The BCCI remains hopeful of conducting the scheduled IPL matches in Mumbai from April 10-25 despite a massive surge in Covid-19 cases in the city and 10 members of the Wankhede Stadium staff testing positive for the deadly virus. With just seven days to go for the clash with Chennai Super Kings, Delhi Capitals too has suffered a blow after left-arm spinner Axar Patel tested positive for the virus, news agency ANI reported. Unfortunately, Axar has tested positive. he is in isolation and following all the protocols, a source close to the development was quoted as saying. Indore and Hyderabad have been kept as stand by venues for the IPL in case the Covid situation spirals out of control. Mumbai is scheduled to host 10 games of the cash-rich league.
At least 10 Indian-Americans, including a former Congressional candidate and a top doctor, are running for local elections in the Chicago area, reflecting the growing desire in the community to be part of the political process. Five of the Indian-Americans running for local elections in the Chicago Land area are women. The elections are scheduled to be held on April 6. Early voting has already started. Community leader Jitendra Diganvker is running for Maine Township highway commissioner to be a voice for taxpayers. Dr Suresh Reddy, immediate past president of American Association of Physicians of Indian Origin or AAPI, is running for a trustee seat in Oak Brook, a city located 15 miles west of the Chicago Loop.
The US stock market finished session higher on Thursday, 01 April 2021, on optimism about a stimulus-fueled economic recovery after President Joe Biden $2.3 trillion infrastructure pitch. Positive sentiment was also generated in reaction to a report from the Institute for Supply Management showing the pace of growth in U. S. manufacturing activity accelerated by much more than anticipated in the month of March.
At the close of trade, the Dow Jones Industrial Average index advanced 171.66 points or 0.52% to 33,153 and the S&P 500 added 46.98 points or 1.18% to 4,020.
The tech-heavy Nasdaq Composite Index added 233.23 points or to 1.76% 13,480.
Microsoft, Apple, Facebook and Google s parent company were among the winners, along with smaller companies, which stand to benefit from a quickly growing economy. Health care, household goods stocks and utilities were the only laggards
Two of the largest city-based realty players the IPO-bound Macrotech Developers, earlier known as Lodha Group, and K Raheja Corp on Wednesday said they would pay for the COVID-19 vaccinations of their employees. These two companies join the select few large corporates which have announced such a move, led by Reliance Industries, which was the first to make the offer to pay for the vaccination of its employees and their family members. Later, HDFC Bank and ICICI Bank, among a few others, also said they would pay for the vaccine shots for their staffers and their families. An official of Macrotech, which is the largest real estate developer by residential sales in the country, told PTI that it directly employs around 2,700 people and around 9,000 who are construction workers, architects, designers and vendors.
Life Insurance Corporation of India (LIC) sold 93.73 lakh equity shares, or 2.012% equity, of Shipping Corporation of India (SCI) between 21 October 2020 to 12 March 2021.
Post sale, LIC held 8.04% stake in SCI from 10.052% held earlier. The transaction was executed as market sale.
SCI s consolidated net profit tanked 55.4% to Rs 131.57 crore on a 30.9% decline in net sales to Rs 841.23 crore in Q3 FY21 over Q3 FY20.
SCI is the largest Indian shipping company. It is the only Indian shipping company operating: break-bulk services, international container services, liquid/dry bulk services, offshore services, passenger services. In addition, the SCI mans and manages a large number of vessels on behalf of various government departments and organizations.