Reviews | BMagBlog https://bmagblog.org Business Magazine Articles Thu, 29 Jul 2021 13:45:00 +0000 en-US hourly 1 Mfg, digitisation, realty to drive returns next 3-5 years: Aditya Birla AMC https://bmagblog.org/bs-reviews/mfg-digitisation-realty-to-drive-returns-next-3-5-years-aditya-birla-amc https://bmagblog.org/bs-reviews/mfg-digitisation-realty-to-drive-returns-next-3-5-years-aditya-birla-amc#respond Thu, 29 Jul 2021 13:44:59 +0000 https://bmagblog.org/uncategorized/mfg-digitisation-realty-to-drive-returns-next-3-5-years-aditya-birla-amc Mfg, digitisation, realty to drive returns next 3-5 years: Aditya Birla AMC

Aditya Birla Sun Life Asset Management Company (AMC) has said manufacturing, digitisation, sustainability, revival in the real estate sector and resurgence in mid and small caps are the key themes that will drive returns over the next three to five years. The asset manager says spotting the trend during various market cycles is the key…

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Mfg, digitisation, realty to drive returns next 3-5 years: Aditya Birla AMC

Aditya Birla Sun Life Asset Management Company (AMC) has mentioned manufacturing, digitisation, sustainability, revival in the actual property sector and resurgence in mid and small caps are the important thing themes that may drive returns over the following three to 5 years.

The asset supervisor says recognizing the development throughout varied market cycles is the important thing for figuring out alternatives.

“We believe that the key to successful investing over a long period is an ability to spot trends. Looking at data since 2002, the top five performing sectors vary greatly in each market cycle. The variation in returns among the best and worst performing industries during a cycle is too large, again underscoring the importance of picking the right themes,” mentioned A Balasubramanian, MD & CEO, Aditya Birla Sun Life AMC.

The Alternate Assets Equity Investments workforce of the asset supervisor has analysed the massive tendencies which have performed out over the past couple of many years and have recognized the important thing enablers of any huge structural tendencies for the long run.

During the interval of 2003-08 there was an infrastructure pushed increase to gross home product (GDP) development. While within the interval between 2011-15 there was resurgence of export sectors adopted by consumption story between 2016-20.

Fund home is bullish on manufacturing resulting from a mixture of push and pull elements that may drive manufacturing in India like Atmanirbhar Bharat & vocal for native initiatives by the federal government, together with diversification of world provide chains.

While digitisation can rework India’s financial system and newly digitised sectors will see worth emergence. Fund home additionally believes that there shall be cyclical revival in actual property and value enchancment because of the decrease provide and decreasing stock.

The fund home believes mid- and small-caps shares can proceed to outperform giant caps led by financial restoration, decrease rates of interest and elevated illustration in rising sectors like chemical digital platform amongst others.

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India sees venture capital investments surge to $8 billion in Q2: KPMG https://bmagblog.org/bs-reviews/india-sees-venture-capital-investments-surge-to-8-billion-in-q2-kpmg https://bmagblog.org/bs-reviews/india-sees-venture-capital-investments-surge-to-8-billion-in-q2-kpmg#respond Tue, 27 Jul 2021 15:47:14 +0000 https://bmagblog.org/uncategorized/india-sees-venture-capital-investments-surge-to-8-billion-in-q2-kpmg India sees venture capital investments surge to $8 billion in Q2: KPMG

The Asia Pacific region saw solid VC investment in H1 2021 despite a dip from 42.8 billion dollars across 2,066 deals in Q1 2021 to 38 billion dollars across 1,998 deals in Q2 2021. Topics Venture Capital | KPMG report | VC Firms ANI  Last Updated at July 27, 2021 15:23 IST Venture capital investments in India during second…

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India sees venture capital investments surge to $8 billion in Q2: KPMG

The Asia Pacific area noticed stable VC funding in H1 2021 regardless of a dip from 42.Eight billion {dollars} throughout 2,066 offers in Q1 2021 to 38 billion {dollars} throughout 1,998 offers in Q2 2021.

Topics

Venture Capital | KPMG report | VC Firms

ANI 
Last Updated at July 27, 2021 15:23 IST

Venture capital investments in India throughout second quarter (April to June) soared previous the earlier file excessive set in This autumn 2019, pushed not solely by VC traders but additionally by extra conventional funds feeling a way of FOMO given the broad applicability of digital enterprise fashions within the pandemic.

A variety of firms are attracting VC funding in India, particularly these centered on direct-to-consumer choices together with e-commerce, meals supply, hyper-local grocery supply, video sharing and gaming, mentioned skilled companies agency KPMG.

Investors continued to pour cash into edtech firms together with BYJU which raised a 1.5 billion greenback funding spherical this quarter. Food supply was additionally very popular in Q2 2021 led by Swiggy’s 800 million greenback increase.

Nitish Poddar, Partner and National Leader for personal fairness at KPMG in India, mentioned an increasing number of tech enabled firms in India have been seen elevating funds from capital markets.

“This opens a brand new avenue for early, mid and late stage monetary sponsors to money in on their investments. This is a major shift from an exit route out there to monetary traders beforehand which is able to solely enhance the attractiveness of those companies,” he mentioned.

Anand Vermani, Partner and Co-Head for company finance at KPMG in India, mentioned VC offers depend in India noticed an unprecedented incline persevering with the rally that started from the third quarter of 2020.

Major investments are chasing options which might be constructed round monetary companies and supply; chopping throughout companies that provide on-demand monetary assist, B2B e-commerce, D2C, meals & grocery, provide chain & logistics, and mobility, he mentioned.

“The introduction of the so known as conventional funds into this phase with massive ticket funding lends a powerful vote of confidence and validation to working fashions of those new age companies,” mentioned Vermani.

On the opposite hand, world VC funding rose from 147.2 billion {dollars} throughout 8,557 offers in Q1 2021 to 157.1 billion {dollars} throughout 7,687 offers in Q2 2021.

VC funding in Europe reached 34 billion {dollars} throughout 1,848 offers in Q2 2021 — up from 23.9 billion {dollars} throughout 2,150 offers in Q1 2021.

The Asia Pacific area noticed stable VC funding in H1 2021 regardless of a dip from 42.Eight billion {dollars} throughout 2,066 offers in Q1 2021 to 38 billion {dollars} throughout 1,998 offers in Q2 2021.

Corporate funding was very sturdy in Q2 2-21 — accounting for 73.9 billion {dollars} in funding. First time financings in first half of the 12 months totalled 20.1 billion {dollars} — properly on observe to exceed the height excessive of 32 billion {dollars} seen in 2018.

(Only the headline and movie of this report could have been reworked by the Business Standard employees; the remainder of the content material is auto-generated from a syndicated feed.)

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Tokyo Olympics 2021: Hockey to Table Tennis, India schedule on July 26 https://bmagblog.org/bs-reviews/tokyo-olympics-2021-hockey-to-table-tennis-india-schedule-on-july-26 https://bmagblog.org/bs-reviews/tokyo-olympics-2021-hockey-to-table-tennis-india-schedule-on-july-26#respond Sun, 25 Jul 2021 17:45:54 +0000 https://bmagblog.org/uncategorized/tokyo-olympics-2021-hockey-to-table-tennis-india-schedule-on-july-26 Tokyo Olympics 2021: Hockey to Table Tennis, India schedule on July 26

Indian paddler Manika Batra would look to continue her spirited performance on Day 3 of Tokyo Olympics 2021 as well as she will square off with Austria's Sofia Polcanova in women’s singles table tennis match on July 25 (Monday). Also, Indian men’s archery team will play against Kazakhstan in quarterfinals. Tokyo 2020 Medal Tally A…

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Tokyo Olympics 2021: Hockey to Table Tennis, India schedule on July 26

Indian paddler Manika Batra would look to proceed her spirited efficiency on Day Three of Tokyo Olympics 2021 in addition to she is going to sq. off with Austria’s Sofia Polcanova in girls’s singles desk tennis match on July 25 (Monday). Also, Indian males’s archery crew will play in opposition to Kazakhstan in quarterfinals.

Tokyo 2020 Medal Tally

An influence-packed efficiency is predicted from Indian athletes on Day Three of the Tokyo 2020 Olympics as they are going to be in motion in Sailing, Fencing, Swimming, Boxing, Shooting, and Hockey.



Bhavani Devi will change into the primary Indian fencer to take part within the Olympics whereas India’s Women’s Hockey crew will play their second match in opposition to Germany. The Rani Rampal-led hockey crew misplaced their first match of Tokyo Olympics 1-5 in opposition to the Netherlands.
In Tennis, Sumit Nagal, who cruised into spherical 2 of males’s singles, will face Russia’s Daniil Medvedev within the morning.



On Day 2, India’s girls athletes shined of the Tokyo Olympics 2020 as six-time World champion MC Mary Kom received her first bout within the Women’s Flyweight (51kg), and shuttler PV Sindhu received her first girls’s singles badminton match.
Check Tokyo 2020 Day 2 reside updates and medal tally updates right here

How to observe reside telecast of Tokyo Olympics 2021 in India

Sony Sports Network has received the rights for reside broadcast of Tokyo Olympics in India. Sony TEN 1 HD/SD, Sony TEN 2 HD/SD will reside broadcast the Tokyo 2020 Summer Olympics with English Commentary whereas Hindi Commentary shall be obtainable on Sony TEN Three HD/SD.


Will Doordarshan reside telecast Olympic occasion in India?
Being a sporting occasion of nationwide significance, Doordarshan will reside telecast the Tokyo Olympics 2021 on terrestrial community and Direct-to-Home platform.

Here is India’s schedule at Tokyo Olympics 2021 on July 26:.


India Archery schedule: (Participants and match timings)
India (Pravin Jadhav, Atanu Das, and Tarundeep Rai) vs Kazakhstan in Men’s Team 1/8 Eliminations: 6:00 am IST

India Badminton doubles match time: (Participants and match timings)

Satwiksairaj Rankireddy/Chirag Shetty vs Marcus Gideon Fernaldi/Kevin Sanjaya Sukamuljo (Indonesia) in Men’s Doubles Group A Match: 9:10 am IST.

India Boxing match: (Participants and match timings)

Ashish Kumar vs Erbieke Tuoheta (China) in Men’s 75kg Round of 32 Bout: 3:06 pm IST.

India Fencing schedule: (Participants and match timings)

C Bhavani Devi vs Nadia Ben Azizi (Tunisia) in Women’s Sabre Individual Table of 64 match: 5:30 am IST.

India girls’s Hockey match schedule: (Participants and match timings):

India vs Germany in Women’s Pool A match: 5:45 pm IST

India Sailing schedule: (Participants and match timings)

Vishnu Saravanan in Men’s Laser Race: 8:35 am IST.

Nethra Kumanan in Women’s Laser Radial Race: 11:05 am IST.

India Shooting schedule: (Participants and match timings)

Mairaj Ahmad Khan and Angad Vir Singh Bajwa in Men’s Skeet Event Day 2: 6:30 am IST.

Mens’ Skeet Final: 12:20pm IST.

India Swimming schedule: (Participants and match timings)

Sajan Prakash in Men’s 200m Butterfly Heats: 3:45 pm IST.

India Table Tennis schedule: (Participants and match timings)

Achanta Sharath Kamal vs Tiago Apolonia (Portugal) in Men’s Singles Round 2 Match: 6:30 am IST.

Manika Batra vs Sofia Polcanova (Austria) in Women’s Singles Round Three match 12:00 pm IST.

India Tennis schedule: (Participants and match timings)

Sumit Nagal vs Daniil Medvedev (ROC) in Men’s Singles Round 2: Third match after 7:30 am IST begin.

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IMF board approves policy reforms to support recovery of low-income nations https://bmagblog.org/bs-reviews/imf-board-approves-policy-reforms-to-support-recovery-of-low-income-nations https://bmagblog.org/bs-reviews/imf-board-approves-policy-reforms-to-support-recovery-of-low-income-nations#respond Fri, 23 Jul 2021 20:46:04 +0000 https://bmagblog.org/uncategorized/imf-board-approves-policy-reforms-to-support-recovery-of-low-income-nations IMF board approves policy reforms to support recovery of low-income nations

The executive board of the International Monetary Fund has approved a set of policy reforms to the concessional lending facilities to better support the recovery of low-income countries from Covid-19 Topics IMF | Coronavirus | International Monetary Fund IANS  |  Washington  Last Updated at July 23, 2021 10:12 IST The executive board of the International Monetary Fund (IMF) has…

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IMF board approves policy reforms to support recovery of low-income nations

The government board of the International Monetary Fund has accredited a set of coverage reforms to the concessional lending services to higher assist the restoration of low-income nations from Covid-19

Topics

IMF | Coronavirus | International Monetary Fund

IANS  | 
Washington 
Last Updated at July 23, 2021 10:12 IST

The government board of the International Monetary Fund (IMF) has accredited a set of coverage reforms to the concessional lending services to higher assist the restoration of low-income nations (LICs) from the Covid-19 pandemic.

“These reforms are set to make sure that the Fund has the capability to reply flexibly to LICs’ wants over the medium time period whereas persevering with to supply concessional loans at zero rates of interest,” the IMF stated on Thursday in a press release.

The centrepiece of the coverage reforms that had been accredited by the IMF government board final week is a 45 per cent enhance within the regular limits on entry to concessional financing, coupled with the elimination of laborious limits on entry for the poorest nations, Xinhua information company quoted the assertion as additional saying.

“The determination to lift entry limits is just not a directive to lend extra throughout all IMF packages,” Sean Nolan, deputy director of the IMF’s technique coverage and assessment division, instructed reporters later within the day.

“It offers the pliability to supply extra zero curiosity financing for nations with sturdy financial packages to deal with the pandemic and the trail to full restoration,” Nolan stated.

The IMF government board additionally accredited a two-stage funding technique to cowl the price of pandemic-related concessional lending and assist the sustainability of the Poverty Reduction and Growth Trust (PRGT), which is tailor-made to the various wants of low-income nations.

In the primary stage, the IMF will search to safe about $four billion in subsidy sources wanted to finance zero curiosity lending from the PRGT.

Meanwhile, the IMF will search to mobilize about $18 billion in new PRGT mortgage sources from PRGT lenders.

The transfer got here because the demand from low-income nations for IMF monetary assist is predicted to stay excessive over the subsequent few years.

The IMF has supplied monetary assist to 53 of 69 eligible low-income nations in 2020 and within the first half of 2021, with about $14 billion disbursed as zero p.c rate of interest loans from the PRGT.

–IANS

ksk/

(Only the headline and movie of this report might have been reworked by the Business Standard employees; the remainder of the content material is auto-generated from a syndicated feed.)

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HealthifyMe raises $75 mn funding from Khosla Ventures, LeapFrog https://bmagblog.org/bs-reviews/healthifyme-raises-75-mn-funding-from-khosla-ventures-leapfrog https://bmagblog.org/bs-reviews/healthifyme-raises-75-mn-funding-from-khosla-ventures-leapfrog#respond Wed, 21 Jul 2021 22:53:33 +0000 https://bmagblog.org/uncategorized/healthifyme-raises-75-mn-funding-from-khosla-ventures-leapfrog HealthifyMe raises $75 mn funding from Khosla Ventures, LeapFrog

HealthifyMe said its users have lost 20 million pounds of weight, tracked over 1 billion foods and burnt over 66 billion calories working out on HealthifyMe. Topics HealthifyMe | fundings | LeapFrog HealthifyMe, an AI health and fitness app, has raised $75 million in a Series C round led by LeapFrog and Khosla Ventures. HealthQuad, Unilever Ventures, and Elm…

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HealthifyMe raises $75 mn funding from Khosla Ventures, LeapFrog

HealthifyMe stated its customers have misplaced 20 million kilos of weight, tracked over 1 billion meals and burnt over 66 billion energy understanding on HealthifyMe.

Topics

HealthifyMe | fundings | LeapFrog

HealthifyMe, an AI well being and health app, has raised $75 million in a Series C spherical led by LeapFrog and Khosla Ventures. HealthQuad, Unilever Ventures, and Elm (Saudi Arabia PIF entity) additionally participated within the spherical together with present traders Chiratae Ventures, Inventus Capital and Sistema Asia Capital. It takes the entire capital raised by HealthifyMe to over $100 million until now.

The firm will use the funds to develop in India and Southeast Asia, make inroads into North America, in addition to to accumulate related corporations within the digital well being and health house. It may even be investing closely behind its AI-powered HealthifySmart Plans and intends to double its present engineering and design power. It will moreover be hiring senior management members throughout operations, advertising, HR and expertise.

“We are excited to accomplice with Leapfrog, Khosla Ventures and different international traders in our mission to healthify a billion individuals,” stated Tushar Vashisht, Co-founder and CEO, HealthifyMe. “We are already the market leaders in India and Southeast Asia and by combining AI and human empathy, we can deliver results in weight and lifestyle disease management at a fraction of the cost possible today.”

According to WHO, weight problems has doubled because the flip of the century and virtually 40 per cent of all adults globally – 2 billion individuals – are obese or overweight leading to four million deaths per yr. Through the pandemic, the worldwide marketplace for digital well being, weight reduction and situation administration grew quickly as customers continued to care extra for his or her well being, handle their continual circumstances and discover methods to be in form from the consolation of their houses. This has created a number of unicorns within the US, equivalent to Noom, doing lots of of hundreds of thousands of {dollars} in income.

HealthifyMe stayed resilient via the pandemic and has in actual fact doubled its person base and income within the final one yr. It crossed 25 million downloads just lately and is on monitor to hit $50 million ARR (annual recurring income) throughout the subsequent six months – changing into doubtlessly the most important well being & health app outdoors the US and China. HealthifyMe stated its customers have misplaced 20 million kilos of weight, tracked over 1 billion meals and burnt over 66 billion energy understanding on HealthifyMe.

“I’ve been monitoring HealthifyMe for a number of years now. What they’ve achieved in India with their AI teaching resolution at scale is really pioneering for well being and health globally,” stated Vinod Khosla, founding accomplice at Khosla Ventures. “We are excited in regards to the potential as they scale globally – particularly in North America, the place 2 out three adults are obese or overweight.”

While HealthifyMe’s base has been India, it has been increasing internationally and now almost 25 per cent of its revenues come from outdoors India. In a number of markets equivalent to Malaysia, Singapore, HealthifyMe has demonstrated with the ability to localise its providing and set up product-market slot in native populations past Indian expats. It intends to copy the identical in North America within the close to future.

Dr. Biju Mohandas, accomplice at LeapFrog and the agency’s international co-leader for Health Investments, stated investing in prevention and therapy of continual illness and underlying drivers, equivalent to weight problems, has lengthy been a spotlight for LeapFrog’s healthcare workforce. He stated HealthifyMe has created a strong intersection between well being and expertise that may be accessed by 760 million smartphone customers from India’s metropolitan cities to small rural cities. “With our funding targeted on the highly effective synergy of revenue with goal, HealthifyMe will influence hundreds of thousands of extra customers the world over via assist, training, and well being companies at a time when the chance to life has by no means been better.”

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Business Standard has at all times strived arduous to supply up-to-date info and commentary on developments which can be of curiosity to you and have wider political and financial implications for the nation and the world. Your encouragement and fixed suggestions on the best way to enhance our providing have solely made our resolve and dedication to those beliefs stronger. Even throughout these troublesome instances arising out of Covid-19, we proceed to stay dedicated to retaining you knowledgeable and up to date with credible information, authoritative views and incisive commentary on topical problems with relevance.


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As we battle the financial influence of the pandemic, we’d like your assist much more, in order that we are able to proceed to give you extra high quality content material. Our subscription mannequin has seen an encouraging response from lots of you, who’ve subscribed to our on-line content material. More subscription to our on-line content material can solely assist us obtain the objectives of providing you even higher and extra related content material. We consider in free, honest and credible journalism. Your assist via extra subscriptions may also help us practise the journalism to which we’re dedicated.

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3.1 million domestic air passengers in June, 47% higher than in May: DGCA https://bmagblog.org/bs-reviews/3-1-million-domestic-air-passengers-in-june-47-higher-than-in-may-dgca https://bmagblog.org/bs-reviews/3-1-million-domestic-air-passengers-in-june-47-higher-than-in-may-dgca#respond Tue, 20 Jul 2021 01:46:08 +0000 https://bmagblog.org/uncategorized/3-1-million-domestic-air-passengers-in-june-47-higher-than-in-may-dgca 3.1 million domestic air passengers in June, 47% higher than in May: DGCA

Indian airlines are allowed to operate a maximum of 65 per cent of their pre-pandemic domestic flights. Topics DGCA | Domestic Air Traffic | Aviation sector Around 31.13 lakh domestic passengers travelled by air in June, 47 per cent higher than the 21.15 lakh who travelled in May, the country's aviation regulator said Monday. According to the Directorate General…

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3.1 million domestic air passengers in June, 47% higher than in May: DGCA

Indian airways are allowed to function a most of 65 per cent of their pre-pandemic home flights.

Topics

DGCA | Domestic Air Traffic | Aviation sector

Around 31.13 lakh home passengers travelled by air in June, 47 per cent increased than the 21.15 lakh who travelled in May, the nation’s aviation regulator stated Monday.

According to the Directorate General of Civil Aviation (DGCA), 57.25 lakh individuals had travelled throughout the nation by air in April.

The drop in home air visitors in May was because of the second wave of the COVID-19 pandemic that had badly hit the nation and its aviation sector.

While IndiGo carried 17.02 lakh passengers in June, a 54.7 per cent share of the home market, SpiceJet flew 2.81 lakh passengers, accounting for a 9 per cent share of the market, in keeping with the information shared by the DGCA.

Air India, GO FIRST (beforehand often known as GoAir), Vistara and AirAsia India carried 5.14 lakh, 2.58 lakh, 2.25 lakh and 1.07 lakh passengers, respectively in June, the information confirmed.

The occupancy fee or the load issue of the six main Indian airways was between 54.four per cent and 71 per cent in June, it acknowledged.

The occupancy fee at SpiceJet was 71 per cent in June, the DGCA famous.

The occupancy charges for IndiGo, Vistara, GO FIRST, Air India and AirAsia India had been 62.7 per cent, 60 per cent, 70.9 per cent, 58.four per cent and 54.four per cent, respectively, it added.

The aviation sector has been considerably impacted because of the journey restrictions imposed in India and different international locations in view of the pandemic.

India resumed home passenger flights on May 25 final 12 months after a niche of two months because of the coronavirus pandemic.

Indian airways are allowed to function a most of 65 per cent of their pre-pandemic home flights.

The DGCA information talked about that in June, IndiGo had the most effective on-time efficiency of 98.5 per cent at 4 metro airports — Bengaluru, Delhi, Hyderabad and Mumbai.

AirAsia India and SpiceJet had been on the second and third positions at these 4 airports in June with 98.2 per cent and 96.7 per cent on-time efficiency respectively, the DGCA stated.

All airways in India have opted for cost-reducing measures corresponding to pay cuts, go away with out pay and layoffs as a way to tide over the disaster.

(Only the headline and film of this report could have been reworked by the Business Standard employees; the remainder of the content material is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has at all times strived onerous to supply up-to-date data and commentary on developments which are of curiosity to you and have wider political and financial implications for the nation and the world. Your encouragement and fixed suggestions on the right way to enhance our providing have solely made our resolve and dedication to those beliefs stronger. Even throughout these troublesome occasions arising out of Covid-19, we proceed to stay dedicated to maintaining you knowledgeable and up to date with credible information, authoritative views and incisive commentary on topical problems with relevance.


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India records 38,079 fresh Covid-19 cases, 560 deaths in last 24 hours https://bmagblog.org/bs-reviews/india-records-38079-fresh-covid-19-cases-560-deaths-in-last-24-hours https://bmagblog.org/bs-reviews/india-records-38079-fresh-covid-19-cases-560-deaths-in-last-24-hours#respond Sun, 18 Jul 2021 03:55:13 +0000 https://bmagblog.org/uncategorized/india-records-38079-fresh-covid-19-cases-560-deaths-in-last-24-hours India records 38,079 fresh Covid-19 cases, 560 deaths in last 24 hours

India recorded 38,079 new coronavirus cases, which took the infection tally to 31,064,908, while the death toll reached 413,091 with 560 more fatalities, according to Union health ministry data Topics Coronavirus | Coronavirus Tests | Death toll ALSO READ Euro Cup 2021: Ronaldo's record, Uefa Euro winners list, other key stats England vs Italy: What to expect from Euro…

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India records 38,079 fresh Covid-19 cases, 560 deaths in last 24 hours

India recorded 38,079 new coronavirus circumstances, which took the an infection tally to 31,064,908, whereas the loss of life toll reached 413,091 with 560 extra fatalities, based on Union well being ministry information

Topics

Coronavirus | Coronavirus Tests | Death toll

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India sees file 4,187 Covid-19 deaths, 401,078 circumstances in a single day

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India registers 281,386 Covid-19 circumstances, 4,106 deaths in final 24 hours

India recorded 38,079 new coronavirus circumstances, which took the an infection tally to three,10,64,908, whereas the loss of life toll reached 4,13,091 with 560 extra fatalities, based on Union well being ministry information up to date on Saturday.

The energetic circumstances have declined to 4,24,025 and comprise 1.36 per cent of the whole infections, whereas the nationwide COVID-19 restoration charge stands at 97.31 per cent, the info up to date at eight am confirmed.

It mentioned that energetic COVID-19 circumstances have decreased by 6,397 in a span of 24 hours.

The ministry mentioned that 19,98,715 checks have been performed on Friday, taking the whole cumulative checks performed for detection of COVID-19 within the nation to 44,20,21,954.

The day by day positivity charge was recorded at 1.91 per cent and it has been lower than three per cent for 26 consecutive days, it mentioned.

The weekly positivity charge stands at 2.10 per cent, based on the well being ministry.

The quantity of people that have recovered from the illness has risen to three,02,27,792, whereas the case fatality charge has elevated to 1.33 per cent, the info said.

The complete vaccine doses administered has reached 39.96 crore underneath the nationwide vaccination drive.

India’s COVID-19 tally had crossed the 20 lakh-mark on August 7, 30 lakh on August 23, 40 lakh on September 5 and 50 lakh on September 16 final 12 months.

It went previous 60 lakh on September 28, 70 lakh on October 11, crossed 80 lakh on October 29, 90 lakh on November 20 and surpassed the one crore-mark on December 19 final 12 months.

India crossed two crore circumstances on May Four and three crore circumstances on June 23.

The 560 new fatalities included 167 deaths from Maharashtra and 130 from Kerala, the ministry mentioned.

In complete, 4,13,091 deaths have been reported within the nation, together with 1,26,727 from Maharashtra, 36,079 from Karnataka, 33,652 from Tamil Nadu, 25,023 from Delhi, 22,711 from Uttar Pradesh, 17,980 from West Bengal and 16,215 from Punjab.

The ministry mentioned that greater than 70 per cent of the deaths occurred on account of comorbidities.

“Our figures are being reconciled with the Indian Council of Medical Research,” the ministry mentioned on its web site, including that state-wise distribution of figures is topic to additional verification and reconciliation.

(Only the headline and film of this report might have been reworked by the Business Standard workers; the remainder of the content material is auto-generated from a syndicated feed.)

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79% believe household earnings will dip in FY22 as against FY21: Survey https://bmagblog.org/bs-reviews/79-believe-household-earnings-will-dip-in-fy22-as-against-fy21-survey https://bmagblog.org/bs-reviews/79-believe-household-earnings-will-dip-in-fy22-as-against-fy21-survey#respond Fri, 16 Jul 2021 06:46:32 +0000 https://bmagblog.org/uncategorized/79-believe-household-earnings-will-dip-in-fy22-as-against-fy21-survey 79% believe household earnings will dip in FY22 as against FY21: Survey

76% want Centre to cut excise duty on petrol and diesel as high fuel prices hit family budgets, says a Localcircles survey Topics Household savings | household budget | Coronavirus The second Covid wave, along with overall economic downturn brought about by the pandemic, seems to have hit the consumers and general public hard with as many as 79…

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79% believe household earnings will dip in FY22 as against FY21: Survey

76% need Centre to chop excise obligation on petrol and diesel as excessive gasoline costs hit household budgets, says a Localcircles survey

Topics

Household financial savings | family finances | Coronavirus

The second Covid wave, together with general financial downturn led to by the pandemic, appears to have hit the shoppers and common public onerous with as many as 79 per cent of them believing their family earnings will decline within the present monetary yr (FY22). 49 per cent anticipate a decline of their financial savings, a survey confirmed.

The survey, carried out by Localcirles, included 70,500 residents throughout 382 districts of India. Around 63 per cent of the respondents have been males, whereas 37 per cent have been ladies. 43 per cent respondents have been from tier-1 cities, 29 per cent from tier-2 cities and 28 per cent from tier-3, tier-Four cities and rural areas.

The survey additionally confirmed that 65 per cent households paid 25 per cent-100 per cent extra this yr for greens compared to December–February 2021 as many mandis have been closed. 79 per cent of respondents stated that on the month-to-month necessities/grocery prices, they’re getting much less worth for identical or extra money spent compared to December-February 2021.

A report by Kotak Institutional Securities in June prompt that the costs of family necessities like soaps, shampoos have elevated by Four per cent-20 per cent, edible oil by 12 per cent-42 per cent, packaged tea by Four per cent-Eight per cent and occasional by 2 per cent-7 per cent, to call a couple of.

Interestingly, 47 per cent shoppers anticipated coronavirus uncertainty to final 6-12 months of their family finances planning.

An overwhelming 76 per cent shoppers wished the federal government to cut back the excise obligation on petrol and diesel as increased gasoline costs have been hurting the already stretched households’ budgets, whereas the utmost respondents stated the duties must be lowered by a minimum of 20 per cent.

“India’s financial system began to recuperate from the primary Covid wave-led lockdowns and restrictions from September 2020 and lots of are but to completely recuperate from the large fall of their private earnings dealing with job loss, wage cuts and delays. Amidst the deadlier second wave of Covid, the rise in costs of family requirements has solely added a burden to family woes, particularly for low and middle-income incomes households,” the survey stated.

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Business Standard has all the time strived onerous to offer up-to-date data and commentary on developments which are of curiosity to you and have wider political and financial implications for the nation and the world. Your encouragement and fixed suggestions on tips on how to enhance our providing have solely made our resolve and dedication to those beliefs stronger. Even throughout these tough instances arising out of Covid-19, we proceed to stay dedicated to conserving you knowledgeable and up to date with credible information, authoritative views and incisive commentary on topical problems with relevance.


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Attach bank, demat accounts to recover due amount in Avon Corp case: Sebi https://bmagblog.org/bs-reviews/attach-bank-demat-accounts-to-recover-due-amount-in-avon-corp-case-sebi https://bmagblog.org/bs-reviews/attach-bank-demat-accounts-to-recover-due-amount-in-avon-corp-case-sebi#respond Wed, 14 Jul 2021 08:51:02 +0000 https://bmagblog.org/uncategorized/attach-bank-demat-accounts-to-recover-due-amount-in-avon-corp-case-sebi Attach bank, demat accounts to recover due amount in Avon Corp case: Sebi

Markets regulator Sebi on Tuesday ordered attachment of bank accounts as well as shares and mutual fund holdings of an individual to recover dues totalling around Rs 1.13 crore. Topics SEBI | demat account | Banking Markets regulator Sebi on Tuesday ordered attachment of bank accounts as well as shares and mutual fund holdings of an individual to recover…

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Attach bank, demat accounts to recover due amount in Avon Corp case: Sebi

Markets regulator Sebi on Tuesday ordered attachment of financial institution accounts in addition to shares and mutual fund holdings of a person to get better dues totalling round Rs 1.13 crore.

Topics

SEBI | demat account | Banking

Markets regulator Sebi on Tuesday ordered attachment of financial institution accounts in addition to shares and mutual fund holdings of a person to get better dues totalling round Rs 1.13 crore.

The restoration proceedings have been initiated towards one Pankaj Saraia after he didn’t pay superb imposed on him by Securities and Exchange Board of India (Sebi) in April 2020.

Sebi had levied a superb of Rs 1 crore on Saraia in a case pertaining to manipulation in issuance of world depository receipts (GDRs) of Avon Corporation.

Saraiya was chairman, managing director and chief govt officer of Avon on the time of violation. Avon had give you GDR points in June 2009.

In an attachment discover on Tuesday, Sebi has ordered attachment of financial institution in addition to demat accounts of the person to get better the pending dues.

The pending dues of Rs 1.13 crore contains preliminary penalty quantity, curiosity and restoration value, it added.

Sebi requested banks and depositories to not enable any debit from their accounts. However, credit have been permitted.

Further, the capital markets watchdog has directed the banks to connect all accounts, together with lockers, held by them.

The regulator mentioned there’s adequate cause to consider that the defaulter (Saraiya) might get rid of the quantities within the financial institution accounts and securities within the demat accounts and “realisation of quantity due beneath the certificates would in consequence be delayed or obstructed”.

In a discover to all banks within the nation, the regulator ordered to “connect with rapid impact…all accounts by no matter title, together with lockers of the defaulter, held both singly or collectively with some other individual, in your financial institution”.

The regulator has additionally requested banks, depositories and mutual funds to supply particulars of all accounts held by Saraia, together with copy of account statements. It has additionally sought full info of all mortgage accounts and advances.

In separate orders, the regulator has connected financial institution and demat accounts of Narendra Kumar Rathore and H Bhavesh Securities to get better Rs 8.67 lakh and Rs

5.45 lakh, respectively in two totally different instances.

The pending dues consists of preliminary penalty quantity, curiosity and restoration value, the orders famous.

The regulator levied a Rs Eight lakh penalty on Rathore in September 2020 within the matter of Malabar Trading Company.

Sebi imposed a superb of Rs 5 lakh on the brokerage home in August 2020 for flouting regulatory norms within the case of Spectacle Infotek, Goldstone Technologies, Gemstone Investments, LGS Global and Well Pack Papers and Containers.

(Only the headline and movie of this report might have been reworked by the Business Standard employees; the remainder of the content material is auto-generated from a syndicated feed.)

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Business Standard has all the time strived arduous to supply up-to-date info and commentary on developments which can be of curiosity to you and have wider political and financial implications for the nation and the world. Your encouragement and fixed suggestions on how one can enhance our providing have solely made our resolve and dedication to those beliefs stronger. Even throughout these tough instances arising out of Covid-19, we proceed to stay dedicated to protecting you knowledgeable and up to date with credible information, authoritative views and incisive commentary on topical problems with relevance.


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Maharashtra govt to set up coronavirus task force for industrial sector https://bmagblog.org/bs-reviews/maharashtra-govt-to-set-up-coronavirus-task-force-for-industrial-sector https://bmagblog.org/bs-reviews/maharashtra-govt-to-set-up-coronavirus-task-force-for-industrial-sector#respond Mon, 12 Jul 2021 11:41:48 +0000 https://bmagblog.org/uncategorized/maharashtra-govt-to-set-up-coronavirus-task-force-for-industrial-sector Maharashtra govt to set up coronavirus task force for industrial sector

The Maharashtra government will set up a COVID-19 task force for the industrial sector to ensure that the economic activity doesn't stop due to the pandemic, Chief Minister Uddhav Thackeray said on Monday. This task force will be monitored by the Chief Minister's Office (CMO). The CM gave the directions to set up the task…

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Maharashtra govt to set up coronavirus task force for industrial sector

The Maharashtra authorities will arrange a COVID-19 process drive for the economic sector to make sure that the financial exercise does not cease because of the pandemic, Chief Minister Uddhav Thackeray stated on Monday.

This process drive might be monitored by the Chief Minister’s Office (CMO).

The CM gave the instructions to arrange the duty drive throughout a digital assembly held with office-bearers of the CII (Confederation of Indian Industries).

“The risk of coronavirus nonetheless exists. To forestall additional issues, a process drive might be instantly arrange to make sure that the financial cycle will not be impacted,” the CM is quoted as saying as per an announcement issued by the Chief Minister’s Office (CMO).

During the assembly, Thackeray additionally mentioned oxygen manufacturing, inventory planning, mass vaccination of staff within the business to fight the attainable third wave of the pandemic.

The chief minister requested the CII members to make sure that the manufacturing exercise does not get impacted within the occasion of stringent lockdown-like restrictions and mentioned staggering work hours, making residential preparations for staff on the premises of factories, creation of bio bubble and so on., the assertion stated.

(Only the headline and film of this report might have been reworked by the Business Standard workers; the remainder of the content material is auto-generated from a syndicated feed.)

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Business Standard has all the time strived exhausting to supply up-to-date info and commentary on developments which can be of curiosity to you and have wider political and financial implications for the nation and the world. Your encouragement and fixed suggestions on find out how to enhance our providing have solely made our resolve and dedication to those beliefs stronger. Even throughout these tough occasions arising out of Covid-19, we proceed to stay dedicated to preserving you knowledgeable and up to date with credible information, authoritative views and incisive commentary on topical problems with relevance.


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