Vedantu lays off 424 employees as funding dries up
The edtech unicorn expects slower growth due to reopening of schools and offline tutorials.
covid 19
May 2022
April 2022
Dr. Lal Pathlabs shares hit 52-week low post Q4 results; here’s why
Dr. Lal Pathlabs has reported a 27% YoY fall in consolidated net profit to ₹62 crore in Q4FY22 due to a decline in revenue from Covid and allied business.
$19.3 million to Bharat Biotech consortium for ‘variant-proof’ Covid vaccine
The funding seeks to establish preclinical and clinical proof of concept for a vaccine designed to provide protection against all known SARS-CoV-2 variants.
Covid fear drove up health insurance market 34% in FY22
Nearly 20% population is covered by the social insurance scheme, including various state insurance schemes, ESIC and other private insurance schemes.
Domestic air passenger traffic soars 83% in April: ICRA
The rising aviation turbine fuel (ATF) prices continue to dampen the industry earnings, with prices in May 2022 being higher by 89.2% on a year-on-year basis.
India has no data to challenge WHO excess Covid deaths
Civil Registration System (CSR) data for 2020 is silent on Covid deaths; doesn’t tell the level of registered deaths and Centre’s claim of 99.9% registration level in 2020 is questionable
Post-Covid increase in infra investment to boost project exports: Exim Bank
The project exports from India registered a Y-o-Y growth of 10.6% to reach $4.3 billion in FY20, while it moderated to $2.7 billion in FY22, says report.
Dawn Of The Metaverse Economy
Humanity has already taken the first steps towards augmented and virtual reality in Metaverse, which calls for new business models and a whole new economy.
RBI paper raises question mark over V-shaped recovery!
RBI paper says India would take 13 years to recover from the pandemic loss if the GDP grows at annual average of 7.5% – far higher than the highest ever growth rate of 6.9% during 2004-14.
India to overcome Covid-19 losses by FY35: RBI
India suffered among the biggest pandemic-induced losses in the world, says RBI.
