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NZ vs ENG: Cricket World Cup 2019 | Kiwi fans on the outer for thrilling cricket finale
Posted on 15th July 2019
New Zealand cricket fans watched the Black Caps succumb to England in a nerve-shredding Cricket World Cup final Monday, but the country's sports bars were closed as the match reached its climax.

The match was played in the dead of night in New Zealand, starting at 10:15 pm on Sunday and ending around 6:30 am on Monday when the Black Caps lost in the final ball of an extra-time Super Over.

The pain for Kiwi fans was magnified by the fact that the country's strict licencing laws meant bars closed at 4 am, more than two hours before the finale.

“How can they force us to leave now — unbelievable,” James Hewitt-Long told AFP from a central Wellington pub when he had to leave at 4am when New Zealand's bowling attack was on the charge.

“We've got to decide what to do now. We can watch it at my mate's work but it's not going to have the same atmosphere.”

The problem was that New Zealand's licencing laws require a special one-off dispensation for all-night events, but no bars applied for any because they had written off the Black Caps' prospects.

Wearing a vintage 'Beige Brigade' New Zealand shirt at the Four Kings sports bar in central Wellington, Abi Thomas was hyped and optimistic before play commenced.

“I can't sit down, I'm too nervous,” she said.

“It's going to be a long night but I had a good two-hour nap this afternoon, so I should be OK.”


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Auroinbo recalls heartburn drug ranitidine, two others from US market
Posted on 6th December 2019

Aurobindo Pharma Limited has initiated a nationwide recall of three drugs from the US, two of them due to manufacturing issues. The development comes close on the heels of the regulatory compliance issues being faced by several of its manufacturing facilities back home.

These three products include heartburn drug Ranitidine that the US Food and Drug Administration(US FDA) had recently asked the companies to withdraw from the market owing to the presence of carcinogenic nitrosodimethylamine (NDMA) compound above the daily acceptable intake limits in the formulation.


MTPL to set up off-highway tyre facility in Gujarat, invest $107 million
Posted on 6th December 2019

Mahansaria Tyres Private Limited (MTPL) will set up a $107-million facility to manufacture off-highway tyres in Gujarat, backed by International Finance Corporation (IFC) through equity and loan.

IFC will provide a loan of up to $30 million and it will buy a stake in MTPL for up to $7.74 million.


Growth of world cities to decline in 2020-21 amid global slump: Research
Posted on 6th December 2019

The blockbuster growth in the world's major cities in recent years will slow sharply in 2020 and 2021 as the global trade slowdown takes its toll, according to new research.

Nine of the top 10 biggest global cities will slow next year, with the stars of the US Silicon Valley showing the most dramatic signs of slamming on the brakes, Oxford Economics researchers found in a report provided to AFP.


Mahindra & Mahindra nears 52-week low; stock slips 12% in one month
Posted on 6th December 2019

Shares of Mahindra & Mahindra (M&M) slipped 2 per cent to Rs 512 on the BSE on Friday and was trading close to its 52-week low level. The car & utility vehicles maker's stock is less than 2 per cent away from its 52-week low price of Rs 503, touched on August 14, in intra-day trade.

In past one month, M&M has underperformed the market by falling 12 per cent as the company's tractor sales delivered disappointing performance.


Vodafone Idea will shut shop if govt doesn't provide relief: KM Birla
Posted on 6th December 2019
Vodafone Idea Ltd, India's third largest mobile service provider, will shut down if the government does not provide relief on the liability it faces in past statutory dues following a Supreme Court order, its billionaire chairman Kumar Mangalam Birla said on Friday. "If we we are not getting anything then I think it is end of story for Vodafone Idea," Birla said at the HT Leadership Summit when asked about the future of Vodafone Idea in absence of a government relief on payment of Rs 53,038 crore dues.

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