News Highlights: PM Modi wrote a 3-page letter to former VP MV Naidu – Moneycontrol

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August 11, 2022 / 10:45 PM IST

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August 11, 2022 / 10:31 PM IST

McDonald’s to start reopening restaurants in Ukraine

McDonald’s had 109 restaurants in Ukraine, but did not specify how many it planned to reopen. It sold most of its 850 restaurants in Russia to one of its local licensees in May.

 McDonald's to start reopening restaurants in Ukraine McDonald's had 109 restaurants in Ukraine, but did not specify how many it planned to reopen. It sold most of its 850 restaurants in Russia to one of its local licensees in May.

August 11, 2022 / 10:07 PM IST

Heathrow airport says passenger cap has eased travel chaos

Britains busiest airport has capped the daily number of departing passengers at 100,000 until Sept. 11 and asked airlines to stop selling tickets and cut flights, stirring criticism. The cap has cut down on last-minute flight cancellations and improved baggage delivery and on-time planes, Heathrow said in a statement.

 Heathrow airport says passenger cap has eased travel chaos Britains busiest airport has capped the daily number of departing passengers at 100,000 until Sept. 11 and asked airlines to stop selling tickets and cut flights, stirring criticism. The cap has cut down on last-minute flight cancellations and improved baggage delivery and on-time planes, Heathrow said in a statement.

August 11, 2022 / 09:50 PM IST

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Zomato completes acquisition of quick commerce company Blinkit

Zomato had announced the deal in June after its board approved the Rs 4,447 crore transaction to acquire Blinkit. The ancillary business was bought for Rs 61 crore.

August 11, 2022 / 09:45 PM IST

A fire broke out in a hotel in Gujarat’s Jamnagar.

August 11, 2022 / 09:27 PM IST

Adani Group set to invest Rs 57,575 crore in Odisha

Chief Minister Naveen Patnaik, has approved the Adani Group’s proposal to set up two projects – a 4 MMTPA Integrated Alumina Refinery and a 30 MMTPA Iron Ore (Value Addition) Project.

August 11, 2022 / 08:57 PM IST

KL Rahul cleared to play; set to lead Team India in Zimbabwe: BCCI

 KL Rahul cleared to play; set to lead Team India in Zimbabwe: BCCI

August 11, 2022 / 08:49 PM IST

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Satish Kashinath Marathe, S Gurumurthy re-nominated on RBI central board

Additionally, the central Government has re-nominated Revathy Iyer and Sachin Chaturvedi as part-time, non-official Directors on the Central Board of RBI for a further period of four years after completion of their present tenure on September 18, 2022, the central bank said in a press release.

August 11, 2022 / 08:17 PM IST

COVID Update

– Positivity on rise with just 17% coverage in Karnataka. Government urges people to get booster shot

 Mumbai sees drop in daily count; reports 683 new cases, one death

– Nagaland reports 4 fresh cases

– Jammu & Kashmir records 637 new cases and Ladakh tally increases by 12

– Himachal Pradesh reports 349 new cases

August 11, 2022 / 08:01 PM IST

Xiaomi Mix Fold 2 launched with Lecia Cameras

The Xiaomi Mix Fold 2 succeeds last year’s Mi Mix Fold and features a larger display than the Galaxy Z Fold 4. Xiaomi also leveraged its partnership with Lecia for the new model. It is priced at CNY 8,999 (Roughly Rs 1,06,200) in China for the base 12GB/256GB model.

 Xiaomi Mix Fold 2 launched with Lecia Cameras The Xiaomi Mix Fold 2 succeeds last year’s Mi Mix Fold and features a larger display than the Galaxy Z Fold 4. Xiaomi also leveraged its partnership with Lecia for the new model. It is priced at CNY 8,999 (Roughly Rs 1,06,200) in China for the base 12GB/256GB model.

August 11, 2022 / 07:38 PM IST

Loan write-offs and freebies are not the same. They shouldn’t be equated.

Freebies have once again taken the centre stage in public discourse as Prime Minister Narendra Modi made multiple remarks against the practice in recent days. In response, his critics have been highlighting the loan write-offs made by banks in recent years and dubbing them as ‘freebies for corporates’. Read More

August 11, 2022 / 07:22 PM IST

India to be the fastest growing economy this year

While inflation continues to be above the comfort zone, the economy has continued on its recovery path, supported by pent-up demand for services and higher industrial output. The government, a source said, is taking continuous steps and engaging with the RBI to bring down inflation. Inflation has stayed above the upper tolerance limit of 6 per cent for six straight months.