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Khadi products in India: Khadi is set to get a boost in India! On the occasion of Independence Day 2021, Khadi and Village Industries Commission (KVIC) under the Government of India tied up with Indian Oil, and for the first time, opened four sales outlets for the commission The announcement was made on Twitter by KVIC Chairman Vinai Kumar Saxena, who said that the development marked a new beginning for the sales promotion of Khadi products. The outlets were inaugurated on August 15, 2021, and are located in Rudrapur, Ahmedabad, Aurangabad and Pune. Khadi is an important part of the history of India. It marked a key point in the freedom struggle against the British, when Indians started boycotting clothes being brought in from foreign lands and instead chose to wear indigenous Khadi. To this day, Khadi remains a big symbol of national freedom and of indigenous cloth. The KVIC is meant to look after the development of Khadi as well as other village industries in rural areas, and they work in tandem with numerous other agencies that are involved in the development of rural India. The sale and promotion of Khadi and other village products also comes under the purview of KVIC. A day before the inauguration of sale outlets in petrol pumps, KVIC also opened sale outlets at a whopping 50 railway stations across the country. The inauguration of the stalls, which had been opened by KVIC in collaboration with Indian Railways, was carried out on August 14, and it marked the expansion of the reach of Khadi products in the country. The outlets were opened at major stations like Mumbai, Kolkata, New Delhi, Ernakulam, Jaipur, Ahmedabad and Bhopal among many others. Not only that but on August 16, the commission also held a Khadi Exhibition cum Sale stall at the Hazrat Nizamuddin Railway Station to promote Khadi products.
Another spell of rain pounded Delhi on Thursday morning, worsening the waterlogging problem in some areas and plunging road traffic into chaos. The capital has recorded 229.8 mm rainfall since Tuesday morning, surpassing the September average of 129.8 mm precipitation by a big margin. Usually, it gauges only 16.7 mm rainfall on the first two days of the month. According to the India Meteorological Department (IMD), Delhi recorded 117.7 mm rainfall in 24 hours ending at 8:30 am on Thursday, the highest on a day in September in 19 years. This is the second day on the trot that the capital recorded more than 100 mm rainfall in a day. The city had gauged 112.1 mm rainfall in 24 hours ending at 8:30 am on Wednesday which submerged several areas, including the diplomatic enclave of Chanakyapuri and commercial hub of Connaught Place, in knee-deep water and disrupted rain and road traffic. The capital had recorded 126.8 mm rainfall on September 13, 2002.The all-time record is 172.6 mm rainfall on September 16, 1963. The incessant rains submerged roads, residential areas, schools, hospitals, and markets in knee-deep water and affected the movement of around 25 trains on Wednesday. Municipal corporations in Delhi reported 21 incidents of uprooting of trees. On Thursday morning, the situation worsened at some places due to standing water. IMD officials said the intensity is likely to reduce and another spell of rain is expected from September 7. The next spell may see Delhi breaking records for monthly (September) rainfall, an official said. Asked if the India Meteorological Department (IMD) expected such heavy rainfall, an official said it is difficult to make precise predictions for a small area like Delhi two to three days in advance. The predictions are for larger areas, such as Haryana and Punjab. This applies across the world, he said. IMD officials said the Safdarjung Observatory, considered the official marker for the city, gauged 117.7 mm rainfall in the 24 hours ending 8:30 am on Thursday, the highest on a day in September in 19 years. The weather stations at Lodhi Road, Ridge, Palam and Ayanagar recorded 133.6 mm, 68.4 mm, 108.2 mm and 56.2 mm rainfall, respectively, in the 24 hours ending 8:30 am. Rainfall recorded below 15 mm is considered light, between 15 and 64.5 mm is moderate, between 64.5 mm and 115.5 mm is heavy, between 115.6 and 204.4 is very heavy. Anything above 204.4 mm is considered extremely heavy rainfall. In its forecast for the month of September, the IMD said, Normal to below normal rainfall is most likely over many areas of northwest. Mahesh Palawat, Vice President, Skymet Weather, a private forecasting agency, said the monsoon pattern is changing due to climate change. The number of rainy days has reduced over the last four to five years, and there has been an increase in extreme weather events, he said. We have been recording short and intense bouts of rain, sometimes around 100 mm rainfall in just 24 hours. In the past, this much precipitation would occur over a period of 10 to 15 days, he said. Weather experts said such spells of rain do not help recharge groundwater and lead to flooding in low-lying areas. The water percolates in the ground if it rains slowly over four to five days. In case of heavy falls, the rainwater runs off quickly, Palawat said. The rain washes away pollutants, but since the number of rainy days has reduced, the average annual air quality is also getting affected, he said. Overall, Delhi has recorded 986.2mm rainfall since June 1, when the monsoon season starts, which is 82 percent more than normal. The city recorded just 10 rainy days in August, the lowest in seven years, and a cumulative rainfall of 214.5 mm, lower than the average of 247 mm. In July, the national capital gauged 507.1 mm rainfall, which was nearly 141 per cent above the long-period average of 210.6 mm. It was also the maximum rainfall in the month since July 2003, and the second highest ever. Despite the monsoon embracing Delhi only on July 13, making it the most-delayed in 19 years, the capital had recorded 16 rainy days in the month, the maximum in the last four years. It received 34.8 mm rainfall against the normal of 65.5 mm in June.
Tata Consumer Products Ltd (TCPL) on Tuesday said it has extended its water portfolio to the UK market with the launch of its premium natural mineral water brand Himalayan Water. This is the first water brand to be launched by TCPL in the UK, said a statement from the Tata Group FMCG firm. Initially, Himalayan Water will be available online only and distribution will be expanded gradually, it added. The UK launch is in line with the companys strategy to cross leverage its brands across markets and maximize brand potential, the company said. Himalayan Water in the UK is carbon negative and water positive and uses fully recyclable packaging, said TCPL adding its bottling facility in the Shivalik Range in the Himalayan mountains uses 100 per cent renewable energy. Commenting on the development, TCPL Managing Director and CEO Sunil DSouza said Himalayan Water is a brand with significant potential. The brand is well known in India and launching it in the UK will help us cross-leverage and augment our beverage portfolio in one of our key international markets, it added. TCPL, (earlier Tata Global Beverages Ltd) was renamed after merger of the consumer products business of Tata Chemicals, with an ambition to become a leading FMCG player. The company, which owns Tata Tea, Tetley, Tata Salt, Eight OClock Coffee, Himalayan Water and emerging brands like Tata Sampann, Tata Soulfull, Tata Gluco Plus and Tata Water Plus, is present in over 40 countries across the world.
JEECUP UPJEE 2021 Admit Card: The Joint Entrance Examination Council Uttar Pradesh (JEECUP) on Wednesday released the Uttar Pradesh Joint Entrance Examination (UPJEE) 2021 admit cards. Applicants can download their UPJEE 2021 Admit Card from the official website. UPJEE 2021 Admit Card Download: Candidates will be able to download their UPJEE 2021 Admit Card for Engineering (Group A), Others and lateral entry (Group B through to K), Pharmacy (Group E1, E2) through the official website. How to Download UPJEE 2021 Admit Card: Candidates will need to log in to the JEECUP official website. There will be three links on the home page Students will have to click on the link that applies to them, which will then redirect them to a page where they will need to provide their application number, password, and security pin. Once the required fields are filled and submitted, the admit card will appear on screen. Students will be able to download the admit card and print it out. It is imperative that the admit card is thoroughly checked as it will be mandatory while sitting for the UPJEE Polytechnic examination. UPJEE 2021 Date: The UPJEE Polytechnic examination is scheduled to be held over five days from August 31 to September 4. The exam will be held in the Computer Based Test (CBT) mode in three shifts. UPJEE 2021 Result: The result of UPJEE Polytechnic 2021 will be declared within 10 days. This score will include the actual marks obtained along with qualification status for the UPJEE (Polytechnic) counselling. JEECUP will offer candidates admission on the basis of their choice, reservation, and State Open Rank through a seat allocation process. The candidates can choose their branches and institutes online.
Japans COVID-19 vaccination push suffered a blow from widening reports of contamination in supplies of Moderna Incs vaccine. Here are key aspects of the concerns. WHEN WAS IT FIRST REPORTED AND HOW HAS IT WIDENED? The first contamination was reported to Modernas local distributor, Takeda Pharmaceutical Co, on Aug. 16. That led to the discovery of 39 vials containing foreign material, all from the same lot of 57,000, or about 570,000 doses. On Aug. 26, Japan said that, as a precaution, it had halted use of 1.63 million Moderna doses shipped to 863 vaccination centres nationwide. It suspended the use of lot 3004667 that included those vials and two similarly sized lots – 3004734 and 3004956. On Sunday, a vaccination centre in Okinawa prefecture reported finding contaminants from a fourth lot, 3005293. Black substances were spotted in syringes and a vial, with pink substances found in another syringe, the health ministry said. A vaccine centre in Gunma prefecture near Tokyo found a tiny, black substance in a vial from lot 3005236. Regional authorities temporarily halted use of the affected lots from Okinawa and Gunma. Later, the health ministry and Takeda said there were no safety concerns and no suspension of use was necessary. The Okinawa cases were probably caused by needles being incorrectly inserted into vials, breaking off bits of the rubber stopper, Health Minister Norihisa Tamura told reporters on Tuesday. WHAT ARE THE CONTAMINANTS? The contaminants that triggered suspensions of the first three lots are believed to be metallic particles, public broadcaster NHK said, citing health ministry sources. The ministry has not officially identified the particles, pending an investigation by Takeda, Moderna, and its Spanish contract manufacturing partner Rovi. The firms have also yet to comment on what the foreign material is. IS THERE A SAFETY ISSUE? Japan and Moderna have said no safety issues were identified. Two men, aged 38 and 30, died this month within days of receiving their second Moderna doses, the health ministry said on Saturday. Each had a dose from one of the suspended lots, 3004734. The causes of death are being investigated. Each had a fever the day after his second dose and died two days after getting the fever. There has been no evidence of contaminants in their shots, a health ministry official told reporters. By Aug. 8, 991 people had died in Japan after receiving COVID-19 shots from Pfizer\/BioNTech, and 11 after receiving Modernas. No causality has been established between the injections and deaths, according to the health ministry. About 500,000 people have had shots from the first three suspended batches, Taro Kono, the minister in charge of the vaccine push, told reporters on Friday. ARE OTHER COUNTRIES ALSO AFFECTED? Rovi, which packages Moderna vaccines for markets other than the United States, said last week the batch in question was meant for distribution only in Japan. South Korea, which also receives the Moderna vaccines produced from sites in the United States and Spain, said it was not affected. Last week, the European Union drugs regulator said it was investigating the incident but an initial assessment yielded no reason to seek a temporary suspension of production.
The African Unions COVID-19 envoy says vaccine doses produced by a plant in South Africa will no longer be exported to Europe after the intervention of South Africas government. Strive Masiyiwa told reporters Thursday that South African drug manufacturer Aspen, which has a contract with Johnson Johnson to assemble the ingredients of its COVID-19 vaccine, will no longer ship vaccine doses out of the continent and that millions of doses warehoused in Europe will be returned to the continent. He said the issue had been Masiyiwa said the Aspen product will be Johnson Johnson was criticised heavily for shipping doses to countries in Europe, which have already immunised large numbers of their people and have even donated vaccines to more needy countries. Africa has fully vaccinated under 3% of its 1.3 billion people. Vaccine production within the continent is seen as key to meeting the stated target of vaccinating 60% of the people. The continent has reported more than 7.8 million cases, including 197,150 deaths.
HDFC Life Insurance Share Price Today: HDFC Life Insurance Company on Friday announced the acquisition of Exide Life Insurance Company for Rs 6,687 crore. 7 crore) shares at an issue price of Rs 685 per share and a cash payout of Rs 726 crore aggregating to Rs 6,687 crore, Investors weren55 per share. HDFC Life is the biggest listed private insurance company in terms of market capitalisation. HDFC Life said that the acquisition will accelerate the growth of its agency business. Further, a good quality, predominantly traditional and protection focussed business, will augment the existing embedded value of HDFC Life by approximately 10%, HDFC said that the embedded value of Exide Life, as on June 30, 2021, is Rs 2,711 crore, as reviewed by its advisory firm. JM Financial Limited and Ambit Private Limited provided fairness opinions to the Boards of HDFC Life and Exide Industries respectively. Stock talk HDFC Life share price was trading at a low of Rs 728.55 per share on Friday morning, tanking over 3% during the initial hours of trade. Exide Industries on the other hand was up 9%, trading at Rs 194.5 per share. Previously, domestic brokerage and research firm ICICI Direct gave a Currently, stock regained upward momentum after forming a higher base above 52 weeks EMA as seen during October 2020. Thereby offering fresh entry opportunity to resolve higher and eventually shift in a new orbit, The brokerage firm has a target price of Rs 778 on the stock. JM Financial also had a Analysts at JM Financial had said that they believe strong growth and improvement in post-overrun margins will complement better-operating metrics leading to healthy operating ROEV of ~19% for HDFC Life. They value HDFC Life at 4.4x FY23E EV, implying a target price of Rs 800 apiece. The process for the merger of Exide Life into HDFC Life Insurance will be initiated on completion of the acquisition. The entire process, including the acquisition and subsequent merger, is subject to obtaining the relevant regulatory and other approvals. (The stock recommendations in this story are by the respective research and brokerage firms. Financial Express Online does not bear any responsibility for their investment advice. Please consult your investment advisor before investing.)
State Bank of India on Wednesday raised Rs 4,000 crore through Basel-III compliant Additional Tier -1 (AT-1) bonds, at a coupon rate of 7.72%. This is the first AT-1 Bond issuance in the domestic market post the new regulations of the Securities and Exchange Board of India (Sebi). The issue by the state-owned lender got bids worth Rs 10,000 crore, as against Rs 1,000 crore as base issue size and Rs 3,000 crore as retain over-subscription option. This indicated that demand for the bank The bonds have a pay-in date on September 3. AT-1 bonds are type of unsecured, perpetual bonds issued by banks to shore up their core capital base to meet the Basel-III norms. The AT1 bond issued by the state-owned lender has a call option on September 3, 2026, or any anniversary date thereafter, subject to tax call or regulatory call. The first coupon payment shall be made on September 3, 2022, and every year thereafter, till the redemption. In a press release, the bank said it had a AAA credit rating from local credit agencies and the AT-1 offering was rated AA+, which happened to be the highest rating for these instruments in view of their hybrid and high-risk nature. Before this bond issue, Axis Bank and HDFC Bank had tapped the overseas debt market to raise funds through AT-1 bonds. Recently, HDFC Bank raised around $1 billion from overseas markets. Earlier this year, Sebi had amended the valuation rule of perpetual bonds. The deemed residual maturity of Basel-III AT-1 bonds would be 10-year until March 31, 2022. The market regulator also said from April to September 2022, it would be valid at 20 years and from October 2022 to March 2023, it would have a life span of 30 years. From April 2023, the residual maturity will be 100-year from the date of issuance of the bond.
India which has been at the forefront in developing a Maritime Domain Awareness network in the Indian Ocean Region (IOR) recently conducted bilateral naval exercises with Morocco and Algerian navies. According to the Indian Navy, last week from August 25-26, INS Tabar, as part of her overseas deployment, made a port call at Casablanca in Morocco. INS Tabar participated in a Maritime Partnership Exercise with The two navies focused on replenishment at sea procedures and naval manoeuvres as well as communications during the day long exercise before concluding with traditional `Steam Past On August 29, INS Tabar, which was on a goodwill visit to Europe and Africa then participated in a Maritime Partnership Exercise with Algerian Navy ship The exercise which included co-ordinate manoeuvring, communication procedures helped the two navies focus on interoperability between the two navies. It also helped them know the concept of operations which is followed by each side and also opened the possibility of more interaction and collaboration among them. The naval exercise with Algeria is very important for India as it is strategically located in the Maghreb region and is the largest country of Africa. India and Africa Also enhanced synergy between regional navies and coast guards through exercises. An inclusive regional maritime security infrastructure has been set up with the participation of the island states which are strategically located and there are constant interactions at the operational level. And to monitor the activities in the IOR, a robust information sharing mechanism has been set up by India. And efforts have been made to encourage African participation in various multilateral frameworks in the IOR. An Indian- led initiative Indian Ocean Rim Association (IORA), is headquartered in Mauritius and has eight African members including the strategic island states like Madagascar and Comoros. Integrated Maritime Strategy 2050 of the African Union The vision statement states, This can be done by developing a sustainable thriving blue economy in an environmentally sustainable and secure manner
Subodh Uniyal, Minister of Agriculture and Farmers Welfare, Uttarakhand recently launched Vegetarian Omega-3 supplement under the brand name RuVega RuVega RuVega These capsules will be manufactured and marketed by Rusan Pharma and will be made available at all major pharmacies and e-pharmacies. These capsules will be available on major online-pharmacies like 1mg, Pharmeasy and Netmeds. The CAP, Government of Uttarakhand made the initial discovery and was able to extract the Omega 3, 6 and 9 fatty oils from the extracts of the Perilla Plant. After extensive research of 10 years, CAP received the US patent and partnered with Rusan Pharma to develop the finished formulation and market the product in India. Speaking on this revolutionary invention in the field of Aromatic Plants, Dr. Chauhan, Director, CAP, Government Of Uttarakhand, Dehradun, said, However, the folks were not aware of the nutraceutical and medicinal properties of the perilla plant. Research evidence suggested that perilla plants are rich in source of Omega-3, 6 and 9 Fatty Oils. Thus, CAP scientists carried out a detailed research program for the cultivation of perilla plant by collecting seeds from 12 different locations. Our vision was to develop a high yielding variety of seeds so that local residents can get the commercial benefits and mankind can get the health benefits of the perilla plant. Navin Saxena, Chairman, Rusan Pharma, said, However, with the technology shared by CAP, scientists of Rusan Pharma have been able to formulate a 100% plant based vegetarian Omega-3 capsule The product has multiple benefits for overall wellness. RuVega Most importantly, RuVega Rusan Pharma is a fully integrated global pharmaceutical company specializing in the treatment of addiction and pain Management. The wide-range of de-addiction and pain management drugs by Rusan Pharma are well recognized across the globe. Rusan Pharma is also one of the largest suppliers of life saving drugs to various International organizations like NACO, UNODC, UNOPS, Global Fund and ministries of health in various emerging markets.