No loss of life has been reported in the Kullu and Mandi districts...
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Financial bids for IDBI bank likely this fiscal; PSU banks sale on hold: DIPAM Secretary
Tuhin Kant Pandey, Secretary, Department of Investment and Public...
Ransomware attack forces hundreds of small Indian banks offline, sources say
The attack affected C-Edge Technologies, a provider of banking...
Team to check crop insurance irregularities: Maha minister
Addressing a press meet, minister of state for revenue Sattar said the Maharashtra and Central governments had paid Rs 5,800 crore as crop insurance premium last year, while these firms had dispersed just Rs 1,000 crore as claim to farmers.” ”The role of tehsildars and agriculture department officials must be checked in this matter. Those involved should be subjected to narco tests,” he asserted.
Paytm board grants in-principle approval for around Rs 22,000 crore IPO
It is likely to be one of the largest IPOs in India if the company is able to achieve the target as per its plan. Paytm shareholders include Alibaba’s Ant Group (29.71 per cent), Softbank Vision Fund (19.63 per cent), Saif Partners (18.56 per cent), Vijay Shekhar Sharma (14.67 per cent). AGH Holding, T Rowe Price and Discovery Capital, Berkshire Hathaway hold less than 10 per cent stake in the company.
Centre allocates Rs 5,117 crore grant to Madhya Pradesh under Jal Jeevan Mission
The Centre has earmarked Rs 50,000 crore to the Jal Jeevan Mission which aims to provide piped drinking water to all rural households by 2024
Covid-19: Govt announces additional benefits under EPFO, ESIC schemes
“The Ministry of Labour and Employment has announced additional benefits for workers through ESIC and EPFO schemes to address the fear and anxiety of workers about wellbeing of their family members due to increase in incidences of death due to COVID-19 pandemic,” a ministry statement said.
Enhanced social security is sought to be provided to the workers without any additional cost to the employer, it added.
Group health insurance startup Plum raises $15.6mn Series A funding led by Tiger Global
The group health insurance market in India, which is almost 50% of the total $3.5bn health insurance market, has seen an annual growth of about 25% in the last few years and is doubling every three years. Group health insurance products cover about 90 mn Indians, but are expected to cover more than 500mn Indians by the end of this decade..With over 600 organisations on-boarded, Plum has been witnessing a growth rate of 110% quarter-on-quarter
Monsoon likely to hit Indian coast around June 3- weather office
Nearly half of India’s farmland has no irrigation and depends on annual June-September rains to grow crops such as rice, corn, cane, cotton, and soybeans.
Rishiganga glacier not yet in critical condition: Uttarakhand DGP
A team of scientists had on Saturday conducted an aerial survey of glaciers at the origin of the Rishiganga river in Chamoli. The survey was undertaken based on information by villagers that there were cracks developing in the glaciers.
India reports 3,460 more COVID-19 deaths, over 165,000 new infections
India has administered about 212 million doses, the most after China and the United States, but has given the necessary two doses to only about 3% of its 1.35 billion people.
India’s Mahindra expects car sales to take two years to rebound after COVID shock
Car sales had started to pick up in the January-March period but a second, more deadly wave of infections forced lockdowns again. This time consumer sentiment has taken a hit and discretionary spending is likely to take longer to recover.
The virus is also spreading to rural India, which was relatively protected during the first wave and had offset the low demand automakers saw in urban centres.
Carmakers in ‘India’s Detroit’ allowed to operate as workers protest COVID risk
Tamil Nadu government order issued on Saturday said so-called continuous process industries, which include auto factories, would be allowed to function in accordance with measures such as social distancing to stem the virus’s spread.
It also urged vehicle manufacturers to initiate immediate action to vaccinate all their employees within a month.