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Pandemic does not dampen demand for gold; robust growth seen in Q1

Pandemic does not dampen demand for gold; robust growth seen in Q1 FP Photo Consumer demand for gold in India saw robust growth in the first quarter of calendar year 2021. According to a report by Motilal Oswal Institutional Equities, total consumer demand for gold in India, which includes jewellery, bars, and coins, witnessed a 37.4 percent year-on- year growth in 1QCY21 to 140 ton. On a QoQ basis, demand was down 24.8 percent, IANS said. Demand for jewellery remained robust in India, with volumes up 38.3 percent YoY to 102.5 tons in 1QCY21. Demand was boosted by easing of lockdown restrictions, lower gold prices, magnified by lowering of customs duty, and wedding demand.

Vodafone Idea: VIL s long-term business concerns remain an overhang for Indus Towers: Report

Synopsis The management continues to reiterate that 5G and fibre opportunities would continue to drive growth in the future as dependency on strong telecom infrastructure remains. Tenancy additions have also improved in the past three quarters.which signifies demand for new towers, report said. VIL is facing a severe liquidity risk due to its huge cash obligations. Its long-term business concerns still remain an overhang for Indus Towers. The 5G opportunities and growth momentum cited by Indus Towers management notwithstanding, the long-term business concerns of large client Vodafone Idea remain an overhang for the tower company, according to a report.

Covid-19: 1 2 billion doses needed from May, capacity for 115 million/month | India News

This comes with a rider that Dr Reddy’s will initially be able to import a limited number of Sputnik V doses from Russia, and there would be no additional vaccines at the country’s disposal till mid-year. MUMBAI: There would be a need for an additional 1.2 billion doses (assuming two jabs per person) from May, with the government opening up vaccination for everyone above 18 years. This is because an estimated 44% or around 600 million of the country’s population falls in the 18-45 years age group. Assuming the ramped up capacity by June, three vaccine firms Serum Institute (100 m doses per month of Covishield), Bharat Biotech (10 m per month of Covaxin), and Dr Reddy’s (around 4 m doses per month of Sputnik V) will together be able to throw up only 115 million jabs per month, just about 10% of the total demand.

SBI Cards strengthens lead as 2nd largest player

SBI Cards strengthens lead as 2nd largest player
oklahomacitysun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oklahomacitysun.com Daily Mail and Mail on Sunday newspapers.

SBI Cards strengthens lead as 2nd largest player: Motilal Oswal

SBI Cards strengthens lead as 2nd largest player: Motilal Oswal
aninews.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aninews.in Daily Mail and Mail on Sunday newspapers.

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