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Apr-Sep FDI inflow climbs 15% to Rs 2.2 trillion; Mauritius was top source

Among the sectors, services sector continued to lead with the highest amount of FDI coming in. The sector which includes financial, banking, insurance, outsourcing, R&D among others, received 17 per cent of the FDI equity inflow during the period under review.

According to data from the Department for Promotion of Industry and Internal Trade (DPIIT), Mauritius and Singapore were the biggest sources of FDI for India with 29 per cent and 21 per cent contribution respectively.

The US, Netherlands and Japan followed with 7 per cent contribution each.

Indian economy contracts 7.5 pc in Q2, recovery seen next year

Economists have marginally raised growth forecasts this month after a pick-up in consumer demand for autos, non-durables and rail freight during the festival season.

“The possibility of a release of several highly effective vaccines soon gives us hope that there is an end date to the pandemic Rumki Majumdar, economist at Deloitte India, while expressing confidence in a quick economic rebound.

Lakshmi Vilas Bank becomes DBS India; 94-year old bank part of history now

LVB has 566 branches and 973 ATMs spread across 19 states and Union Territories.
It is the second private sector bank after Yes Bank that has run into rough weather this year.

In March, capital-starved Yes Bank was placed under a moratorium. The government rescued Yes Bank by asking State Bank of India (SBI) to infuse Rs 7,250 crore and take 45 per cent stake in the lender.

New Delhi ambulance group grapples with surging COVID-19 quarantine deaths

Currently more than 23,000 people are recovering at home in Delhi, which has been recording a total of around 100 deaths a day this month and more than 5,000 infections.
“Corona has gone out of control in Delhi,” said Shunty, who founded the non-governmental organisation more than 25 years ago. It runs 16 ambulances, almost all of them working overtime these days.

“Too many deaths are happening, especially among the old and people with other complications.”

Five COVID-19 patients killed in Gujarat hospital fire

The early morning blaze in Rajkot city in Gujarat gutted the intensive care unit (ICU) of the private hospital, television footage showed. The most likely cause was an electrical short circuit, said government official Udit Agarwal.
The latest fire angered India’s top court, which asked both the federal and state governments to submit a detailed reply on recurring fires in COVID-19 hospitals.

Israel, India partners in quest for future with low carbon, pollution levels: Netanyahu

Addressing a digital conference of the India-led International Solar Alliance (ISA), he said obstacles to conserving solar energy would have to be overcome to ensure supply on days when there is no sun.

“We want a future with less carbon and less pollution, a future based on green energy and that’s why I welcome this vital initiative by Prime Minister (Narendra) Modi and I want to assure you that Israel is your partner in this quest,” a government release quoted Netanyahu as saying.

UK asks regulator to assess AZ-Oxford vaccine amid questions

The step comes amid questions about preliminary results from trials of the jab, after the company and the university acknowledged that the most encouraging part of their findings stemmed from a dosing error.
UK Health Secretary Matt Hancock said he had asked the Medicines and Healthcare Products Regulatory Agency (MHRA) to determine whether the vaccine “meets rigorous safety standards.”

Explainer: Will COVID-19 vaccines protect us? Does efficacy equal effectiveness?

There is a difference between efficacy rates obtained in clinical trials and effectiveness – the real-world protection rate of a vaccine when it is rolled out.

“Efficacy says: ‘Does it work?’. Effectiveness says: ‘Can it be applied? Can you carry the efficacy to the people?’,” said Marcel Tanner, an epidemiologist and president of Switzerland’s Academies of Arts and Sciences.

 Suspected North Korean hackers targeted COVID vaccine maker AstraZeneca –

Cyberattacks against health bodies, vaccine scientists and drugmakers have soared during the COVID-19 pandemic as state-backed and criminal hacking groups scramble to obtain the latest research and information about the outbreak.

Western officials say any stolen information could be sold for profit, used to extort the victims, or give foreign governments a valuable strategic advantage as they fight to contain a disease that has killed 1.4 million people worldwide.