Chennai grapples with flood aftermath

December 5, 2015

Chennai, Dec 5: The flood-ravaged city was today struggling to return to normalcy with partial restoration of telecommunication and train services, besides many roads also becoming fairly motorable even as waterlogging woes continued in several areas.

Army 2644495fTorrential rains have left at leasts 245 people dead since October 1, according to Tamil Nadu government. The situation took a turn for the worse on Tuesday with large areas of the city flooded. The deluge destroyed crucial road and rail links, shutdown the airport, snapped power and telecom lines and left lakhs of people stranded.

Waterlogging continued in many parts such as Kotturpuram, suburban Mudichur and Pallikkaranai even as hapless residents who had taken refuge on higher floors of buildings were seen pleading for essentials like milk and water which remain in short supply.

There were serpentine queues outside the few ATMs and petrol stations that were operating. Tamil Nadu government has said that the fuel situation will ease in the next couple of days. Banks in the state will remain open tomorrow, though it is a Sunday.

In its bid to link the southern parts of Chennai with the main city, Southern Railway announced operating services on the busy Egmore-Tamabaram stretch bringing much needed relief to the residents.

Although services are generally operated between Chennai beach and Tamabaram, trains are now being operated only between Egmore and Tamabaram and that too only on the main line, southern railway officials said.

In many areas, including Tamabaram, telephone landline services were being restored even as mobile services also picked up pace.

Rains lashed a few parts of the city overnight but let up in the morning though the sky remained overcast.

Supply of milk continued to remain erratic although state-run Aavin had taken steps to ensure adequate supply of the essential commodity. Vegetables continued to remain costly.

Many parts of the city and its neighbourhood were still reeling from power suspension even as false rumours of breach in Chembarapakkam lake in the night kept people living on its bank on tenterhooks. Police later informed that these were mere rumours and that there was no need to panic.

The rescue work was being spearheaded by the armed force but people in many localities claimed that the the local administration did not adequately address their problems.

Chennai airport, which had suspended operations due to flooding, is likely to resume technical ferry and relief flights.

The flood situation has eased as water levels in Adyar and Cooum rivers and other channels came down following reduced discharge of water from Chembarambakkam, Puzhal and Poondi, and Red Hills rivers dotting the city's outskirts.

Chief Secretary K Gnanadesikan yesterday said 3,50,000 people have been rescued by multiple agencies which include army, police and the National Disaster Response Force.

Rejecting criticism, he said various departments of the state government had put in "extraordinary" efforts to ensure that every affected person was attended to and ensure that nobody was left out in the process.

NDRF Director General O P Singh today took stock of the situation here.

He said that the NDRF personnel had rescued 16,000 people and were committed to do their best to help the people of the state.

The state government has announced that bus travel will be free till December 8.

Regarding shortage of fuel supply in the city and its neighbourhoods, the problem arose as oil companies suffered due to non-availability of trucks, the government said, adding that steps have been taken to mobilise more trucks.

77 such trucks had started arriving last night and normal supply will be restored in a couple of days, it said.

There were also unconfirmed reports that more than 30 bodies were brought to government Royapetah hospital of people who may have died in the rains and floods.

The bodies of 14 of the 18 patients who died at a private hospital were also brought there.

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News Network
April 17,2020

New Delhi, Apr 17: With 1,076 new cases of COVID-19 in the last 24 hours and 32 deaths, India's total count of coronavirus cases has surged to 13,835, said the Union Ministry of Health and Family Welfare on Friday.

The total cases are inclusive of 1,766 cured and discharged patients, one migrated and 452 deaths. At present, there are 11,616 active COVID-19 cases in the country.

Before the lockdown, the doubling rate of COVID-19 cases was about three days, but according to the data of the past 7 days, the doubling rate of cases now stands at 6.2 days, said Lav Aggarwal, Joint Secretary, Health and Family Welfare.

"Before the lockdown, doubling rate of COVID-19 cases was about three days but according to the data of past 7 days, the doubling rate of cases now stands at 6.2 days," Aggarwal said during the daily briefing on COVID-19.

Aggarwal said that as many as 5 lakh rapid antibody testing kits are being distributed to States and Districts where a high case burden has been observed.

"A total of 1,919 dedicated COVID-19 hospitals with 1.73 lakh isolation beds, 21,800 ICU beds readied in India," he added. 

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News Network
March 10,2020

Mar 10: Indian energy tycoon Mukesh Ambani is no longer Asia’s richest man, relinquishing the title to Jack Ma after oil prices collapsed along with global stocks.

The rout, exacerbated by mounting fears that the spread of the novel coronavirus will thrust the world into a recession, erased $5.8 billion from Ambani’s net worth on Monday and pushed him to No. 2 on the list of Asia’s richest people, according to the Bloomberg Billionaires Index. Ma, the Alibaba Group Holding Ltd. founder who relinquished the No. 1 ranking in mid-2018, is back on top with a $44.5 billion fortune, about $2.6 billion more than Ambani.

Oil plunged the most in 29 years on Monday as Saudi Arabia and Russia vowed to pump more in a struggle for market share. The slump comes just as the coronavirus is spurring the first decline in demand in more than a decade. That raises questions about whether Ambani’s flagship Reliance Industries Ltd. will be able to cut net debt to zero by early 2021, as he has pledged. The plan hinges on a proposal to sell a stake in the group’s oil and petrochemicals division to Saudi Arabian Oil Co., the world’s biggest crude producer.

While the coronavirus has curtailed some of tech giant Alibaba’s businesses, the damage has been mitigated by increased demand for its cloud computing services and mobile apps.

Reliance Industries, by comparison, has no such silver lining. The Indian conglomerate’s shares plunged 12% on Monday, the most since 2009, extending this year’s decline to 26%. Alibaba’s American depositary receipts have slipped 6.8% so far in 2020.

Ma reclaims crown after Reliance shares were pummeled in 2020.

Few of the world’s billionaires fared well in Monday’s collapse as the S&P 500 Index and Dow Jones Industrial Average each plunged more than 7.5%, the most since the 2008 financial crisis, threatening to end the longest bull market in history. But no one did worse than those whose fortunes are underpinned by oil. Wildcatter Harold Hamm’s fortune was cut almost in half to $2.4 billion and fellow oil magnate Jeff Hildebrand lost $3 billion, bumping both from Bloomberg’s 500-member wealth ranking.

In a pivot toward new businesses such as telecommunications, technology and retail, Ambani’s Reliance Industries has piled on billions of dollars of debt over the years.

It spent almost $50 billion -- most of it funded by borrowings -- to build Reliance Jio Infocomm Ltd., which became India’s No. 1 wireless carrier within about three years of its debut. As the mobile venture took off, Ambani also unveiled plans for an e-commerce empire to rival Amazon.com Inc. in India.

Addressing concerns over the liabilities, Ambani pledged in August to cut the group’s net debt to zero from about $21 billion as of last March. The Aramco deal is crucial to that plan for which Reliance Industries has valued its oil-to-chemicals division at $75 billion including debt, implying a $15 billion valuation for the 20% stake that’s for sale.

Signs of a potential delay to that deal unnerved some investors, hammering the stock since it touched a record high on Dec. 19.

Reliance Industries expected the Aramco transaction to be completed by March, but people familiar with the matter said in February that talks were still ongoing to bridge differences between the two parties over the deal’s structure.

Adding to the uncertainty, Indian Prime Minister Narendra Modi’s administration has petitioned a court to halt the proposed stake sale, threatening a key source of funds needed to pare net debt.

But Ambani, 62, may soon bounce back from the setback, said Harish H.V., managing partner at ECube Investment Advisors in Bengaluru, India.

“The game isn’t over,” he said. “Ambani has successfully built a robust business model which would keep him in the game. Moreover, his telecom business will start yielding results in coming years.”

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SmR
 - 
Tuesday, 10 Mar 2020

The curses of the bank depositors savings which vanished with collapsing economy and fraudlent seems to have gradully affecting riches of Ambani's.

 

AU
 - 
Tuesday, 10 Mar 2020

in Holy Quran Allah says; but they plan and Allah plans, and Allah is the best planners..(Surah Al Anfal 8:30)

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News Network
February 29,2020

Kollam, Feb 29: Seven-year-old Devananda, whose body was found in a lake, was laid to rest at Kudavattoor in the Kollam district of Kerala on Friday evening.

She was laid to rest near her father Pradeep Kumar's house in Kudavattoor. Earlier, the body was kept at her mother Dhanya's house in Ilavoor and Vakkanadu school, where she studied in Class 1, for the public to pay respect.

Hundreds of people visited to pay their last respects to the child.

An intense social media campaign was launched to trace the child after she was reported missing on Thursday morning.

According to police, an autopsy conducted in Thiruvananthapuram Medical College led to a preliminary conclusion that the cause of death was drowning. Residues of mud and silt have been found in her respiratory tract.

Signs of any kind of violence inflicted on the child have been ruled out. The body was released to the family after the autopsy.

Chief Minister of Kerala Pinarayi Vijayan and Opposition leader Ramesh Chennithala, BJP state president K Surendran were among many politicians who offered the condolences.

Many celebrities including Mammootty, Dulqar Salman, Kunchako Boban took to Facebook to pay their tribute to Devananda.

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