Reporter Raquel Camila

Usha Martin is known for making a wide range of wire rope products, which have applications across the world. The ropes manufactured by Usha Martin serve in some of the most critical applications across diversified industrial segments, which include oil & offshore, cranes, mining, elevators, aerials, fishing, conveyor belts and general engineering. The outbreak of the corona virus pandemic globally and in India has caused significant disturbance and slowdown of economic activities. Rajeev Jhawar Managing Director of Usha Martin The outbreak of the corona virus pandemic globally and in India has caused significant disturbance and slowdown of economic activities. Usha Martin also had faced some serious concerns that too after all the turmoil. The company’s operations and revenue during the period have also been impacted. Usha Martin’s revenues stood at Rs2,130.60 crore in 2020-21, as against Rs2,207.17 crore in 2019-20. The net profit for 2020-21 is Rs150 crore, compared to Rs...

China’s steel cutbacks fired up Indian exports and allowed local producers of the alloy to gain from higher international prices. Now, that may be at risk. The world’s largest steel producer and exporter is easing the deadline to achieve green targets for steel to 2030, and potentially resuming curtailed production. As Chinese shipments rise, Indian steelmakers may lose share in exports. And higher demand for raw materials from China could increase input prices, squeezing margins. Bundles of steel reinforcing bar at a metal stock yard in Shanghai. In early February, Beijing extended the deadline for the steel industry to hit peak emissions by five years. That relaxed its earlier policy of winter production cuts announced in September 2021 in Beijing and Tianjin as well as in provinces of Hebei, Shanxi, Shandong, and Henan till March 15, 2022. It required mills to restrict steel output by at least 30%. China’s move to curtail output and encourage imports of semi-finished steel was prope...

The Billion-dollar Donation Elon Musk has reportedly donated roughly $5.7 billion worth of Tesla’s shares to a charity, as per CNN. Elon Musk The   donation of 5,044,000   shares was revealed earlier this week in a filing to the US Securities and Exchange Commission (SEC). The Tesla shares were gifted last year between November 19 and November 29 2021, according to the filing. But the name of the recipient(s) of the shares was not disclosed. At the time of those donations, Tesla’s stock was reportedly trading above $1,000 per share, as per CNN. This makes the donated shares worth $5.7 billion based on the average of the highest and lowest quoted price on the date of the transaction. Also Read: Elon Musk Nudges McDonald’s To Accept Dogecoin As Payment, It Responds With New Crypto ‘Grimacecoin’ Second Biggest US Donor Of 2021 This donation would make Tesla CEO Elon Musk the second-biggest US donor for the year 2021. He trails only Bill Gates and Melinda French Gates, who gave $1...

The district administration is taking move days after about 100 chickens died suddenly at the farm in Vehloli village of Shahapur tehsil in Thane district. About 25,000   birds falling in a kilometre radius   of an affected poultry farm in Thane will be culled in the next few days in the wake of a bird flu scare. Health workers preparing to light a fire after culling birds The move came days after about 100 chickens died suddenly at the farm in Vehloli village of Shahapur tehsil in Thane district, officials said. According to an ANI input, Thane district magistrate and collector Rajesh J Narvekar said the district animal husbandry department has been ordered to take measures to control the infection, adding samples of the dead birds have been sent to Pune-based laboratory for testing. Around 25,000 birds falling in a kilometre radius of the affected poultry farm will be killed within the next few days. The district animal husbandry department has been ordered to take measures ...

Udupi, Karnataka Hijab Row News Highlights, Bangalore Today Updates, 17 Feb: The court said it will resume hearing the pleas on Friday, after state advocate general Prabhuling Navadgi sought time to respond to the petitions. Students sit in protest after being denied entry while wearing hijab, outside a college campus, in Chikmagalur, Wednesday Karnataka Hijab Controversy News Highlights: The Karnataka High Court Thursday adjourned hearing in petitions filed by Muslim girls studying in government pre-university colleges in Udupi against the government ban on Hijabs in classrooms. The court will resume hearing the pleas on Friday, after state advocate general Prabhuling Navadgi sought time to respond to the petitions. The AG told the court that he was awaiting some orders from the state government. The full bench of the High Court remarked that the state can modify its government order. The court also dismissed one of the petitions filed by a social activist saying: “We will dismiss th...

Muslim candidates are not untouchable for her party, the Apna Dal (S) chief said three days ahead of the first round of the seven-phase Uttar Pradesh elections beginning on February 10. New Delhi: Stressing that the Apna Dal (S) stands for social justice , Union Minister Anupriya Patel on Monday dissociated her party from ‘Hindutva and all those issues’ and said it is ideologically different from the BJP. Apna Dal (S) stands for social justice Muslim candidates are not untouchable for her party, the Apna Dal (S) chief said three days ahead of the first round of the seven-phase Uttar Pradesh elections beginning on February 10. "Yes, we are ideologically different from the BJP. People are trying to ask me questions on Hindutva and all those issues, I dissociate myself from all those issues and my party doesn't do religious politics. We stand for social justice. That's our ideology,’’ Patel said. “We have always worked for the marginalised sections of society, whether on the ...

The two additional railway lines connecting Thane and Diva have been built at the approximate cost of Rs 620 crores and features 1.4 kilometres long rail flyover, 3 major bridges, 21 minor bridges. New Delhi: Prime Minister Narendra Modi on Friday (February 18, 2022) will dedicate to the nation two additional railway lines connecting Thane and Diva via video conferencing at 4:30 pm. Prime Minister Narendra Modi on Friday (February 18, 2022) According to the Prime Minister`s Office (PMO), PM Modi will also flag off two suburban trains of the Mumbai Suburban Railway and will deliver an address on the occasion. As per the release issued by PMO, Kalyan is the main junction of the Central Railway. The traffic coming from the North side and Southern side of the country merge at Kalyan and moves towards Chhatrapati Shivaji Maharaj Terminus (CSMT). Out of the four tracks between Kalyan and CSTM, two tracks were used for slow local trains and two tracks for fast local, Mail Express and Goods t...

John Durham, the special counsel appointed under former President Trump to investigate the FBI’s probing of Russian interference in the 2016 election, alleged in court that a tech executive “exploited” access to White House data in order to find damning information about Trump. In a court filing submitted Friday,  Durham’s office said that the executive , who is referred to in legal filings only as “Tech Executive-1” but has been identified in news reports as Rodney Joffe, used his company’s access to nonpublic government domain name system (DNS) data through a pending cybersecurity contract as he was analyzing supposed links between the Trump Organization and a Russian bank. COURT BATTLES “Tech Executive-1’s employer, Internet Company-1, had come to access and maintain dedicated servers for the EOP as part of a sensitive arrangement whereby it provided DNS resolution services to the EOP,” Durham’s office wrote, using an acronym for the White House’s Executive Office of the Preside...

Centrist Sen. Joe Manchin (D-W.Va.) on Monday said he would not support confirming another nominee selected by President Biden for the Supreme Court immediately before the 2024 presidential election, clarifying remarks he'd made earlier about the midterm elections. Manchin said he would prefer to wait until the country knows who will occupy the White House in 2025. Senate Manchin walked back the comment he made earlier afternoon indicating that he would not support confirming a second Biden nominee to the Supreme Court if another vacancy occurs shortly before the Nov. 8 midterm election.   Asked if the Senate should act if another seat becomes vacant “later in the year closer to the election,” Manchin responded: “I’m not going to be hypocritical on that.  “If it comes a week or two weeks before like it did with our last Supreme Court nominee, I think that’s a time it should go to the next election,” he said.    Manchin’s comments immediately attracted attention...