Air India cancelled 14 flights on India-US routes from Wednesday onwards due to deployment of 5G internet in North America which could interfere with aircraft's navigation systems. Meanwhile, DGCA chief Arun Kumar told PTI that the Indian aviation regulator was working "in close coordination with our carriers to overcome the situation" that has arisen due to 5G internet's deployment in the US. US aviation regulator Federal Aviation Administration (FAA) had on January 14 said that "5G interference with the aircraft's radio altimeter could prevent engine and braking systems from transitioning to landing mode, which could prevent an aircraft from stopping on the runway".
Reliance Industries Ltd, India's most valuable company, is back on a growth path after six months of challenges as it posted better than expected earnings in the December quarter, brokerages said.
The genomic consortium, citing global data, said there is now clear experimental and clinical data supporting very high immune escape potential of Omicron, which appears to be the major component of its growth advantage over Delta.
The weekly epidemiological update by WHO revealed the week of December 20-26 saw the global number of new COVID-19 cases increase by 11 per cent as compared to the previous week.
Recovering from a two-session carnage, equity benchmark Sensex rebounded 887 points on Tuesday, led by gains in index majors ICICI Bank, HDFC twins and Infosys amid a positive trend in global markets. According to experts, global equity markets are slightly relieved after studies pertaining to the Omicron strain of COVID-19 suggest that even though it is fast spreading, it is largely milder than the Delta variant. The 30-share BSE Sensex ended 886.51 points or 1.56 per cent higher at 57,633.65.
Shares of Reliance Industries (RIL) traded 2 per cent higher at Rs 2,310.10 on the BSE in intra-day trade in an otherwise volatile market after the company reported a 27.4 per cent year-on-year (YoY) growth in its consolidated net profit at Rs 17,394 crore for the September quarter (Q2FY24). While revenue growth of the company was flattish YoY at Rs 2.32 trillion, the profit rose on the back of operational improvement across most segments, especially higher profits in the O2C (oil-to-chemicals) and oil & gas businesses, as well as the retail business. "Strong operational and financial contribution from all business segments has helped Reliance deliver another quarter of robust growth," said Mukesh Ambani, chairman and managing director of the company.
The World Health Organisation has said it is 'not yet clear' whether the newly-detected coronavirus variant Omicron is more transmissible or causes more severe disease compared to other variants, including the highly-transmissible and globally prevalent Delta variant.
As many as 267 of 453 companies from the BSE500 index are trading above their consensus price targets, according to the data compiled by Bloomberg. Not all companies in the BSE500 index are tracked by analysts.
The global number of new cases has been increasing for more than a month, with over 4 million cases reported in the past week - July 26 to August 1, the update said.
Markets regulator Securities and Exchange Board of India (Sebi's) measures to curb speculative activity in the Rs 450-trillion-a-day futures and options (F&O) market is not a case of "throwing the baby out with the bathwater," whole-time member (WTM) Ananth Narayan said on Friday. "As a regulator, we are conscious that we must not throw the baby out with the bathwater. "When it comes to frenzied trading in options nearing expiry, however, it is difficult to see any baby in this bathwater," he said while delivering his address at the 21st FICCI Annual Capital Markets Conference.
In the maintenance department of an auto component company, the original grinding wheel motor was drawing 18 amp current using a delta connection. Considering the motor's function, this seemed high to the motor operator.
India reported an 18 per cent decrease in the new COVID-19 cases along with a 13 per cent decline in the number of deaths during the week of October 11 to 17, the World Health Organisation has said, highlighting that all the regions globally, except the European region, reported a fall in new weekly cases of the deadly virus.
With a population of more than 60 million, the delta region accounts for nearly 30 per cent of China's exports.
A third dose of COVID-19 vaccine can provide up to 88 per cent protection against hospitalisation from infection by the Omicron variant of coronavirus, according to early results from studies conducted in the UK.
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The world is witnessing the fourth surge of the COVID-19 pandemic and India has to be on guard and cannot afford to slacken, said Union health secretary Rajesh Bhushan on Friday.
People must also avoid mass gatherings, and new year celebrations need to be at low intensity, the government said.
The next wave is likely to be far smaller than the second wave that peaked at a record 400,000-plus daily cases on May 7 and declined sharply thereafter.
Quarterly earnings from IT majors Infosys and Wipro, macroeconomic data announcements and global cues would be the major drivers for the equity markets this week, said analysts. Leading IT companies Infosys and Wipro and other players such as Mindtree, Tata Elxsi and HDFC AMC would announce their financial results this week. Moreover, industrial production numbers, retail and wholesale inflation data would be released this week.
India's largest integrated casino resort in Daman, spread over 10 acres with 60,000 square feet gaming space, is likely to become operational from early next year.
The decision comes following the appeal by the Delta Airlines, Inc and the Airline Pilots Association of a lower court decision in July 2012 that determined that the Exim Bank improperly approved financing for purchases of certain Boeing aircraft by Air India.
'Using viral genomic sequences from 9,500 COVID-19 patients, the study found an increased number of infections among younger age groups (0-19 years) and women, a lower mean age for infection and symptomatic illness/hospitalisation, higher mortality and more frequent incidences of post-vaccination infections with Delta variant compared to the non-VOC (B.1) variant,' the WHO update said.
With Pant unlikely to play the first Test against England, beginning August 4, either K L Rahul, who has donned the wicket-keeper's gloves in limited overs cricket, or Wriddhiman Saha, the specialist Test wicket-keeper, could take his place.
Every day at 11 am, T Rooban performs a special Abhisheka Aradhana for Kamala Harris' success, pouring liquid offerings over the deity's image while chanting sacred Sanskrit mantras.
We asked you to share pics and stories of your furry companions.
The city, which reported the first case of COVID-19 in late 2019, has also upgraded its epidemic response measure, locking down the area where local COVID-19 infections have been reported while upgrading its risk levels, Chinese state media Global Times reported.
Investors keen on mid and smallcap stocks but wary of volatility should consider multicap equity schemes over standalone midcap or smallcap schemes.
Four persons, including two soldiers, were killed when a ship belonging to an Indian company was attacked by pirates in Nigeria's oil-rich southern delta.
In good news for farmers of Cauvery delta region in Tamil Nadu facing a grim crop situation due to drought like condition, Karnataka has released over 12,000 cusecs of water into the inter-state river with the Kabini dam surplusing following heavy rains in its catchment areas.
There are at least seven major variants of coronavirus, including B.1.617 and B.1.351 (Beta), in Varanasi and its adjoining areas, according to a study conducted by the Banaras Hindu University and the Centre for Cellular and Molecular Biology (CCMB).
With flood waters of Mahanadi river system slowly receding in the delta region, Orissa government on Tuesday accelerated relief work in the affected areas with focus on health care, sanitation and supply of safe drinking water.
SpiceJet's resurgence, once the new funding is in place, has the potential to disrupt the Indian aviation market in 2024 as the airline will bring its grounded aircraft back to service and lease as many planes as possible to be competitively relevant, aviation consultancy firm Capa India said on Thursday. "Although the market for procuring aircraft in 2024 is exceptionally tight, we expect that SpiceJet will bring stored aircraft back into operations, and will wet or dry lease as much capacity as possible, in order to be competitively relevant. "This will have a material impact on the industry structure, and possibly on domestic profitability," Capa India said in its report.
'Vaccination is the only safe way to get immunity.'
Airlines are set to buy 30,900 aircraft valued at $3.6 trillion in the next 20 years.
The March 2020 lockdown did not stop the spread of infection (as it triggered a huge reverse migration from cities), but it did help to flatten the curve and gave time to scale up health infrastructure.
'Between its natural immunity with Delta, in so many populations, and then getting on top of the vaccination (situation), I do not think India is going to have another bad wave.'
The Sittwe deal is more significant than Chabahar in Iran, where India has rights to operate only two terminals and not the port itself.
Kang said that "at the moment, India is doing fine" but maintained that surveillance should be ensured to "detect signal of any changes in the behaviour of the virus".
An Indian-origin man has been arrested and charged with sexually assaulting a fellow-passenger on board a Delta flight. Ranchhodbhai Lakha, 61, of Georgia is being charged in a federal criminal complaint with assault and sexual assault.