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Новости за 02.05.2024



High-powered committee to implement breaks for food, nature's call for train drivers

Economictimes.indiatimes.com 

The Ministry of Labour has constituted a high-powered committee to work out the modalities "to provide defined time intervals for food and attending calls of the nature while on duty for the Loco Running Staff of the Indian Railway". The initiative is in line with the International Labour Organisation's (ILO) Hours of Work (Industry) Convention, 1919, which has been ratified by India.

Brick by brick, Pirojsha changed the realty game at Godrej

Economictimes.indiatimes.com 

Pirojsha Godrej's strategic leadership at Godrej Properties during the global financial crisis led to innovative approaches like joint developments and a capital-lite model. His focus on efficiency and immediate project launches propels the company's growth.

India seeks more presence at decision-making level of ILO

Economictimes.indiatimes.com 

India pushes for enhanced representation at ILO by revising criteria to include demographic dividend, global demand-supply gap, and population/labor workforce. This aims for equitable decision-making and strategic alignment with labor-related issues.

Share of Russian crude in India's imports rises to nearly 40% in April

Economictimes.indiatimes.com 

In April, Russia's share in Indian crude oil imports rose to nearly 40%, up from 30% in March, driven by higher global oil prices. Indian refiners imported 1.78 million barrels per day (mb/d) of crude oil from Russia, surpassing imports from China and Europe. Russia supplied more oil to India than its next three top suppliers combined. Overall, Indian crude imports dropped 8% in April, with declines from Iraq, Saudi Arabia, the UAE, and the US.

Rising heatwave could set AC costs of telecom towers soaring

Economictimes.indiatimes.com 

Rising temperatures in India are expected to increase air-conditioning costs at telecom tower installations, potentially impacting the operational expenses of telecom operators. If heatwave conditions persist, telcos could face a 3-5% rise in power and fuel costs for air-conditioning mobile base stations, crucial for uninterrupted mobile connectivity. Power and fuel costs already make up a significant portion of telcos' network operating expenses.

PSBs plan to set up 'green cells' for climate funding

Economictimes.indiatimes.com 

State-run banks to introduce 'green cells' for ESG risk assessment and green fund management under EASE 7.0. RBI emphasizes 2.5% GDP green financing. SBI chairman pushes for incentives and CRR relaxation in regulatory policies.

Trump lawyer suggests hush money payment was extortion

Economictimes.indiatimes.com 

Trump's lawyer challenges hush money payment as extortion in his criminal trial, aiming to undermine prosecution witnesses' credibility, including Stormy Daniels and Michael Cohen, who arranged the payment.

Citroen bets on 'Basalt' to boost India play

Economictimes.indiatimes.com 

French carmaker Citroen aims to revive its fortunes in India with the Basalt, a mid-size coupe SUV set to launch in the second half of this year. The Basalt incorporates lessons learned from Citroen's experience in India, a market it considers challenging yet crucial. Citroen's existing models like C3, e-C3, and C3 Aircross faced lukewarm response due to feature gaps compared to rivals. The Basalt, produced in India and exported to South America, aims to address these gaps.

Quadria cap picks up minority stake in NephroPlus

Economictimes.indiatimes.com 

NephroPlus, India's largest dialysis chain, has secured $103 million (₹860 crore) in a Series F funding round led by Quadria Capital. This funding, a mix of fresh capital and a secondary sale, aims to drive expansion plans within India and targeted markets overseas. The primary component of the funding is ₹100 crore. Quadria Capital will become a minority shareholder, valuing NephroPlus at over ₹2,000 crore. Existing investors like Bessemer Venture Partners, International Finance Corporation, and IIFL also participated in the funding round... Читать дальше...





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