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How IDBI Bank let itself be duped by Siva firms

NEW DELHI: C Sivasankaran’s Siva Group of Companies, in connivance with IDBI Bank’s former CMD M S Raghavan, its former MD-CEO Kishor Kharat, then deputy MD Melwyn Rego and others availed two loans for the group’s offshore companies even though performance of one of the borrower companies showed “stress” and was eventually granted voluntary bankruptcy […]

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Australia’s Perth at risk of second snap-lockdown with three new Covid-19 infections

SYDNEY: Australia’s fourth-largest city faces prospects of its second snap lockdown in two weeks, officials said on Sunday, after a hotel quarantine security guard in Perth and two of his housemates tested positive for Covid-19. Western Australia (WA) Premier Mark McGowan said late on Saturday he had yet to decide whether the state’s capital city,

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Pronal breathing for coronavirus: How does it boost oxygen levels? Who should do it?

Oxygen deprivation often leaves COVID positive patients gasping for breath and suffering from difficulties. With resources running scarce and patients facing problems searching for oxygen support machines, many are being recommended home remedies and therapies to manage the condition at home. Amongst them is ‘proning position’. Proning position is now being actively recommended to COVID+

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Volkswagen Autonomous Vehicles: Volkswagen to design chips for autonomous vehicles says CEO |

HAMBURG: Volkswagen plans to design and develop its own high-powered chips for autonomous vehicles, along with the required software, Chief Executive Herbert Diess told a German newspaper. “To achieve optimal performance in light of the high demands that exist for cars, software and hardware have to come out of one hand,” Diess told Handelsblatt. Volkswagen

Volkswagen Autonomous Vehicles: Volkswagen to design chips for autonomous vehicles says CEO | Read More »

Shriram Housing Finance to provide free vaccination to customers Real Estate News

(Representative image) In an industry first, mortgage lender Shriram Housing Finance has decided to provide free vaccination to its 20,000 affordable housing customers. The company would roughly spend Rs 1000 per loan as vaccination cost and would cover two members in a family. It estimates to spend nearly Rs 2 crore to provide free vaccination

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Antigua and Barbuda government promises to help India extradite Mehul Choksi

Additional Secretary, External Affairs Ministry, Manpreet Vora met Antigua and Barbuda External Affairs Minister E Paul Chet Greene late Friday night The Caribbean island government confirmed the continued presence of Mehul Choksi on their soil and promised India all possible help in his extradition. This could be the beginning of the end of fugitive businessman

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‘Getting aggressive calls…’: Adar Poonawalla on Covid vaccine pressure in India

PUBLISHED ON MAY 01, 2021 08:49 PM IST About The Video Serum Institute of India CEO Adar Poonawalla on Saturday spoke out about the pressures he was under over the production of COVID-19 vaccines to meet the ever-increasing demand in India as the country battles through a devastating second wave of the coronavirus pandemic. In

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Realty Income to buy commercial property landlord VEREIT for about $11 billion Real Estate News

BENGALURU: Realty Income Corp said on Thursday it would buy commercial property landlord VEREIT Inc for about $11 billion and spin off office properties of both companies into a publicly traded REIT. VEREIT shareholders will receive 0.705 shares of Realty Income stock and will own 30% of the combined company, while Realty shareholders will own

Realty Income to buy commercial property landlord VEREIT for about $11 billion Real Estate News Read More »

ICRA Real Estate News

NEW DELHI: The retail real estate sector, which had recently begun showing some signs of recovery after being hit hard by the first wave of the Covid-19 pandemic, is once again facing considerable challenges on the back of the rapidly spreading second wave, with rising Covid cases leading to increased restrictions and economic uncertainties. After

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