India’s e-commerce giant Flipkart raises $3.6 billion in fresh funds

India’s e-commerce giant Flipkart said Monday it raised $3.6 billion in fresh funds from a number of global investors including sovereign funds, private equity and crossovers as well as from its parent company, Walmart. The new round of funding was led by Singapore sovereign wealth fund GIC, the Canada Pension Plan Investment Board, SoftBank Vision… Continue reading India’s e-commerce giant Flipkart raises $3.6 billion in fresh funds

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Airlines to pay $3,500 fine for each foreigner who visited Brazil, India, Turkey or South Africa within 14 days preceding travel to Nigeria – FG

The federal government has announced that airlines operating in the country will have to pay a $3,500 fine for each foreigner who visited Brazil, India, Turkey or South Africa within 14 days preceding travel to Nigeria. Boss Mustapha, Secretary to the Government of the Federation (SGF) and chairman of the presidential steering committee on COVID-19… Continue reading Airlines to pay $3,500 fine for each foreigner who visited Brazil, India, Turkey or South Africa within 14 days preceding travel to Nigeria – FG

India’s new loan guarantees may have limited impact on the Covid-hit economy

India has rolled out a slew of measures amounting to 6.3 trillion rupees ($84.9 billion) aimed at boosting the Covid-struck economy — but economists are skeptical that it will have a major impact on short-term growth. The impact of those policies — that amount to about 2.8% of GDP — on the country’s fiscal deficit… Continue reading India’s new loan guarantees may have limited impact on the Covid-hit economy

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Moody’s says these Indian infrastructure firms are better positioned to withstand Covid disruptions

India’s second wave of coronavirus outbreak will affect the country’s infrastructure firms to varying degrees, according to Moody’s Investors Service. Power companies and ports are expected to better withstand the impact of pandemic-led disruptions compared with airports and toll road operators, the ratings agency said in a recent report. The South Asian country suffered a… Continue reading Moody’s says these Indian infrastructure firms are better positioned to withstand Covid disruptions

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India’s Worst COVID Outbreak Yet Forces Journalists to Criticize Modi Leadership

In the early months of India’s coronavirus pandemic, Manisha Pande recalls watching the evening news tell the public to go outside and bang pots and pans in solidarity with healthcare workers. She says that the energy was very “we’re going to fight this thing together,” encouraged by Prime Minister Narenda Modi. Pande is the executive… Continue reading India’s Worst COVID Outbreak Yet Forces Journalists to Criticize Modi Leadership

India isn’t the only one. Covid cases are rising at record levels in these places too

India is currently at the epicenter of the global coronavirus pandemic — but it is not the only country with a worsening Covid-19 outbreak. From Argentina in Latin America to Nepal in Asia, many other countries have also reported record increases in Covid cases in the last few weeks, according to data compiled by Johns… Continue reading India isn’t the only one. Covid cases are rising at record levels in these places too

WHO labels a Covid strain in India as a ‘variant of concern’ — here’s what we know

India is grappling with a devastating second wave of coronavirus that’s far more fatal than the first — and scientists say the surge could be partially due to mutating strains. The World Health Organization just reclassified the B.1.617 strain, which was first identified in India, as a “variant of concern” — which indicates that the… Continue reading WHO labels a Covid strain in India as a ‘variant of concern’ — here’s what we know

India reports over 412,000 new Covid cases as court demands plan to tackle oxygen shortage in Delhi

India once again reported a record number of cases and fatalities on Thursday as it faces a devastating second wave of Covid-19 infections that has pushed its health-care system to the brink of collapse. Health ministry data showed there were 412,262 new reported cases of infections over a 24-hour period, pushing the total tally to… Continue reading India reports over 412,000 new Covid cases as court demands plan to tackle oxygen shortage in Delhi

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India Crosses 20 Million COVID-19 Cases As Critical Shortages Worsen

India has now reported more than 20 million coronavirus infections, including nearly 3.5 million people who are actively being treated for COVID-19. The country’s health system is in a state of collapse as hospitals and clinics face dire shortages of beds and lifesaving supplies. In just the past week, India has seen its COVID-19 cases… Continue reading India Crosses 20 Million COVID-19 Cases As Critical Shortages Worsen

Trapped By India Travel Bans: Workers, Expats, Families … An Aussie Cricket Team

Starting Tuesday, the United States will restrict Indian nationals from flying into U.S. airports. It’s part of a growing global ban on travel to and/or from India in the wake of the catastrophic COVID surge that is setting records for daily cases – 400,000 and up reported. And health officials believe the numbers are vastly… Continue reading Trapped By India Travel Bans: Workers, Expats, Families … An Aussie Cricket Team