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Covid-19 surge makes corporate India nervous about Q1

Covid-19 surge makes corporate India nervous about Q1

Rediff.com16 hours ago

Since April, India has seen multiple strains of the coronanavirus sweep the nation, upending life and businesses alike. Out-of-home retail and discretionary categories such as durables, auto, fashion, lifestyle, hospitality, food services, travel, and tourism have been the worst-hit as Covid cases remain high, leaving state governments with no option but to curtail mobility and economic activity.

50 employees of Bharat Biotech test Covid positive

50 employees of Bharat Biotech test Covid positive

Rediff.com16 hours ago

Bharat Biotech's Joint Managing Director Suchitra Ella's tweet saying 50 of their employees tested positive for COVID-19 received bouquets and brickbats from netizens, with some saying Covaxin was saving lives while a few questioned as to why the staff were not vaccinated.

Meet Bhopal's Auto Ambulance Hero

Meet Bhopal's Auto Ambulance Hero

Rediff.com16 hours ago

Javed Khan has been operating an auto ambulance in Madhya Pradesh's capital city since a month.

Tauktae, season's first cyclone, forms over Arabian Sea

Tauktae, season's first cyclone, forms over Arabian Sea

Rediff.com16 hours ago

The intensity of rainfall is likely to increase with the likelihood of very heavy falls at a few places and extremely heavy falls at isolated places on May 15, reports Sanjeeb Mukherjee.

Eid Recipe: Mutton Kheema Pattice

Eid Recipe: Mutton Kheema Pattice

Rediff.com17 hours ago

A delightful way to begin your Eid celebration.

I was scared: Saha on battle with COVID

I was scared: Saha on battle with COVID

Rediff.com17 hours ago

'A virus that has brought the Earth to a standstill, after being infected by it, I was bound to feel scared.'

India remain World No 1 in Tests

India remain World No 1 in Tests

Rediff.com17 hours ago

ICC World Test Championship finalists India and New Zealand remain the top two teams in the MRF Tyres ICC men's Test team rankings after the annual update on Thursday.

India logs 3.62 lakh new Covid cases; 4,120 new deaths

India logs 3.62 lakh new Covid cases; 4,120 new deaths

Rediff.com17 hours ago

The active cases have increased to 37,10,525 comprising 15.65 per cent of the total infections.

Bollywood celebrates Eid through its movies!

Bollywood celebrates Eid through its movies!

Rediff.com18 hours ago

Eid-ul-Fitr has been celebrated in a big way in Hindi films.

Uttam's Take: Kahan Gaye Vaccines, Modiji?

Uttam's Take: Kahan Gaye Vaccines, Modiji?

Rediff.com18 hours ago

Uttam Ghosh offers his take on India's Vaccine Crisis.

The No Masks Music Concert

The No Masks Music Concert

Rediff.com18 hours ago

Thousands gathered at the 'COVID trial' music festival in Liverpool.

Jadeja starts prep for WTC final

Jadeja starts prep for WTC final

Rediff.com18 hours ago

'Preparation starts here #englandtour #workout'.

Australia skipper Paine backs Smith to regain Test captaincy

Australia skipper Paine backs Smith to regain Test captaincy

Rediff.com19 hours ago

Australia skipper Tim Paine has thrown his support behind Steve Smith replacing him as captain of the Test team when the time comes for a leadership change.

EPL: Chelsea's top-four hopes hit by loss to Arsenal

EPL: Chelsea's top-four hopes hit by loss to Arsenal

Rediff.com19 hours ago

Chelsea slipped up in their push for a Champions League spot when they lost 1-0 at home to Arsenal in the Premier League on Wednesday with Emile Smith Rowe's first-half goal settling the London derby after a defensive mix-up by the hosts.

IndiGo plans to raise funds as 2nd coronavirus wave hits travel

IndiGo plans to raise funds as 2nd coronavirus wave hits travel

Rediff.com21 hours ago

IndiGo, India's largest airline, is in talks to raise fresh funds as a second wave of pandemic has led to collapse in travel demand. The airline may look to raise Rs 3,500-4,000 crore. On Monday, only 97,761 passengers flew. With flyers cancelling bookings, airlines had to put aside flights and operated only 1,306 of them.

Sovereign gold bond to open for subscription on May 17

Sovereign gold bond to open for subscription on May 17

Rediff.com21 hours ago

The first tranche of Sovereign Gold Bonds 2021-22 will be open for subscription for five days from Monday, the finance ministry said in a statement. The bonds will be issued in six tranches from May 2021 to September 2021, it said on Wednesday. The subscription period for 2021-22 Series I will be May 17-21, and bonds will be issued on May 25.

Why Olympics-bound fencer wanted to skip qualifiers

Why Olympics-bound fencer wanted to skip qualifiers

Rediff.com1 days ago

Bhavani said she wanted to skip the qualifying tournament in March but her mother prodded her from hospital bed to compete in the event.

Factory output climbs 22.4% in March; inflation slips to 4.29% in April

Factory output climbs 22.4% in March; inflation slips to 4.29% in April

Rediff.com1 days ago

India's factory output climbed 22.4 per cent in March, benefiting from the base effect of the lockdown-marred month a year back as well as a turnaround in the manufacturing sector, while retail inflation slipped to a three-month low of 4.29 per cent in April. The high positive annual growth in the index of industrial production (IIP) in March 2021 came on back of a contraction of (-)0.9 per cent and (-)3.4 per cent in January and February 2021 respectively, according to the data released by the National Statistical Office (NSO) on Wednesday. This turnaround was led by recovery in the mining, manufacturing and electricity sectors.

Champions League final will be held in Porto instead of Istanbul

Champions League final will be held in Porto instead of Istanbul

Rediff.com1 days ago

UEFA has moved this month's Champions League final between Manchester City and Chelsea to Porto from Istanbul

Anupam says govt responsible for worsening situation in India

Anupam says govt responsible for worsening situation in India

Rediff.com1 days ago

Asked if the efforts of the government should have been more in providing relief right now than managing their own image and perception, the National Award-winning actor said it is important for the government to rise to the occasion and do things for the people who elected them.

Test Rankings: Ashwin holds on to his 2nd spot; Career-best positions for 3 Pak players

Test Rankings: Ashwin holds on to his 2nd spot; Career-best positions for 3 Pak players

Rediff.com1 days ago

R Ashwin is the only Indian bowler to feature in the top ten ICC rankings in the Test format

Samsung's Harman starts 5G testing lab in India

Samsung's Harman starts 5G testing lab in India

Rediff.com1 days ago

Samsung's connected technology solutions provider Harman on Wednesday said it has started a 5G testing lab in India to help companies test their devices for operating them on the next generation network. The company said its 5G lab enables a holistic, device-to-cloud performance analysis -- enabling chipset conformance testing, pre-certification testing, network operator approval testing, application performance verification and more. Harman Digital Transformation Services (DTS) senior vice president David Owens said advances in technologies like 5G yield significant opportunity to accelerate innovation across nearly every industry -- from healthcare and manufacturing, transportation to consumer device support.

Global chip shortage may persist till Q2 of 2022: Gartner

Global chip shortage may persist till Q2 of 2022: Gartner

Rediff.com1 days ago

The shortage of semiconductors globally is expected to persist through 2021 and recover to normal levels by the second quarter of 2022, which will constrain the production of many electronic equipment types this year, according to research firm Gartner. Semiconductors play a crucial role in everything, right from computers to appliances, communication devices, transportation systems to critical infrastructure. The breakout of the COVID-19 pandemic had temporarily disrupted semiconductor shipments.

Olympics gold medalist opens up about mental health

Olympics gold medalist opens up about mental health

Rediff.com1 days ago

Bindra said he wanted to quit shooting after 2008 gold winning feat.

Serena Williams shocked in 1,000th match

Serena Williams shocked in 1,000th match

Rediff.com1 days ago

Defeat for Williams was a major blow to her preparations for the French Open

Maha suspends Covid inoculation of 18-44 age group

Maha suspends Covid inoculation of 18-44 age group

Rediff.com1 days ago

"There is no sufficient supply of vaccine vials by the Centre for inoculation of above-45 age group people. Hence, the state cabinet decided to divert the stock, purchased for the 18-44 age group, for the above-45 age group," Health Minister Rajesh Tope said.

McGregor tops Forbes' highest-paid athletes list

McGregor tops Forbes' highest-paid athletes list

Rediff.com1 days ago

McGregor earned $180 million, a figure which includes $158 million from endorsements

Bhima Koregaon case: SC refuses bail to Gautam Navlakha

Bhima Koregaon case: SC refuses bail to Gautam Navlakha

Rediff.com1 days ago

The FIR against him was re-registered in January 2020, and Navlakha had surrendered before the NIA on April 14, last year. According to the prosecution, some activists allegedly made inflammatory speeches and provocative statements at the Elgar Parishad meet in Pune on December 31, 2017, which triggered violence at Koregaon Bhima in the district the next day.

Forex reserves surge by $32.29 bn in six months: RBI

Forex reserves surge by $32.29 bn in six months: RBI

Rediff.com1 days ago

The country's foreign exchange reserves surged to $576.98 billion as on March 31, 2021 from $544.69 billion at September-end last year, an RBI report said. Foreign currency assets (FCA), a major component of the overall reserves, increased to $536.693 billion as at March-end 2021 from $502.162 billion, the report noted. On balance of payments basis (excluding valuation changes), foreign exchange reserves increased by $83.9 billion during April-December 2020 as compared with $40.7 billion in the year-ago period, it said.

Religious, political events accelerated COVID in India: WHO

Religious, political events accelerated COVID in India: WHO

Rediff.com1 days ago

"A recent risk assessment of the situation in India conducted by WHO found that resurgence and acceleration of COVID-19 transmission in India had several potential contributing factors, including increase in the proportion of cases of SARS-CoV-2 variants with potentially increased transmissibility; several religious and political mass gathering events which increased social mixing; and, under use of and reduced adherence to public health and social measures. The exact contributions of these each of these factors on increased transmission in India are not well understood," it said.

Job postings dip 3% sequentially in April as 2nd COVID wave hits India

Job postings dip 3% sequentially in April as 2nd COVID wave hits India

Rediff.com1 days ago

Job postings activity in April witnessed 3 per cent decline sequentially as the country is hit with the second wave of the pandemic leading to lockdowns, according to a report. The data indicates that the employment index saw a decline in job posting activity in April compared to March, by 3 per cent, according to the Monster Employment Index. The overall job postings also witnessed a decline of 4 per cent year-on-year as of April 2021, compared to April 2020.

Former India pacer RP Singh's father dies of COVID

Former India pacer RP Singh's father dies of COVID

Rediff.com1 days ago

Former India pacer RP Singh lost his father on Wednesday in a Lucknow hospital due to Covid-19.

India can have 40 mn 5G users in 1st year: Ericsson

India can have 40 mn 5G users in 1st year: Ericsson

Rediff.com1 days ago

India can potentially have 40 million 5G users in the first year when the next-generation service is made available to them, a report released by telecom company Ericsson said on Wednesday. According to Ericsson ConsumerLab report, consumers have shown willingness to pay 50 per cent more for 5G plans bundled with digital services while they want to pay only 10 per cent more for just 5G connectivity. The data collected from 26 countries in December 2020 for the report shows that consumers across several markets are willing to pay 20-30 per cent more on an average for 5G plans bundled with digital service use cases.

Playing IPL will be difficult: Ben Stokes

Playing IPL will be difficult: Ben Stokes

Rediff.com1 days ago

Ben Stokes is confident that he will be back for the next edition.

India focussed offshore funds, ETFs see $376 mn outflow in Q4

India focussed offshore funds, ETFs see $376 mn outflow in Q4

Rediff.com1 days ago

India-focused offshore funds and exchange-traded funds (ETFs) witnessed a net outflow of $376 million in three months ended March 2021, making it the twelfth consecutive quarter of withdrawal, according to a Morningstar report released on Wednesday. This was markedly lower than the net outflows of $986 million registered during the quarter ended December 2020. India-focused offshore funds and ETFs are some of the prominent investment vehicles through which foreign investors invest in Indian equity markets.

India fastest to administer 17 cr Covid vaccine doses

India fastest to administer 17 cr Covid vaccine doses

Rediff.com1 days ago

"Vaccination is our big weapon in the fight against COVID-19," he said. He added that India is the fastest country globally to reach the landmark of 17 crore doses in 114 days and thanked all the states and UTs for their contribution in achieving this feat.

FMCG industry record 9.4% growth in Jan-March

FMCG industry record 9.4% growth in Jan-March

Rediff.com1 days ago

The Indian FMCG industry has recorded a 9.4 per cent growth in the January-March quarter of 2021, helped by a consumption-led growth and value growth by increased prices of products, especially of staples, said data analytics firm Nielsen. The rural market continued to perform with strong growth of 14.6 per cent during the period and the metro markets have registered a positive growth after two quarters. Fast Moving Consumer Goods (FMCG) industry sales growth from the traditional trade channels jumped to double digits, while growth in e-commerce normalised down to single digits in the January-March quarter.

OYO to start 4-day work week: Ritesh Agarwal

OYO to start 4-day work week: Ritesh Agarwal

Rediff.com1 days ago

Hospitality firm OYO will be shifting to a 4-day work week, OYO founder and group CEO Ritesh Agarwal said in a tweet on Wednesday, as the company also launched a no questions asked flexible infinite paid leaves initiative. Agarwal in a tweet noted that COVID-19 continues to test the physical and mental well-being of people. One thing that truly matters is having more time for our loved ones and ourselves.

Workers sue BAPS in US over alleged forced labour, wage law violations

Workers sue BAPS in US over alleged forced labour, wage law violations

Rediff.com1 days ago

A group of Indian workers in the US have filed a lawsuit in a district court against the Swaminarayan sect BAPS, accusing it of human trafficking and wage law violations during the construction of a massive temple in New Jersey.

Suspend Central Vista, fight pandemic: Oppn to PM

Suspend Central Vista, fight pandemic: Oppn to PM

Rediff.com1 days ago

In a joint letter to the prime minister, the opposition leaders, including some chief ministers, have also demanded providing foodgrains to the needy, and giving Rs 6,000 per month to the unemployed.

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