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Usha Martin Limited DEMAND ON WIRE ROPE - USHA MARTIN LIMITED: Wire rope manufacturer Usha Martin Ltd (UML) is expecting domestic demand, particularly in construction and auto sectors, to start picking up post monsoon. According to Rajeev Jhawar , Managing Director of Usha Martin, the various measures announced by the Central government to boost the economy are likely to start yielding results post monsoon. “We expect post monsoon things should be better. There should be a pick-up in demand during the festival season post September-October, by which time we hope that the Covid situation would also be brought slightly under control”, Rajeev Jhawar said. While the demand for wire rope has been “fairly decent” in international markets, the domestic demand across various sectors has been very low due to the lockdown in the wake of the Covid-19 pandemic. But in the previous financial year, demand has started to pick up and the top-line growth of Usha Martin is evidence for this. The r...

  New Delhi:  The CBI today arrested Avinash Bhosale, chairman of Pune-based ABIL group that is into real estate, in an alleged corruption case involving Yes Bank founder Rana Kapoor and Kapil Wadhawan of DHFL, officials said. The CBI suspects that illegal funds were routed through several real estate companies based in Maharashtra, they said. The agency had carried out searches at the premises of some builders in the state on April 30 to further probe on this aspect of the case, they said. The premises of ABIL and Mr Bhosale were also searched during the operation. Read More : https://www.ndtv.com/india-news/cbi-arrests-real-estate-firm-chairman-avinash-bhosale-in-yes-bank-dhfl-scam-case-3012848

  If you regularly order food, pharmaceuticals or other goods online in Delhi or Gurugram, you might have seen a delivery agent arriving on a green electric scooter with Zypp’s brand name on the side. Zypp Electric is a Gurugram-based startup providing electric vehicles for last-mile delivery to companies looking for more eco-friendly delivery fleet solutions. “When we say last-mile delivery, it means that we work with companies in the fields of food delivery, ecommerce, quick commerce companies, grocery delivery, pharma delivery etc. We become their logistics partner, where we provide them with a fleet of electric vehicles and drivers,” Akash Gupta, co-founder and CEO of Zypp, told  indianexpress.com . Zypp Mobility offers drivers and electric vehicles to companies that want goods delivered. It also provides delivery agents with electric vehicles and delivery tasks from its client companies. Its clients include prominent names such as Amazon, Swiggy, Zomato, Zepto, and Blinki...

  BEIRUT: Dozens of doctors, nurses and medical personnel rallied on Thursday outside the Central Bank in the Lebanese capital of Beirut after declaring a two-day general strike to protest rapidly deteriorating economic conditions. The strike was declared by two medical professionals’ unions — The Syndicates of Doctors in Beirut and the North and the Syndicate of Private Hospital Owners — which say they could no longer put up with Central Bank policies that have allowed banks to impose random capital controls and other restrictions. During the strike, which ends on Friday, only emergency cases and dialysis patients would be admitted to hospitals, the unions said. Lebanon’s medical sector, which up until few years ago was among the best in the Middle East, is on the brink of collapse, barely surviving the country’s unprecedented economic and financial meltdown. The crisis that started in October 2019 has seen the local currency lose more than 90 percent of its value to the dollar, w...

RIYADH: Saudi Arabia’s Crown Prince Mohammed bin Salman received a phone call on Thursday from Greek Prime Minister Kyriakos Mitsotakis, the Kingdom’s official SPA news agency reported. During the call, they reviewed the bilateral relations between the two countries, and discussed opportunities for joint cooperation in a number of fields.

  MONTREAL : Police in Canada’s largest city Toronto on Thursday fatally shot a man armed with a rifle, local media reported, in an incident that forced several schools into lockdown just two days after a deadly assault on a US primary school. Bystanders alerted police to the man’s presence in an eastern neighborhood of Toronto, and the circumstances of what transpired next were not immediately clear. But city police chief James Ramer told reporters that the suspect, described as a man in his late teens or early 20s, was dead after he had “confronted” responding officers, without elaborating. The police force’s Twitter account said that after officers located the man, a “police firearm” was “discharged.” A spokeswoman for the Special Investigations Unit told the CBC that preliminary evidence showed that two police officers had fired their weapons, and the suspect was pronounced dead at the scene. It was not clear if the man was holding the weapon when police shot him. Ramer said he...

  JEDDAH : The US has confiscated more than 600,000 barrels of smuggled Iranian crude oil from a tanker off the coast of Greece in a new wave of sanctions enforcement. The cargo of oil was pumped off the tanker into another vessel on Thursday and is now being transferred to the US. The oil tanker, the Pegas, was targeted under two sets of sanctions — against Russia because it is Russian owned, and against Iran because it was carrying Iranian oil. Read More : https://www.arabnews.com/node/2090761/middle-east