Top headlines from Friday, March 25:
UK FM Rishi Sunak questioned over Infosys’ Russian connection
UK Chancellor of the Exchequer Rishi Sunak, who is also tipped to be the next prime minister of Britain, got targeted by media questions about the Infosys presence in Russia, the Indian software services firm in which his wife Akshata Murty has a share. Read here
NATO to respond if Russia uses chemical weapons in Ukraine: US President Joe Biden
US President Joe Biden has warned Russia that NATO will take action if it uses chemical weapons in Ukraine. The president made the statement during a news conference at NATO headquarters in Brussels. Read here
UP CM Yogi Adityanath elected for second term; swearing ceremony at Ekana Stadium
In complete accordance, UP CM Yogi Adityanath was elected for the second time as Uttar Pradesh’s new Chief Minister. This was decided at the BJP legislature party meeting in Lucknow. UP CM Yogi Adityanath swore in as UP’s new CM elected for the second consecutive time on Friday. Alongside Yogi, present were his deputies Keshav Maurya, Brijesh Pathak. Read here
NCLT declares realty developer Supertech as insolvent
On Friday, March 25, the National Company Law Tribunal (NCLT) declared realty firm Supertech as insolvent, reported PTI. The Union Bank of India had filed a lawsuit in NCLT, against Supertech over non-clearance of dues. Read here
Emami acquires talc powder brand ‘Dermicool’ from Reckitt for Rs 432 crore
The Dermicool is one of the leading brands in the prickly heat powder category. The talc powder is popular for providing a cooling effect in summers & has a high consumer demand. The FMCG giant plans to combine Dermicool with Navratna Cool Talc. Read here
Rakesh Jhunjhunwala backed Akasa Air planning to launch in June
Akasa Air, which is backed by Rakesh Jhunjhunwala, plans to launch its first commercial flight in June, according to Vinay Dube, the airline’s co-founder and CEO. Dube stated at Wings India 2022 that his airline is working with the Ministry of Civil Aviation (MoCA) and the Directorate General of Civil Aviation (DGCA) to complete all necessary processes. Read here
Defence Ministry signs contract with L&T for MPVs worth Rs 887 crore
The Ministry of Defence signed a contract with Indian conglomerate Larsen & Toubro Ltd (L&T) on Friday for the purchase of two multi-purpose vessels (MPVs) for the Indian Navy. Read here
GAIL board meet to be held on March 31 to discuss share buyback
GAIL Ltd, a state-owned company, announced today that its board of directors will meet on March 31 to discuss share buybacks. “The Board of Directors of the Company will meet on Thursday, March 31, 2022, to consider, among other things, the Buy-Back of the Company’s fully paid-up equity shares,” the company said in a filing. Read here
US & European Union announces joint task force to reduce dependency on Russian fuel
Today, President Joe Biden and European Commission President Ursula von der Leyen announced a joint Task Force to reduce Europe’s dependence on Russian fossil fuels and strengthen European energy security as President Putin wages his war of choice against Ukraine. Read here
UGC warns students against Chinese universities offering online degrees
On Friday, the University Grants Commission (UGC) issued a notification against Chinese universities that were issuing notices for admission to various degree programmes. Before enrolling in universities in the People’s Republic of China, students should be aware of the travel restrictions, according to the commission. Read here