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NEW DELHI (AP) — A stampede during a music festival at a university in southern India on Saturday killed at least four students and injured 60 others, according to news agency Press Trust of India. The disaster happened at the Cochin University of Science and Technology in Kerala state where students were enjoying a live musical event that was interrupted by rain, leading the audience to scamper for shelter that resulted in a stampede. At least two people among the injured are in critical condition, news website Indian Express reported. Pinarayi Vijayan, the top elected official in Kerala, said he had ordered an investigation. This material may not be published, broadcast, rewritten or redistributed.
Persons: Pinarayi Vijayan Organizations: DELHI, Press Trust of India, Cochin University of Science, Technology, Indian Express, Associated Press Locations: India, Kerala
Biogas, methane collected from dairy farms, is piped into a cleaning facility at the Calgren facility in Pixley, California, U.S., October 2, 2019. REUTERS/Mike Blake/File Photo Acquire Licensing RightsNEW DELHI, Nov 25 (Reuters) - India will start blending compressed biogas with natural gas to boost domestic demand and cut reliance on natural gas imports, the government said in a statement on Saturday. The mandatory phased introduction will start at 1% for use in automobiles and households from April 2025, it said. The government also aims to have 1% sustainable aviation fuel (SAF) in aircraft turbine fuel by 2027, doubling to 2% in 2028. The SAF targets will initially apply to international flights, the statement said.
Persons: Mike Blake, Nidhi Verma, Krishn Kaushik, Mike Harrison Organizations: REUTERS, SAF, Thomson Locations: Pixley , California, U.S, DELHI, India
People are seen outside the Afghanistan embassy in New Delhi, India, September 29, 2023. An embassy statement posted on X, formerly known as Twitter, on Friday said that period in limbo was over, and the embassy was shutting and the keys had been given to the host government. "Given the constant pressure from both the Taliban and the Indian government to relinquish control, the embassy faced a difficult choice," the statement added. Afghan diplomats in India appointed by Ghani's government have reached third countries and there are none remaining in India, the embassy statement said. "The only individuals present in India are diplomats affiliated with the Taliban, visibly attending their regular online meetings," the statement said.
Persons: Anushree, Farid Mamundzay, Mamundzay, Shivam Patel, Simon Cameron, Moore Organizations: REUTERS, Taliban, Thomson Locations: Afghanistan, New Delhi, India, DELHI, Europe, U.S, Mumbai
The minister described it as a "non-negotiable" demand of the Indian government during the meeting, said one of the sources. India's IT ministry said in a press statement all platforms had agreed to align their content guidelines with government rules. Alphabet Inc's (GOOGL.O) YouTube, Facebook and Chandrasekhar did not immediately respond to a request for comment. The Indian government and Prime Minister Narendra Modi have raised concerns over deepfakes in recent days. India has been tightening regulations of social media companies, which count the South Asian nation as a top growth market.
Persons: Dado Ruvic, Rajeev Chandrasekhar, Chandrasekhar, Narendra Modi, Munsif Vengattil, Aditya Kalra Organizations: Facebook, REUTERS, Rights, YouTube, Reuters, Thomson Locations: India
REUTERS/Rahul Grover Acquire Licensing RightsNEW DELHI, Nov 24 (Reuters) - A tunnel which collapsed, trapping 41 workers in the Indian Himalayas this month, did not have an emergency exit and was built through a geological fault, a member of a panel of experts investigating the disaster said on Friday. Rescuers are still struggling to reach the construction workers 12 days after the 4.5-km (3-mile) tunnel caved in. Preliminary findings indicated the collapse may have been caused by a geological fault, known as a "shear zone", a member of the panel told Reuters, speaking on condition of anonymity as he is not authorised to talk to the media. "Once the rescue operations are over, we will conduct detailed investigations to find out loopholes in the construction," the panel member said. The tunnel was being built by the state-run National Highways and Infrastructure Development Corporation which is under India's Ministry of Road Transport and Highways.
Persons: Rahul Grover, Vishal Chauhan, Narendra Modi's, Hemant Dhyani, Manoj Kumar, YP Rajesh, Andrew Heavens Organizations: Media, REUTERS, Highways, Infrastructure Development Corporation, India's Ministry of Road Transport, National Highways Authority of India, Supreme, Reuters, YP, Thomson Locations: Uttarkashi, Uttarakhand, India, DELHI
The government may fall short of its divestment goal by 300 billion rupees ($3.60 billion) in 2023/24, two government sources told Reuters. New Delhi had targeted 510 billion rupees from divestment proceeds for the current fiscal year that ends March, 2024. So far this year, the government has received 80 billion rupees through stake sales, according to government data. The government expects to surpass its 430 billion rupees dividend target and has so far received 203 billion rupees from state-run firms. "As long as the government is meeting its fiscal targets and there isn't a shortfall, missing divestment targets is fine," said Rahul Bajoria, an economist at Barclays Investment Bank.
Persons: Niharika Kulkarni, Narendra Modi's, Subhash Chandra Garg, Rahul Bajoria, Nikunj Ohri, Sam Holmes Organizations: IDBI, REUTERS, Reuters, IDBI Bank, NMDC Steel, Reserve Bank of India, NMDC, Barclays Investment Bank, Thomson Locations: Mumbai, India, DELHI, New Delhi, Chhattisgarh
New Delhi/Hong Kong CNN —A major wealth management company in China has told investors it can’t pay all its bills, reigniting fears that the country’s long-running real estate slump may be spilling over into the $3 trillion shadow banking sector. Zhongzhi Enterprise Group (ZEG) wrote to investors on Wednesday, disclosing that it was “severely insolvent,” according to a report in Chinese state-owned news outlet lanjinger.com, citing a letter from the shadow bank, which it also published. CNN is unable to verify the letter or its contents, and ZEG did not respond to a request for comment. Analysts have estimated that the trust industry, or “shadow banking” sector, is worth $2.9 trillion, making it bigger than the French economy. Shadow banks typically provide financing through off-balance-sheet activities or via non-bank financial institutions, such as trust firms.
Persons: ZEG Organizations: Hong Kong CNN, Zhongzhi Enterprise, Reuters, CNN, Zhongrong, Trust, Investors Locations: China, New Delhi, Hong Kong, Beijing
Oil and gas companies, as well as other people and organizations connected to fossil fuels, often attend the meeting, drawing criticism from environmentalists and climate experts. “Oil and gas producers need to make profound decisions about their future place in the global energy sector." Political Cartoons View All 1265 ImagesThe energy sector is responsible for over two-thirds of all human activity-related greenhouse gas emissions, and oil and gas is responsible for about half of those, according to the IEA. It found that if countries deliver on all climate pledges, demand for oil and gas will be 45% lower than today’s level by 2050. Earlier this year, another IEA report found that the world’s oil, gas and coal demand will likely peak by the end of this decade.
Persons: , Fatih Birol, Vibhuti Organizations: International Energy Agency, United Nations, IEA, , Associated Press, Abu Dhabi National Oil Company, IEA ., Institute for Energy Economics, Twitter, AP Locations: United, COP28, Dubai, Egypt, Abu Dhabi, New Delhi
For the second time in recent months, the Indian government is facing questions about whether it was involved in an assassination plot on Western soil, as American officials said they had expressed concerns to New Delhi about a thwarted plan to kill a dual U.S.-Canadian citizen. U.S. officials did not publicly accuse India of trying to orchestrate the killing of the dual citizen, reported by news outlets to be Gurpatwant Singh Pannun, a vocal advocate of the cause of Sikh separatism. But the revelation of a foiled plot comes just months after Prime Minister Justin Trudeau of Canada accused the Indian government of involvement in the killing of another Sikh separatist, Hardeep Singh Nijjar, on Canadian territory. And in the case of Mr. Pannun, news outlets, led by The Financial Times, reported on Wednesday that the Biden administration had told the Indian government it had information possibly linking New Delhi to the plot against him. Responding to those reports, which cited anonymous U.S. officials, the Indian foreign ministry issued a vaguely worded statement acknowledging discussion with the United States on the matter.
Persons: Gurpatwant Singh Pannun, Justin Trudeau, Hardeep Singh, Biden Organizations: The Financial Times Locations: New Delhi, U.S, India, Canada, United States
The logo of Oil and Natural Gas Corp's (ONGC) is pictured along a roadside in Ahmedabad, India, September 6, 2016. The comments come after India's finance minister announced a plan this year to provide equity of 300 billion rupees ($3.6 billion) to help the big state oil refiners move towards cleaner energy. Based on rights issues previously announced by two other state refiners, an ONGC issue could amount to about 155 billion Indian rupees ($1.86 billion), Reuters calculations show. ONGC, HPCL and the oil and finance ministries did not immediately respond to requests for comment. India's other big state refiners, Indian Oil Corp (IOC.NS) and Bharat Petroleum Corp (BPCL.NS) have announced plans to launch rights issues of 220 billion and 180 billion rupees, respectively.
Persons: Amit Dave, ONGC, Nidhi Verma, Tony Munroe, Clarence Fernandez Organizations: Gas, REUTERS, Natural Gas Corp, Hindustan Petroleum Corp, Indian Oil Corp, Bharat Petroleum Corp, IOC, Thomson Locations: Ahmedabad, India, DELHI, New Delhi, HPCL, ONGC, BPCL
Hong Kong CNN —A Kashmir journalist who was arrested under India’s sedition and anti-terror laws has returned home Thursday after being released on bail following nearly two years behind bars. Critics say Shah’s case highlights declining press freedoms in the contested region. Claimed in its entirety by both India and Pakistan, the mountainous Kashmir region has been at the epicenter of an often-violent territorial struggle between the nuclear-armed neighbors for more than 70 years. On Monday, the Jammu & Kashmir and Ladakh High Court ordered his release and quashed some of the charges, according to a court document seen by CNN. “The arrest of Fahad Shah shows Jammu and Kashmir authorities’ utter disregard for press freedom and the fundamental right of journalists to report freely and safely,” said Steven Butler, Committee to Protect Journalists’ Asia program, at the time.
Persons: Fahad Shah, Narendra Modi, Shah, India ”, , Fahad, Steven Butler, Modi Organizations: Hong Kong CNN, Kashmir’s, abetted, Jammu &, Court, CNN, Protect Journalists ’, Guardian, Human Rights Locations: Hong Kong, Kashmir Walla, Kashmir, New Delhi, India, Pakistan, Islamabad, Jammu, Jammu & Kashmir, Ladakh, Fahad Shah, Protect Journalists ’ Asia, Delhi, Laos, Philippines
Brazil highlights poverty, climate change as G20 priorities
  + stars: | 2023-11-23 | by ( ) www.reuters.com   time to read: +2 min
Brazil takes over the G20 presidency from India on Dec.1 and will hold the 2024 summit in Rio de Janeiro in November next year. "It is not possible for the Bretton Woods institutions, World Bank, IMF, and many other financial institutions to continue functioning as if nothing were happening in the world, as if everything had been resolved," he said. He complained the institutions often lend money to countries to pay off their debt, without any meaningful change. G20 foreign ministers will meet in Rio de Janeiro on Feb. 21-22 and finance ministers will gather in Sao Paulo over Feb. 28-29. Indian Prime Minister Narendra Modi hosted a virtual summit of G20 nations on Wednesday to review progress on policy goals set at the annual G20 summit in New Delhi in September.
Persons: Luiz Inacio Lula da Silva, Ueslei Marcelino, Lula, Narendra Modi, Lisandra Paraguassu, Deepa Babington Organizations: Central Bank, REUTERS, Rights, United Nations, World Bank, International Monetary Fund, Security, Bretton Woods, IMF, Indian, Thomson Locations: Brasilia, Brazil, Rights BRASILIA, India, Rio de Janeiro, United, Sao Paulo, New Delhi
Some 165 photographers working on assignment for National Geographic shot more than 2.1 million images in 2023. The feature — published in the magazine's December issue and online in November — contains "stunning photographs that unearth remarkable, rarely seen moments," according to National Geographic. Louie PaluThe training was conducted in response to Russia's invasion of Ukraine, according to National Geographic. A journey homeThis harrowing photograph by Renan Ozturk — a former National Geographic "Adventurer of the Year" — captures a journey home. Today India celebrates "National Technology Day" annually on May 11 to commemorate the 1998 tests.
Persons: Kiliii Yuyan, Kiliii, Yuyan, Louie Palu, Liam Burke, Alexander Semenov, Renan Ozturk —, Renan Ozturk, Michael —, Nenad Sestan, Max Aguilera, Chinky Shukla, Taj Mohammad, Chinky Shukla Mohammad, Jaime Rojo Organizations: National Geographic, Pictures, Geographic, CNBC, NATO, Yale University, Yale, World Health Organization, India Locations: Rock, Palau, Philippines, Papua New Guinea, U.S, Ukraine, Finland, United States, Sandwich Islands, New Delhi, Rajasthan, India, Pokhran
By Guy Faulconbridge and Vladimir SoldatkinMOSCOW (Reuters) -Russian President Vladimir Putin told the leaders of the Group of Twenty (G20) on Wednesday that it was necessary to think about how to stop "the tragedy" of the war in Ukraine, some of his most placatory remarks to date about the conflict. "Yes, of course, military actions are always a tragedy," Putin told the virtual G20 meeting called by Indian Prime Minister Narendra Modi. "And of course, we should think about how to stop this tragedy," Putin said. Putin used the word "war" to describe the conflict instead of the current Kremlin term of "special military operation". "I understand that this war, and the death of people, cannot but shock," Putin said, before setting out the Russian case that Ukraine had persecuted people in eastern Ukraine.
Persons: Guy Faulconbridge, Vladimir Soldatkin MOSCOW, Vladimir Putin, Putin, Narendra Modi, Joe Biden, Sergei Lavrov, Vladimir Soldatkin, Gareth Jones, Alex Richardson Organizations: Kremlin, Indian, Ukraine, United Nations, Human, West, Belfer, Harvard's Kennedy School, U.S Locations: Ukraine, Russia, United States, Ukraine's, Crimea, Russian, Palestine, Gaza, Ukrainian, West, Moscow, Israel, Washington, New Delhi, Nusa Dua, Indonesia, Osaka, Japan
[1/2] Russian President Vladimir Putin and Deputy Prime Minister Alexei Overchuk attend the G20 virtual summit via a video link in Moscow, Russia, November 22, 2023. "Yes, of course, military actions are always a tragedy," Putin told the virtual G20 meeting called by Indian Prime Minister Narendra Modi. "And of course, we should think about how to stop this tragedy," Putin said. Putin used the word "war" to describe the conflict instead of the current Kremlin term of "special military operation". "I understand that this war, and the death of people, cannot but shock," Putin said, before setting out the Russian case that Ukraine had persecuted people in eastern Ukraine.
Persons: Vladimir Putin, Alexei Overchuk, Mikhail Klimentyev, Putin, Ukraine Putin, Narendra Modi, Joe Biden, Sergei Lavrov, Vladimir Soldatkin, Guy Faulconbridge, Gareth Jones, Alex Richardson Organizations: Sputnik, REUTERS Acquire, Ukraine, Kremlin, Indian, United Nations, Human, West, Belfer, Harvard's Kennedy School, U.S, Thomson Locations: Moscow, Russia, Kremlin, Gaza, Ukraine MOSCOW, Ukraine, United States, Ukraine's, Crimea, Russian, Palestine, Ukrainian, West, Israel, Washington, New Delhi, Nusa Dua, Indonesia, Osaka, Japan
REUTERS/Evelyn Hockstein/File Photo Acquire Licensing RightsWASHINGTON/NEW DELHI, Nov 22 (Reuters) - The United States is treating a reported plot to kill a Sikh separatist on American soil with utmost seriousness and has raised the issue with the Indian government "at the senior-most levels," the White House said on Wednesday. The Financial Times reported, citing unnamed sources, that U.S. authorities thwarted a plot to kill a Sikh separatist in the United States and issued a warning to India over concerns the government in New Delhi was involved. It stated he threatened in video messages to not let Air India operate anywhere in the world. The case comes against the historical backdrop of a bombing in 1985 of an Air India aircraft flying from Canada to India that killed 329, and for which Sikh militants were blamed. Pannun told Reuters on Tuesday that his message was to "boycott Air India not bomb."
Persons: Joe Biden, Narendra Modi, Evelyn Hockstein, Gurpatwant Singh Pannun, Hardeep Singh Nijjar, Pannun, Adrienne Watson, Biden, Arindam Bagchi, Bagchi, Hardeep Singh, Shivam Patel, Krishn Kaushik, Jeff Mason, David Brunnstrom, Andrew Goudsward, Andrew Heavens, Alex Richardson, Alistair Bell Organizations: India's, White, REUTERS, WASHINGTON, Financial Times, Air India, Indian, Washington, FBI, U.S . Justice, India's National Investigation Agency, Sikh, Reuters, Air, Justice, Thomson Locations: Washington , U.S, DELHI, United States, India, New Delhi, Canada, Vancouver, U.S, New York, Air India
ET, OpenAI publicly announced that it had fired Altman over concerns that he was not always truthful with the board. Sam Altman, left, appears onstage with Microsoft CEO Satya Nadella at OpenAI's first developer conference, on Nov. 6, 2023, in San Francisco. OpenAI’s board was also reportedly having second thoughts and considering asking the ousted CEO to return. Ultimately, Microsoft and Altman appear to be the big winners from the dust-up: Altman will continue leading the firm he helped to found. “We are encouraged by the changes to the OpenAI board,” Nadella said on X.
Persons: Elon, Sam Altman —, , OpenAI, ChatGPT, Altman, Ilya Sutskever, Greg Brockman, Mira Murati, Altman’s, , what’s, ” Brockman, Kara Swisher, Sam Altman, Satya Nadella, Barbara Ortutay, Nadella, Brockman, Emmett Shear, Murati, ” Nadella, , Justin Sullivan, Bret Taylor, Larry Summers, Adam D’Angelo, Shear, Organizations: New Delhi CNN, Valley Bank, Google, Microsoft, OpenAI's, Sunday, OpenAI, CNBC, Twitter Locations: New York, New Delhi, OpenAI, San Francisco, San Francisco , California
REUTERS/Evelyn Hockstein/File Photo Acquire Licensing RightsNEW DELHI, Nov 22 (Reuters) - U.S. authorities thwarted a plot to kill a Sikh separatist in the United States and issued a warning to India over concerns the government in New Delhi was involved, the Financial Times reported on Wednesday, citing unnamed sources. The Financial Times said that the sources did not say if the protest to India resulted in the plot being abandoned by the plotters, or if it was foiled by the Federal Bureau of Investigation (FBI). Apart from the diplomatic warning to India, U.S. federal prosecutors have also filed a sealed indictment against at least one suspect in a New York district court, the FT report said. Pannun, like Nijjar, is a proponent of a decades-long, but now a fringe demand to carve out an independent Sikh homeland from India named Khalistan. The Financial Times report mentioned that the U.S. shared details of the thwarted plot with a wider group of allies after Canada's public accusation.
Persons: Joe Biden, Narendra Modi, Evelyn Hockstein, Hardeep Singh Nijjar, Gurpatwant Singh Pannun, Pannun, Shivam Patel, Krishn Kaushik, Andrew Heavens, Alex Richardson Organizations: India's, White, REUTERS, Financial Times, U.S, Federal Bureau of Investigation, Indian, Khalistan, Reuters, Thomson Locations: Washington , U.S, DELHI, United States, India, New Delhi, Canada, Vancouver suburb, U.S, New York, Canadian
WASHINGTON (AP) — The U.S. has thwarted a plot to kill Sikh separatist leader Gurpatwant Singh Pannun on American soil, a U.S. official familiar with the matter said Wednesday. The official declined to comment on when or how U.S. officials became aware of the plot as well as how the alleged assassination attempt was derailed. The FBI is investigating the matter, the official said. Political Cartoons View All 1265 ImagesThe thwarted assassination plot was first reported by the Financial Times, which said the U.S. informed some allies of the alleged plot. The statement described the information as a “cause of concern for both countries” and said India takes it seriously.
Persons: Gurpatwant Singh Pannun, Spokespeople, Justin Trudeau, Hardeep Singh, Adrienne Watson, , Eric Tucker Organizations: WASHINGTON, U.S, FBI, Justice, Canadian, Financial Times, AP, Government, Indian, National Security, Associated Press Locations: New Delhi, Hardeep Singh Nijjar, India, Canada, Indian, U.S, Indian Government, Washington
Air quality during 2023 Cricket World Cup matchesChart categorises the 2023 cricket World Cup matches held in 10 Indian cities by the air quality observed during the matches they hosted. Twenty matches were held in ‘unhealthy’ air quality, 11 in air that was ‘unhealthy for sensitive groups’, 12 in ‘moderate’ air quality and only two in ‘good’ air quality. Average 24-hour PM 2.5 levels on all cricket World Cup match days between 1983 and 2019Chart shows average PM 2.5 concentration on match days at places that hosted a cricket World Cup match between 1983 and 2019. Of all the regions that have ever hosted a cricket World Cup match, the Indian subcontinent has seen the most polluted air. Map shows average annual PM 2.5 levels in 2019 across the world and locations that have ever hosted a cricket World Cup match.
Persons: Delhi’s Arun, Arun Jaitley, ITO, Chandika Hathurusinghe, Joe Root, Ben Stokes, Suranga Lakmal, Mohammad Shami vomited Organizations: Sri Lankan, teams, Arun, ITO, Labs Inc, . Environmental Protection Agency, Delhi, United States Environment Protection Agency, U.S . Environmental Protection Agency, World Health Organization, Indian, Matches, Daily, International Cricket Council, Endurance Locations: New Delhi, Delhi, Lahore, Pakistan, Australia, Netherlands, India, ITO, Sri Lanka, England, Indian, Mumbai, Bengaluru, Kolkata, Sri Lankan, U.S, Canberra, United States, China, Bangladesh
France's minister of state for development Chrysoula Zacharopoulou told the Indian government about the plan, called the "New Coal Exclusion Policy", for private financial institutions and insurance companies, two Indian officials said. The plan to stop private financing for coal-fired power plants has not been previously reported. They are concerned private international financing continues to support large additions to coal capacity in developing nations, according to the plan shared by France with India. "And countries need to stop digging a deeper hole by building new unabated coal power plants, because unfortunately, there's still some 500 gigawatts of new coal-fired power plants in the pipeline globally, and the IPCC and the International Energy Agency have both been quite clear that that needed to stop already." Member countries are divided on emissions abatement technologies that are yet to evolve to commercial scale for use in developing countries, one of the Indian officials said.
Persons: Rula, Chrysoula Zacharopoulou, Zacharopoulou, Emmanuel Macron, Rick Duke, Duke, there's, Sarita Chaganti Singh, Valerie Volcovici, Kate Abnett, Benjamin Mallet, Sonali Paul Organizations: Abu Dhabi Sustainability, REUTERS, OECD, French, Organisation for Economic Co, Development, U.S, International Energy Agency, Thomson Locations: UAE, Abu Dhabi, DELHI, BRUSSELS, WASHINGTON, France, United States, India, Europe, Dubai, China, New Delhi, U.S, Union, Canada, COP28, Washington, Brussels, Paris
The Indian Council of Medical Research (ICMR) conducted a study following what it called "anecdotal reports about sudden unexplained deaths among apparently healthy adults" aged 18 to 45 between October 2021 and March 2023. "We found no evidence of a positive association of COVID-19 vaccination with unexplained sudden death among young adults," the research group said in a study published in the Indian Journal of Medical Research. "At the same time, family history of sudden death, hospitalisation for COVID-19 and lifestyle behaviours such as recent binge drinking and vigorous-intensity physical activity were risk factors for unexplained sudden death." ICMR researchers identified 29,171 sudden deaths and scrutinised the records of 729 of the cases as well as 2,916 "control" subjects as part of their investigation, the group said. Many Indian hospitals ran out of beds during the peak of the COVID crisis and many people died at home.
Persons: Asmita Koladiya, Jiyanshi Gaurang, Amit Dave, Krishna N, Robert Birsel Organizations: REUTERS, Indian, of Medical Research, Thomson Locations: Lodhida, Rajkot district, Gujarat, India, DELHI, COVID
The world famous Gateway of India monument in Mumbai, India was built during the 20th century to commemorate the visit of king George V and Queen Mary. India's travel landscape is changing as the country emerges as a powerhouse in the tourism sector. Their willingness to spend big while traveling is going, but research shows that most Indians are traveling domestically — not overseas. Indian travelers took 1.7 billion leisure trips in 2022 but most never left the country, and only about 1% traveled abroad, according to Booking.com and McKinsey. Here are the top 10 spots for Indians traveling within their own country, according to Booking.com and McKinsey.
Persons: George V, Queen Mary, McKinsey Organizations: McKinsey, McKinsey Mumbai, CNBC Locations: India, Mumbai, McKinsey ., Delhi Bengaluru Mumbai Chennai Pune Hyderabad, Jaipur Kochi Kolkata, New Delhi, Bengaluru, Chennai, Kochi
India cancels bid process to hire valuer for IDBI Bank sale
  + stars: | 2023-11-21 | by ( ) www.reuters.com   time to read: +1 min
The logo of IDBI Bank is seen on the facade of its headquarters in Mumbai, India, April 18, 2023. REUTERS/Niharika Kulkarni/File Photo Acquire Licensing RightsNov 21 (Reuters) - The Indian government has cancelled the bidding process to hire an asset valuer for its planned IDBI Bank (IDBI.NS) share sale, according to a statement. The government will invite fresh bids to select a valuer for its stake in the lender, said a statement from the Department of Investment and Public Asset Management on Tuesday. India is looking to offload its 30.48% stake in IDBI Bank, while Life Insurance Corp (LIC) (LIFI.NS) of India will sell a 30.24% shareholding. Presently, the Indian government and LIC collectively own about 95% of IDBI Bank.
Persons: Niharika Kulkarni, LIC, Tuhin Kanta Pandey, Nikunj Ohri, Matthew Lewis Organizations: IDBI, REUTERS, Bank, Department of Investment, Public Asset Management, Life Insurance, IDBI Bank, Thomson Locations: Mumbai, India, IDBI Bank, New Delhi, Bengaluru
CNN —The first images of dozens of men trapped inside a collapsed Himalayan tunnel have emerged, as a complex and frustrating operation to free them enters its tenth day. Show us each person’s face.”The 41 trapped laborers have been receiving food, water and oxygen through the pipe after the entrance to the tunnel they were helping to build gave way on November 12. “Confidence of keeping the lives of the trapped workers safe has increased manifold,” said a statement released by state officials on Monday. Video shows a monitor showing the feed of a camera being sent down through a pipe installed into the tunnel. Authorities say they are exploring all options to reach the men, including reaching out for international help to teams involved in other complex rescues.
Persons: Organizations: CNN, Authorities, India’s, Management Authority, Rescuers, Reuters, National Highways, Infrastructure Development Corporation Locations: Uttarakhand Government, New Delhi
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