The Supreme Court has directed all states and Union Territories to develop realistic action plans for implementing minimum ICU standards. An expert-prepared guideline document will be shared, with a focus on identifying and prioritizing five essential manpower and equipment requirements. A compliance and monitoring mechanism is also mandated, with a three-week deadline for a final report.
India's peak power demand reached an all-time high of 252.07 GW on Friday. This surge follows an intensifying heat wave across the country. Increased use of cooling devices like air conditioners and coolers is driving up electricity consumption. Experts anticipate further demand increases as heatwave conditions persist through the weekend and into May and June.
Delhi's Indira Gandhi International Airport is set to significantly increase its international flight capacity. Pier C at Terminal 3 will start handling international passengers from early May. This expansion will boost the airport's annual capacity by nearly 50%.
Belgium's Ageas Group is prioritizing India's growth, aiming to break into the top 10 insurers in both life and non-life segments. The company is exploring acquisition opportunities and deepening its commitment to the market, building on previous strategic moves.
The Reserve Bank of India has cancelled the banking licence of Paytm Payments Bank. This action follows persistent compliance issues. The bank can no longer accept deposits. However, the Paytm app and its core services remain unaffected. Users can continue to use UPI and other payment features.
Lodha Developers has set a sales booking target of Rs 24,000 crore for the current fiscal, aiming for about 17% growth driven by steady demand in the housing market. The company reported strong performance in the previous financial year, with sales bookings rising 16% to Rs 20,530 crore and net profit increasing to Rs 3,430.7 crore from Rs 2,766.6 crore a year earlier. Total income also grew to Rs 17,119.5 crore.
Paytm has said that the Reserve Bank of India’s (RBI) action on Paytm Payments Bank Ltd (PPBL) will have no financial or business impact on the company, stressing that it has no material exposure or operational link with the banking entity.