INDIA

Mandaviya to meet state health ministers to discuss Covid vaccination, health scheme

The Centre has urged states and union territories to focus on beneficiaries who are awaiting their second dose of vaccine as per the schedule of the inoculation. The cumulative doses administered in the country so far under the nationwide COVID-19 vaccination drive has exceeded 103.53 crore.

41 pregnant women die of COVID-19 in Kerala, 149 patients end life: Govt

​​The findings of the state study indicated that a larger section of the population in the state have attained the resistance power against the pandemic. It also pointed out that 17 per cent of the total population was still prone to the disease, state Health Minister Veena George said.

Ayodhya included in Delhi govt free pilgrimage scheme: Arvind Kejriwal

Due to COVID-19, the scheme was halted for the last one-and-a-half years but now instructions have been issued to resume it and the trains for various destinations are expected to be started in the next one month, Kejriwal said.

Karnataka announces guidelines for international arrivals

The Karnataka government on Wednesday issued guidelines for international arrivals. All international travellers that are planning to come to Karnataka must submit a self-declaration form on the online Air Suvidha portal before the scheduled travel. Passengers will have to upload a negative Covid-19 RT-PCR report

International

What’s happening in Sudan? All you need to know

The coup is a result of tensions simmering since 2019, when President Omar al-Bashir was ousted after nearly three decades at the helm.

Water tycoon is China's richest as wealth crackdown batters Jack Ma

Bottled-water tycoon Zhong Shanshan has become China's wealthiest person, according to an annual ranking released Wednesday. He is worth $60.5 billion, according to the Hurun Rich List, up seven percent.

Analysis: The 1970s all over again? Stagflation debate splits Wall St

Most economists believe stagflation is far from inevitable, and the Federal Reserve has said rising prices will prove temporary. The S&P 500 is up 22.1% this year and stands near record highs.

Washington orders Chinese phone carrier out of US market due to concerns regarding security risks

Many telecom companies are on a U.S. government blacklist of entities deemed by the Pentagon to be involved in military development. Others include state-owned oil companies, suppliers of processor chips and video technology and construction, aerospace, rocketry, shipbuilding and nuclear power equipment companies.

Entertainment

View: India is no place for US-style investor activism

“Sometimes, it happens that a company must be saved from its own shareholders, however well-intentioned,” said Justice G.S. Patel of the Bombay High Court, temporarily restraining Invesco from calling an investors meet to oust the board.

Mirchi logs 46% revenue jump in Q2 to Rs 68.81 Cr

The core radio business recorded a strong 50% growth rate, while the solutions business witnessed a 51% jump. With a bounceback in revenues and a cost-control initiative in place, the company also turned Ebitda positive and posted an operating profit of ₹8.9 crore for the quarter ended September.

Bombay HC allows ZEE's plea, restrains Invesco from going ahead with EGM requisition

The Bombay High Court on Friday reserved its order on Zee Entertainment Enterprises Ltd's (ZEEL) plea after the media company said it was unwilling to hold an extraordinary general meeting (EGM) of shareholders as requested by Invesco, its largest shareholder.

Zee Ent cancels October 27 board meet on quarterly results

Zee Entertainment has cancelled tomorrow's board meet to consider quarterly results due to a lack of quorum

Teachnology

Skill or chance? The USD7 billion question that can make or break India’s online gaming industry.

Not many businesses in India have been at the centre of controversies like online gaming. From the question of whether a game is skill or chance based to varying interpretation of rules in different states, the online gaming industry is facing several challenges. To unlock the true potential of the segment, a common set of pan-India rules is necessary.

Smarter, better, and now more affordable: AI is becoming omnipresent as it steps up its game

As artificial intelligence becomes omnipresent, its use cases in daily lives are also growing. At a bigger level, companies are using AI-powered solutions to take care of structured tasks. But can AI, dependent on data, pick a CEO who doesn’t meet a company’s eligibility requirements but is still the perfect fit in terms of skills? Are we there yet?

Havildar Tom Cruise? A case diary of Indian cops’ craze for artificial intelligence in policing

Of late, police in multiple Indian states have been using algorithms to be more proactive than reactive. That may sound like a good idea, but predictive policing brings with it a plethora of questions. Possible violation of privacy and the fear of bias are among them.

Tech on board: Chalo navigates the tricky terrain of mass mobility with its ‘OS for buses’

Low-ticket transactions, a large chunk of the market being in non-metros, and lack of tech interventions make public mobility an unattractive segment. Bus startups — targeting premium urban commute or mass mobility — haven’t broken out yet. Against this grim backdrop, what makes Chalo and its founder Mohit Dubey upbeat that they can harness digital and data to negotiate this slippery segment?

Traveling

Fondue in Switzerland or Dubai's shawarma: Top 5 must-have local dishes

Some amazing dishes that will give you cuisine memories of the country you are in.

From Mumbai to Delhi, Lord Ganesha visits your city

The Covid-19 protocols kept devotees away from the public pandals.

Tackling Covid: Saving lives, safeguarding livelihoods!

​The only survival kit that we have with us with a sure-shot success rate is a 'Covid-19 Vaccination'.

TOP 5 popular adventure sports in new-normal days

Try this with your family or a close group of vaccinated friends.

Small Biz

India's Grene Robotics to compete in XPRIZE Rainforest competition

The competition is a call-to-action initiative to help save rainforests through the development of transformative, scalable, and affordable technology to monitor biodiversity in real-time.

Agritech platform DeHaat raises $115 million from Sofina, Lightrock & Temasek

DeHaat has been building a digitised network of farmers as well as last-mile service providers and providing direct access to farmers through its physical as well as digital platform.

Chip lead times begin to slow, suggesting shortages have peaked

Chip investors are already looking ahead -- with trepidation -- to the industry’s next glut. In the past, lengthening lead times have been followed by painful periods of oversupply.

The $158-billion hole in financing women-owned SMEs

It is important to adopt gender parity, keep records and train staff and build capabilities within the staff to understand the segment of women-owned SMEs.

Markets

After a robust rally, pharma stocks feel under the weather. But do they make a case for value buy?

When Covid-19 rattled the stock market in March 2020, the pharma index not only cushioned the fall for investors but ended up delivering lucrative returns. However, the pharma sector has been underperforming since June 2021. While fund managers and analysts don’t expect any bad news, they feel a swift recovery is unlikely for the sector.

MedPlus has scale, Wellness Forever scores in product mix. Which IPO will get more investor love?

The pandemic has brought pharmacies to the fore, but they are still a thin-margin business. However, modern-retail pharmacy chains offer investors a play in a steady-growth, low-risk business with good return on capital. One thing is clear, though: The first IPO to open will impact the prospects of the next.

Realty boom, capex cycle, Unitech’s fall: what pro-cyclical investors can learn from the past

Fund managers are sensing a return of the capex cycle across sectors, beginning with real estate. Even though broad economic indicators are yet to show robust signs of a pickup, one can’t miss the rally in real estate, telecom and capital goods stocks. Are we up to something here? The previous capex cycle could give some pointers.

Market-linked debentures are gaining popularity among debt products. Are they tax-efficient?

Market-linked debentures are like zero-coupon debt instruments where the payoffs are dependent on the linked indices. Their tax treatment, though complicated, can offer better post-tax returns to investors, compared to plain vanilla debt securities.

Automibile

Auto sector stares at a fresh headwind

Amind a lingering semiconductor shortage & rising steel prices, the auto sector is now faced with another headwind, i.e., surging aluminium prices

Maruti Suzuki Q2 preview: Profit may plunge 35-70%, margins may fall by 300 bps

The automaker hiked vehicle prices in July and September. Discount moderation and better volumes may drive sequential margin improvement, analysts said.

Maruti output nears normal levels as chip supplies improve

Maruti Suzuki’s production in October was 40% higher than September and the output in November is expected to 20% higher over the current month. From December, things should be closer to the average sales, according to people in the know. Its monthly average production during the January-March quarter, before the second wave of the pandemic struck the country, was 167,000 units.

Commercial vehicle sales picking up, likely to regain peak in the upcoming fiscal year: Kamal Bali, President, Volvo India

Meanwhile, a Crisil stated that the ongoing chip shortage is likely to moderate passenger vehicle sales growth to 11-13 per cent this fiscal, down from the earlier volume growth forecast of 16-17 per cent, delaying the industry recovery as the waiting period is increasing amid strong demand due to production curbs,

Asnlive Headlines

Sports

Haris Rauf’s 4-22 helps Pakistan to 5-wicket win over New Zealand

The experience of Shoaib Malik (27 not out) and power-hitting of Asif Ali (27 not out) then quashed New Zealand’s hopes of a late comeback and carried Pakistan to 136-5 in 18.4 overs to earn the team its second victory in three days.[Read More]

Shami faces online abuse after India's loss, former players back him

Shami was the most expensive Indian bowler of the evening leaking 43 runs in 3.5 overs. 17 of these came in the last five balls when the Pak openers were making a dash for the finish line. Pakistan won with 13 balls to spare.[Read More]

Rahul Dravid formally applies for head coach of Indian cricket team; VVS Laxman in fray for NCA?

"Yes, Rahul has formally applied today as it's the last day of the deadline. His team at the NCA, bowling coach Paras (Mhambrey) and fielding coach Abhay (Sharma) have already applied. His application was just a formality," a senior BCCI official said on Tuesday.[Read More]

Beijing Marathon postponed indefinitely due to COVID-19

Organisers said they were cancelling next weekend's race "in order to prevent the risk of the epidemic spreading (and) effectively protect the health and safety of the majority of runners, staff and residents," the BBC reported.[Read More]

Defence

75th Infantry Day: IAF remembers role of 'Parashurama' aircraft in transporting army troops to J-K in 1947

Today the Indian Air Force, to commemorate the 75th Infantry day, recalled the history of vintage aircraft 'Parashurama' one of the refurbished Dakotas which played a major role in transporting troops of the 1st Sikh Regiment to Srinagar during the war with Pakistan in 1947[Read More]

NIA raids underway across Jammu and Kashmir against terror group

Pakistan's military ties with Myanmar: Window-dressing for Chinese arms trade?

Defence ties between Pakistan and China has broader implications in context of this Myanmar visit. The relations between Pakistan and Myanmar have been lukewarm for around half a decade over the issue of violence against Rohingyas in Myanmar, more so due to allegations that Pakistan is arming and training some of the ethnic community members.[Read More]

Indian military cannot operate effectively without Russian supplied equipment: CRS report

The report comes ahead of a crucial decision that the Biden administration has to take on India buying military arms from Russia and whether it plans to impose sanctions against the country under the Countering America's Adversaries Through Sanctions Act (CAATSA) .[Read More]
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