Some 50 people have been rescued so far from cable cars which were left dangling mid-air after a malfunction of the ropeway which saw trolley cars colliding on Sunday 4 pm.
Para, perhaps, has become the first person to benefit from the Supreme Court putting on hold trial of cases under section 124 A (sedition).
The active cases comprise 1.47 per cent of the total infections, while the national COVID-19 recovery rate has increased to 97.20 per cent, the data updated at 8 am showed.
After Deshmukh (71) was remanded to judicial custody, his legal team moved a plea before the court, seeking that he be allowed to have home food and medicines, considering his age and medical history.
Engineering giant Larsen & Toubro (L&T) handed out a pay cheque of Rs 61.27 crore to its chief executive officer (CEO) and managing director (MD) SN Subrahmanyan in the last financial year (FY22), which is a near 115 per cent hike over FY21, as executive compensation at India Inc comes under sharp focus after two years of Covid-19. In fact, the total compensation of L&T's executive directors (including Subrahmanyan) in FY22 was 120 to 670 times the median remuneration of the company's employees, data from its FY22 annual report shows. This points to sharp hikes that the top management saw in their remuneration during the period, experts in human resources said. In FY21, L&T's executive compensation was 56 to 337 times the median remuneration of company employees.
In the Sensex pack, Yes bank emerged as the biggest loser, falling 9.13 per cent, followed by IndusInd Bank (6.6 per cent), HeroMotoCorp (6.01 per cent), Sun Pharma (4.79 per cent) and SBI (4.70 per cent).
The Bharatiya Janata Party on Sunday won four seats in Haryana, Uttar Pradesh, Bihar and Odisha, while the Rashtriya Janata Dal retained the Mokama assembly seat in the bypolls to seven assembly constituencies in six states.
Delhi currently has four days of Covaxin and three days of Covishield stock for those above 45, and healthcare and frontline workers.
The first ever auction of non-core assets through the Department of Investment and Public Asset Management's (DIPAM) asset monetisation portal has failed to garner adequate response for land assets of Bharat Sanchar Nigam Ltd (BSNL) that was expected to garner at least Rs 470 crore. The DIPAM has asked its property consultants to identify issues in the bidding criteria that can be resolved. In November 2021, the DIPAM had listed six properties of BSNL and MTNL for sale through its new e-bidding portal for asset monetisation portal developed by state-run MSTC.
Earlier, former Mumbai police commissioner Param Bir Singh had accused Deshmukh of asking Waze to collect money from bar owners in Mumbai, an allegation which Deshmukh, who later resigned, denied.
Shyam Metalics and Energy (SMEL) will end the over two-month drought in the initial public offering (IPO) market. The steelmaker will launch its Rs 909-crore offering soon. SMEL has pruned its IPO size from Rs 1,107 crore, with the promoters deciding to offload shares worth Rs 252 crore as against Rs 452 crore planned earlier. The company has priced its IPO between Rs 303 to 306 per share.
There were four instances of two Indian sailors qualifying for the Olympics earlier but they took part in the same event. This time in Tokyo, India will be taking part in more than one event in sailing.
He alleged that the BJP made people burst firecrackers on Diwali.
Tope's remarks on the forthcoming drive wherein people above 18 years will become eligible for immunisation came amid reports that many people in Maharashtra are not getting the doses due to the shortage.
A special court in Mumbai on Wednesday reserved till Thursday its order on the bail pleas of former Maharashtra home minister Anil Deshmukh and state minister Nawab Malik seeking the one-day relief to cast their votes in the June 10 Rajya Sabha elections.
A round-up of Ranji Trophy matches played on Friday.
India saw a single-day rise of 19,740 COVID-19 infections, taking the country's total tally of cases to 3,39,35,309, while the number of active cases has declined to 2,36,643, the lowest in 206 days, according to Union health ministry data updated on Saturday.
Apart from being the most successful cases under the IBC, Bhushan Steel and Essar Steel are among the best steel assets in the country. They also ended up helping their lenders get back a significant chunk of the money while allowing Tata Steel to consolidate its position and giving the world's two largest steel makers - ArcelorMittal and Nippon Steel - a strong foothold in India. A significant contrast was the pace at which these two cases were resolved under the bankruptcy code. In the annals of the Insolvency and Bankruptcy Code (IBC), Essar Steel may go down in history as the most noticeable resolution with the world's largest steelmaker, ArcelorMittal, and the incumbent, Ruia family, locked in an intense battle spanning more than two years and ultimately resulting in full recovery of the principal amount for the financial creditors.
Singh in his statement also alleged that he was pressured into reinstating suspended police officer Sachin Waze in the police force by chief minister Uddhav Thackeray and Anil Deshmukh when he was holding the home portfolio.
IT services major Wipro on Wednesday posted an about 21 per cent increase in consolidated net profit at Rs 2,968 crore for the December 2020 quarter. The net profit attributable to shareholders in the year-ago period was at Rs 2,455.9 crore, according to a regulatory filing by Wipro. Its revenue from operations grew nearly 1.3 per cent to Rs 15,670 crore from Rs 15,470.5 crore in the quarter ended December 2019. Wipro, which gets a bulk of its topline from IT services, said it expects revenues from that business to be in the range of $2,102 million to $2,143 million in the March 2021 quarter.
The Supreme Court on Thursday junked a plea filed by former Maharashtra home minister Anil Deshmukh seeking records, including file notings and internal correspondence, of the preliminary enquiry report in the corruption case, saying "should we entertain this because he has been a minister."
A total of 74,91,513 people have recuperated from COVID-19 so far taking the national recovery rate to 91.54 per cent while the case fatality rate was recorded at 1.49 per cent.
After the ED arrested Deshmukh on Monday night under provisions of the Prevention of Money Laundering Act (PMLA), the agency officials had claimed the senior NCP leader was evasive during questioning.
The daily rise in new coronavirus infections has been below 30,000 for 36 straight days and less than 50,000 daily new cases have been reported for 125 consecutive days now.
The Union Carbide Corporation gave a compensation of $470 million (Rs 715 crore) after the toxic gas leak from the Union Carbide factory on the intervening night of December 2-3, 1984, killed over 3,000 people and affected 1.02 lakh others.
India's collection from tax on personal and corporate income jumped over 48 per cent in the current fiscal after a 41 per cent surge in advance tax payments, mirroring sustained economic recovery in a year that witnessed two waves of coronavirus infections. Net collections of direct taxes until March 16, 2022, in the fiscal year that started on April 1, 2021, stood at Rs 13.63 lakh crore compared to Rs 9.18 lakh crore in the same period a year back, an official statement said. The net collections in direct taxes, which is made up of income tax on individual income, corporation tax on profits of companies, property tax, inheritance tax and gift tax, in the current fiscal is 35 per cent higher than the collection of Rs 9.56 lakh crore in the pre-pandemic year of 2019-20 (April 2019 to March 2020).
The development comes a day after the Supreme Court refused interim protection to the 71-year-old NCP politician from any coercive action by the federal agency.
Former Maharashtra home minister Anil Deshmukh approached the Bombay high court on Thursday, seeking to quash the summons issued to him by the Enforcement Directorate (ED) in connection with a money laundering case registered against him.
Homegrown auto major Mahindra & Mahindra on Tuesday said it plans to launch 16 electric vehicles (EVs) by 2027 across SUV and light commercial vehicle categories to strengthen its leadership position in India's electric mobility segment. The company, which has set a cumulative revenue growth target of 15-20 per cent by 2025, is keeping its options open to either bring in private equity investors or carve out its EV business into a separate entity to drive its growth. M&M, which has already announced plans to invest Rs 3,000 crore in EVs, is also considering a new brand name for the electric SUVs that it will launch by 2027.
Road construction witnessed a near 60 per cent year-on-year jump in the first two months of financial year 2021-22 (FY22), despite restrictions being imposed in the wake of the second wave of Covid-19. Around 1,470 km of roads were constructed during the first two months of the current fiscal, as against 847 km in the corresponding period last year, according to official figures. However, these are provisional numbers as the state public works departments of Maharashtra and Goa are yet to provide data.
The 24-metre-high air purifier recorded a PM2.5 concentration of 642 micrograms per cubic metre at the inlet and 453 micrograms per cubic metre at the outlet.
The agency also alleged that Deshmukh exercised undue influence to pass favourable transfers and postings of the police officials.
On media reports quoting some Maharashtra government officials that vaccines in the state are "finished" and adversely impacting the vaccination drive, the ministry said a balance of 7,49,960 vaccine doses is still available with the state for administration to eligible population groups.
From small restaurants to mighty software companies, it is businesses, not the government, that create jobs. Yet, in a cruel irony, they have to fight extortive and brutal State power every step of the way, says Debashis Basu.
Sunak announced that the Immigration Health Surcharge (IHS) would be hiked from 400 pounds to 624 pounds.
The total number of samples tested up to August 19 is 3,26,61,252 including 9,18,470 samples tested on Wednesday, said the Indian Council of Medical Research on Thursday.
Kotak Bank was top loser among Sensex stocks, dropping by 3.28 per cent. HDFC Bank declined by 1.86 per cent, HDFC by 1.28 per cent and ICICI Bank by 0.99 per cent. SBI fell 0.5 per cent while Bajaj Finance by 0.72 per cent. Larsen & Toubro dropped 0.16 per cent.
Officials said this is the third notice issued to the NCP leader for deposing before the investigating officer of the case. Deshmukh has been asked to record his statement at the central agency's office in south Mumbai on Monday.
Akash Ambani's first big job as he takes over as chairman of Reliance Jio, the group's telecom arm, is a no-brainer - he has to get his company through the long-awaited 5G auctions that are a few weeks away. But his bigger job, analysts said, will be to lead the transformation of the telecom company into a tech giant, a process that is underway as it seeks to list in the US. Insiders said there has been plenty of debate within the company's top executives on the auction strategy.
The World Health Organisation said in its latest update that the XE recombinant (BA.1-BA.2) was first detected in the UK on January 19 and more than 600 sequences have been reported and confirmed since then.
