Despite the massive FII selling in financials, this sector is...
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SUV sales a bright spot in carmakers’ October dispatches to dealers
Demand for new cars has slowed after two years of surging growth,...
India faces 24.7 pc GDP loss by 2070 due to climate change: ADB report
"India is reported to have the highest number of affected...
S&P cuts India’s FY22 growth forecast to 9.5 pc
Stating that permanent damage to private and public sector balance sheets will constrain growth over the next couple of years, it projected India’s growth at 7.8 per cent in the next fiscal ending March 31, 2023.
Google expands Jio partnership with Indian smartphone, cloud tie-ups
India is the world’s second-biggest mobile market with about 530 million smartphone users, but more than 300 million people still use legacy feature phones, Hong Kong-based tech consultancy Counterpoint Research says.
“This (the smartphone) is a testimony to a global technology giant and a national technology champion working together to make truly a breakthrough product that can be first introduced in India and then taken to the rest of the world,” Ambani said.
He did not specify a price but promised it will be the most affordable smartphone “not just in India, but globally”.
Reliance to set up 100 GW solar power plant, to invest Rs 75k in clean energy business
Reliance will set up 100 GW of solar power generating capacity.
`We plan to build four Giga Factories to manufacture and integrate all critical components of new energy ecosystem solar photovoltaic module factory, energy storage battery factory, electrolyser factory, fuel cell factory,” Ambani said.
These four factories will involve an investment of Rs 60,000 crore.
Insurers pay Rs18,600 crore for settling 15.40 lakh Covid-19 claims :IRDAI
“Over 19.11 lakh covid health claims have been reported as on 22nd June as far as medical insurance or hospitalisation is concerned. While in terms of death claims, which is handled by the life insurers, about 55,276 claims have been intimated and nearly 88 per cent i.e., 48,484 claims amounting to Rs 3,593 crore have already been settled,” informed while inaugurating 13th Global Insurance E-Summit & Awards organised by ASSOCHAM.
She added that the repudiated claim for health is just about 4 per cent and in life it is just about 0.66 per cent, which is negligible.
Thackeray instructs health dept to prepare for possible COVID third wave
The tail of the second wave is yet to come. You are not completely out of it,” added Thackeray. Meanwhile, An IIT Kanpur study by Prof. Rajesh Ranjan and Mahendra Verma, along with their team, on Monday said the third wave peak of COVID could be around September – October this year
FM calls for re-thinking financing and development priorities for inclusive, resilient infra
The Finance Minister highlighted setting up of National Bank for Financing Infrastructure and Development, National Infrastructure Pipeline, National Monetisation Pipeline, liberalised FDI, development of GIFT City to promote Infrastructure Development, incentivise private partners and innovation.
Adopted in 2015, SDGs are the world”s shared plan to end extreme poverty, reduce inequality, and protect the planet by 2030.
Moody’s cuts India growth forecast for 2021 to 9.6 pc
“Mobility and economic activity will likely accelerate in the second half of the year as the pace of vaccinations pick up. The government recently announced a strategy to centralise vaccine procurement in order to boost vaccinations, which if successful, will support the economic recovery,” it added.
States” reopening strategy not ”prudent” as vaccination coverage low in many places: Report
According to the report, re-opening has commenced at a faster pace than it had anticipated as states have focused on declining test positivity rates as the guiding factor for easing measures rather than the share of population vaccinated.
No I-T lens on deposits up to Rs 2.5 lakh by housewives post note ban: ITAT
Ruling on an appeal filed by an individual, the Agra bench of ITAT said the order would act as a precedent for all similar cases.
India is making collective efforts to reduce gender gaps in labour force participation
The minister added that the new Code on Social Security may now include even self-employed and all other classes of work force into the folds of social security coverage. A voluntary and contributory pension scheme introduced in 2019 for the unorganised sector workers provides for minimum assured pension after the age of 60 years.