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Apple to launch first online store in India next week

Apple to launch first online store in India next week

Technology
Apple says it will launch its first online store in India next week, as it seeks to increase sales in one of the world’s fastest-growing smartphone marketsByThe Associated PressSeptember 18, 2020, 10:30 PM• 1 min readShare to FacebookShare to TwitterEmail this articleNEW DELHI -- Apple announced Friday that it will launch its first online store in India next week, as it seeks to increase sales in one of the world’s fastest-growing smartphone markets.The company at present uses third-party online and offline retailers to sell its products in the country.Apple CEO Tim Cook said in a tweet that the company "can’t wait to connect with our customers and expand support in India.”The Sept. 23 launch comes ahead of India's major Hindu festival season beginning next month.With a nearly 1.4 billion
Central Bank of India reduces MCLR by 5 bps

Central Bank of India reduces MCLR by 5 bps

Finance
Central Bank of India has reduced its marginal cost of funds-based lending rates (MCLR) by 5 basis points (bps) across all tenors, effective from Tuesday. The city-based lender has cut the one-year MCLR to 7.10 per cent from 7.15 per cent, a release said. Overnight and one-month MCLRs have been reduced to 6.55 per cent from 6.60 per cent earlier. The new three-month and six month MCLR will stand at 6.85 per cent and 7 per cent, respectively. Last week, Union Bank of India reduced MCLR by 5 bps across all tenors. Its one-year MCLR was revised to 7.20 per cent from 7.25 per cent earlier. Chennai-headquartered public sector lender Indian Overseas Bank has cut its MCLR by 10 bps across all tenors, effective September 10. Bank of Maharashtra also slashed MCLR by 10 bps for select tenors, l...
Study finds India missed early cases, lockdown was leaky

Study finds India missed early cases, lockdown was leaky

Health
Results of India’s first nationwide study of prevailing coronavirus infections has found that for every confirmed case detected in May, authorities were missing between 82 and 130 othersBy ANIRUDDHA GHOSAL AP Science WriterSeptember 11, 2020, 10:11 AM• 3 min readNEW DELHI -- Results of India’s first nationwide study of prevailing coronavirus infections found that for every confirmed case detected in May, authorities were missing between 82 and 130 others.At the time, India had confirmed around 35,000 cases and over 1,000 deaths. The study released Thursday showed that 6.4 million people were likely infected. And the virus had already spread to India’s villages, straining fragile health systems.Experts say the study confirms India’s limited and restrictive testing masked the actual toll and
India surpasses Brazil for 2nd in COVID-19 cases

India surpasses Brazil for 2nd in COVID-19 cases

World
Sept. 7 (UPI) -- India reported nearly 91,000 new cases of COVID-19 on Monday, setting a new record for the most infections in a single day as it jumped Brazil for the second-most infected country to the pandemic. The Asian nation's ministry of health announced it had recorded 90,802 cases, beating the previous record for most infections in a single day it had set a day prior with 90,632. Advertisement The new cases also lifted it over Brazil for second worldwide in infections with 4,204,613 to the South American country's 4,137,521, according to a live tracker of the virus by Johns Hopkins University. The world's second-most populous nation has been experiencing an exponential increase in cases since its first infections were recorded in late January and is showing no signs of peaking. ...
India now 2nd behind US in virus cases amid economic pain

India now 2nd behind US in virus cases amid economic pain

Health
NEW DELHI -- India's increasing coronavirus caseload made the Asian giant the world's second-worst-hit country behind the United States on Monday, as its efforts to head off economic disaster from the pandemic gain urgency.The 90,802 cases added in the past 24 hours pushed India’s total past Brazil with more than 4.2 million cases. India is now behind only the United States, where more than 6.2 million people have been infected, according to Johns Hopkins University.India’s Health Ministry on Monday also reported 1,016 new deaths for a total of 71,642, the third-highest national toll.The world's second-most populous country with 1.4 billion people, India has been recording the world’s largest daily increases in coronavirus cases for almost a month. Despite over 2 million new cases