Photo: Shirish Nadkarni Great Eastern Shipping Co and the London-based Foresight Group are among the leading names that have put in bids to buy national carrier Shipping Corporation of India (SCI), which has been put up for sale by the Indian government.
India’s Cabinet had, in November 2019, given an in-principle approval for the strategic divestment of its entire 63.75% equity stake in SCI, and also its shareholding in rail-borne cargo carrier, Container Corporation of India (CONCOR). However, the swift spread of the worldwide Covid-19 pandemic delayed the disinvestment process.
Indian Finance Minister Nirmala Sitharaman, said in her Budget speech for 2021-22, had said that a number of disinvestment transactions for Bharat Petroleum Corp Ltd (BPCL), Air India, Shipping Corp of India, Container Corp of India, IDBI Bank, BEML, Pawan Hans and Neelachal Ispat Nigam, among others, would be completed in fiscal 2021-22.
Tropical Cyclone Ana
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A family of six from Soasoa Labasa are counting their lucky stars after they escaped unharmed when a landslide moved their house by almost 10 metres during the heavy rain brought by TC Ana.
Kamlesh Kumar says his parents, brother, sister-in-law and 2 nieces managed to move out of the house moments before the incident.
Kumar says at around midday Sunday, his family could feel something was about to happen as they could feel their house moving.
He adds they didn’t take any risk and moved out immediately.
The family is currently living with other relatives as they wait for things to normalise before they start repair works.
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Ludhiana: Khanna police booked three members of a family and a villager after the tenant of the former ended his life by consuming a poisonous substance in Jatana village, alleging harassment by them.
Deceased Parminder Singh also made a video before ending his life. The accused Harmail Singh, his wife Narinderpal Kaur, son Parvinder Singh and villager Pardeep Singh are residents of Jatana village.
In her statement to the police, Harjeet Kaur, wife of the deceased, said she married Parminder Singh in 1999 against his family’s wishes and so they were not given share in property. Twelve years ago, they started living at Harmail Singh’s house in Jatana village on rent.