Analysts attribute private sector banks’ underperformance to their inability to grow their loan book and thus their interest income in the post-pandemic economic environment. After outperforming the broader market and their public sector peers for the better part of the post-Lehman period, private sector banks — such as HDFC Bank, […]

Are algos taking over from ‘shoeshine and a smile’, asks Ajit Balakrishnan. ‘Can you explain to me why this feature [and I named one] is missing in your suite of products?’ I asked the India sales head of a world-famous multinational software product company. ‘That’s confidential,’ he said. I wondered […]

“Unfortunately, it's possible, especially if you go into this school year without the kind of mitigation that we had in place last year,” said former FDA chief Dr. Scott Gottlieb.  Gottlieb recommended Covid mitigation tools for schools such as masking, keeping children in defined social pods, routine testing, and retrofitting […]

On Tuesday, the Los Angeles County Board of Supervisors ordered plans be drafted that would require proof of vaccination to enter many public spaces. The motion was just to make a plan for such a measure, not to actually implement one. Supervisor Janice Hahn called for the proof of vaccination […]

China’s service sector activity logged a steeper growth in July as the successful containment of the recent uptick in COVID-19 cases led to greater customer numbers and boosted new order intakes, survey results from IHS Markit showed on Wednesday. At 54.9 in July, the Caixin Purchasing Managers’ Index rebounded from […]

WASHINGTON — Responding to the ravages of COVID-19 in nursing homes, senior Democratic senators Tuesday introduced legislation to increase nurse staffing, improve infection control and bolster inspections. The bill, from a group led by Sens. Ron Wyden of Oregon and Bob Casey of Pennsylvania, is part of a broader overhaul […]

Elon Musk offered SpaceX's services to help NASA make its next-generation spacesuits. His proposal came in response to a report by NASA's Inspector General on the work being done to develop a new line of Extravehicular Mobility Units (EMU), which are informally called spacesuits. NASA has spent over $420 million […]

After enduring the pandemic disruptions of 2020, AMC Entertainment has staved off bankruptcy and now the company's CEO Adam Aron says he is going on the offensive. Armed with $2 billion in liquidity, the theater chain seeking out new cinema leases, investing in upgrades to its current theaters, offering new […]

Gold is a good investment at a time when the world is concerned about inflation, Egyptian billionaire Naguib Sawiris said. The precious metal is often touted as a hedge against rising prices and a safe haven-asset. Separately, he also discussed the U.S. troop withdrawal from Afghanistan. In this article @GC.1 […]

More than $127 billion worth of garments that are imported annually by G-20 nations are likely to come from modern slavery, according to the Walk Free Foundation's Global Slavery Index 2018 Report. Beef is the most polluting food product in modern agriculture, according to Our World in Data. Every year, […]