India's GDP fall higher than peers; V-shaped recovery underway: FM : Bulletin: Business Today
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India's GDP fall higher than peers; V-shaped recovery underway: FM

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BusinessToday.In | September 5, 2020

Russia's COVID-19 vaccine safe, produces immune response: Lancet

Russia's potential coronavirus vaccine, Sputnik V, approved in the country last month, induced an antibody response in all participants with no serious side effects, according to the first peer-reviewed data on studies of the project. The vaccine produced a response in T-cells, a type of white blood cells that helps the immune system combat any infection, according to the preliminary results from phase 1 and phase 2 trials as published in The Lancet medical journal on Friday.

Situation along India-China border 'very nasty': Donald Trump

Asserting that the situation along the India-China border has been "very nasty and the Chinese are "going at it" much more strongly, US President Donald Trump said he would love to get involved and help. If we can do anything, we would love to get involved and help. And we are talking to both countries about that, he said.

India's GDP contraction higher than peers; V-shaped recovery underway, says Finance Ministry

Ministry of Finance has confirmed that the unprecedented contraction in India's Gross Domestic Product (GDP) growth is higher than its peers, attributing the economic crisis to "stringent lockdown that India enforced in the April-June quarter". The strict lockdown has helped India keep case fatality rate lower than countries like the US, the UK, France, Japan and Italy, the Finance Ministry claimed in its Economic Review for August. The Finance Ministry further stated that India is witnessing a sharp V-shaped recovery along with the rest of the world.

Future Retail net profit nosedives 98% in FY20 to Rs 477.63 crore

Future Retail posted a consolidated net profit of Rs 11.29 crore in the financial year 2019-20. The company saw its profit decline 98.44 per cent compared to Rs 727.19 crore in the corresponding quarter of the previous fiscal.

PUBG ban: Tencent to engage with Indian govt to ensure app's availability

The company behind the Chinese app PlayerUnknown's Battlegrounds (PUBG), Tencent said on Thursday that it will engage with Indian authorities to ensure continued availability of its apps in India. In response to the government's ban on Chinese apps, the gaming and social media group stated that it takes the protection of its users' privacy and data seriously.

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