Tag «India»

To increase efficiency, SBI and its subsidiaries rearrange top management

State Bank of India (SBI)

The State Bank of India (SBI) has reshuffled its senior management and subsidiaries to improve efficiency, according to a media report published on Thursday. The portfolios of all four MDs have been reshuffled, according to the Indian Express story. SBI’s fourth MD, Alok Kumar Choudhary, DMD (Finance), was inducted. According to the article, he is …

To assist countries, the WTO should permit food exports from public stock

World Trade Organization (WTO)

India urged the World Trade Organization (WTO) on Monday to allow exports of food grains from public reserves for international food aid and humanitarian purposes, particularly on a government-to-government basis, because the UN’s World Food Programme was unable to meet demand. Commerce and Industry Minister Piyush Goyal stated during an agro intervention at a WTO …

Sugar stocks continue to decline, falling up to 9% as the government bans exports

Sugar company shares

Sugar company shares were under pressure for the second day in a row, tumbling up to 9% on the BSE in Wednesday’s trade after the government announced export limits on sugar on Tuesday. Sugar exports will be regulated by the government, with a limit of 10 MT for the current sugar season. Sugar mills have …

Assam flood death toll rises to 24; situation improves marginally

floods in Assam

Six more people perished in floods in Assam on Sunday, bringing the total death toll to 24, officials said, even as the water situation improved marginally. In 22 of the state’s 34 districts, about 7.19 lakh people have been affected. According to officials of the Assam State Disaster Management Authority (ASDMA), further deaths have been …

The Delhi government has requested a report on demolitions from BJP-run civic bodies

Delhi government

The Delhi government has requested a thorough report on the BJP-run civic authorities’ demolition drives that have been taking place around the city since April 1, according to official sources. This comes days after the three civic bodies undertook a series of anti-encroachment activities in various sections of the city, including Shaheen Bagh, Jahangirpuri Madanpur …

PM Modi meets with Sher Bahadur Deuba, his Nepalese counterpart, in Lumbini

India and Nepal

Prime Minister Narendra Modi met with his Nepalese counterpart Sher Bahadur Deuba on Monday in Lumbini, the birthplace of Gautam Buddha, to discuss ways to deepen current cooperation and expand new areas in the comprehensive bilateral partnership. Modi visited Deuba after giving prayers at the historic Maya Devi shrine in the Himalayan nation at Deuba’s …

India is trying to expand its edible oil sector, according to Finance Minister Nirmala Sitharaman

Finance Minister Nirmala Sitharaman

Following the war between Ukraine and Russia, India is looking to reach new markets for the import of edible oils, according to Union Finance Minister Nirmala Sitharaman. According to her, the country’s ability to acquire edible oils has been hampered by the fighting. “Everyone is aware of the ongoing conflict between Russia and Ukraine. Importing …

Despite India’s energy problem, power equities are gaining traction

India's power consumption

In April, India’s power consumption reached an all-time high of 132.98 billion units, owing to the country’s rising mercury levels. The country’s electricity demand is likely to grow to 220 gigawatts in the next two months, according to India’s power ministry, as the meteorological department predicts above-normal maximum temperatures in the west-central, north-west, north, and …

In 24 hours, India has recorded 3,545 new Covid cases and 27 deaths

new Covid cases

According to Union Health Ministry data updated on Friday, India recorded 3,545 new Covid infections in a single day, bringing the total number of cases reported to 4,30,94,938, while the number of active cases decreased to 19,688. The death toll has risen to 5,24,002 with 27 more fatalities, according to figures updated at 8 a.m. …