India

14 Jul

Adani Group in-charge of management Mumbai Int’l Airport after clearance from CIDCO, GoM

editor0 CommentsBusiness, BUSINESS, India

The Adani Airport Holdings Ltd (AAHL) has taken over the management control of Mumbai International Airport Limited (MIAL), India’s second busiest airport by both passenger and cargo traffic, from the GVK Group following a board meeting of MIAL held on Tuesday, as per a statement issued by its parent company Adani Enterprises Limited. This new move is in line with approvals were received from the Government of India, the City and Industrial Development Corporation (CIDCO) of Maharashtra, and the Government of Maharashtra. MIAL is India’s second busiest airport both in terms of passenger and cargo traffic. With eight airports under…

14 Jul

Vaccination leads to reduced ICU stay, treatment cost

editor0 CommentsBUSINESS, Business, Covid Vaccine, Covid19, India

A cohort study on the impact of vaccination among Covid-19 patients by Star Health and Allied Insurance has unveiled the significant impacts of vaccination among individuals 45 years and above, IndiaMedToday reported. The study concluded that there was a marked reduction in the total hospitalisation expenses by approximately 24 per cent, the average length of stay (ALOS) by a mean of 2.1 days, ICU requirement by 66 per cent and a reduction of approximately 81 per cent in mortality among patients who had completed two doses of vaccination. The report said the study was conducted during the second wave (March…

14 Jul

No fuel price hike for 2nd day in a row

editor0 CommentsBUSINESS, Business, India

The oil marketing companies kept the retail price of petrol and diesel unchanged on Wednesday, the second consecutive day of no change, to analyse the global oil price movement before making further revisions. After crossing $77 a barrel, global crude prices have softened a bit with differences surfacing in oil cartel OPEC over continuation of production cuts and demand concerns over rising Covid cases in several European countries. With price pause on Wednesday, petrol continues to be priced at Rs 101.19 a litre and diesel at 89.72 a litre in the national capital. On Monday, oil companies had raised the…

14 Jul

PM to virtually inaugurate slew of projects in Gujarat on July 16

editor0 CommentsBusiness, India

Prime Minister Narendra Modi will be virtually present on July 16 to inaugurate a host of developmental projects in Gujarat’s Ahmedabad and Gandhinagar. There are some new developmental projects and works which await inauguration/public dedication — some railway projects, new attractions at the Gujarat Science City and the newly developed Railway station at Gandhinagar and adjoining hotel. On July 16, the Prime Minister will virtually inaugurate the redeveloped Gandhinagar Railway Station and a 318 room five star hotel atop the railway station. He will also flag off the superfast weekly Gandhinagar-Varanasi train and the Baretha MEMU train. Besides that, the…

13 Jul

Southwest Monsoon covers entire country after delay of 5 days

editor0 CommentsIndia

After advancing over Delhi-NCR, the Southwest Monsoon covered the entire country on Tuesday after a delay of five days, the India Meteorological Department said. The Southwest Monsoon usually covers the entire country on July 8. The earlier normal date for the monsoon to cover the entire country was July 15. Last year, the IMD revised its onset date for several areas. The monsoon covered its last outposts - the desert town of Jaisalmer and Ganganagar in Rajasthan - on Monday but evaded Delhi. It covered Barmer, another desert district in Rajasthan some two weeks before its normal onset date. "In…

13 Jul

Power demand in India expected to grow 6 pc in FY22: Icra

editor0 CommentsBusiness, BUSINESS, India

Demand for electricity in India is expected to grow 6 per cent in 2021-22 as compared to the previous fiscal year, rating agency Icra said on Tuesday. It has also estimated power generation capacity addition at 17- 18 GW for the ongoing fiscal year. “ICRA Ratings has estimated the all India electricity demand growth at 6.0 per cent for FY2022 on a year-on-year (YoY) basis, considering the favourable base effect, relatively lesser impact of the second wave on electricity demand and the pick-up in the vaccination programme,” an Icra statement said. The electricity demand slowed down during the first two…

13 Jul

1st COVID-19 Patient of India Tests Positive again for the Coronavirus

editor0 CommentsCovid19, India

Today in Kerala's Thrissur health authorities said that a women who was tested positive for corona virus has tested positive again. she told to the press she tested for corona virus as she was prepared to go to New Delhi for study purposes. Then the test came out as positive. The woman is currently at home and she is ok. It was on January 30, 2020 the third year medical student from Wuhan university tested positive for COVID-19, becoming India's first COVID-19 patient, and after that she had returned home following semester holidays. After nearly three weeks of treatment at…

13 Jul

Sachin, Sehwag, Shastri & others mourn the death of 1983 WC winner Yashpal Sharma

editor0 CommentsIndia, Sports

Former India cricketer and a member of 1983 World Cup-winning squad Yashpal Sharma passed away on Tuesday due to cardiac arrest at the age of 66. He is survived by his wife Renu Sharma, two daughters, and a son. Born in Ludhiana on August 11, 1954, Sharma was regarded as one of the finest middle-order batsmen. After making his international debut in 1979 against England, Sharma played 37 Tests for India, scoring 1606 runs with two centuries and nine fifties. He made his ODI debut against Pakistan in 1978. He had represented India in 42 One Day Internationals in which…

13 Jul

Reliance Industries invests into 10,000 equity shares of RNESL

editor0 CommentsBUSINESS, Business, India

Reliance Industries Ltd said on Monday that it has invested Rs 1 lakh in cash in 10,000 equity shares of its newly incorporated subsidiary Reliance New Energy Solar Ltd (RNESL). RIL noted that RNESL is yet to commence its business operations. RNESL has been incorporated to undertake activities relating to solar energy, the company said in a regulatory filing. “It is hereby informed that the company has invested Rs 1,00,000 in cash in 10,000 equity shares of Rs 10 each of ‘Reliance New Energy Solar Ltd’ (RNESL), a newly incorporated wholly-owned subsidiary,” it said. The filing added that the investment…

13 Jul

Banks move NCLT to invoke personal guarantee of promoters

editor0 CommentsBusiness, BUSINESS, India

Several banks have started moving the National Company Law Tribunal (NCLT) to invoke the personal guarantees given by promoters of defaulting companies. According to banking sources, leading banks, including State Bank of India (SBI), Bank of Baroda (BOB), and Union Bank of India (UBI) have approached different benches of NCLT to invoke the personal guarantee of 17 big defaulters including Atul Punj of Punj Lloyd (Rs 3,000 crore), Sanjay Singal of Bhushan Power and Steel (Rs 47,150 crore), and Wadhawans of DHFL (Rs 79,000 crore). Sources says that banks have decided that for invoking the personal guarantees, only the lead…