Tata Motors on Wednesday said it has expanded the Tiago range with the launch of a new sporty trim, Tiago NRG, with price starting at Rs 6.57 lakh (ex-showroom Delhi). The new sporty version of the hatchback comes with high ground clearance, bigger tyres, body cladding and roof rails to give it a SUV look. The Tiago NRG is powered by 1.2 litre petrol powertrain (86 PS power) which comes mated to five speed manual and AMT (automated manual transmission) transmission. The model has a four star safety rating by Global NCAP.
According to the Korean Central News Agency (KCNA), top officials, including the country's leader Kim Jong Un, held a crisis politburo meeting to discuss the outbreak and announced they would implement a 'maximum emergency' virus control system.
There is hesitancy to impose lockdown and strategic containment measures for reducing transmission intensity even as the small coastal state is contributing to over three-fourth of the new daily COVID-19 cases in the country, a government source said.
In a tightening cycle, a premature pause in monetary policy action would be a costly policy error, Reserve Bank Governor Shaktikanta Das opined while voting along with five other members of the MPC for raising the key lending rate by 35 basis points earlier this month, according to the minutes of the meeting released on Wednesday. Prior to the December hike in repo rate, the RBI had raised the key short-term lending rate by 190 bps in four tranche.
He urged people not to panic and clarified that there was no change in the guidelines for international air travel so far.
African swine fever has been reported from two farms at Mananthavady in Kerala's Wayanad district, officials said on Friday.
The presence of spike protein facilitates a virus' entry into the host cell and is responsible for making it transmissible and causing infection.
Beijing on Wednesday shut down 40 subway stations -- about 10 per cent of the total -- and 158 bus routes metro stations besides schools, restaurants and businesses and ordered daily COVID-19 testing of its 21 million residents as the Chinese capital ramped up measures to prevent the spread of the highly transmissible Omicron variant which has brought the financial hub Shanghai to halt for over a month.
The man had attended a stag party recently in Manali in Himachal Pradesh.
'Since many people are vaccinated, this virus is now concentrating on the throat and the nose and replicating fast and transmitting also very fast.' 'That's because the current vaccines will not be able to fight it when it is in the throat, nose or the mouth.'
The failure of SVB was due to idiosyncratic reasons, but shows how higher rates can expose fault lines in unforeseen places, observes Neelkanth Mishra.
The Omicron variant carries 'concerning' mutations that may make it more transmissible and allow it to evade immunity, scientists said on Monday, stressing that the one certainty in the uncertainty of the many things unknown is this -- COVID is not a short-term crisis and vaccines are still a critical tool.
'Call it by whichever name, but there is transmission happening between people.'
Amid a political furore over a meltdown in the Adani group shares, stock market data shows it is not only the plunge now but the sharp surge of the past also drew regulatory attention and enhanced surveillance. Adani group stocks have taken a huge beating on the bourses, losing billions of dollars in market value, after US-based activist short-seller Hindenburg Research made a litany of allegations, including fraudulent transactions and share price manipulation at the Gautam Adani-led group. The Adani group has dismissed the charges as lies, saying it complies with all laws and disclosure requirements.
'The Akali government is not responsible for the Punjab power crisis as Mr Sidhu is saying.'
Alto, the Maruti brand synonymous with small cars, introduced the new generation K10 on Thursday, aiming to consolidate its position further amid shrinking demand for hatchbacks. With prices starting at Rs 399,000 and going up to Rs 533,500 (for manual transmission), the new model claims fuel efficiency of 24.90 km per litre. The Japanese car maker, which has been selling 100 Altos every hour for the last 22 years, had discontinued the model in February 2020.
So far the government has been silent on the charges being levelled, even after the stock price rout. Perhaps it is hoping for the share price to settle so that the matter goes away, predicts Aakar Patel.
'Only if the Budget springs some surprises we may see a halt in the selling.'
Liquidity in the banking system has slipped into a deficit for the first time in three weeks, prompting banks to borrow the largest quantum of funds from the Reserve Bank of India (RBI) in around a month and a half. The key catalyst for the sudden tightening in liquidity was due to outflows on account of advance tax payments, which occur towards the end of a quarter. Analysts also cited other factors such as a currency leakage and possible interventions by the RBI in the foreign exchange market, which contributed to the tighter liquidity conditions.
'Delta continues to be the dominant lineage for new cases across all parts of India in recent samples and remains the most rapidly rising lineage globally that is responsible for multiple outbreaks, including across Southeast Asia, which shows the fastest growth in new cases globally,' the INSACOG said.
Twitter "took extraordinary steps to suppress" The New York Post's Hunter Biden laptop story, removing links and posting warnings that it may be "unsafe."
The Maharashtra government has invoked the MESMA barring employees of state-run electricity companies from joining the protest.
The Omicron variant of Covid-19 adds new uncertainties to the global economic outlook but much will depend on its speed of transmission, hospitalisation and death rates, and also the effectiveness of vaccines, Moody's Analytics said on Monday. In its commentary titled 'Much to Learn About Omicronast', Moody's Analytics said although the variant appears to spread "remarkably quickly", it will be at least two more weeks before more will be known about this new variant. "The Omicron variant of COVID-19 adds new measures of uncertainty to the outlook for the global economy, although it is too soon to adequately quantify that risk.
The Delta plus variant of COVID-19 has greater affinity to lung tissues as compared to other strains but it does not mean that it will cause severe disease or is more transmissible, head of coronavirus working group National Technical Advisory Group on Immunisation (NTAGI) Dr N K Arora said.
'Considering Mumbai's population density, one can expect to see more positive cases in areas like Dharavi in the days to come.' 'That is the challenge before the public health infrastructure and preparation of the city in dealing with such crises.'
Suburbs like Bandra, Santacruz and Chembur, and pockets in central Mumbai such as Dadar reported the outage for over 15 minutes starting at 2130 hrs.
The bodies of four Indians, who were among 22 people killed in the Tara Air plane crash in Nepal's mountainous Mustang district, were cremated on Thursday at the sacred Pashupatinath temple in Kathmandu.
India Inc is gearing up for a slugfest this year and from tech to paints, new battlegrounds are emerging, observes Indrajit Gupta, co-founder, Founding Fuel.
INSACOG experts are conducting genomic analysis of a coronavirus case reported as that of the highly transmissible XE variant by Mumbai civic officials, though scientific evidence so far does not indicate it to be so, official sources said on Wednesday.
Jeep India, a part of automotive group Stellantis, on Tuesday announced the opening of bookings for its upcoming SUV Meridian, the production of which has also commenced from its joint venture manufacturing facility at Ranjangaon, Maharashtra. Customers can book the Meridian either at Jeep India dealership network or through the company's website with a down payment of Rs 50,000. Deliveries of the vehicle will start in June, it said in a statement.
Jeep India, a part of automotive group Stellantis, on Tuesday announced the opening of bookings for its upcoming SUV Meridian, the production of which has also commenced from its joint venture manufacturing facility at Ranjangaon, Maharashtra. Customers can book the Meridian either at Jeep India dealership network or through the company's website with a down payment of Rs 50,000. Deliveries of the vehicle will start in June, it said in a statement.
That means a manufacturer looking at a market like India needs to decide whether small, cheap cars or small, expensive cars or both will work better for them, says Pavan Lall.
The unexpected interest rate hike by the RBI on Wednesday will have the banking system on average making a 10-15 bps gains on the yields, with private banks making larger gains as 57 per cent of their loans are linked to external benchmark rate and 40 per cent to the marginal cost of lending rates, as per a report. Stating that lenders and borrowers will face volatile times with the Reserve Bank raising the repo rate by 40 bps to 4.40 per cent and the cash reserve ratio (CRR) by 50 bps on May 4 in an off-cycle policy move, India Ratings said the market rates had already been moving higher before the move. The 364-day T-bills have moved up 120 bps and 10-year G-sec by 140 bps since May 2020, when the repo rate was cut to a record 4 per cent, which led to an expectation of a faster and sharper rise in interest rates in the system but the central bank stayed the course to support the fragile economy battered by the pandemic.
India's economic growth is now 'extremely fragile' and needs all the support that it can get, as private consumption and capital investment are yet to pick up, RBI Monetary Policy Committee (MPC) member Jayanth R Varma said on Friday. Varma further said out of the four engines of growth for the economy, exports and government spending supported the Indian economy through the pandemic, but other engines need to pick up the baton now. " I like to think in terms of the four engines of growth for the economy: exports, government spending, capital investment and private consumption. "...while exports cannot be the main driver of growth because of the global slowdown, government spending is necessarily limited by fiscal constraints," he told PTI.
'Antiviral treatment will have no change. Spike protein change may affect the immunity protection.'
Global rating agency Moody's on Monday said the high commodity prices and supply chain disruptions due to further escalation in the Russia-Ukraine crisis could expose about 42 per cent of rated Indian companies to significant risks. They are mainly in the oil and gas and automotive sectors. The impact may be seen under two scenarios: first, revised base line and second being downside economic scenarios incorporating a global recession and a more severe liquidity squeeze, it said. The military conflict between Russia and Ukraine is impacting companies in Asia Pacific, adding to existing challenges from supply chain disruption and the coronavirus pandemic.
The rapid surge in cases during Delhi's fourth COVID-19 wave was mainly driven by the Delta variant, which likely has immune-evasion properties and counted for 60 per cent of the cases in April, according to a new study.
Delhi reported 290 fresh Covid cases on Sunday with a positivity rate of 0.55 per cent, while the number of new cases and the positivity rate rose to 331 and 0.68 per cent respectively on Monday.
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.
In a letter to the states and union territories, Union Health Secretary Rajesh Bhushan advised implementing strategic interventions for containment like imposition of night curfew, strict regulation of large gatherings, curtailing numbers in marriages and funerals besides increasing testing and surveillance.
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