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S&P cuts India’s GDP growth forecast marginally for FY26 FY27
"In India we see GDP growth easing to 6.8 per cent this fiscal year...
CCI rejects Apple’s request to put antitrust report on hold
The Competition Commission of India (CCI) in August ordered a...
Over 5 lakh cos went out of biz, 7 lakh new cos registered in nearly 6 years: Official data
So far this financial year starting from April 1, 2021, a total of 22,557 companies have been deregistered, whereas 1,09,098 new companies have been set up. In the last nearly six years, the maximum number of companies were shuttered in 2017-18 at 2,36,262 and the...
Omicron poses “very high” global risk, world must prepare -WHO
"The overall global risk related to the new variant …is assessed as very high." To date, no deaths linked to Omicron had been reported, though further research was needed to assess Omicron's potential to escape protection against immunity induced by vaccines and...
No proposal to recognise Bitcoin as a currency: FM
Finance Minister Nirmala Sitharaman The government plans to introduce the Cryptocurrency and Regulation of Official Digital Currency Bill 2021 in the ongoing Winter Session of Parliament. The Bill seeks to ban all but a few private cryptocurrencies to promote...
COVID ‘Omicron’ variant: Centre advises States, UTs to enhance genomic surveillance of incoming passengers from ‘at risk’ countries
India has categorized 16 countries including some in Europe in "at-risk" category.The countries include the UK, France, Germany, Netherlands, Finland, South Africa, Brazil, Bangladesh, Botswana, China, Mauritius, New Zealand, Zimbabwe, Singapore, Hong Kong and Israel....
Spread of Omicron variant forces nations to rethink plans for global travel
Potentially more contagious than previous variants, Omicron has now been detected in Australia, Belgium, Botswana, Britain, Canada, Denmark, France, Germany, Hong Kong, Israel, Italy, the Netherlands and South Africa. Asian markets and oil prices regained some...
WHO reaches draft consensus on future pandemic treaty
A global agreement to strengthen pandemic prevention and responses, expected to be ready in May 2024, would cover issues such as sharing of data and genome sequences of emerging viruses, and of any potential vaccines and drugs derived from research. Member states of...
Omicron reportedly has 30+ mutations in spike protein region, may bypass vaccines: AIIMS chief
AIIMS chief Dr Randeep Guleria The future course of action will depend on what more data on its transmissibility, virulence and immunoescpae shows, AIIMS chief Dr Randeep Guleria said. The Indian SARS-CoV-2 Genomic Consortia INSACOG is closely tracking the new variant...
FPIs net buyers in Nov; invest Rs 5,319 crore
''Future of FPI flows is expected to remain volatile given key events such as upcoming state elections, expectation of rise in interest rates and concerns a new Covid variant will prompt fresh mobility restrictions, hindering economic recovery,'' said Shrikant...
India leading way in world of start-ups, says PM Modi
Indian Prime Minister Narendra Modi "This is the era of start-ups and it is also true that today India is leading the way in the world of start-ups. Start-ups here are getting record investments year after year. This sector is progressing very fast. In just 10 months,...
Global UBI premiums expected to surpass €150 billion by 2030: PTOLEMUS’ study
Will connected cars dominate the auto insurance industry? PTOLEMUS’ research ``Connected Auto Insurance Global Study 2021’’ finds out Elon Musk just tweeted Tesla’s intent to launch a UBI(usage based insurance) product in Texas in October, citing why, with the stream...