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Headline
Musk unveils brain-on-a-chip, seeks human trials in 2020
San Francisco, July 17 (IANS) To help paralyzed people control devices and empower people with brain disorders, Elon Musk-led startup Neuralink has unveiled tiny brain "threads" in a chip which is long lasting, usable at home and has the potential to replace cumbersome devices currently used as brain-machine interfaces.
2019-07-17
Category: International, Costa Rica,Business/Economy,Science/Tech,Technology,Health/Medicine
Government to amend IBC, raise resolution time frame limit to 330 days
New Delhi, July 17 (IANS) The government on Wednesday cleared the introduction of seven amendments to the Insolvency and Bankruptcy Code (IBC) in the Parliament, including raising maximum resolution time frame limit to 330 days from the current 270 days.
2019-07-17
Category: India, Delhi,Business/Economy
80% firms in India facing leadership talent shortage: Survey
New Delhi, July 17 (IANS) Around 80 per cent of the organisations in India are currently facing a leadership talent shortage either because the present leaders are on the verge of retiring or because millennials prefer to change jobs frequently, shows a survey.
2019-07-17
Category: India, Delhi,Business/Economy,Technology
CCEA okays Rs 1,320 cr Sahjanwa-Dohrighat rail link
New Delhi, July 17 (IANS) To improve rail connectivity in Uttar Pradesh, the central government here on Wednesday approved construction of 81-km rail track between Sahjanwa and Dohrighat at a cost of around Rs 1,320 crore.
2019-07-17
Category: India, Delhi,National,Business/Economy,Politics
Sensex ends 85 points higher, Nifty closes above 11,680
Mumbai, July 17 (IANS) Sensex and Nifty on Wednesday advanced for the third successive day despite US President Donald Trump saying that a hike in tariffs on Chinese products is still an option.
2019-07-17
Category: India, Maharashtra,Business/Economy
Facebook, T-Hub pick 10 Indian start-ups for support programme
New Delhi, July 17 (IANS) Social media giant Facebook and T-Hub, a Hyderabad-based global start-up catalyst, on Wednesday announced the 10 start-ups they have selected for the second edition of their "India Innovation Accelerator" programme.
2019-07-17
Category: India, Delhi,Business/Economy,Technology
Jalan panel suggests fund transfer in tranches over 3-5 years
New Delhi, July 17 (IANS) The Bimal Jalan panel on Wednesday finalised the report on RBI surplus capital and though not unanimous on the quantum of transfer, it has recommended 3-5 year formula for transfer of surplus in tranches to the government.
2019-07-17
Category: India, Delhi,Business/Economy
Andhra's attempts to renegotiate PPAs to hamper renewable operators' cash flows: Fitch
Mumbai, July 17 (IANS) The Andhra Pradesh government's attempts to renegotiate its agreements to purchase solar and wind power will hamper the generators' operating cash flows, Fitch Ratings said on Wednesday.
2019-07-17
Category: India, Maharashtra,Business/Economy
United to resume flights to India on September 6
New Delhi, July 17 (IANS) A day after Pakistan withdrew airspace restrictions, the US-based United Airlines said it would resume daily non-stop flight to India on September 6.
2019-07-17
Category: India, Delhi,National,Business/Economy,Indo-Pak/Pakistan
DIPAM's buyback could be affected by tax, but still be undertaken: Secretary
New Delhi, July 17 (IANS) The recent Budget announcment of a 20 per cent tax on share buybacks could marginally affect the equity repurchase plans of the CPSEs but still it will remain an important mechanism to achieve the disinvestment target of Rs 1.05 lakh crore in fiscal 2020, a top official of the sell-off department said.
2019-07-17
Category: India, Delhi,Business/Economy
Diverted Vistara flight lands in Lucknow with low fuel
Lucknow, July 16 (IANS) A Vistara Mumbai-Delhi flight that was diverted to Lucknow, landed at the city's airport with low level of fuel left.
2019-07-16
Category: India, Uttar Pradesh,National,Business/Economy
MCX's Q1 net profit up 496% to Rs 43.70 cr
Mumbai, July 16 (IANS) Multi Commodity Exchange of India (MCX), on Tuesday reported a 496 per cent increase in its net profit for the first quarter (Q1) of 2019-20.
2019-07-16
Category: India, Maharashtra,Business/Economy
Optimism for new orders at 10-year low: Report
New Delhi, July 16 (IANS) The optimism for new orders in the third quarter of calender year 2019 among Indian businesses across segments is at 10-year low, according to D&B Business Optimism Index.
2019-07-16
Category: India, Delhi,Business/Economy
India, Italy plan fast-track system for investments
New Delhi, July 16 (IANS) To facilitate bilateral investments, India and Italy have decided to establish a "fast-track system" for companies and investors of both the countries.
2019-07-16
Category: India, Delhi,Business/Economy
'Designed in UK, Made in India' to enhance partnership: Piyush Goyal
New Delhi, July 16 (IANS) Union Minister Piyush Goyal has given a new concept of "Designed in UK, Made in India" to enhance partnership between the two countries.
2019-07-16
Category: India, Delhi,Business/Economy
BSR & Associates quits as IL&FS Engineering's auditor
New Delhi, July 16 (IANS) Nearly a month after resigning as the statutory auditors of IL&FS Financial Services (IFIN), BSR & Associates, a KPMG arm, has relinquished its position as one of the auditors of IL&FS Engineering and Construction Company with immediate effect.
2019-07-16
Category: India, Delhi,Business/Economy
One-third CFOs see change in investment this year: Report
New Delhi, July 16 (IANS) Amid global trade tension and rising protectionist measures by governments globally, a change in world trade order seems underway. A recent survey of CFOs across the globe sees their company's spending and investment worldwide to change.
2019-07-16
Category: India, Delhi,National,Business/Economy
NPA, NBFC crises not over yet: HDFC MD
New Delhi, July 16 (IANS) HDFC Bank's MD Aditya Puri on Tuesday said the crises in the non-banking financial companies (NBFC) and that OF high non-performing assets (NPA) are not yet resolved, and are being worked upon by stakeholders.
2019-07-16
Category: India, Delhi,National,Business/Economy
OYO launches co-working arm, eyes 50 centres by year-end
New Delhi, July 16 (IANS) Hopitality services provider OYO on Tuesday launched OYO Workspaces, its business unit for co-working spaces, which will include Powerstation and Workflo and the recently acquired Innov8.
2019-07-16
Category: India, Delhi,Business/Economy,Technology
PMUY beneficiaries use just 2.3 LPG cylinders a year: Study
Toronto, July 16 (IANS) The beneficiaries of the Pradhan Mantri Ujjwala Yojana (PMUY) in India consume on an average 2.3 LPG cylinders of 14.2 kg annually which is about half of what a rural consumer consumes on an average, new research has found.
2019-07-16
Category: International, Canada,Business/Economy,Technology
Long-delayed RTR flyover opened, drive to IGIA to be easier
New Delhi, July 16 (IANS) Delhi's long wait for a three-lane 2.7-km flyover at the Rao Tula Ram (RTR) came to an end on Tuesday when Chief Minister Arvind Kejriwal inaugurated the road bridge, easing the drive to the domestic and international airport terminals from south and east Delhi, and Noida.
2019-07-16
Category: India, Delhi,National,Business/Economy
China to stop subsidizing state-owned 'zombie' firms
Beijing, July 16 (IANS) The Chinese government will stop subsidizing state firms which are not solvent on their own in order to improve the efficiency of the country's economy, the National Development and Reform Commission said on Tuesday.
2019-07-16
Category: International, China,Business/Economy
Sensex ends 234 pts higher, Yes Bank gains 12%
Mumbai, July 16 (IANS) Recovery in auto stocks and earning optimism over select stocks drove the markets higher for the second day in a row.
2019-07-16
Category: India, Maharashtra,Business/Economy
Rs 1,400 cr tourism projects approved for NE in 5 years
Agartala/New Delhi, July 16 (IANS) The Union Tourism Ministry had sanctioned Rs 1,400 crore projects in the eight northeastern states under the Swadesh Darshan scheme in the past five years, said Pratima Bhowmik, a Tripura MP, on Tuesday quoting Union Tourism Minister Prahlad Singh Patel.
2019-07-16
Category: India, Tripura,National,Business/Economy
TECNO's flagship Phantom 9 debuts on Flipkart at Rs 14,999
New Delhi, July 16 (IANS) Hong Kong-based Transsion Holdings' smartphone brand TECNO Mobile on Tuesday said its flagship smartphone Phantom 9 will be available on Flipkart starting July 17.
2019-07-16
Category: India, Delhi,Business/Economy,Technology
DIPAM mulls OFS of NBCC, Hudco, Coal India, NLC to meet sell-off target
New Delhi, July 16 (IANS) Faced with the daunting task of a higher sell-off target, the DIPAM is mulling offer for sale (OFS) for number of CPSEs like Coal India, NBCC, NLC and Hudco, official sources said.
2019-07-16
Category: India, Delhi,Business/Economy,Diplomacy
India's June merchandise exports down 9.71%, imports fall 9.07% (Roundup)
New Delhi, July 15 (IANS) India's merchandise exports in June declined 9.71 per cent, on a year-on-year basis, to $25.01 billion from $27.70 billion reported for the corresponding month of last year, official data showed on Monday.
2019-07-15
Category: India, Delhi,Business/Economy
RBI levies Rs 7 cr fine on SBI for non-compliance of norms
Mumbai, July 15 (IANS) The Reserve Bank of India on Monday said that it has imposed a penalty of Rs 7 crore on State Bank of India for non-compliance of several norms.
2019-07-15
Category: India, Maharashtra,Business/Economy
Heavy rains in north, northeast cause flooding, hit life (Roundup)
New Delhi, July 15 (IANS) Heavy rains affected normal life in various north and northeastern states, cut road and rail links and forced evacuation of thousands of people from their inundated houses to safer areas, particularly in Assam and Bihar, officials said on Monday.
2019-07-15
Category: India, Delhi,National,Crime/Disaster/Accident,Business/Economy,Environment/Wildlife
SC dismisses plea alleging scam in LIC's policy
New Delhi, July 15 (IANS) The Supreme Court on Monday dismissed a plea by Moneylife Foundation alleging major scam by Life Insurance Corporation (LIC) through its 'Jeevan Saral' insurance policy, which cheated lakhs of consumers especially the elders and pensioners.
2019-07-15
Category: India, Delhi,National,Business/Economy,Immigration/Law/Rights
IndiGo to launch six new international flights
New Delhi, July 15 (IANS) Budget passenger carrier IndiGo on Monday said it will enhance its international connectivity by announcing six new flights.
2019-07-15
Category: India, Delhi,National,Business/Economy
Slowdown woes: Ashok Leyland temporarily shuts Pantnagar plant
Mumbai, July 15 (IANS) Commercial vehicle maker Ashok Leyland on Monday said that owing to the "weak demand and outlook for the industry", it will close its Pantnagar plant in Uttarakhand for 9 days.
2019-07-15
Category: India, Maharashtra,Business/Economy
Call all-party meet on water crisis, says Amarinder
New Delhi, July 15 (IANS) Punjab Chief Minister Amarinder Singh on Monday suggested an all-party meeting chaired by the Prime Minister to evolve a consensus and formulate a national strategy for tackling the deteriorating water situation in the country.
2019-07-15
Category: India, Delhi,National,Business/Economy,Environment/Wildlife,Politics
MakeMyTrip, ASI partner for online ticketing for 116 heritage sites
New Delhi, July 15 (IANS) In a bid to promote India as a heritage tourism destination, online travel company MakeMyTrip Ltd. has signed a Memorandum of Agreement (MoU) the with Archaeological Survey of India (ASI) for convenient and hassle-free online bookings for 116 historical monuments and sites across India, MakeMyTrip announced in a statement on Monday.
2019-07-15
Category: India, Delhi,National,Technology,Art/Culture/Books,Business/Economy
Takeda launches enzyme replacement therapy in India
New Delhi, July 15 (IANS) Expanding its portfolio of rare disease therapies in India, global bio-pharmaceutical company Takeda on Monday announced launch of the enzyme replacement therapy for 'lysosomal storage disorders' (LSD).
2019-07-15
Category: India, Delhi,Business/Economy,Health/Medicine
Protesting dairy farmers dump milk outside Goa assembly
Panaji, July 15 (IANS) Dairy farmers on Monday poured hundreds of litres of milk on the road outside the Goa Assembly complex in a symbolic protest against the rejection of nearly 4,000 litres of milk by the Gujarat-based Surat Milk Union Ltd (SUMUL).
2019-07-15
Category: India, Goa,National,Business/Economy,Politics
Thane citizens launch 'post-card attack' on municipal chief
Thane (Maharashtra), July 15 (IANS) In a novel protest, angry citizens of Thane on Monday dashed off over a 1,000 postcards to Thane Municipal Commissioner Sanjeev Jaiswal demanding his urgent intervention to resolve the hawkers' menace in their locality.
2019-07-15
Category: India, Maharashtra,National,Business/Economy,Politics,Immigration/Law/Rights
Ashok Leyland temporarily shuts Pantnagar plant
Mumbai, July 15 (IANS) Commercial vehicle maker Ashok Leyland on Monday said that owing to "weak demand and outlook for the industry", it will close its Pantnagar (Uttarakhand) plant for eight days.
2019-07-15
Category: India, Maharashtra,Business/Economy
DCC may not back Trai penalty on telcos, may go for nominal sum
New Delhi, July 15 (IANS) The Digital Communications Commission is unlikely to back TRAI's recommendations of a Rs 3,050 crore cumulative penalty on the three telcos -- Airtel, Vodafone, Idea -- and may make it into a nominal sum, sources said.
2019-07-15
Category: India, Delhi,Business/Economy
Sensex ends 160 points higher, Infosys at all-time high
Mumbai, July 15 (IANS) Strong gains by index major Infosys and Sun Pharma aided the Sensex in advancing over 160 points on Monday.
2019-07-15
Category: India, Maharashtra,Business/Economy
Centre to Court: Deloitte wrongly interpreting law to contest 5-year ban
New Delhi, July 15 (IANS) Deloitte Haskins & Sells LLP, the local auditing affiliate of international accounting group Deloitte Touche Tohmatsu, is misinterpreting an important law as it seeks to avoid a five-year ban on new business, the government has informed the National Company Law Tribunal.
2019-07-15
Category: India, Delhi,National,Immigration/Law/Rights,Business/Economy
DHFL falls 31% after poor show in quarterly results
Mumbai, July 15 (IANS) Dewan Housing Finance Limited on Monday came under heavy selling pressure after the company reported a net loss of Rs 2,223 crore for the fourth quarter (Q4) of 2018-19 over the weekend.
2019-07-15
Category: India, Maharashtra,Business/Economy
China's second-quarter growth slumps to 27 year low
Beijing, July 15 (IANS) The Chinese economy grew at the slowest pace in 27 years in the second quarter of 2019 as the country logged a growth of 6.2 per cent, the National Bureau of Statistics said on Monday.
2019-07-15
Category: International, China,Business/Economy,Politics
Sensex opens above 39K, Infosys up 5.85%
Mumbai, July 15 (IANS) Sensex opened above the 39,000 mark on Monday, advancing on the back of gain made by IT major Infosys over its strong quarterly earnings.
2019-07-15
Category: India, Maharashtra,Business/Economy
Land problem delaying Odisha rail projects: Railway Board chief
Bhubaneswar, July 14 (IANS) Land acquisition is the main reason for the slow progress of ongoing railway projects in Odisha, Railway Board Chairman Vinod Kumar Yadav said on Sunday.
2019-07-14
Category: India, Orissa,Business/Economy
Child safety, penalising faulty roads key in Motor Vehicles amendment act
New Delhi, July 14 (IANS) Digitization of motor licensing, safety of children during commuting, and stringent punishment for faulty road design and maintenance are priority areas in the Motor Vehicle (Amendment) Bill, 2019, slated to be tabled in the Lok Sabha on Monday.
2019-07-14
Category: India, Delhi,National,Business/Economy,Health/Medicine,Politics,Crime/Disaster/Accident
Pakistan imported medicines worth Rs 136 cr from India in 2019
Islamabad, July 14 (IANS) Pakistan imported medicines and vaccines worth (Pakistani) Rs 136,99,87,000 from India in 2019, its Health Ministry has said.
2019-07-14
Category: International, Pakistan,Business/Economy,Health/Medicine,Politics
Jet saga: Ex-partners plan to rapidly expand India presence to shore-up market share
New Delhi, July 14 (IANS) Lured by the prospects of the Indian market, many of Jet Airways' partner airlines have decided to deploy their own capacity to the country.
2019-07-14
Category: India, Delhi,National,Business/Economy
Chinese Cloud robotics developer files for US IPO
New York, July 14 (IANS) Chinese Cloud-based robotics company CloudMinds Inc. filed for an initial public offering (IPO) on the US stock market.
2019-07-14
Category: International, United States,Business/Economy,Technology
Buyback issue: Minority shareholders' interests should be safeguarded (Column: Market Watch)
The week saw the budget fine print causing havoc in the markets on the first two days. These were the tax on buyback and the higher surcharge on income above Rs 2 crore. FPIs have got covered under this section and the same created heartburn and panic in the markets.
2019-07-14
Category: India, Delhi,Business/Economy