the business effect to covid-19

1. The Economic Times industry

2. .
Full-service carrier Vistara has gradually been resuming services that were halted
temporarily due to the pandemic, the airline said adding that on the domestic
network, the choice of non-vegetarian meals in economy class on all eligible flights
is also made available from January 1 this year.

3. India-UAE FTA likely to help gem and jewellery
industry increase export to gulf country.
 Among the top 10 gem
and jewellery export
destinations, UAE has
witnessed the highest fall
of 41.50% followed by
Belgium 15.81%, Japan
12.20%, and Hong Kong
3.06% during April 2021 –
January 2022 as compared
to April 2019 – January
2020.

4. Kia to ramp up production on Andhra Pradesh
factory as semiconductor crisis eases, demand
grows
 Among the top 10 gem
and jewellery export
destinations, UAE has
witnessed the highest fall
of 41.50% followed by
Belgium 15.81%, Japan
12.20%, and Hong Kong
3.06% during April 2021 –
January 2022 as compared
to April 2019 – January
2020.

5. Make or break year for eCars as sales
surge in us, Europe and china.
o Battery-powered cars are
having a breakthrough moment
and will enter the mainstream
this year as automakers begin
selling electric versions of one
of Americans' favourite vehicle
type: pickup trucks. But not
everyone will benefit. Makers
of mufflers, fuel injection
systems and other parts could
go out of business,

6. Reliance Capital’s lenders agree on
Eol document for bidders
• The Reserve Bank of India had
superseded the board of
Reliance Capital on November
30 and brought in Nageswara
Rao, a former executive
director at Bank of
Maharashtra, as its
administrator. The
administrator has admitted
claims worth ₹24,000 crore of
financial creditors so far.

7. Galaxy Investments
 Galaxy Investments, a
wholly owned subsidiary
of KKR Asia Pacific
Infrastructure Holdings,
has entered into a
definitive agreement with
UK’s development finance
institution CDC’s India
Infrastructure Fund II to
acquire a stake in the
company.

8. State oil companies need to hike fuel
rates by Rs 5-6/litre: Analists.
 Prices of petrol and
diesel are market-
determined in India
and domestic refiners
are expected to revise
fuel prices daily in line
with changes in the
international rates.

9. Farmers unite in push for share of
India’s solar power bonanza.
 Unlike most other places, in
Pavagada, farmers continue to
own the land used by the solar
firms operating the park,
making it a unique plug-and-
play model, according to state
officials. But it is also the rare
involvement of residents
around the massive facility that
differentiates it and highlights
the need for community
participation as India bets big
on solar power, say human
rights activists.

10. Lords Automative ties up with state-owned
firm to make EVs in Kerala.
 Lords Automative, a
subsidiary of Lord’s Mark
Industries, will hold 74%
stake in the joint venture
company that will set up a
manufacturing facility in
Kannur with an annual
capacity of 1.5 million
electric vehicles, with
Kerala Automobiles
holding the rest 26%.

11. Omicron is pushing small
businesses to the brink
 For small business
owners across the U.S.
who have contended
with the pandemic
and scrambled to get
federal support to stay
afloat, some of this
will sound familiar

12. Shoppers give malls a miss as third
wave hits
 Footfalls, or the
number of visitors, at
top malls in Mumbai,
Delhi and Bengaluru
were down 15-25% in
the past three days
compared with this
time last year,
industry executives
said.

13. There will be a slowdown in this quarter's
activity: Raghuram Rajan
 “We do not have unlimited
budgets but that means we
have to spend much more
carefully but we should spend
in a more targeted way and it is
not for a country of our size
and our per capita GDP it does
make sense to take care of the
poorest. We shouldn't be
making too many strong
predictions given a

14. Omicron surge pushes U.S. COVID
hospitalizations toward record high
 Hospitalizations have
increased steadily since
late December as Omicron
quickly overtook Delta as
the dominant coronavirus
variant in the United
States, although experts
say Omicron will likely
prove less deadly than
prior iterations