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☆ India's top court overhauls election commissioner appointment in 'historic' judgment
▼ + stars: | 2023-03-02 | by ( Sakshi Dayal | ) www.reuters.com time to read: +2 min

Joseph, delivering the order of a constitution bench that heard several petitions calling for an independent committee to appoint election commissioners. "The election commission of India is to perform the arduous and unenviable task of remaining aloof from all forms of subjugation by and interference from the executive." "They have said the independence of the election commission is absolutely essential for democracy, and for that independence to be assured, you cannot have a system where the government alone appoints the election commissioners," he told reporters outside the court. India's former chief election commissioner, S.Y. Good for the perception of neutrality of the Election Commission."

☆ Japanese investors turn net buyers of overseas bonds in January
▼ + stars: | 2023-02-13 | by ( ) www.reuters.com time to read: +2 min

According to data from Japan's Ministry of Finance, Japanese investors purchased a net 1.56 trillion yen ($11.79 billion)worth of foreign bonds in January, marking their biggest buying spree since September 2021. Prashant Newnaha, senior Asia-Pacific rates strategist at TD Securities, said Japanese buyers were likely buying foreign bonds on an unhedged basis. "Buying FX-hedged foreign bonds makes little sense given Japanese government bonds are a more attractive option," he said. The data showed that in the first week of February, Japanese investors bought 1.1 trillion yen worth of overseas bonds. Meanwhile, domestic investors also poured 1.67 trillion yen into foreign equities in January in a second straight month of net buying.

☆ India's top court to consider cases against block on BBC documentary
▼ + stars: | 2023-01-30 | by ( Arpan Chaturvedi | ) www.reuters.com time to read: +2 min

NEW DELHI, Jan 30 (Reuters) - India's Supreme Court will consider petitions next week against a government order blocking the sharing of clips of a BBC documentary that questioned Prime Minister Narendra Modi's leadership during riots in 2002 in the western state of Gujarat. The Supreme Court will take up the petitions next week, Chief Justice D Y Chandrachud said in court on Monday. A New Delhi-based lawyer, M L Sharma, opposed the government's move in one of the petitions to the Supreme Court. He was exonerated in 2012 following an inquiry overseen by the Supreme Court and a petition questioning his exoneration was dismissed last year. The BBC has said the documentary was "rigorously researched" and involved a wide range of voices and opinions, including responses from people in Modi's Hindu nationalist Bharatiya Janata Party.

☆ India's Yes Bank has 'strong' grounds to appeal ATI bonds court order, CEO says
▼ + stars: | 2023-01-21 | by ( ) www.reuters.com time to read: +2 min

MUMBAI, Jan 21 (Reuters) - India's Yes Bank (YESB.NS) has "strong" legal grounds to appeal against a court order quashing the write-off of its additional Tier-1 (AT1) bonds, Chief Executive Officer Prashant Kumar said on Saturday. "The judgment in itself is not questioning the regulatory guidelines in terms of writing off (AT1 bonds). "We have strong legal advises and opinions which interpret the issue in a different way and that makes a strong ground for us to appeal in the Supreme Court." The bonds were written off as part of a restructuring plan to rescue Yes Bank in March 2020. Yes Bank said in a stock exchange filing late on Friday it is in the process of preparing an appeal to the Supreme Court.

☆ India's Yes Bank completes transfer of $5.81 bln worth bad loans to J.C. Flowers
▼ + stars: | 2022-12-19 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, Dec 19 (Reuters) - Indian private lender Yes Bank (YESB.NS) said on Monday it completed the transfer of bad loans worth 480 billion rupees ($5.81 billion) to private equity firm J.C. "This transaction would further strengthen our balance sheet, allowing the bank to focus fully on growth and profitability as future strategic objectives," Yes Bank Chief Executive Prashant Kumar said in a statement. Yes Bank's gross bad loan ratio edged down to 12.89% at the end of the September quarter from 13.45% at the end of June. Last week, Yes Bank also concluded allotting shares and share warrants worth $1.1 billion to private equity firms Carlyle (CG.O) and Advent International, in its bid to boost its capital and fund growth. read more($1 = 82.6430 Indian rupees)Reporting by Chris Thomas in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

☆ India's Essar Group is debt-free after repaying $25 bln
▼ + stars: | 2022-11-21 | by ( ) www.reuters.com time to read: +2 min

NEW DELHI, Nov 21 (Reuters) - India's Essar Group has become debt-free, having settled the remainder of its $25 billion debt after the sale of two ports and a power plant to ArcelorMittal Nippon Steel Ltd (AM/NS), the group said on Monday. Essar, built by brothers Shashi and Ravi Ruia, has sold some of its assets in sectors such as telecom, oil refining and steel over the years to settle its $25 billion debt. "Essar has concluded its asset monetisation programme and completed the debt repayment of $25 billion effectively making the group debt-free from Indian banks and financial institutions," Prashant Ruia, director, Essar Capital, said in a statement. AM/NS, which agreed to buy some infrastructure assets from Essar group for $2.4 billion, in a statement said that the ports and the power plant are captive to its India's operations and are expected to generate operation synergies for the company. Acquisition of these assets will help move raw materials and finished goods between the company's manufacturing facilities in western, eastern and southern India.

☆ India's Yes Bank quarterly profit falls 32% on provision set-asides
▼ + stars: | 2022-10-22 | by ( ) www.reuters.com time to read: +1 min

MUMBAI, Oct 22 (Reuters) - India's Yes Bank (YESB.NS) said on Saturday its profit fell in the July-September quarter as it set aside more provisions for bad loans recorded in previous quarters. The private lender's net profit declined 32% from a year ago to 1.53 billion rupees ($18.5 million). Analysts had expected a profit of 3.69 billion rupees, according to Refinitiv IBES data. Register now for FREE unlimited access to Reuters.com RegisterNet interest income, the difference between the interest income from lending and that out to depositors was at 19.91 billion rupees, up 31.7%Provisions rose to 5.83 billion rupees from 1.75 billion rupees the previous quarter. In September, Yes Bank approved the transfer of stressed assets worth 480 billion rupees to private equity firm J.C.

☆ Mărturiile angajaților din crematoriile din India. Cuptoarele încep să se topească
▼ + stars: | 2021-04-20 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +4 min

Cuptoarele unui crematoriu din Gujarat, India, au funcționat fără pauză de când a început pandemia, iar părțile metalice au început să se topească. India a înregistrat luni un record de 273.810 de cazuri noi și 1.619 decese. Însă cifrele îmbolnăvirilor și a deceselor sunt puse sub semnul întrebării. Se pare că nimeni nu înțelege foarte clar situația și asta este foarte grav”, a spus Bhramar Mukherjee. Șeful crematoriului Azad a declarat că numărul incinerărilor în cadrul protocoalelor COVID a crescut de cinci ori în ultimele săptămâni „Lucrăm zi și noapte”, a spus el.

Persons: Reuters, Bhramar, Prashant, Azad Organizations: Sănătății, Universitatea din, Kurukshetra Locations: Gujarat, India, Surat, SUA, Universitatea din Michigan, crematoriul, Lucknow, Uttar

☆ Mărturiile angajaților din crematoriile indiene sugerează că numărul morților de COVID este mai mare
▼ + stars: | 2021-04-20 | by ( ) www.jurnal.md time to read: +4 min

Sursa foto: b365.roMărturiile angajaților din crematoriile indiene sugerează că numărul morților de COVID este mai mareCuptoarele unui crematoriu din Gujarat, India, au funcționat fără pauză de când a început pandemia, iar părțile metalice au început să se topească. India a înregistrat luni un record de 273.810 de cazuri noi și 1.619 decese. Însă cifrele îmbolnăvirilor și a deceselor sunt puse sub semnul întrebării. Se pare că nimeni nu înțelege foarte clar situația și asta este foarte grav”, a spus Bhramar Mukherjee. Șeful crematoriului Azad a declarat că numărul incinerărilor în cadrul protocoalelor COVID a crescut de cinci ori în ultimele săptămâni „Lucrăm zi și noapte”, a spus el.

☆ Zece nou-născuţi au murit într-un incendiu izbucnit la un spital din India
▼ + stars: | 2021-01-09 | by ( ) www.jurnal.md time to read: +1 min

Şaptesprezece copii se aflau în unitatea pentru nou-născuţi bolnavi atunci când focul a izbucnit în primele ore ale zilei de sâmbătă la Spitalul General Districtual din Bhandara, statul indian Maharashtra. Şapte nou-născuţi au murit din cauza sufocării cu fum, iar trei din cauza rănilor provocate de arsuri, a declarat pentru presă ministrul sănătăţii din Maharashtra, Rajesh Tope. Toţi nou-născuţii aveau vârste cuprinse între câteva zile şi trei luni, a precizat Prashant Uike, un oficial sanitar districtual din Bhandara. Rapoartele iniţiale indicau faptul că incendiul ar fi putut fi cauzat de un scurtcircuit într-unul dintre incubatoare, a precizat Tope. „Personalul a povestit că secţia s-a umplut repede de mult fum negru”, a adăugat el.

Persons: Ceilalţi, Autorităţile Locations: Bhandara, indian Maharashtra, Maharashtra, Rajesh

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