Manipal-TPG extends validity of its ‘modified new offer’ for Fortis

Fortis Healthcare (FHL) has said that a consortium of Manipal-TPG has extended the validity of its “modified” new offer to invest in the company. As per a late night BSE filing on Wednesday, FHL said that its Board has received a letter from Manipal-TPG for extending the validity of their “modified” new offer till June …

SEBI eases access for foreign investors in IFSC

The Securities and Exchange Board of India (SEBI) on Thursday eased the market access for foreign investors in IFSC (International Financial Service Centre). According to a circular issued on Thursday by the securities market regulator, “… based on the feedback received from market participants, it has been decided to permit Segregated Nominee Account Structure in …

India, Netherlands agree to boost trade, cooperate across multiple sectors (Roundup)

India and The Netherlands on Thursday agreed to boost bilateral trade and investment and strengthen cooperation across multiple sectors, including agriculture and food processing, water management and science and technology, following a bilateral summit between Prime Minister Narendra Modi and his Dutch counterpart Mark Rutte. Jointly addressing the media with Rutte after attending an India-Netherlands …

India, Netherlands agree to boost trade, cooperate across multiple sectors (Roundup)

India and The Netherlands on Thursday agreed to boost bilateral trade and investment and strengthen cooperation across multiple sectors, including agriculture and food processing, water management and science and technology, following a bilateral summit between Prime Minister Narendra Modi and his Dutch counterpart Mark Rutte. Jointly addressing the media with Rutte after attending an India-Netherlands …

India, Netherlands agree to boost trade, cooperate across multiple sectors (Roundup)

India and The Netherlands on Thursday agreed to boost bilateral trade and investment and strengthen cooperation across multiple sectors, including agriculture and food processing, water management and science and technology, following a bilateral summit between Prime Minister Narendra Modi and his Dutch counterpart Mark Rutte. Jointly addressing the media with Rutte after attending an India-Netherlands …

After 1,460 days of Modi rule, ‘achhe din’ yet to come, feel experts (4th anniversary of BJP-led government)

There’s only one year more to go for the BJP-led regime before another test at the hustings. But is the country any nearer to Prime Minister Narendra Modi’s promised ‘acche din’ (good days)’ Four years ago, the country had voted the present regime to power on hopes of better days in all socio-economic-political spheres. But …

Film celebs condole ‘murdered innocents’ in TN

Film celebrities like R. Madhavan, Siddharth and Jayam Ravi have condoled the death of civilians killed in police firing during ongoing anti-Sterlite protests in Tamil Nadu’s Toothukudi district. Thousands of people from nearby areas allegedly attacked the District Collectorate demanding closure of the Vedanta Group-run company on Tuesday. The Tamil Nadu government has ordered a …

US wants to jointly build India’s indigenous defence eco-system: Envoy

Stating that defence-related sales from the US to India have increased from zero to $15 billion in the last 10 years, US Consul General in Kolkata Craig L. Hall on Tuesday said the US looks forward to jointly develop India’s defence infrastructure to further strengthen the ties between the two nations. “The defence sales have …

Air passenger ‘charter’ promises relief from cancellation charges, delays (Second Lead)

Domestic air passengers will soon be able to avail full refunds and additional compensation for flight delays and cancellations as the government on Tuesday put in the public domain a new ‘passenger charter’ for eliciting comments, suggestions before notifying them. The new air passenger charter seeks to amend current norms for charges incurred by travellers …

Apollo Hospitals adopts IBM Watson for oncology and genomics (Lead, correcting designation in Para 3)

Apollo Hospitals on Tuesday joined hands with IBM to deploy its cognitive computing platform Watson for oncology and genomics in 10 of its cancer care centres. Watson will help oncologists surface relevant data to bridge disparate sources of information and identify treatments that are personalised to each unique patient. “Each person’s cancer journey is unique …

SP patronised criminals, we’re hounding them out: UP CM

Uttar Pradesh Chief Minister Yogi Adityanath on Tuesday lashed out at the Samajwadi Party (SP) and accused it of patronising criminals and communal forces when in power in the state. Addressing an election rally in Kairana, ahead of the May 28 Lok Sabha bypoll, Adityanath said the previous SP regime was tainted with the Muzaffaranagar …

Equity indices close marginally higher; auto, metal stocks gain (Second Lead)

The key Indian equity indices provisionally closed in the green on Tuesday, although with marginal gains on the back of value buying by investors, after declining for five sessions in a row. According to market analysts, healthy buying activity was witnessed in auto, metal and healthcare stocks. However, weakness in global markets and rise in …

ED seizes Dabur India director’s assets worth Rs 21 cr

The Enforcement Directorate on Tuesday seized assets worth Rs 20.87 crore belonging to the director of Dabur India Limited under Foreign Exchange Management Act (FEMA) for holding assets abroad. The seizure order has been issued pursuant to an investigation which prima facie revealed that the company’s Director Pradip Burman had deposited $3.21 million in his …

This drug could prevent brain damage caused by cosmic rays

As NASA and private space companies like SpaceX plan to send humans to Mars within the next 15 years, scientists have identified a potential treatment for the brain damage caused by exposure to cosmic rays. Among the major challenges facing future crewed space missions is how to protect astronauts from the dangerous cosmic radiation of …

Where Kudankulam’s nuclear island is created bit by bit

The steam generator for the third unit of the Kudankulam Nuclear Power Project (KNPP) in Tamil Nadu is three months away from completion at the Atomenergomash factory around three hours drive from here, according to its Director, Maksim Jidkov. Leading a party of Indian journalists on a tour of the facilities of this manufacturing arm …

iVOOMi’s ‘Full View’ display smartphone in India for Rs 7,499

Chinese electronics company iVOOMi on Tuesday launched “i2” with 3D mirror finish for Rs 7,499 in India. The device comes with features such as “Full View” display and facial recognition and is exclusively available on Flipkart. The smartphone also supports dual active 4G VoLTE connectivity. “iVOOMi ‘i2’ is a design inspiration with features like face …

Negative global cues subdue key Indian equity indices

Broadly negative Asian markets, along with high crude oil prices and caution ahead of key quarterly results subdued the Indian equity indices during the morning trade session on Tuesday. According to market observers, heavy selling was witnessed in metals, automobile and banking stocks. Around 9.30 a.m., the broader Nifty50 of the National Stock Exchange (NSE) …

Agro exports, line of credit to strengthen India-Egypt economic ties: Envoy

Pointing out that trade exchanges between India and Egypt have picked up pace in the last one year, outgoing Indian Ambassador to the Arab nation Sanjay Bhattacharya on Monday said the growth in agro-exports from India to Egypt and its acceptance of India’s line of credit facility can further boost bilateral economic ties. “The trade …

Astronomers spot our Solar System’s first interstellar immigrant

Astronomers have spotted an asteroid, the first known permanent immigrant to our Solar System, a discovery that may reveal important problems of planet formation, solar system evolution, and possibly the origin of life itself. Currently nestling in Jupiter’s orbit, the former exo-asteroid was given the catchy name (514107) 2015 BZ509. It is the second alien …

Fuel prices sky rocket: Chambers tell government to cut excise duties (Roundup)

With transport fuel prices in Delhi and Mumbai touching an all-time high, industry chambers, Ficci and Assocham, on Monday called for the government to urgently reduce fuel excise duties. It also urged the government to bring automobile fuels under the purview of Goods and Services Tax (GST). The price of petrol per litre in Delhi …

Fuel prices sky rocket: Chambers tell government to cut excise duties (Roundup)

With transport fuel prices in Delhi and Mumbai touching an all-time high, industry chambers, Ficci and Assocham, on Monday called for the government to urgently reduce fuel excise duties. It also urged the government to bring automobile fuels under the purview of Goods and Services Tax (GST). The price of petrol per litre in Delhi …

ISL: Delhi Dynamos appoint Mridul Banerjee as assistant coach

Indian Super League (ISL) outfit Delhi Dynamos on Monday appointed Mridul Banerjee as the new assistant coach of the club. The 59-year-old will take over from Shakti Chauhan who left the side earlier this month. Banerjee joins Dynamos after completing his stint as the head coach of Mohammedan Sporting where he guided the team to …

Modi arrives in Russia

Indian Prime Minister Narendra Modi arrived here on Monday on a nine-hour visit during which he will hold an informal summit with Russian President Vladimir Putin. “All in 9 hours! Continuing the tradition of high-level visits, PM Modi arrives in Sochi for informal summit with President Putin,” Indian External Affairs Ministry spokesperson Raveesh Kumar tweeted. …