15.10.22 Daily [Telangana] TSPSC Current Affairs

Johnson & Johnson (J&J), which is struggling with slowdown of demand for its consumer products in India, has sold its largest manufacturing plant in the country atPenjerlain toHeteroon a slump sale basis, according to a report in ET. The financial details of the sale were not disclosed, the report said. A J&J spokesperson did not comment on the matter.

J&Js manufacturing plant (55.3 acres) was completed in 2016 to make consumer Health products, including babycare range, beauty, earbuds, electrolyte drinks, oral and skincare. The plant, however, has been idle ever since. The company had to take an impairment charge of about Rs 310 crore and put up the plant for sale, according to the report.

According to the companys annual report, J&J had valued its land asset at Rs 33.1 crore in 2020-21.

This is the second plant sold by J&J in India. In 2021-22, it sold its medical division unit inBaddi, Himachal Pradesh, as part of its strategic management decision, according to the report.

India is the worst affected amongG20 nationsbycarbonemission-induced rise in temperatures, losing $159 billion (5.4% of its GDP) in 2021 due to labour capacity reduction caused by extreme heat, says a report released on Thursday by Climate Transparency. According to the report, carbonemissionsfrom energy use rebounded by 5.9% acrossG20nations last year and surpassed pre-pandemic levels, causing huge income losses in Services, manufacturing, <a href="https://exam.pscnotes.com/Agriculture-notes-for-state-psc-exams”>Agriculture and construction sectors.

The CT – an international PARTNERSHIP of organisations that provides an annual stocktake of climate action – noted that the G20 countries’ support to produce fossil fuels reached new heights at $64 billion in 2021 even before the Energy Crisis brought about by Russia’s invasion of Ukraine.

India on successfully ‘testfired’ a new generation nuclear capableballistic missileAgni Prime ballisticmissileoff the coast ofOdisha.

This is the third test of the two-stage solid propellant Agni Prime missile, which has a dual redundantnavigationandguidancesystem.

Earlier, two missiles were successfully tested in June and December last year.
The surface-to-surface ballistic missile has a range of 1000 to 2000 km.
The nuclear-capable missile has been designed and developed by the DEFENCE Research and Development Organisation (DRDO).

The Agni Prime missile, the smallest and lightest among the entire Agni series of ballistic missiles, will further bolster India’s strategic deterrence capabilities once it is fully operational after a series of “developmental and user trials.

The Rs800-crore Mahakal corridor is four times the size of theKashi Vishwanath Corridor.