Lakshmi Vilas Bank
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The Indian economy will recover to grow at 3.1% in FY22, as per the report. (Bloomberg)
The Indian economy will recover to grow at 3.1% in FY22, as per the report. (Bloomberg)

Indian economy to escape recession early next year on covid-19 vaccine

  • The recent vaccine news has boosted Indian stocks to repeated record highs and fueled hopes of a pick-up in economic activity
  • The recovery still faces several downside risks, including the availability and the distribution of vaccines to over 1.3 billion people in the country

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Mishra pointed out that 1.1 crore homes were vacant as per 2011 census as people fear to give their homes on rent. Photo: Mint
A medical worker wearing protective gear collects a nasal swab sample from a man for a Rapid Antigen Test (RAT) for the Covid-19 coronavirus (AFP)
A medical worker wearing protective gear collects a nasal swab sample from a man for a Rapid Antigen Test (RAT) for the Covid-19 coronavirus (AFP)

Govt announces new coronavirus guidelines from 1 December: Details here

  • States and UTs, based on their assessment of the situation, may impose local restrictions, with a view to contain the spread of COVID-19
  • Authorities may consider administrative actions, including imposition of appropriate fines, on persons not wearing face masks in public and work spaces, MHA added

Gland’s portfolio comprises of complex products as injectables, which are relatively difficult to manufacture and hence see less competition (Mint)
Gland’s portfolio comprises of complex products as injectables, which are relatively difficult to manufacture and hence see less competition (Mint)

After slow IPO, Gland Pharma finds more takers in secondary markets

  • The stock is now at 2053, up 37% over its offer price of 1500 during the IPO
  • In the US market, Gland Pharma files new product applications and owns IP rights for various filings

For the next 12 months, the company expects 15% growth in gold loans and 15-20% increase in profit, managing director George Alexander Muthoot said. Photo: HT

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People run from the Marina beach after sudden heavy rains before Cyclone Nivar's landfall, in Chennai. (Photo: Reuters)
FILO was founded by Imbesat Ahmad and Shadman Anwar to break the vicious cycle of poverty and illiteracy. (Digpu)
FILO was founded by Imbesat Ahmad and Shadman Anwar to break the vicious cycle of poverty and illiteracy. (Digpu)
BRAND POST

IIT & Super30 alumni launch Uber-like study help app FILO for K12 students

FILO is a sachet education app that aims to bridge the foundational divide for millions of deserving students of India with a lifeline - a simple video call that connects students with expert teachers.

The latest fund-raise follows a round in September when it raised $150 million led by SoftBank Vision Fund 2. (iStockphoto)
The latest fund-raise follows a round in September when it raised $150 million led by SoftBank Vision Fund 2. (iStockphoto)

Unacademy raises fresh funds at $2 billion valuation

  • The latest fund-raise follows a round in September when it raised $150 million led by SoftBank Vision Fund 2
  • Unacademy has over 47,000 educators, teaching in over 14 Indian languages, and leaners spread across 5,000 cities

From increasing quality levels to optimising operational efficiencies and taking advantage of the present increased demand, businesses are drawing up long term and short term plans to recover.
From increasing quality levels to optimising operational efficiencies and taking advantage of the present increased demand, businesses are drawing up long term and short term plans to recover.
PROMOTIONAL

Using technology to tide over the Covid-19 wave

A virtual panel discussion titled ‘Hit Refresh: Business Resilience in a post-Covid World’, discusses strategies that companies should adopt by using technology to tide over the new normal

Consumer durables and smartphone makers are also expected to splurge on promoting festive sales. Mint
.Trai expects India to require 4.68 billion numbers by 2050. Photo: Pradeep Gaur/Mint
As a mitigation strategy, India will have to shift working hours for outdoor workers, undertake heat management efforts in the cities, and also consider movement of labour and capital out of high-risk areas. (HT)
As a mitigation strategy, India will have to shift working hours for outdoor workers, undertake heat management efforts in the cities, and also consider movement of labour and capital out of high-risk areas. (HT)

Rising temperatures poses $200 billion risk to the Indian GDP: Report

  • Without targeted adaptation action, around 160-200 million people in India could annually bear a 5 per cent chance of being exposed to a lethal heat wave as early as 2030

Lakshmi Vilas Bank (Photo: Priyanka Parashar/Mint)
Sensex tumbled nearly 700 points to 43,828
Digital audio-visual content, including films and web shows on over-the-top streaming platforms, as well as news and current affairs on online platforms have come under the purview of the ministry of information and broadcasting.. Photo Imaging: Kishore Rawat
Digital audio-visual content, including films and web shows on over-the-top streaming platforms, as well as news and current affairs on online platforms have come under the purview of the ministry of information and broadcasting.. Photo Imaging: Kishore Rawat

Media, content creators await standard regulations for OTT

  • The right way forward would be to create a framework of standard practices that would be common to all platforms and settle on a denominator acceptable to all, experts said

(Photo: Reuters)
A health worker wearing protective gear collects a swab sample from a man for a RT-PCR test for coronavirus. (AFP)
FILE - In this Wednesday, Aug. 5, 2020 file photo, senior Clinical Research Nurse Ajithkumar Sukumaran prepares the COVID 19 vaccine to administer to a volunteer, at a clinic in London. The British government on Thursday, Sept. 24, 2020 says it may take part in a study that tries to deliberately infect volunteers who have been given an experimental vaccine against the coronavirus in an effort to more quickly determine if the vaccine works. The approach, called a challenge study, is risky but proponents think it may produce results faster than typical studies, which wait to see if volunteers who have been given an experimental treatment or a dummy version get sick.  (AP Photo/Kirsty Wigglesworth, File) (AP)
FILE - In this Wednesday, Aug. 5, 2020 file photo, senior Clinical Research Nurse Ajithkumar Sukumaran prepares the COVID 19 vaccine to administer to a volunteer, at a clinic in London. The British government on Thursday, Sept. 24, 2020 says it may take part in a study that tries to deliberately infect volunteers who have been given an experimental vaccine against the coronavirus in an effort to more quickly determine if the vaccine works. The approach, called a challenge study, is risky but proponents think it may produce results faster than typical studies, which wait to see if volunteers who have been given an experimental treatment or a dummy version get sick. (AP Photo/Kirsty Wigglesworth, File) (AP)

When and how will covid-19 vaccines become available?

If regulators approve any of the vaccines in coming weeks, the companies have said distribution could begin almost immediately with governments around the world to decide who gets them and in what order. The following is an outline of the process

Puma is the top-selling international sportswear brand on Myntra. Photo: AFP
Puma is the top-selling international sportswear brand on Myntra. Photo: AFP

Puma eyes 500 crore sales on Myntra next year

  • Puma and Myntra will deepen their engagement with the sports company dropping more of its pricey global sneaker collections, doubling down its kids wear collection and increasing its women’s wear offering on the platform

Photo: iStock
S&P Global has downgraded DIAL long-term issue rating on its senior secured notes to 'B-'
S&P Global has downgraded DIAL long-term issue rating on its senior secured notes to 'B-'

S&P downgrades DIAL's long term rating on secured notes

  • According to S&P Global, an obligation rated 'B' is more vulnerable to non-payment than obligations rated 'BB', but states that the obligor currently has the capacity to meet its financial commitments on the obligation

Educational institutions in the country have been closed since March in view of the coronavirus pandemic. (HT )
Screening of cold chain products for the virus showed the detection ratio was 0.48/10,000 (Photo: AP)
Crash test of Mahindra Thar 2020
Cabinet on Wednesday approved the infusion of  ₹6,000 crore equity in NIFF debt platform. Photo: Hemant Mishra/Mint
Cabinet on Wednesday approved the infusion of 6,000 crore equity in NIFF debt platform. Photo: Hemant Mishra/Mint

Cabinet approves equity infusion of 6,000 crore into NIIF

  • This move will help the entity raise 1.10 lakh crore by 2025 for financing infrastructure projects
  • NIIF’s investment platform is a perfect example of how international and Indian investors can collaborate to provide long-term sustainable investment in the core infrastructure sector, said analyst

Photo: Ramesh Pathania/Mint
(Photo: PTI)
The current round of job cuts should be completed by the end of the first-half of 2021 (Photo: AP)
The current round of job cuts should be completed by the end of the first-half of 2021 (Photo: AP)

IBM planning about 10,000 job cuts in Europe ahead of unit sale

  • The wide-ranging losses will affect about 20% of staff in the region.
  • The UK and Germany are set to be most impacted, with cuts also planned in Poland, Slovakia, Italy and Belgium

A Lakshmi Vilas Bank branch in Chennai (ANI)
Shares of Laurus Labs fell 1.62% to close at  ₹285.05 on Wednesday on BSE, while the benchmark index, Sensex lost 1.56% to close at 43828.10 points. (Bloomberg)
(Photo: Reuters)
The SUV managed to achieve four stars for both adult and child occupants
A poster of Jallikattu
A poster of Jallikattu

Lijo Jose's 'Jallikattu' is India's official Oscar entry

The film, which was unanimously chosen from 27 entries across Hindi, Odiya, Marathi and other languages, follows a bull that escapes from a slaughterhouse in a hilly remote village and the entire village men gathering to hunt down the animal

Launched in October 2018, Mint’s macro tracker provides a monthly state-of-the-economy report based on trends in 16 high-frequency indicators across 4 segments: consumer economy, producer economy, external sector, and ease of living.
Launched in October 2018, Mint’s macro tracker provides a monthly state-of-the-economy report based on trends in 16 high-frequency indicators across 4 segments: consumer economy, producer economy, external sector, and ease of living.

Some warning signs in India’s economic report card

  • The pace of recovery in the Indian economy is slowing, high-frequency indicators suggest. Among 16 indicators considered in Mint’s macro tracker, half were in the red in October, latest numbers show

SBI and HDFC Bank have exposure of $6,984 million to projects that pose a risk to biodiversity
Graphic: Mint
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