CBI Arrests Real Estate Firm Chairman In Yes Bank-DHFL Scam Case

New Delhi: The CBI today arrested Avinash Bhosale, chairman of Pune-based ABIL group that is into real estate, in an alleged corruption case involving Yes Bank founder Rana Kapoor and Kapil Wadhawan of DHFL, officials said.

The CBI suspects that illegal funds were routed through several real estate companies based in Maharashtra, they said.

The agency had carried out searches at the premises of some builders in the state on April 30 to further probe on this aspect of the case, they said. The premises of ABIL and Mr Bhosale were also searched during the operation.

Read More : https://www.ndtv.com/india-news/cbi-arrests-real-estate-firm-chairman-avinash-bhosale-in-yes-bank-dhfl-scam-case-3012848

How Zypp Electric is changing deliveries with its ‘zero-emission’ delivery fleet

If you regularly order food, pharmaceuticals or other goods online in Delhi or Gurugram, you might have seen a delivery agent arriving on a green electric scooter with Zypp’s brand name on the side. Zypp Electric is a Gurugram-based startup providing electric vehicles for last-mile delivery to companies looking for more eco-friendly delivery fleet solutions.

“When we say last-mile delivery, it means that we work with companies in the fields of food delivery, ecommerce, quick commerce companies, grocery delivery, pharma delivery etc. We become their logistics partner, where we provide them with a fleet of electric vehicles and drivers,” Akash Gupta, co-founder and CEO of Zypp, told indianexpress.com. Zypp Mobility offers drivers and electric vehicles to companies that want goods delivered. It also provides delivery agents with electric vehicles and delivery tasks from its client companies. Its clients include prominent names such as Amazon, Swiggy, Zomato, Zepto, and Blinkit. The company has worked with various OEM partners to buy, rent and lease vehicles that are particularly suited to the task of last-mile delivery.

Doctors, hospitals in Lebanon go on strike

BEIRUT: Dozens of doctors, nurses and medical personnel rallied on Thursday outside the Central Bank in the Lebanese capital of Beirut after declaring a two-day general strike to protest rapidly deteriorating economic conditions.

The strike was declared by two medical professionals’ unions — The Syndicates of Doctors in Beirut and the North and the Syndicate of Private Hospital Owners — which say they could no longer put up with Central Bank policies that have allowed banks to impose random capital controls and other restrictions.

During the strike, which ends on Friday, only emergency cases and dialysis patients would be admitted to hospitals, the unions said.

Lebanon’s medical sector, which up until few years ago was among the best in the Middle East, is on the brink of collapse, barely surviving the country’s unprecedented economic and financial meltdown.

The crisis that started in October 2019 has seen the local currency lose more than 90 percent of its value to the dollar, wiping out salaries and savings.

The hardship has led to the emigration of thousands of doctors and nurses and the closure of a large number of pharmacies, as well as severe shortages in medicines and medical equipment.

A number of hospitals have been warning they will have to close because they can no longer pay for their expenses or pay their employees’ salaries.

“Hospitals will close because there is no way they can continue. We have to pay cash when we have no access to cash,” said Suleiman Haroun, head of the private hospitals’ union, who joined the protest in Beirut along with a few hundred other colleagues.

He blamed Central Bank policies for destroying the sector.

Meanwhile, the Lebanese pound continued to hit new lows against the dollar, which was selling at around 35,600 pounds on the black market Wednesday.

The Lebanese currency was pegged at 1,500 pounds to the dollar for 22 years until the crisis erupted in late 2019.