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GMR completes stake sale in airport biz to Groupe ADP, gets Rs 4,565 cr

GMR completes stake sale in airport biz to Groupe ADP, gets Rs 4,565 cr

France's Groupe ADP has infused Rs 4,565 crore, which is the second tranche of investment, in GMR Airports Limited (GAL) to conclude its deal to purchase a total of 49 per cent shareholding in the company, said an official statement.

The GAL manages airports at Delhi and Hyderabad. On February 21, the company had announced that Groupe ADP would acquire 49 per cent stake in it for 10,780 crore.

There is no change in our product launch schedule or capex plan: Kia Motors

There is no change in our product launch schedule or capex plan: Kia Motors

There is no change in Kia Motor's product launch schedule or the capital expenditure plan, said the company, at at time when many auto majors have deferred investments and launches due to coronavirus pandemic.

The company says that it will launch its third product for India during the festival season. The new compact SUV 'Sonet' will strengthen the company's offerings in the utility vehicle segment, the only focus area for Kia for now in India.

Kanpur raid case: Close aide to UP gangster Vikas Dubey killed in encounter with police

Kanpur raid case: Close aide to UP gangster Vikas Dubey killed in encounter with police

Amar Dubey, the close aide of history-sheeter Vikas Dubey, has been killed in an encounter with Uttar Pradesh Special Task Force (STF) in Hamirpur on Wednesday.

Sources have stated that UP STF killed Amar in coordination with the local police unit in Hamirpur.

US to officially withdraw from WHO from July 6, 2021

US to officially withdraw from WHO from July 6, 2021

United States President Donald Trump has issued a notification to the Congress and the United Nations informing that the US is formally lwithdrawing the World Health Organization (WHO) from July 6, 2021.

This comes after tensions with China over the handling of the coronavirus pandemic. The US is leaving the Geneva-based body after more than 70 years of membership.

Maharashtra govt to recruit 10,000 police personnel, process to be completed within a year

Maharashtra govt to recruit 10,000 police personnel, process to be completed within a year

In a move that is likely to benefit the youth of Maharashtra, the state government has decided to recruit 10,000 policemen to ease the stress on the police force.

Besides, Maharashtra will also build an all-women Batallion of 1400 personnel in Nagpur's Katoltaluka, state Home Minister Anil Deshmukh said.

Coronavirus Outbreak: India's COVID-19 case tally crosses 7 lakh-mark; death toll tops 20,100

Coronavirus Outbreak: India's COVID-19 case tally crosses 7 lakh-mark; death toll tops 20,100

As the coronavirus cases in India continue to spread rapidly, India is now just behind the United States and Brazil in terms of the total confirmed cases as it already overtook Russia to take the third spot in the list of worst-hit nations in the world affected by the coronavirus disease (COVID-19). It is, therefore, also the biggest epicenter of the coronavirus disease pandemic in Asia.

With over 22,000 new cases reported in the last 24 hours, India's COVID-19 count on Tuesday crossed the 7 lakh-mark, while the death toll has crossed the 20,000-mark as well.

IT shares gain ahead of Q1 earnings; TCS hits all-time high, Infosys up 4%

IT shares gain ahead of Q1 earnings; TCS hits all-time high, Infosys up 4%

Shares of information technology (IT) companies were in focus on Tuesday with the Nifty IT index gaining more than 1 per cent ahead of the announcement of their June quarter (Q1FY20) results. Tata Consultancy Services will kickoff the earnings season by announcing its numbers on Thursday, July 9.

Shares of TCS hit an all-time high of Rs 2,303, up 1.8 per cent on the National Stock Exchange (NSE) in Tuesday's trade. The stock surpassed its previous high of Rs 2,296, touched on September 3, 2019.

Panel recommends shifting LG Polymers plant hit by gas leak in Tamil Nadu

Panel recommends shifting LG Polymers plant hit by gas leak in Tamil Nadu

An investigation into a deadly gas leak at a South Korean-owned chemical plant in Tamil Nadu that killed 12 people in May recommended the factory be moved away from inhabited areas, according to its full report released on Tuesday.

The probe at the plant run by LG Polymers, owned by South Korea's LG Chem Ltd, found the company was negligent and warning systems were not working, the state government said on Monday.

Apollo Tyres decides to reduce capex by Rs 400 crore over coronavirus

Apollo Tyres decides to reduce capex by Rs 400 crore over coronavirus

Apollo Tyres on Tuesday decided to cut capital expenditure by around Rs 400 crore for the year in India due to the pandemic. The company had initially planned around Rs 1,400-1,500 crore in India and about 20 million pounds for its European facility.

During an investors call, the company's CFO Gaurav Kumar said that the plan was to invest around Rs 1400-1500 crore for the current year, but it would be about somewhere between Rs 1,000-1,100 crore.

TikTok to exit Hong Kong market within days over new national security law

TikTok to exit Hong Kong market within days over new national security law

TikTok will exit the Hong Kong market within days, a spokesman told Reuters late on Monday, as other technology companies including Facebook Inc have suspended processing government requests for user data in the region.

The short form video app owned by China-based ByteDance has made the decision to exit the region following China's establishment of a sweeping new national security law for the semi-autonomous city.

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