Pandemic Financial News

Apart from a boom in standalone restaurants, there's a surge in marriages, parties, ceremonies, outdoor catering and corporate events as well as a proliferation of cloud kitchens. All that has led to a spike in demand for restaurant and catering chefs, said industry executives and restaurateurs.

With second-home fractional ownership, a highly popular practice in Europe's richer neighbourhoods and the US, gaining currency in India, doing so would need you to neither break the bank, nor sacrifice returns on investment. «Fractional ownership of luxury homes, though relatively novel in India, is a well-accepted concept in developed nations,» said Shravan Gupta, founder and CEO, Yours, which specialises in holiday-home ownership.

finance ministry has released ₹10,000 crore in urgent assistance to meet unexpected enhanced expenditure under the rural job guarantee scheme until the first batch of supplementary demands for grants is approved by parliament at its next session, a senior official said. The unusual move came after 95% of the FY24 budgetary outlay of ₹60,000 crore for the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) was exhausted well before the commencement of the winter session of parliament, thanks to a rise in work demand, the official told ET. The urgent funds, released last week to the rural development ministry, will form a part of the additional ₹28,000 crore that could be allocated for the scheme in the first batch of supplementary demands for grants for FY24, he said. The government is yet to announce the dates for the winter session of parliament. At a pre-budget meeting in October, the rural development ministry had asked the finance ministry for additional funds for the rural employment scheme due to enhanced work demand. More people sought work under the MGNREGS until October this fiscal year from a year before, contradicting initial official projections of a moderation in demand. This is mainly due to an erratic monsoon that prevented the usual migration of workers to farming and a tentative industrial recovery, experts have said.

Luxury car buyers in India are getting younger with two out of five Audi buyers aged less than 40. At Mercedes-Benz India, buyers have an average age of 38 years, the youngest for the German luxury carmaker globally.

The projects will allow ports to meet greater shipping demands.

Archaeologists have unearthed more ancient ruins of what they believe was once a bustling port city near the capital of modern-day Morocco

A post shared by Mark Zuckerberg (@zuck) Zuckerberg took up MMA during the pandemic. Since then, his involvement has moved past casual, having built an octagonal fighting ring in his backyard. In May, Zuckerberg earned gold and silver medals at his first Brazilian jiu-jitsu competition at Woodside High School on the Peninsula.

By Howard Schneider

By Ann Saphir and Howard Schneider

The labor market showed greater deterioration for Hispanic workers, whose unemployment rate rose more than that of the U.S.', according to data released Friday by the Department of Labor.

Remote workers flooded Book Club Bar, a popular bar/café/bookstore in Manhattan’s East Village, when pandemic restrictions were lifted in June 2021.

How does a recession happen?

Micro Labs, a Bengaluru-based pharmaceutical company, is making its entry into the high-growth over-the-counter (OTC) segment by introducing a range of wellness products. As per a TOI report, the company initially plans to transfer a portion of its 'legacy' Dolo brand into the OTC segment. OTC medicines generally do not require a doctor's prescription and include products such as immunity-boosting vitamins, skin ointments, lozenges, and pain relief gels.

₹463 crore from the IPO. Some of the key risks highlighted by the ESAF Small Finance Bank in its Red Herring Prospectus or RHP include- 1.Any Uncertainty in relation to the continuing effects of the COVID-19 pandemic on ESAF Small Finance Bank business.

Mint in an interview. “Clearly, from a growth perspective, I don't see there is going to be a problem. We will see a steady state of 8-12% top-line growth. We are hoping that the summer of 2024 will actually be much better than the summer of 2023.

₹117 crore in FY23 and has a market share of 0.5% in the crowded Indian non-life insurance market. Exiting a business whose performance has been underwhelming for about a decade is sensible. In an industry with more than 30 players, of which about a dozen control 90% of the market, Kotak General Insurance Company has been a laggard.

Investing.com — Stocks soared on Thursday as investors reacted to signals from the Federal Reserve that it could be close to the end of its interest rate increases after raising rates above 5% since early 2022.

Narendra Modi had struck a chord with the same demographic bulge by drawing a distinction between “hard work" and “Harvard." It was a point of political rhetoric, with the latter meant as a stand-in for privilege. In a country of multitudes aspiring to lifestyles the internet had begun exposing them to, it held a special appeal among those who saw themselves on the hard-work side of that split. The actual hours they worked wasn’t relevant—nor its intensity, let alone productivity.

Moderna said on Thursday its 2023 sales would only hit the low end of its previous forecast, reflecting weaker demand for COVID-19 vaccines and its shares plummeted over 16% in early trade.

Canada is on track to spend slightly more on health care in 2023 than last year, but overall trends show spending will continue to slow following the COVID-19 pandemic, a new report by the Canadian Institute for Health Information (CIHI) shows.

National Association of Home Builders CEO Jim Tobin reacts to declining homebuilder sentiment and says the government needs to offer a ‘helping hand.’