Covid 19 impact

Vaccine development is a long, complex process. Unlike drugs that are given to people with a diseased, vaccines are given to healthy people and also vulnerable sections such as children, pregnant women and the elderly. So rigorous tests are compulsory. History says that the fastest time it took to develop a vaccine is five years, but it usually takes double or sometimes triple that time. … [Read more...] about Over 70% small, medium businesses in India bat for digital shift to weather COVID-19 impact

The Freezer Is Hot<Frozen food is another surprise breakout. Sales initially jumped by 94% in March from a year earlier, according to the American Frozen Food Institute. That initial rush abated, but even in August, sales remained up almost 18%. Costco, whose sales are up 15% over August a year ago, attributes some of the growth to strong frozen food sales. … [Read more...] about COVID-19 Impact | Seven ways the pandemic has changed how we shop for food

American Express is providing merchant recovery kits to small businesses with a range of Shop Small POP, social distancing materials and hygiene supplies such as hand sanitiser sprays, masks, and face shields to help them maintain in-store hygiene and restart their business with confidence while ensuring the safety of their customers. … [Read more...] about American Express launches ‘Shop Small’ in India to help small retailers tide over COVID-19 impact

Meanwhile, the debt scheme’s NAV could still very well fall (on account of re-valuation due to re-structuring), but experts say the impact could be minimal. “An AA-rated company will get re-priced if it comes up for restructuring. However, the impact on a fund may be limited as opposed to a lower-rated entity coming up for restructuring," said a fund manager requesting anonymity. … [Read more...] about COVID-19 impact: SEBI allows MFs to use side-pocket in event of debt restructuring

A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to protect people from any future COVID-19 infection, but also helps quickly build herd immunity to put an end to the pandemic. Herd immunity occurs when a sufficient percentage of a population becomes immune to a disease, making the spread of disease from person to person unlikely. The good news is that SARS-CoV-2 virus has been fairly stable, which increases the viability of a vaccine. … [Read more...] about Travel and tourism sector likely to lose Rs 5 lakh crore due to COVID-19 crisis: Report