Business

Washington, May 30 (PTI) Three Indian companies have got licences from NASA to manufacture its indigenously developed ventilators for critical COVID-19 patients.

The three Indian companies are Alpha Design Technologies Pvt Ltd, Bharat Forge Ltd and Medha Servo Drives Pvt Ltd, the space organisation said in a statement on Friday.

Apart from the Indian firms, 18 other companies, including eight American and three Brazilian, have been selected to manufacture the critical breathing devices.

New Delhi, May 30 (PTI) Institutional investment in Indian real estate fell 12 per cent to USD 4.48 billion (around Rs 33,800 crore) last fiscal year on lower economic growth and uncertainty over the coronavirus pandemic, US-based property consultant Vestian said.

"The fiscal year 2020 saw a total institutional investment of USD 4,480 million. This depicted a decline of 12 per cent when compared with the quantum of investment in the previous year fiscal year 2019," Vestian said in the report.

Washington, May 31 (PTI) US President Donald Trump on Saturday postponed the "outdated" Group of Seven summit that he planned to hold in June at the White House, seeking inclusion of India and some other countries to the grouping of world's top economies.

Trump told reporters, travelling with him on board the Air Force One from Florida to Washington DC, that he is "postponing it until September" and plans to invite Russia, South Korea, Australia and India.

MOSCOW, May 31. /TASS/: Deliveries of the Russian drug Avifavir for treatment of coronavirus infection cases may start on June 11, the Izvestiya newspaper reports, citing the Russian Direct Investment Fund (RDIF). The pharmaceutical will not be released for free sale and it will only be used under the supervision by medical workers, the newspaper said.

"It will be supposedly supplied to Russian hospitals on June 11, 2020, RDIF noted," the newspaper reported.

Mumbai, May 31 (PTI) The Maharashtra government on Sunday extended till June 30 the lockdown in the entire state, and announced easing of restrictions and phase-wise resumption of activities under the "Mission Begin Again".

As per the revised guidelines issued on Sunday, all markets, market areas and shops, except malls, will be allowed to functionfrom June 5 on odd-even basis.

While all private offices can operate with up to 10 per cent their employee strength as per the requirement from June 8 with others working from home.

TASHKENT, May 31 (NNN-AGENCIES) – Uzbekistan’s Energy Ministry, announced invitation to bid for the design and construction of three hydro-power plants in southern Kashkadaria region, with support from the Asian Development Bank (ADB), the ministry said, Saturday.

Uzbekistan received funding from the ADB for the Sustainable Hydro-power Project, under which Rabat, Chappasuy and Tamshush hydro-power plants on the Aksu River will be built, according to the ministry.

YANGON, May 31 (NNN-MNA) – The Myanmar government has ordered all staff to return to work as usual, starting tomorrow, a government official told a press briefing on Saturday.

“Due to the COVID-19 outbreak, the government ordered half of the staff to stay at home in recent months,” said Zaw Htay, spokesperson of the President’s Office.

The offices must follow the health measures issued by the Ministry of Health and Sports, he said.

Meanwhile, basic education schools will be reopened in mid-July.

DAMASCUS, May 31 (NNN-SANA) – The Syrian army, on Saturday, received a batch of MiG-29 warplanes from Russia.

The delivery took place during a ceremony, held at the Russian-run Hmeimim air base, in Syria’s north-western province of Latakia, said the report, adding that, the warplanes flew from Hmeimim to the respected Syrian bases.

The Syrian pilots will start using the warplanes in manoeuvres, as of June (tomorrow), said the report.

30 May 2020; MEMO: Lebanon has scant chance of securing badly needed aid from the International Monetary Fund as the government fails to enact reforms demanded by donors to address its financial crisis, opposition politician Samir Geagea said on Friday, Reuters reports.

“Unfortunately, (matters) are going from bad to worse,” he said. “It could, in my opinion, reach social unrest, and social violence.”

KUALA LUMPUR, May 30 (NNN-BERNAMA) — In line with the reopening of the economy which saw nearly 70 per cent of the workforce returning to work in various sectors, Malaysia has the capacity that is set to spur economic recovery in 2021, Finance Minister Tengku Zafrul Tengku Abdul Aziz said.

“We must rise again and record a positive Gross Domestic Product growth as opposed to the negative GDP forecast for this year in line with the global economic growth,” he said in an exclusive interview for a Bernama TV documentary on “Malaysians United Against COVID-19”.