Indian News

Pharma firm in India to make Russia's Sputnik V COVID-19 vaccine

Eco/Invest/Demography, Health, Pandemic       Nov 27, 2020

MOSCOW: Indian pharmaceutical company Hetero will manufacture over 100 million doses of the Russian Sputnik V COVID-19 vaccine per year under the terms of a deal unveiled on Friday between it and Russia’s RDIF sovereign wealth fund. The move, which RDIF cast as another step...

Five COVID-19 patients killed in Gujarat hospital fire

Eco/Invest/Demography       Nov 27, 2020

AHMEDABAD: Five patients were killed in India on Friday in a fire that broke out in a COVID-19 ward, the fourth blaze in a novel coronavirus hospital since the outbreak began, which drew angry questions from the Supreme Court. The early morning blaze in Rajkot...

New Delhi ambulance group grapples with surging COVID-19 quarantine deaths

Eco/Invest/Demography, Health, Non-Life, Pandemic       Nov 27, 2020

  NEW DELHI: Wearing a yellow turban and white overalls, Jitender Singh Shunty and three of his coworkers carefully pulled the body of a 57-year-old COVID-19 victim out of his bedroom in a house in New Delhi’s west and onto an ambulance waiting downstairs. A second...

Lakshmi Vilas Bank becomes DBS India; 94-year old bank part of history now

  New Delhi: Tamil Nadu-based Lakshmi Vilas Bank (LVB) with pre-independence lineage on Friday lost its identity after its merger with the Indian subsidiary of Singapore''s DBS Bank.  The debt-ridden 94-year old old bank''s fate was sealed with Union Cabinet headed by Prime Minister Narendra Modi...

Fiscal deficit at 120 pc of annual target at October-end

Eco/Invest/Demography, Health, Pandemic       Nov 26, 2020

  New Delhi: The Union government's fiscal deficit further widened to Rs 9.53 lakh crore, which is nearly 120 per cent of the annual budget estimate, at the end of October of the current financial year, according to official data released on Friday. The deficit widened...

Indian economy contracts 7.5 pc in Q2, recovery seen next year

Eco/Invest/Demography, Health       Nov 27, 2020

  NEW DELHI: The Indian economy shrank for the second straight quarter through September, although it showed signs of a pick-up after the easing of pandemic restrictions that triggered a record contraction in the previous quarter.India’s gross domestic product in July-September quarter contracted 7.5% on year,...

Delhi govt advertises for 60 environmental scientists

New Delhi: Thousands of families who live near a smouldering waste landfill in a northern corner of India’s capital have boarded up their doors and windows because they say the air outside is so toxic that they would be coughing all day. New Delhi has...

Gold jewellery demand to decline 35 pc in FY21: Icra

Mumbai: Gold jewellery demand is expected to contract by 35 per cent in volume terms this fiscal, hit by the coronavirus pandemic and high prices, according to a report. The demand is likely to see a rebound in the second half of this financial year...

Modi sees $20 billion annual investment in green energy sector

Eco/Invest/Demography       Nov 26, 2020

New Delhi: Indian Prime Minister Narendra Modi said on Thursday he expects the energy-hungry country's burgeoning renewable energy sector to require an annual investment of $20 billion a year. "Demand for energy in India will keep growing. There are huge renewable energy deployment plans for...

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