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VIX soars to 23 mark amid broader selloff

Nifty April futures trade at premiumThe Nifty April 2021 futures were at 14,364.50, a premium of 53.17 points compared with Nifty s spot closing of 14,310.80. Turnover on the National Stock Exchange s futures & options (F&O) segment was Rs 35.35 lakh crore compared with Rs 22.34 lakh crore in the previous session. In the cash market, the Nifty 50 index slumped 524.05 points or 3.53% to 14,310.80. The NSE s India VIX, a gauge of market s expectation of volatility over the near term, soared 16.22% to 23. RIL, Infosys and Dr. Reddy s were the top traded stock futures contracts in F&O segment for April expiry. The April F&O contracts will expire on 29 April 2021.

At current pace, all eligible Indians to get vaccines in over 3 years

With India taking 85 days to administer 10 crore (100 mn) Covid vaccine doses, a rough calculation shows that all eligible Indians can expect to be fully inoculated in over three years as per the current pace. Cumulatively, 10,15,95,147 vaccine doses have been administered through 15,17,963 sessions, as per the provisional report till 7 a.m. on Sunday, the Health and Family Welfare Ministry said. India achieved the landmark after the beginning of Covid-19 vaccination drive on January 16. A rough calculation shows that 1,156 days (over three years) may be needed to inoculate each eligible Indian. However, it is not sure whether all these will be fully inoculated in this period as only 1,27,09,186 people, including Health Care Workers (HCWs) and Front Line Workers (FLWs), have so far been fully inoculated during these 85 days.

South Korea to resume AstraZeneca coronavirus vaccine for ages 30-60

Read more about South Korea to resume AstraZeneca coronavirus vaccine for ages 30-60 on Business Standard. South Korea says it will resume administrating AstraZeneca s coronavirus vaccine to all eligible people between the ages of 30 and 60.Last week, South Korea suspended the use of AstraZeneca vaccines for those 60 years old or younger while awaiting

European Union and Covid-19: When a vaccine only adds to the trouble

European Union leaders no longer meet around a common oval summit table to broker their famed compromises. Instead, each of the 27 watches the other heads of state or government with suspicion via a video screen that shows a mosaic of faraway capitals. This is what COVID-19 has wrought. Lofty hopes that the crisis would encourage a new and tighter bloc to face a common challenge have given way to the reality of division: The pandemic has set member nation against member nation, and many capitals against the EU itself, as symbolised by the disjointed, virtual meetings the leaders now hold.

DoT to issue guidelines for implementation of PLI in telecom within week

The Department of Telecommunications (DoT) is likely to issue guidelines on implementation of production-linked incentive (PLI) schemes for manufacturers in the sector and start inviting applications for the same in about a week, according to government officials. Telecom gear makers firms such as Ericsson and Nokia are keen to expand their operations in India, and global companies like Samsung, Cisco, Ciena and Foxconn have shown interest to set up manufacturing bases in the country for telecom and networking products for domestic and export markets. Telecom PLI has already been approved by the government. The DoT is ready with guidelines to implement it, application format, incentive allocation, etc. It should be published on the DoT website within a week, the official, who did not wish to be named, told PTI.

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