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Odisha govt claims no loss of life in Similipal forest fire

The Odisha government on Wednesday claimed that there was no loss of life in the Similipal National Park fire, which has been raging for around a week and spreading to newer areas. However, it was not clear from a statement issued by the Chief Ministers Office what the authorities meant no loss of life of humans or animals. PTI tried to contact Additional Chief Secretary of Forest and Environment Department, Mona Sharma, for a clarification on this, but calls to him remained unanswered and he did not reply to messages. According to the statement, Sharma informed Chief Minister Naveen Patnaik during a review meeting that there has been no loss of life, large trees remained unaffected, and the fire has been brought under control.

Camlin Fine Sciences in demand on restarting Palghar unit

Camlin Fine Sciences jumped 4.49% to Rs 143 after the company announced that it will restart its manufacturing unit situated at Tarapur, district Palghar in Maharashtra from 2 March 2021.Earlier on 9 February 2021, the Regional Officer of Maharashtra Pollution Control Board (MPCB) directed the company to close the Palghar manufacturing unit on account of alleged violations of the provisions of Water (Prevention and Control of Pollution) Act, 1974 and Air (Prevention and Control of Pollution) Act, 1981 and the rules made thereunder. The unit was closed on 22 February 2021. MPCB, vide its letter dated 1 March 2021, has issued restart directions with respect to the said manufacturing unit subject to the company fulfilling certain terms and conditions. The company has immediately initiated necessary steps for fulfilling the terms and conditions mentioned in the said directions. The manufacturing unit shall now be functional from 2 March 2021.

Bank of Maharashtra slips after RBI imposes penalty for non-compliance

Bank of Maharashtra fell 1.08% to Rs 23 after the Reserve Bank of India (RBI) imposed a monetary penalty of Rs 2 crore on the state-owned bank. The RBI has imposed the said penalty for non-compliance with certain provisions of the central bank s frauds classification and reporting direction. Bank has taken necessary preventive measure / comprehensive actions to avoid such recurrence in the future, Bank of Maharashtra said in a BSE filing made after market hours yesterday. Bank of Maharashtra is a public sector bank in India. The Government of India held 93.33% stake in Bank of Maharashtra as on 31 December 2020. The bank s net profit jumped 14.07% to Rs 154 crore on a 3.41% rise in total income to Rs 3,577 crore in Q3 FY21 over Q3 FY20.

IRCTC slips on terminating mobile catering contracts

Indian Railway Catering and Tourism Corporation (IRCTC) fell 1.62% to Rs 1907.50 after the company informed about the termination of all existing contracts of mobile catering. In a regulatory filing made after market hours on Monday (1 March 2021), the company said that Ministry of Railways, in compliance of orders of High Court of Judicature at Madras, has directed IRCTC to terminate all existing contracts of mobile catering (currently kept in abeyance) involving scope of work of providing cooked food to passengers prepared from base kitchens as per the existing terms and conditions. The impact of the above directive is being assessed and will be informed to exchanges in due course, the company further said.

Rites secures two orders worth Rs 93 crore

Rites has secured orders worth Rs 93 crore. These include a turnkey order of signalling works from Ministry of Railways amounting to Rs. 67.18 crore and extension of general consultancy work for Nagpur Metro rail project and GEC positions from Gujarat Metro Rail Corporation amounting to Rs. 26 crore. Powered by Capital Market - Live News (This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.) Dear Reader, Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views an

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