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A section of a foot overbridge in Mumbai caved in over the Western Railway (WR) tracks during Tuesday morning's peak hours following incessant rain, leaving five persons injured, and creating a scare among the commuters, an official said. The crash has affected Mumbai's lifeline -- the suburban train services, which ferries around eight million commuters daily. The injured, who include one woman, have been admitted to the Brihanmumbai Municipal Corporation's R N Cooper Hospital in Vile Parle, a BMC official said. One of them is critical. Railway Minister Piyush Goyal has ordered an inquiry into the incident. For 2 expert advice click here: CapitalHeight.

     On Air India's disinvestment, Prime Minister Narendra Modi has said his government doesn’t want to be accused of selling something cheaply.
In an interview to Swarajya magazine, Modi said he disagreed with the perception that his government had been half-hearted at divesting from public sector entities. He said it had undertaken “significant disinvestment”. Modi said his government has pursued Air India’s divestment “with utmost sincerity”. “You have to differentiate between the lack of response to one sale offer and a policy decision,”

Vishvapradhan Commercial Pvt Ltd (VCPL) has decided to appeal against the Securities and Exchange Board of India's (Sebi's) order issued last Tuesday directing the company to make an open offer within 45 days to acquire shares of NDTV Ltd. The reason for the Sebi order was that VCPL has indirectly acquired control of over 52 per cent of the media company without making an open offer. Sources close to Vishvapradhan confirmed that the company has decided to appeal against the decision in the Securities Appellate Tribunal -- a statutory body that has been set up to hear appeals against Sebi orders.

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