We have not suffered such huge price shocks across so many basic commodities, at the same time, in decades. Has the inflationary impact of all this been factored into stock prices as yet, asks Debashis Basu.
The study, which was conducted on more than 100 healthcare workers at three centres in India including Sir Ganga Ram Hospital, found that the B.1.617.2 Delta variant not only dominates vaccine-breakthrough infections with higher respiratory viral loads compared to non-Delta infections (Ct value of 16.5 versus 19) but also generates greater transmission among the fully vaccinated HCWs.
Fitch Ratings has revised India's GDP forecast to minus 9.4 per cent in the current fiscal year from a previously projected contraction of 10.5 per cent after the economy staged a sharper rebound in the second quarter. In its Global Economic Outlook, Fitch said the coronavirus-induced recession inflicted severe economic scarring and the country needs to repair balance sheets and increase caution about long-term planning. "We now expect GDP to contract 9.4 per cent in the fiscal year to end March 2021 (plus 1.1 percentage point) followed by plus 11 per cent growth (unchanged) and plus 6.3 per cent growth in the following years," the rating agency said.
Presenting some of the coolest health and well-being devices we spotted at the ongoing Consumer Electronics Show in Las Vegas, US.
'India in 2020 is a lot better prepared than in 1962.' 'It is no longer a pushover; and anything other than a crushing Chinese military victory will be a major loss of face for China,' observes Rajeev Srinivasan in the first of a three part column.
'Hindus bathe with lakhs of people, but these Hindutvawadis were standing alone in the Ganges. Even Rajnath Singh and Yogi Adityanath did not find a place'
'One thing we have learnt is that a pandemic can be arrested at any stage.' 'Not suddenly, of course, but slowly with steady unwavering focus.'
"He told me his (retirement) papers were through and he would return home in a weeks time and asked me to go ahead with the house warming ceremony on June 3 which I did," she said.
After Indonesia and South Korea on Friday joined Thailand, Australia, Chinese Taipei and Algeria in pulling out due to the dreaded disease
In a bid to stem the spread of the contagion, the authorities in Beijing have conducted the nucleic acid test on 29,386 people who had visited the Xinfadi wholesale market since May 30, Gao Xiaojun, spokesman for the Beijing Health Commission, said on Monday. The market became a hotspot after it reported several new COVID-19 cases. Out of all the samples, 12,973 came negative and the rest are awaiting results, Gao told the media.
While most economies contracted in the second quarter of 2020, the Chinese economy grew by 3.2 per cent.
Indian rupee is likely to test 76-76.50 levels as a relatively strong greenback, boiling crude prices and COVID headwinds deepen the depreciation bias for the domestic currency, according to experts. One of the significantly-hit Asian currency in recent months amid uncertain economic times, rupee is expected to see a consolidation in the vicinity of the current level before being pulled towards the depreciation bias. While the equity market has been surging with occasional blips, the rupee has mostly been weak against the US dollar in recent months.
Gen Rawat carried out an aerial recce of certain areas and was briefed about key aspects of the security matrix in the region by senior military commanders.
Following the cancellation, the Korea Open in Seoul is the only event left in Asia on WTA's provisional calendar for 2020.
These images prove we live in a mad, mad world.
Images for Sunday's closing ceremony at the Tokyo Olympics.
Much depends on the BJP's electoral performance in next year's assembly elections. If the party fares well in UP and some states like Goa and Gujarat, it will be able to fob off the attempt at a reappraisal of its Hindutva doctrine, observes Amulya Ganguli.
Trump was good for world peace. He didn't start a war anywhere, which is not something that can be said for most of his predecessors, observes Ambassador M K Bhadrakumar.
The Chinese foreign ministry said on Tuesday that majority of the imported cases are the Chinese nationals returning from abroad.
A summary of Wednesday's action at the US Open on Day 3.
He was hailed as the next big thing when he shocked five-time world and two-time Olympic champion, Lin Dan in the final of China Open Super Series Premier event, a performance that also held out promise of a medal at the Rio Olympics.
'Supplies should start moving to the Serum Institute without any impediments.'
At the end of October, Sri Lanka President Maithripala Sirisena handed over the deeds for the transfer of 116 hectares in Colombo Port City to China Harbour Engineering Company on a 99-year lease to build a financial centre.
Fitch Ratings on Thursday said the resurgence of COVID-19 infections may delay India's economic recovery, but won't derail it, as it kept the sovereign rating unchanged at 'BBB-' with a negative outlook. It projected a 12.8 per cent recovery in GDP in the fiscal year ending March 2022 (FY22), moderating to 5.8 per cent in FY23, from an estimated contraction of 7.5 per cent in 2020-21. Fitch had in June last year revised outlook for India to 'negative' from 'stable' on grounds that the coronavirus pandemic had significantly weakened the country's growth outlook and exposed the challenges associated with a high public debt burden.
At present, Indian indices are under-performing as compared to others and a package from the government can help cover the ground.
Foreign Direct Investment into India rose by 13 per cent in 2020, boosted by interest in the digital sector, and while fund flows "declined most strongly" in major economies such as the UK, the US and Russia due to the Covid-19 pandemic, India and China "bucked the trend", the UN has said.
Modi was seen drumming his fingers rhythmically while Xi keenly watched the show.
Gold demand appears to be positive in India as the consumer sentiment is likely to recover in 2021, from its dismal performance due to the coronavirus pandemic-related disruptions and volatile price movement, according to a report by the World Gold Council (WGC). Initial data about the Dhanteras festival in November suggest that while jewellery demand was still below average, it had substantially recovered from the lows seen in the second quarter (April-June 2020) of last year, according to the report.
Thousands of Chinese fans lined the streets on Friday to greet David Beckham and the Spanish champions.
Tamil star Suriya's 7aum Arivu was about a virus from China sent to Chennai to wreak havoc while Kaappan was about a locust attack the hero prevents in time -- both films in a sense foresaw what was to come, observes N Sathiya Moorthy.
It is our only chance of avoiding a repeat of our catastrophic second wave, asserts Naushad Forbes.
The market price action seems to point in this direction. Let's hope we finally break out. It is about time! asserts Akash Prakash.
India's e-commerce market is poised to grow by 84 per cent to $111 billion by 2024 on the back of accelerated adoption of digital technologies amid the COVID-19 pandemic, a report by fintech firm FIS said on Wednesday. The report noted that countries, including India, have seen a shift in consumer behaviour caused by COVID-19, and new payment trends are shown to be on the rise. FIS, in its 2021 Global Payments Report, examined current and future payment trends across 41 countries. India's e-commerce market is projected to grow by 84 per cent between now and 2024 to about $111 billion (from about $60 billion in 2020) driven by mobile shopping, which is projected to grow 21 per cent annually over the next four years, the report said.
The annual meet also saw some shareholders of the country's second largest IT services company raising concerns over falling operating margins. But many congratulated the management for delivering good FY20 performance despite the tough economic conditions.
'Markets are not prepared for a slowdown as the current expectation is of the continuation in earnings momentum.'
'The growth drivers are mostly invisible, but the growth is undeniable at least for now,' notes Debashis Basu.
The boats, two from China's southern Guangdong Province, were lost on Sunday as they attempted to navigate gales near the disputed islands called Xisha by China and Paracel by Vietnam Islands about 330 km from China's island province of Hainan, Chinese officials in Hainan said.
These 10 images below it's a mad, mad world.
Reliance Industries Ltd (RIL) was the star performer in Friday's session, spurting over 6 per cent to its all-time high, Other Sensex gainers included Bajaj Finance, PowerGrid, ICICI Bank, Maruti, Axis Bank and SBI. On the other hand, IndusInd Bank, HCL Tech, ITC, M&M HDFC and Infosys shed up to 2.94 per cent.
'In India, there's currently evidence the Centre has not managed a smooth vaccine rollout.' 'It is now falling back on blaming states, which are facing vaccine shortages,' points out Devangshu Datta.
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