India


Covid-19 crisis in India slams energy demand

Covid-19 crisis in India slams energy demand

(ATF) The dramatic surge in Covid-19 infections in India since the start of April has hit the economy and energy demand just as the country was staging a rebound from last year’s lockdowns. National energy demand, a key indicator of economic growth, contracted across most fuel classes in April. Use …

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Markets this week: Virus hotspots in focus; PMIs to reveal Q2 start 

Markets this week: Virus hotspot in focus; PMIs unveil Q2 start 

(ATF) Economic eventsInvestor optimism this week will be capped by the surging coronavirus infection spread in many countries -- India, Japan, Thailand -– where it has staged a comeback. India in particular was seen as a big reopening trade with a 10%-plus economic rebound, but the record surge in daily …

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Scientists say India govt ignored warnings amid coronavirus surge

Scientists say India govt ignored warnings amid coronavirus surge

(ATF) Scientists in India say a forum of advisers set up by the Modi government warned Indian officials in early March of a new and more contagious variant of the coronavirus taking hold in the country. Despite the warning, four scientists who are part of the forum have told Reuters …

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India overwhelmed by Covid surge

India overwhelmed by Covid surge

(ATF) Overwhelmed by the raging Covid surge, India the largest vaccine maker, is facing a crisis as it scrambles to overcome shortages in medical supplies. # In a new daily high India reported over 386,000 Covid cases and close to 3,500 deaths over the last 24 hours (at the time …

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Planeloads of aid, oxygen equipment fly in to India 

Planeloads of aid, oxygen equipment fly in to India

(ATF) Planeloads of aid have started arriving in India to help the country through its Covid-19 crisis. Thursday saw a further 379,257 new cases announced, along with 3,645 more deaths over the past 24 hours.Dr Anthony Fauci, the White House's chief medical adviser, says countries around the world have failed …

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Asia rebound stronger than expected, says multilateral lender

Asia rebound stronger than expected, says multilateral lender

(ATF) Asia's economic rebound this year could be stronger than previously thought, the Asian Development Bank said on Wednesday as it forecast China to grow 8.1%, driven by strong domestic demand and exports.The Manila-based lender warned that risks to its forecasts were skewed more to the downside because new outbreaks …

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Japan’s new emissions goals hinge on contentious return to nuclear power

Japan’s new emissions goals hinge on controversial return to nuclear power

(ATF) Japan has joined a growing list of countries that have changed their greenhouse gas (GHG) emissions targets in response to US President Joe Biden’s push to hold major polluting countries more accountable for their emissions.Japanese Prime Minister Yoshihide Suga said just hours before a two-day virtual climate summit hosted …

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Recovery bets turn cautious ahead of Fed

Recovery bets turn cautious ahead of Fed

(ATF) Hong Kong: Asian markets were broadly higher on recovery bets but Chinese stocks underperformed ahead of a Politburo meeting amid expectations of liquidity tightening signals.While no major policy change is expected in the upcoming April Politburo meeting, policymakers are seen indicating a tightness on the margin.Markets remain on edge …

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Ola Electric unveils plan for the world's largest EV charging network 

Ola Electric unveils plan for the world's largest EV charging network 

India’s Ola Electric is to build what it claims will be the planet’s largest – and densest – EV ‘Hypercharging Network'.Ola is betting big on being in at the start of India’s electric vehicle revolution and hoping to ultimately offer 100,000 charging points across 400 cities.After announcing the construction of …

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India ramps up wind power build-out but net zero remains elusive 

India ramps up wind power build-out but net zero remains elusive

India continues to build out its renewables sector amid questions over its continued coal reliance, in addition to ramped-up pressure from western countries to reduce its greenhouse gas (GHG) emissions – the world’s third largest after China and the US. That pressure took on new impetus this week as US …

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