Today's Business Blitz- "Manipur Floods Disrupt Life, NMDC Hikes Iron Ore Prices, Chief Justice to Rule on Kejriwal's Bail, NTPC's Renewable Energy Listing, and LIC's Health Insurance Expansion"
Today's Business Blitz- "Manipur Floods Disrupt Life, NMDC Hikes Iron Ore Prices, Chief Justice to Rule on Kejriwal's Bail, NTPC's Renewable Energy Listing, and LIC's Health Insurance Expansion"
28th May, 2024
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1. “Unstoppable Rain Floods Manipur: How Heavy Showers Disrupt Daily Life”
Incessant rainfall inundates several areas of Manipur, affecting traffic and normal life.
In Imphal East and West districts, waterlogging and flooding impact major roads.
A mudslide near Sinam village on NH 37 sweeps a truck into a gorge after heavy rain.
Rivers in Imphal Valley, including Imphal River, overflow due to the heavy rainfall.
No reports of death or injury have been received.
#PTI #Nation #bqfree
2. “NMDC Increases Iron Ore Prices by Up to Rs 350/Tonne: What You Need to Know”
NMDC increased iron ore prices by up to Rs 350/tonne: lump ore (250) and fines (350).
New prices: lump ore at Rs 6,450/tonne, fines at Rs 5,610/tonne.
Price hike follows quarterly results showing a 38% fall in net profit.
NMDC is India's largest iron ore mining company, supplying about 20% of the country's steel-making raw material demand.
#company #PTI #Business #bqfree
3. “Chief Justice to Rule on Kejriwal's Bid for Extended Bail Due to Health Issues”
Chief Justice to decide on Delhi CM Arvind Kejriwal's plea for interim bail extension for medical tests.
Kejriwal seeks 7-day extension for PET-CT scan, Holter Monitor Test to rule out malignancies and cardiac issues.
Top court had previously granted Kejriwal interim bail for election campaigning, with restrictions on official duties.
Kejriwal alleges negligent treatment in jail led to health complications, including unexplained weight loss and elevated ketone levels.
Tests are essential for early detection and prevention of life-threatening diseases, plea states.
#PTI #health #Politics #bqfree
4. “NTPC Aims for November Listing of Its Renewable Energy Division”
NTPC plans to list its renewable energy arm, NTPC Green Energy Ltd., by November.
The company had received approval to raise up to Rs 10,000 crore.
NTPC will continue to be the holding company after the IPO.
The company has 22 GW of renewable energy projects under development and plans to reach 60 GW by 2032.
NTPC plans to meet its equity requirement through follow-up public issues and support from the holding company if needed.
#Markets #NTPC Green Energy Ltd #MARKETS
5. “LIC Explores Health Insurance Expansion: A Dive into Organic and Inorganic Strategies | NDTV Profit Exclusive”
LIC aims to enter health insurance through organic and inorganic growth paths.
Chairman Siddhartha Mohanty cites the underpenetrated market as an opportunity.
LIC will explore mergers and acquisitions, internal development, and leveraging existing experience.
Non-par share to premium ratio increased from 7.12% to 18.32% after listing.
LIC targets 20-25% share in non-par segment.
Double-digit growth and improved margins (2-3%) expected in FY25.
Mohanty believes LIC will play a key role in India's growth story.
#Markets #bqmetered #Business #health #Notifications
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