Indian

Civil aviation recovery to be faster due to market size: Airbus India Prez

Sep 15, 2020

“We haven’t reached the pre-Covid situation yet but we are improving. There are several segments that are offering good opportunities. Chartered flights too are offering great support,” IndiGo’s Chief Strategy and Revenue Officer Sanjay Kumar said.

COVID-19 tally in India breaches 48-lakh mark; death toll climbs 79,722

Sep 14, 2020

The COVID-19 case fatality rate due to the coronavirus infection has further dropped to 1.64 per cent.

There are 9,86,598 active cases of COVID-19 in the country, while 37,80,107 people have recovered, the data stated.

India’s COVID-19 tally had crossed the 20-lakh mark on August 7, 30 lakh on August 23 and it went past 40 lakh on September 5.

According to the ICMR, a cumulative total of 5,72,39,428 samples have been tested up to September 13 with 9,78,500 samples being tested on Sunday.

S&P expects India’s economy to contract 9% in fiscal 2021

Sep 14, 2020

“While India eased lockdowns in June, we believe the pandemic will continue to restrain economic activity … As long as the virus spread remains uncontained, consumers will be cautious in going out and spending and firms will be under strain,” S&P said in a note.

Indian government to infuse $2.72 billion in state-run banks

Sep 14, 2020

The pandemic’s impact is likely to push up the ratio of gross non-performing assets in the Indian banking system to at least 12.5% by March 2021, from 8.5% in March 2020, according to a report by the Reserve Bank of India.

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