Amid the Coronavirus Pandemic, India has found around 40 cases of the Delta Coronavirus variant which carries a mutation making it more transmissible. States across the nation have been asked to ramp up testing for the Delta Variant. Samples have been found in India, South Africa and the United Kingdom. But, what is the Delta Virus and what makes it so much more deadlier than the already deadly strain of coronavirus the world is dealing with? Why does it have scientists across the globe fearing worse outcomes then the COVID-19 strain? Rishabh Chakravorty takes a look at mutation K417N and what makes it different from all the known COVID strains from across the world.
ED transferred assets worth over 8,400 crores to Public sector banks who suffered losses after alleged scams perpetrated by Nirav Modi, Mehul Choksi and Vijay Mallya today. A Total of 9,041 crore worth of assets has so far been transferred till date. Even with this recovery most banks end up taking a haircut of around 60% in Insolvency and Bankruptcy Code (IBC) proceedings. What happens to the thousands of cases still awaiting resolutions? Is this the only way to seek a resolution? And is it time to review the IBC system? Watch ET Now's Tamanna Inamdar speak to a panel of experts
In-line with the National Company Law Tribunal's (NCLT) order to form a seven-member monitoring committee, Piramal Capital and Housing Finance has appointed the company's top bosses - CEO Jairam Sridharan and MD Khushru Jijina as the two members on its behalf, according to sources. NCLT had also asked the Committee of Creditors (CoC) to nominate three members and ET Now learns from sources that representatives of the top lenders have been nominated. The three members will include a representative from SBI, one from Union Bank of India and a third member from the Debenture Trustee of NCD holders. The CoC also voted against a higher payout consideration to small creditors and FD holders in the voting window that closed on June 22.