SC to hear power firms’ petition on RBI’s insolvency mandate on 28 November

Section 7 of the Reserve Bank of India Act states that the Union government, in public interest, can give directions to the central bank from time to time. Photo: Mint New Delhi: The Supreme Court (SC) will on 28 November hear a challenge by power generation companies to the Reserve Bank of India’s (RBI) circular …

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IPPB: Transaction Limit And Charges You Pay For Instant Money Transfer

Other than providing a free intra-bank fund transfer service to its customers, India Post Payments Bank also provides instant money transfer services. IPPB or India Post Payments Bank charges a fee ranging from Rs 2.5 to Rs 50 per transaction from its customers for instant money transfer through NEFT, RTGS and IMPS payments platforms, according to …

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More skeletons could soon be tumbling out of Flipkart’s closet

Co-founder Binny Bansal’s transgression may not be the only case that has come to the surface as two other issues concerning a major real estate deal and an acquisition could eventually come to haunt Walmart, the new owners of e-commerce major Flipkart. Sources inside Flipkart said that the promoters of the company may not have …

More skeletons could soon be tumbling out of Flipkart’s closetRead More »

Madhya Pradesh elections 2018: Narendra Modi, Rahul Gandhi exchange angry notes over note-ban at rallies

Two years after the massive note-ban exercise, which saw overnight scrapping of the old Rs 500 and Rs 1,000 bills, demonetisation continued to be a hot button topic with the BJP and Congress leaders regularly sparring over the move. Prime Minister Narendra Modi and Rahul Gandhi Friday engaged in a war of words over demonetisation, …

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What Chinese youth like about India — Bollywood, Yoga and Darjeeling tea

Chinese youth like to watch Bollywood movies, practice Yoga and taste the Darjeeling tea. (Reuters) Chinese ambassador Luo Zhaohui on Friday said that the relations between India and China were at their best right now. He stressed on the need to take measures to enhance youth exchanges between both the countries. Zhaohui said that the …

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Arun Jaitley calls for quality debates on economic policies

“Debate and policy in economic areas can’t be guided by just slogans or populism, it has to be based on hard facts (and) analysis which are supported by data analysis itself,” the minister said. (File) Slogans and populism cannot guide economic policymaking, finance minister Arun Jaitley said Friday, underlining the need for policy debates based …

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RLSP meeting in Patna on Saturday, speculation about big announcement

Rashtriya Lok Samta Party (RLSP) chief Upendra Kushwaha RLSP chief Upendra Kushwaha said Friday the “impasse” over the seat-sharing arrangement among the ruling NDA constituents in Bihar and Chief Minister Nitish Kumar’s “insult” of him will be discussed in his party’s meeting in Patna on Saturday. In a sign that the Bharatiya Janata Party was …

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SC expresses gratitude to retired Justice A K Patnaik for supervising CVC inquiry in Alok Verma’s case

The Supreme Court Friday expressed “gratitude” to former apex court judge Justice A K Patnaik for “sparing his valuable time” and supervising the CVC’s inquiry on corruption allegations against CBI Director Alok Kumar Verma. A bench headed by Chief Justice Ranjan Gogoi observed that besides the preliminary inquiry report of the Central Vigilance Commission (CVC), …

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Statue of Unity to get air and rail connectivity

The Gujarat government Friday announced the newly inaugurated Statue of Unity near Kevadia village in Narmada district will get air as well as railway connectivity soon. Chief Minister Vijay Rupani held meetings with top officials of the Airports Authority of India(AAI) and the Railway Board in this regard during his Delhi visit Friday, said a …

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PFRDA wants UIDAI to treat Atal Pension Yojana at par with government benefit schemes

All those schemes of government benefits are exempted from the order on Aadhaar by the Supreme Court, the PFRDA chairman added. The pension fund regulator PFRDA has urged the UIDAI to treat Atal Pension Yojana at par with government benefit schemes and allow Aadhaar seeding, its chairman Hemant G Contractor said Friday. “We are actually …

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Emergency not possible because technology won’t permit press censorship, says Arun Jaitley

Arun Jaitley said that he has not been able to understand the criticism of those who criticize the most. (PTI) Finance Minister Arun Jaitley on Friday hailed technology for creating various forums and platforms because of which nobody can complain about their free speech being in danger. He also said that censorship cannot happen because …

Emergency not possible because technology won’t permit press censorship, says Arun JaitleyRead More »

Madhya Pradesh elections 2018: Let there be contest to assess performance of family and chaiwala, says PM Narendra Modi

Without naming anyone, Modi said, “In Parliament, too, Congress leaders talk of love, but express anger in Madhya Pradesh.” Prime Minister Narendra Modi on Friday said he was ready for a contest between the performance of “four generations” of the Nehru-Gandhi family and that of “four years of a chaiwala”, and asserted his government provided …

Madhya Pradesh elections 2018: Let there be contest to assess performance of family and chaiwala, says PM Narendra ModiRead More »

CHESS#1327

The title match started with a bang but subsequently quietened down. So far, it’s five straight draws. Defending champion Magnus Carlsen got a winning position in Game 1, playing a Sicilian Defence against challenger, Fabiano Caruana’s 1.e4. But Carlsen failed to convert, with Caruana fighting to draw an 115 move epic.Game 2 saw Caruana score …

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Tata Investment Corp board approves Rs 4.5-billion share buyback

Tata Investment Corporation informed the BSE that the board approved the buyback of up to 450 million equity shares in the meeting held on Friday for an aggregate amount of Rs 4.5 billion.The board approved the buyback of the shares amounting to 8.17 per cent of the total paid-up equity share capital at Rs 1,000 …

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Smartphone market is on par with that of feature phone: IDC

The smartphone market reached an “all-time high” of 42.6 million-unit shipments in Q3 2018, while the feature phone market registered shipments of 43.1 million units, according to the International Data Corporation (IDC) Quarterly Mobile Phone Tracker. The smartphone market registered a 9.1 per cent year-on-year growth, while that of feature phone market was 2.1 per …

Smartphone market is on par with that of feature phone: IDCRead More »

With rich content, ‘India is ready for Audible’

Varun Aggarwal Forum Gandhi A decade after acquiring Audible, an audio book company, Amazon has brought it to India. But as it brings one of its largest offering to the fastest growing market, Amazon also wants to change the way people consume content—not just through text, audio or video but through a combination of it …

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Infosys completes JV formation with Temasek

1 Infosys completes JV formation with Temasek Infosys names Jayesh Sanghrajka as interim CFO Intel sets ups second largest design centre in Bengaluru How Walmart decided to oust an icon of India’s tech industry Digital disruption to add 1.4 million new IT jobs in India by 2027 Vertical-focused strategy to drive NIIT Tech growth Infosys …

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Muzaffarpur shelter home case: Manju Verma declared absconder by court; order to attach property

Verma had stepped down as the minister for social welfare in August following reports that her husband had close links with Brajesh Thakur, prime accused in the scandal. (File) Former Bihar social welfare minister Manju Verma, who is evading arrest in an Arms Act case which cropped up in course of a CBI probe into …

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US stocks: Nasdaq futures fall 1 percent as Nvidia takes down chipmakers

Rival Advanced Micro Devices Inc dropped 7.5 percent and Micron Technology Inc, which sells memory to Nvidia for its gaming cards, declined 4 percent. Nasdaq futures fell more than 1 percent on Friday, as disappointing forecasts from chip companies Nvidia and Applied Materials battered the technology sector and fueled further worries about a chip boom …

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After Andhra, West Bengal revokes consent to CBI for raids, investigations

The West Bengal government Friday withdrew the ‘general consent’ accorded to the CBI to conduct raids or carry out investigations in the state, a top official at the state secretariat said.The West Bengal government’s decision came close on the heels of a similar step initiated by Andhra Pradesh.After the Andhra Pradesh government’s announcement, West Bengal …

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Parliamentary panel may question RBI Governor on stand-off with government

NEW DELHI: RBI Governor Urjit Patel is scheduled to appear before a parliamentary panel on November 27 to brief it on various issues, including the stand-off with the government, status of the economy and demonetisation, sources said. The 31-member Parliamentary Standing Committee on Finance, which includes former Prime Minister Manmohan Singh, is headed by senior …

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President Ram Nath Kovind embarks on key visits to Indo-Pacific region

NEW DELHI: President Ram Nath Kovind will pay a State Visit to Vietnam and Australia from November 18-24 as part of India’s effort to boost strategic partnership with key partners in the Indo-Pacific region. The President’s visit is part of India’s continuing and growing engagement with countries in the Indo-Pacific region under its “Act East” …

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Pakistan got a big aid deal from China; not to reveal amount under instructions from President Xi Jinping, says Imran Khan

The Pakistan government is facing grave economic challenges as it struggles to avoid a financial crisis and keep the economy afloat. (File) Pakistan has received a “big” package of aid from its all-weather ally, China, Prime Minister Imran Khan said Friday, but will not reveal the quantum of financial support as President Xi Jinping has …

Pakistan got a big aid deal from China; not to reveal amount under instructions from President Xi Jinping, says Imran KhanRead More »

Expired medicines sold by re-stamping them as unexpired serious matter, says Delhi High Court

“It is a serious matter,” the court said and listed it for further hearing on March 11. Terming as “serious” sale of expired drugs as unexpired by erasing the original manufacturing and expiry dates and re-stamping them, the Delhi High Court Friday said the Centre ought to look into the matter. A bench of Chief …

Expired medicines sold by re-stamping them as unexpired serious matter, says Delhi High CourtRead More »

Instagram rolls out ‘Your Activity’ feature to show how much time you spend scrolling photos in app

Instagram is now reportedly rolling out the You Activity feature (Source: The Verge) Instagram is now getting a new feature aimed at giving you an insight into how much time you spend scrolling photos and videos in the app. Called Your Activity, the feature offers the user control over their usage patterns on the photo-sharing …

Instagram rolls out ‘Your Activity’ feature to show how much time you spend scrolling photos in appRead More »

Flat growth for consumer appliances sector in H1 FY19: CEAMA

The only respite for the industry was the festive season sales in October, when it reported good single-digit growth. The consumer appliances and electronics sector, barring washing machines, has witnessed almost flat growth in the first half of this fiscal largely due to rupee depreciation that has spiked input costs, according to industry body CEAMA. …

Flat growth for consumer appliances sector in H1 FY19: CEAMARead More »

Where Stan Lee’s fictional superheroes lived in the real New York

Stan Lee, the mastermind of comics who plotted countless splats, yeeows and kabooms, created a four-color universe of crime fighters in tights that looked like New York, because it was. Somehow, it seemed grittier than the landscapes on which other superheroes flew and fought. But above all, it was real.His Fantastic Four knew their way …

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GAIL Might Buy Some Assets Of Debt-Laden IL&FS: Report

New Delhi:  Gas utility GAIL (India) might be interested in buying some of the wind assets of debt-laden Infrastructure Leasing and Financial Services (IL&FS) but has yet to have any discussion on the matter, two sources from GAIL said on Friday. The new board of shadow bank IL&FS, which has defaulted on some of its …

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India Post Payments Bank: Four Types Of Accounts You Can Operate

India Post Payments Bank or IPPB, a state-owned payments bank, currently offers four types of bank accounts to customers. Of these, three are savings accounts – regular, digital and basic – and one current account. The four kinds of bank accounts at IPPB come with different features, such as limits on withdrawals, balance requirements and …

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U.S. judge temporarily restores White House press pass to CNN’s Jim Acosta

1 U.S. judge temporarily restores White House press pass to CNN’s Jim Acosta Pakistan got a “big” aid deal from China: PM Imran Khan A leader who doesn’t take timely U-turns is not a real leader: PM Imran Khan Trump to honor donor’s wife with presidential award Correction: Ailing Iranian-American detained in Iran story Sri …

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Gold Prices Surge on Safe Haven Demand, Weaker Dollar

Investing.com – Gold prices surged on Friday as American officials dashed hopes for an imminent solution to trade tensions between China and the U.S. and the dollar suffered from dovish comments from the Federal Reserve and a bearish call from Morgan Stanley (NYSE:). At 10:49 AM ET (15:49 GMT), for December delivery on the Comex …

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When one prefers goat to greens

Panic is not something our household is given to, but these past months every time our son’s fiancé is due to visit, a feeling of alarm grips the kitchen staff. The lovely lady, with otherwise eclectic tastes, isn’t much given to diversity when it comes to food habits.She is what our friends describe as a …

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View: Warren Buffett, we hardly recognise you

By Tara LachapelleWhat makes a good Berkshire Hathaway Inc. investment? With the exception of Warren Buffett and his deputies, nobody knows anymore. It wasn’t all that long ago that there existed the quintessential Berkshire investment. You know the kind. Whether in the form of a public stake or a full-out acquisition, Berkshire’s shopping history is …

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Why Saffronart’s Dinesh Vazirani is upbeat about getting into art education

Vazirani tells Avantika Bhuyan how today’s art collectors are different from those of an earlier generation and why he is thinking seriously about getting into art education It’s a sun-kissed November afternoon. I enter the newly refurbished environs of The Oberoi, New Delhi, to meet Dinesh Vazirani, CEO and co-founder, Saffronart.It’s a long walk through …

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A coppersmith’s tale

Last month as I was browsing products produced by craftspeople at a buyer-seller meet organised by the District Industries Centre, Almora, I discovered that the tiny copper pots my grandmother used in her pooja room decades ago, were still being made here. Some things, I mused, didn’t go out of fashion.Or did they? A chat …

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Centre soon to meet telcos, discuss call-drop

As the issue of call-drop persists, the government will soon meet operators to get their views and also discuss ‘fibre first’ initiatives, a top official at Department of Telecommunications (DoT) said here on Friday. “Call-drops are a big concern. We will meet the operators on this and discuss…we anyway have to discuss the issue of …

Centre soon to meet telcos, discuss call-dropRead More »

Flipkart to ramp up tech team; to hire 500 people

Sangeetha Chengappa While its owner Walmart plans to lay off 60 per cent of Jabong’s 450 employees, Flipkart is all set to ramp up its technology team by an additional 500 tech hires with 3-8 years of experience, over the next 2-3 months, revealed sources who know of Flipkart’s tech requirements. India’s largest e-tailer is …

Flipkart to ramp up tech team; to hire 500 peopleRead More »

Wall Street opens lower as Nvidia hammers tech stocks

1 Wall Street opens lower as Nvidia hammers tech stocks Kotak Mahindra Bank surpasses Maruti in m-cap to enter top 10 club Tata Investment Corporation board approves Rs 450 crore share buyback After Market: Who moved my Sensex and key movers & shakers Tech view: Nifty50 breaches 10,650 level, opens up to 10,710-10,750 range F&O: …

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Let Congress declare its CM candidate in MP: PM Narendra Modi

Taking potshots at the faction-ridden Congress in Madhya Pradesh, Prime Minister Narendra Modi on Friday challenged the party to declare its chief ministerial candidate. Addressing a campaign rally here, Modi said that how can a party chief, who is unable to decide the CM face, take decisions about the future of the people. The Congress, …

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Need to take concrete measures to enhance youth exchanges between India and China: Chinese envoy

There is a need to take concrete measures to enhance youth exchanges between India and China, Chinese envoy Luo Zhaohui said Friday, noting that the future of relations between the two countries lies in their hands. Speaking at the China-India Youth Dialogue, Luo said India and China relations are at “one of the best periods …

Need to take concrete measures to enhance youth exchanges between India and China: Chinese envoyRead More »

Metso targets India for new digitisation solution

Ksenia Kondratieva For Helsinki-based mining equipment and services major Metso, India could emerge as one of the key markets for deploying its new digitisation solution that allows mining companies to use data to enhance performance and improve safety. The Industrial Internet of Things (IIoT) solution, a part of Metso Metrics digital offering, was unveiled at …

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After Rana Kapoor, who? 5-10 bank chiefs and 1 MNC chief in the fray to head Yes Bank

A search panel entrusted with finding Rana Kapoor’s successor to lead Yes Bank has shortlisted multiple names A search panel entrusted with finding Rana Kapoor’s successor to lead Yes Bank has shortlisted multiple names, including those serving a foreign as well as domestic lenders, two sources said Friday. Veteran banker OP Bhat, who was a …

After Rana Kapoor, who? 5-10 bank chiefs and 1 MNC chief in the fray to head Yes BankRead More »

Don’t write him off just yet

Ashok Gehlot, former chief minister of Rajasthan, is on the Congress list of nominees and will contest the assembly elections. Given the centrality of Gehlot’s role, especially in the recent assembly election in Gujarat, everyone thought he would be retained in central politics, leaving Rajasthan to a younger set of hands.But Congress chief Rahul Gandhi …

Don’t write him off just yetRead More »

NMDC continues downtrend on bourses as rising volume concerns worry Street

NMDC, India’s largest iron ore miner with an annual output of about 30 million tonnes (mt), continues its downtrend on the bourses post the 25 per cent decline in net profit reported by the company for the September 2018 quarter (Q2), and on worries over production volumes.For Q2, though realisations remained supportive and at Rs …

NMDC continues downtrend on bourses as rising volume concerns worry StreetRead More »

Visa To Acquire Minority Stake In Mumbai-Based BillDesk

Payments processor Visa Inc said on Friday it is taking a minority stake in Mumbai-based payment gateway BillDesk to expand its footprint in India. The investment will be subject to statutory approvals and is expected to have no direct bearing on Visa’s existing India business, the company said in a statement. Visa’s latest move comes …

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Tax association drags government to court over incentivising I-T commissioners

MUMBAI: All India Tax Practitioners, an association representing tax advisors, have dragged the tax department to court over incentivising commissioners of income tax (appeals)— who act as quasi judges in a tax dispute— for passing orders favouring the tax department. A writ petition was filed in Delhi High Court challenging Central Board of Direct Taxes …

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Mizoram government allocates Rs 52.75 crore for poll expenses

AIZAWL: The Mizoram government has allocated Rs 52.75 crore towards expenses of the November 28 state legislative assembly polls, finance department officials said Friday. The officials said the finance department has released Rs 32.5 crore to the state election department. Of the Rs 52.75 crore election budget, Rs 37.75 crore will be disbursed to eight …

Mizoram government allocates Rs 52.75 crore for poll expensesRead More »

Cyclone Gaja crosses coast, rainfall pounds Tamil Nadu, 13 dead

Winds gusting upto 120 kmph uprooted trees, snapped electric cables and blew off roofing-sheets. Cyclone Gaja ripped through Nagapattinam early Friday uprooting trees and snapping power lines leaving a trail of destruction in coastal districts besides claiming 13 lives and flooding standing crops. The cyclonic storm crossed Tamil Nadu’s coast between Nagapattinam and nearby Vedaranyam …

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Forex reserves drop by $121.2 million to $393.01 billion

The country’s foreign exchange reserves declined by USD 121.2 million to USD 393.01 billion for the week ended November 9, largely on a dip in currency assets The country’s foreign exchange reserves declined by USD 121.2 million to USD 393.01 billion for the week ended November 9, largely on a dip in currency assets, RBI …

Forex reserves drop by $121.2 million to $393.01 billionRead More »