It was a contentious plan to repay overseas bondholders in full that brought what would have been India's biggest retail deal to a grinding halt, media reports said.

Debt-laden Future Retail Ltd.'s offshore bondholders -- a relatively smaller part of the creditor pool -- were promised 100 per cent payment in the rescue offer from billionaire Mukesh Ambani, according to people with knowledge of the matter.

Indian lenders were asked to take a haircut of as much as 66 per cent, the people added, asking not to be identified discussing confidential information, Bloomberg reported.

As the Singapore government announced the lifting of Covid-19 restrictions in the country on April 22, Singapore's national carrier gears up to launch the A380 services to New Delhi and Mumbai in anticipation of the high demand for flights from those two cities to Singapore and beyond.

The government announced on Friday, (April 22), that from next Tuesday, residents will no longer be required to use TraceTogether, a system for Covid-19 exposure contact tracing and that all vaccinated travellers can enter Singapore without restrictions and with no need for testing.

The announcement was warmly welcomed by those in the travel industry and one of the main beneficiaries is Singapore Airlines (SIA). Singapore's national carrier had earlier announced that it will be launching A380 services to New Delhi and Mumbai due to high demand for flights.

In a politically fraught move, BJP’s Barrackpore MP, Arjun Singh, backed Trinamool Congress against the Centre over the jute price cap and its bearing on 45 lakh jute industry workers in Bengal.

Singh said he would “strongly protest” till the Centre revoked the Rs 6,500 per quintal price cap on jute and equated it with “hitting one’s own foot with an axe”.

Singh sent a strongly worded letter to Union textile minister Piyush Goyal on April 19 seeking his response within a week and said the action’s economic gains were outweighed by the political losses.

Philips India has started manufacturing radio frequency (RF) coils, used in Magnetic Resonance Imaging (MRI) systems, in the country. India has become the hub for manufacturing these MR coils for Philips globally. These products are also being supplied to other OEMs across the world. Production of MR coils is being transferred from overseas to India.

Philips is manufacturing the MR coils at the Philips Healthcare Innovation Centre (HIC) at Chakan, Pune, with an investment of Rs 400 crore under the PLI scheme of the government of India, Daniel Mazon, vice chairman & MD, Philips Indian Subcontinent, said. Philips was among the first companies to avail of the government’s production-linked incentive (PLI) scheme that supported local manufacturing of the MR coil. The plant has a capacity to produce 14,000 plus coils per year. The product made in India met the most stringent quality standards recognised across the world including the US, Europe and China, Mazon said. During the MRI scan, the coils are used to transmit the radiofrequency (RF) energy to the tissue of interest and to receive the induced RF signal from the tissue. The company is also working on an initiative for shifting the DXR (digital x-ray) footprint from Hamburg to Pune and Bangalore.

Union Road Transport and Highways Minister Nitin Gadkari on Thursday constituted an expert Committee to enquire into incidents involving electric vehicles and make recommendations on remedial steps.

This comes after several incidents of e-bikes catching fire and emitting thick smoke in Tamil Nadu and other states. Gadkari said companies may take advance action to recall all defective batches of vehicles immediately.

An electric bike emitted smoke in Tamil Nadu's Thiruppur on April 11, raising alarms over safety of e-scooters once again. This was the fourth such incident in three weeks since a father-daughter duo died after an electric bike exploded in Trichy.

Taking to Twitter, Gadkari said, "We have constituted an expert committee to enquire into these incidents and make recommendations on remedial steps.