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Operation Ganga: 5th flight carrying Indians from Ukraine lands in Delhi

Operation Ganga: 5th flight carrying Indians from Ukraine lands in Delhi

A fifth flight carrying 249 Indian nationals who were stranded in Ukraine landed in New Delhi on Monday morning. The flight running as part of Operation Ganga had departed from Romania's Bucharest in the early hours today.

Government has helped us a lot. All possible support was provided by the Indian Embassy. The main problem is crossing the border. I hope all Indians are brought back. There are several more Indians still stranded in Ukraine, said a student who arrived in Delhi from Ukraine

India records over 8,000 fresh Covid-19 infections, 119 more fatalities

India records over 8,000 fresh Covid-19 infections, 119 more fatalities

The single-day rise in coronavirus infections fell below 10,000 after two months, with 8,013 cases taking India's total tally to 4,29,24,130, while active cases have declined to 1,02,601, according to Union health ministry data updated on Monday.

On December 28 last year, 9,195 people were infected in a day.

The death toll has climbed to 5,13,843 with 119 daily fatalities, the data updated at 8 am stated.

Rupee crashes 40 paise to 75.73 against US dollar in early trade

Rupee crashes 40 paise to 75.73 against US dollar in early trade

The rupee tumbled 40 paise to 75.33 in early trade on Monday, tracking surge in crude prices amid escalating tensions between Russia and Ukraine.

At the interbank forex market, the local currency opened sharply lower against the dollar. It was moving in a tight range of 75.78 and 75.70. In early deals, it was trading at 75.73, registering a fall of 40 paise over its previous close.

Testsigma raises $4.6 million in seed funding led by Accel, STRIVE

Testsigma raises $4.6 million in seed funding led by Accel, STRIVE

Test automation platform Testsigma has secured $4.6 million in seed funding led by Accel and STRIVE, with participation from BoldCap and a host of well known entrepreneurs and operators. These include Shanmugam Krishnasamy, co-founder and CTO of Freshworks; Kiran Darisi, co-founder and VP of engineering at Freshworks; Parsuram Vijayasankar, co-founder and principal engineer at Freshworks; Vetri Vellore, CEO of Ally.io; Nitesh Banta, CEO at B12; Ioann Fainsilber, Co-Founder at Pintek, and others.

Testsigma will use the capital to strengthen the core engineering and product team and to build alongside and for a global community of testers, test automation engineers, and developers.

Airtel shareholders approve Google investment, Rs 1.17 tn biz deals

Airtel shareholders approve Google investment, Rs 1.17 tn biz deals

Bharti Airtel shareholders have approved the issue of preferential shares to Google for its about Rs 7,500 crore investment in the company to buy 1.28 per cent stake.

A special resolution to approve Google's investment was approved by over 99 per cent of the shareholders, according to the voting result of an extraordinary general meeting (EGM) filed by Airtel on Sunday.

Mondelez International aims to push up India revenue to $2 billion by 2030

Mondelez International aims to push up India revenue to $2 billion by 2030

Mondelez International expects its India revenues to grow by 10-11 per cent per year. This could make the company report $2 billion revenue by 2030.

In 2021, the maker of Cadbury Dairy Milk reported a revenue of $1.2 billion in India.

In the previous calendar year, Mondelez International’s India business grew at 21 per cent due to the pandemic and is higher than its growth rate in the last three years.

Future Retail shuts Big Bazaar as Reliance Industries plans takeover

Future Retail shuts Big Bazaar as Reliance Industries plans takeover

Future Retail has shut most of its Big Bazaar stores since February 25 (Friday) and its website is also down as it missed lease payments to Reliance Industries (RIL).

RIL will open most of the 200 Future Retail stores as Reliance stores in the next week and it is in the process of taking stock, re-branding, and transferring 30,000 Future Retail and Future Lifestyle employees on to the rolls of its manpower and staffing firm Reliance SMSL, according to a source. The first tranche of stores are set to be opened as early as in the next two days.

Biocon Biologics acquires Viatris' biosimilars business in $3.3 bn deal

Biocon Biologics acquires Viatris' biosimilars business in $3.3 bn deal

Biocon Biologics, a subsidiary of Biocon, announced on Monday that it will acquire Viatris’ biosimilars business in a $3.3 billion cash and stock deal.

Viatris will receive cash consideration of $2 billion on closing of the transaction and up to $335 million as additional payments expected to be paid in 2024. Additionally, upon closing of the transaction, BBL will issue $1 billion of compulsorily convertible preference shares (CCPS) to Viatris, equivalent to an equity stake of at least 12.9 per cent in the company, on a fully diluted basis.

Aluminium business of Vedanta to bring two mines into operation

Aluminium business of Vedanta to bring two mines into operation

Vedanta's aluminium business, which has not been impacted majorly by COVID-19, would focus on backward integration in the next fiscal and would bring into production two of its mines in Odisha to provide raw material security for its plants, a top official of the company said.

The CEO of Vedanta's aluminium business Rahul Sharma in an interview with PTI said that in the coming financial year, the company's "focus would be on backward integration.

Global Covid caseload rises to 432.8 million, fatalities reach 5.93 million

Global Covid caseload rises to 432.8 million, fatalities reach 5.93 million

The global coronavirus caseload has topped 432.8 million, while the deaths have surged to more than 5.93 million and vaccinations to over 10.46 billion, according to Johns Hopkins University.

In its latest update on Saturday morning, the University's Center for Systems Science and Engineering (CSSE) revealed that the current global caseload and the death toll stood at 432,816,460 and 5,936,924, respectively, while the total number of vaccine doses administered has increased to 10,461,731,731.

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