India Positive - November 21, 2020
- November 21, 2020
Power consumption grows 7.8% in first half of November
Power consumption in India increased by 7.8% to reach 50.15 billion units (BU) in the first half of November 2020, indicating increase in economic activities. Power consumption increased by 4.4% in September this year to 112.24 BU after a period of six months, compared to 107.51 BU in the same month last year. In October of this year, India's power consumption increased by almost 12% to 109.53 billion units (BU), compared to 97.84 BU in the same month last year.
Bharat Biotech's Covid-19 vaccine 'Covaxin' enters phase-3 trials
Bharat Biotech's COVID-19 vaccine 'Covaxin' has entered phase-3 trials. Speaking at an Indian School of Business programme, Mr. Ella said the company is also focused on another Covid-19 vaccine that would be in the form of nasal drops and should be ready by next year.
Amazon India launches ''STEP'' to accelerate growth of 7 lakh sellers
Amazon India has launched ''STEP'', a performance-based benefits programme to help accelerate growth of seven lakh sellers on its platform. All sellers on Amazon.in will earn " Standard " benefits until March 31, 2021, beginning on December 1, 2020, and will be eligible for 'Basic', 'Advanced', 'Premium' and others based on their success from January 1 to March 31, 2021, effective April 1, 2021.
Khadi Registers Record Sale: Single-Day Sale at Flagship CP Outlet Crossed Rs. 1 crore for 4 times in 40 Days
Khadi registered record sale; recorded single-day sales figure at Rs. 1 crore (US$ 134.34 thousand) mark for 4 times at the flagship Khadi India outlet at Connaught Place in New Delhi.
Telecom shares in focus; Vodafone Idea up 12%, Bharti Airtel gains 3%
Shares of telecom service providers were in focus amid hopes of tariff hike in the forthcoming months; Shares of Vodafone Idea increased by 12% to Rs. 10.20 (US$ 0.14) and Bharti Airtel increased by 3% to Rs. 495 (US$ 6.66).
India's First Kids Fintech App - 'Birdfin' that Enables Financial and Life Skills Learning
Birdfin, India's first kids fintech app, is set to revolutionise the financial learning skill space through gamification. Via gamification, Birdfin is expected to revolutionise the field of learning financial habits. Developed on the entire money management life cycle, i.e. studying, earning, spending, and saving, the app allows parents to schedule assignments for their children and give digital currency in exchange.
TCS to build investment insights solution for capital markets industry
Tata Consultancy Services has announced to build investment insights solution for capital markets industry. The solution leverages artificial intelligence and TCS intellectual property techniques such as Automated Data Discovery and Data Quality Management software based on machine learning to help investment management companies develop their portfolio decision-making, the company said in a statement.
Technology based Initiatives & Interventions of MSME Ministry to tackle COVID-19 challenge leads to Effective response to Prime Minister’s call of Atmanirbhar Bharat & Make in India
Technology based initiatives and interventions taken by Union Ministry of MSME, to tackle COVID-19 challenge, have resulted in effective response to Atmanirbhar Bharat Mission and Make in India initiatives.
India’s AI supercomputer Param Siddhi 63rd among top 500 most powerful non-distributed computer systems in the world
Param Siddhi, the high-performance computing-artificial intelligence (HPC-AI) supercomputer established under National Supercomputing Mission (NSM) at C-DAC has achieved global ranking of 63 among top 500 most powerful non-distributed computer systems in the world.
India has potential to scale up laptop, tablet manufacturing to US$ 100 billion by 2025: ICEA
India has potential to increase the manufacturing capacity of laptop and tablet to US$ 100 billion by 2025. Scaling up the production of laptops and tablets would take India's share of the global market from 1% to 26% at present.
India forms air bubble arrangement with Ethiopia for international travel
India has formed air bubble arrangement with Ethiopia for international travel. Under an air bubble agreement between the two countries, their airlines can operate special international passenger flights to each other's territories under restrictive conditions.
Amazon opens 'made in India' toy store amid Centre's self-reliance mission
Amazon India has opened 'made in India' toy store, in line with government's ‘Atmanirbhar Bharat’ vision. The launch of the "made in India" toy store could help local manufacturers reach the Indian market with the constant stream of Chinese toys.
Investment banks upbeat on growth rebound
Global investment banks (Goldman Sachs and Morgan Stanley) have shown a positive outlook for India’s economic recovery and have forecasted a strong recovery next year as economic activity speed up.
HPCL launches 'poWer 99', India's highest rated octane fuel, in TN
Hindustan Petroleum Corporation Ltd. has launched 'poWer 99', (an Octane rating 99 fuel), in Tamil Nadu, to meet the growing demand for premium fuel from the rising population of high-end cars and performance bikes in the State
77% of Indians optimistic of an economic recovery and business revival: Survey
Nearly 77% of Indians are optimistic of an economic recovery and business revival, according to IndiaLends’ survey. The survey says that at least 71% of respondents have an intention to take out a personal loan in the next three to six months. As the key reasons for choosing personal loans, they listed two- and four-wheelers business start-ups, household durables, electronic gadgets, and home renovation.
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