHANNESBURG – African insurer Sanlam Ltd. said on Wednesday it was exploring “strategic alternatives” with...
AstraZeneca vaccine booster works against Omicron, Oxford lab study finds
Scientists and governments are scrambling to bolster defences against Omicron with shots and therapies, as the variant threatens to become dominant globally and has prompted renewed curbs ahead of the holidays to contain infections. A three-dose course of...
IPO fundraising reaches all-time high of Rs 1.18 trillion in 2021
The year witnessed tremendous response from retail investors as well. The average number of applications from retail was 14.36 lakh, in comparison to 12.77 lakh in 2020 and 4.05 lakh in 2019. The highest number of applications from retail in 2021 was received by...
COVID-19: Civil Aviation Ministry issues guidelines for domestic, international passengers visiting Delhi
All domestic passengers have been advised to download the Arogya Setu app as per the guidelines New Delhi: Union Ministry of Civil Aviation (MoCA) has issued fresh guidelines for domestic and international passengers travelling to Delhi in view of the rising cases of...