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Covid-19: WHO warns of fast-spreading Omicron variant

The Omicron variant of the coronavirus spreads faster than the Delta variant and causes infections in people who have already been vaccinated or who have recovered from Covid-19 disease, the WHO chief said. WHO chief scientist Soumya Swaminathan added that it would be “unwise” to conclude from early evidence that Omicron was a milder variant than previous ones. Read more

Banks and online merchants rush to comply with RBI card data storage standards

With less than a fortnight before the Indian Reserve Bank’s (RBI) new card data storage standards go into effect on January 1, banks, merchants and other stakeholders are racing against time to comply with the diktat of the central bank to ensure a smooth transition to the new regime. Ecosystem players would have liked more time for this, but given the firm stance of the RBI, they are working to meet the deadline, experts said. Read more

In 2022, the objective will be to ramp up public health infrastructure

The past year has been a litmus test for India’s healthcare infrastructure, exposing not only the flaws in the armor, but the glaring shortcomings of its healthcare delivery system. The second wave of the Covid-19 pandemic during the months of May and June 2021 revealed how unprepared the country was to cope with the dizzying number of hospitalizations, or even to provide basic oxygen assistance to patients with severe illness. But now India is much better prepared, according to public health experts. Read more

Fast trade in ultra-fast lane: decipher the delivery business in 10 minutes

Fast-paced commerce, or the activity of delivering the essentials within 10 to 20 minutes, has rocked the start-up world. The idea has only matured in the past year and a half, as Covid-19 accelerated digital adoption. “The players making quick deliveries in the United States and Europe helped convince us to experiment with the idea,” said Albinder Dhindsa, founder of grocery delivery start-up Blinkit (Grofers, until recently). Read more

Shriram Finance Enters Supply Chain Lending and Trade Finance

The Shriram Group plans to enter supply chain finance as well as trade finance and will increase its Loans Against Property (LAP) under the combined Shriram Finance entity. Umesh Rewankar, executive vice president and chief executive officer (CEO) of Shriram Transport Finance Company (STFC), said there are short-term lending opportunities on the radar. Read more

More than two dozen new car and SUV models to enter circulation in 2022

Every new year brings a set of new wheels across all segments and price ranges, and 2022 will be no different. The year starting ten days away will see more than two dozen new models of cars and SUVs (including refreshments and facelifts) hit the road as automakers follow the trend of a strong preference for personal mobility. . Read more

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