Govt to work with RBI to execute bank privatisation announced in Budget : Bulletin: Business Today
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Govt to work with RBI to execute bank privatisation announced in Budget

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Rashi Bisaria | February 8, 2021

Adani Group completes acquisition of 23.5% stake in Mumbai Airport; to hike ownership to 74%

Billionaire Gautam Adani-led Adani Group has completed acquisition of 23.5 per cent equity stake in Mumbai International Airport Limited (MIAL) from Airports Company South Africa (ACSA) and Bid Services Division (Mauritius) Limited for Rs 1,685.2 crore. The Indian multinational conglomerate is set to extend shareholding to 74 per cent in MIAL, a joint venture between the Airports Authority of India and GVK Industries, which would provide the Group ownership of the upcoming Navi Mumbai airport, in which MIAL holds majority stake.

Uttarakhand Glacier Burst : 7 dead, 170 missing, confirms State Disaster Management

Massive flooding from a glacier burst in Uttarakhand's Chamoli district has been reported in the Dhauli Ganga river and Joshimath on Sunday, February 7. The deluge has caused damage to Rishiganga Power Project in Tapovan area. At least seven people have died, six injured and around 170 are missing after the  flood incident according to State Disaster Management Center.

Govt to work with RBI to execute bank privatisation announced in Budget: FM

Finance Minister Nirmala Sitharaman on Sunday said the government will work with the Reserve Bank of India (RBI) for execution of the bank privatisation plan announced in the Union Budget 2021. The FM, however, did not reveal the name of banks chosen for privatisation. Sitharaman also said that the government has no plan to form any bank investment company to house the government stakes in banks.

Oxford COVID-19 vaccine effective against UK coronavirus variant: Study

The COVID-19 vaccine developed by Oxford University and produced by AstraZeneca has shown efficacy against the UK variant of the coronavirus, according to an ongoing study by researchers. Oxford University scientists who developed the ChAdOx1-nCoV19 vaccine have found that it remains effective against at least one of the new variants of the disease, called the B.1.1.7 'Kent' coronavirus strain after the south-east England region where it was first discovered late last year.

Buyers opting for vehicle scrappage policy will get benefits from automakers: Gadkari

Buyers of new vehicles after opting for scrapping of their old and polluting vehicles will be offered benefits under the new policy to phase out old and polluting vehicles, Union minister Nitin Gadkari has said.Terming the policy a boon, the road transport minister said it would lead to a 30 per cent boost to the Indian automobile industry turnover to Rs 10 lakh crore in the years to come.

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