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China defends Covid policy, downplays protests as country logs 40K fresh cases

China on Monday dismissed concerns over its controversial zero-COVID policy in the face of unprecedented demonstrations, which have spread to Beijing even as it reported close to 40,000 coronavirus......

China protests over Covid lockdowns; demand Xi's resignation

The protests against COVID-19 lockdowns have spread to Beijing even as China reported close to 40,000 coronavirus cases on Monday as authorities scrambled to contain the fresh surge in infections.......

Softer US inflation, drop in yields prop up domestic markets

Equity markets rallied after softer-than-expected inflation data in the US and UK rekindled hopes of the end of the rate-hiking cycle by major central banks. Illustration: Uttam Ghosh/Rediff.com......

How India Can Defend Economy From Global Spillovers

While India won't be immune to global spillovers, we need to create the macro preconditions for sustained growth.Policy agility, prudence, and resilience will be key, suggests Sonal Varma, chief......

Select unsecured loans up by nearly Rs 7 trillion since 2019

People are availing far more of certain kinds of unsecured loans than was the case before the pandemic. Illustration: Uttam Ghosh/Rediff.com Bank lending for buying consumer durables and funding......

Accenture guidance delays hopes of demand pick-up for Indian IT: Analysts

At a time when the market is betting on a ‘higher for longer’ global interest rate view, Accenture’s (ACN) weak revenue forecast is a negative read-through for the Indian IT......

Headwinds ahead for NBFCs

In August, the Reserve Bank of India Governor Shaktikanta Das held a meeting with chief executive officers/ managing directors (CEOs/ MDs) of large non-banking financial corporations (NBFCs).......

Tokyo Olympics: All the interesting numbers

The Tokyo Games came to a close on Sunday, ending 16 days of high drama on and off the playing field.Here is a summary of major figures and facts at the Games:17 WORLD RECORDS IMAGE: Georgian......

Tokyo Games: Who will Light The Flame?

IMAGE: Naomi Osaka will be a heavy favourite to triumph on the hardcourts in Tokyo. Photograph: Maja Hitij/Getty Images Battered by scandal on the eve of the opening ceremony, Tokyo 2020......

Money, money, money: the cost of Tokyo's pandemic-delayed Games

IMAGE: The logo of Tokyo 2020 Olympic Games that have been postponed to 2021 due to the coronavirus is seen through a traffic sign at Tokyo Metropolitan Government Office building.Photograph:......

The cost of Tokyo's pandemic-delayed Olympics

IMAGE: Although the cancellation scenario is looking less likely by the day, global insurers would face a hefty bill should that happen, with estimates running to a loss of $2-3 billion.......

Olympics: Japan extends COVID-19 state of emergency

'In Osaka and Tokyo, the flow of people is starting to creep up, and there are concerns that infections will rise.' IMAGE: Japan has seen a record number of COVID-19 patients in critical condition......

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