Latest news with #PankajJain
India Today
26-05-2025
- Health
- India Today
New Covid variant developing like a viral, symptoms like cough: Delhi Minister
Hours after Delhi's Covid-19 case count was reported to have breached the 100-mark, Health Minister Pankaj Jain said that the latest variants are slowly developing like viral fever bearing symptoms of common cold and cough. He sought to allay concerns amid a steep rise in the number of cases in recent days, saying there was no need to an apparent rise in new Covid-19 infections across several cities, the country has detected cases of two new variants - NB.1.8.1 and LF.7 - according to fresh data from the Indian SARS-CoV-2 Genomics Consortium (Insacog), a central government is no reason to be afraid of Corona. All patients who have come in now show symptoms of a normal cold-cough. So there is nothing to panic, and this visible variant is slowly developing like a viral. No one needs to be afraid of this," news agency ANI quoted Jain as saying. Earlier, Delhi Chief Minister Rekha Gupta said that there was no need to panic about the surge and that the hospitals are fully prepared for any emergency."We have details of the Covid-19 cases. Our hospitals have all the facilities. We have also issued an advisory," the Chief Minister told of the 1,000 active cases of Novel Coronavirus in India, Kerala reported 335 fresh infections, taking its total active cases to 430, while Maharashtra and Delhi saw 153 and 99 new cases respectively. Active Covid-19 cases in Maharashtra and Delhi now stand at 209 and 104, respectively, as per government of now, the World Health Organisation (WHO) classifies both LF.7 and NB.1.8 as Variants Under Monitoring, and not under Variants of Concern or Variants of InMust Watch IN THIS STORY#Delhi#Kerala#Maharashtra
India Today
23-05-2025
- Health
- India Today
23 active Covid-19 cases in Delhi, no need to panic: Delhi Health Minister
Amid a spate of Covid-19 cases in parts of India, Delhi has detected 23 active cases of novel coronavirus infection till Thursday, Health Minister Pankaj Jain said on of these cases have been reported after tests conducted at private labs, Jain said, adding that it is yet to be ascertained whether these cases originated in Delhi or came from outside the the wake of the number of cases reported, we are in constant touch with medical superintendents of all hospitals in Delhi. The Delhi government is fully prepared to tackle any situation. There is no need to panic as the latest variant looks like a common influenza only," Jain said while speaking to the media. All the 23 patients who have tested positive for Covid-19 are stable and out of danger, Jain added."All the hospitals in the city are fully equipped and prepared for any emergency. There is no dearth of oxygen cylinders, testing kits or any other facility to take care of Covid-positive patients," the Delhi health minister said. "We have set up an 8-member team which visits hospitals taking stock of the preparations".However, the administration is not expecting any emergency situation to crop up, Jain assured, as he looked to allay fears around the surge in the number of cases across India and some Asian has seen the biggest surge in Covid-19 infections, with 182 infections reported across the state so far in May.A total of 53 active cases have been reported from Mumbai with no recent deaths related to the Monday, the director general of health services chaired a review meeting of experts from the National Centre for Disease Control, Emergency Medical Relief division, Disaster Management Cell, the Indian Council of Medical Research and Central government hospitals have been instructed to monitor influenza-like illnesses and severe acute respiratory infection InTrending Reel IN THIS STORY#Delhi
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Business Standard
30-04-2025
- Business
- Business Standard
Indian Oil to import LNG under 5-year agreement with US-based Trafigura
Indian Oil Corp, the country's largest refiner, has signed a five-year deal with trading firm Trafigura to import liquefied natural gas (LNG), Reuters reported on Wednesday. Under the arrangement, Trafigura will deliver three to four LNG shipments in the current year, followed by six shipments annually beginning next year. The pricing structure for these imports will be tied to the US Henry Hub benchmark. India is aiming to increase its energy purchases from the United States to address trade imbalances with the world's largest economy, while traders are seeking to redirect some LNG originally destined for China toward India. In March, Reuters reported that India is evaluating a proposal to cut import duties on American LNG to enhance procurement and reduce its trade surplus with Washington. Additionally, Gail India recently sought to acquire a stake in an LNG project in the US, coupled with a 15-year import agreement. During Prime Minister Narendra Modi's visit to the US last month, India committed to raising its energy imports from the United States by $10 billion, reaching a total of $25 billion in the near term. Eliminating the import duty would make US liquefied natural gas more cost-effective and contribute to reducing India's trade surplus with the US, which stood at $45.4 billion last year. India has imported 25.9 million tonnes of LNG worth about $14.2 billion in the first 11 months of the financial year 2024-25 (FY25). India's LNG imports from the US are driven by Gail's long-term deals with US companies to buy 5.8 million tons of LNG annually. Oil Secretary Pankaj Jain had mentioned in February that Gail, Indian Oil Corp and Bharat Petroleum Corp (BPCL) are talking to US companies for additional LNG sourcing. The US ranks as India's second-largest energy provider. Both nations are working to increase supply volumes to meet the demands of India's economy, which is among the world's fastest-growing.
Yahoo
18-02-2025
- Business
- Yahoo
Algebrik AI and Corelation Announce Integration Agreement to Enhance Personalization, Drive Financial Inclusion & Improve Member Experience
NEW YORK, February 18, 2025--(BUSINESS WIRE)--Algebrik AI Inc., a Delaware-incorporated company headquartered in New York City, pioneering the world's 1st cloud-native, AI-powered, digital-era Loan Origination Platform (LOS), today announced an integration agreement with Corelation, a leading provider of core processing solutions for credit unions. This collaboration enables Algebrik's advanced LOS to seamlessly work with Corelation's KeyStone core system, offering credit unions additional capabilities to optimize their lending processes and enhance member engagement. Expanding Capabilities for Credit Unions Through this integration, credit unions can: Enhance Loan Origination Efficiency – Enable smoother workflows and expedited loan decisioning through seamless connectivity between Algebrik's LOS and Corelation's KeyStone core system. Leverage AI-Driven Insights – Use Algebrik's AI capabilities to derive real-time insights that support informed lending decisions and member interactions. Deliver Tailored Member Journeys – Offer personalized lending solutions designed to improve member satisfaction and engagement. Drive Financial Inclusion via Small $ Loans & Cash Flow Underwriting - Help credit unions reduce risk, grow their member base, and expand credit access to underserved members. Leadership Perspectives "We are excited to work with Corelation to expand the capabilities available to credit unions," said Pankaj Jain, Founder & CEO of Algebrik AI. "This integration allows credit unions to tap into the power of AI-driven LOS while continuing to leverage the strength and reliability of the KeyStone core system. Our goal is to support credit unions in delivering seamless, intelligent, and adaptive lending experiences." Strengthening Lending Operations This collaboration reinforces the commitment of both organizations to support credit unions with modern, data-driven lending solutions. By leveraging integration of Algebrik's AI-powered LOS with Corelation's KeyStone core system, credit unions can enhance operational efficiency, refine member experiences, and navigate evolving next-gen members' expectations with agility. For more information on how Algebrik AI is transforming lending, visit For latest on cutting edge lending technology & AI, follow Algebrik AI on Linkedin at: Or chat with the Algebrik AI team at: letschat@ About Corelation Based in San Diego, CA, Corelation has been driving innovation in core processing since 2009. Corelation's KeyStone core solution leverages state-of-the-art architecture to support financial institutions in delivering exceptional member experiences. KeyStone's open API framework ensures seamless connectivity with best-in-class fintech solutions, enabling credit unions to optimize operations and expand their service offerings. About Algebrik Algebrik AI, headquartered in New York City is the world's first cloud-native, AI-powered, digital-era Loan Origination Platform (LOS), designed for the next generation of members. In an industry that hasn't seen significant innovation in lending technology in over 25 years, it was high time that someone stepped in to help credit unions of all sizes regain their former glory. Algebrik AI's mission is to empower credit unions to attract, engage, grow, and retain next-gen members while staying competitive in today's digital era. By transforming loan originations end-to-end, Algebrik AI takes on the heavy lifting, allowing credit unions to focus on helping the members & communities they serve. For more information, visit View source version on Contacts Media Contacts: Algebrik AIPankaj JainFounder & Sign in to access your portfolio
Reuters
13-02-2025
- Business
- Reuters
India says Russian oil suppliers must provide sanctions-compliant cargoes
NEW DELHI, Feb 13 (Reuters) - India, the No. 2 importer of crude from Russia, wants to buy Russian oil only if it is supplied by companies and ships that have not been sanctioned by the United States, the country's oil secretary said. Widened sanctions on Moscow by western countries including the United States have roiled global oil trade and forced buyers of discounted Russian crude to find new ways to maintain their purchases. "It is the responsibility of the supplier to deliver to me something that meets my requirements of compliance," Oil Secretary Pankaj Jain told Reuters on the sidelines of the India Energy Week conference late on Wednesday. The Indian official's comments are the strongest declaration so far by the world's third largest oil importer and consumer on the country's position on Russian oil trade. India became the biggest buyer of Russian seaborne oil sold at a discount after Western nations imposed sanctions on Moscow and curtailed their energy purchases in response to Russia's invasion of Ukraine in 2022. India follows United Nations sanctions, rather than those imposed by individual countries, but fears of secondary sanctions by the United States create operational challenges in securing Russian oil as Indian banks and companies have significant exposure to the U.S. financial system. Purchase of Russian oil by India refiners have been hit after Washington 's sanctions last month targeting Russia's oil supply chain, which caused tanker freight rates to soar as some buyers and ports in China and India avoided sanctioned ships. Indian companies take delivery of oil at their import destination, not at the port of export, Jain said. "If there is a cargo which is meeting their internal diligence requirements they will accept it," he said. "My internal compliance and diligence requirements have to be met by any supplier, because it is coming to my doorstep." Indian refining officials said they have told Russian oil suppliers and traders that the oil they sell should comply with parameters of the U.S. sanctions. "We don't want to take risk. We are not going to touch any cargo that involves sanctioned entity or ships in the supply chain," said one of the Indian refining officials. The officials declined to be named as they were not authorised to speak to media. "We are only a buyer and clean logistics have to be arranged by sellers," said another official. Indian companies met the Russian business delegation at the conference earlier this week, according to the officials. Jain said Russian companies including Novatek ( opens new tab and Sber Bank were looking to collaborate on projects with Indian energy companies. here.
