With the Covid-19 pandemic showing signs of ebbing and economic activity picking up, factory owners in Jalandhar had hoped that the worst was over. However, the heat wave in April and extensive power cuts that came with it, have crushed their hopes. The city's large number of micro, medium and small enterprises (MSMEs) are now gearing up for yet another struggle, this time to survive with the shortage of power that is severely impacting their operations.
Housemates will face shortage of gas supply as their report card verdict isn't too good!
She also said there were no reports of shortage of medicines or medical equipment.
The move is aimed at preventing masses from gathering in Colombo to protest the government's failure to provide relief to the public suffering from shortages of food, essentials, fuel and medicine amidst hours-long power cuts, the Colombo Page newspaper reported.
The Indian high commission in London on Friday appealed for students to contact the mission for help and counselling amid fears that over 50 of them may have become victims of modern slavery while working at care homes in North Wales.
The first consignment of 75,000 vials will reach India on Friday, it added.
Telecom gear makers say will take six to eight months for the top 10 cities to have some reasonable coverage of 5G network services.
Stung by the death of a student in north Kashmir, Jammu and Kashmir Chief Minister Omar Abdullah on Wednesday directed the power development department to put in all efforts to mitigate the hardships faced by the people in the valley owing to power shortage.
A leading exporter said, there is enough stock of paracetamol in the country. At present, the US, which has become the epicentre of the COVID-19 outbreak, needs paracetamol. He further said India would lose its credibility as the "pharmacy of the world" if it adopts protectionist policies during such a crisis.
In contrast with their strong performance in 2020 and 2021, pharmaceutical and healthcare funds experienced a decline in 2022, with returns plummeting by an average 9.8 per cent. This trend has continued in the current year, with year-to-date return remaining in the negative (-4.9 per cent). In the past three months, pharma funds have been hit hard, experiencing a 7.9 per cent decline.
Various hotels and restaurants in the city have stopped offering meals at noon due to water shortage.
Beijing-based retired basketball star Stephon Marbury is arranging an urgent shipment of surgical masks from China to New York to fight the coronavirus. He wanted to help his home city solve its reported shortage of masks.
Power plants, involving investments of Rs 100,000 crore, facing closure.
Sisodia claimed that while the Assam government procured PPE kits for Rs 600 a piece from other companies, Sarma gave urgent supply orders to the firms of his wife and son's business partners for Rs 990 a piece "taking advantage of the COVID-19 emergency".
Foxconn means serious business in India. Its delegation to India was led by its Chairman Young Liu who met Prime Minister Narendra Modi.
'We must work for the country.' 'I have earned money here and I must give it back.' 'I don't think it is charity; I think it is my duty.'
Kejriwal's announcement came after Deputy Chief Minister Manish Sisodia earlier this week claimed that Covaxin manufacturer Bharat Biotech has refused to provide additional doses to the national capital.
Sri Lanka is going through the worst economic crisis since independence in 1948. A crippling shortage of foreign reserves has led to long queues for fuel, cooking gas and other essentials while power cuts and soaring food prices heaped misery on the people.
Automotive (auto) and consumer appliance companies are hoping for a bounty from the harvest season after two consecutive dry spells in 2020 and 2021. The season, which also marks the beginning of the regional New Year, kicked in across the country from April 1 - Gudi Padwa in Maharashtra; Ugadi in Karnataka, Telangana, and Andhra Pradesh; Bihu in the Northeast; and Chaitra Navratri in the North. Manufacturers and retailers of cars, two-wheelers, and consumer appliances said they have seen demand pick up year-on-year (YoY) at a brisk pace across categories.
Driven by a rise in sales during the current year, German luxury carmaker Mercedes-Benz said on Thursday that the company is expecting a growth in sales of around 8-10 per cent in the next few years. This comes at a time when the company is ready to surpass the previous highest sales of 15,538 vehicles (2018) in 2022. During the first half, the company sold 7,600 units. It already has an order bank of around 7,000 vehicles. In 2021, the company sold 11,242 vehicles.
Shortage of semiconductors, price hikes pull January auto sales into red. Dec had seen sales grow for 1st time this FY, which dealers called a one-off.
The monthly electricity bills of the majority of domestic consumers in Delhi -- who use more than 200 units and up to 600 units -- will be hiked by up to Rs 265 due to an increase in the power purchase adjustment cost (PPAC) levied by discoms in the city, officials said on Monday.
The lockdown imposed on April 19 night will now continue till 5 am on May 3.
Auto companies are now grappling with a slowdown in sales, triggered by pent up demand due to the COVID-led lockdown easing a bit and supply-side issues for raw material.
'Promises of free vaccination, it appears, are good only for winning elections, and dumping the people thereafter'
India is struggling with the second wave of the coronavirus infection and hospitals in several states are reeling under a shortage of medical oxygen and beds in view of a rising number of COVID-19 cases.
The DRDO will set up five oxygen plants, out of the total 500 planned, in and around Delhi by this weekend, the defence ministry said.
Since January this year, Indian exporters have begun to dread the shipping news. That's because most of it would be about another lot of shipping companies deciding to avoid Indian ports on account of delays.
Facing an acute shortage of COVID-19 vaccines, the Odisha government on Monday decided to float a global tender for procuring the vaccine to inoculate the states entire population, Chief Secretary S C Mohapatra said.
Mahinda Rajapaksa has been accused by the Opposition of inciting the ruling party mobs to attack peaceful protesters by making a defiant speech while addressing several thousands of his supporters to deflect calls for his resignation.
Despite mounting pressure, Gotabaya, and Prime Minister Mahinda have refused to quit office.
Thousands of student activists from the Inter University Students Federation blocked the main access road to the parliamentary complex since Thursday and carried on protests for almost 24 hours.
Driven by strong demand, the overall passenger vehicle dispatches crossed 3.35 lakh units in February as automakers, including Maruti Suzuki India, Hyundai, Tata Motors and Mahindra & Mahindra, reported robust sales during the month. The dispatches of more than 3.35 lakh units last month marked an 11 per cent over February 2022. It was also the highest ever overall wholesales in the month of February. The country's largest carmaker Maruti Suzuki India on Wednesday said its domestic wholesales rose 11 per cent to 155,114 units in February as compared with 140,035 units in the same month last year.
"There is no sufficient supply of vaccine vials by the Centre for inoculation of above-45 age group people. Hence, the state cabinet decided to divert the stock, purchased for the 18-44 age group, for the above-45 age group," Health Minister Rajesh Tope said.
The economic impact of the Omicron variant of COVID-19 on emerging economies will depend on a mix of government restrictions, public comfort with social interactions, and capacity of governments and central banks to provide additional policy support to the private sector, Moody's Investors Service said on Wednesday. The emergence of the new variant poses new risks to the global economic growth and inflation outlook, as concerns mount about the variant's health risks and several countries have imposed new travel restrictions in recent days. These restrictions will likely increase over the coming weeks until scientists learn more about the variant, it said.
On Wednesday, the Maharashtra government had said that it would not be able to launch the 18-45 age group vaccination drive from May 1 due to the shortage of vaccines.
Amid news of a fuel shortage in some parts of the country and wider unrest over fuel issues in the neighbourhood, an analysis of the data from international tracker globalpetrolprices.com shows that the per litre price of petrol is higher in India than in seven out of its nine neighbours.
'The selling in India may emerge as soon as the RBI reverses its interest rate stance.'
If they can sit together and hammer out 'Black Sea Initiative' deal for much needed food shipments, surely, they should be able to address the madness of the larger military conflict?
The government has no plans to import wheat as it has sufficient stocks to meet the country's requirements, official sources said. The Food Corporation of India (FCI) has enough stock for public distribution, they added. "There are no plans to import wheat into India. "The country has sufficient stocks to meet our domestic requirements," a source said.
