Rapid strides in digital payments notwithstanding, the Indian economy will likely remain cash-dependent for many years to come, at least that's what the automated teller machine makers and cash logistics companies are betting on. After growing at over 20 per cent for most of 2020, currency in circulation growth fell to 8.5 per cent as of October 29 this year, shows data from the Reserve Bank of India (RBI). The reason for the steep rise in currency last year was the uncertainties related to the Coronavirus (Covid-19) pandemic, where people preferred to hoard cash to meet exigencies.
According to the NCDC, 415 cases of the UK strain of coronavirus were found in genomes sequenced in Delhi, followed by 23 cases of the South African strain.
Hiring activity in the country, which was hit by the second COVID wave, bounced back with a 15 per cent growth in June compared to May, according to a report. The activity was led by the IT-software/software services sector. The latest Naukri JobSpeak report on Thursday said that India's hiring trends grew 15 per cent in June with 2,359 job postings from 2,047 in May.
Amid a scare about the spread of the Omicron variant, Delhi recorded 331 fresh coronavirus cases on Monday, the highest single-day rise since June 9, and one death in the past 24 hours, while the positivity rate mounted to 0.68 per cent, according to data shared by the city health department.
Our new cities need to be dense and walkable
India's reproduction value, which reflects how rapidly the coronavirus pandemic is spreading, has remained below 1 since September, suggesting that the infection rate is declining, according to a study.
The new order will impact cities like Nagpur, Thane and Pune as they had seen more relaxations than Mumbai, which continued to be under 'level 3' restrictions, despite qualifying for 'level 1' where all curbs are allowed to be lifted.
In an emotional address, Zelenskyy invoked Britain's war-time Prime Minister Winston Churchill's words, promising to fight Russian troops in the air, sea and on the streets.
Over 630 rockets were fired at Israel from Monday evening through Tuesday afternoon, 200 of which were intercepted by Iron Dome missile defence batteries while 150 others fell short of their targets and landed inside the Strip, according to the army.
The Asian Development Bank (ADB) on Monday said it has approved a loan of $125 million (around Rs 938 crore) for water supply and sanitation projects in Uttarakhand. The funds will be utilised to improve access to quality water supply and sanitation services in the Himalayan state, ADB said in a release. Under this project, 136 kilometres of water pipe system will be constructed to replace defective water networks in South Dehradun. This will ensure reliable and continuous water supply, benefitting an estimated 40,000 people, including 4,000 urban poor and vulnerable groups.
SpiceHealth had on January 6 and January 7 tested 469 passengers who arrived on two charter flights from Italian capital Rome and found 298 of them to be COVID-19-positive.
Automaker Citroen on Wednesday said it has commenced home deliveries of C5 Aircross SUV, its first model in the Indian market. The company, which is a part of Stellantis group formed by the merger of two global auto majors FCA and Groupe PSA, is taking online bookings for the model and then directly delivering the SUV to customers from its Tiruvallur-based (near Chennai) manufacturing plant. It is the first of its kind sales initiative in the country. Citroen currently has showrooms across ten cities in the country, including Bengaluru, Ahmedabad, Chennai, Mumbai, Pune, Hyderabad, Kolkata, Delhi, Kochi, and Gurugram. For customers outside these cities, it has launched a 100 per cent direct online buying for its flagship model.
India's largest carrier IndiGo will cut 20 per cent of its flights due to lower demand as a rapidly spreading coronavirus upends the recovery of air travel. The airline was operating around 1,200 flights as on Saturday. Other airlines are being forced to cancel flights as states tighten restrictions to combat the spread of the virus, and people are dropping last-minute travel plans. Airlines carried 2,518 passengers on 260,251 flights on Saturday, compared to 2,794 passengers on 358,856 flights the day before.
On her 72nd birthday on September 18, Sukanya Verma gives three cheers to the legend and lists 20 of her stellar performances.
Industry players credit Sebi's first woman chairperson with putting special emphasis on cyber security, use of tech and data, areas where Sebi is trying to 'stay ahead of the curve'.
The Delhi Metro Rail Corporation (DMRC) authorities on Sunday reiterated that stations located in containment zones, as per the status on the day of journey, will remain closed.
'We are not organising any large celebrations on New Year's Eve to avoid last-minute changes in guidelines.'
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.
The reopening of schools and colleges has sparked a crisis in the edtech sector with falling valuations, slowing funding rounds and faltering investor sentiment. In a totally altered, post-pandemic landscape where students are back at school and colleges, companies are scrambling to revert to bricks-and-mortar tuition centres and adopting a hybrid model of offline and online education. Demand for online tuition has fallen, affecting the revenue of edtech companies in recent months. After two years of booming revenues, some experts say the sector is looking at a possible meltdown.
Skies over Delhi hung heavy with smoke and its air quality inched towards "severe" category on Diwali night as people burst firecrackers in a blatant disregard to the government's ban against it, imposed amid an increase in the contribution from farm fires.
At least 70 houses and shops of the Hindus were torched in attacks at Pirganj following Mandal's Facebook post on October 17.
Uber Technologies said it is doing a fresh round of recruitment for its India tech centres and is planning to hire 500 more tech employees by December. The app-based mobility and delivery company has a 1,000-member tech team across its centres in Hyderabad and Bengaluru. The firm said the hiring plan is a testament to Uber's commitment to India, and its recognition of the engineering talent in the country. Uber hired 250 engineers to its India teams in 2021.
India, along with 12 other United Nations Security Council members, abstained on a resolution by Russia on the humanitarian crisis in Ukraine.
The COVID-19 facility, which will be 1,700 feet long and 700 feet wide, will have 200 enclosures with 50 beds each.
Maruti Suzuki India (MSI) plans to drive in CNG trims across its product range as it remains bullish over long-term prospects of the segment amid increase in fuel prices and drop in diesel car sales, according to a senior company official. The company, which sold around 1.62 lakh CNG cars last fiscal year, is also counting on the rapid expansion of CNG dispensing outlets across the country to bring in more CNG products. Bullish on the expansion of the sales network, the automaker expects its CNG car sales to almost double this fiscal year over 2020-21.
Local trains will be allowed to operate with 50 per cent capacity till 7 pm, while all shopping malls and markets will be allowed to remain open till 10 pm but with half their capacities, he said.
A yellow-sari daintily clad Indrani was beaming broadly and it seemed like for the first time, for her, Rahul had done something right. Vaihayasi Pande Daniel reports from the Sheena Bora Murder Trial.
The rainfall in July was minus seven per cent which comes to around 93 per cent of the Long Period Average, IMD Director General Mrutyunjay Mohapatra said.
Tech is also being used to stem resignations, which have recorded a rise amid COVID-19.
It also advised testing on demand for 'all individuals undertaking travel to countries or Indian states mandating a negative COVID-19 test at the point of entry'.
Experts emphasise on the need to curb the spread of the novel coronavirus using strategic and pragmatic approaches in villages as well as Tier 2 and Tier 3 cities and towns, which are reporting increased COVID-19 infections and deaths during the ongoing second wave of COVID-19 pandemic.
According to official sources, there was stone pelting when the body of the deceased Harsha was being taken from District McGann Hospital in Shivamogga.
A special aircraft of the Indian Air Force was sent on Saturday to bring back the Indian diplomats, officials and other staff members including a group of Indo-Tibetan Border Police personnel.
'We have tried to get in touch with the embassy as well as the Ministry of External Affairs. We have not heard from them yet but I am confident that the government must be putting efforts for our safe and quick evacuationfrom Kabul'
The positivity rate dipped to 0.12 per cent.
Wang said that the situation in Ukraine has changed rapidly and that China laments the outbreak of the conflict between Ukraine and Russia and is 'extremely concerned' with the harm to civilians, China's state-run Xinhua news agency reported.
Since 2012, 44 Indians have been anointed as grandmasters -- the highest achievement in chess, points out Arvind Subramanian, economist and former chief economic adviser to the government.
The duo spent almost $400 million in 2018 on rapid expansion as well as discounting to gain new customers, and Uber Eats has managed to edge out Foodpanda by 2 million orders.
Police said there was stone-pelting and some vehicles were also torched during the clashes between two communities Saturday evening.
The purchase or construction of houses by large numbers of people can add meaningfully to India's economic growth, points out Neelkanth Mishra.
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