After roads, tailwinds favour private sector investment in airports

Recently, Zurich Airports International AG won the bid to develop and operate the Jewar airport near Delhi for 40 years. The Swiss firm’s bid to share revenue of ₹400.97 per passenger with the Airports Authority of India (AAI) beat competition by a wide margin. But keen participation by leading business firms such as Adani Enterprises Ltd, Delhi International Airports (GMR Group) and international firm Anchorage Infrastructure Investments Ltd shows the rising private sector interest in airports. Naveen Kumar Saini/Mint This follows the recent deal by Tata group with Singapore’s sovereign wealth fund GIC…

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British vapers are safe, claim health experts after deaths in US

 A man exhales after vaping at the Vape Jam Convention in London in April 2018. Photograph: Amer Ghazzal/REX/Shutterstock Health experts have moved to reassure British vapers in the wake of a severe respiratory illness that has killed at least five people and hospitalised many more in the US. More than 450 possible cases – all linked to vaping – among otherwise “healthy young people” are being investigated, US officials said on Friday. They have reported that affected individuals have experienced respiratory symptoms including a cough, shortness of breath, and fatigue. Some…

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Days After Bulandshahr Violence, Yogi Adityanath Meets PM Modi In Delhi

Two, including a cop, were killed in Bulandshahr on Monday in a mob violence allegedly over cow slaughter New Delhi: Days after the Bulandshahr violence that led to the killing of two, including one policeman, Uttar Pradesh Chief Minister Yogi Adityanath met Prime Minister Narendra Modi at his official home in New Delhi on Thursday. Even though what transpired between them was not officially communicated, sources in the Bharatiya Janata Party (BJP) said the Chief Minister invited PM Modi for the “Ardh-Kumbh” to be held in Allahabad next month. Sources also…

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Pleas flood social media for loved ones missing after fire

People have scoured evacuation centers, called 911 and posted desperate online pleas for help finding relatives they haven’t heard from since a fast-moving wildfire devastated a Northern California town. A day after tens of thousands evacuated the town of Paradise and the nearby community of Magalia, dozens of people, many of them elderly, remained unaccounted for. Anguished relatives flooded social media asking for help locating their loved ones. Cherri Rolla’s family hasn’t heard from her 83-year-old aunt, Sylvia Johnson, who lives in Paradise with at least six dogs and three…

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Tokyo stocks retreat in morning after Mnuchin tweet on foreign investment

TOKYO, June 26 (Xinhua) — Tokyo lost ground Tuesday morning as investors turned risk-off following a tweet by U.S. Treasury Secretary Steven Mnuchin saying that more countries might be banned from investing in U.S. technology firms. The 225-issue Nikkei Stock Average dropped 116.82 points, or 0.52 percent, from Monday to 22,221.33. The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, fell 8.14 points, or 0.47 percent, at 1,720.13. Oil and coal product, mining, and service-linked issues comprised those that declined the most by the…

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Tencent scraps investment in media company Chaping after the latter faces criticism for ‘hidden plagiarism’

Tencent Holdings, which owns China’s top social media app WeChat, has scrapped an investment of up to CNY 30 million ($4.7 million) in a content start-up that has been criticised online and by state media for its handling of copyright issues. News of Tencent’s investment in Chaping, a WeChat-based online media company whose name means “bad review”, had spurred questions about Tencent’s commitment to protecting intellectual property that is at the core of its own content business spanning publishing, entertainment and gaming. Representational image. Reuters. “We have reached consensus with the Chaping…

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