‘Free vaccines to States to add just ₹10,000-crore’

Fiscal deficit to widen by only 0.4%: UBS The government’s move to supply free coronavirus vaccines to the States for universal inoculation and extend free rations to help the poor tide over the pandemic will only add an additional 40 basis points (bps) of GDP to fiscal deficit, says a report. The increased allocation of free vaccines to all above […]

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QTS Realty Trust To Be Acquired By Blackstone Funds In $10 Bln Cash Deal

QTS Realty Trust (QTS), a provider of data center solutions, Monday said it has entered into a definitive agreement to be acquired by investment company Blackstone (BX) in an all-cash transaction valued at approximately $10 billion, including the assumption of debt. In pre-market activity on NYSE, QTS Realty Trust shares were gaining around 21 percent, and Blackstone shares were up […]

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Bill Gates' next generation nuclear reactor to be built in Wyoming

Bill Gates speaks at US Chamber of Global Forum Bill Gates speaks at US Chamber of Global Forum Billionaire Bill Gates' advanced nuclear reactor company TerraPower LLC and PacifiCorp have selected Wyoming to launch the first Natrium reactor project on the site of a retiring coal plant, the state's governor said on Wednesday. TerraPower, founded by Gates about 15 years […]

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Auto sales decline from April levels

‘Pent-up demand may drive recovery’ Amid multiple State-wise lockdowns and disruptions to production, automakers posted muted wholesales of vehicles last month. Maruti Suzuki India, the country’s largest carmaker, said it sold 32,903 passenger vehicles (PVs) in the domestic market, compared with 1.35 lakh in April 2021, and 13,702 in May 2020. “The company shut production from May 1 through May […]

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Jet Airways staff seek early revival of airline

‘Lack of clarity on slots delaying plan’ Employee unions of Jet Airways have sought expeditious revival of the grounded airline, as the resolution plan is stuck in the Insolvency and Bankruptcy Code process for almost 2 years. The lenders had approved the resolution application submitted by Murari Lal Jalan & Kalrock Capital Consortium in October last year and the revival […]

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Teleflex To Sell Certain Respiratory Assets For $286 Mln; Backs FY21 Adj. EPS View

Teleflex Inc. (TFX), a provider for healthcare supplies and services, announced Tuesday its definitive agreement to sell a significant portion of its Respiratory business to Medline Industries, Inc. for $286 million in cash, reduced by $12 million in working capital not transferring to Medline. The divesting Teleflex respiratory product lines include oxygen and aerosol therapy, active humidification, non-invasive ventilation, and […]

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Automobile wholesales dip 30% month-on-month in April: SIAM

The wholesales of passenger vehicles stood at over 2.61 lakh units in April, a month-on-month decline of 10.7% from 2.90 lakh units sold in March 2021. Automobile manufacturers dispatched about 12.70 lakh vehicles, including passenger vehicles, two-wheelers and three wheelers, to dealers in April, lower by 30% compared to about 18.19 lakh vehicles dispatched in March 2021 due to the […]

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‘COVID wave may hit energy demand in first quarter’

Low-base effect may lead to y-o-y growth: Ind-Ra report Restrictions following the second wave of the COVID-19 pandemic could impact recovery in the growth in energy demand in the first quarter of this financial year, India Ratings and Research (Ind-Ra) said. In the April 2021 edition of its credit news digest on India’s power sector, the agency highlighted trends in […]

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CPCB identifies 30 industries to increase production of medical oxygen

‘Efforts have begun to modify nitrogen plants for the production of medical oxygen’ To tackle the COVID-19 situation in the country, the CPCB has identified about 30 industries whose nitrogen plants will be modified for the production of medical oxygen. In a statement, the Environment Ministry on Saturday said efforts were underway to augment availability of oxygen for medical purposes, […]

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