Indian News

Future Group founder Kishore Biyani

Future Group lost Rs 7,000 cr revenue in first 3-4 months of COVID-19 pandemic: Kishore Biyani

Eco/Invest/Demography, Non-Life       Oct 14, 2020

  Mumbai: Future Group founder Kishore Biyani on Wednesday said the homegrown retail major lost nearly Rs 7,000 crore revenue in first three-four months of the COVID-19 pandemic due to closing of stores, which led him to sell his business to Reliance Industries. In August this...

NGT notice to Centre on plea for quashing notification on groundwater extraction

  New Delhi: The National Green Tribunal Tuesday issued notice to the Centre and the CPCB on a plea seeking quashing of a notification on groundwater extraction on the grounds that its commercial use was adversely affecting the flow of rivers and availability of drinking water...

Indian activists oppose plans to make Goa a coal transport hub

  CHENNAI: Indian activists and politicians in Goa, known globally for its pristine coastline and dense forests, are opposing a plan by Prime Minister Narendra Modi’s government to turn Goa into a coal transportation hub. Locals and activists have been protesting against three infrastructure projects -...

Sabotage suspected in Mumbai power outage: Energy minister

Mumbai: Maharashtra Energy Minister Nitin Raut on Wednesday said a possibility of sabotage cannot be ruled out in the massive power outage in Mumbai and neighbouring areas two days back. Talking to reporters, Raut said the power breakdown in the metropolis and neighbouring Thane and...

COVID-19 caseload in India rises to 72,39,389

Eco/Invest/Demography, Health, Non-Life, Pandemic       Oct 14, 2020

New Delhi: India's COVID-19 caseload rose to 72,39,389 with 63,509 infections being reported in a day, while the number of people who have recuperated from the disease crossed 63 lakh pushing the recovery rate to 87.05 per cent, according to the Health Ministry data updated...

Policyholders can now opt for renewal, migration and portability of their standard Covid covers:IRDAI 

Health, Life, Non-Life, Pandemic       Oct 13, 2020

  Hyderabad: The insurance regulator IRDAI has allowed insurers the choice to facilitate renewal, migration and portability, as may be applicable, for the COVID specific standard health products -Corona Rakshak Policy, Corona Kavach Policy” and Group Corona Kavach policy. In respect of Corona Kavach individual policies,...

Delhi's air quality hits 'very poor' level, first time this season

Eco/Invest/Demography       Oct 13, 2020

New Delhi: The national capital's air quality was in the very poor category on Tuesday morning, the first time this season, with calm winds and low temperatures allowing accumulation of pollutants. According to the Ministry of Earth Sciences' Air Quality Early Warning System for Delhi,...

SIP inflows drop for 6th month in Sept; investors prefer to maintain liquidity

Eco/Invest/Demography, Wealth Management       Oct 13, 2020

New Delhi: Investment in mutual funds through SIPs remained lacklustre with inflow dropping for the sixth-consecutive month to Rs 7,788 crore in September amid challenging economic environment. The trend is expected to reverse only slowly as investors feel more confident to save more once their...

GoAir pilots shut down P&W engine mid-air, even after fixes: Report

Non-Life, Risk Management       Oct 13, 2020

Pilots of an Airbus SE A320neo jet in India shut down a Pratt & Whitney engine mid-air last month after it encountered problems, people familiar with the incident said, reviving concerns about the turbines that have been plagued by issues since their debut in early...