Search results for ' Philippines'

Spectrum costs will drive up debt for some Asia-Pacific telcos: Moody's

Spectrum costs will drive up debt for some Asia-Pacific telcos: Moody's

Rediff.com29 Nov 2021

Telcos in Asia's emerging markets will face higher spectrum liabilities, but these essential costs are not subject to refinancing and have limited immediate impact on cash flows and liquidity, Moody's Investors Service said on Monday. The ratings of Asia-Pacific (APAC) telecom companies in emerging markets can tolerate the increased deferred spectrum liabilities at current levels, if these essential costs are the main driver of high debt or weaker leverage, Moody's Investors Service said in a new report. For emerging markets -- China, India, Indonesia, Malaysia and Philippines -- spectrum liabilities to gross debt will increase to more than 16 per cent in 2021 and 2022, from 11.6 per cent in 2020 and 9.3 per cent in 2018, assuming India completes its 5G spectrum auction in 2022, it added.

Omicron adds new uncertainties to global economic outlook: Moody's

Omicron adds new uncertainties to global economic outlook: Moody's

Rediff.com29 Nov 2021

The Omicron variant of Covid-19 adds new uncertainties to the global economic outlook but much will depend on its speed of transmission, hospitalisation and death rates, and also the effectiveness of vaccines, Moody's Analytics said on Monday. In its commentary titled 'Much to Learn About Omicronast', Moody's Analytics said although the variant appears to spread "remarkably quickly", it will be at least two more weeks before more will be known about this new variant. "The Omicron variant of COVID-19 adds new measures of uncertainty to the outlook for the global economy, although it is too soon to adequately quantify that risk.

New variant: India to screen, test flyers from several countries

New variant: India to screen, test flyers from several countries

Rediff.com27 Nov 2021

Ministry of health and family welfare adds Hong Kong and Israel to the list of countries from where travellers would need to follow additional measures on arrival in India, including post-arrival testing considering the detection of new COVID variant 'Omicron' in South Africa.

Omicron study: Sputnik V and Light booster effective

Omicron study: Sputnik V and Light booster effective

Rediff.com22 Dec 2021

Russia's Sputnik V vaccine and its one-shot version Sputnik Light booster demonstrates high virus-neutralising activity (VNA) against the highly-contagious Omicron variant of COVID-19, providing a strong defence against severe disease and hospitalisation, according to a study.

WHO clears Serum Institute's Covovax for emergency use

WHO clears Serum Institute's Covovax for emergency use

Rediff.com18 Dec 2021

'WHO issued an emergency use listing for Covovax, expanding the basket of WHO-validated vaccines against COVID-19. The vaccine is produced by the Serum Institute of India under licence from Novavax,' the world health body said in a tweet on Friday.

Gangster Suresh Pujari deported, in Maharashtra ATS custody till Dec 25

Gangster Suresh Pujari deported, in Maharashtra ATS custody till Dec 25

Rediff.com15 Dec 2021

Gangster Suresh Pujari, wanted in several extortion cases in Mumbai region and Karnataka, has been deported to India, a senior police official said on Wednesday.

Scientists developing chewing gum that could reduce Covid spread

Scientists developing chewing gum that could reduce Covid spread

Rediff.com6 Dec 2021

The researchers noted that people who are fully vaccinated can still become infected with SARS-CoV-2 and can carry a viral load similar to those who are unvaccinated.

FPIs' net investments cross Rs 51,000 cr in 2021

FPIs' net investments cross Rs 51,000 cr in 2021

Rediff.com29 Dec 2021

Waves of foreign portfolio investments worth over Rs 51,000 crore splashed into the Indian market in 2021 as overseas investors turned net buyers of domestic securities for the third straight year while excess global liquidity and other factors steered the ebb and flow of their investing ways. With the global financial system still flush with liquidity, emerging market assets, especially equities, might well remain the preferred investment avenue for many more months to come, experts opined. As the equities sizzled during most of 2021, that also saw economy slowly coming back into the recovery path, Foreign Portfolio Investors (FPIs) turned net buyers but their investment is much less compared to net inflows of Rs 1.03 lakh crore in 2020.

'Government doesn't believe unemployment is a problem'

'Government doesn't believe unemployment is a problem'

Rediff.com9 Feb 2022

'Unemployment barely figures in the Budget except as a derived demand from the industry and infrastructure.' 'There is no effort at direct attack on unemployment.'

FPIs turn net sellers in Oct; pull out Rs 12,278 crore

FPIs turn net sellers in Oct; pull out Rs 12,278 crore

Rediff.com31 Oct 2021

After two months of buying, foreign portfolio investors (FPIs) have turned net sellers in October by pulling out Rs 12,278 crore from Indian markets. As per depositories data, FPIs took out Rs 13,550 crore from equities but invested Rs 1,272 crore in the debt segment during October 1-29. The total net outflow stood at Rs 12,278 crore during the period under review.

US will balance geostrategic concerns in India's S-400 deal: Biden nominee

US will balance geostrategic concerns in India's S-400 deal: Biden nominee

Rediff.com13 Jan 2022

The United States has made it clear to India that it is "discouraging" it from proceeding with its acquisition of S-400 missile defence systems from Russia but Washington will have to weigh "important geostrategic considerations" while taking a decision on growing calls for a presidential CAATSA waiver to New Delhi, President Joe Biden's nominee for Coordinator for Sanctions Policy has told lawmakers.

SQUID GAME Takes Over The World

SQUID GAME Takes Over The World

Rediff.com27 Oct 2021

Ever since the children's game turned into a Web series on Netflix, it has become a worldwide craze.

Recipe: Ron Ramirez's Beauty of Chandigarh

Recipe: Ron Ramirez's Beauty of Chandigarh

Rediff.com25 Oct 2021

If you're a fan of dry gin, you will love this unusual cocktail.

Why Has RBI Scrapped Polymer Currency Notes Idea?

Why Has RBI Scrapped Polymer Currency Notes Idea?

Rediff.com9 Mar 2022

The RBI has shelved its plan for polymer notes more than a decade after it invited interest from global manufacturers for one billion pieces of Rs 10 denomination polymer banknotes, reveals Tamal Bandyopadhyay.

Is Nirmalaji's Economic Optimism Warranted?

Is Nirmalaji's Economic Optimism Warranted?

Rediff.com2 Nov 2021

The government's programmes should be expected to generate some momentum, but the macro-economic numbers are not encouraging, observes T N Ninan.

Quad leaders go into first in-person summit in White House

Quad leaders go into first in-person summit in White House

Rediff.com25 Sep 2021

Prime Minister Narendra Modi along with his counterparts from Australia and Japan on Friday attended the first in-person meeting of Quad leaders hosted by US President Joe Biden during which they plan to discuss issues like climate change, Covid-19 pandemic and challenges in the Indo Pacific, amidst China's growing military presence in the strategic region.

After Biden, Harris to meet Quad leaders

After Biden, Harris to meet Quad leaders

Rediff.com24 Sep 2021

US Vice President Kamala Harris would host a separate meeting with the prime ministers of three Quad countries -- India, Australia and Japan -- at the White House to discuss with them the important factors for democracies to go forward, officials said.

China aggressor against India, says next US envoy to Beijing

China aggressor against India, says next US envoy to Beijing

Rediff.com21 Oct 2021

China has been an aggressor against India along the Himalayan border, a top American diplomat nominated by President Joe Biden as his next envoy to Beijing has told lawmakers, stating that the US must hold the Chinese government accountable for failing to play by the rules.

Biden to Xi: Will uphold commitments to ensure 'free and open' Indo-Pacific

Biden to Xi: Will uphold commitments to ensure 'free and open' Indo-Pacific

Rediff.com16 Nov 2021

President Biden underscored that the United States will 'continue to stand up for its interests and values and, together with our allies and partners, ensure the rules of the road for the 21st century advance an international system that is free, open, and fair', the White House said in a readout of the meeting.

Coming soon! India's Biggest Defence Export

Coming soon! India's Biggest Defence Export

Rediff.com8 Dec 2021

HAL is poised to sell the Philippines at least seven Dhruv Advanced Light Helicopters and eight Dornier 228 aircraft for Rs 30 billion, reports Ajai Shukla.

China slams Quad summit as clique, says has no future

China slams Quad summit as clique, says has no future

Rediff.com14 Sep 2021

"Relevant countries should abandon the obsolete Cold War mentality and narrow-minded geopolitical rivalry concept and view correctly and respect people's aspiration in the region and do more things conducive to regional solidarity and cooperation," Chinese foreign ministry spokesman Zhao Lijian said.

Covid, Afghanistan on agenda of Modi-Biden talks: WH official

Covid, Afghanistan on agenda of Modi-Biden talks: WH official

Rediff.com24 Sep 2021

While the two leaders have met earlier when Biden was the Vice President of the country, this is for the first time that Biden will be meeting Modi after he became the 46th president of the US in January.

Govt bonds can fetch additional over $30 bn fund: Report

Govt bonds can fetch additional over $30 bn fund: Report

Rediff.com21 Sep 2021

An American brokerage has said if the Indian government allows its bonds to be included in the global indices, the much-anticipated move can fetch an additional $30-33 billion of foreign funds into them next fiscal, which in turn can help the overall economy by releasing more lendable bank funds for the private sector. Currently, among the emerging market, the Indian government bonds (IGBs) have lowest foreign ownership at about 2.5 per cent -- only ahead of the Philippines -- while the same is a tad over 30 per cent in South Africa and close to 14 per cent in China, according to a Bank of America Securities report on Monday. Potential flows, if the IGBs are included in the global bond indices like that of JP Morgan or Morgan Stanley or Bloomberg, could reach $30-33 billion in FY23.

GMR to spend Rs 20k cr on airports' development

GMR to spend Rs 20k cr on airports' development

Rediff.com20 Aug 2021

GMR Group is currently investing Rs 20,000 crore to expand the existing airports and developing new aerodromes, GM Rao, chairman of the infra major has said. "Airport Development and Construction: GMR Group has set benchmarks for development of world class Airport infrastructure... Your company is currently investing approximately Rs 20,000 crore to expand the existing airports and develop new Aairports," he said in the group's latest annual report. GMR's airport business comprises four operating airports - Indira Gandhi International Airport, Delhi, Rajiv Gandhi International Airport, Hyderabad, Bidar Airport at Karnataka and Mactan Cebu International Airport in the Philippines.

Q2 economic output likely to be hit by chip shortage

Q2 economic output likely to be hit by chip shortage

Rediff.com11 Sep 2021

Input shortages and low inventories, according to Nomura, will likely lead to production cuts and delayed shipments in the September 2021 quarter.

India bans entry from Afghanistan, Philippines, Malaysia

India bans entry from Afghanistan, Philippines, Malaysia

Rediff.com17 Mar 2020

This instruction is a temporary measure and shall be in force till March 31 and will be reviewed subsequently.

Novovax Covid vaccine likely to get nod in India ahead of US

Novovax Covid vaccine likely to get nod in India ahead of US

Rediff.com18 Aug 2021

Adar Poonawalla said he was hopeful that Covovax, the Novavax vaccine made by SII, will be launched around October this year for adults and for children by the first quarter of next year, depending on DCGI approvals.

FPIs turn cautious, pull out Rs 4,515 cr from Indian equities

FPIs turn cautious, pull out Rs 4,515 cr from Indian equities

Rediff.com18 Jul 2021

Foreign portfolio investors (FPIs) have pulled out Rs 4,515 crore from the equities segment in the first half of July as they turn cautious towards the Indian market. "With markets trading near all-time high, FPIs would have chosen to book profits. "They have also been staying on the sidelines given high valuations and most likely on the back of the risk of a potential third wave of the coronavirus pandemic," said Morningstar India associate director (manager research) Himanshu Srivastava. Though the continuing firmness in the dollar and the possibility of rising bond yields in the US do not augur well for capital flows into emerging markets like India, there is no immediate worry at the moment, he said.

Five boxers to watch out for at the Tokyo Olympics

Five boxers to watch out for at the Tokyo Olympics

Rediff.com16 Jul 2021

Here are five boxers to watch when the Games kick off

China demands details of where US N-sub struck in SCS

China demands details of where US N-sub struck in SCS

Rediff.com8 Oct 2021

Expressing grave concern over a US nuclear-powered submarine sustaining damage in the disputed South China Sea, China on Friday demanded Washington to reveal the details and the location of the accident and blamed America's frequent air and naval sorties in the Indo-Pacific to assert the "freedom of navigation" as the "root cause" of the incident.

Chess World Cup: Praggnanandhaa, Sarin enter 2nd round

Chess World Cup: Praggnanandhaa, Sarin enter 2nd round

Rediff.com14 Jul 2021

Meanwhile in the women's event, Padmini Rout and R Vaishali joined compatriot Bhakti Kulkarni in the second round.

Hindujas sell health care unit to Baring Private Equity for $1.2 billion

Hindujas sell health care unit to Baring Private Equity for $1.2 billion

Rediff.com11 Aug 2021

Hinduja Group's business process management entity, Hinduja Global Solutions Limited (HGS) said on Wednesday that it has entered into definitive agreements to divest its Healthcare Services business to funds affiliated with Baring Private Equity Asia (BPEA), at an enterprise value of $1.2 bilion. The deal is subject to closing adjustments, and is expected to complete within 90 days, subject to shareholder and other regulatory approvals. "The cash that will come in as a result of this transaction will be deployed to growing the business as well as looking at buying some capabilities...where capabilities are important for being able to do a good job of customer experience transformation.

Olympics Boxing: Surmeneli, Yafai, Sousa steal show

Olympics Boxing: Surmeneli, Yafai, Sousa steal show

Rediff.com7 Aug 2021

Britain's Galal Yafai and Bulgaria's Stoyka Zhelyazkova Krasteva won first boxing golds for their countries at the Tokyo Olympics after dominant displays in their flyweight finals on Saturday.

At 17.3%, India Inc badly lags women board members

At 17.3%, India Inc badly lags women board members

Rediff.com28 Sep 2021

Corporate India lags the rest of its Western and Asian peers by a wide margin when it comes to the presence of women on their boards, with just 17.3 per cent of the large companies having them on their key decision making bodies, an international report said on Tuesday. However, this is a near 6 percentage points improvement between 2015 -- when it was only 11.4 per cent -- and 2021, Swiss brokerage Credit Suisse said in the report, which covered over 33,000 executives from more than 3,000 companies across 46 countries, including over 1,440 firms across 12 Asia-Pacific markets. Female representation on boards of large Indian companies has increased by 5.9 percentage points from 11.4 per cent in 2015 to 17.3 per cent in 2021.

China, US hold military-level talks over Afghanistan

China, US hold military-level talks over Afghanistan

Rediff.com28 Aug 2021

Deputy director for the People's Liberation Army Office for International Military Cooperation Major General Huang Xueping held a video conference with his US counterpart Michael Chase last week.

A 'force for global good,' says Modi at Quad summit

A 'force for global good,' says Modi at Quad summit

Rediff.com25 Sep 2021

India, Australia, Japan and the US on Friday pledged to work together for ensuring peace and prosperity of the Indo-Pacific and the world, as top leaders of the Quad grouping announced a slew of new initiatives to take on common challenges, amidst muscle flexing by an assertive China in the strategic region.

We are natural partners with similar values, Modi tells Harris

We are natural partners with similar values, Modi tells Harris

Rediff.com24 Sep 2021

Prime Minister Narendra Modi on Thursday described India and America as "natural partners" as he held the first in-person meeting with Vice President Kamala Harris at the White House during which they decided to further cement the Indo-US strategic partnership and discussed global issues of common interest, including threats to democracy and the Indo-Pacific.

Philippines reports coronavirus death, toll reaches 305

Philippines reports coronavirus death, toll reaches 305

Rediff.com2 Feb 2020

The virus, which has infected more than 14,562 people, continues to spread beyond China.

Tokyo Olympics Medals Table: USA top; India 48th

Tokyo Olympics Medals Table: USA top; India 48th

Rediff.com12 Aug 2021

The medal tally at the 2020 Olympic Games in Tokyo.

'Humans have never learned from history'

'Humans have never learned from history'

Rediff.com17 Dec 2021

'We need to retell this history from many different perspectives.'