THE WRAP Top US telecom operators are turning to India to source low-cost mobile phones as the US ratchets up national-security scrutiny of Chinese companies, handing Indian handset makers such as Micromax and Lava an opportunity to win millions of dollars worth of contract-manufacturing orders. The government will ensure that the covid-19 vaccine, whenever available, reaches each and every Indian as soon as possible, Prime Minister Narendra Modi said on Tuesday. Billionaire Gautam Adani is looking to buy a large power transmission project from debt-laden Essel group, two people aware of the discussions said. This will be the latest in a series of acquisitions that has helped shape his infrastructure conglomerate’s dominance in ports and airports. Hindustan Unilever Ltd (HUL) on Tuesday said the worst of the fallout from the coronavirus pandemic is over as India’s largest household goods maker reported an 8.7% increase in quarterly profit. The US justice department and 11 states filed an antitrust lawsuit against Alphabet Inc.’s Google on Tuesday for allegedly breaking the law in using its market power to fend off rivals. The Union road transport and highways ministry will soon issue national-level guidelines on shared mobility, focusing on pooling services by private car owners, to tackle pollution and decongest metros. With online festive season sales in full swing, e-commerce firms have seen a sharp uptick in credit products aimed at attracting small-town shoppers eyeing big-ticket appliances. DEEP DIVES
1. Why doubt looms over Diwali dhamaka
Wary consumers are still unwilling to step out or spend extravagantly. What’s at stake in the run-up to Diwali? Read Full Story >
2. The drop in sales of two-wheelers is worse in reality
The actual sales of motorcycles, scooters and mopeds, might actually be lower than revealed Read Full Story >
3. Resilient rural demand holds the fort for HUL in September quarter
The firm exceeded Bloomberg’s analysts’ consensus forecast on net profit and revenue growthThe  govt’s measures focused on boosting the rural economy are expected to keep demand in good stead Read Full Story >
4. Keep vaccine jabs free of digital health cards
On Monday, PM Narendra Modi indicated that a digital health card programme under NDHM, would be deployed to ensure the rapid immunization of IndiansAn expert group tasked with overseeing vaccine administration has started mapping cold-chain facilities Read Full Story >
We believe the worst is behind us and are cautiously optimistic on demand recovery. Our operations and service levels are now back to pre-covid levels and we have accelerated the pace of digitizing our operations. SANJIV MEHTA, Chairman and Managing Director, HUL
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