Adani, Adani Group

Embattled Adani Group on Monday said it has repaid loans aggregating USD 2.65 billion to complete a prepayment programme to cut overall leverage in an attempt to win back investor trust post a damning report of a US short seller.
In a Credit Note released on Monday, Adani Group said it has made a full prepayment of USD 2.15 billion of loans that were taken by pledging shares in the conglomerate's listed firms and also another USD 700 million in loans taken for the acquisition of Ambuja Cement.
"The prepayment was done along with interest payment of USD 203 million," it added.
Further, the credit update states that the promoters completed the sale of shares in four listed group entities to GQG Partners, a leading global investment firm, for USD 1.87 billion (Rs 15,446 crore).
"The deleveraging programme testifies to the strong liquidity management and capital access at sponsor level even in volatile market conditions, supplementing the solid capital prudence adopted at all portfolio

Embattled Adani Group on Monday said it has repaid loans aggregating USD 2.65 billion to complete a prepayment programme to cut overall leverage in an attempt to win back investor trust post a damning report of a US short seller.

Adani Group repays loans worth $2.65 bn to complete prepayment programme

Press Trust of India

Bharat Petroleum Pioneers Ethanol Blended Diesel and Flex Fuel Program, Revolutionizing Sustainable Transportation

Agra (Uttar Pradesh) [India], June 5: Bharat Petroleum Corporation Ltd., a leading provider in the energy sector, and Ashok Leyland have initiated a pilot program to test the effectiveness of ED7 (Diesel blended with 7 per cent Ethanol) fuel. This program aims to transform India's bio-fuel economy and achieve a stable energy mix.

ANI Press Release

Rohan Khaunte, Goa tourism minister

To discourage their activities, the Goa Police have decided to create a 'database' of the arrested touts to take further action against them

Touts spoil tourist areas, action must be taken against them: Goa minister

IANS

Sunak, Rishi Sunak

British Prime Minister Rishi Sunak on Monday claimed that his plan to "stop the boats" of illegal migrants coming to UK shores is working as he announced plans to house them on ships to reduce pressure on taxpayer-funded hotels.
Addressing a press conference at the border town of Dover in Kent, Sunak said the first such ship will be ready later this month and two others to accommodate a further 1,000 migrants soon after.
He pointed out that important legislation, referred to as the Illegal Migration Bill or Stop the Boats Bill, has cleared the House of Commons and will give his government the right to detain and deport migrants who enter the country illegally.
"I promised we would get illegal migrants out of hotels  and into alternative sites, including military facilities," said Sunak.
"To reduce pressures on local communities, we'll also house people on ships. The first will arrive in Portland in the next fortnight. And we've secured another two today that will accommodate anothe

British Prime Minister Rishi Sunak on Monday claimed that his plan to "stop the boats" of illegal migrants coming to UK shores is working as he announced plans to house them on ships to reduce pressure on taxpayer-funded hotels.

British PM Rishi Sunak confirms plans to house illegal migrants on ships

Niti Aayog member (Health) Dr VK Paul on Monday said India is committed to minimising the digital health divide by promoting digital solutions and innovation to aid universal health coverage.
Addressing an event related to 3rd Health Working Group of G20 India here, Dr Paul said India's digital goods are for the world, and that the country's digital infrastructure and capabilities are enablers of global economic growth and human development.
He gave the keynote address for the event titled 'Digital Health Innovations and Solutions to Aid Universal Health Coverage and Improve Healthcare Service Delivery' during the second day of the G20 meet in the city.
"India as the voice of Global South is committed to minimising the digital health divide by promoting digital solutions and innovation to aid universal health coverage," Dr Paul said.
Quoting a previous statement by Prime Minister Narendra Modi on Digital India, Dr Paul said, "I dream of a digital India with quality healthcare is ..

Niti Aayog member (Health) Dr VK Paul on Monday said India is committed to minimising the digital health divide by promoting digital solutions and innovation to aid universal health coverage.

India committed to minimising digital health divide: VK Paul at G20 meet

FICCI\'s India Flexible Workspace Summit 2023 delivers resounding success with Stylework as Principal Partner

New Delhi [India], June 5: On May 18, 2023, FICCI, one of India's leading business associations organized the most awaited 'India Flexible Workspace Summit 2023'. The spectacular summit was held at Mumbai's Trident, Nariman Point with CBRE, a global real estate services company, as the Knowledge Partner and Stylework, a leading coworking space aggregator platform, as the Principal Partner. Other than that, MyBranch was the gold sponsor of the summit and Cowrks, DevX, and Attic Spaces were the silver sponsors. The summit was graced by distinguished guests including Sparsh Khandelwal, Founder, CEO  &amp;  Managing Director of Stylework Innovation Hub, Ram Chandnani, Managing Director, of Advisory  &amp;  Transactions Services, CBRE India, Sulajja Firodia Motwani, Chair of FICCI Maharashtra State Council, Saurabh Gupta, Head - Real Estate, India  &amp;  UAE, YES Bank, Deepak Mukhi, Director of FICCI. 

New Delhi [India], June 5: On May 18, 2023, FICCI, one of India's leading business associations organized the most awaited 'India Flexible Workspace Summit 2023'. The spectacular summit was held at Mumbai's Trident, Nariman Point with CBRE, a global real estate services company, as the Knowledge Partner and Stylework, a leading coworking space aggregator platform, as the Principal Partner. Other than that, MyBranch was the gold sponsor of the summit and Cowrks, DevX, and Attic Spaces were the silver sponsors. The summit was graced by distinguished guests including Sparsh Khandelwal, Founder, CEO  &  Managing Director of Stylework Innovation Hub, Ram Chandnani, Managing Director, of Advisory  &  Transactions Services, CBRE India, Sulajja Firodia Motwani, Chair of FICCI Maharashtra State Council, Saurabh Gupta, Head - Real Estate, India  &  UAE, YES Bank, Deepak Mukhi, Director of FICCI. 

FICCI's India Flexible Workspace Summit 2023 delivers resounding success with Stylework as Principal Partner

Springer Nature\'s New state-of-the-art, Sustainable Office Inaugurated in Pune

New Delhi [India], June 5: Springer Nature, a Germany-headquartered global research publisher, inaugurated its largest office in India on Thursday, 1 June 2023. The office comprises 2 floors of the 7 lakh sq. ft. commercial building at Gera Commerzone, Kharadi in Pune. The inauguration ceremony was jointly presided over by Springer Nature Group's COO Marc Spenle and Matthias Wissel, CEO of Springer Nature Technology and Publishing Solutions in Pune. The event was conducted in the presence of 1400+ employees of the company's Pune office.

Springer Nature's New state-of-the-art, Sustainable Office Inaugurated in Pune

Anmol India Ltd Board Approves Issue of Bonus Shares in ratio of 4:1

Ludhiana (Punjab) [India], June 5: Anmol India Ltd. (BSE: 542437, NSE: ANMOL), one of the leading players in Supply chain management industry, Commodity Trading, and Coal Import, has approved issue of bonus shares in the ratio of 4:1, i.e. 4 Equity Shares for every 1 Equity Share held by the shareholders of the Company as on the record date, subject to the approval of shareholders. 

Grant Thornton Bharat Joins Oracle NetSuite Solution Provider Program

New Delhi [India], June 5: Grant Thornton Bharat, a leading professional services firm, announced that it is joining the Oracle NetSuite Solution Provider Program. With NetSuite, the firm can help its clients use a powerful cloud ERP system to gain the visibility and control needed to adapt and thrive.

Art of Healing Cancer Expands to Mumbai in Partnership with Jay Ambe Hospital, Integrating Precision and Integrative Oncology

Mumbai (Maharashtra) [India], June 5: Art of Healing Cancer (AOHC), a trailblazer in precision and integrative oncology, announces its momentous expansion to Mumbai, India's thriving metropolis. The expansion fostered through a strategic partnership with Jay Ambe Hospital in Dahisar (E), Mumbai, is a crucial step in broadening AOHC's reach and fortifying its mission to deliver comprehensive, personalized cancer care.

Railways said that indigenously-developed automatic train protection system "Kavach," which was not installed on the route where the accident in Odisha's Balasore occurred, could not have prevented it

Why Kavach could not have prevented Odisha train accident: Indian Railways explains

Zimbabwe is now considered the most miserable country according to Steve Hanke's Annual Misery Index. But where does India stand? Watch this video to know

Take a look at the world's 'most miserable' countries

Sebi has come out with a consultation paper on the expense ratios of mutual funds. As the industry grows, Sebi wants fund houses to share economies of scale with customers. >

'Sebi is keen that AMCs share the benefits of larger AUM with customers'

Sebi has come out with a consultation paper on the expense ratios of mutual funds. As the industry grows, Sebi wants fund houses to share economies of scale with customers.

From PAN-Aadhaar linking to Higher EPS pension deadlines, the month of June will see a number of changes that would affect the common man. 

Let's take you through some of the changes >

9 Game-Changing June Updates That Will Shake Your Wallet

From PAN-Aadhaar linking to Higher EPS pension deadlines, the month of June will see a number of changes that would affect the common man. 

Let's take you through some of the changes

Apple's new stores in Delhi & Mumbai have grossed monthly sales of more than Rs 22-25 crore each. Industry experts have said that the figure is around twice the sale of an electronics store in India

Record-breaking sales: Apple's India stores reach Rs 25 cr monthly revenue mark

When you buy any item, you may pay for it using an appropriate currency note. But have you ever wondered what the cost of printing that currency note is? Watch the video to find out

Explained: How much does it cost to print rupees?

On 21st May, 2023, Bhanu Rekha, a young employee at Infosys, lost her life in a distressing incident caused by heavy rainfall. India's bustling tech capital, where infra deficiencies are rampant

Explained: How infra stress, bad roads are killing Brand Bengaluru

Maruti Suzuki (MS) is all set to bring its much-awaited, five-door off-roader Jimny into the market on June 7. Here's all you need to know about the new Gypsy.

Maruti Suzuki Jimny 2023 | All you need to know about the new Gypsy

In a recent run-off election, Recep Tayyip Erdogan emerged victorious securing another five-year term as the president of Turkey. 
Watch the video to know more about his challenges.

Turkey election 2023: Erdogan wins another term as president but challenges remain

Employees Provident Fund or EPF is a mandatory savings and retirement scheme for employees of an eligible organisation, which can be used as a corpus post-retirement.

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