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SMC Power acquires Concast’s steel units in largest liquidation deal

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₹300 crore offered as upfront cash to lenders, this is the largest acquisition so far within the liquidation process under the Insolvency and Bankruptcy Code, 2016.SMC Power Generation, incorporated in 2000, is part of the promoter group that also owns SMC Foods and Creamy Foods Ltd, which sells dairy products in the north Indian market under the brand Madhusudan.

SMC Power Generation has installed capacities to produce 2 lakh tonne of sponge iron per annum, 3.5 lakh tonne of billets, 2.5 lakh tonne of TMT and captive power generation of 33 MW in Jharsuguda, Odisha.“The SMC group will invest a further ₹300-400 crore in the plant to make it operational again and streamline capacities," a person aware of the development told Mint.

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Housing sales drop 49% during January-June amid Covid
NEW DELHI : Impacted by the pandemic and the nationwide lockdown, housing sales across the seven major cities nearly halved during the first six months of 2020 compared to the second half of 2019, according to a report by Anarock Property Consultants.A total of 57,940 units were sold during January-June, the data showed."Sales decreased by 49% in H1 2020 compared to H2 2019 as every city underwent contraction. The contraction was in the range of 46% to 51% across the top seven cities of India," the report said.Sales in Q2 2020 accounted only for 22% of H1 2020, which primarily led to an overall decline in half-yearly sales.
city New Delhi India 2020 pandemic crisis
Govt allows export of COVID-19 PPE medical coveralls, fixes shipment quota - livemint.com - city New Delhi
livemint.com
60%
439
Govt allows export of COVID-19 PPE medical coveralls, fixes shipment quota
NEW DELHI : Partially relaxing export norms, the government on Monday permitted shipments of Personal Protection Equipment (PPE) medical coveralls for COVID-19 with an export quota of 50 lakh units per month.The product was banned for export earlier, but has now been moved to the restricted category, under which an exporter would have to seek a licence from the government for shipments.In a notification, the Directorate General of Foreign Trade (DGFT) said: "A monthly quota of 50 lakh PPE medical coverall for COVID-19 units has been fixed for issuance of export licence to the eligible applicants to export PPE medical coveralls for COVID-19 as per the criteria to be separately issued in a trade notice".All other items that are part of PPE
city New Delhi covid-19 Government mask Coronavirus
Uddhav Thackeray - Coronavirus: Maharashtra govt extends lockdown until 31 July - livemint.com - city New Delhi
livemint.com
58%
353
Coronavirus: Maharashtra govt extends lockdown until 31 July
New Delhi: In the wake of pandemic, Maharashtra government on Monday extended lockdown in the state till 31 July.On Sunday, chief minister Uddhav Thackeray said the lockdown will continue post 30 June but with more relaxations.The decision to extend lockdown must have been inevitable considering the surge in number of cases in the state.Thackeray on Sunday ruled out easing the restrictions, adding the state still faces coronavirus threat."Will lockdown be lifted after June 30? The clear answer is no," Thackeray tweeted later.The unlock process, dubbed Mission Begin Again by the state government, is being gradually implemented to put the economy back on track, Thackeray said in his address."The state has now started the unlock process under
Uddhav Thackeray city New Delhi covid-19 death Government Coronavirus
Testing stepped up as number of new coronavirus cases surges - clickorlando.com - city New Delhi - India
clickorlando.com
61%
449
Testing stepped up as number of new coronavirus cases surges
NEW DELHI – Governments were stepping up testing and warily considering their next moves Monday as the number of newly confirmed coronavirus cases surges in many countries. India reported 20,000 new cases Monday, while the U.S.
city New Delhi India outbreak testing infection Coronavirus
Brazil signs $127m deal to manufacture Oxford Covid-19 vaccine - pharmaceutical-technology.com - Brazil - city Oxford
pharmaceutical-technology.com
82%
444
Brazil signs $127m deal to manufacture Oxford Covid-19 vaccine
Sign up here for GlobalData's free bi-weekly Covid-19 report on the latest information your industry needs to know.Brazil has entered an agreement worth $127m to manufacture a Covid-19 vaccine candidate which was developed by the University of Oxford and licensed to AstraZeneca. Under the agreement, Brazil will be able to produce up to 100 million doses of the vaccine, with an initial target to manufacture more than 30 million doses in December and January.
Brazil city Oxford virus covid-19 vaccine
68% rural healthcare providers have no formal training; southern states have better quality of doctors: Study - livemint.com - city New Delhi - Usa - India - state California - county Centre - city Georgetown
livemint.com
90%
256
68% rural healthcare providers have no formal training; southern states have better quality of doctors: Study
Social Science & Medicine journal. The study stated that 68% of healthcare providers in rural India have no formal training.
city New Delhi Usa India state California county Centre city Georgetown information doctor
Mint Covid Tracker: Three southern states – Andhra, Karnataka, Tamil Nadu – lead surge in deaths over past week - livemint.com - India - city Delhi
livemint.com
76%
322
Mint Covid Tracker: Three southern states – Andhra, Karnataka, Tamil Nadu – lead surge in deaths over past week
medical capacity and overburdened health system.Over the past few weeks, new infections and deaths have been rising faster in India than in most other badly-hit countries. The country’s death toll is the eighth worst in the world.
India city Delhi death testing infection patient
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
Woman describes 'horrific' Cryptosporidium symptoms as she's 'insulted' by compensation
Coronation Street's Rob Mallard says being 'honest' saved career as he almost lost rival soap job over health condition
Timor-Leste: Saving lives through critical care in remote regions
ITV This Morning's Josie Gibson undergoes secret procedure after years of health woes
The Bridgerton cast used £7 'hero' balm to keep their lips hydrated on set
How to entertain yourself when you stuck inside due to a pandemic
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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