North East

Airbus will showcase its best-in-class military products and cutting-edge defence technologies at the DefExpo airshow between February 5and 8, 2020, in Lucknow, Uttar Pradesh, India. Airbus’ exhibits at the show will demonstrate its capabilities and commitmentto kick-start a defence industrial base in the country. Airbus will exhibit at Stand S46, Hall 07. Visitors to the stand will find scale models of the highly versatile C295 aircraft which is proven around the world as a tough, reliable and high-performance workhorse with outstanding lifecycle costs and excellent performance on short or unpaved runways. Airbus has bid to manufacture the C295 in India together…

The Board of Directors of Kotak Mahindra Bank (‘Kotak Bank’) took on record the unaudited standalone and consolidated results for Q3FY20, at the Board meeting held in Mumbai, today. Bank’s PAT for Q3FY20 increased to Rs.1,596 cr from Rs.1,291 cr in Q3FY19 up 24%. During this quarter, employee cost includes non-recurring charge towards pension obligation of ~ Rs.200 cr mainly due to change in annuity rate, DA, etc. Net Interest Income (NII) for Q3FY20 increased to Rs.3,430 cr from Rs.2,926 cr in Q3FY19, up by 17%. Net Interest Margin (NIM) for Q3FY20 at 4.69% up from 4.31% in Q3FY19. CASA…

 India's largest payments platform Paytm (owned by One97 Communications Limited) has today announced that it will be onboarding 2 million merchants in the next 12 months from the eastern region including West Bengal, Assam, Jharkhand and Orissa. The recent launch of All-in-One QR for merchants across the country has already enabled over 2 million merchants in this Eastern India to accept unlimited payments through Paytm Wallet, Rupay Cards and all UPI based payment apps directly into their bank account at 0% fee. The platform offers a single reconciliation of all payments through its 'Paytm for Business' app. The company further plans…

Much more than in the past, the number of pre-term babies is on the rise lately. WHO reveals that an estimated 15 million babies are born preterm. Dr. Sumita Saha, Consultant Paediatrician and NICU in-charge at Fortis Hospital Anandapur said, a baby is called as premature if he/she is born before 37 weeks of gestation period as against a normal term of 40 weeks. However, those born between 32-37 weeks generally do not need much support. Those born below 32 weeks are the ones who need a good amount of intensive care support. However, if born over 24 weeks, the…

Fortis Escorts Heart Institute (FEHI), New Delhi performed India's First Coronary Shockwave Lithotripsy to open up a severely blocked artery in a 67 year-old patient who had recently had a heart attack.  It was done by a team of doctors led by Dr Ashok Seth, Chairman, FEHI, New Delhi. The patient had 90 percent blocked artery which could not be opened by the standard technique balloon angioplasty at extremely high pressures with balloon bursting and it became impossible to open the blockage. Then the novel shockwave balloon was inserted inside the heart artery and sonic pulses delivered to break the…