IndiGrid’s Q1 FY21 EBITDA at Rs 3, 290 mn grew 74 percent YoY on the back of steady acquisitions while its revenue at Rs 3,611 mn rose by 78 percent during the same period. Its distribution payout was at Rs 3.00 per unit despite COVID-19- related uncertainties, the firm said in its results update. Its Net Debt/AUM at 50 percent as of June 30 was significantly below the 70 percent cap as per SEBI InvIT regulations, it added. … [Read more...] about Exclusive: Indigrid sponsor Sterlite launches unit sale to raise up to Rs 850 crore
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The allegations against the draft EIA 2020 are true, and its nationwide condemnation is justified. However, the 2020 draft is merely the latest — and worst — in a series of laws that view democracy and environmental protection as impediments to the ease of doing business. Scrapping this draft is essential, but not sufficient to cure India’s malaise. Indian environmental governance is characterised by a dangerously relaxed attitude to scientific rigour and integrity, and a disdain for public participation. … [Read more...] about Scrapping EIA 2020 not enough to save India
The Telangana government is following and adapting to evolving COVID-19 treatment methods and protocols, Rao reportedly said. “This is a two-week disease. Full recovery is possible in two weeks. Symptomatic treatment in the first week, along with HCQ tablets, is giving good results. The government is keeping all its doctors across the state updated on the protocols. Using these methods, we are controlling the death rate from the disease in the state,” Rao added. … [Read more...] about Coronavirus Update | COVID-19 cases in Hyderabad to fall by August-end, says health official
So far, regulations that allow a grace period for payment do not categorise this event as default. MFs have been active this time to write down the delayed amount in NAV values. It remains to be seen whether Dewan group can pay for the shortfall or it becomes another IL&FS saga. … [Read more...] about DHFL Crisis: With mutual funds on wait-and-watch for payments, will SEBI step in?
In a bid to boost passenger demand amid the novel coronavirus pandemic, Emirates has come up with a new strategy -- coronavirus insurance. The Dubai-based airline has said that if passengers contract COVID-19 during their journey, it will pay for medical expenses up to €150,000 (Approx Rs 1,31,62,000). … [Read more...] about This airline will pay for medical expenses, quarantine costs for free if you catch COVID-19 during travel