One liners 20th September

• The Aditya Birla Retail Limited (ABRL) sold its supermarket chain More to Witzig Advisory Services, owned by Samara Alternative Investment Fund. Amazon, in a deal with Samara, will be eventually picking up a 49% stake. The deal was done at about Rs.4,200 crore. This will give Amazon to access more than 500 physical outposts across the country. The transaction was made between Witzig-Samara in an exchange filing. RKN Retail said that the board had approved the sale of its entire shareholding in ABRL to Witzig.

• The Union Cabinet cleared an ordinance that makes talaq-e-biddat or instant triple talaq a criminal offence. The accused will be sentenced for a maximum term of three years in jail. President Ram Nath Kovind gave his assent for the cleared ordinance. The new law incorporates safeguards, including a provision for bail to an accused before the start of the trial. Instant triple talaq remains a non-bailable offence and should approach a magistrate for bail even before trial.

• India Post Payments Bank (IPPB) and Bajaj Allianz announced a five-year partnership to sell life insurance products on a revenue share basis. Under the partnership, IPPB will facilitate customers to pay for Bajaj Allianz life insurance products through their accounts. Launched on September 1, the IPPB has gained around 9 lakh customers.

• Airports Authority of India (AAI) said that Chennai Airport will be soon getting facial recognition technology under the ‘DigiYatra’ scheme which will soon be implemented by the Ministry of Civil Aviation. This technology will capture the image of a passenger and scan the ticket so that there is no need for the passengers to wait in queues at the entrance.

• During World Ozone Day celebrations on September 17, Union Environment Minister Harsh Vardhan released a draft India Cooling Action Plan (ICAP) which lists out actions which can help reduce the cooling demand, thus helping in reducing emissions. The minister also release a booklet on ‘Montreal Protocol – India’s Success Story’. ‘Keep Cool and Carry on’ : The Montreal Protocol is the theme of 24th World Ozone Day celebrations.

• Director Vasan Bala’s action thriller ‘Mard Ko Dard Nahi Hota’ (The Man Who Feels No Pain) has won the top award ie., Grolsch People’s Choice Midnight Madness Award at the 43rd Toronto International Film Festival (TIFF). This is the first ever Indian film to be screened in the Toronto festival’s Midnight Madness programme.

• Brussels Airlines, the national airline of Belgium, is to stop its Mumbai to Brussels flight from January 7 next year, for economic reasons. Brussels Airlines had started its Mumbai-Brussels route in March 2017, venturing for the first time into the Indian subcontinent.

• Ministry of External Affairs (MEA) said that India is not involved in developing Sri Lanka’s northern airport which contradicts a statement by the Airports Authority of India (AAI). Earlier, AAI had signed an agreement with MEA for the development of the airport in Palaly, Sri Lanka. AAI asked MEA to prepare a detailed project report for this project.

• 20-year-old Haryana wrestler won the silver medal in 77kg category in Greco-Roman style at the Junior World Championships in Trnava, Slovakia. He had won a bronze medal in the same category at the Tampere World Championships last year. He also clinched the gold at Junior Asia Championship in July.

• Odisha CM launches star-rating system for industries to reduce air pollution. This is the first program in India to use continuous monitored emissions data obtained in real time from major industrial plants. It will rate industries from 1 to 5 based on their compliance to pollution standards set by the State Pollution Control Board (SPCB).

• Tajinder Mukherjee takes Over as CMD Of NICL. She was posted as General Manager and Chief Underwriting Officer of New India Assurance.

• Mahindra Logistics Ltd. (MLL) plans to set up its multi-modal warehouses of half-a-million sq.ft in the Chennai, South India. This is to strengthen position in the location. MLL, the country’s largest third-party solutions, provider said it plans to enter the freight-forwarding business in Chennai and set up two warehouses with a measure one lakh sq.ft. each near Kamarajar Port. It will also be establishing few more warehouses in Bengaluru and Hyderabad.

• Lewis Hamilton Won Singapore Grand Prix 2018. Lewis Hamilton was followed by Red Bull’s Max Verstappen in the second spot.

• India, Sri Lanka inks MoU for Construction Of 5000-MT Temperature Controlled Warehouse. The warehouse will be constructed with an Indian grant assistance of 30 crore Sri Lankan rupees. The construction of a 5000-metric ton temperature controlled warehouse will used for fruits and vegetables to minimize its post-harvest losses.

• Vodafone Idea Board approved Merger With Aditya Birla Telecom. The merger was approved under the relevant provisions of the Companies Act, 2013. The merger is subjected to the approval of the National Company Law Tribuna

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