virendra pandit

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‘Despite Covid-19 second wave, India’s GDP may grow in double-digit’

April 21, 2021 virendra pandit 0

Virendra Pandit New Delhi: A day after Prime Minister Narendra Modi ruled out a nationwide lockdown to contain the second wave of Covid-19, reassuring the markets, ace investor Rakesh Jhunjhunwala on Wednesday said India’s GDP growth is likely to be in double-digits in fiscal 2021-22. His remarks matched that of the International Monetary Fund (IMF), […]

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Business: Bharat Biotech to ramp up Covaxin production cap to 70 cr jabs/yr

April 20, 2021 virendra pandit 0

Virendra Pandit New Delhi: With the Government of India announcing vaccination of all the people above 18 years of age from May 1, and taking a slew of measures to speed up the availability of jabs, Bharat Biotech International Ltd (BBIL) has decided to scale up production capacity for its indigenous Covaxin against Covid-19 to […]

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Economy: ‘Even localized lockdowns hitting Indian business’

April 20, 2021 virendra pandit 0

New Delhi: Jharkhand became the latest state in India to announce a partial ‘lockdown’ on Tuesday as it tried to break the chain of the second wave of Covid-19 pandemic, but such localized lockdowns have triggered a fresh exodus of panicked migrant workers and also hit economic activities across the country. In the second wave, […]

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Roving Periscope: US may export vaccine raw materials to India soon

April 20, 2021 virendra pandit 0

Virendra Pandit New Delhi: With India deciding to vaccinate all its citizens above 18 years of age from May 1 amid the soaring second wave of Covid-19, the United States is likely to lift an ‘embargo’ shortly on the export of raw materials used in manufacturing vaccines whose production is set to be ramped up […]

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Covid-19: Sensex crashes as second wave soars unabated

April 19, 2021 virendra pandit 0

Mumbai: The gory impact of the second wave of Covid-19 adversely impacted investors’ sentiment on Monday as the domestic benchmark indices nosedived, leaving the market bulls battered. Investors sold stocks across the board, resulting in a 1,469-point crash on the BSE barometer Sensex in intra-day trade. The index, however, recovered some losses and ended 883 […]

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Indian economy: Covid-19 second wave pushes recovery to Q2FY22

April 19, 2021 virendra pandit 0

Virendra Pandit New Delhi: With the second wave of Covid-19 intensifying since mid-March—which may continue to infect millions until June—the V-shaped recovery of the Indian economy expected in January 2021 is no longer possible and experts believe that the recovery, if any, would resume only in the second quarter of the current financial year (Q2FY22). […]

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Economy in pandemic: FM talks to India Inc., says govt wants to save lives, livelihoods

April 19, 2021 virendra pandit 0

Virendra Pandit New Delhi: Finance Minister Nirmala Sitharaman on Monday asserted that the government’s objective is to save both lives and livelihoods of the people in the present challenging times when the second wave of Covid-19 is wreaking havoc across India and other countries. After interacting with business heads and others, Sitharaman said she took […]

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Covid-19: With one mn added in just 2 months, over 3 mn dead so far in world

April 17, 2021 virendra pandit 0

Virendra Pandit New Delhi: After Covid-19 began to infect the world in January 2020, the first million deaths were recorded 10 months later (on September 28), the second million after five months (February 21, 2021), while the third million was added in less than two months (on April 17, 2021). Clearly, the coronavirus is mutating […]

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Covid-19: ‘To contain second wave, ban indoor gatherings for 2 months’

April 17, 2021 virendra pandit 0

Virendra Pandit New Delhi: Peer-reviewed American medical journal The Lancet’s Covid-19 Commission India Task Force has “strongly recommended” a complete ban for two months on all indoor public gatherings to break the chain of virus transmission and halt further spread of the pandemic whose second wave is wreaking havoc across the country with over two […]

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“Most Immediate”: Pakistan suspends all social media platforms for four hours

April 16, 2021 virendra pandit 0

Virendra Pandit New Delhi: Fearing large-scale unrest amid the second wave of Covid-19, Islamabad on Friday imposed a four-hour ban on the use of all social media platforms to contain mounting social, political, religious, and economic unrest due to the virtual collapse of the Imran Khan government on all fronts. However, the government gave no […]