HDFC Bank to pick around 10 pc stake in Go Digit Life Insurance

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August 26, 2022

785ed3c0 b97f 11eb b2e0 990fd466194c 1629260876270 1632641869343 — Representative Image

India’s largest private sector lender HDFC Bank said it will acquire 9.94 per cent stake in Go Digit Life Insurance. Currently, Go Digit offers motor insurance, health insurance, travel insurance, property insurance, marine insurance, liability insurance, and other insurance products.

On Thursday, the private lender entered into an “indicative and non-binding term sheet” with Go Digit Life Insurance worth amount between Rs 49.9 crore to Rs 69.9 crore, in two tranches, by subscribing to eq

This deal is, however, subject to execution of definitive agreements whose terms and conditions are to be mutually agreed upon, and fulfilment of other norms, it added.

“The Company proposes to carry out life insurance business in India, subject to grant of certificate of registration by Insurance Regulatory and Development Authority of India,” the filing said.

Recently, Go Digit General Insurance has recently filed its draft red herring prospectus (DRHP) for an initial public offering (IPO) that will include fresh issuance of equity shares and an offer-for-sale.

The Company proposes to utilize the IPO proceeds to augment its capital base and maintain solvency levels. “Our proposed deployment of the Net Proceeds has not been appraised and it is based on management estimates, current circumstances of our business and prevailing market conditions, which may be subject to change,” the DRHP document stated.

WHO to provide USD 4 million worth medical supplies to Sri Lanka

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ANI

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August 26, 2022

who — WHO to provide USD 4 million worth medical supplies to Sri Lanka 3

The World Health Organization (WHO) has pledged to provide essential medical supplies worth USD 4 million to Sri Lanka.

In a congratulatory message to Ranil Wickremesinghe on being appointed as President, WHO Director-General Dr Tedros Adhanom Ghebreyesus pledged to deliver essential medical supplies valued at USD 4 million, according to Colombo Gazette

“To this end, I am pleased to inform you that I have tasked the WHO Health Emergencies Programme to take immediate action to meet the most urgent health needs of the people of Sri Lanka. In collaboration with WHO’s Regional and Country Offices, as well as the Sri Lanka Ministry of Health and other relevant ministries, WHO will procure and deliver essential medical supplies valued at USD 4 million. Procurement has already been initiated and the list, including delivery times will be shared through the WHO Country Office,” he said.

WHO Director-General also said that they have recognised the ongoing economic crisis in Sri Lanka and the impact Covid-19 was having on the health system.

The WHO Director-General also said that the WHO will closely monitor the health risks to the population including the functionality and resilience of the health system and provide the necessary technical assistance to strengthen provincial health services, reported Colombo Gazette.

Five killed as fire breaks out at building in UP’s Moradabad

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ANI

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August 26, 2022

Five people died while seven others were injured after a fire broke out in a multi-storey building in Uttar Pradesh’s Moradabad.

Shailendra Kumar Singh, District Magistrate, Moradabad said the fire broke out in a three-storey building. In the incident, five people lost their lives and seven were rescued from the building and later were rushed to the hospital for treatment.

As per the information, members of the same family were residing in the three-storey building. The fire department is investigating the cause of the fire.

Qatar’s investment will end funding gap in Pakistan: Finance Minister

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ANI

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August 26, 2022

Pakistan Finance Minister Miftah Ismail on Thursday said that Qatari investment will end the country’s financing gap, local media reported. Ismail said that Qatar had offered USD 3 billion in investments in Pakistan and this investment will end the financing gap in the country, ARY News reported.

“IMF [International Monetary Fund] has been informed about the Qatari investments,” Ismail said. “Qatar shows interest in making investments in Haveli Bahadur Shah and Balloki power plants.

Qatar is also willing to make investments at airports. Qatar will make investments at Karachi and Islamabad airports, and solar power projects,” the finance minister said.

He also said that Qatar would make investments in the freight cargo terminal of Port Qasim. Doha is also willing to make investments in shares of the stock market. Moreover, Qatar is mulling over giving employment to 200,000 Pakistanis.

Meanwhile, Pakistan is expected to sell shares of the Roosevelt Hotel in New York’s Manhattan to Qatar in return for the Doha investment in the aviation sector, ARY News reported citing sources.

The Roosevelt Hotel, established in 1924, is among the historic hotels in the United States and is situated in the luxurious downtown area of Manhattan.

US judge grants request to release affidavit in Trump’s Mar a Lago raid

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ANI

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August 26, 2022

A US judge has partially granted a request to unseal an affidavit underpinning Former US President Donald Trump’s Mar a Lago raid at his home in Florida till Friday noon.

“[I]t is ordered that: 1. The Intervenors’ Motion to Unseal [ECF No. 4] is granted in part. 2. On or before noon Eastern time on Friday, August 26, 2022, the Government shall file in the public docket a version of the Affidavit containing the redactions proposed in ECF No. 89-1,” the order said, according to Al Jazeera.

US Magistrate Judge Bruce Reinhart ordered the redacted document’s release by noon (16:00 GMT) on Friday underpinned the FBI’s search of former President Donald Trump’s Florida home earlier this month.

Reinhart’s order apparently came on Thursday, just hours after a Justice Department spokesman confirmed that prosecutors had submitted a sealed copy of its affidavit with proposed redactions to the judge.

“The Justice Department had valid reasons to keep some of the document secret, including the need to protect the identities of witnesses and federal agents, as well as the government’s investigation and strategy and grand jury material,” Reinhart said.

“The government has met its burden of showing that its proposed redactions are narrowly tailored to serve the government’s legitimate interest in the integrity of the ongoing investigation and are the least onerous alternative to sealing the entire affidavit,” he wrote in Thursday’s order.

4.3 magnitude earthquake hits Kabul

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ANI

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August 26, 2022

A 4.3-magnitude earthquake hit Afghanistan’s Kabul on Thursday, according to National Centre for Seismology.

“Earthquake of Magnitude:4.3, Occurred on 26-08-2022, 02:55:44 IST, Lat: 35.19 & Long: 70.84, Depth: 80 Km, Location: 164km ENE of Kabul,” the National Centre for Seismology said in a statement.

The quake occured at around 2.55 am today with the epicentre at 164 km ENE of Kabul and the depth at 80 Km. The latitude was found to be 35.19 whereas the longitude was 70.84.

The tremors were felt in a few provinces, however, no casualties have been reported so far.

Earlier, on June 22, a 5.9-magnitude earthquake jolted parts of Afghanistan including the capital city Kabul killing over 1,000 people across Barmal and Giyan districts in Paktika province and Spera district in Khost province.

In addition, at least 1,455 people were injured across three of the six most-affected districts of Barmal, Giyan, and Spera – many of them seriously.

Over 10,000 houses were destroyed. The disaster comes as Afghanistan continues to struggle with a severe economic crisis since the Taliban took over, as US-led international forces withdrew following two decades of war.

Mumbai reports 838 COVID-19 cases, two deaths

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PTI

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August 25, 2022

Covid,diseases, Maharashtra covid update — Image:Representative/Agencies

Mumbai on Thursday reported 838 new coronavirus infections and two pandemic-related deaths, the Brihanmumbai Municipal Corporation (BMC) said in a bulletin.

The tally of COVID-19 cases in India’s financial capital rose to 11,41,404 while the death toll increased to 19,679, it said.

On the sixth consecutive day, the metropolis logged fewer than 1,000 coronavirus infections. Last week, the city recorded more than 1,000 cases on two consecutive days.

The new COVID-19 cases were detected from 11,951 tests. The total of tests carried out in the city rose to 1,80,48,384. A day before, 8,772 COVID-19 tests had been conducted in the city.

Mumbai’s tally of recuperated patients rose to 11,16,001 with more than 1,199 patients recovering during the day.

The city has a recovery rate of 97.8 per cent and 5,724 active patients. Of 838 new patients, only 34 had symptoms of the viral illness. The overall growth rate of COVID-19 cases in the city declined to 0.078 per cent between August 18 and 24, while the time taken for the caseload to double was 883 days.

Actor Salman Khan pens a condolence note for the filmmaker Sawan Kumar Tak who passed at 86

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ANI

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August 25, 2022

Bollywood superstar Salman Khan shared a condolence note on Thursday following the death of filmmaker and lyricist Sawan Kumar Tak who passed away today at the age of 86.

The ‘Tiger Zinda Hai’ actor took to his Twitter handle and wrote, “May u rest in peace my dear Sawaan ji. Have always loved n respected u.”

Along with the tweet, Salman Khan had also shared a throwback picture of him with the late filmmaker.

May u rest in peace my dear Sawaan ji. Have always loved n respected u. pic.twitter.com/SH3BhYxco8
— Salman Khan (@BeingSalmanKhan) August 25, 2022

Media reports suggest that Sawan Kumar had been admitted to Mumbai’s Kokilaben Dhirubhai Ambani Hospital where he breathed his last today. Reportedly, he suffered heart failure and had lung-related ailments too.

Over the years, Sawan Kumar, who began his career as the producer of the 1967 Sanjeev Kumar starrer film ‘Naunihal’, has directed several Hindi films, including successful ones like ‘Saajan Bina Suhagan’, ‘Souten’ and ‘Souten Ki Beti’ among others.

He is credited with giving breaks to actors such as Sanjeev Kumar and Mehmood Junior.

However, his most famous directorial venture was Rajesh Khanna starrer ‘Souten’, which was the first Indian film to be shot in Mauritius and became a platinum jubilee hit.

Salman has worked with him in ‘Bewafa Sanam’ and ‘Saawan: The Love Season’.

Apart from this, he has written the lyrics of songs for movies produced and directed by other filmmakers. Among these are ‘Sabak’, ‘Kaho Naa… Pyaar Hai’ and all the songs from the 2004 film ‘Dev’.

Comedian Raju Srivastava is still on Ventilator at AIIMS due to cardiac arrest

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ANI

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August 25, 2022

Comedian Raju Srivastav, who is being treated at the All India Institute of Medical Sciences (AIIMS) following cardiac arrest, continues to be on ventilator support.

As per a source, Srivastava has shown minor improvement and is under observation. The 58-year-old stand-up comedian was admitted to the AIIMS on August 10.

Srivastava had collapsed after experiencing chest pain while working out at a gym. He underwent an angioplasty the same day.

Earlier, Raju Srivastava’s younger brother shared a video message to reveal details about his health. In the video, he expressed gratitude to the fans for their

prayers for the well-being of the comedian’s health and refuted farcical rumours about his health. Deepu Srivastava also called Raju Srivastava a fighter. In a video

message, he said, “He is a fighter and will soon come back winning the battle and will entertain everyone with his comedy.” Srivastava has been working in the

entertainment industry since late 1980s, and received recognition after participating in the first season of the stand-up comedy show “The Great Indian Laughter

Challenge” in 2005. He has featured in films like ‘Maine Pyar Kiya’, ‘Aamdani Atthanni Kharcha Rupaiya’ and ‘Main Prem Ki Deewani Hoon’ among others.

Hollywood star Sylvester Stallone’s wife Jennifer Flavin files for divorce

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ANI

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August 25, 2022

The wife of Sylvester Stallone, Hollywood star who gained worldwide fame through the Rambo series of movies, has decided to end her relationship with the actor.

Jennifer Flavin has filed a petition “for dissolution of marriage and other relief” from the actor, 76, at a court in Palm Beach County, Florida, People magazine

reported. Stallone and Flavin, 54, married in 1997, though their relationship began in 1988 at a restaurant in Beverly Hills, California.

They have three daughters: Scarlet, 20, Sistine, 24, and Sophia, 25. Stallone is also father to a son Seargeoh from his previous marriage to Sasha Czack. His oldest son Sage is from previous wife Starlin Wright, who died in 2012.

Rumours were rife about a Jennifer-Sylvester split after the actor, reportedly, got a tattoo of his wife covered up with another one.

In a statement to People, Stallone said, “I love my family. We are amicably and privately addressing these personal issues.”

Flavin told the magazine, “I’m sad to announce that after 25 years of marriage I have filed for divorce from my husband Sylvester Stallone. While we will no longer be married, I will always cherish the more than 30-year relationship that we shared, and I know we are both committed to our beautiful daughters. I ask for privacy for our family as we amicably move forward.” News of the pair’s split comes three months after they celebrated their silver wedding anniversary.