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Business / The Times of India

JPMorgan: Buy the dip as Omicron may signal pandemic ending

While it is likely that omicron is more transmissible, early reports suggest it may also be less deadly, which would fit into the pattern of virus evolution observed historically, JP Morgan strategists Marko Kolanovic and Bram Kaplan wrote in a note Wednesday.

2 Dec 2021 9:50 am
US stocks: Wall Street closes lower on Omicron scare

Wall Street's major averages fell more than 1% on Wednesday after a morning rally faded as investor angst about the latest coronavirus variant soared with the first US case confirmation while the market also digested Fed comments on inflation.

2 Dec 2021 7:50 am
Centre says Maha order on international passengers in divergence with its guidelines

The central government on Wednesday challenged the Maharashtra government's revised guidelines on quarantine for international passengers in view of concerns over the Omicron variant, saying that the state's new airport arrival rules are 'in divergence' with health ministry guidelines.

1 Dec 2021 5:50 pm
Sandeep Ghosh to head Visa India; Ramachandran relocates to Singapore

International digital payments major Visa has announced new leadership for India and South Asia, with the incumbent TR Ramachandran being relocated to Singapore from next year to lead its newly created new payment flows business.

1 Dec 2021 4:50 pm
Omicron fallout: Regular int'l flights not from Dec 15

Scheduled international flights are unlikely to resume from December 15, due to the evolving situation of the Omicron Covid variant. India had last week announced a graded resumption of regular international flights from December 15, 2021, nearly 21 months after being suspended on March 23, 2020. Air bubbles, that gave limited flights to some countries, were supposed to burst on December 14.

1 Dec 2021 4:30 pm
These are worlds most expensive cities to live in right now

Israels Tel Aviv has leapfrogged Hong Kong and Singapore to become the worlds most expensive city to live in, according to the Economist Intelligence Unit (EIU). The Israeli city climbed from fifth place last year to top the Worldwide Cost of Living 2021 report for the first time, pushing Paris down to joint second place with Singapore. Zurich and Hong Kong rounded out the top five.

1 Dec 2021 12:50 pm
India's factory growth hits 10-month high in November

Compiled by IHS Markit, the Purchasing Managers' Index rose to 57.6 in November from 55.9 in October. The reading was the highest since January and the fifth straight month above the 50-mark that separates growth from contraction.

1 Dec 2021 11:50 am
Explained: What Q2 GDP growth numbers reveal about economic recovery

India Q2 GDP growth: A comparison of the GDP data to the pre-pandemic 2019 era is important to understand the extent of recovery.

1 Dec 2021 9:50 am
US stocks: Wall Street ends lower on Omicron scare

The Dow Jones Industrial Average fell 652.22 points, or 1.86%, to 34,483.72, the S&P 500 lost 88.27 points, or 1.90%, to 4,567 and the Nasdaq Composite dropped 245.14 points, or 1.55%, to 15,537.69.

1 Dec 2021 7:50 am
Joblessness in urban areas fell to 9.4% in January-March

The unemployment rate in urban areas in the January-March quarter of 2020-21 was 9.4%, lower than the 10.3% recorded in the October-December quarter of the previous year, data showed on Thursday. The rate cooled down after being in double digits for the past three quarters.

1 Dec 2021 2:50 am
Q2 GDP growth at 8.4%, govt sees double-digit rise in FY22

The countrys economy grew by 8.4% in the July-September quarter, broadly in line with expectations, led by a steady farm sector and double-digit expansion in public administration, defence and other services as the impact of the base effect waned and weighed on the overall numbers.

1 Dec 2021 2:30 am
Why India's households are paying over Rs 60/kg for tomatoes

The average price of tomato has shot up 25 percent in the last two months while it has shot up by 50 per cent in the last on year.

30 Nov 2021 3:50 pm
Zara founder's daughter Marta Ortega to lead parent company

Marta Ortega will replace Pablo Isla, who has been chairman since 2011, in April, the company said in a statement. He was deputy chairman between 2005 and 2011.

30 Nov 2021 2:50 pm
Delhi's power demand set to rise this winter

Anticipating a harsher winter this year, discoms have estimated that the national capital's power demand will go up to 5400 MW, surpassing the peak winter demand in the previous two years, officials said.

28 Nov 2021 6:50 pm
Farm retreat casts doubt on other economic reforms

It is a defeat for economic sense and a victory for undeserving vote banks. Far from acting as the autocrat that critics accuse him of being, Prime Minister Narendra Modi has chickened out of his...

21 Nov 2021 4:30 am