G7 Foreign Ministers Vow To Continue Economic Pressure On Russia

They would also tackle what they called Russian misinformation aimed at blaming the West for food supply issues around the world due to economic sanctions on Moscow and urged China to not assist Moscow or justify Russia’s war, according to a joint statement Group of Seven foreign ministers vowed on Saturday to reinforce Russia’s economic and political isolation, continue supplying weapons to Ukraine and work to ease global food shortages stemming from the war. After meeting at a 400-year-old castle estate in the Baltic Sea resort of Weissenhaus, senior diplomats from Britain, Canada,…

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Tripura CM Biplab Deb Resigns

Tripura Chief Minister Biplab Kumar Deb on Saturday said he has submitted his resignation to Governor SN Arya. Deb made the announcement after meeting the governor at the Raj Bhavan here. He went to New Delhi and met Union Home Minister Amit Shah and BJP president JP Nadda on Thursday for a confabulation on the party’s affairs in the Northeastern state. There have been rumours of infighting within the BJP’s state unit. Deputy Chief Minister Jishnu Dev Varma, who is related to the erstwhile Tripura royal family, is expected to take charge in the interim,…

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Safety Is Of Utmost Importance When It Comes To Electric Mobility: Hero MotoCorp CEO

Safety is of utmost importance when it comes to electric mobility and the manufacturers should try to come up with products that are sustainable and aligned to customers’ requirements, Hero MotoCorp Chairman and CEO Pawan Munjal said on Thursday. Speaking at a CII event, the veteran industry leader noted that the automotive industry is moving towards electrification and availability of optimal infrastructure and power, ecosystem, government subsidies and disposal of EV waste are going to play a crucial role ahead. The company, which is the country’s largest two-wheeler maker, is…

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Reliance Infra Posts Rs 449 Cr Loss In March Quarter

In FY22, the company reported its consolidated net loss at Rs 938.39 crore, while it had posted a consolidated net profit of Rs 1,125.25 crore in the preceding fiscal Reliance Infrastructure on Friday reported a loss of Rs 449.13 crore in the March 2022 quarter. The company had reported a consolidated net profit of Rs 1,611.02 crore in the corresponding quarter of FY21, a BSE filing said. The total income in the quarter under review declined to Rs 4,467.61 crore from Rs 7,860.81 crore in the year-ago period. In FY22,…

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Vistara Launches Fast-track Security Clearance For Business Travellers At London’s Heathrow Airport

Vistara has at London’s Heathrow airport launched a fast-track security clearance mechanism for business class passengers who have to depart on its flight to Delhi. In a statement, Deepak Rajawat, Chief Commercial Officer, Vistara, said, “Starting May 11, our business class customers departing from London Heathrow airport are able to avoid long queues for security checks and breeze through the Fast-Track Security gates thereby enjoying a seamless experience.” Vistara operates a daily flight on the Delhi-London-Delhi route using its Boeing 787-9 aircraft. The airline’s CEO Vinod Kannan had on May 11 called London as…

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Wheat Export Ban To Crush Price Manipulation In Global Markets: Sources

The government’s decision to ban wheat exports will help in crushing attempts by certain foreign players to hoard Indian wheat for price manipulation in global markets, according to sources. With this move, they said, India wants to ensure fair and proper use of its wheat stocks to address global needs, particularly of the most needy countries. “The ban will crush attempts to hoard Indian wheat for price manipulation. It will also counter food inflation,” a source said. According to industry sources, Chinese traders were trying to manipulate the global market. Indian wheat will…

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