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Dust storm kills 7 in UP, Yogi Adityanath announces compensation
Posted on 14th June 2018
Dust storms hit various parts of Uttar Pradesh, leaving seven persons dead and 21 injured, an official spokesman said today.

"Seven persons were killed in dust storm in the past 24 hours.While three each died in Gonda and Sitapur, one person was killed in Faizabad," an official spokesman said here.

While 11 persons were injured in Faizabad, 10 were injured in Sitapur, he said.

Taking note of this, Chief Minister Yogi Adityanath had ordered district magistrates concerned to ensure proper treatment to the injured.

He also directed that compensation be paid to the kin of those killed and said no laxity will be tolerated.

Expressing grief over the deaths, he said the state government will extend all possible help to those hit by dust storms and related incidents, according to the spokesman.

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Sebi orders Ricoh India, directors to extend cooperation to auditor, confirms interim directions
Posted on 17th August 2018
Sebi today ordered Ricoh India and its directors to extend “necessary cooperation” to the auditor appointed for inspecting the books of accounts of the firm and confirmed its interim ruling in the matter, restraining several individuals from the markets “till further directions”. Through an interim order passed in February, the regulator had banned seven individuals, including Ricoh India’s former MD and CEO A T Rajan, from the securities market for alleged fraud pertaining to the distortions in the financial statements of the company.

GMR Infra loss widens 72% to Rs 235 cr in Q1
Posted on 17th August 2018
GMR Infrastructure’s net loss on a consolidated basis widened by 72% year-on-year (y-o-y) to Rs 235.14 crore in the quarter ended June 30 on dwindling profits from its airports business and rising losses on the power segment.

Revenue in the quarter fell about 33% to Rs 1,876.2 crore from the same period last year. Profits from the company’s flagship airport segment fell 60% y-o-y to Rs 277 crore, notwithstanding the 14% traffic growth in the same period.


Kotak shares fall to 3-month low after RBI declines preference share allotment
Posted on 17th August 2018
The stock of Kotak Mahindra Bank declined 3.62% on Thursday to hit a three-month low of Rs 1,244.90 on Thursday on the BSE after the lender said the Reserve Bank of India (RBI) had rejected its proposal to issue non-convertible preference shares to reduce promoter holding. During the day, it plunged 3.82% to Rs 1,242.25. On NSE, shares of the company slumped 3.71% to close at Rs 1,245.

Maruti, Mercedes to raise prices over higher input costs
Posted on 17th August 2018
MUMBAI: Maruti Suzuki and Mercedes-Benz, the nation’s largest mainstream and luxury carmakers, respectively, have decided to increase prices, citing input cost pressures. Maruti is set to increase prices by about Rs 6,100 per vehicle, while in the case of Mercedes-Benz, the increase will be up to 4%, which essentially means a hike of Rs 1.1-7.7 lakh depending on the models.

Reliance Jio, BSNL, Airtel announce free services for customers in Kerala
Posted on 17th August 2018
Telecom operators have announced free calls and data, extension in bill payment due dates and other relief measures for subscribers in flood-hit state of Kerala.

Reliance Jio has announced free services for seven days while BSNL is offering unlimited free calls within its network and data services along with 100 SMS per day for a week to customers.


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