India records 4 cases of South African, 1 of Brazilian COVID-19 variant : Bulletin: Business Today
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India records 4 cases of South African, 1 of Brazilian COVID-19 variant

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Rashi Bisaria | February 17, 2021

India to emerge out of COVID-induced recession in Dec quarter: ICRA

Bolstered by revival in private consumption and government spending, India is set to exit the recession caused by the coronavirus pandemic in the third quarter of this fiscal, projected rating agency ICRA. The agency estimated Indian economy to record a rise of 0.7 per cent in Q3 FY21, after two very unfavourable quarters.

Mumbai to face another lockdown if people violate COVID-19 rules: BMC mayor

Brihanmumbai Municipal Corporation (BMC) mayor Kishori Pednekar said on February 16 that another lockdown will be imposed in the city if people don't abide by COVID-19 norms. Pednekar's statement comes a day after Deputy Chief Minister Ajit Pawar said that the Maharashtra government would take strict action if COVID-19 cases continue to rise. Maharashtra overtook Kerala, after a 42-day slump, to report the highest number of COVID-19 cases in the country.

India records 4 cases of South African, 1 of Brazilian COVID-19 variant

The Centre on Tuesday said that four cases of the South African COVID-19 strain have been detected in the country in January while another case of the Brazilian strain was reported in the first week of February. All five people have been quarantined and their contacts isolated and tested, the government further informed.

Tata group to purchase 68% stake in BigBasket for Rs 9,500 crore

Tata Group will buy a 68% stake in online grocery startup BigBasket for about Rs 9,500 cr, television channel ET Now said on Tuesday, citing sources. The salt-to-software conglomerate has been planning to launch a "super app" that will tie in all its consumer businesses, according to media reports, as it competes against Amazon.com Inc and Reliance Industries Ltd in India's booming e-commerce market.

Indian apps on the rise; Chinese apps share falls to 29%

In the changing geopolitical climate, Chinese apps saw a setback as their market share plummeted to 29% in 2020 from 38% in 2019, a report by analytics firm Appsflyer said. Indian apps are dominating the market by leveraging this opportunity with 39% install volume in 2020 in the country. Meanwhile, nations such as Russia, Israel, Germany, and the United States are in line to challenge second-place China, said the report.

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