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IRB ties up $867 mln for Mumbai-Pune Expressway from SBI-led consortium

India city Mumbai state Maharashtra city Pune covid-19 pandemic
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₹6,600 crore (about $867 million) of debt financing for acquiring tolling rights of the Mumbai-Pune Expressway, which it won through a bidding process in February, said two people aware of the development.IRB's 15-year tolling contract for the Mumbai-Pune Expressway expired in August last year.

After multiple rounds of bids, IRB emerged as the winner for the 10-year contract for a consideration of ₹8,262 crore.The funds have been raised from a consortium led by the State Bank of India, said one of the people cited above, requesting anonymity.IRB will make a payment of ₹6,500 crore to the Maharashtra State Road Development Corp (MSRDC) today, the person said."The first tranche of payment of ₹6,500 crore will be made to MSRDC today.

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₹4.30 lakh-4.50 lakh per month as gross salary, which has now been revised to about ₹67,000, according to an internal communication in May, which has been reviewed by Mint.A senior pilot at the airline is now paid a gross salary of about ₹1.25 lakh per month down from ₹6.3 lakh-6.5 lakh earlier.The Mumbai-headquartered airline has also done away with variable allowance for flying more than 70 hours a month, and several other incentives given during a layover.Apart from the gross salaries, GoAir's senior first officers, who are flying, will now be paid ₹1,900 per hour for the first 10 hours to ₹9,200 per hour while flying 60-70 hours during a month.
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Toyota plant near Bengaluru suspends ops as two employees test covid positive - livemint.com - India - city Mumbai - city Delhi - city Kolkata
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Toyota plant near Bengaluru suspends ops as two employees test covid positive
resumed operations on 26 May after two months of covid- 19 induced lockdown that forced its two plants to temporarily shut down.The company had partially restarted operations with a reduced workforce at its plants while all the Strategic Business Units office staff at Bengaluru, Delhi, Mumbai and Kolkata still continue to ‘work from home’."Operations at TKM plant have already been temporarily suspended so that required disinfection can be carried out at the plant," the company said in a statement.TKM said it has also extended all necessary support to the infected employees for medical treatment as well as quarantine procedures."The company is in touch with the families of the infected employees so as to support them to handle this situation
India city Mumbai city Delhi city Kolkata testing quarantine disinfect infection
Lockdown a sticking point in Pidilite's growth, pricey stock valuations at risk - livemint.com - India - city Mumbai
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Lockdown a sticking point in Pidilite's growth, pricey stock valuations at risk
MUMBAI : Pidilite Industries Ltd’s revenue growth in Q4 slipped, reflecting the huge impact of the pandemic-induced lockdown on home improvement activities. While shares of Pidilite have held steady for most of 2020, the stock was down about 3% in in early deals as investors were surprised by the loss in revenues and the sharp fall in profitability.The 5.8% year-on-year (y-o-y) drop in revenue in Q4 was the first such negative growth in many quarters, unveiling the extent of severity of the lockdown on the company.
India city Mumbai 2020
Sean Penn - Sean Penn cuts a casual look as he joins model daughter Dylan Frances for lunch at Nobu Malibu - dailymail.co.uk - France - Los Angeles
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Sean Penn cuts a casual look as he joins model daughter Dylan Frances for lunch at Nobu Malibu
Sean Penn has recently been doing his part to help Los Angeles recover from the ongoing coronavirus pandemic.And the two-time Academy Award winner is enjoying his SoCal favorites as businesses begin to reopen.He cut a casual chic dad look Wednesday as he joined his model daughter Dylan Frances Penn for lunch at Nobu Malibu during a break from quarantine. Lunch date: Sean Penncut a casual chic dad look Wednesday as he joined his model daughter Dylan Frances Penn for lunch at Nobu Malibu during a break from quarantineThe 59-year-old donned an army green bomber jacket, which he paired with a khaki button-down shirt.He finished the ensemble with some beige denim pants and a pair of matching suede shoes.
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Zane Lowe - Weezer Gives us the ‘Hero’ We Need on ‘Tonight Show’: Watch - billboard.com - Panama
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Weezer Gives us the ‘Hero’ We Need on ‘Tonight Show’: Watch
We all need a hero right now. Thankfully, Weezer knows the score.
Zane Lowe Panama pandemic isolate Coronavirus
Ally Maccoist - Ally McCoist's furious reaction to Rangers title-stripping 'madness' as he recalls storming out of SFA meeting - dailyrecord.co.uk
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Ally McCoist's furious reaction to Rangers title-stripping 'madness' as he recalls storming out of SFA meeting
Rangers would be wiped off the football map for ever.The Ibrox club went into liquidation in 2012, having to restart in the Third Division as a new company was formed and a squad scraped together.McCoist had just taken over as manager in 2011 after four years as Walter Smith’s right-hand man and admitted he feared his club could have vanished for good.He said: “Oh, 100 per cent – make absolutely no mistake about it, there was a chance Rangers could have folded.“At that particular period we turned up for pre-season training with four players.“We ended up having trial games to get a squad of players together.”McCoist stormed out of a meeting when it was suggested Rangers should have titles taken off them as part of their punishment.
Ally Maccoist information Rangers
Opinion | The Future of Food - livemint.com - city Mumbai
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Opinion | The Future of Food
MUMBAI : It would not be an overstatement if I said that during the three months of lockdown, I have spent more time with food than ever before. Not only has its consumption increased, but also my involvement in its preparation (and the aftermath) has not been insignificant.
city Mumbai virus economy isolate Coronavirus
COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
Strictly's Shirley Ballas gives health update and 'urges' women to get tested after cancer scare
BBC Strictly's Dianne Buswell shares emotional message as dad beats cancer
'The Way Home' Cast Reunion Announced, 4 Stars Participating!
Machine Gun Kelly Chooses PAIN Over Saying Anything ‘Mean’ About Taylor Swift! Watch!
Jensen Ackles Joins Cast of 'Tracker,' His Role in Hit Series Revealed
How to entertain yourself when you stuck inside due to a pandemic
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