The Indian Navy, which regards itself as the 'net security provider' in the Indian Ocean Region, has also stepped up to the plate, with a warship stationed at all times off the Gulf of Aden for counter-piracy tasks. 91 Indian warships have been deployed in the region since 2008, patrolling high risk areas where piracy was rampant.
Serum Institute of India (SII) and Bharat Biotech have also stopped producing the Covishield and Covaxin vaccines respectively.
The electric Chetak has already sold close to 25,000 units in India, and the European version will be based on the same platform.
Ahead of the UEFA Champions League proper, which kicks-off next month, Bikash Mohapatra/Rediff.com tells football fans what to expect in this year's competition.
The Meghalaya government in partnership with startup TechEagle has unveiled Asia's first drone delivery hub and network which is aimed at providing universal access to healthcare for the people in the state, a release said on Tuesday. The project is aimed at delivering vital supplies like drugs, diagnostic samples, vaccines, blood and blood components quickly and safely to different regions of the state using a dedicated drone delivery network, it said. On Monday, the first official drone flight took off from Jengjal Sub Divisional Hospital, which will act as the hub, and delivered medicines to Padeldoba primary health centre in less than 30 minutes, which would otherwise have taken 2.5 hours by road, TechEagle said in the release.
The Indian Premier League's media rights for the next five years have been sold for a whopping Rs. 48,930 crore, said BCCI secretary Jay Shah on Tuesday.
Transactions were allegedly not reported correctly in the tax returns for FY20.
Chelsea have topped the spending list with Manchester United not far behind, but West Ham United's business epitomises the TV riches which give all Premier League clubs spending power that only the elite teams in Spain or Germany can dream of.
India is among the top three emerging markets in the wellness economy.
'If they are not, then the Modi government should order a JPC immediately.'
The Congress on Monday promised that a government led by it will conduct a nationwide caste census and implement 33 per cent reservation for women in the Lok Sabha and state legislative assemblies at the earliest, including adequate representation for women belonging to the OBC community.
'The current launch is a sounding rocket, this cannot be called a milestone. The importance is this is for the first time a private player is doing it.'
Biological E Limited plans to complete production at a rate of 75 million doses of its COVID-19 vaccine Corbevax per month, anticipating over 100 million doses per month from February 2022 which will enable the Hyderabad-based company to deliver 300 Million doses as promised to the Centre, BE said on Tuesday.
With over 600 million people in India or 53 per cent of Indian households defecating in the open, absence of toilet or latrine is one of the important contributors to malnutrition, a World Bank report has said.
With India rolling out 5G services, can telcos get the sizeable 350-400 million 2G customers to upgrade to 4G, or even better -- but very improbably -- straight to 5G?
Asserting that terrorism is not linked to any religion, National Security Advisor Ajit Doval on Tuesday said it is no coincidence that despite there being around 200 million Muslims, the involvement of Indian citizens in global terrorism has been "incredibly low".
Brent crude oil prices may rise to $110 a barrel in 2023, up nearly 33 per cent from the current levels, said analysts at Morgan Stanley, in a recent note. This is, however, lower than the peak level of nearly $127 touched earlier in 2022 as geopolitical concerns took centre stage amidrising demand. "Looking ahead, Brent oil price growth will decelerate even more in the coming quarters. "This comes even as our global oil strategist expects a rise in oil prices back to $110 a barrel by the second half of 2023.
China has reported a spike in COVID-19 infections in Zhejiang Province which registered 138 locally-transmitted confirmed cases stated to be that of new Delta strain "sub-lineage AY.4", prompting authorities to bar millions of people in the eastern province from travelling.
Super cyclone Mocha made landfall along the Myanmar-Bangladesh coasts on Sunday after intensifying into the equivalent of a category-five storm, a senior Met official said.
Tata Steel has a very British problem. The performance of Europe dragged the steel major's October-December (Q3FY23) performance with the UK business accounting for a major part of the operating loss; on the bottom line, the overhang of the British Steel Pension Scheme (BSPS) showed. And a nearly three-year discussion with the UK government on a support package for a green transition resulted in an offer that fell short of the ask.
The Centre and the states need to continue working in collaborative spirit as was done during the previous surges for COVID-19 prevention and management, Mandaviya said.
The challenge is to enhance opportunities for people to generate livelihoods through entrepreneurship, both big and small, argues R Jagannathan.
Dr Shreekant Sambrani pays tribute to M S Swaminathan, renowned agricultural scientist and a lifelong crusader against hunger who passed away in Chennai recently.
The Akula-II class Nerpa nuclear submarine has finished sea trials and is now ready to be leased to the Indian navy in the next few days, a Russian engineer said on Wednesday.
Indian banks have started experiencing the ripples of the US subprime crisis. While ICICI Bank is provisioning an additional $70 million (around Rs 280 crore) to cover its losses on exposure to credit derivatives, Bank of Baroda on Wednesday said it will provision an additional $2.50 million (around Rs 10 crore) for its investments in Credit Linked Notes.
India's smartphone market has fallen by one per cent in the first half of 2022, as shipments of Xiaomi - the top-selling brand - declined 28 per cent due to weak consumer demand in the quarter ended June. According to the International Data Corporation's (IDC's) Worldwide Quarterly Mobile Phone Tracker, 71 million smartphones were shipped from January to June this year. The highest decline was in the below-$100 segment, which lost its market share by 5 per cent.
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'Viral infections rise in winter and better care needs to be taken in the next few months.'
Mandaviya reviewed the pandemic situation, status of vaccination drive and the global scenario of new variants of Covid.
US-based retail giant Walmart is looking to source toys, shoes and bicycles from Indian suppliers as the company is targeting to increase its exports from India to USD 10 billion annually by 2027. The company also wants to develop new suppliers in categories such as food, pharmaceuticals, consumables, health and wellness, and apparel and home textiles, a company spokesperson told PTI. Officials from the Bentonville-headquartered firm recently held a virtual meeting with several domestic toy manufacturers in India.
United manager Louis van Gaal, who had come under scrutiny for sanctioning the deadline-day deal this month and had even been accused of 'panic-buying', was suitably impressed if typically understated.
The average age of those who died was 80.3, and 90 per cent of the fatalities were aged 65 or over, the Hong Kong-based South China Morning Post reported.
Karnataka, Telangana and Haryana have been ranked as the top three states among major states in Niti Aayog's third innovation index. Niti Aayog's India Innovation index 2021 examines innovation capacities and ecosystems at the sub-national level. The index, released by Niti Aayog's Vice Chairman Suman Bery in the presence of chief executive officer Parameswaran Iyer on Thursday, has been developed on the lines of the Global Innovation Index. States and Union Territories were divided into '17 Major States', '10 North-East and Hill States', and '9 Union Territories and City States', for effectively comparing their performance.
BE's Corbevax is the first such vaccine in India to be approved as a heterologous COVID-19 booster in the country.
Catamaran, the family office of Infosys founder Narayana Murthy, is targeting 15 per cent returns on its portfolio investments per annum as it shifts focus from early-stage investments to growth and late-stage bets. This would double the firm's assets under management (AUM) from the current $1 billion to $2 billion over the next five years. "For direct investments, we are focusing on growth-stage investments and very selectively on early stage," Deepak Padaki, president, Catamaran, told Business Standard. "(This is) primarily because the early-stage space in India, in the last three-four years, has completely changed. "There has been a huge influx of capital in the last two years. It has become a very crowded space for early-stage investment," he said.
Backed by the 'China Plus One' sentiment globally, India's textile exports is expected to grow by 81 per cent to $65 billion by 2026 from the pre-Covid level of around $36 billion in 2019, said a report by the Confederation of Indian Industry (CII) and global consulting firm Kearney. This jump is likely to generate 7.5-10 million new jobs. A large chunk of this targeted increase, or around $16 billion may come from the China Plus One sentiment due to India's relatively large strategic depth compared with Vietnam or Bangladesh, the report said.
Seven years after it announced Nexa, there's no mistaking the seriousness with which Maruti wants the segment to grow, says Pavan Lall.
The March quarter (Q4) of the ongoing financial year (FY23) may see cement companies report better financial numbers as input costs ease, pricing action resumes, and cement demand remains firm. While companies have been cautiously optimistic about their outlook, analysts and sector experts remain bullish. In its latest report on the cement sector, brokerage IDBI Capital said that it expected earnings before interest, tax, depreciation, and amortisation (Ebitda) per tonne for cement companies to improve by Rs 200-300 sequentially in Q4.
In a surprise announcement in April, Sun and Ranbaxy -- at that time owned by Japan's Daiichi -- declared an all-stock deal to create India's largest and world's fifth-largest drugmaker in an over $4 billion deal.
UTC India is playing up the umbrella brand of Carrier and OTIS to push integrated services.
