Sunday, 9 May 2021

CII’s Kotak urges firms to voluntarily curtail operations

Opinion: Lions rookie GM Brad Holmes, running his first NFL draft, nearly as excited as his picks

And now come the grades.

You don’t have to tell Brad Holmes, the new Detroit Lions GM, that the real assessment of his first draft may not be realized for years.

But feedback from the NFL draft comes fast and furious, snap judgments in a microwaved environment.

“After we took the North Carolina State defensive tackle, Alim McNeill, my phone was blowing up,” Holmes, referring to the third-round pick, reflected to USA TODAY Sports. “Coaches and scouts were going, ‘Great pick!’ Then, as I was about to go to bed, somebody sent me a thing about somebody graded the pick an ‘F!’ The reason they graded it an ‘F’ was because we picked a defensive tackle and not a wide receiver. But what if we didn’t take the defensive tackle and still lacked depth there? Either way, it’s going to bite you." 

Man shot, killed Monday in Denver’s Highlands neighborhood – The Denver Post

A man was shot Monday morning in Denver’s Highlands neighborhood and later died from his injuries, according to tweets from Denver police.

Police officers investigated a shooting in the 2700 block of North Zuni Street, according to a 4:49 a.m. tweet. The victim was transported to a hospital. At 9:08 a.m., police tweeted an update that the man had died.

Anyone with information about the shooting in encouraged to call Crime Stoppers at 720-913-7867.

This is a developing story.

IDBI Bank back in black in FY21 after five years

Lender posts a profit of ₹1,359 crore

LIC-controlled IDBI Bank turned profitable in the fiscal ended March after five years, posting a net profit of ₹1,359 crore for the year.

In 2019-20, the lender had posted a net loss of ₹12,887 crore. IDBI Bank is back in black after five years, said the lender.

In the last quarter of the fiscal year 2020-21, the bank reported an almost fourfold jump in its net profit to ₹512 crore, IDBI Bank said in a press release

The bank, which came out of the RBI’s prompt corrective action (PCA) framework earlier in March, said its turnaround strategies led to the transformation.

Total income during Q4FY21 rose to ₹6,969.6 crore from ₹6,924.9 crore in the same period of 2019-20.

The full year income, however, was down to ₹24,557 crore against ₹25,295 crore.

Gross NPA (non-performing asset) ratio improved to 22.4% as on March 31 against 27.5%. Net NPA ratio improved to 1.9% from 4.2%

Cyclist, 49, dies after collision with shuttle bus at NTU

SINGAPORE – A 49-year-old cyclist died after colliding with a shuttle bus at Nanyang Technological University on Monday night (May 3).

The police were alerted at 8.40pm to the accident along Nanyang Crescent towards Nanyang Drive.

The woman was pronounced dead at the scene by paramedics.

In a video of the scene viewed by The Straits Times, a blue tent could be seen set up on a zebra crossing and at least four police cars.

Police investigations are ongoing.

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Jacksonville Jaguars coach Urban Meyer buys house on same block as Tim Tebow

Jaguars coach Urban Meyer and wife Shelley have bought a home in Jacksonville — on the same block as a familiar face: Tim Tebow.

A warranty deed was granted to the revocable trust fund of Shelley Jean Meyer on April 16 for $2.15 million in the gated Glen Kernan Golf & Country Club, according to Duval County property records.

The house, according to the Jacksonville Daily Record, has four bedrooms and five bathrooms at 5,785 square feet with a heated pool and spa and summer kitchen. 

TAKEAWAYS: 32 things we learned from the 2021 NFL draft

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CII’s Kotak urges firms to voluntarily curtail operations

‘Safeguarding lives is the highest collective national priority’

A day after mooting more stringent restrictions on economic activity to contain the ‘suffering’ from the pandemic, CII president Uday Kotak on Monday urged companies to take ‘voluntary measures’ to break the COVID transmission chain by minimising all activity that requires in-person presence at the work premises for the next two weeks.

Auto makers including Maruti Suzuki, Hero MotoCorp, JCB India and Honda Motorcycles and Scooters India have taken the lead by halting production temporarily or advancing maintenance schedules, to protect their employees, Mr. Kotak pointed out. Similarly, services sector firms such as Kotak Mahindra Bank, TCS and Infosys have adopted a work-from-home system.

“The healthcare system and medical personnel are stretched to the limit and exhausted. Measures to break the chain of transmission are of paramount importance to mitigate human tragedy and loss of lives, alongside augmenting health infrastructure and medical supplies,” Mr. Kotak said, asking all ‘responsible’ corporates to strive to protect their employees and ensure “their employee balance sheet” remains healthy.

Stressing that ‘safeguarding lives’ is the highest collective national priority now, Mr. Kotak reiterated the urgent need to heed the advice of experts on containing the spread.

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