Page 30 - Latest Updates on Covid-19

Forced savings rise as Indians uncertain about spending amid Covid-19: UBS

India's gross savings fell to 29 per cent of GDP in FY20 as per UBS' estimates from 34.6 per cent of GDP in FY12

Domestic air passenger traffic expected to shrink by 40-45% in FY21: Crisil

Similarly, India's air passenger traffic in the international sector is expected to plunge by 60-65 per cent, Crisil Research said

Tamil Nadu to start administering BCG vaccine to the elderly on pilot basis

The vaccine shall be administered on trial basis on adults aged 60-95, with the aim of reducing the Covid mortality rate within this set

320,000 Covid-19 samples tested on Tuesday, highest in a day so far: ICMR

As many as 22 states are doing more than 140 Covid-19 tests per day per million in line with comprehensive testing guidance note by the WHO

India's vehicle sales to take 3-4 years to return to peak levels: Auto body

In the fiscal year that began on April 1, sales of cars, sport utility vehicles (SUVs), motorbikes and trucks have already fallen 75 per cent from a year ago to about 1.5 million vehicles

Oil demand may hit 100 million b/d in 2041 if economic recovery sustains

Platts Analytics sees continued growth in long-term petrochemicals demand as potentially delaying peak oil demand to 2021.

Wipro Q1FY21 consolidated net up 0.1% YoY at Rs 2,390.4 cr, revenue up 1.3%

On a sequential basis, revenue declined 5 per cent.

Markets overvalued; 2nd wave of Covid-19 biggest tail risk: BofA Securities

Of those surveyed, 71 per cent believe the stock market is 'overvalued' and 74 per cent suggesting 'long US tech stocks' to be the most crowded trade

Apparel retailers to post operating losses in Q1FY21 as revenues plunge 80%

Cost cutting efforts unlikely to offset sharp revenue fall

Number of undernourished people in India fell by 60 mn in 2017-19: UN

In percentage terms, the prevalence of undernourishment in the total population in India declined from 21.7 per cent in 2004-06 to 14 per cent in 2017-19

Human clinical trials for Covid-19 vaccine begin in different sites

The health ministry on Tuesday said the rate of growth in daily Covid-19 cases had declined to 3.24% in July, from over 31% in March, even as India crossed the 900,000-mark for Covid cases.

SBI board to meet on Wednesday for tier-I and II capital raising plans

Plans to double registration for its digital-banking app Yono within next six months, from current base of 24 million

Covid-19: Jobless Americans could lose a crucial $600-a-week lifeline

Policy makers are at a standstill in their talks for more stimulus, and whether to include an extension of the extra unemployment benefits

Pharma industry steps up to cure black marketing of Covid-19 drugs

Some firms are now considering starting their own distribution centres in major cities

Godrej group hikes stake in Sobha to 10% in Q1FY21 via market purchases

Real estate analysts say it could be no more than a portfolio investment; Sobha says not in talks with Godrej

Kerala Covid-19 tally touches 9,000; CM warns of community transmission

Kerala has reached a stage where clusters have been found in Thiruvananthapuram, Malappuram and some other districts

Kejriwal launches Delhi's second plasma bank, says therapy really helpful

Covid-19 patients can donate their plasma 14 days after recovery

ITBP's Covid-19 positive personnel to help in Delhi's largest corona ops

A health care staffer is not present near the patient all the time and hence the ITBP and other CAPFs personnel can intimate them in case a patient requires some help

White House coronavirus task force top member says 'none of us lie'

Trump himself has at times disregarded the advice of his medical experts on the task force and continues to play down the threat from the virus as it spikes across the country

Hyundai likely to reach 90% of last year's sales levels by end of July

Consumer sentiment also improved with the reopening of the sales network and robust demand for various models, especially the recently launched new Creta