Covid 19 Impact

Retail securitisation volume soars over two-fold to Rs 33,000 crore in Q1

The pandemic shocks had retail securitisation volumes plunging in the first quarters of the past two fiscal years, but the trend was reversed with the normalization of economic activities, pushing the securitisation volume by 113 percent in Q1 to Rs 33,000 crore from Rs 15,500 crore a year ago

Fitch Ratings cuts China’s 2022 growth forecast amid uptick in COVID-19 cases

The ratings agency has; however, revised its 2023 growth forecast for China from 5.1 percent to 5.2 percent based on the assumption that Beijing would gradually phase out its ‘dynamic zero-Covid’ policy over the next year.

China's economic growth under threat as virus takes hold

Growth in the world's second-largest economy was already slowing in the latter half of last year with a property market slump and regulatory crackdowns, leading policymakers to set their lowest annual GDP target in decades for 2022.

MEA highlights plight of Indian students in China, asks Beijing to adopt ‘congenial stance’

The academic careers of thousands of Indian students enrolled in Chinese universities are in jeopardy right now as they are not being able to go back for physical classes due to the continuation of strict restrictions in China, the External Affairs Ministry told Beijing.

PM CARES for Children scheme to support kids orphaned by COVID-19, Smriti Irani tells Parliament

As of March 14, 8,973 applications for the PM Cares for Children Scheme have been uploaded on the portal out of which, 4302 applications have been approved by the respective district magistrates after due process.

Coachella to Return in April With Billie Eilish and Kanye West

Coachella, set for its usual two-weekend format, April 15-17 and April 22-24, at the Empire Polo Club in Indio, California, will return after two years mothballed by the pandemic.

'RRR' release postponed again due to rise in COVID-19 cases

Rise Roar Revolt, the Telugu-language film headlined by south stars – Ram Charan and N T Rama Rao Jr, was scheduled to arrive in cinema halls on January 7.

From Bill raising marriageable age of women to ensuring safety of Covid orphans, WCD had a busy 2021

Even though children remained less susceptible to COVID-19, about 1.32 lakh of them lost either of their parents and were at an increased risk of being exploited and trafficked, proving to be a major concern for the ministry.

Markets Sink on Omicron Fears and Setback on US Spending Plan

Global markets sunk on December 20, and Wall Street was poised for a drop, as investors took in the latest grim forecasts about the sudden surge in the omicron variant and a critical setback in President Joe Biden’s efforts to pass a massive domestic policy bill.

US stocks drop as virus fears add to volatility

Analysts cited comments from Moderna Chief Executive Stephane Bancel as a source of worry as he said that existing Covid-19 vaccines would have trouble countering the Omicron variant.

Stocks, oil tumble on virus variant fears, safe havens gain

Global stocks tumbled on November 26 and oil fell below $80 a barrel after news of a possibly vaccine-resistant coronavirus variant sent investors scurrying to the safety of bonds, the yen, and the Swiss franc.

Cryptocurrencies tumble as coronavirus variant shakes markets

Bitcoin has tumbled over 9%, dragging smaller tokens down, after the discovery of a new, potentially vaccine-resistant coronavirus variant saw investors dump riskier assets for the perceived safety of bonds, the yen, and the dollar.

Oil prices dive to two-month lows, spooked by new COVID-19 variant

Oil prices dived more than 5% on November 26, hitting a two-month low as a new COVID-19 variant spooked investors and added to concerns that a supply surplus could swell in the first quarter.

Rupee plunges by 37 paise against dollar on new COVID-19 variant worries

At the interbank foreign exchange market, the local currency opened at 74.60 and witnessed an intra-day high of 74.58 and a low of 74.92 against the US dollar in day trade.

EU says economic recovery threatened by COVID-19 resurgence

Only two weeks ago the EU executive had raised its growth forecast for an economy bouncing back from the worst of the pandemic. But EU Economy Commissioner Paolo Gentiloni said on Wednesday the upbeat picture was now in doubt again amid rising infections and with restrictions being reintroduced in a growing number of member states.

Airport infra sector expected to turn around this fiscal with Rs 3,200-crore operating profit: Report

The true-up of traffic for FY2021 has been considered in the current control period. Further, considering the impact of a second wave of the pandemic on air traffic in Q1 FY2022, the regulator has decided not to increase the tariff for FY2022, as the sector is in the recovery phase and an increase in tariffs had made with effect from April 1, 2022, ICRA said.

Why independent floors are staging a comeback this festive season

Homebuyers see this asset class as a low capital investment with limited project execution risks and quick possession. For developers, it is a means to generate quick cash flows.

One-third of employees feel disconnected with leadership: Report

The '2022 Global Culture Report' by OC Tanner, the global leader in employee recognition and workplace culture, is based on data gathered from over 38,000 employees, leaders, HR practitioners, and executives from 21 countries worldwide, including from over 5,500 respondents in India.