Day: May 13, 2020

US proposes Novelis to divest automotive body sheet biz in North America

7:34 pm May 13, 2020

Washington: The US Department of Justice is proposing a federal court to order Hindalco-owned American company Novelis to divest Aleris Corporation’s entire aluminium automotive body sheet operations in North America to satisfy competitive concerns. Novelis, which is a wholly-owned subsidiary of India’s Hindalco Industries, had acquired Aleris for USD 2.8 billion last month. As per […]

Jet Airways insolvency resolution professional seeks fresh EoI for defunct airline

7:26 pm May 13, 2020

Mumbai: Jet Airways insolvency resolution professional on Wednesday invited fresh expressions of interest (EoI) for the grounded airline. This is the fourth time that EoI has been invited for Jet Airways, which was shuttered last year. The last date for submission of bid documents is May 28 and the final list of prospective resolution applicants […]

HM’s remark against custodial torture, a welcome move

CAPFs canteens to sell only indigenous products from June 1: Amit Shah

7:21 pm May 13, 2020

New Delhi: Union Home Minister Amit Shah on Wednesday announced that all canteens of the Central Armed Police Forces (CAPFs) like the CRPF and the BSF will sell only indigenous products from June 1 to 50 lakh family members of about 10 lakh personnel In a series of tweets in Hindi, Shah said the decision […]

Man dies as pvt hospital in Kolkata denies admission suspecting him COVID-19 positive, alleges family

3:50 pm May 13, 2020

Kolkata: A 76-year-old man from Bihar who had multiple age-related ailments died due to alleged negligence of a private hospital in Kolkata that denied admission suspecting him to be positive for COVID-19, his family members said on Wednesday. Shahid Ahmad Yahya, a resident of Darbhanga, was brought to Kolkata on May 9 for admission to […]

Rupee settles 5 paise higher at 75.46 against US dollar

3:44 pm May 13, 2020

Mumbai: The rupee appreciated by 5 paise to 75.46 (provisional) against the US dollar on Wednesday as fiscal stimulus by the government bolstered investor sentiment. Forex traders said Prime Minister Narendra Modi’s Rs 20 lakh crore economic stimulus package enthused investors. However, risk sentiments are negative and investor sentiments remain fragile over coronavirus concerns, they […]