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Priya Serrao, Indian-origin Middle East Migrant crowned Miss Universe Australia 2019

Priya Serrao a 26-year-old India born woman, who migrated to Australia from the Middle East, has been crowned Miss Universe Australia 2019. The pageant winner said, “I absolutely didn’t expect it. I didn’t even have my parents there or any family or friends because I was so sure I was not gonna be placed anywhere,”. Serrao is a law graduate and works as a full-time policy adviser with the Australian government in Melbourne. Src- https://bit.ly/2ZWvri5

Mahindra Finance and Manulife form Asset Management Joint Venture in India

Manulife last week announced a joint venture with India's Mahindra & Mahindra Financial Services. The insurer sees India becoming a big part of its operations in Asia. India was one of the few countries in Asia where the company did not operate earlier. Canada's biggest life insurer Manulife's CEO Roy Gori has said that India can be "quite a significant part" of its business in Asia in the next 10 to 20 years. Src- https://bit.ly/2IU056e

Air India expected to report loss of Rs 7,635crore, Government To Go Ahead With Divestment

Debt-ridden national carrier Air India is expected to report a net loss of Rs 7,635crore during 2018-19 as per Provisional figures issued by the government. The reasons being attributed are higher exchange rate, rising oil prices and higher interest burden on the airline during the recently concluded fiscal. Air India had a net debt of Rs 58,351.93crore at the end of March 2019, increasing from about Rs 55,000 crore in FY18. Src- https://bit.ly/2YjHK7A

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MSRDC to take action against Reliance Infra if Sea link milestone not achieved.

Reliance Group which is in huge debts has been recently warned by Maharashtra State Road Development Corporation ( MSRDC). The department has said that the action will be taken if the Reliance Infra fails to complete the Rs 7000 cr Versova-Bandra sea link project. The Rating agencies have rated low points to Reliance as it is grappling with huge losses and debts. MSRDC is closely monitoring the project which is financed by the government, as an EPC contractor. Src- https://bit.ly/2XJLaUt

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