Hinduja Group's business process management entity, Hinduja Global Solutions Limited (HGS) said on Wednesday that it has entered into definitive agreements to divest its Healthcare Services business to funds affiliated with Baring Private Equity Asia (BPEA), at an enterprise value of $1.2 bilion. The deal is subject to closing adjustments, and is expected to complete within 90 days, subject to shareholder and other regulatory approvals. "The cash that will come in as a result of this transaction will be deployed to growing the business as well as looking at buying some capabilities...where capabilities are important for being able to do a good job of customer experience transformation.
Credit card spends jumped 57 per cent year-on-year (YoY) in September, aided by the festive season. According to the latest Reserve Bank of India (RBI) data, in September, credit card spends totalled Rs 80,477.18 crore compared to Rs 77,981 crore in August, thereby registering a 3.2 per cent growth sequentially, despite the high base. In the corresponding period last year, credit card spend was to the tune of Rs 51,356.68 crore.
Maharashtra, Tamil Nadu, Karnataka, Delhi, Telangana, UP and Andhra Pradesh contribute to around 75 per cent of the new cases, according to the Union health ministry data.
Releasing a report titled 'Profiting from Pain' in Davos, the rights group further said as the cost of essential goods rises faster than it has in decades, billionaires in the food and energy sectors are increasing their fortunes by $1 billion every two days.
Describing the virus as "dhoort" and "bahurupia" in Hindi, Modi in an interaction with district magistrates and field officials also underlined concerns expressed in various quarters about the threats it poses to the youth and children.
'All I want to do is this. I just want to find 11,780 votes, which is one more than we have. Because we won the state'
Japan on Friday extended a state of emergency in Tokyo and other areas by about three weeks to June 20 as the COVID-19 pandemic shows no signs of easing less than two months before the Summer Olympics open.
About 98.5 per cent of all spam calls in India originate from domestic numbers. However, spam calls received by users in India have decreased by 34%.
Millions of people across the country stayed indoors on March 22, 2020 in an unprecedented and overwhelming response to Prime Minister Narendra Modi's appeal for the nationwide curfew. People used to come out briefly at 5 pm to show their gratitude to healthcare and other essential service providers with sounds of bells, conches and claps.
If the central banks act harshly now, the markets will crash and then rally. If they are hesitant, the pain will be prolonged, predicts Debashis Basu.
Former Australia batsman Michael Hussey said it would be difficult to play T20 World Cup in India this year because of the rampaging second wave of COVID-19 which forced the postponement of the Indian Premier League earlier this month.
It was women who unambiguously bore the brunt of the lockdown joblessness, says Kanika Datta.
Several states and union territories, including Maharashtra, Punjab and Delhi, have announced closure of schools or suspended classes briefly till the COVID-19 situation is further reviewed in the wake of rising cases across the country.
The R-value, which reflects how rapidly coronavirus pandemic is spreading, has sharply risen close to 1.2 over the last fortnight, mainly driven by cases in states like Kerala and Maharashtra, say researchers.
Three big cities in the country -- Delhi, Mumbai and Bengaluru -- witnessed huge spike in daily COVID-19 cases on Wednesday even as Delhi health minister Satyendar Jain claimed hospital admissions have stabilised indicating the current coronavirus wave peaked and cases may start declining soon.
Back to Sheena Bora's grave, via e-time travel
The eight areas that recorded 'severe' air quality Saturday are Anand Vihar, Dwarka Sector 8, Narela, Punjabi Bagh, Bawana, Mundaka, Vivek Vihar and Rohini.
Chinese tech unicorn ByteDance co-founder billionaire Zhang Yiming on Thursday announced that he will step down as CEO, in a surprise move that signalled a major leadership shake-up at the nine year-old technology firm which created popular global short-video app TikTok. Zhang, 38, who is one of China's wealthiest entrepreneurs, said he is ready to step down after nearly a decade of running the world's largest unicorn, becoming the latest among the country's technology founders to quit in their prime. Zhang will step down from his role as CEO of the Beijing-based ByteDance, giving up his day-to-day responsibilities to "be more impactful on longer-term initiatives," the Hong Kong-based South China Morning Post quoted the company announcement on Thursday.
The scientists predict that in the current wave, the first state to peak could be Punjab in a few days, followed by Maharashtra.
The official also said the government's official app helped generate information about 697 potential hotspots in the country.
According to government data, the Centre procured only 35,179 ventilators out of the 50,000 originally ordered.
The government's endeavour, she said, is to protect women in this country in collaboration with state governments.
The situation inside the "bubble" stood in sharp contrast to outside, with a surge in infections fuelled by the Delta variant hitting daily records and for the first time crossing 5,000 in the host city, threatening to overwhelm Tokyo's hospitals.
Amid fresh COVID-19 concerns, Karnataka government on Sunday decided to impose 'night curfew' for 10 days from December 28, between 10 PM and 5 am.
The PIA plane PK-661 with 48 people, including famous pop singer-turned-Islamic preacher Junaid Jamshed, his wife and Deputy Commissioner Chitral Osama Warraich, on board crashed on Wednesday in Saddha Batolni village near Havelian while en route to Islamabad from Chitral in Khyber-Pakhtunkhwa province.
During the short hearing, Justice Prathibha M Singh took strong objection to an email sent by WhatsApp to the court. "I was in any case not going to hear it," the court clarified and sent the matter to another bench recording that the email sent by WhatsApp should be withdrawn unconditionally.
Sameer Buddha was just the kind of witness Indrani's lawyer Sudeep Pasbola dislikes. Someone, who had temporarily dumped his memory before entering the court. He answered most questions, one after another, one after another, one after another, with a monotonous, deadpan: 'I don't remember.' 'I don't remember.' 'I don't remember.'
While the market may remain volatile this year, analysts expect equities to deliver positive returns by outperforming inflation and government bonds, supported by the fiscal stimulus in the US.
There should have been a focus on sanitation and not on littering or garbage. Absence of sanitation affects the health of children, explains Aakar Patel.
The Directorate General of Civil Aviation (DGCA) has released a draft procedure that calls for testing pilots, other aviation personnel and crew members for psychoactive substances before they take to the skies. The Indian civil aviation regulator has sought comments from stakeholders over the next 30 days before issuing a regulation to this effect. Asking airlines and airports to do random checks on crew and air traffic controllers, DGCA proposed that violators be suspended for a minimum of three years or their licence be permanently cancelled as maximum punishment.
The Supreme Court has asked the Centre to place on record all relevant documents and file notings reflecting its thinking culminating in the COVID-19 vaccination policy, and the purchase history till date of all jabs including Covaxin, Covishield and Sputnik V.
The Union health ministry said 11 states have over one lakh active COVID-19 cases, 17 have less than 50,000 cases while eight have active cases between 50,000 and one lakh.
Fourteen years in the making and a incessant reminder of the horrors of the past, Flight 93 National Memorial, which opened on Thursday, is an interactive centre that employs photographs, video recordings, artefacts and graphic displays to tell the story of the doomed United Airlines Flight 93, the only jetliner among the four commandeered by terrorists that failed to reach its intended target on September 11, 2001.
Sebi had, in February, dropped allegations of fraudulent and unfair trade practices against NSE's former heads Ravi Narain and Chitra Ramakrishna in the co-lo case.
Equity fund managers' other favourites are software stocks followed by pharma, finance and consumer non-durables
The official said in general, there are various types of fungal infections such as candida, aspergillosis, cryptococcus, histoplasmosis and coccidioidomycosis. Mucormycosis, candida and aspergillosis are the ones observed more in those with low immunity, he said.
A tough initial lockdown was imposed beginning March 25 but dreams of a V-shaped recovery after it was eased in May have been obliterated by a surge in cases and new lockdowns.
Record liquidity infusion by the central bank in the banking system during the financial year 2020-21 amid sluggish economic activity resulted in banks investing more in safe government papers than in extending loans, data from Reserve Bank of India (RBI) showed. This trend has not been seen in nearly two decades, barring 2016 - the year of demonetisation.
Advertising on television continued to show momentum in May despite the surge in Covid-19 infections and the temporary suspension of the Indian Premier League (IPL), a high-impact television property. The data shared by the Broadcast Audience Research Council of India (BARC) on Thursday shows that advertising volumes in May were up 64 per cent year-on-year. However, there was a marginal dip sequentially, that is, in comparison to April 2021, when advertising had touched a record high owing to the start of the summer season and the return of the IPL to India after being held in the United Arab Emirates in 2020.
Prime Minister Oli secured 93 votes in the lower house of parliament during a special session convened on the directives of President Bidya Devi Bhandari.
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