US President Joe Biden on Wednesday announced that the US will allocate 75 per cent - nearly 1.9 crore of the first tranche of 2.5 crore doses - of unused COVID-19 vaccines from its stockpile through the UN-backed COVAX global vaccine sharing programme to countries in South and Southeast Asia as well as Africa.
Indian economist Kalpana Kochhar, who heads the Human Resources Department of the International Monetary Fund, is leaving the organisation to join the Bill and Melinda Gates Foundation, the IMF announced on Wednesday. Kochhar, who served in various senior positions during her three decades at the IMF, will retire on July 30, it said.
Pint-sized 13-year-old Momiji Nishiya took gold in street skateboarding -- new to the Olympics in Tokyo -- while in one of the Games's staple sports a "Terminator" hunted down a dominator to set the swimming pool alight.
Of the 4.10 crore to be shared through COVAX, 1.40 crore will go to Latin America and the Caribbean nations and 1.60 crore to Asia.
The Hyderabad-based manufacturer uses a proprietary adjuvant Algel-IMDG, which has now proven to be a safe and effective adjuvant, especially to stimulate memory T cell responses.
NRI businessman and Lulu group chairman M A Yusuff Ali, who had a miraculous escape on April 11 after his helicopter crash-landed on marshy land in Kochi, has undergone a spinal surgery at a hospital in Abu Dhabi, the company said.
With automation taking place at a much faster pace across industries especially in the tech space, domestic software firms that employee over 16 million are set to slash headcounts by a massive 3 million by 2022, which will help them save a whopping $100 billion mostly in salaries annually, says a report. The domestic IT sector employs around 16 million, of them around 9 million are employed in low-skilled services and BPO roles, according to Nasscom. Of these 9 million low-skilled services and BPO roles, 30 per cent or around 3 million will be lost by 2022, principally driven by the impact of robot process automation or RPA. Roughly 0.7 million roles are expected to be replaced by RPA alone and the rest due to other technological upgrades and upskilling by the domestic IT players, while it the RPA will have the worst impact in the US with a loss of almost 1 million jobs, according to a Bank of America report on Wednesday.
The trade to-and-from India so far is not affected. But if the situation continues to remain the same for the next two to three months, it could definitely hurt India trade, including essential cargo.
US Defence Secretary Llyod Austin described China as a pacing challenge for the United States.
Mary Kom, who is an Asian Games winner and Commonwealth Games gold medallist, will start the tournament as favourite in the women's category.
Jatin Mehta beat Nirav Mehta and Mehul Choksi in precedent and modus operandi, reports Pavan Lall/Business Standard.
While the Indian government has been procuring Covid-19 vaccines at low prices so far, manufacturers have to declare the prices of vaccines they would supply to the open market (industries, private hospitals, etc) and state governments before May 1. Sohini Das reports.
United States Secretary of State Antony Blinken has said that he had a productive meeting with visiting External Affairs Minister S Jaishankar during which they discussed the bilateral ties, COVID-19 relief efforts, India-China border situation and Afghanistan and vowed to work together to address areas of shared concern.
Over the next three - six months, UBS believes earnings will be the main driver for EM equities outperformance.
'Sullivan and Jaishankar welcomed the cooperation in recent weeks that resulted in deliveries of over USD 500 million in COVID-19 relief supplies from the US federal and state governments, US companies and private citizens across America for the people of India'
India had delivered its best ever Asian Championship performance in the 2019 edition in Thailand, claiming 13 medals, including two gold, four silver and seven bronze.
Jhilli lifted 69kg in the snatch and followed that up by 88kg in clean jerk for a total of 157kg to finish on top of the podium
Based on industry estimates, telecom companies, including Bharti Airtel, Reliance Jio, Vodafone Idea and BSNL, are expected to invest over $10 billion on buying 5G telecom equipment in the next five years as they transition from non-standalone networks to standalone 5G networks.
Ahead of the Quad summit on Friday, China said exchanges and cooperation between countries should contribute to mutual understanding rather than "targeting" a third party and refrain from "pursuing exclusive blocs".
In the start-up world, hitting the $1-billion mark, which accords the "Unicorn" tag, is a milestone. Enterprises typically reach the milestone only by series C or series D, or three to four funding rounds later. Zeta achieved it at the first one. On May 25, the six-year-old banking tech firm raised $250 million from Japanese conglomerate SoftBank, at a post-money valuation of $1.45 billion. "This is the first time we have raised institutional money," Zeta co-founder Bhavin Turakhia beamed on the conference call. This trajectory is uncommon in start-ups.
Gender equality might have improved over the years but India's working women still contend with the strongest gender bias across Asia Pacific countries, says a report. According to the LinkedIn Opportunity Index 2021, more women in India have experienced the impact of gender on career development when compared to the APAC region. "In India, more than 4 in 5 working women (85 per cent) claim to have missed out on a raise, promotion, or work offer because of their gender, compared to the regional average of 60 per cent," the report said.
Anjali Bharadwaj, an Indian social activist working on issues of transparency and accountability, is one of the 12 anti-corruption champions announced by the Biden administration.
Leyna Bloom is the first transgender woman of colour to appear in a Sports Illustrated swimsuit issue.
The agreement would divert China's attention and keep them busy in the Pacific theatre, probably resulting in a reduction in threat perception in our area of interest in the Indian Ocean, notes Commodore Venugopal Menon (retd).
Showcasing the efforts of the Centre for ensuring democracy at grass-roots level, the newly-elected members of the DDC would be meeting besides holding a meeting with a few prominent citizens and administrative secretaries.
Biden on Friday opened the first Quad Leaders' Summit held virtually and attended by Prime Minister Modi, Australian Prime Minister Scott Morrison and Japanese Prime Minister Yoshihide Suga.
The Quad has come of age and its agenda covering areas like vaccines, climate change and emerging technologies makes it a force for global good, Prime Minister Narendra Modi said at the first summit of the coalition. In his opening remarks, he also talked about shared values and promoting a secure, stable and prosperous Indo-Pacific.
India's e-commerce market is poised to grow by 84 per cent to $111 billion by 2024 on the back of accelerated adoption of digital technologies amid the COVID-19 pandemic, a report by fintech firm FIS said on Wednesday. The report noted that countries, including India, have seen a shift in consumer behaviour caused by COVID-19, and new payment trends are shown to be on the rise. FIS, in its 2021 Global Payments Report, examined current and future payment trends across 41 countries. India's e-commerce market is projected to grow by 84 per cent between now and 2024 to about $111 billion (from about $60 billion in 2020) driven by mobile shopping, which is projected to grow 21 per cent annually over the next four years, the report said.
'We will stand with friends, partners and allies to advance our shared prosperity, security and values in the Indo-Pacific region'
B V Srinivas and his team of volunteers are able to procure and pass medical supplies, including oxygen cylinders delivery at doorsteps and securing hospital admissions for COVID patients.
US proposal to raise the global corporate tax rate to 28% from 21% might face resistance from countries unwilling to give up their edge and compete with America on its terms.
As the largest producer of vaccines in the world, with 60 per cent of the global share, India is well-positioned to use its existing manufacturing capabilities to contribute to mass vaccine production and distribution needs for other countries in addition to meeting its domestic requirements, said Moody's.
Out of the 45 lakh doses, the Hyderabad-based vaccine maker will be supplying over eight lakh to some of the friendly countries such as Mauritius, Philippines and Myanmar, free of cost as good will gesture sources added.
Bank of America (BofA) Securities expects India to be the third-largest economy in the world by 2031. The economic rise could become a reality by 2028, but the Covid pandemic delayed the pace, BofA Securities economists Indranil Sen Gupta and Aastha Gudwani wrote in a report.
It was her third straight win in 2020 and her fourth on the trot.
'Our sensors allow the missile to locate and identify the target even if it's on the move.'
China's presence in the international dog house is just the kind of opportunity that his opponents must be waiting for, predicts Colonel Anil A Athale (retd).
This was the first phone call between the two leaders after Biden was sworn in as the 46th president of the United States on January 20.
Any shortlist of contenders for the greatest of all-time events must include the first fight between Muhammad Ali and Joe Frazier.
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