Positive cues from China - which accounts for 56.5 per cent of global crude steel production - are likely to keep demand-supply in balance and provide support to prices. All eyes have been on China, which opened after New Year holidays, as it was widely expected that prices would recover post-holidays after the weakness in January. Jayanta Roy, senior vice president, ICRA pointed out, barring last year when Covid-related restrictions affected China's steel demand in February 2020, historical trends show a typical upward movement in steel prices post-new year festivities. China's opening post-holidays was keenly awaited, especially in the wake of the sluggishness in the market in January.
So far this month, another $4.5 billion (Rs 33,000 crore) has flown into domestic stocks.
India needed 14 runs from the last over and Pandya delivered with sixes off the second and fourth deliveries
'Your confidence is shaken when the government does what it does these days, but then it is the same confidence that gives you the courage to stand up to the government's high-handedness.' 'There will always be people who will not fear jails or the physical and mental torture that visit citizens protesting against the government's draconian policies and laws.' 'There will always be Indians who will not be afraid to face the consequences of fighting for their Constitutional rights.'
India will have to show more willingness to import, and since Biden will not encourage sale of oil and gas to bridge the gap, it means there has to be more meaningful duty reduction in other areas even if Delhi baulks at a Free Trade Agreement so soon after walking out of RCEP.
Despite the recent injury setbacks, senior off-spinner Nathan Lyon believes that the current Australian team is the 'tightest group' that he has been a part of and is certainly in a much better space than what it was two years back, when India triumphed 1-2 in Tests.
The executive director of the WHO, Michael Ryan, said India, the world's second most populous country, has a tremendous capacity to deal with the coronavirus outbreak as it has the experience of eradicating the small-pox and polio through targeted public intervention.
Personal competence, where it should have been acknowledged and appreciated, was sacrificed for that oft heard line: Party-is-supreme. It angered that at a time when lives are at stake amidst the pandemic, the government didn't deem continuity in leadership important for the health portfolio, observes Shyam G Menon.
This country is a democracy. Why only artistes, even a common can go anywhere and express his opinion, Javadekar said.
The Biden administration on Friday issued a formal notification to delay the implementation of the previous Trump regime's controversial rule to raise mandatory minimum pay for foreign workers on H-1B visa, the most sought after among Indian IT professionals. The H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in specialty occupations that require theoretical or technical expertise. The technology companies depend on it to hire tens of thousands of employees each year from countries like India and China. The Department of Labour in its federal notification published on Friday said that it is considering whether to propose a further delay of the final rule's effective date and accompanying implementation periods that are currently scheduled to take effect on May 14, 2021, and July 1, 2021, respectively.
Epidemiologists point out that if there is no second wave, it means that the number of infected has surpassed the uninfected, reports Ruchika Chitravanshi.
Amazon Prime Video becomes the first Indian streaming service to secure exclusive live cricket rights from a major cricketing board.
E-commerce firms and sellers including Amazon and eBay have made recommendations to the government for a differentiated policy framework for e-commerce in the revised Foreign Trade Policy (FTP) which is expected to come into effect from April 1, 2021. This is because the existing policies on exports have catered largely to traditional, offline and business-to-business exports. Suggestions have been made to the government that through the FTP, it is important to create a conducive policy framework for e-commerce exports that lowers the entry barrier for small businesses to start exporting, according to the industry sources.
From April 1 next year, over 600 state-run Madrassas will be converted into upper primary, high and higher secondary schools with no change of status, pay, allowances and service conditions of the teaching and non-teaching staff.
'If the almost literally heart-stopping Suez block has any positive outcome, it is to be hoped that it will accelerate the setting up of a fab (perhaps Taiwanese) in India,' asserts Rajeev Srinivasan.
Australian captain Tim Paine said a 'proud' cricketing nation like India is not going to roll over in the Boxing Day Test in Melbourne like they did in the series opener in Adelaide and singled out KL Rahul and Rishabh Pant as potential threats.
Countries that have signed the RCEP agreement can start negotiations with India for joining the pact once New Delhi submits a written request stating its intention for the same, according to a declaration. On November 4 last year, India walked out of mega free trade agreement RCEP (Regional Comprehensive Economic Partnership) as negotiations failed to address New Delhi's outstanding issues and concerns. The remaining 15 member countries have signed RCEP agreement and have stated that the pact would remain open to India.
From being exorbitantly priced to facing stiff competition, Harley was always going to find it tough to crack a market like India, says Dhruv Munjal.
From Rs 191 billion in 2019, the world's largest film producing industry now stands at Rs 72 billion thanks to the pandemic.
'What this incident must do is provide a renewed impetus to urgently bring in police reforms; changes that will ensure that political patronage and extraneous pressure are reduced to a minimum and allow the police to function independently and honestly,' argues Vivek Gumaste.
The Biden administration has announced that it is delaying the H-1B policy of the previous Trump administration on allocation of the popular foreign work visas by continuing with the lottery system until December 31, 2021, to give the immigration agency more time to develop, test and implement the modifications to the registration system. On January 7, the US Citizenship and Immigration Services (USCIS) announced to do away with the traditional lottery system in deciding the successful applicants for the H-1B visas. The H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in specialty occupations that require theoretical or technical expertise.
The executive director of the World Health Organisation, Michael Ryan, said India, the world's second most populous country, has a tremendous capacity to deal with the coronavirus outbreak as it has the experience of eradicating the small-pox and polio through targeted public intervention.
In sectors like IT, cybersecurity, advanced manufacturing, and transportation, the H-1B One Workforce grant programme would be used to upskill the present workforce and train a new generation of workers.
'For the UDF, it will depend on how far Rahul Gandhi will succeed with the goodwill he has.' 'That will make a difference.'
So far, there seems to be limited debate about their activities in India, where virtually all FAANG companies have teamed up in different ways with India's most powerful businessman, observes T N Ninan.
Images from the first One-day International between India and England, in Ahmedabad, on Friday.
A swift recovery in oil demand in India is not only helping the stability of the global market, it is giving huge fiscal headroom to the government in terms of additional excise duty.
In an address at the Global Dialogue Security Forum, he underlined the need for India to put greater focus on having strong bilateral, trilateral and multilateral arrangements with like-minded countries to maximise its strategic leverage in the region.
Overseas investors have pumped in $6.3 billion in Indian equity markets in three months ended September on attractive valuations, opening-up of the economy and resumption in business activities, says a Morningstar report. This comes following a net inflow of $3.9 billion in June quarter and a net withdrawal of $6.38 billion in March quarter. Apart from inflow, the value of FPI investments in Indian equities swelled further during the quarter under review largely on the back of robust net inflows, coupled with a strong performance of the Indian equity markets.
With regard to where relations between New Delhi and Beijing stand, the Union minister said that he does not have a definite answer to offer at "this moment".
The uncertainty over the gravity of the pandemic's impact on the global economy and financial markets worldwide triggered a flight to safety among foreign investors as they rushed to exit from relatively riskier investment destinations, such as emerging markets like India, a report said.
A series win will be an ideal confidence booster for India before the visitors hit Test match mode.
There is positive correlation between crude oil prices and Indian equities and investors can expect more upside after the recent rally in Brent crude price.
On MoS Health Ashwini Kumar Choubey's statement that public health and hospitals come under states and so insurance compensation data is not available with the Centre, the doctors' body said that it amounts to "abdication of duty and abandonment of the national heroes who have stood up for our people".
Axis Bank was the top loser in the Sensex pack, dropping around 5 per cent, followed by Tech Mahindra, SBI, L&T, IndusInd Bank, Infosys and NTPC. On the other hand, HDFC Bank, HUL, Kotak Bank and Bharti Airtel were among the gainers.
'If the Union Budget can provide incentives for animal spirits to come as well as induce demand stimulus and consumption, the Budget would have done a wonderful job.'
The South Asian nations could script a new history of cooperation and prosperity that could serve as an example for other nations, notes Dr Rahul Mishra.
The electric vehicle evolution in India's passenger vehicle market has remained frozen in time and may see limited adoption over the next decade, experts say.
'Mucor is an environmental fungus, and it's much more prevalent in hot and humid areas.' 'The amount of fungus in the air is much higher in India than some other parts of the world.'
New Zealand coach Gary Stead, on Tuesday, said he was a bit surprised by India's abject surrender in the first Test but is expecting a strong comeback in Christchurch.
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