Year: 2020

Anil Deshmukh announces 77 inmates at Mumbai Arthur Road jail to be positive for coronavirus

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Maharashtra Home Minister Anil Deshmukh has announced that, 77 inmates and 26 staff members from Arthur Road jail in Mumbai have contracted coronavirus.   After the coronavirus epidemic broke out, the state government had isolated eight prisons in the state including the Arthur Road prison, and ordered that no new person will be allowed to enter and those inside, including jail staff, will not be allowed to leave prison during lockdown.   But despite the precautions, 72 inmates of Arthur Road prison were found to have contracted coronavirus after coming in contact with a cook who had caught the infection.   In a video message on Twitter, the minister informed that “coronavirus infection was found in one of the…

Rs 1 crore ex-gratia to the families of the deceased: AP CM Jagan Mohan Reddy

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After the Vizag gas tragedy, the Andhra Pradesh government formed a panel headed by the Chief Secretary to investigate the styrene chemical gas leak at LG Polymers India Pvt. Ltd.   Addressing newspersons after visiting the victims at KGH Hospital in Visakhapatnam, Chief Minister Y. S. Jagan Mohan Reddy also announced an ex-gratia of Rs 1 crore each to the families of those who had succumbed.   So far, 10 people have lost their lives and about 1,000 people have been hospitalised after styrene gas leaked from the LG Polymers…

Japan will stamp out recent COVID-19 surge, but future surges are likely

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Japan has already witnessed a significant downturn in the number of new daily COVID-19 cases since the national emergency was declared. However, the country is likely to see additional surges in the future, according to an infection trajectory forecast model by GlobalData, a leading data and analytics company.   Kasey Fu, Director of Epidemiology at GlobalData, comments: “As COVID-19 continues to spread around the world, analyzing differences in the infection trajectory is important to understand how the virus will continue to spread.”   GlobalData has forecasted Japan’s trajectory in the next several weeks, along with the country’s…

BMW points the electrified way for Europe’s auto industry

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Following the business update and Q1 results announced by BMW Group;   David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view:   “Electrification remains a priority for BMW as part of meeting tighter EU fleet average CO2 emissions this year and next. BMW says it is set to achieve its stipulated CO2 fleet average target for new vehicles registered in Europe this year – around 20% below last year’s level. Some two thirds of the targeted improvement this year for BMW is planned to…

Is King Kim Jong Un using his body double?

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The mystery about North Korean King Kim Jong Un’s death and presence has been doing rounds since many days. The health of the supreme leader of North Korea Kim Jong Un has been a subject of great interest to the media and governments around the world. The news about his ill health or death was put to rest… or can we say it sparked more flames then, when he finally reappeared last week after a gap of 20 days, cutting the ribbon at the opening of a fertilizer factory, speculation…

Vizag and Chattisgrah both suffer gas leak on same day

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Thursday turned into a dark day when a chemical plant in Visakhapatnam, Andhra Pradesh, saw the death of 11 people and more than 100 people complained of illness due to gas leakage from a chemical plant in vicinity.     Speaking to the news agency, Visakhapatnam District Medical and Health Officer Tirumala Rao said, 300 people have been admitted to several hospitals due to gas leaks in Visakhapatnam. After this incident, the National Human Rights Commission has shown strictness and sent a notice to the Central and State governments seeking answers.   At least 10 people…

COVID-19 breakthrough: Israel’s Ambassador agrees to share pandemic antibody with the world

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Israel’s Defence Minister, Naftali Bennett said the country has isolated a key coronavirus antibody at its main biological research laboratory. On being asked about the latest breakthrough in COVID-19 antibodies, Ron Malka, Israel’s Ambassador to India said the details of the same are being awaited. He said that although they are at an advanced stage, the processes are yet to be finalised, news agency reported.   Malka told a news agency that India and Israel have gotten closer amid the ongoing crises, with both countries sharing their best practices in combating the COVID-19 pandemic. He also said that once things are finalised,…

India should be spending massively to save people and enterprises

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The most startling lesson from global experience is that shutdowns may be killing almost as many people as the Covid virus. The supposed cure is almost as bad as the disease. The Financial Times, London, analysed excess mortality in March and April — the excess of deaths in these two months compared with the average for five preceding years — for several countries, mostly European. It found excess mortality was a whopping 49%, but Covid caused barely half the excess. Perhaps the non-Covid deaths included some undetected Covid deaths. But…

Zachary Kastenhuber named Manager of Special Projects at Hercules Investments

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 Hercules Investments, a Los Angeles based Registered Investment Advisor and Independent Wealth Advisor, has announced the hire of Zachary Kastenhuber as Manager of Special Projects.   Prior to working at Hercules Investments, Zachary worked for Bank of America Merrill Lynch where he analyzed IPOs underwritten by the firm and assisted with the construction of fixed income portfolios.   Zachary graduated from Harvard College with a concentration in Economics and Sociology. During his time at Harvard, he played inside linebacker for the football team, eventually sustaining a career ending injury. He…

Why Mukesh Ambani is interested in acquiring majority stake in e-pharmacy Netmeds?

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Mukesh Ambani is in advanced talks to acquire a majority stake in Chennai-based online pharmacy Netmeds. Recently, Netmeds tied up with RIL-owned Reliance Retail for supplying essentials like groceries to its customers. Seems Reliance industries is on big position as top technology company, by way of investing in certain company and acquiring the selected ones.   As per the agreement, Reliance, through one of its subsidiaries, may pay $130-150 million for the asset, along with a fresh capital infusion in Netmeds to expand the operations by selling prescription drugs, personal care products,…