Wednesday, 25 Nov 2020

Rolls-Royce Plans Sale of Bergen Engines Unit, Telegraph Says

GST collections cross ₹ 1 lakh crore in Oct for first time in 8 months

The total number of GSTR-3B returns filed till October 31, 2020, is 80 lakh.

GST collections in October stood at over ₹ 1.05 lakh crore, crossing for the first time ₹ 1 lakh crore mark since February this year, the finance ministry said on Sunday.

The gross GST revenue collected in the month of October 2020 is ₹ 1,05,155 crore of which CGST is ₹ 19,193 crore, SGST is ₹ 5,411 crore, IGST is ₹ 52,540 crore (including ₹ 23,375 crore collected on import of goods) and cess is ₹ 8,011 crore (including ₹ 932 crore collected on import of goods), the ministry said in a statement.

The revenue for the month is 10% higher than ₹ 95,379 crore collected in the same month last year.

The Goods and Services Tax (GST) collections fell from the psychologically important ₹ 1 lakh crore mark as the lockdown imposed to contain the COVID-19 spread dented economic activity.

England's lockdown could be extended, UK minister Gove says

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LONDON (Reuters) – British cabinet minister Michael Gove said on Sunday that a one-month lockdown announced for England could be extended.

Asked if a lockdown could be extended beyond early December, Gove told Sky News: “Yes.”

Police Arrest Suspect After Stabbings in Quebec City Kill 2

Quebec City (AP) — Police in Quebec City early Sunday arrested a man on suspicion of killing two people and injuring five others in a stabbing rampage near the provincial legislature on Halloween.

They say a man in his mid-20s has been arrested in connection with the Halloween night attacks and taken to a hospital.

Police had earlier warned residents to remain indoors as they hunted for a man dressed in medieval clothing and armed with a bladed weapon who had left “multiple victims.”

Spokesman Etienne Doyon said police were first notified of the stabbings near the National Assembly shortly before 10:30 p.m. Saturday.

The five injured victims were taken to a hospital, and a spokeswoman said their lives did not appear to be in danger.

Police asked area residents to remain indoors as their investigation was ongoing.

There’s no word on a possible motive for the attacks.

Turkish Politician in Erdogan’s Party Dies From Virus

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Istanbul (AP) — A Turkish politician from President Recep Tayyip Erdogan’s ruling party has died from the coronavirus.

Burhan Kuzu, 65, had been receiving treatment for COVID-19 since Oct. 17, the country’s health minister tweeted. He passed away Sunday.

A constitutional lawyer and a founding member of the governing Justice and Development Party, Kuzu served in parliament four times.

Two senior officials close to Turkey’s leader — presidential spokesman Ibrahim Kalin and Interior Minister Suleyman Soylu — tweeted on Saturday that they had contracted COVID-19. Both said they were doing well. Soylu was in a hospital.

The latest Health Ministry statistics show at least 10,252 people have died from COVID-19 in Turkey. Some health experts say the government is downplaying the extent of the country’s outbreak in the way it counts cases.

‘All Cash’: LeBron James Hails Barack Obama’s Smooth 3-Pointer Before Michigan Rally

Basketball king LeBron James gave a sweet shout out Saturday to Barack Obama, who effortlessly made a three-point shot at a Flint, Michigan, basketball court before a campaign rally.

“Whoah, whoah, whoah!” responded one stunned spectator.

“That’s I what do,” Obama bragged just a little as he strode off..

He later tweeted a clip of the feat, with the message: “Shoot your shot,” and a link to iwillvote.com. 

James shot back: “You just showing out now my friend … Ok ok I see. All cash!”

The court where Obama nailed his three-pointer was at Flint Northwestern High School, where a number of NBA players got their start.

Obama often played basketball when he was in the White House.

In the new documentary “The Way I See It,” Obama’s White House photographer Pete Souza recalled the time he captured the former president blocking a shot by former NBA star Reggie Love. As Obama walked away from the court, he asked Souza: “Did you get that block?”

Twitter followers couldn’t help comparing Obama to Trump’s “shots,” like the time he chucked rolls of paper towels at Puerto Rican hurricane survivors n 2017.

Rolls-Royce Plans Sale of Bergen Engines Unit, Telegraph Says

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Rolls-Royce Holdings Plc has hired Deloitte to conduct the sale of its diesel and gas engine division Bergen, which could fetch up to 100 million pounds ($129 million), the Sunday Telegraph reported.

Germany’s MAN SE and Finland’s Wartsila Oyj could be potential buyers and a sale is expected early next year, according to the report, which didn’t say where it got the information.

The Bergen unit, which produces engines that generate electricity to power ships, posted an underlying operating loss of 18 million pounds on sales of 239 million pounds, and took a 58 million-pound impairment last year, the report said.

Rolls-Royce shareholders backed a 2 billion-pound equity raise last week, in a key step toward shoring up the British engine maker’s finances to outlast the Covid-19 pandemic.

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