Saturday, Feb 16 2019 | Time 17:50 Hrs(IST)
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  • Mortal remains of two CRPF jawans arrive for last right with full state honour, Naveen enhances the ex gratia to Rs 25 lakh
  • Bar Council condemns Pulwama terror attack
  • Father shot his son in a coffee estate at Arehalli in Hassan district
  • Congress legislator lodges complaint against Assam police's high handedness
  • KSTDC: Karnataka CM launches 'Script Your Adventure'
  • Thunderstorm, strong winds likely over northeastern & southern pockets of India
  • Audio tape case: Special Court grants interim bail to B S Yeddyurappa
  • Mortal remains of two CRPF jawans arrive for last right with full state honour: Naveen enhances ex- gratia to Rs 25 lakh
  • AP CM announces Rs 5 lakh ex-gratia to bereaved families of martyred CRPF personnel
  • Coffins of two slain CRPF jawans arrive;Guard of honour given as mourners chant 'Bande Mataram' and 'Bharat Mata Ki Jai'
  • Oppn urges PM to call meeting of chief's of all parties on Pulwama terror attack
  • Kenyan police question Australian over rounds of ammunition
  • Two people die, 5 injured in road mishap in Punjab
  • President to attend on Sunday closing ceremony of Agri Leadership Summit at Sonepat
  • 22 militants killed in airstrikes in central Afghanistan
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KKR acquires 60 pc stake in Ramky Enviro

Hyderabad, Feb 11 (UNI) KKR, a Global investment firm has completed its acquisition of Ramky enviro engineers Limited (REEL), a leading provider of environmental services and solutions in the country, by acquiring 60 per cent stake in REEL for Rs 3630 crore through primary and secondary investments.
In addition to investing in Ramky Enviro from its KKR Asian Fund III, the investment is part of KKR’s Global Impact strategy, which is focused on identifying and investing behind businesses with positive social or environmental impact that measurably contribute solutions to one or more of the United Nations Sustainable Development Goals.
In a statement here on Monday, REEL Managing Director and CEO, M. Goutham Reddy, said, “India is home to some of the world’s most pressing waste management needs, and Ramky Enviro has an important role to play in providing critical solutions to communities across the country.
Ramky Enviro will continue its socially impactful environmental work around Climate Change, and will focus on emerging markets with renewed vigour with this new partnership and investment, he said.
KKR Managing Director Rupen Jhaveri said “Supporting promising companies that offer solutions to global challenges in areas such as the environment, health and human capital has become an increasingly important focus for KKR worldwide.
Ramky Enviro is exemplary in being a comprehensive environmental management company whose work supports the Swachh Bharat (Clean India) Mission to reduce pollution and improve critical sanitation infrastructure nationwide.
We are confident that, with our industry experience and resources, REEL will be better positioned to achieve its social mission over the long term, he added.
KKR Global Impact Co-Heads Robert Antablin and Ken Mehlman, said, that we believe Ramky Enviro will address this critical need while advancing two of the United Nations Sustainable Development Goals.
The firm also has a history of investing in businesses that promote sustainable solutions to societal challenges and this experience of responsible investment combined with a changing landscape of global challenges led to KKR’s decision to create a dedicated Global Impact business in 2018, they added.
REEL currently operating waste treatment facilities in more than 60 locations across India, Singapore, the Middle East, and Africa.
The Company handles 3.5 million tons of municipal waste, 1 million tons of industrial waste, and caters to 20,000 healthcare establishments.
UNI KNR SHK1850
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Germany's Steinbeis signs MoUs various for Technology Transfer in India

16 Feb 2019 | 3:48 PM

New Delhi, Feb 16 (UNI) With an aim to implement the German model of Innovation and technology
transfer and help the MSME sector grow in India, Steinbeis Centre for Technology Transfer, Germany signed MoUs with UKSDM (Uttarakhand Skill Development Mission) for setting up Dual TVET Studies Centre in
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Pulwama attack: Trade body announces bandh in 18 states on Feb 18

16 Feb 2019 | 3:47 PM

New Delhi, Feb 16 (UNI) Confederation of All India Traders on Saturday announced that most of the states will observe Trade Bandh on February 18 to depict their solidarity with nation, government and the bereaved families of the martyrs'.

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MARKET-GUJ-CLOSE

16 Feb 2019 | 3:46 PM

Ahmedabad, Feb 16 (UNI) The Ahmedabad commodities market like Gur, Grain, Sugar, Cotton, Oil, Bullion and others remained closed on Saturday in view of a bandh call given by all the Market yards.

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