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Automatic Coach Washing Plants: Indian Railways takes eco-friendly step to reduce time, water and man power to complete the washing process of trains! The Western Railway zone has said that it has always encouraged greener and eco-friendly technology in various ways, be its efforts through Indian Railways Push and Pull project or through installation of solar panels in order to save energy and conserve the environment. In continuation to these eco-friendly efforts, two Automatic Coach Washing Plants (ACWPs) have been commissioned by the Western zonal railway recently at Bandra Terminus Coaching Depot and Gandhidham Coaching Depot. The ACWP helps in reducing water, time as well as man power to complete an entire trains washing process effectively. According to a statement issued by Western Railways, due to these plants automation and efficiency, it is expected that the move will lead to savings of an estimated amount of Rs 50 lakhs per year in external washing cost for the coaching depots. According to Western Railways, the Automatic Coach Washing Plants at Gandhidham Coaching Depot and Bandra Terminus Coaching Depot have automatic tracking of train movement as well as washing speed of 5 to 8 km per hour. The ACWP requires a maximum of 60 litres of fresh water per coach, which is 80 per cent less as compared to manual washing of coaches. The plants intake of fresh water is only 20 per cent, besides 80 per cent of water utilized for train washing is recycled in each washing cycle, the zonal railways further stated. The newly commissioned Automatic Coach Washing Plants are extremely efficient in utilization of water and time since the end-to-end cycle time for washing a train of 24 coaches is just merely 10 minutes. The Automatic Coach Washing Plant commissioned at coaching depots is an eco-friendly and cost-effective option and also, its a great step towards automation in maintenance of trains, the Western Railway added.
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Prices of petrol and diesel were cut by oil marketing companies on Wednesday after a seven-day hiatus. Today, petrol in the national capital costs Rs 101.34 per litre, down 15 paise from yesterday. Diesel in the capital city is retailing at Rs 88.77 per litre, a 15 paise drop from yesterday. Petrol and diesel price were left unchanged for 35 days earlier last month. Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise the fuel prices daily in line with benchmark international price and foreign exchange rates. Mumbai39 per litre, down 13 paise from yesterday. Diesel in the country33 per litre, down 15 paise. The divergence in prices between Delhi and Mumbai is due to various local VAT factors in different cities. Petrol and Diesel prices are fixed on the basis of freight charges, local taxes, and VAT. Petrol has crossed the Rs 100-a-litre mark in Delhi, Rajasthan, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana, Karnataka, Jammu and Kashmir, Odisha, Tamil Nadu, Ladakh, and some cities of Bihar and Punjab. Petrol, diesel prices in Chennai, Kolkata, Bengaluru, Hyderabad, UP, Punjab, Haryana, Pune -Chennai: Petrol prices 08 per litre; Diesel prices 38 per litre -Kolkata: Petrol prices 72 per litre; Diesel prices 84 per litre -Pune: Petrol prices 95 per litre; Diesel prices 44 per litre -Bengaluru: Petrol prices 84 per litre; Diesel prices 19 per litre -Hyderabad: Petrol prices 40 per litre; Diesel prices 84 per litre -Noida (UP): Petrol prices 65 per litre; Diesel prices 34 per litre -Mohali (Punjab): Petrol prices 51 per litre; Diesel prices 84 per litre -Chandigarh: Petrol prices Rs 97.53 per litre; Diesel prices 48 per litre -Gurugram (Haryana): Petrol prices 07 per litre; Diesel prices 46 per litre Crude Oil price Crude oil price was holding steady on Wednesday morning, ahead of the OPEC+ meeting, later in the day. According to Reuters, Brent crude futures were trading at $71.70 per barrel while the U.S. West Texas Intermediate futures traded at $68.57 a barrel.
The Reserve Bank of India (RBI) is working with the government to enable international settlement of transactions in government securities (g-secs), RBI governor Shaktikanta Das said on Tuesday. The move will enable non-resident Indians to invest in g-secs, the RBI governor said, speaking at the 21st annual conference of the Fixed Income Money Market and Derivatives Association of India and Primary Dealers RBI, together with the government, is making efforts to enable international settlement of transactions in g-secs through international central securities depositories, that is, ICSDs, Once operationalised, this will enhance access of non-residents to the g-sec market as will the inclusion of Indian g-secs in the global bond indices, for which efforts are ongoing, he added. The governor said as part of the road map for the gradual restoration of the variable rate reverse repo (VRRR) auction as the main operation under the revised liquidity management framework, RBI will conduct This will be aimed at facilitating the process of markets settling down to regular timings and functioning and the normalisation of liquidity operations. The process will help manage unanticipated and one-off liquidity flows so that liquid conditions in the system evolve in a balanced and evenly distributed manner, Das said. He emphasised the need to develop a yield curve that is liquid across tenors, observing that secondary market liquidity, as measured by turnover ratio, is found to be relatively low on several occasions. It also tends to remain concentrated in a few securities and tenors. To a certain extent, this is a result of the market microstructure in India, dominated as it is by the buy-and-hold and long-only investors, The governor said liquidity in the g-sec markets tends to dry up during periods of rising interest rates or in times of uncertainty. While the market for special repo facilitates borrowing of securities, it is worthwhile to consider other alternatives that ensure adequate supply of securities to the market across the spectrum of maturities, Das said. He referred to past discussions on the introduction of securities lending and borrowing mechanism (SLBM). They were held with a view to augment secondary market liquidity by incentivising buy-and-hold-type investors such as insurance companies and pension funds to make available their securities to other market participants. Das urged for a continuation of discussions on the matter as part of overall market development. Das said this is an opportune time to consider new instruments to facilitate hedging of long-term interest rate and reinvestment risk by market participants such as insurance companies, provident and pension funds and corporates. The only major liquid product, however, continues to be the Mumbai Interbank Offer Rate (MIBOR) based Overnight Indexed Swaps (OIS) market,
By Nagaraj Shetti After showing an excellent upmove in the last couple of sessions, Nifty slipped into profit booking from the new highs on Wednesday and closed the day lower by 55 points. After opening on a positive note, the market has shifted into further upside in the early-mid part of the session. It later made an attempt to show upside recovery from the lows in the mid part, but was able to sustain the recovery and closed near the lows. Having moved up sharply recently, the present consolidation\/weakness could be considered as a buying opportunity in the market. Nifty on the intraday timeframe like 60 min is showing a range bound action with weak bias. There is an absence of any sharp selling from near the highs. The intraday support of 10 period EMA and 20 period EMA are intact. Though Nifty declined on Wednesday, the overall market breadth was on the positive side and broad market indices like mid cap and small cap of NSE exchange have closed higher by 0.75% and 0.34% respectively. This is positive indication. The short term uptrend in the market remains intact. although Nifty declined from the highs, still there is no formation of any significant reversal of present uptrend in the market. The consolidation\/minor weakness could continue in the next 1-2 sessions, before showing upmove from the lows. Immediate support is placed at 16950 levels. Stock Picks:50) We observe a formation of consistent higher high formation on the weekly chart and the recent swing low of Rs 275 of mid part of Aug-21 could be considered as a new higher bottom of the sequence. The volume and weekly 14 period RSI indicate positive outlook ahead. Buying can be initiated in PNC Infratech Ltd at CMP (340.50), add more on dips down to Rs 325, wait for the upside target of Rs 375 in the next 3-4 weeks. Place a stoploss of Rs 315. Buy SOBHA Ltd – (CMP Rs 679.70) This week saw an excellent upside breakout of the range and the stock price is now placed to move above the hurdle of Rs 680 levels. Volume has expanded during upside breakout in the stock price and weekly DMI\/ADX signal further strengthening of upside momentum ahead. Buying can be initiated in SOBHA Ltd at CMP (679.70), add more on dips down to Rs 652, wait for the upside target of Rs 750 in the next 3-4 weeks. Place a stoploss of Rs 630. (Nagaraj Shetti is a Technical Research Analyst, HDFC securities. Views expressed are the authors won. Please consult your financial advisor before investing.)
Siddharth Shuklas fans, co-actors and colleagues from the entertainment industry are not able to process the sad news about the young actors demise. Bigg Boss 13 winner Siddharth Shukla succumbed to a major heart-attack this morning at a young age of 40 casting a huge cover of pall over the Bollywood industry. Veteran actor Manoj Bajpayee took to twitter to express his condolences and wrote that words will fail to describe the sense of loss and despair the actors family members must be experiencing. Bajpayee wrote that he was utterly shocked to hear the sad news and condoled the departing soul. Actor Shweta Tiwari who had also come to the centre-stage of the entertainment industry by her Bigg Boss win wrote that the news was heart-breaking. Famous singer and music composer Armaan Malik expressed grief over the actors death and wrote that he was unable to process the news. Comedian Kapil Sharma also shared his grief from his twitter account and wrote that the death of the young actor was shocking and heart-breaking. Rueing the death of the actor at such a young age, actor Raveena Tandon wrote that Shukla had attained huge success and fame at a young age and hopelessly hoped that the news was not true. Actor Nimrat Kaur also condoled the death of the actor and said the news was deeply distressing and offered her condolences to the actors family members. Actor Riteish Deshmukh wrote that the actor was loved by millions of his fans and his absence will be deeply missed in the industry. Actor Ranvir Shorey also rued the death of the actor and wrote that he was shocked to hear the news and said that life was extremely unpredictable. Actor Siddharth Shukla had earned the fandom among millions of his fans step by step by acting in a number of daily soaps including Balika Vadhu, Bigg Boss before eventually breaking it on the big screen in Alia Bhatt and Varun Dhawan starrer Humpty Sharma ki Dulhaniya. The actor who was also a fitness enthusiast and gym freak had also worn the hat of a successful host at a number of award ceremonies and industry events.
Khatabook, the fintech start-up which provides digital ledger app for small businesses, has raised a fresh $100 million in funding led by Tribe Capital and Moore Strategic Ventures at a valuation of nearly $600 million. The investment, which is part of the companys series C financial round, has also been backed by a clutch of other investors, including Alkeon Capital, B Capital Group, Sequoia Capital, Tencent, RTP Global, Unilever Ventures and Better Capital. Angel investor and entrepreneur Balaji Srinivasan and start-up investor Sriram Krishnan participated as independent investors in the round, the company said in a statement on Tuesday. The firm said that it is buying back $10 million worth of ESOPs to acknowledge and reward employees, ex-employees and early investors who contributed to the start-up Eligible employees will be able to sell as much as 30% of their vested options. Khatabook has also expanded its ESOP pool to $50 million. Founded in January 2019, the start-up builds tech solutions for small and medium businesses. Its flagship Khatabook app enables businesses to digitally record the credit they extend to customers. To digitise end-to-end business processes for MSMEs, the company also launched Pagarkhata, a staff and salary management platform. Khatabook is available in 13 languages and claims to have over 10 million monthly active users across platforms. The firm said that its footprint reaches in almost every Indian district. The fresh capital will be used to build a bouquet of financial services besides expanding its talent base. The company that currently employs over 200 staff will accelerate hiring, especially in the engineering, product, design, analytics and data science functions. Now that we have created a widely accepted digital platform, the next step will be digitally-enabled financial services for small businesses, The financial services on the Khatabook platform will digitally foster lending, payment and deposits-related efficiencies in the ecosystem, the firm said. As more MSMEs opted for technology solutions, Khatabook experienced 150% y-o-y growth in FY21, the company claimed.
Birth of Calcutta: August 24 inevitably brings with itself the discussion and debate around the birth of the city of Calcutta and its age, even as a 2003 judgement by the Calcutta High Court was sufficient to have settled any dispute in this regard. Yet, the issue of when the city was founded and what role did Job Charnock, often credited as the What do we know about the birth of Calcutta and what did the High Court say in its historic judgement? Let The Calcutta High Court deliberated on the matter for months before saying that Charnock should not be regarded as the founder of the city. It also directed the government of West Bengal to stop associating Job Charnock in this regard by removing textual references and by not celebrating August 24 as the birthday of the city. It added that the city did not have a birthday. Claiming any day as the birthday of the city meant disregarding the early settlement years, especially because Charnocks arrival in the city was predated by settlements there. The report cited JNU History Professor Partho Datta as saying that historians did not consider any particular date as the birthday, mainly because a city cannot be formed in a day. Datta added that the date of Charnock He further said that a city denoted a lot of people living together, and there being institutions, a government, cultural as well as economic activity which attributed urban aspects to the city, demarcating it from a rural settlement. If the urban history of the city is to be considered, then as per Datta, the most significant development took place in 1756, over six decades after Charnock landed in Calcutta. In 1756, when the British East India Company was developing what is now known as Fort William without authorisation, Nawab of Bengal Siraj ud-Daulah laid siege to Calcutta, defeating the East India Company in a decisive battle. This led to the British realising the vulnerability of the fort, and when the structure was rebuilt after 1757, Datta said that it had enhanced protection and the construction was done exceptionally well. This, as per Datta, changed what Calcutta looked like. While building this fort, the British East India Company needed labourers and they went as far as Bihar and Orissa to recruit poor people who were seeking jobs. These people then migrated in order to build the fort. To accommodate the labourers, the British set up the This led to migration into the city from the Some other important developments in the city The commission was tasked with the development of streets, lanes and roads in the city. As per Datta, markers like water supply, planned roads, and transport were important markers of urban development that took place in the early 19th century, and this could be credited for making Calcutta the great city it would eventually become.
Aditya Swamy, director of Google India joins the board and Sandeep Bhushan, head of India global marketing solutions at Facebook, will be a special invitee to the board of The Advertising Standards Council of India (ASCI). As advertisers As the digital advertising space is rapidly expanding around the globe, India especially shows a lot of promise. According to Dentsu4% in 2021. And while television remains the most popular medium for advertising, its growth was only 7.7%, which goes to show that the digital advertising ad spend is fast catching up with TV. ASCI The viewership of digital ads in rural centres, too, was found to be at par with the metros. As ASCI works to ensure the protection of consumer interests, along with those of other stakeholders like brands and agencies, having Google and Facebook on the board will help it to sharpen its ability to implement its guidelines as well, the regulator added. Google and Facebook are the biggest digital players. We look forward to them helping us become a better conscience keeper of the industry, For Manisha Kapoor, secretary-general, ASCI, having Google and Facebook on board is a great start to the new journey ASCI is embarking upon. We will benefit greatly from the expertise that both these companies bring with them, Swamy and Bhushan The appointments also mark ASCI Read Also: GroupM\u2019s m\/SIX bags digital media mandate for Parag Milk Foods Follow us on Twitter,Instagram,LinkedIn,Facebook
The Delhi government has set up a Covid-19 Rapid Response Centre at the city The centre, inaugurated by Delhi Health Minister Satyendar Jain, will be staffed 24×7. Equipped with ICU beds and ventilators, the centre will provide emergency treatment to Covid-19 patients without the wait for hospital admission, Jain said. He added that the Delhi government would set up more such centres at different hospitals for more efficient emergency response. Delhi is attempting to revamp infrastructure at government hospitals in anticipation of a third Covid-19 wave. Jain said the rapid response centre would provide immediate treatment upon arrival without patients having to wait for hospital admission. Patients may be shifted to the ward concerned later, based on their condition. The minister also urged citizens to maintain caution at all times and ensure Covid-appropriate behaviour, The Indian Express reported. Jain said people should not drop their guard despite a decline in the city He added that people should learn from past experience that negligence can be disastrous. As on 8 am on Thursday, Delhi The National Capital reported 65 new cases and one death in the past 24 hours. Delhi was among the major cities\/states that bore the brunt of the severe second Covid-19 wave earlier this year. An acute shortage of beds and supply of medical oxygen caused inordinate delays in admission, leading many patients to wait outside hospitals. Many family members were forced to shuttle patients from hospital to hospital in their frantic search for beds and treatment. The severity of the situation forced the Delhi government to impose strict restrictions of people
The National Highway Authority of India (NHAI), to avoid land fraud on the lines of the 2016 Hoshiarpur land One of the letters issued to the Deputy Commissioner (DC) of Hoshiarpur revealed that the highway authority is planning the 4-laning of an existing Phagwara-Hoshiarpur 2-lane highway (NH-3448), including bypass of Phagwara and Hoshiarpur. For the project, proceedings of land acquisition have been initiated by this office and survey number verification by patwaris falling in the alignment is currently under process, according to an IE report. The letter issued to DC further stated that the alignment of the subject project stretch is easily accessible now and possibility of leaking out of sensitive information cannot be ruled out. Thus, according to the report, there are high chances of land conversion or sale of land falling in the alignment. Earlier, these instances have been reported in Punjab too, resulting in dropping the proposal of highway development or extra cost burden to the state as well as arbitration cases or land disputes, the letter stated. To avoid these cases, authorities of NHAI sought special attention from revenue authorities. However, the NHAI letter, to be extra cautious, further urged for intervention to pass a stay order against any NOCs issuance for change in land use or sale deed or registries of land for the villages as per the list being sent to this office for Hoshiarpur tehsil of the district of Hoshiarpur till 31 August 2021, or completion of proceedings of 3 A notification under National Highway Act 1956. According to NHAI officials, such methods are followed by them for every project and for the Jalandhar-Katra Highway, a similar process was adopted. The highway authority officials said that they were supposed to build the Jalandhar bypass after the Hoshiarpur land scam of 2016 and the NHAI was to acquire land of 392 acres in 26 Jalandhar villages for that. The 29.5 kilometre long Jalandhar bypass was to link NH-71 with NH-70 from Chuharwali village to Phagwara road via Talhan village, but in the year 2019, NHAI was forced to shelve that project because it had found various irregularities similar to Hoshiarpur land scam in the Jalandhar project where in some villages, land deals were executed by a land mafia much before the highway authority could acquire same area for constructing the bypass. The land mafia had become quite active in those villages and bought land from innocent farmers and got them converted into the commercial properties by getting CLU to fetch four-five times more compensation for commercial property than agricultural property from NHAI in the land acquisition process, the report said.