Jaiprakash Power Ventures' second quarter revenue rose 5.1% year-on-year, while profit before exceptional items and tax climbed nearly 79%. A Rs 511 crore provision for a settlement with NARCL weighed on earnings this quarter. JP Power Ventures's consolidated net profit fell 81.7% year-on-year to Rs 33.34 crore in the quarter ended Sept 30, compared with Rs 182 crore in the year-ago period. The decline followed a Rs 511 crore exceptional charge towards a proposed full-and-final settlement with the National Asset Reconstruction Company Ltd. (NARCL) over a corporate guarantee furnished by the company for loans to Jaiprakash Associates. Net profit fell 81.7% to Rs 33.3 crore as compared to Rs 182 crore the previous year in the same period. Revenue from operations increased 5.1% year-on-year to Rs 1,512.12 crore from Rs 1,438.30 crore. Total income rose to Rs 1,579.34 crore from Rs 1,478.49 crore. The company's September-quarter earnings therefore reflect the impact of ...
Deaths attributed to Covid in China have increased to 9,000 people per day, according to a data firm, reported news.com.au, an Australia-based publication.
The news.com.au report also says, "British-based research firm Airfinity has doubled the number of people it estimates are dying from Covid in China as the number of infections soar. It comes after Beijing lifted draconian zero-Covid health measures in November that had been in place for years."
Protests erupted across China due to the harsh lockdowns after 10 people died in an apartment fire. There were allegations that firefighters were stopped from coming inside the apartment block due to the quarantine orders.
The country reversed its Covid policy due to widespread protests in its nine cities.
"Airfinity said its model was based on data from China's regional provinces before changes to reporting infections were implemented, combined with case growth rates from other former zero-Covid countries when they lifted restrictions," the report said.
The total number of deaths in China linked to Covid in December may hit 100,000, with at least 18.6 million cases. By mid-January, there could be as many as 3.7 million COVID cases in a day. By January 23, a total of 584,000 deaths are expected in China.
According to news.com.au, "Beijing has been accused of withholding health information so it's hard to accurately assess the numbers. However, China's National Health Commission (NHC) last week confirmed that the country's current outbreak is the largest the world has ever seen."
"More than a billion Chinese could be infected with Covid by March. And more than 30 per cent of the population may have already been infected, that is up to 400 million people," according to a The Australian report.
The virus is continuing to spread rapidly in China. Workers, however, are being called to go to work unless they have extreme symptoms.
Since China relaxed its controversial zero-Covid policy last month, the second-largest economy is struggling to deal with the meteoric rise in coronavirus cases throughout the country which is putting a burden on its healthcare system.
British virologist and biologist Jonathan Latham, Executive Director of the Bioscience Resource Project, said that Beijing is not being open and transparent about case numbers or deaths and that only accurate data can lead to good decisions in China and elsewhere.
"China is not being open and transparent about case numbers or deaths. This is true for many countries though. It would be great to have truly accurate information on those points, however, since only timely and accurate data can lead to good decisions in China and elsewhere. Good data would also test the theory that newer variants such as Omicron have a lower inherent death rate," Latham told ANI.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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