Saturday, Feb 16 2019 | Time 21:46 Hrs(IST)
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  • India raises basic customs duty to 200 pc on goods exported from Pakistan
  • With moist eyes and proud hearts, Madhya Pradesh lays a martyr son to rest
  • Over 20 people may be under rubble after building collapse in St Petersburg- Authorities
  • Last rites of two martyred CRPF jawan performed in Bihar
  • India raises basic customs duty to 200 pc on goods exported from Pakistan
  • Operation against IS in Syria's Baghouz village nearing end - SDF
  • Farooq chaired NC meet, condemns Pulwama terror attack, calls for peace
  • Pulwama attack: Nation bids teary-eyed adieu to bravehearts
  • Terrorism should be condemned in the strongest of terms: Mamata
  • Vande Bharat express geared up for its commercial run on Sunday
  • Pulwana attack: Rajnath holds high level meeting to review security situation
  • Jitendra calls on J&K Guv to discuss Jammu situation
  • Army Officer martyred in mine blast on LoC in Naushera sector
  • Cabinet ministers, top officials join people of Punjab in bidding adieu to state's Pulwama martyrs
  • Terrorism should be condemned in the strongest of terms: Mamata
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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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Indian Bank revises interest rate on domestic term deposits

16 Feb 2019 | 7:35 PM

Chennai, Feb 16 (UNI) Chennai headquartered Indian Bank announces upward revision in interest rate on Domestic Term deposits by 50 bps to 90 bps for amount less than A1 crore across various tenors viz.

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Indian Bank revises interest rate on Domestic Term Deposits

16 Feb 2019 | 7:30 PM

Chennai, Feb 16(UNI) Chennai headquartered Indian Bank announces upward revision in interest rate on Domestic Term deposits by 50 bps to 90 bps for amount less than A1 crore across various tenors viz.

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Germany's Steinbeis signs various MoUs for Technology Transfer in India

16 Feb 2019 | 5:55 PM

(Rptg, correcting headline)
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
Uttarakhand, a statement here said.

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Deepak Nitrite Limited reports growth of 22 pc in Q3 FY19

16 Feb 2019 | 5:21 PM

New Delhi, Feb 16 (UNI) Deepak Nitrite Limited has reported a growth of 21.

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Reliance Foundation reaches out to families of Pulwama CRPF martyrs

Reliance Foundation reaches out to families of Pulwama CRPF martyrs

16 Feb 2019 | 4:28 PM

Mumbai/New Delhi, Feb 16 (UNI) The Reliance Foundation on Saturday expressed its readiness to assume full responsibility of the education and employment of the children and the livelihood of families of the Pulwama martyrs.

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