January 16, 2022

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Omicron spread: Vaccinate teens in mission mode, says PM Narendra Modi

Omicron spread: Vaccinate teens in mission mode, says PM Narendra Modi

Prime Minister Narendra Modi, chairing a high-level review meeting on Sunday, called for accelerating vaccination in the 15-18 age group in mission mode and ensuring adequate health infrastructure in districts. The review meeting, held to take stock of the country’s Covid preparedness, came on the day India registered around 160,000 cases and the daily positivity rate crossed 10 per cent. India has given the first dose of the Covid vaccine to 31 per cent the adolescents aged 15-18 years so ...
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Google hit with 150 million euro French fine for cookie breaches

Google hit with 150 million euro French fine for cookie breaches

France's data privacy watchdog CNIL said on Thursday it had fined Alphabet's Google a record 150 million euros ($169 million) for making it difficult for internet users to refuse online trackers known as cookies. Meta Platforms' Facebook was also fined 60 million euros for the same reason, the CNIL said. "The CNIL has found that the facebook.com, google.fr and youtube.com websites do not allow to refuse cookies as easily as it is to accept them", the watchdog said in a statement, also citing Google's ...
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Rising Covid cases dampen hopes of India box office touching Rs 2,000 crore in Q1

Rising Covid cases dampen hopes of India box office touching Rs 2,000 crore in Q1

Just when India’s box office business was seeing a strong recovery, rising cases of Covid-19 and its new variant, Omicron, have slowed the growth momentum. The release of big-budget films has been pushed after some states asked theatres to close and others restricted capacity. These factors are once again putting pressure on the box-office business. According to film producer and trade business analyst Girish Johar, Indian films were estimated to earn Rs 1,500-2,000 crore during the first three months of 2022. However, the concerns over a ...
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IMF delays release of new forecast to January 25 to factor in COVID-19 developments

IMF delays release of new forecast to January 25 to factor in COVID-19 developments

The International Monetary Fund has delayed the release of its World Economic Outlook by one week to January 25 to factor in the latest COVID-19 developments, a spokesperson for the global lend. The World Economic Outlook update will be launched on January 25 to allow our teams to incorporate the latest developments related to the COVID-19 pandemic into the economic forecasts," the spokesperson said. IMF spokesperson Gerry Rice had told reporters last month the update to the fund’s forecast would ...
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IndiGo limits flights connecting West Bengal to Delhi Mumbai to Mondays and Fridays

IndiGo limits flights connecting West Bengal to Delhi, Mumbai to Mondays and FridaysIndiGo limits flights connecting West Bengal to Delhi, Mumbai to Mondays and Fridays

Budget carrier IndiGo airlines announced on January 3 that it will limit its flights connecting Kolkata, Durgapur, and Bagdogra to Delhi and Mumbai to Mondays and Fridays. The announcement comes a day after the West Bengal government announced, along with a slew of fresh COVID-19 curbs in view of rising coronavirus cases, that it will allow domestic passenger flights connecting the state to Delhi and Mumbai only twice per week. A statement released by the airline read: “In line with the guidelines ...
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Covid-19 pandemic: Mumbai sees 8,063 fresh cases and no death

Covid-19 pandemic: Mumbai sees 8,063 fresh cases and no death

Mumbai recorded a steep rise in the daily coronavirus cases with 8,063 infections on Sunday, 1,763 more than the figure added to the tally on Saturday, the civic body said. The city did not see any death during the day due to the infection and 89 per cent of the cases reported are asymptomatic, it added. On Saturday, the city recorded 6,347 infections, and Sunday’s addition was a rise of 27 per cent, officials pointed out. TAGGED ...
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Apple puts India iPhone maker Foxconn on probation for labour violations

Apple puts India iPhone maker Foxconn on probation for labour violations

Apple Inc. put Foxconn Technology Group’s factory in southern India on probation following worker protests and an investigation that revealed substandard living conditions. Foxconn, which uses the facility to assemble iPhones among other gadgets, apologized for the lapses in health standards and pledged to revamp its management and operations in the country. The factory, located in Sriperumbudur on the outskirts of Chennai, was shut down after the protests and will resume operations once “necessary improvements” are made. Apple’s key assembly partner has grappled ...
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Asian shares rise, yen falls as traders shrug off Omicron fears

Asian shares rise, yen falls as traders shrug off Omicron fears

By Administrator_India Capital Sands Asian shares gained on Tuesday, cruising in the slipstream of another record-setting day on Wall Street amid strong retail figures, while the safe-haven yen lost ground as traders stayed in riskier currencies and asset classes like equities. A variety of asset classes from oil to Japan's Nikkei Stock Average are now trading at around one-month highs, having walked back losses from late November when the Omicron variant of COVID-19 first emerged and sent investors scurrying for safe havens ...
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RBL Bank shares slump today. What brokerages say on the stock?

RBL Bank shares slump today. What brokerages say on the stock?

Asian stock markets were generally weaker  in holiday-thinned trading on Monday, as uncertainty over the economic impact of the Omicron coronavirus variant weighed on investor sentiment. U.S. airlines have cancelled or delayed thousands of flights over the past three days due to COVID-19-related staff shortages, while several cruise ships had to cancel stops after outbreaks on-board. In Asia, China reported its highest daily rise in local COVID-19 cases in 21 months over the weekend as infections more than doubled in ...
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Ola's dream of world's biggest e-scooter factory hits hurdle

Ola’s dream of world’s biggest e-scooter factory hits hurdle

By Administrator_India Capital Sands Ola Electric Mobility Pvt., the Indian startup that’s pledged to build the world’s biggest electric scooter factory, doled out a handful of brightly-hued bikes earlier this month, complete with drummers and a saxophonist to mark the occasion. Founder Bhavish Aggarwal came to thank some 100 customers who brought along family and friends. But beyond the colorful proceedings, Ola isn’t living up to its lofty ambitions. Mass production of its e-scooters is likely to be pushed back ...
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