Metro Observer Daily

 NEW DELHI: One97 Communications (Paytm) on Wednesday said it has no information that may have a bearing on the price volume behaviour in the scrip and which is yet not disclosed to the stock exchanges. The company said its business fundamentals remain robust. In a filing to BSE , Paytm said it has, from time to time, made all necessary disclosures to stock exchanges within stipulated timeline. "The company would also like to point out the business fundamentals remain robust as demonstrated in our last earning release dated February 04, 2022. We would like to reiterate that the company is committed to comply with the Listing Regulations, likely to have bearing on the price/ volume of the shares of the company would be disclosed, from time to time, to the stock exchanges within stipulated timeline," it said. Paytm comments came after BSE sought clarification from the company with reference to significant movement in its shares. BSE said, it sought such clarification "to ...

The government on February 13 filed the draft red herring prospectus to sell 5% of its equity stake in LIC in March. Life Insurance Corporation of India NEW DELHI:  Even as the finance ministry is keeping an eye on global market conditions and whether they warrant deferring the initial share sale of the state-run Life Insurance Corporation (LIC), it is firming up a long-term, five-year plan to divest up to 25% of its equity in the firm, two officials familiar with the matter said on condition of anonymity. That may mean the initial share sale of 5% being followed up with a so-called FPO or follow-on public offer of 5-10% more within a year, they added. Wide participation of policyholders, employees, retail investors and financial institutions will enhance transparency and efficiency in managing affairs of LIC, in which the government will always hold the majority stake and exercise management control, the two people confirmed, speaking on condition of anonymity. “After the IPO, whi...

Rajeev Jhawar is the managing director of Usha Martin Limited, and in the three decades that he has been at the helm of the Usha Martin Group. His leadership qualities, sharp business acumen, in-depth understanding of business administration Rajeev Jhawar Rajeev Jhawar has been the Managing Director of Usha Martin Limited since May 19, 2008.   He is also a director of the Neutral Publishing House Limited.   Rajeev Jhawar has been the Vice Chairman of Usha Martin Education and Solutions Limited since September 2010.   The company has been bringing rich experience in the management of industrial enterprises for more than a decade.   His leadership qualities, sharp business acumen, deep understanding of business administration and strategic decisions led the group to a high growth trajectory as a whole. Rajeev Jhawar shares his observation about the industry post covid. After the corona virus the industry witnessed a pandemic and subsequent lockdowns disrupted ov...

VIENNA :  Austria is suspending a law making  COVID-19  vaccinations mandatory for all adults, the government said Wednesday, just a month after the legislation took effect in an EU first. The Alpine nation of nine million people was among few countries in the world to make jabs against the coronavirus compulsory for all adults.  The Alpine nation of nine million people was among few countries in the world to make jabs against the coronavirus compulsory for all adults. The law took effect in February and called for fines up to 3,600 euros ($3,940) from mid-March for those who do not comply. But Minister Karoline Edtstadler said the law’s “encroachment of fundamental rights” could no longer be justified by the danger posed by the pandemic. “After consultations with the health minister, we have decided that we will of course follow what the (expert) commission has said,” Edtstadler told reporters after a Cabinet meeting. ​ Check Out :  https://www.arabnews.com/nod...

The White House knows it risks a serious political hit if gas prices continue to rise. But on Tuesday,  President Biden  decided the risk was worth it in order to punish Moscow further for its war in Ukraine and to respond to bipartisan calls to cut off Russia oil and gas. President Biden A few factors made a difference in Biden’s decision. Political support for cutting off  Russia  in Washington and nationwide is high, and voices in both parties were calling for the move. Russian imports also make up a relatively small amount of the U.S. supply. Russia last year accounted for about 3 percent of U.S. foreign imports of crude oil and about 1 percent of the U.S. supply overall.  The desire to take a stand against Russian  President Vladimir Putin  is also high, making it difficult to avoid the choice even in a difficult midterm election year and a populace already irritated with rising prices.   Read More :   https://thehill.com/homenews/a...

  Russia's invasion of Ukraine  is the first time war has raged in a country with such an advanced and established nuclear power programme, the International Atomic Energy Agency has said. Russia backs UN atomic watchdog chief Rafael Grossi's idea of a trilateral meeting with Ukraine on ensuring the safety of nuclear facilities there during Russia's invasion but not at Chernobyl as Grossi wants, Moscow's envoy to the watchdog said. Rescuers remove debris from a school building damaged by shelling, amid the Russian invasion of Ukraine, in Chernihiv, Ukraine Russia's invasion of Ukraine is the first time war has raged in a country with such an advanced and established nuclear power programme, the International  Atomic Energy  Agency has said. Full coverage of Russia-Ukraine conflict here The country has four operational nuclear power plants, including Europe's largest by capacity, at Zaporizhzhia near Crimea. A building close to but separate from the reactors at Z...

  Humanitarian corridors have opened in several Ukrainian cities to allow non-combatants to leave, officials say. An apartment building is damaged following shelling in Ukraine's second largest city of Kharkiv Ukraine  is evacuating civilians through six “humanitarian corridors”, including from Mariupol, Deputy Prime Minister Iryna Vereshchuk says after Russia declares a temporary ceasefire. The European Commission announces a plan to cut Russian gas imports by two-thirds this year. United States President  Joe Biden  bans imports of Russian oil and gas, while the United Kingdom says it will phase out Russian energy products by year’s end. Ukrainian President  Volodymyr Zelenskyy  calls for more Western action against Moscow as Russian advance continues.

  Kyiv  residents awoke Wednesday to an air raid alert urging them to get to bomb shelters as quickly as possible over fears of incoming Russian missiles, while the strategic port city of Mariupol remained encircled as a humanitarian crisis grew. Moscow said it was ready to provide humanitarian corridors on Wednesday for people fleeing the capital and four other Ukrainian cities. Mikhail Mizintsev, head of Russia's National Defence Control Centre, said that Russian forces would "observe a regime of silence" from 10 am Moscow time to ensure safe passage for civilians wishing to leave Kyiv, Chernihiv, Sumy, Kharkiv and Mariupol. Follow our live blog for the day’s latest developments. Ukrainian President Volodymyr Zelensky  US  President Joe Biden  announced a ban on US imports of oil from Russia in response to Moscow's invasion of Ukraine. The UK also said they would phase out Russian oil imports by the end of the year.  The UN said the number of refugees fle...

A video of a Ukrainian military band playing  Bobby McFerrin' s Don’t Worry Be Happy has surfaced online. The video shows five brass players in military uniform guarding Odessa Opera and Ballet Theatre as they played the song. Ukranian military band plays Don’t Worry Be Happy as they protect Odessa Opera and Ballet Theatre.  Russia’s invasion of Ukraine  entered the 14th day. Ukraine remains in the middle of chaos ever since Russian forces invaded the country on February 24. Some gut-wrenching pictures and videos from the war-torn nation have been emerging on social media. Now, a video of a Ukrainian military band playing Bobby McFerrin's Don’t Worry Be Happy has surfaced online. The video shows five brass players in  military  uniform guarding Odessa Opera and Ballet Theatre and playing Don’t Worry Be Happy. Ukrainian flags wave in the background as the band plays on. You can also see the Odessa Opera and Ballet Theatre at a distance.

LONDON  : The invasion of   Ukraine   has exposed anti-Arab and anti-Muslim bias across European policymaking and news media. For hundreds of thousands of hounded, rejected or stranded refugees and asylum-seekers, the revelations of prejudice and favoritism must come as no surprise, though. In the most recent incident — a textbook case of double standards — a Danish politician suggested that Ukrainian refugees could be exempt from laws that had allowed authorities to seize the assets of Syrian and Iranian refugees. Russia Ukraine Crisis Rasmus Stoklund, immigration spokesman for  Denmark ’s Social Democratic government, told Danish paper  Ekstra Bladet  last week that the so-called jewelry law should not be applied to Ukrainians fleeing the conflict because they are from a “nearby region.” Later, Stoklund said :  “The jewelry law is made for if you leave the nearby region where you are safe, and travel through safe countries … but that is not the case ...

Oath Keepers Leader Stewart Rhodes  In the days before his arrest,  Stewart Rhodes  could feel the authorities circling. He met me on a chilly Dallas evening in January in a room I’d booked at a chain hotel not far from where he lived, the neon lights of office parks and strip malls glowing outside. He wore dark jeans and a flannel shirt patterned in yellow and black, the colors of the Oath Keepers, one of the largest militant groups in the country, which Rhodes, 56, created in 2009 and has led since. He looked at me steadily with his right eye through a pair of glasses; his left eye, shot out in a handgun accident three decades before, was covered with a black patch. The Yale Law graduate normally relished the chance to spar with an interviewer, but on this night, he seemed a bit hollowed out. I asked if the prospect of prison was weighing on him. “I’m not going to give them the satisfaction of feeling like they’re getting to me,” he said. The one-year anniversary of Jan...

  Intelligence experts Tuesday painted a picture of an increasingly determined  Vladimir Putin  set to “double down” on his invasion of  Ukraine  despite being ill-prepared for the consequences to Russia’s economy and with little prospect for long-term success. Vladimir Putin “I think Putin is angry and frustrated right now. He's likely to double down and try to grind down the Ukrainian military with no regard for civilian casualties," CIA Director William Burns told lawmakers on the House Intelligence Committee during the yearly worldwide threats hearing. "But the challenge that he faces, and this is the biggest question that's hung over our analysis of his planning for months now … is he has no sustainable political end game in the face of what is going to continue to be fierce resistance from Ukrainians.” Check Out :  https://thehill.com/policy/international/597406-angry-putin-set-to-double-down-in-ukraine-intel-chiefs-tell-lawmakers

Share Market News Today | Sensex, Nifty,  BSE  , Share Prices Highlights : Sensex ended at 52,843, down 1,491 points or 2.74 per cent. The Nifty 50 index touched an intra-day low of 15,711 before settling at 15,863, down 382 points or 2.35 per cent.             The Nifty futures were trading around 15,845.50 level on the Singaporean Exchange Share Market News Today | Sensex, Nifty, Share Prices Highlights:  Indian benchmark indices ended deep in the red on Monday amid escalating geopolitical tensions, rising crude oil prices. Sensex ended at 52,843, down 1,491 points or 2.74 per cent. The Nifty 50 index touched an intra-day low of 15,711 before settling at 15,863, down 382 points or 2.35 per cent. Sectorally, metal index gained over 2 percent, while auto, bank, capital goods, FMCG, PSU Bank and realty fell 2-5 per cent. In broader markets,  BSE   midcap and smallcap indices shed over 2 per cent each. BSE  Sensex and NSE Nifty 5...

Here is how the corporate sector reacted to the Union Budget announcement made by Finance Minister Nirmala Sitharaman and S Ravi. Finance Minister Nirmala Sitharaman on 1 February presented her fourth Union Budget for the financial year 2022-23. As per the FM, this budget will lay the foundation for economic growth through public investment as Asia’s third-largest economy emerges from a pandemic-induced slump. “The touchstone of the master plan will be world-class, modern infrastructure and logistics synergy among different modes of movement of both people and goods, and location of projects,” Sitharaman said. S Ravi, Former Chairman of BSE and Founder & Managing Partner of Ravi Rajan & Co. Budget 2022 The union budget is a growth oriented budget focusing on rural infrastructure, cooperative societies and improving connectivity through PM Gati Yojana. Gati Sakthi would really catalyse the growth. Reduction of MAT and surcharge for cooperatives is a welcome step. Laying down of...

Somany Ceramics Limited manufactures and sells ceramic tiles and related products in India.Shyam Maheshwari is the VP of Outsource Operation at Somany Ceramics.Shyam Maheshwari is a strategic planner with a proven track record of exploring new markets, launching new products, managing sales & marketing operations & large channel networks and achieving desired targets and goals. Somany Ceramics Limited manufactures  Shyam Maheshwari is the VP of Outsource Operation at Somany Ceramics.Somany Ceramics Limited manufactures and sells ceramic tiles and related products in India. It offers ceramic wall and floor tiles, polished vitrified tiles, glazed vitrified tiles, sanitary ware, and bath fittings, as well as tile laying solutions. It provides its products under the Somany Duragress, Somany Durastone, Somany Glostra, Somany Vistoso, Somany Vitro, Somany Slipshield, Somany VC Shield, Somany Signature, and Somany French Collection brands. The company also exports its products. I...