IT firm Cognizant on Friday said it will give employees who are at associate level and below in India and the Philippines, an additional payment of 25 per cent of base pay for April in recognition of their extraordinary continuity-of-service efforts amid the covid-19 outbreak. The move is expected to benefit over 1,30,000 Cognizant employees in India.
India coach Stimac hits out at AIFF.
Closures, travel restrictions, and self-isolation measures due to the coronavirus have cleared public squares, roads, and travel destinations across the globe. Photographers have been capturing the eerie stillness of these public spaces, recently emptied of the crowds they were built for.
Foreign investors have pulled over Rs 6,400 crore from the Indian equity market in the first four trading sessions of the ongoing month when the Reserve Bank of India (RBI) and US Federal Reserve raised interest rates. Given the headwinds in terms of elevated crude prices, inflation, tight monetary policy among others, FPIs' flows in India are expected to remain volatile in the near term, Shrikant Chouhan, Head - Equity Research (Retail), Kotak Securities, said. Foreign Portfolio Investors (FPIs) remained net sellers for seven months to April 2022, withdrawing a massive amount of over Rs 1.65 lakh crore from equities. This was largely on the back of anticipation of a rate hike by the US Federal Reserve and due to the deteriorating geopolitical environment following Russia's invasion of Ukraine.
Meanwhile in the women's event, Padmini Rout and R Vaishali joined compatriot Bhakti Kulkarni in the second round.
Meet the stunning Miss Universe 2018 Catriona Gray.
Deputy director for the People's Liberation Army Office for International Military Cooperation Major General Huang Xueping held a video conference with his US counterpart Michael Chase last week.
The US on Thursday raised concerns over India's Personal Data Protection (PDP) Bill and draft non-personal data governance framework, claiming these could potentially threaten innovation and economic growth. In its latest 'Special 301' Report, the US Trade Representative (USTR) kept India on the priority watch list, maintaining the country remains one of the world's most challenging major economies with respect to protection and enforcement of intellectual property (IP). In December 2021, a joint parliamentary committee released a report recommending changes to the PDP Bill, 2019, that could undermine important IP protections in India.
GMR Group is currently investing Rs 20,000 crore to expand the existing airports and developing new aerodromes, GM Rao, chairman of the infra major has said. "Airport Development and Construction: GMR Group has set benchmarks for development of world class Airport infrastructure... Your company is currently investing approximately Rs 20,000 crore to expand the existing airports and develop new Aairports," he said in the group's latest annual report. GMR's airport business comprises four operating airports - Indira Gandhi International Airport, Delhi, Rajiv Gandhi International Airport, Hyderabad, Bidar Airport at Karnataka and Mactan Cebu International Airport in the Philippines.
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.
China, which has territorial disputes with many countries in the strategic Indo-Pacific region, has been opposing the Quad alliance since its formation.
'Unemployment barely figures in the Budget except as a derived demand from the industry and infrastructure.' 'There is no effort at direct attack on unemployment.'
'Countries around the world are like passengers aboard the same ship. For the ship to navigate the storm and sail toward a bright future, all passengers must pull together'
China and Hong Kong have had to withdraw from this week's Badminton Asia Team Championships in Manila due to the coronavirus outbreak. India will, however, send its men's team after they agreed to travel to Manila.
The trade to-and-from India so far is not affected. But if the situation continues to remain the same for the next two to three months, it could definitely hurt India trade, including essential cargo.
Rajapaksa said China indicated that it would help Sri Lanka, while adding that "usually they don't like" lending out more money to cover earlier debt payments.
Of the 4.10 crore to be shared through COVAX, 1.40 crore will go to Latin America and the Caribbean nations and 1.60 crore to Asia.
India's rupee is likely to remain under pressure due to high prices of crude oil and other commodities, and may stabilise at around 79-80 against the US dollar in the near term, say experts amid limited headroom available with the Reserve Bank to check the weakening of the domestic currency. The currency has slumped over 5 per cent this year after Russia's invasion of Ukraine sent international crude oil prices soaring to a decade high. On Monday, rupee ended at a fresh all-time low of 78.34 (provisional) against the US dollar.
On his second day of the visit, Modi visited the International Rice Research Institute in Los Banos, an urban locality situated at a distance of around 65 km from Manila -- the capital of the Philippines -- and then visited the Mahaveer Philippine Foundation, that provides free Indian-made prosthesis 'Jaipur Foot' to needy amputees. Here are images from Modi's second day in the Philippines.
ASBC Asian Youth & Junior Boxing Championships: Krrish Pal registers win in 1st round
India saw growth of around 213 per cent in the number of real-time payments processed over the past year.
'Tis the season to be jolly, says December. In 2020, however, coronavirus changed that story. Now that the year is finally coming to an end, people the world are determined to celebrate the festive season, but cautiously.
NRI businessman and Lulu group chairman M A Yusuff Ali, who had a miraculous escape on April 11 after his helicopter crash-landed on marshy land in Kochi, has undergone a spinal surgery at a hospital in Abu Dhabi, the company said.
US Defence Secretary Llyod Austin described China as a pacing challenge for the United States.
Russia's Sputnik V vaccine and its one-shot version Sputnik Light booster demonstrates high virus-neutralising activity (VNA) against the highly-contagious Omicron variant of COVID-19, providing a strong defence against severe disease and hospitalisation, according to a study.
The Fujian was launched at a brief ceremony held at the Shanghai shipyard, the official media reported from the eastern metropolis.
Prime Minister Narendra Modi along with his counterparts from Australia and Japan on Friday attended the first in-person meeting of Quad leaders hosted by US President Joe Biden during which they plan to discuss issues like climate change, Covid-19 pandemic and challenges in the Indo Pacific, amidst China's growing military presence in the strategic region.
Shiva Thapa will next face Nader Odah of Kuwait in the quarter-finals on Tuesday.
"Relevant countries should abandon the obsolete Cold War mentality and narrow-minded geopolitical rivalry concept and view correctly and respect people's aspiration in the region and do more things conducive to regional solidarity and cooperation," Chinese foreign ministry spokesman Zhao Lijian said.
Th report predicted that the world population is to reach eight billion by mid-November 2022.
This is the third death reported from Mumbai in connection with the coronavirus.
The United States will continue to support India with equipment and other things it needs along the Line of Actual Control (LAC) with China, a top American admiral has told lawmakers, asserting that Washington and New Delhi share a 'tremendous partnership'.
Here are the best images from across the world from the previous week.
The Singapore Airlines agreed to fly the stranded passengers to India, as there is no scheduled Air India flight for Thursday.
Pint-sized 13-year-old Momiji Nishiya took gold in street skateboarding -- new to the Olympics in Tokyo -- while in one of the Games's staple sports a "Terminator" hunted down a dominator to set the swimming pool alight.
Foreign portfolio investors (FPIs) have pulled out Rs 4,515 crore from the equities segment in the first half of July as they turn cautious towards the Indian market. "With markets trading near all-time high, FPIs would have chosen to book profits. "They have also been staying on the sidelines given high valuations and most likely on the back of the risk of a potential third wave of the coronavirus pandemic," said Morningstar India associate director (manager research) Himanshu Srivastava. Though the continuing firmness in the dollar and the possibility of rising bond yields in the US do not augur well for capital flows into emerging markets like India, there is no immediate worry at the moment, he said.
Every 10 per cent rise in crude oil price will shave off around 0.2 percentage point (pp) from India's GDP growth and widen the current account by 0.3 per cent, says Nomura.
'It is only when Beijing sees a country with an infirm political will such as India that it acts up as the PLA has done in eastern Ladakh.'
