Chennai rains LIVE: Flight arrivals resume at airport, red alert withdrawn

Latest Live news: Paytm's IPO, India's largest, is oversubscribed although investors showed less enthusiasm than for some other tech firms' offerings.

Latest Live news: Falguni Nayar’s beauty startup has jolted her to the ranks of the world’s richest. Nayar, who owns about half of Nykaa, is now worth almost $7 billion as shares of the firm nearly doubled on their trading debut Wednesday. She’s become India’s wealthiest self-made female billionaire, according to the Bloomberg Billionaires Index.

Zomato Ltd on Wednesday reported a wider loss for the quarter ended September, hurt by a steep rise in expenses. Consolidated net loss for the loss-making food delivery company was Rs 4.3 billion ($57.85 million) for the second quarter, compared with a loss of Rs 2.30 billion a year earlier.

Paytm's $2.5 billion initial public offering, India's largest, was oversubscribed at the close of bidding on Wednesday, although investors showed less enthusiasm than for some other tech firms that have ridden the country's IPO boom.

The company, which had already raised $1.1 billion from anchor investors, received $2.64 billion worth of bids for the remaining shares on offer, or 1.89 times, according to stock exchange data.

8:52 PM

Mumbai logs 283 new Covid-19 cases, 2 deaths; active tally at 2,863

Mumbai on Thursday reported 283 new coronavirus cases and two fresh fatalities, taking the infection tally to 7,58,819 and the death toll to 16,287, a civic official said, according to PTI.

 

The city had reported 347 COVID-19 cases and only one fatality on Wednesday. 

8:24 PM

Met department update on Tamil Nadu rains

8:22 PM

Flight arrivals resume at airport, red alert withdrawn

8:04 PM

EU nations oppose saying nuclear is climate plus

Five European Union countries on Thursday pushed back against efforts to define nuclear energy as a climate-friendly technology in the 27-nation bloc, AP reported.

 

The declaration made on the sidelines of the UN climate conference in Glasgow was backed by Austria, Denmark, Germany, Luxembourg and Portugal.

 

Nuclear power cannot be a solution in the climate crisis, German Environment Minister Svenja Schulze said.

 

8:03 PM

Covid-19: 286 new cases, 7 deaths in Karnataka

Karnataka has reported 286 fresh cases of COVID-19 and 7 deaths, taking the total number of infections to 29,91,142 and toll to 38,138, the health department said on Thursday, PTI reported.

 

The day also saw 289 discharges, taking the total number of recoveries in the state so far to 29,44,958.

 

Out of 286 cases reported on Thursday, 169 were from Bengaluru Urban, as the city saw 171 discharges and 3 deaths.

7:24 PM

We have taken note of US report on Chinese construction activities: MEA

Days after a Pentagon report said Beijing built a large village in a disputed territory in the Arunachal Pradesh sector, India on Thursday said it has neither accepted any illegal occupation of its territory by China nor has it accepted unjustified Chinese claims, PTI reported.

 

External Affairs Ministry Spokesperson Arindam Bagchi said India keeps a constant watch on all developments having a bearing on its security and takes all the necessary measures to safeguard its sovereignty and territorial integrity.

 

He also said that India too stepped up infrastructure development including construction of roads and bridges in areas along the border with China.

7:24 PM

Inflation in Pakistan fourth highest in world, could lead to unrest

The rate of inflation in Pakistan is the fourth highest in the world which could lead to unrest and protests against the Imran Khan government, ANI reported.

 

Citing an incident in a family of Karachi, Shah Meer Baloch wrote in The Guardian that a shoe-seller set himself on fire as he could not meet his expenses or send money home due to the "skyrocketing prices".

 

Imran Khan had vowed to lift people out of poverty before gaining power as he promised the creation of 10 million jobs. Instead, he announced financial support of USD3 billion from Riyadh after his visit to Saudi Arabia last month.

6:29 PM

Kerala clocks 7,224 daily Covid cases, 419 deaths

Kerala recorded 7,224 fresh coronavirus infections and 419 deaths on Thursday, raising the caseload to 50,42,082 and the fatalities to 35,040, PTI reported.

 

With 7,638 more people recovering from the virus since Wednesday, the total recoveries touched 49,36,791 and the active cases reached 69,625, an official press release said.

 

Of the 419 deaths, 47 were reported over the last few days and 372 were designated as COVID deaths after receiving appeals based on the new guidelines of the Centre and Supreme Court directions, it said.

6:28 PM

Depression begins crossing coast near TN coast: IMD

The depression over Bay of Bengal has started crossing coast near here, the Meteorological Department said here on Thursday, PTI reported.

 

"The depression has started crossing coast. During the past six hours, it has moved with a speed of 16 kilometer per hour and the landfall process will continue for the next two hours," Deputy Director General of Meteorology, S Balachandran told reporters here.

 

The red alert for Chennai indicating extremely heavy rainfall, is withdrawn he said.

5:37 PM

Heavy waterlogging in several parts of Chennai

5:35 PM

IMD says heavy rains in Tamil Nadu to decrease from tomorrow

5:23 PM

UN chief says global warming goal on 'life support'

United Nations Secretary-General Antonio Guterres says the goal of limiting global warming to 1.5 degrees Celsius (2.7 F) is on life support with climate talks in Glasgow so far not reaching any of the UN's three goals, but he added that until the last moment, hope should be maintained, AP reported.

 

In an exclusive interview Thursday with The Associated Press, Guterres said the UN climate talks in Glasgow, Scotland are in a crucial moment and need to accomplish more than securing a weak deal that participating nations agree to support.

 

The worst thing would be to reach an agreement at all costs by a minimum common denominator that would not respond to the huge challenges we face, Guterres said.

5:22 PM

Evergrande dodges default again; property sector debt concerns linger

Cash-strapped developer China Evergrande Group once again averted a destabilising default with a last minute bond payment but the reprieve did little to alleviate strains in the country's wider property sector, Reuters reported.

 

Customers of international clearing firm Clearstream received overdue interest payments on three dollar bonds issued by Evergrande, a Clearstream spokesman said on Thursday.

 

Evergrande, the world's most indebted developer, has been stumbling from deadline to deadline in recent weeks as it grapples with more than $300 billion in liabilities, $19 billion of which are dollar bonds.

5:00 PM

Lahore most polluted city in the world, as per US Air Quality Index

Lahore is on top of the list of the most polluted cities in the world, according to air pollution data released by the US Air Quality Index, ANI reported.

 

The air quality in the city of Pakistan was recorded at over 600 on Wednesday.

 

Karachi stood at the fifth position on the list.

5:00 PM

Recent global warming unprecedented' in 24,000 years, study finds

The speed of human-caused global warming over the last 150 years is faster than anything seen since the last ice age, about 24,000 years ago, according to a study, PTI reported.

 

The team led by researchers at the University of Arizona, US, also verified that the main drivers of climate change since the last ice age are rising greenhouse gas concentrations and the retreat of the ice sheets.

 

The study, published recently in the journal Nature, suggests a general warming trend over the last 10,000 years, settling a decade-long debate about whether this period trended warmer or cooler in the paleoclimatology community.