MUMBAI: In the biggest merger in Indian corporate history, the boards of HDFC and HDFC Bank on Monday cleared a $40 billion amalgamation of the parent housing finance company with its banking arm. HDFC chairman Deepak Parekh said shareholders of HDFC will get 42 shares of HDFC Bank for every 25 shares held. HDFC’s 26%…Continue Reading
Amit Shah (File photo)NEW DELHI: Lok Sabha passed the Criminal Procedure (Identification) Bill on Monday with home minister Amit Shah assuring the House that the “government will do everything to ensure there is no misuse of the law” as the opposition mainly came on the “possibilities” of law-enforcing authorities harassing citizens and misusing data, leading…Continue Reading
SRINAGAR: When 26-year-old Pankaj Kumar from Jammu broke a leg recently in a farm accident and went through a long, expensive treatment that involved advanced surgery in private care, the J&K government picked up the tab. All expenses were paid through the Centre’s SEHAT scheme that offers free, universal healthcare. For its part, the J&K…Continue Reading
Rakesh Gangwal, the co-founder of IndiGo Airlines, has committed to contributing Rs 100 crore to his alma mater, the Indian Institute of Technology, Kanpur (IIT-Kanpur). The funds will be utilized for the School of Medical Sciences and Technology, a new school that IIT Kanpur is already building. File PhotoThe commitment extended by Rakesh Gangwal is in…Continue Reading
MUMBAI: Data on the face mask mandate for Mumbaikars, imposed in April 2020 and lifted this past Saturday, shows close to 46 lakh people were penalised and Rs 92 crore was collected as fines for flouting it. During the peak of the pandemic, the BMC chief, in a circular, had said, “It has been observed…Continue Reading
Representative imageNEW DELHI: The Russia-Ukraine war has hit the country’s agriculture sector the hardest with fertiliser prices skyrocketing in the international market, a top government functionary said on Monday, adding this is likely to raise India’s fertiliser subsidy burden alone to upwards of Rs 2 lakh crore this fiscal, about Rs 1 lakh crore more…Continue Reading
Residents were ordered to evacuate an apartment building in North Miami Beach, Florida, after engineers found the five-story structure unsafe, a discovery that comes months after the deadly condo building collapse in nearby Surfside. A firm hired by the owners of Bayview 60 Homes to help bring the building up to regulation for its upcoming…Continue Reading
WASHINGTON — Key Senate leaders struck an agreement Monday on bipartisan legislation to provide $10 billion in Covid response funding that no longer includes money for overseas efforts to fight the virus.In the agreement, announced by Senate Majority Leader Chuck Schumer, D-N.Y., and Sen. Mitt Romney, R-Utah, $5 billion would be designated for therapeutics, with…Continue Reading
More than 500 people in the U.S. were killed or wounded in road-rage shootings in 2021, the “worst year on record” for gun violence on streets and highways, according to analysis released Monday by Everytown for Gun Safety.It’s unclear what’s causing the rise in violence on the road, but gun-safety advocates suggest pandemic-related stressors and…Continue Reading
WASHINGTON — The Democratic-controlled Senate plans to move forward on Monday with the Supreme Court nomination of Judge Ketanji Brown Jackson after a tie vote in committee.The Judiciary Committee deadlocked on a party-line vote of 11 to 11 with all Democrats voting yes and all Republicans voting no.The tie means Jackson is stuck in committee…Continue Reading
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