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☆ India bank sale sharpens valuation rivalry
▼ + stars: | 2022-12-15 | by ( Shritama Bose | ) www.reuters.com time to read: +3 min

Sumitomo Mitsui Financial (8316.T), Carlyle (CG.O) and Fairfax Financial (FFH.TO) may each be eyeing some of the 61% stake on offer in $7 billion IDBI Bank (IDBI.NS), per reports by The Economic Times and Mint. These latecomers’ share of outstanding loans fell to 55% in March 2022 from 70% in 2016, per Reserve Bank of India data. CONTEXT NEWSIndia on Dec. 14 extended the deadline to submit preliminary bids for the sale of a controlling stake in IDBI Bank to Jan. 7 from Dec. 16. New Delhi intends to sell 30.48%; Life Insurance Corporation of India, which is almost entirely government-owned, will sell a 30.24% stake. Carlyle, Fairfax Financial and DBS Bank are considering bidding for at least 10% each in IDBI Bank, Mint reported on Nov. 7, citing unnamed sources.

☆ New Delhi’s air pollution leaves residents gasping for breath
▼ + stars: | 2022-11-14 | by ( Gafira Qadir | ) www.nbcnews.com time to read: +5 min

By the first week of November, New Delhi’s air quality index was 472, high enough to affect healthy people while having a serious impact on those with existing conditions. In some areas of the city, the reading exceeded 800, according to the Delhi Pollution Control Committee, a regulatory body. Experts say exposure to low air quality levels increases the risk of respiratory infections, heart disease and lung cancer. In response to the poor air quality, Delhi officials ordered the closure of primary schools and reduced outdoor activities for older students from Nov. 4 to 9. A government vehicle sprinkles water to control air pollution in New Delhi last month.

☆ Britain prioritising India trade deal but can't give timeline, minister says
▼ + stars: | 2022-10-29 | by ( Krishna N. Das | ) www.reuters.com time to read: +2 min

[1/3] British Foreign Secretary James Cleverly speaks during an interview with Reuters at the residence of British High Commissioner in New Delhi, India, October 29, 2022. And it's incredibly important that we remember that an extensive free trade agreement like the one we're negotiating, it's never going to be simple, but it's an incredibly important vehicle to build on our already strong relationship and to make it really future-focused." Previous sticking points included a steep import duty on British whiskey for sale in India. India and Russia have close defence ties and India has become a big buyer of Russian oil since the Ukraine war started. "I don't think it would be right for me as a British politician to dictate policy to another country," he said.

☆ India to pitch for global biofuels alliance at G20 - oil minister
▼ + stars: | 2022-10-19 | by ( Mohi Narayan | ) www.reuters.com time to read: +2 min

REUTERS/Gary McWilliamsNEW DELHI, Oct 19 (Reuters) - India plans to pitch for a global alliance on biofuels among members of the group of 20 major economies, oil minister Hardeep Singh Puri said on Wednesday, as the world's third biggest oil consumer bids to boost use of cleaner fuels. India will take over the presidency of the group, also called G20, from Indonesia in December. "We will utilise our G20 presidency to try and set up an international biofuels alliance," Puri said at the International Conference on Biofuels. I think we are on our way to setting up an international alliance," he said. India, also the world's third-biggest oil importer, ships in about 85% of its crude needs, but is gradually building capacity to increase its output of biofuels.

☆ Criza sanitară în India: Oamenii aşteptă la cozi interminabile să primească oxigen pentru membrii familiilor lor
▼ + stars: | 2021-05-01 | by ( ) www.jurnal.md time to read: +2 min

Sursa foto: ReutersCriza sanitară în India: Oamenii aşteptă la cozi interminabile să primească oxigen pentru membrii familiilor lorPe măsură ce criza Covid-19 se răspândeşte în India, oxigenul a devenit una dintre cele mai rare mărfuri, potrivit CNN. Sâmbătă dimineaţă, un incendiu la un spital a provocat moartea a cel puţin 16 pacienţi şi 2 infirmiere, anunţă AFP. În New Delhi, oamenii aşteaptă ore întregi să primească oxigen pentru membrii familiilor lor. Un bărbat în vârstă de 22 de ani a spus că aştepată de cinci ore să primească oxigen pentru bunicii săi bolnavi. "Din primele date ale anchetei rezultă că incendiul s-a declanşat ca urmare a unui scurtcircuit la unitatea ATI a spitalului", a precizat el.

Persons: Reuters, CNN . Sâmbătă, CNN, El Locations: India, New Delhi, oraşele, Bhauch, Gujarat, Mumbaiului, Maharashtra

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