India may face devastating climate change effects, including killer heat waves and severe flooding, in the next 80 years, says a study that calls for urgent steps to reduce greenhouse gas emissions to avert associated risks to the country’s population, ecosystems and economy. Annual mean temperatures across India are likely to…
INDIAN oil-to-telecoms conglomerate Reliance Industries said on Friday (5) that Abu Dhabi state fund Mubadala Investment Co will buy a 1.85 per cent stake in its digital unit, Jio Platforms, for $1.2 billion (£ 959.6 million). Reliance has now sold a combined 19 per cent interest in Jio Platforms, which…
BRITISH pharma giant AstraZeneca is “on track” to begin rolling out up to two billion doses of a coronavirus vaccine in September if ongoing trials prove successful, its chief executive said on Friday. The company is partnering with Oxford University, which has pioneered the vaccine, and is already manufacturing doses…
INDIA saw a record single-day jump of 9,851 Covid-19 cases and 273 deaths on Friday (5), pushing the nationwide infection tally to 2,26,770 and the death toll to 6,348, according to the health ministry. India stood seventh among the nations worst hit by the Covid-19 pandemic after the US, Brazil,…
Amazon.com is in early-stage talks to buy a stake worth at least $2 billion in Indian mobile operator Bharti Airtel, three people with knowledge of the discussions told Reuters, in a move that could turbocharge India’s digital economy. The planned investment, if completed, would mean Amazon acquiring a roughly 5…
India pledged to investigate Thursday the death of a pregnant elephant that ate explosives-filled fruit, as cricket and Bollywood stars joined a chorus of outrage over the incident. The elephant died in agony last week in the southern state of Kerala, the latest casualty in a growing conflict in South…
GOOGLE will give $37 million to fight racism, Sunder Pichai has announced, in the wake of global protest in the US against the custodial killing of African-American George Floyd. In an email to his employees on Wednesday (3), the Indian-American CEO of Google and Alphabet, also urged them to stand together…
VIJAY MALLYA is unlikely to be extradited anytime soon, with the UK government on Thursday (4) saying that there is a legal issue that needs to be resolved before his extradition can be arranged. Last month, the fugitive tycoon lost his appeals in the UK Supreme Court against his extradition…
INDIAN billionaire Gautam Adani-owned Adani Power has appointed merchant banker for due diligence on delisting plan of the company. The board of Adani Power has taken on record the delisting proposal letter and has appointed Vivro Financial Services Private as the merchant banker, reported the Economic Times. Adani Power has a…
INDIA and Australia sealed an accord on Thursday (4) to grant access to each other’s military bases in order to facilitate mutual defence exchanges and exercises. The agreement – known as the Mutual Logistics Support Agreement – was reached during a virtual summit between Indian prime minister Narendra Modi and…