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Sensex plunges more than 800 points to fall below 64k mark
In the whole of October, the Sensex has plunged over 2,600 points...
FACTBOX-Governments race to regulate AI tools
Rapid advances in artificial intelligence (AI) such as...
Extreme weather in Greece brought $1.1 Billion in crop damages since 2011
Kyriakos Tsitouridis, the head of the Meteorological Research Center of the Greek Agricultural Insurance Organization (ELGA), said farmers will have to switch to “crops that can survive in extreme weather conditions.”
India’s economic growth slows, pressure on Modi to speed up reforms
Reacting to Friday’s economic data, former Prime Minister Manmohan Singh said the sharp fall in economic growth was “unacceptable” given the country’s aspiration to grow at 8-9% a year.
Nuclear plants in country safe: Government
Minister of State in the Prime Minister’s Office Jitendra Singh said there was an identification of a malware infection on Kudankulam Nuclear Power Plant (KKNPP) administrative network which is used for day-to-day administrative activities.
Parliament clears chit fund Bill: Monetary limits, commissions to go up
The maximum chit amount is proposed to be raised from Rs 1 lakh to Rs 3 lakh for those managed by individuals or less than four partners, and from Rs 6 lakh to Rs 18 lakh for firms with four or more partners.
At 17.5 million, Indian diaspora largest in the world: UN report
The report also noted that international remittances increased to USD 689 billion in 2018. The top three remittance recipients were India (USD 78.6 billion), China (USD 67.4 billion) and Mexico (USD 35.7 billion).
NGT slaps Rs 10 cr penalty on Faridabad builder for violating environmental norms
“Pollution cannot be allowed to be profitable activity. The environment is priceless. Intentional violations have to be visited with more stringent damages than accidental or unintended,” the bench said
India’s sugar demand takes a beating over slowdown, health concerns
The industry should make more effort to promote sugar as a better and natural alternative to high-fructose corn syrup and artificial sweeteners, said John Stansfield, an analyst at Group Sopex. There are places in the market that still offer growth, he said, pointing to Africa as an example.
‘Unfit’ Uber loses London licence over safety failures
Helen Chapman, director of licensing, regulation and charging at TfL, added that it was “unacceptable” that Uber had allowed passengers use taxi drivers who are “potentially .unlicensed and uninsured”.
FPIs infuse Rs 17,722 cr into Indian markets in November so far; still wary
Umesh Mehta, head of research at Samco Securities said, “FPIs have become relatively cautious on India given the high valuations and Nifty hovering near its all-time high levels. Huge divergence between the large and small/midcaps is making them weary to commit further in a big way to the Indian bourses.” Also, the expectation of weaker GDP numbers in the coming months, among other factors, is making them “hesitant to invest full throttle”, he added.
India courts private hospitals to boost ‘Modicare’ insurance programme
India has so far registered about 20% of the eligible 500 million people, due to lack of public awareness of the scheme and low private sector participation, said Indu Bhushan, CEO of the National Health Authority (NHA), which runs the programme.