India reports 8.4 percent quarterly growth
INDIA'S economy has recovered to its pre-pandemic size, official data showed, boosted by a broad-based recovery in the July-September quarter after a deadly infection surge earlier this year.
Asia's third-largest economy maintained its virus bounceback with 8.4 percent growth in the three months ending September 30, compared to a contraction of 7.4 percent in the same quarter last year.
The country of 1.3 billion was hammered in 2020 by sudden Covid lockdowns that saw most industrial and manufacturing activity grind to a halt for months.
Infections skyrocketed again earlier this year in an outbreak that overwhelmed hospitals and crematoriums.
A recovery in consumption during the recent festive season helped the economy make up some lost ground.
Credit rating agency ICRA's chief economist, Aditi Nayar has said that ‘many indicators have displayed a flagging momentum in November 2021'.
THERANOS founder Elizabeth Holmes testified that she was abused by her former romantic partner and Theranos executive Ramesh ‘Sunny' Balwani and that the relationship had a pervasive impact on her life during the time when she is accused of committing fraud.
During her fourth day on the stand, Holmes, 37, occasionally choked up as she spoke about her decade-long relationship with Balwani, Theranos' chief operating officer, whom she met when she was 18 and he was 38.
Throughout the relationship, Holmes said, Balwani forced her to have sex when she did not want to, and was verbally abusive.
Balwani has ‘categorically' denied the allegations in court filings, calling them ‘false and inflammatory.' An attorney for Balwani did not immediately reply to a request for comment.
Both Holmes and Balwani have pleaded not guilty to criminal charges for allegedly lying about the now-defunct startup's technology that supposedly could run diagnostic tests more quickly and accurately than traditional lab testing.
Prosecutors say Holmes turned to fraud after pharmaceutical companies lost interest in the Theranos technology. Her attorneys portray Holmes as a young, hardworking entrepreneur whose company failed, and, they suggested she relied on Balwani to her detriment.
Holmes had previously testified that she left Stanford University at 19 to focus on building Theranos. Last week, she explained that she left in part because she had been raped while at Stanford.