CMIE sees signs of recovery in Indian economy : Bulletin: Business Today
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CMIE sees signs of recovery in Indian economy

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Vivek Punj | December 1, 2020

Reliance confirms buying stake in lingerie retailer Zivame

Reliance Industries (RIL), in an exchange filing, confirmed that it has acquired a minority stake in Actoserba Active Wholesale, which owns and operates online lingerie store Zivame. The transaction was concluded in the first half year ended September 30, 2020.

COVID-19: RT-PCR tests in Delhi to cost Rs 800

The Arvind Kejriwal government on Monday ordered all private laboratories to reduce the price of RT-PCR tests in the national capital to Rs 800 from Rs 2,400. According to an order issued by the health department, private laboratories have been asked to charge Rs 800 for testing samples collected by government teams and collected from collection sites by private sector labs as requisitioned by districts and hospitals.

2020 will be known as year of internal discovery for India: PM Modi

The Covid-19 pandemic has brought to the fore India's national character for the entire world to behold and 2020 will be known as a year of internal discovery rather than of external disruption, according to Prime Minister Narendra Modi.

CMIE sees signs of recovery in Indian economy; says 'challenging road ahead'

The Indian economy rebounded strongly in the July-September quarter of the current fiscal as unlock process and various relief measures announced by the government helped address issues faced by the businesses amid the COVID-19 pandemic, according to an independent think tank Centre for Monitoring Indian Economy (CMIE).

An economist at CMIE said that the unlock process that began in June 2020 helped Indian economy regain some of its lost ground in the September quarter as the GDP reached the December 2017 quarter levels.

OPEC+ begin talks on whether to extend oil cuts or gradually increase output

OPEC+ members began a meeting on Monday to discuss whether to extend existing oil cuts for three to four months or to increase output gradually from January, as the coronavirus crisis continues to pummel demand for fuel.Officials from the Organization of the Petroleum Exporting Countries, Russia and others, a group known as OPEC+, held an initial round of talks on Sunday before formal discussions began but failed to reach agreement on policy for 2021.

Moderna reports 94.1% efficacy in COVID-19 vaccine; 100% in severe cases

US-based biotechnology company Moderna has claimed that its COVID-19 vaccine candidate was 100 per cent effective against severe COVID-19 cases, while it was 94.1 per cent effective in a full efficacy analysis. Primary efficacy analysis of the Phase 3 COVE study of its vaccine candidate (mRNA-1273) included 196 cases of COVID-19, of which 30 cases were severe.

The vaccine efficacy was 94.5 per cent at the first interim analysis with a total of 95 participants with confirmed cases of COVID-19.

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