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Macro Minutes Podcast | Cost of vaccination to exchequer could be Rs 60,000 crore: Tanvee Gupta Jain, UBS
While the centre has provided a vaccination budget of Rs 35,000 crore, the actual cost could be around Rs 60,000 crore, says Tanvee Gupta Jain, India Chief Economist at UBS, in this latest episode of Moneycontrol Macro Minutes. -
US economy accelerates in first quarter; jobless claims edge lower
Gross domestic product increased at a 6.4% annualized rate last quarter, the Commerce Department said on Thursday in its advance estimate of GDP for the first three months of the year. That was the second-fastest GDP growth pace since the third quarter of 2003 and followed a 4.3% rate in the fourth quarter. -
Edible oils become a costly affair, prices rise sharply in one month
The Consumer Affairs Ministry had previously directed the states to make sure that the prices of essentials remain under control during curfews. -
Here’s how much money Google is saving with employees working from home
While employees are getting more time in hand in WFH norms, employers on the other hand are saving big bucks that were normally spent in managing staff at physical offices. -
Market update: Sensex, Nifty shed day’s gain to end flat
In the ongoing week, Sensex and Nifty have gained 1,887 points and 553 points in the last four sessions. -
New Finance Secretary TV Somanathan: An articulate economic voice trusted by the top leadership
Somanathan, Economic Affairs Secretary Ajay Seth, DFS Secretary Debashish Panda and DIPAM Secretary Tuhin Kanta Pandey are all from the 1987 batch of the Indian Administrative Service. But Somanathan had a higher rank in his batch, when he stood second in the All India exams. This is a deciding factor between officers of the same batch. -
Vedanta pledges Rs 150 crore to help India fight against COVID-19
Vedanta is targeting to set up and commission the first set of facilities within two weeks and the balance facilities will be increased within a month. -
'World to spend $157bn on Covid vaccines through 2025'
Total global spending on Covid-19 vaccines is projected to reach $157 billion by 2025, driven by mass vaccination programs underway and "booster shots" expected every two years, according to a report by US health data company IQVIA Holdings Inc released on Thursday. -
Majority in India support Covid jab certificate for international travel: Survey
Amid a raging second wave of the Covid-19 pandemic, a large number of Indians support requiring vaccine certificates for international travel as well as everyday activities such as accessing shops, restaurants and offices, a new survey showed on Thursday. -
Next up for Fed's Powell and the taper test: 'String' theory
The list of what will get Federal Reserve chair Jerome Powell to start thinking about cutting back on the central bank's support for the US economy is a short one: jobs, jobs and more jobs. -
Bajaj Auto Q4 net profit rises 15% to Rs 1,551 crore
Bajaj Auto on Thursday reported a 15 per cent rise in consolidated net profit to Rs 1,551 crore for the fourth quarter ended March 2021 on the back of robust sales across domestic and international markets. -
World to spend $157 billion on Covid-19 vaccines through 2025: Report
Total global spending on Covid-19 vaccines is projected to reach $157 billion by 2025, driven by mass vaccination programs underway and "booster shots" expected every two years, according to a report by US health data company IQVIA Holdings Inc released on Thursday. -
Bank customers alert! Stop using old IFSC codes of THESE banks or face failed transactions
As part of a massive amalgamation plan of the Indian government, finance minister Nirmala Sitharaman had announced the merger of 10 public sector banks into four mega state-owned ones in 2019. -
Rahul Bajaj steps down as Bajaj Auto chairman, Niraj Bajaj takes charge
On Thursday, Bajaj Auto announced that Rahul Bajaj will be stepping down from his role as the company’s Non-Executive Director and Chairman with effect from the close of business hours on April 30, 2021. -
Here’s How to enroll a farmer on the PM Kisan Samman Nidhi scheme
However, if you not receiving compensation under the scheme and believe that you fulfil the criteria, then you may need to find first check if your name is on the list. You can do so by visiting pmkisan.gov.in. -
Hindustan Unilever reports 13% rise in Q4 net at Rs 2,190 cr
FMCG major Hindustan Unilever Ltd (HUL) on Thursday reported a 13 per cent increase in consolidated net profit at Rs 2,190 crore for the fourth quarter ended March 31, riding on strong volume growth. -
Tatas deal to buy 64.3% stake in BigBasket gets CCI nod
Competition Commission of India has approved Tatas' proposal to acquire up to 64.3 per cent stake in BigBasket, a deal that will provide the diversified group a strong foothold in the fast-growing online grocery market. -
Amazon to raise pay for more than 5,00,000 workers
Amazon will increase pay between 50 cents to $3 an hour for more than half a million workers on its fulfillment, delivery and sorting teams, the US tech giant announced on Wednesday. -
How to complain against hospitals if they refuse to give you cashless treatment
Insurance Regulatory and Development Authority (IRDAI) has said, “There are reports of certain network providers (hospitals) charging high rates and insisting on cash payments from the policyholders for providing treatment to COVID-19 infected patients despite having a cashless arrangement with Insurers”. -
Tatas deal to buy up to 64.3% stake in BigBasket gets CCI approval
Competition Commission of India has approved Tatas' proposal to acquire up to 64.3 per cent stake in BigBasket, a deal that will provide the diversified group a strong foothold in the fast-growing online grocery market. -
It's time to grow US eco from bottom and middle: Biden
President Joe Biden has said that it is time to grow the US economy from the bottom and the middle, asserting that America is in a competition with China and other countries to win the 21st century. -
'Global gold demand declines by 23% in Jan-Mar 2021'
Global gold demand dropped by 23 per cent during January-March quarter of this year to 815.7 tonne compared to the same period of 2020, mainly driven by outflows of gold-backed exchange-traded funds (ETFs) and low Central bank buying, according to a World Gold Council (WGC) report. -
Byju's to become India's most-valuable startup after funding
Byju’s, India’s online education pioneer, is raising about $150 million from UBS Group AG at a valuation of about $16.5 billion, multiple people familiar with the deal said. The funding will make it India’s most-valuable startup. -
Global gold demand declines by 23% to 815.7 tonne in January-March 2021: WGC
Global gold demand dropped by 23 per cent during January-March quarter of this year to 815.7 tonne compared to the same period of 2020, mainly driven by outflows of gold-backed exchange-traded funds (ETFs) and low Central bank buying, according to a World Gold Council (WGC) report. -
COVID-19: Gram panchayats ban entry of cold drinks, ice creams
FMCG manufacturers were betting on the speedy recovery of the rural economy after the first wave of Covid-19. -
India#39;s Q1 gold demand bounces back; demand up 37% at 140 tonne: WGC
The overall gold demand stood at 102 tonne during the first quarter of 2020, as per WGC data. -
Market update: Sensex surges 150 points, Nifty extends gains
FIIs had invested worth Rs 766.02cr in cash, and Rs 436.2cr in Index futures in Indian markets on Wednesday. -
Panchayats block soft drink, ice cream companies
Soft drink and ice cream companies that were beginning to cash in on improving rural sales have suddenly found themselves staring at a unique roadblock: Gram panchayats. -
'Very, very pleased' with India growth story: Apple
After delivering strong March quarter results, Apple has said that the company is very pleased with its growth story in India, as iPhone sales, along with iPads and Macs, continue to rise in the country. -
Bad bank to get Rs 2L cr of defaulting companies’ loans
The Indian Banks’ Association (IBA)has identified 102 corporate bad loans, totalling to Rs 2 lakh crore, where the amount outstanding in each is over Rs 500 crore. They include loans in a variety of industries. -
Good news! Families of frontline workers to get Rs 100 crore from THIS company
Healthcare workers are working round the clock to save the lives of lakhs of Indians battling Covid-19. -
Top mutual fund executives to get 20% of pay in units
Markets regulator Sebi on Wednesday said that each fund house should pay at least 20% of salary, perks, non-cash compensation net of income tax, NPS, PPF, etc, to their top executives in units of the mutual fund (MF) schemes they’re working for. -
Sebi fines Jhunjhunwala company Aptech Rs 1 crore
Markets regulator Sebi on Wednesday penalised edtech company Aptech Rs 1 crore for non-disclosure of price sensitive information in a case dating back to mid-2016. The order relates to Aptech’s entry into the pre-school segment as a business venture and the company’s failure to impose a no-trading rule by its insiders when the negotiations were on. -
Cos shut ops to supply O2 to medics fighting pandemic
As coronavirus infections rip through India, companies — both big and startups — are pitching in with everything from setting up makeshift hospitals to airlifting oxygen concentrators to making donations to procure medicines and ambulances. -
Cos shut ops to supply O2, provide bikes to medics fighting pandemic
As coronavirus infections rip through India, companies — both big and startups — are pitching in with everything from setting up makeshift hospitals to airlifting oxygen concentrators to making donations to procure medicines and ambulances. -
Tatas see exits of senior executives amid corona storm
Group chairman emeritus Ratan Tata’s half-brother Noel Tata, who is MD at Tata International, will be relinquishing his executive responsibilities at the company this November when he turns 65. He, however, will continue as the non-executive chairman of Trent, Voltas and Tata Investment Corporation. -
Bad bank to get Rs 2 lakh crore of defaulting companies’ loans
The Indian Banks’ Association (IBA)has identified 102 corporate bad loans, totalling to Rs 2 lakh crore, where the amount outstanding in each is over Rs 500 crore. They include loans in a variety of industries. -
Apeda plans to revamp, improve National Programme for Organic Production standards
These steps, along with a focus on organic variety with GI products, may help the country to further expand exports of organic produce, which grew 51% to $1.04 billion during FY21. -
ONGC flags 'critical' issues on recast
Days after the oil ministry sought a response to a plan to carve up ONGC’s functional sections into a separate company and sell stake in major producing fields, India's largest state-run explorer has said it is eyeing foreign partnerships for prospecting in unexplored basins but critical issues needed to be addressed before looking at changing the company’s structure.
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