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Have minimised COVID-19 spread, cut transmission: Govt

Asserting that the ongoing lockdown has helped minimise the spread of coronavirus, the government on Thursday said the recovery rate among COVID-19 patients has almost doubled in last the ten days......

'Lockdown unlikely to contain COVID-19 surge in India'

India extending the nationwide lockdown by nearly three more weeks to May 3 is unlikely to stem the surge in coronavirus infections and economic and humanitarian crisis will exacerbate due to slow......

Focus shifts to rapid testing as India's COVID-19 tally rises to 2,547

Ramping up their efforts to contain the COVID-19 outbreak, authorities on Friday announced exclusive isolation wards and initiated rapid tests in areas identified as hotspots of the infection while......

FATF retains Pakistan in Grey List; warns of action

Putting Pakistan on notice, the international terror financing watchdog Financial Action Task Force (FATF) on Friday warned it will be blacklisted if it does not control terror funding by February......

Terror financing watchdog decides to keep Pak in 'Grey' list

The FATF continuing Pakistan in the 'Grey' list means its downgrading by the International Monetary Fund, the World Bank, the Asian Development Bank, the European Union and also a......

Moody's cuts India's growth forecast to 9.3%

Moody's Investors Service on Tuesday slashed India's growth forecast for the current financial year to 9.3 per cent saying that the second wave of coronavirus infections hampers economic recovery......

Economic activity down in April, May but shock less severe than 2020: Fitch

Fitch Ratings on Monday said the shock to economic activity from the latest wave of COVID-19 pandemic will be less severe than the one in 2020, but recovery is likely to be delayed as economic......

2nd COVID wave poses downside risks to India's economic growth: S&P

S&P said the country already faces a permanent loss of output versus its pre-pandemic path, suggesting a long-term production deficit equivalent to about 10 per cent of GDP. Illustration: Dominic......

Covid surge may delay India's economic recovery: Fitch

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......

Hiring to grow by 7% in Apr-June if further lockdowns not imposed

The intent to hire in the current quarter is likely to rise by 7 per cent over the previous three months if further lockdowns and workplace operating rules are not enforced, mainly driven by demand......

Here's a complete list of Aus Open women's champions

Naomi Osaka beat Petra Kvitova 7-6(2), 5-7, 6-4 to become the first Japanese player to win the Australian Open on Saturday. The win made fourth seed Osaka the first player from an Asian country to......

20-month ban for France's World Cup winning captain

IMAGE: Tottenham and France goal keeper Hugo Lloris arrives at Westminster Magistrates Court in London. Photograph: Toby Melville/Reuters France’s World Cup-winning captain Hugo Lloris has......
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The global rating agency said there are growing indications that the latest wave of COVID-19 infections will add to risks among financial... ...

https://economictimes.indiatimes.com/news/economy/indicators/economic-activity-down-in-april-may-but-shock-less-severe-than-2020-fitch/articleshow/82518201.cms
Fitch Ratings

The fresh round of relief measures announced by the Reserve Bank of India in response to the second wave could provide some relief to finance... ...

https://economictimes.indiatimes.com/news/economy/finance/risks-to-financial-institutions-mounting-as-second-wave-surges-across-india-fitch-ratings/articleshow/82516399.cms
Fitch

Fitch said these measures would provide some relief to financial institutions over the next 12-24 months but at the expense of delaying the... ...

https://economictimes.indiatimes.com/industry/banking/finance/banking/rbis-relief-measures-to-only-delay-stress-for-financial-institutions-fitch/articleshow/82515100.cms
Fitch Solutions

"The main driver of our deficit forecast revision is a downward revision to our outlook for revenues, given that the flare-up in COVID-19 cases in... ...

https://economictimes.indiatimes.com/news/economy/indicators/india-to-breach-fiscal-deficit-target-in-fy22-fitch-solutions/articleshow/82451801.cms
Fitch downgrades Future Retail to restricted default on DDE

Fitch said it views the move as a distressed debt exchange ( DDE). At the same time, it affirmed the rating on FRL's USD500 million 5.6 per cent... ...

https://economictimes.indiatimes.com/industry/services/retail/fitch-downgrades-future-retail-to-restricted-default-on-dde/articleshow/82340523.cms

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