Covid LIVE: TN schools to re-open on Feb 1; Kerala logs 51,739 new cases

Tamil Nadu govt announces reopening of physical classes for students of standard 1 to 12 from Feb 1, decides to lift night curfew from Jan 28

9:10 AM

Congress leader Rahul Gandhi on day-long visit to Punjab today

Congress leader Rahul Gandhi will be on a day-long visit to Punjab on Thursday during which he will visit religious places along with 117 candidates in an apparent show of strength ahead of Assembly elections that are due next month.

 

During his day-long visit, Rahul Gandhi would pay obeisance at around 9 am at Sri Harmandir Sahib along with 117 candidates in Amritsar.

 

Thereafter, the Congress leader will pay obeisance at Durgiana Mandir at around 10 am and at around 11 am at Bhagwan Valmiki Tirath Sthal along with all his 117 candidates. Read on...

8:50 AM

Australia's Woodside Petroleum to exit Myanmar on human rights concerns

Woodside Petroleum Ltd said on Thursday it will exit its Myanmar operations citing deteriorating human rights situation, nearly a year after a coup plunged the Southeast Asian nation into turmoil.
 

The Australian gas producer will now begin formal procedure to exit the exploration assets it holds with state-owned Myanma Oil and Gas Enterprise and other entities including China National Petroleum Corp and Total, among others.
 

Woodside said a non-cash expense associated with the withdrawal would hurt its fiscal 2021 net profit after tax by about $138 million, in addition to the $71 million exploration expense for one of the oil blocks in Myanmar it had flagged earlier. Read on...

8:47 AM

Brazil's Covid-19 cases rise by record 224,567 to over 24.53 mln

The number of confirmed Covid-19 cases in Brazil has increased by record 224,567 to more than 24.53 million within the past 24 hours, the National Ministry of Health said on late Wednesday.

 

The death toll has risen by 570 to 624,413 people within the same period of time.

 

Like many other countries, Brazil is currently facing a new wave of the Covid-19 pandemic over the spread of the Omicron strain.

8:39 AM

Adani Wilmar IPO opens on Thursday to raise up to Rs 3,600 crore

Edible oil major Adani Wilmar will on Thursday hit the capital market to raise up to Rs 3,600 crore through its Initial Public Offer (IPO).

 

The proceeds of the public issue will be used to fund capital expenditure, reduce debt and for acquisitions as the company seeks to become India's biggest food and FMCG company.

 

The public issue, comprising fresh equity shares, will open for subscription on January 27 and close on January 31. Price band is Rs 218-230 per share. Read on...

7:57 AM

PM Narendra Modi to host first India-Central Asia Summit today

Prime Minister Narendra Modi to host the first meeting of the India-Central Asia Summit, with the participation of the Presidents of Kazakhstan, Kyrgyz Republic, Tajikistan, Turkmenistan and Uzbekistan, in a virtual format today.

7:32 AM

Tata Sons board to meet today for debt-laden Air India takeover

The government will hand over the control of debt-laden national carrier Air India to the Tata group on Friday.

 

Business Standard can confirm that the board of Air India and Tata Sons will meet on Thursday to formalise the handover the process. The existing board of Air India, which includes four functional directors, two government-nominee directors, chairman, and managing director (CMD), will resign and a board, consisting of Tata group executives, will take charge of the airline. READ ON...