Indian-American prodigy Abhimanyu Mishra on Wednesday became the youngest ever chess Grandmaster in Budapest, Hungary. The 12-year-old player from New Jersey scored his third GM norm in Budapest, having already crossed the required 2500 Elo rating barrier. Grandmaster is a title awarded to chess players by the world chess organization FIDE. Apart from World Champion, […]
Minister of Heavy Industries and Public Enterprises Prakash Javdekar on Tuesday inaugurated Asia’s longest high-speed test track located in Pithampur, Indore. The National Automotive Test Tracks (NATRAX) facility, developed in an area of 1,000 acres of land, measures 11.3 km in length and will facilitate automotive and component testing for automobile companies. The track will […]
Indian Hotels Company (IHCL), South Asia’s largest hospitality company, announced that its iconic brand, Taj, has been rated the Strongest Hotel Brand in the World by Brand Finance, the world’s leading brand valuation consultancy in its annual ‘Hotels 50 2021’ report. This report recognizes the most valuable and strongest hotel brands across the globe. Incorporated […]
Dr Reddy’s Laboratories Limited on Monday announced the commercial launch of anti-Covid drug 2-deoxy-D-glucose (2-DG), developed by Defence Research and Development Organisation (DRDO). This comes after the DRDO earlier on June 1 said that the anti-Covid drug is approved for emergency use as an adjunct therapy to the standard of care in the treatment of […]
Travellers vaccinated with Covishield, the AstraZeneca-Oxford vaccine manufactured in India, may not be eligible for the European Union’s “Green Pass” that will be available for use from July 1. Green Pass is an immunity document that is meant to ease travel within and to the bloc, according to reports citing official rules. Many EU member […]
The Government has granted further extension of timelines of compliances under Income Tax Act. It has also announced tax exemption for expenditure on COVID-19 treatment and ex-gratia received on death due to COVID-19. The details are as follows: A. Tax exemption Many taxpayers have received financial help for meeting their expenses incurred for treatment of […]
S&P Global Ratings on Thursday cut India’s growth forecast for the current fiscal to 9.5%, from 11% earlier, and warned of risk to the outlook from further waves of Covid pandemic. The agency lowered the growth outlook saying that a severe second Covid outbreak in April and May led to lockdowns imposed by states and […]
Moody’s Investors Service on Wednesday slashed India’s growth projection to 9.6 per cent for 2021 calendar year, from its earlier estimate of 13.9 per cent, and said faster vaccination progress would be paramount in restricting economic losses to the June quarter. In its report titled ‘Macroeconomics – India: Economic shocks from second Covid wave will […]
The existing Covid-19 vaccines have showed reduced signs of efficacy against the Delta variant of coronavirus, which was first detected in India, said World Health Organization (WHO) epidemiologist. WHO chief scientist Soumya Swaminathan had earlier said that B.1.617.2 Delta variant is becoming the dominant variant globally because of its increased transmissibility. It was first detected […]
Prime Minister Narendra Modi on Monday announced the launch of the M-Yoga app for yoga training videos that will be available worldwide in different languages and said that the application will play a ‘great role’ in expanding yoga across the globe. While addressing an event marking the seventh International Yoga Day on Monday morning, said, […]