XE, the latest mutant of Omicron may be more transmissible than the previous ones, the World Health Organization has said.
The retail industry witnessed robust top-line growth for the greater part of the previous financial year, but demand has started to show signs of fatigue seen in the January-March quarter (fourth quarter, or Q4) of 2022-23 (FY23), especially in the apparel and innerwear segments. Jewellery, however, has managed to hold on to demand in the quarter. "In the discretionary space, demand moderation in urban markets is expected to impact the quick-service restaurant and apparel categories the most, while paint, luggage, and jewellery should see resilient growth," Systematic Institutional Equities observed in its preview of the sector.
CoWIN platform chief Dr R S Sharma said: "We've added an additional (10th) ID card for registration - the student ID card because some might not have Aadhaar or other identity cards."
New Zealand Cricket has tweaked its home fixture to reduce travel to minimise risk of COVID-19 infection.
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.
In case the test is negative, the passenger will still have to undergo seven-day home quarantine.
Investors have lost a hefty Rs 11,45,267.43 crore in two days as the domestic equity market continued to face severe drubbing amid a global selloff. The BSE benchmark Sensex plunged 1,189.73 points or 2.09 per cent to close at 55,822.01 on Monday. During the day, it tanked 1,879.06 points to 55,132.68.
Former South Africa batting all-rounder Farhan Behardien is hoping that the new COVID-19 variant, which is causing alarm here, will not jeopardise India's tour of the country next month as young cricketers of his nation need the series "more than ever".
Foreign portfolio investors (FPIs) have pulled out Rs 17,696 crore from the Indian markets in December so far amid uncertainty due to a new coronavirus strain, Omicron, and expectations of faster tapering by the US Federal Reserve. According to the depositories data, FPIs took out Rs 13,470 crore from equities, Rs 4,066 crore from the debt segment and Rs 160 crore from hybrid instruments between December 1-17. In November, FPIs were net sellers to the tune of Rs 2,521 crore in Indian markets.
Currently, Covishield and other COVID vaccines are approved for people above the age of 18 years.
Beijing's health officials on Monday announced 29 fresh cases taking the total cases to 70 in the city.
Stressing on the need to protect both lives and livelihoods, he said public health action in India and across the world must be continually guided by evidence from four key questions -- how transmissible is the variant, severity of the disease it causes, how well vaccines and prior SARS-CoV-2 infection protect and how common people perceive risk and follow control measures.
The sources said 39 international passengers were found positive for COVID-19 out of the 6,000 tested on arrival in the last two days.
4,033 cases of the Omicron variant reported across 27 states and union territories so far
There is no immediate need for imposing lockdown or additional restrictions in Mumbai as the bed occupancy rate, oxygen requirement and number of Covid-19 deaths are low, municipal commissioner Iqbal Chahal said on Friday.
It was on January 30, 2020 when a third-year medical student from Wuhan university tested positive for coronavirus, becoming the country's first COVID-19 patient, days after she had returned home following semester holidays.
The Reserve Bank of India on Wednesday kept the benchmark interest rate unchanged at 4 per cent and decided to continue with its accommodative stance against the backdrop of concerns over the emergence of the new coronavirus variant Omicron.
British Prime Minister Boris Johnson on Wednesday announced his government's decision to lift all the additional restrictions imposed to contain the spread of Omicron, including the mandatory wearing of face masks anywhere, from next Thursday after analysis showed that the new variant of Covid-19 has now most likely peaked in the country.
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.
The Centre said the upsurge of COVID-19 cases is happening in cities and the Omicron variant is the predominant circulating strain.
The US health authorities registered more than three times as many new cases as in any previous wave of the coronavirus.
The third wave of the COVID-19 pandemic in India may peak by February 3, 2022, claims a modelling study by researchers at Indian Institute of Technology Kanpur.
"We cut short the Assembly session recently. So far, over 10 ministers and over 20 MLAs have tested positive for coronavirus. Everybody wants to be part of the celebrations of New Year, birthdays and other occasions. Keep in mind that the new variant (Omicron) spreads fast and hence caution is needed," he said.
China's Zero-COVID-19 case policy is increasingly coming under stress as the country is reporting a spike in the number of coronavirus infections from different provinces ahead of the Beijing Winter Olympic Games with over 2,500 people undergoing treatment.
The committee acknowledged that the COVID-19 pandemic may be approaching an "inflexion point".
Of the 3,071 cases of Omicron variant, 1,203 have recovered or migrated, according to the data updated by the ministry at 8 am.
The move is aimed at dealing with any possible emergency situation on account of a spurt in coronavirus cases.
Delhi's R-value, which indicates the spread of COVID-19, was recorded at 2.1 this week, implying that every infected person is infecting two others in the national capital, according to an analysis by IIT-Madras.
Amid growing concerns of surging COVID-19 cases, the US has announced that it will waive the in-person interview requirement for a range of visa applicants during the entire year in 2022, including for H-1B workers and students, many of whom are from India. The H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise. Technology companies depend on it to hire tens of thousands of employees each year from countries like India and China.
Rating agency Fitch on Tuesday slashed India's growth forecast for the next fiscal to 8.5 per cent from 10.3 per cent, citing sharply high energy prices on account of the Russia-Ukraine war. With the Omicron wave subsiding quickly, containment measures have been scaled back, setting the stage for a pick-up in GDP growth momentum in the June quarter this year, the agency said. It has revised upwards the GDP growth forecast for the current fiscal by 0.6 percentage points to 8.7 per cent.
Benchmark indices Sensex and Nifty retreated from over one-week highs to close lower on Wednesday due to profit booking in banking, IT and metal stocks amid weak global trends. After a two-day rally, the 30-share BSE Sensex dropped by 90.99 points or 0.16 per cent to settle at 57,806.49 in volatile trade. As many as 19 of its constituents declined while 11 advanced. The broader Nifty slipped by 19.65 points or 0.11 per cent to close at 17,213.60 with 31 of its stocks ending in the red.
According to the people aware of the matter, there are currently 10 different variants of COVID-19 in the country, with the latest being BF.7.
The meeting comes amid rising global concerns over a new strain of the coronavirus which the World Health Organisation has named 'Omicron' and classified as a highly transmissible virus of concern.
The government of Maharashtra on Thursday revised its guidelines for passengers arriving in the state.
The patients were being administered paracetamol, and not Remdesivir drug, which was used for patients in the first and second COVID-19 waves, they said.
Deputy Chief Minister Manish Sisodia also announced that during weekdays, government employees, barring those engaged in essential services, will be asked to work from home, while private offices will remain open with 50 percent capacity.
Sana Ganguly's positive test for the novel coronavirus comes days after Sourav Ganguly returned home from the hospital after testing positive for COVID-19.
From the pandemic shocks to state polls to global trends, a raft of sentiment drivers are expected to steer the Indian stock market in 2022 after a historic year of massive investor returns and milestones. The Union Budget, which will be closely watched for further reform moves, and quarterly earnings of corporates will be among the developments on investors' radar amid global central banks moving towards tighter interest regime in the wake of inflationary pressures. The year 2021 was rewarding in a big way for equity investors.
Making citizens queue to vote just when the disease is declining, but is still in the air, could just cause a fresh spurt. The logic for this scheduling is inexplicable, especially since the entire process could so easily have been pushed back by three weeks, argues David Devadas.
The active cases have increased to 21,13,365, the highest in 237 days, while the death toll has climbed to 4,88,884 with 488 fresh fatalities, the data updated at 8 am stated.
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