Page 56 - India

Millions of defaults threaten microfinance's future in Covid-hit India

Although the pandemic isn't the first crisis for the country's microfinance industry, it could be its biggest

Demand for Covid vaccines in 2021 will far exceed supply: Gavi deputy CEO

Anuradha Gupta, deputy CEO of Gavi, the Vaccine Alliance, talks about vaccine hesitancy, the logistics of implementing a mammoth global Covid-19 vaccination effort, and whether existing vaccines will

I predict that the 21st century is going to be Indian century: Jeff Bezos

Under Bezos's leadership, Amazon identified India as a strategic market as early as 2013

Power ministry to launch manufacturing programme for critical equipment

The scheme titled 'Manufacturing Zones under Atmanirbhar Bharat Package' in the Union Budget would entail setting up three manufacturing zones in a year

India's coronavirus recovery rate touches 97%, Health ministry says

With a consistent rise in cumulative recoveries of coronavirus cases, India's Covid-19 recovery rate has reached 97 per cent, informed the Ministry of Health and Family Welfare (MoHFW) on Monday

India's power consumption grows at 3-month high rate of 10.2% in January

India's power consumption grew at a three-month high rate of 10.2 per cent at 111.43 billion units (BU) in January 2021, showing spurt in economic activities, according to official data

Valuing strong ties: Jaishankar after India-made vaccines reach Kuwait

A consignment of India-made vaccines arrived in Kuwait on Monday, tweeted External Affairs Minister S Jaishankar, adding that it shows the close friendship and strong ties between the two nations

Took political support for farmers only after democracy was mocked: Tikait

The Sanyukta Kisan Morcha had not allowed political parties in the movement against new central farm laws but took political support "only after democracy was mocked", BKU leader Rakesh Tikait said

Weak demand for diesel signals a slow rebound for industrial India

The annual growth rate for diesel consumption won't get back to pre-virus levels until the year ended March 2022, said Mukesh Kumar Surana, chairman of Hindustan Petroleum Corp.

Why India should honour the $1.2 bn arbitration award in Cairn's favour

This year's budget is due on Monday. All that Finance Minister Sitharaman has to do is to make a provision for the Cairn payment, an insignificant footnote in her $415 billion-plus expenditure plan

India about to join countries threatened by asset seizures across the world

Cairn Energy Plc will push authorities to impound Indian assets if the South Asian nation declines to honor an arbitration ruling in a $1.2 billion tax dispute, according to a letter the company sent

Petrol prices remain unchanged at Rs 86.30 in New Delhi, diesel at Rs 76.4

Petrol prices in Mumbai stood at Rs 92.86 per litre-- the same as yesterday. In Chennai, petrol remained unchanged to sell at Rs 88.82

Bonds in India head for losses on PM Modi's near-record borrowing plan

The relentless supply of sovereign debt has been the biggest hurdle for Indian bonds this fiscal year, as pandemic relief efforts took precedence

India's unusual Covid vaccine problem: Plenty of shots, but few takers

While vaccine hesitancy has surfaced in places like Japan and Brazil, and China's candidates have also faced questions over data, the scale of the problem in India is by far the biggest

India's corporate bond sales set to slow significantly after record year

Issuance will fall by 17 per cent to about 7.55 trillion rupees ($103.5 billion) this year, according to the median estimate of six of the nation's top debt arrangers

India sees 19 IPOs worth $1.84 billion in 2020 December quarter: Report

Reflecting strong momentum, India witnessed 19 initial public offers worth $1.84 billion in the fourth quarter of 2020 and market sentiment remains positive in what could be a stellar 2021

India's coronavirus active caseload shrinks to 184,000: Health ministry

As India country continues on its steady trajectory of reporting a sustained downfall in the daily new Covid-19 cases, the country's active caseload has dipped to 184,000 mark

India Coronavirus Dispatch: Vaccine candidates in development in India

How vaccines were made so quickly, Delhi vaccination centres to test for antibodies, priority list spot is validation for ASHA workers-news relevant to India's fight against Covid-19

Franklin Templeton's closures reflect poorly on India's capital markets

Failures like IL&FS, Yes Bank and Templeton have been absorbed by the Indian financial system, but at a cost

Petrol touches new high of Rs 85.45 in Delhi, crosses Rs 92-mark in Mumbai

In Chennai, petrol price inched up to Rs 88.07, 22 paise above the previous day's price. Diesel was retailing at Rs 80.90 in the city