The mutated covid virus will never really go away: A Velumani

A Velumani, founded by, Thyrocare Technologies, Viruses are said to be mutating. He hopes to see more genomic studies in India. Omicron is moving fast, but so far it has not been considered fatal. Before I get into the specifics of your understanding of the newly mutated virus, how is life treating you? You tweeted … Read more

Crisil Ratings revises Phoenix Mills’ rating outlook to stabilize

MUMBAI: Rating has revised its outlook on Phoenix Mills’ long-term bank facilities from ‘negative’ to ‘stable’, while reaffirming the rating on ‘CRISIL A+’. “The outlook revision reflects a strong improvement in retail sales seen in the second quarter ending September and October 2021, reopening after the second wave of the pandemic and a further increase … Read more

Rough diamond prices up 10% due to supply concerns

Rough diamond prices have risen nearly 10% due to supply concerns between Omicron, a new Covid-19 variant spread across South Africa and Botswana. These two countries have some of the largest mines of De Beers, the world’s largest diamond miner. The rise in diamond prices coupled with potential supply side crunch has created concern among … Read more

Key factors driving the market this week include Covid news, GDP numbers and two IPOs

New Delhi: Events related to two IPOs, auto sales numbers, PMI readings, quarterly GDP data, core sector data, the start of the winter session of Parliament, and above all, the new COVID edition are set to be revealed. Domestic market in the coming week. Global economic indicators such as the Chinese PMI reading and US … Read more

Wall Street Week Ahead: COVID-19 Fears Reappear as a Threat to Markets

NEW YORK: Not long after the threat waned in Wall Street’s eyes, after sounding a new kind of alarm, COVID-19 has re-emerged as a worry for investors and a potential driver of the larger market. Worry about a new strain of the virus called Omicron and classified by the World Health Organization as a type … Read more

Resurgence of Covid will force RBI to keep monetary tap open, shows bond market

New Delhi: Central banks across the world have certainly cut their work. At a time when monetary officials were preparing the ground to reverse the ultra-lax policies adopted in response to the coronavirus crisis, the virus appears to have taken new and potentially more dangerous incarnations. Global bond markets took a 360-degree turn on Thursday, … Read more

All eyes on covid version as bears to patrol Dalal Street next week

MUMBAI: The domestic stock market is in gloom next week as the global economy may soon be at risk of recovering from the pandemic, which is entering its third year, with the emergence of a new version of the coronavirus. The new variant, which is spreading rapidly in South Africa and some other African countries, … Read more

Market movers: Fear rages on D-Street as buyers go into hiding

MUMBAI: Friday was the worst day on Dalal Street this entire year – a year that had a short taper tantrum in February, a disastrous second wave in April-May and a Chinese recession in August-September. And yet it was the discovery of a new variant of the Covid-19 virus found in South Africa that established … Read more

Eleven IFS officers at IGNFA test positive for COVID-19

Eleven of the 48 officers of the Indian Forest Service, who had gone to Lucknow for a mid-career training program from the Indira Gandhi National Forest Academy here, have been tested positive for COVID-19 on their return. District Surveillance Officer, Rajiv Kumar Dixit said on Friday that eight of them tested positive on November 19 … Read more

Groundhog Day for travel companies as new edition brings old concerns

MUMBAI: In the cult film Groundhog Day, Bill Murray is trapped in a time capsule where the same fateful day of his life keeps repeating itself over and over, until he is finally freed from the time loop. The news of the new COVID-19 edition may have triggered a similar experience for travel and hospitality … Read more