Sikkim News Today - Live Updates & Latest Sikkim News

05 Apr

London Mayor Sadiq Khan slams commuters after 5 bus drivers die from coronavirus

editor0 CommentsHealth, Sikkim

London Mayor Sadiq Khan has fired a grave warning to London commuters after five bus drivers died of the coronavirus. Mr Khan said he is "absolutely devastated" the transport workers, who are yet to be named, died after testing positive for Covid-19. It comes as 621 patients with Covid-19 died in UK in just 24 hours, bring the UK's official total to around 5,000 as of Sunday afternoon. In a heartfelt tweet, he said "lives depended" on people following Government rules to stay at home unless travel was essential.

23 Mar

Centre To Announce Bailout Package To Soften COVID-19 Blow

editor0 CommentsBusiness, Sikkim

The government is expected to announce economic package shortly amid high expectation of bailout by sectors hugely affected by coronavirus, sources told. Four days ago, during his address to the nation, Prime Minister Narendra Modi had announced the formation of a special task force headed by finance minister Nirmala Sitharaman. The COVID-19 Economic Response Task Force, he said, would take an overview of the situation and suggest the way ahead.Ms Sitharaman has already declared that the donations made towards fighting COVID-19 would be counted as "Corporate Social Responsibility".

29 Feb

Sensex Plunges 1,448 Points, Nifty Holds 11,200 As Coronavirus Rattles Markets

editor0 CommentsSikkim

Domestic stock markets slumped more than 3 per cent on Friday continuing their downward spiral for the sixth session in a row, as fears the coronavirus outbreak may trigger recession across major economies spooked their global peers. Hopes the coronavirus would be contained to China vanished on Friday as infections spread rapidly around the world, compelling countries to stockpile medical equipment and investors to take flight in expectation of a global recession. The S&P BSE Sensex ended at 38,297.29, lower by 1448.37 points - or 3.64 per cent - from its previous close, and the Nifty shut shop down 431.55…

24 Feb

Mukesh Ambani’s Big Revamp Of TV Business Before Potential Stake Sale

editor0 CommentsSikkim

Reliance Industries Ltd., controlled by Indian billionaire Mukesh Ambani, is merging its media and distribution businesses spread across multiple entities into Network18 Media & Investments Ltd. to help simplify the structure of the assets.The broadcasting business, TV18 Broadcast Ltd., will be housed in Network18, while the cable and internet services will be folded under two separate wholly owned units of Network18, Reliance Industries said in a statement late Monday.Under the recast, the share exchange ratio would be:92 shares of Network18 for every 100 shares of TV1878 shares of Network18 for every 100 shares of Hathway Cable & Datacom Ltd.191 shares…

24 Feb

Pay Hikes In India To Fall To Decade Low In 2020

editor0 CommentsSikkim

A new survey report on Tuesday said that India will see the lowest salary increase in a decade this year and even the real estate and transport sector -- the top national job generators -- will witness lowest pay hikes in 2020.The sharpest drop in pay hikes was projected in the auto sector, reflecting its stress; e-commerce sector was seen giving a double-digit pay hike -- among the highest across 20 sectors -- surveyed by on Plc, a human resource consultancy firm ."The vehicle manufacturing industry reported the biggest drop, from 10.1 per cent in 2018 to 8.3 per cent…

24 Feb

Sensex, Nifty End At Two-Week Lows; Telecom Stocks Plunge

editor0 CommentsSikkim

The S&P BSE Sensex and NSE Nifty 50 indexes fell for fourth day in a row to close at lowest level in two weeks on Tuesday weighed down by weakness in HDFC, Reliance Industries, Bharti Airtel, IndusInd Bank and Maruti Suzuki. Telecom shares were among the worst hit in trade a day after telecom firms Bharti Airtel and Vodafone Idea partly paid the adjusted gross revenue dues as directed by the Supreme Court. The Sensex fell as much as 445 points to hit an intraday low of 40,610.95 and the NSE Nifty 50 index broke its psychological important level of…

22 Feb

After Amazon, Walmart’s Flipkart Challenges Antitrust Probe

editor0 CommentsSikkim

Walmart's Flipkart has filed a legal challenge against an antitrust investigation ordered against the company in India, a court filing seen by Reuters showed, following a similar petition by its rival Amazon.com Inc.The Competition Commission of India (CCI) in January ordered a probe into alleged violations of competition law and certain discounting practices by the two e-commerce giants, but a state court put the investigation on hold last week following a challenge by Amazon.Flipkart's legal filing was aimed at signalling the company is aggrieved by the CCI's probe order, a person familiar with the matter said.

22 Feb

Bharti Airtel To Make Balance Payment To Government Expeditiously

editor0 CommentsSikkim

Sunil Bharti Mittal, founder and chairman of Bharti Airtel, on Thursday said that adjusted gross revenue (AGR) issue is an unprecedented crisis for the telecom industry. Mr Mittal's comments came after he met telecom minister Ravi Shankar Prasad to give an overall view of the industry."Committed to complying with the Supreme Court order on adjusted gross revenue (AGR), and Bharti Airtel will make the balance payment expeditiously," Mr Mittal told reporters.Mr Mittal also said that the telecom industry is heavily taxed and suggested cut in taxes and levies for the sector.

22 Feb

France’s ADP Buys 49% Of GMR Airports For $1.45 Billion

editor0 CommentsSikkim

French airports operator ADP, which operates Paris airports Roissy and Orly, has bought a 49 per cent stake in GMR Airports for 1.34 billion euros ($1.45 billion), ADP said on Thursday. GMR Airports has a portfolio of seven airports in three countries: India, the Philippines and Greece. ADP said the Delhi and Hyderabad airports in India and the Mactan-Cebu airport in the Philippines together handled a total of 102 million passengers in 2019.The four other airports, which had 22 million passengers in 2019, are either under development (Goa and Heraklion) or were recently won by GMR after a bidding process…

19 Feb

EESL signs MoU with BSNL to install 1000 public charging stations across India

editor0 CommentsSikkim

Energy Efficiency Services Limited (EESL), a joint venture of four National Public Sector Enterprises under Ministry of Power, Government of India, has signed a Memorandum of Understanding (MoU) with Bharat Sanchar Nigam Limited (BSNL), an Indian state-owned telecommunications company for the installation of public charging stations to boost e-mobility adoption across India. Under the partnership, EESL will set up public charging stations in 1000 BSNL sites in a phased manner on a pan India basis. EESL will make the entire upfront investment on the services pertaining to the MoU, along with the operation and maintenance of the charging infrastructure by using qualified personnel.…