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Tuesday, November 30, 2021

Bill on cryptocurrency after Cabinet nod, says FM Nirmala Sitharaman

The government had also listed a similar Bill for the last Parliament session (monsoon) but it was not taken up.

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Unemployment rate at 9.3% in January-March 2021: NSO survey

NSO data: Joblessness drops in urban India but higher than pre-Covid level

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December expected to be yet another busy month for IPOs

As many as 16 issues cumulatively worth over Rs 22,000 crore are expected to hit the market during the month.

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Eight core sectors' output grows to 7.5% in October: Govt data

The core sector grew 6.9 per cent, compared with the pre-Covid month of October 2019

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Synthetic tissue can repair hearts, muscles, and vocal cords

Combining knowledge of chemistry, physics, biology, and engineering, scientists from McGill University develop a biomaterial tough enough to repair the heart, muscles, and vocal cords, representing a major advance in regenerative medicine.

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Ubiquitous food additive alters human microbiota and intestinal environment

New clinical research indicates that a widely used food additive, carboxymethylcellulose, alters the intestinal environment of healthy persons, perturbing levels of beneficial bacteria and nutrients. These findings demonstrate the need for further study of the long-term impacts of this food additive on health.

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Researchers find new link between a disrupted body clock and inflammatory diseases

New research has demonstrated the significant role that an irregular body clock plays in driving inflammation in the body's immune cells, with implications for the most serious and prevalent diseases in humans.

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Samsung, Acer bid for UP govt's tablet and smartphone scheme

The government has estimated to incur Rs 2,500 cr and Rs 2,200 on tablets and smartphones

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Scientists can control brain circuits, behavior, and emotion using light

Scientists can control brain circuits, behavior, and emotion using light. Researchers developed a new optogenetic tool, 'Opto-vTrap', which is expected to contribute to treatment for epilepsy, muscle spasms, and skin wrinkles.

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Reduced meat diet has many advantages

Which diet is better: moderately reduce meat consumption and eat more fruit, vegetables and wholegrain products or eating more fish and seafood? Or even switch completely to a vegan diet? A new study shows that the answer to these questions is not as clear-cut as one might think -- depending on which impacts one closely looks.

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Biomedical engineers find neural activity during rest is highly organized

When mice rest, individual neurons fire in seconds-long, coordinated cascades, triggering activity across the brain, according to new research. Previously, this was thought to be a relatively random process -- single neurons firing spontaneously at random times without external stimulation.

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Antihistamines can influence immunotherapy response by enhancing T cell activation

Researchers discovered that antihistamines are associated with improved responses to immunotherapy. Their work revealed a role for the histamine receptor in suppressing T cell activation to block anti-tumor immune responses.

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Treating insomnia with cognitive behavioral therapy can prevent major depression in older adults

A new study has found that cognitive behavioral therapy (CBT-I) prevented major depression, decreasing the likelihood of depression by over 50% as compared to sleep education therapy in adults over the age of 60 with insomnia.

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SC stays FIR filed against YES Bank by Subhash Chandra in Dish TV case

The SC said the freeze on voting rights amounted to short-circuiting of judicial orders by using the police

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Nonverbal social interactions – even with unfriendly avatars – boost cooperation

Scientists used animated humanoid avatars to study how nonverbal cues influence people's behavior. The research offers insight into the brain mechanisms that drive social and economic decision-making.

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Courting success: Why the 'head' outsmarts the body in basketball

A new study reveals why coaches believe 'game intelligence,' work ethic and competitiveness are far more important than physical fitness in determining success on the basketball court.

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Researchers develop new approach to nanoparticles that stop internal bleeding

Researchers have developed a unique way of modifying the surfaces of nanoparticles within life-saving medications to provide infusions that can be delivered more quickly, but with a reduced risk of negative reactions.

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Experimental compound counters diabetic complications

An experimental compound reduced complications of type 1 and type 2 diabetes in mice -- not by lowering blood sugar -- but by countering its consequences, a new study finds.

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Those that game together, stay together

Play is important for the development of complex social, emotional, physical, and cognitive skills. Play provides young individuals with a safe space to practice new behaviors without grave repercussions. While most animals engage in play, only humans engage in rule-based games. Which kinds of games people play -- competitive or cooperative -- may depend on their cultural background. In a new study, researchers screened historical data to answer the question whether cultures play games that correspond to how cooperative they are.

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Scientists find SARS-CoV-2-related coronaviruses in Cambodian bats from 2010

Scientists have identified coronaviruses closely related to SARS-CoV-2 from two bats sampled in Cambodia more than a decade ago.

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Research sheds new light on effects of dietary restriction

New research in the tiny nematode worm, C. elegans, has revealed that muscle may be a protected tissue under conditions of dietary restriction.

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Simplilearn completes maiden ESOP buyback worth Rs 48.7 crore

The buyback was completed earlier this month. The company has over 1,600 people

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Monday, November 29, 2021

Sensex swings over 1,200 pts; rupee weakens to below 75 on Omicron concerns

The 50-share Nifty after dropping to a low of 16,782 managed to close at 17,053.95, with a gain of 27.5 points, or 0.16%

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No proposal to recognise Bitcoin as a currency: FM Nirmala Sitharaman

The government plans to introduce a Bill in this regard - the Cryptocurrency and Regulation of Official Digital Currency Bill 2021 - in the ongoing session

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CAG flags lack of transparency in food subsidy for FY17 and FY18

The CAG report said the government undertook funding of revenue and capital expenditure using extra budgetary resources in both the years

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Bharat Biotech resumes Covaxin export with 'long-pending orders' in Nov

The Centre allowed commercial exports of Covaxin last week

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Hindujas top rich British Asians' list, wealth rises £2.5 billion

No Covid-induced gloom as British-Asian businesses record over 20% rise in combined wealth in 2021

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Supply of coal to power plants in Nov more than consumption: Joshi

Several power plants of the country reportedly faced coal shortages during September and October this year

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CAG pulls up govt for erroneous process of IGST devolution to states

The Integrated Goods and Services Tax (IGST) is shared between the Centre and states in the 50:50 ratio

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Investments worth Rs 91,000 cr expected for airports development: Govt

The government has accorded in-principle approval for setting up 21 greenfield airports

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CFOs optimistic about economy, business growth in FY22: Deloitte India

According to the survey, M&A was considered as a key growth driver for FY22

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Net direct tax revenue rises 68% to Rs 6.92 trillion till Nov 23

The net collection between April 1 - November 23 in 2020-21 and 2019-20 fiscals was over Rs 4.12 trillion and over Rs 5.44 trillion respectively

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Spicy breast milk?

In part of a recent human study led by the Technical University of Munich (TUM), it was found that after eating a curry dish containing pepper, piperine - an alkaloid responsible for the pungency of pepper - was present in the milk of breastfeeding women. The findings help decipher mechanisms that shape our food preferences from infancy.

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How can our brain still perceive familiar objects even when they become indistinct?

Researchers have explored the brain neuronal mechanism that allows the perception of familiar images even if they are indistinct. They found that the number of neurons responding to low-contrast rather than high-contrast visual stimuli increased in rats performing a visual orientation discrimination task after repeated experiences. These neurons showed stronger activities in correct-choice than incorrect-choice trials. These neurons efficiently represented low-contrast stimulations. Thus, the low-contrast preference in V1 activity may contribute to improved low-contrast visual. discrimination.

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SARS-CoV-2 infection hijacks key cellular process, autophagy researchers discover

Novel autophagy research traces new mammalian pathways and reveals unexpected impact of SARS-CoV-2 infection.

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COVID-19 testing kits also can measure oral microbiome in saliva

COVID-19 saliva testing kits that include a novel preservative can also be used measure microscopic organisms in the mouth, a new study has found. This enables study of the relationship between mouth and lung microbes and the SARS-CoV-2 virus that may allow for the development of new treatments.

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Researchers shrink camera to the size of a salt grain

Researchers have developed an ultracompact camera the size of a coarse grain of salt. The new system can produce crisp, full-color images on par with a conventional compound camera lens 500,000 times larger in volume.

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COVID-19 became much more lethal in late 2020, UK study suggests

A new statistical analysis supports beliefs that COVID-19 became more lethal in the U.K. in late 2020, while also suggesting that multiple factors -- not just the alpha variant of the virus that causes COVID-19 -- were to blame.

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Researchers study extent of healthcare avoidance during COVID-19

One in five individuals avoided healthcare during lockdown in the COVID-19 pandemic, often for potentially urgent symptoms, according to a new study.

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Amazon infuses fresh capital of Rs 650 cr in Amazon Wholesale (India)

US-based ecommerce giant Amazon has infused fresh capital to the tune of Rs 650 crore into one of its India units, Amazon Wholesale (India), according to regulatory documents. Amazon Corporate Holdings Private Limited and Amazon.com.incs Limited have made the Rs 650 crore investment in the wholesale B2B arm of Amazon India, documents filed with the corporate affairs ministry and shared by market intelligence firm Tofler showed. The date of allotment was October 26, 2021, it added. Amazon India did not respond to emailed queries. According to the documents, a significant share of the funds (over Rs 649.94 crore) came from Amazon Corporate Holdings Pvt Ltd. The fresh funds will provide more arsenal to Amazon in India to bolster its wholesale B2B business in India. Amazon has been aggressively investing across various business units in India. These investments have been deployed towards expanding infrastructure and adding solutions to enhance consumer and seller experience. In Oct

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Shapoorji Pallonji's Joyville to invest Rs 300 cr to build 750 apartments

On operational performance, Mahadevan said the company has clocked a nearly three-fold jump in its sales booking at Rs 450 crore during the first half of this fiscal year.

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Bharat Biotech resumes Covaxin export with 'long-pending orders' in Nov

The Centre allowed commercial exports of Covaxin last week

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Parag Agrawal joins a long list of Indian origin execs leading tech firms

Agrawal worked with Microsoft and Yahoo! before his stint with Twitter

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Hindujas top rich British Asians' list, wealth rises £2.5 billion

No Covid-induced gloom as British-Asian businesses record over 20% rise in combined wealth in 2021

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Sunday, November 28, 2021

Omicron: RT-PCR test must for passengers coming from 'at-risk' countries

This test should have been conducted within 72 hours prior to undertaking the journey

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Third Omicron case detected in UK, face masks compulsory from Tuesday

"People should continue with their plans as normal for Christmas, I think it's going to be a great Christmas," said Javid

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OPEC postpones technical meetings to evaluate Omicron impact: Report

"We need more time to understand what this new variant is and if we need to overreact or not," one OPEC source said

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Access to fuel, sanitation, power better in 2019-20: NITI Aayog report

Over 40% Indians continue to depend on dung, coal, etc, for cooking fuel; 30% do not have access to proper toilets

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Access to fuel, sanitation, power better in 2019-20: NITI Aayog report

Over 40% Indians continue to depend on dung, coal, etc, for cooking fuel; 30% do not have access to proper toilets

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Amazon executive says Omicron's impact on holiday spending uncertain

The United States and other countries are now imposing travel restrictions after the emerging Omicron variant, first detected in South Africa, began spreading to other parts of the world

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Macrotech Developers to invest Rs 3,000 crore as it eyes Bengaluru entry

Realty firm Macrotech Developers, which has projects in Mumbai and Pune regions, is looking to enter the Bengaluru market to tap huge property demand in the IT city and will invest Rs 3,000 crore equity capital for growth as it aims to increase its ...

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Amazon asks CCI to revoke $3.4-billion Future-RIL deal approval

The e-commerce firm has said the CCI Approval for the Impugned Transaction was "illegally obtained" and is a nullity in the eyes of law

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India leading the world in field of start-ups: PM Modi in 'Mann ki Baat'

Asserting that this is an era of start-ups, Prime Minister Narendra Modi on Sunday said India is leading the world in this field with more than 70 start-ups having crossed the valuation of USD 1 billion.

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BJP steamrollers TMC, Left; wins 329 of 334 seats in Tripura civic polls

Tripura's ruling BJP pulverised Mamata Banerjee's TMC and the Left, capturing with surprising ease the Agartala Municipal Corporation and 13 other civic bodies where it now has 329 of the 334 seats.

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Bullish about India market scope, biz prospects from 5G: Sterlite Tech MD

Agarwal said that right spectrum pricing will act as catalyst for 5G rollout

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Macrotech Developers to invest Rs 3,000 crore as it eyes Bengaluru entry

Realty firm Macrotech Developers, which has projects in Mumbai and Pune regions, is looking to enter the Bengaluru market to tap huge property demand in the IT city and will invest Rs 3,000 crore equity capital for growth as it aims to increase its annual sales bookings by almost three times to Rs 20,000 crore by 2025-26, a top company official said. The Mumbai-based company, erstwhile Lodha Developers, is one of the leading real estate firms in the country and markets its properties under 'Lodha' brand. In an interview with PTI, Macrotech Developers Managing Director and CEO Abhishek Lodha said the company would deploy Rs 3,000 crore, out of the total Rs 4,000 crore recently being raised via sale of shares to institutional investors, for growth in the capital-light manner in Mumbai Metropolitan Region (MMR) and Pune. "Now with our balance sheet being rock solid that it is right now, the demand is just becoming enormous. That is why we have raised fresh capital within seven months o

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CCI won't be intimidated by the arrogance of Amazon, says Future Retail

Company says US e-com major showed disregard to Indian law by walking out of CCI proceedings

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M-cap of nine of top 10 most valued firms erodes by over Rs 2.6 trillion

The valuation of Infosys took a hit of Rs 37,950.03 crore to reach Rs 7.11 trillion and that of HDFC plummeted by Rs 33,067.68 crore to Rs 4.96 trillion

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Domestic MFs line up chip funds as stocks soar

Tata MF has filed an offer document with markets regulator Securities and Exchange Board of India (Sebi) to launch Tata Global Semiconductor Fund of Fund.

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Silver ETFs to help investors in portfolio diversification: Experts

With the introduction of norms for silver ETFs, investors will be able to invest in silver in a more liquid manner and can help in diversification of the portfolio, experts said on Sunday

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Gold trading at Rs 47,940 per 10 gm today, silver at Rs 63,100 a kg

The price of 10 gram of gold increased by Rs 310 on Saturday

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Amazon asks CCI to revoke $3.4-billion Future-RIL deal approval

The e-commerce firm has said the CCI Approval for the Impugned Transaction was "illegally obtained" and is a nullity in the eyes of law

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CCI won't be intimidated by the arrogance of Amazon, says Future Retail

Company says US e-com major showed disregard to Indian law by walking out of CCI proceedings

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Jio joins Bharti Airtel and Vodafone Idea, goes for 20% hike in tariffs

Analysts had guided for a tariff revision from Jio after competitors decided to go for a hike

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Jio joins Bharti Airtel and Vodafone Idea, goes for 20% hike in tariffs

Analysts had guided for a tariff revision from Jio after competitors decided to go for a hike

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Omicron alert: Regular international flights' return under review

The Union health ministry has asked states to ramp up health infrastructure, testing, and genome sequencing activities

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Yes Bank, Dish TV battle moves to SC, case to have broad implications

Bank wants voting rights to be restored before Dish TV AGM on Tuesday

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Officials hope tough regulations could eventually let NBFCs into banking

RBI accepted 21 of 33 recommendations of internal working group, the key being allowing promoters to hold 26% in the bank they floated. RBI did not mention corporate and NBFC issues in its guidelines

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Yes Bank, Dish TV battle moves to SC, case to have broad implications

Bank wants voting rights to be restored before Dish TV AGM on Tuesday

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FMCG market to taper down further due to high base effect: Report

The Fast Moving Consumer Goods (FMCG) market will see further tapering down and decline in volumes, especially in the in-home consumption category due to a higher base effect

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Supply of coal by CIL to power sector rises 23% in April-October

The dispatch of coal to the power sector by state-owned CIL rose 22.7 per cent to 291.72 million tonne (MT) in the first seven months of the ongoing fiscal year

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IPOs of Star Health and Tega to hit market next week to raise Rs 7,868 cr

Two companies Star Health and Allied Insurance Company and Tega Industries are set to float their initial public offerings (IPOs) next week to cumulatively raise Rs 7,868 crore

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Parliament session begins Monday, BJP and Cong issues whips to party MPs

The Winter Session of Parliament is set to begin on a stormy note on Monday, with the government ready to bring in a bill to repeal the three contentious farm laws.

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India fuel prices will fall if 'international rates' sustain: Report

Global benchmark Brent crude oil prices remained largely range bound at around USD 80 to 82 per barrel, levels during November (till November 25)

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Saturday, November 27, 2021

Rains batter TN, showers in Chennai one of the most intense in 200 yrs: CM

Monsoon rains continued to batter several regions of Tamil Nadu registering about 75 per cent showers above normal, while Chief Minister M K Stalin on Saturday inspected inundated areas

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Active Covid-19 cases in India decline to 105,691, lowest in 543 days: Govt

India saw a single-day rise of 8,774 new coronavirus infections, taking the country's total tally to 3,45,72,523, while the active cases have declined to 1,05,691, the lowest in 543 days

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438 infrastructure projects show cost overrun of Rs 4.34 trillion

As many as 438 infrastructure projects, each worth Rs 150 crore or more, have been hit by cost overruns totalling more than Rs 4.34 lakh crore, according to a report.

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Macro data, Omicron updates to drive stock markets this week: Analysts

A World Health Organisation panel has named the new COVID strain 'Omicron' and classified it as a highly transmissible variant of concern, the same category that includes the Delta variant

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Visa complains to US govt about India backing for local rival RuPay

Mastercard Inc has raised similar concerns privately with the USTR

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ED summons Amazon to probe Future Coupons investment, says report

Amazon, which is trying to block Asia's richest man Ambani from taking over the struggling Future retail chain, alleged last week that money from the local firm may have been diverted to other firms

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Visa complains to US govt about India backing for local rival RuPay

Mastercard Inc has raised similar concerns privately with the USTR

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ED summons Amazon to probe Future Coupons investment, says report

Amazon, which is trying to block Asia's richest man Ambani from taking over the struggling Future retail chain, alleged last week that money from the local firm may have been diverted to other firms

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Italy finance police search Juventus offices in player trading probe

Juventus, which is Italy's most successful club with 36 league titles, is listed on Milan's stock exchange and its largest shareholder is Exor.

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Australia to bring laws to force media platforms to unmask online trolls

The ruling caused some news companies like CNN to deny Australians access to their Facebook pages.

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A strategy for new Covid variant: keep calm and carry on vaccinating

The longer it takes to vaccinate whole populations, the faster we'll cycle through the Greek alphabet with new variants;

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Personal data bill not enough to protect citizens' rights: Advocacy group

Legislation that Parliament's Winter Session will take up next week wades into areas beyond ambit given to it, say experts.

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Live news: Covid variant spreads to more countries; all-party meeting today

Latest live news: Prime Minister Narendra Modi will speak on his pre-recorded radio show mann ki baat, attend meeting of political parties before Winter Session of Parliament.

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Facebook executives expected to depose before parliamentary panel on Monday

Top executives of Facebook India are expected to depose before a parliamentary panel chaired by senior Congress leader Shashi Tharoor on Monday.

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'Maximise defences': World on alert as Covid strain found in more countries

Despite the banning of flights from southern African countries, there are mounting concerns that the variant has already been widely seeded around the world.

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Friday, November 26, 2021

Paytm wild ride continues as stock sinks again ahead of earnings

Paytm said its gross merchandise value climbed 131% on-year to 832 billion rupees in October in the critical period ahead of the Diwali holiday

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WTO postpones major meeting amid fears of new Covid-19 variant

WHO has classified the B.1.1.529 variant detected in South Africa as a 'variant of concern', saying it may spread more quickly than other forms of the virus

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No case of new coronavirus variant detected at Delhi airport: Lab

Passengers coming from 'at-risk' countries have to give their samples at the airport for RT-PCR testing, according to the Union Health Ministry's rules

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4 industrial smart cities being developed under DMIC: Commerce Ministry

The government has approved 11 such corridors consisting of 32 projects to be developed in four phases

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Colgate-Palmolive launches toothbrush made of recycled plastic

Colgate-Palmolive has introduced a sustainable innovation to the oral care industry with launching of 100 per cent recycled plastic handle toothbrush.

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Govt to help restart MSMEs which shut down during pandemic: Rane

The Centre is mulling providing help to the micro, small and medium enterprises which were closed during the COVID-19 pandemic and a high-level meeting has been held in this regard

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Centre expects the high tomato prices to soften from December

Arrivals in November this year were only 1.96 million tonnes as compared to 2.13 million tonnes

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Former SBI chairman Rajnish Kumar joins Hero MotoCorp board

It has also appointed marketing strategist and entrepreneur Vasudha Dinodia on the board as an independent director, Hero MotoCorp said

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WhatsApp wins approval to double payments offering to 40 mn users in India

The company had requested that there should be no cap on users of its payment service in India

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Colgate-Palmolive launches toothbrush made of recycled plastic

Colgate-Palmolive has introduced a sustainable innovation to the oral care industry with launching of 100 per cent recycled plastic handle toothbrush.

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India releases list of 'at-risk' countries after new Covid variant found

India to resume scheduled international flights from Dec 15, says Aviation Ministry

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Godrej Properties to develop 1.5 mn sq ft project in Bengaluru

Godrej Properties' sales bookings rose 18 per cent to Rs 3,072 crore during the April-September 2021 period

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25% of Indians poor on MPI metric, says NITI Aayog report

The report took a person spending less than Rs 47 a day in cities and one spending less than Rs 32 a day in villages as poor

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New Covid variant triggers alert: World prepares to go into shell, again

UK, EU apply travel restrictions ; don't be hasty, says WHO

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Sebi moots big changes to preferential allotment norms on pricing, lock-in

Regulator says any preferential issue causing change in control or allotment of more than 5% stake will require a valuation report from a registered valuer

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KSUM's KITE meet ends, shortlists 24 IEDC ideas for product development

The Kerala Startup Mission (KSUM) on Friday selected 24 new products by Innovation and Entrepreneurship Development Centres on the concluding day of the five-day virtual technology exhibition.

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Former SBI chairman Rajnish Kumar joins Hero MotoCorp board

It has also appointed marketing strategist and entrepreneur Vasudha Dinodia on the board as an independent director, Hero MotoCorp said

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Godrej Properties to develop 1.5 mn sq ft project in Bengaluru

Realty firm Godrej Properties Ltd on Friday said it has bought a 16-acre land parcel in Bengaluru to develop primarily residential properties, as part of its strategy to expand business in major cities. The company did not disclose the deal value as well as the name of the seller. In a regulatory filing, Godrej Properties, which is one of the country's leading real estate developers, informed that it has purchased a land measuring approximately 16 acres at a strategically located and fastest developing micro-market of Sarjapur to develop a mid-income project. The project is estimated to have a developable potential of about 1.5 million square feet saleable area, comprising primarily residential apartments of various configurations. Sarjapur is one of the most preferred residential locations in Bengaluru and also has excellent connectivity to the IT/ITES belt at Bellandur on Outer Ring Road and several key hubs of the city. Mohit Malhotra, MD & CEO, Godrej Properties, said, ...

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YES Bank moves Supreme Court as HC rejects plea on Dish voting rights

Dish had received a notice issued by the Crime Branch, Gautam Budh Nagar, in respect of an investigation being conducted by them.

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WHO designates new Covid strain as variant of concern, names it 'Omicron'

The variant, first reported to WHO from South Africa on Wednesday, has also been identified in Botswana, Belgium, Hong Kong and Israel.

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Central Vista: Govt constitutes panel for timely completion of projects

The central government has formed a five-member committee, headed by former finance secretary Ratan P Watal, to ensure timely completion of various projects being executed under the Central Vista redevelopment plan. In an office memorandum issued on Thursday, the Union Housing and Urban Affairs Ministry said the 'Central Vista Oversight Committee' will ensure multi-agency and stakeholder coordination for seamless integration of different project works. According to the document, Deputy CAG P K Tiwari, former director of L&T Shailendar Roy, IIT Delhi professor Mausam and ministry's joint secretary have been included in the committee. The redevelopment of the Central Vista, the nation's power corridor, envisages a new parliament building, a common central secretariat, revamping of the 3-km-long Rajpath from the Rashtrapati Bhavan to India Gate, new office and residence of the prime minister, and a new vice-president enclave. The ministry said that the five-member committee will meet

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Thursday, November 25, 2021

MG Motor India ties up with CleanMax, adopts wind-solar hybrid energy

MG Motor India has collaborated with CleanMax to become the first passenger car company to adopt wind-solar hybrid energy, a statement said on Thursday.

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Not-so-young future as India's fertility rate dips, shows data

Infant mortality and under-five mortality has reduced from 40.7 to 35.2 and 49.7 to 41.9

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Apple's Shazam to recognise even more songs than before after update

Shazam has been updated to version 15.0, with the app now able to spend more time listening to tougher-to-determine songs

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India now has more women than men but sex ratio at birth still low

NFHS 2019-2021 indicates that India has made significant strides in the last five years - in 2015-16, the sex ratio was just 991

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Govt to amend banking laws to facilitate privatisation of two PSU banks

The Finance minister while presenting Budget 2021-22 earlier this year had announced the privatisation of PSBs as part of disinvestment drive

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Cryptocurrency is here to stay, says Paytm founder Vijay Shekhar Sharma

Sharma said it is being used in a speculative manner now

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Tomato to fuel: Inflation batters India's middle class

From daily essentials like tomatoes, milk as well as edible oils to transport fuels, rising prices have hampered the financial health of ordinary middle class families in India

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JSW Energy reorganises itself into 'Green' and 'Grey' businesses

The company said that all the existing and upcoming renewable energy businesses will be housed under JSW Energy Neo, its wholly-owned subsidiary

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German financial institution invests $20 million in Annapurna Finance

Besides improving capital base, DEG investment would be used for enhancing credit formal financing eco-system women borrowers in rural India.

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Feast or forage: Study finds circuit that helps a brain decide

By integrating multiple sensory inputs, a loop of mutual inhibition among a small set of neurons allows worms to switch between long-lasting behavioral states.

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Giving social support to others may boost your health

When it comes to your health, being willing to give social support to your spouse, friends and family may be just as important as receiving assistance, a new study suggests.

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Gold-based cancer therapy could face competition from other substances

The gold complex auranofin has traditionally been used for treating rheumatism but is also being evaluated as a treatment for certain forms of cancer. Researchers now show that other molecules that inhibit the same biological system have a more specific effect than auranofin and therefore may have greater potential as cancer therapies.

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Deleting dysfunctional cells alleviates diabetes

Eliminating old, dysfunctional cells in human fat also alleviates signs of diabetes, researchers report. The discovery could lead to new treatments for Type 2 diabetes and other metabolic diseases.

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Amazon's letter is nothing but an afterthought, says Future group

The spokesperson said all related-party transactions and records of fund utilisation were on record and part of the public disclosures made by the company as part of standard governance practices

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Future Retail guilty of financial irregularities, says Amazon

Amazon is fighting a legal battle with FRL to stop the Kishore Biyani-led retailer's $3.4 billion deal with Reliance Industries Limited (RIL)

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Feel free to wear flip flops: Hinduja heir to bank staff

In an interview, Karam said he told his employees to be more like the bank's clients

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MG Motor India ties up with CleanMax, adopts wind-solar hybrid energy

MG Motor India has collaborated with CleanMax to become the first passenger car company to adopt wind-solar hybrid energy, a statement said on Thursday. Under the collaboration, Clean Max Enviro Energy Solutions (CleanMax) will supply 4.85 MW of wind-solar hybrid power to MG Motor's manufacturing facility in Halol. "With this partnership, MG will abate approximately 2 lakh MT of CO2 over 15 years which is equal to planting more than 13 lakh trees," the statement said. The carmaker has been at the forefront of promoting EV adoption in India with the launch of India's first Pure Electric Internet SUV MG ZS EV, it stated. CleanMax is the first renewable energy company to set up a wind-solar hybrid power park in Gujarat to sell clean energy to private consumers and corporates. It plans to expand to 150 MW by 2022. MG's Halol facility is expected to begin drawing power in February 2022 from CleanMax's hybrid park in Rajkot and will continue to do so for 15 years.

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Joyville sales bookings jump three-times to Rs 450 cr in April-September

Business conglomerate Shapoorji Pallonji's housing platform Joyville has clocked nearly three-fold jump in its sales booking at Rs 450 crore during the first half of this fiscal year on strong demand for mid-income residential properties, a top company official said. Joyville, which is a Rs 1,240 crore platform established by Shapoorji Pallonji, ADB, IFC and Actis, had sold properties worth Rs 160 crore in the corresponding period of the last fiscal year. In an interview with PTI, Joyville Shapoorji Housing Managing Director Sriram Mahadevan said, "the real estate market is doing well because of improved market sentiments driven by progress in the vaccination programme." Moreover, COVID-19 cases have also come down significantly, he added. "We have sold over 700 apartments for around Rs 450 crore in the first six months of this financial year. The sales bookings have grown almost three times compared to the year-ago period," Mahadevan told PTI. Sales have been good in all four cit

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Reliance Industries recasts Jamnagar unit to grow in hydrogen space

The refinery off-gases produced from this project earlier served as fuel

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Zydus Cadila likely to launch Covid-19 vaccine ZyCoV-D next month

Meanwhile, Zydus is working with a Korean partner to commercialise ZyCoV-D in South Korea in 2022

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ITC starts clinical trials for nasal spray to prevent Covid-19 infection

Sources say product is being steered by ITC Life Sciences and Technology Centre; Bengaluru. Internal trials found it to be effective against other viruses like common cold. Trials could take 3 months

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Piramal Capital & Housing Finance ties up with API Holdings

Piramal Capital & Housing Finance (PCHFL) has tied up with API Holdings to provide financing solutions to customers and has earmarked an amount of Rs 100 crore for disbursement by the end of this fiscal. Piramal Capital & Housing Finance Limited (PCHFL), the wholly-owned subsidiary of Piramal Enterprises Limited, has forged a strategic partnership with API Holdings through its digital platform Retailio, a release said on Thursday. Retailio is India's largest digital B2B healthcare platform. The partnership aims at synergizing respective capabilities to provide efficient and seamless financing solutions to consumers, retailers and merchants in the API Holdings' healthcare ecosystem. "Under this partnership, PCHFL Finance has earmarked an initial amount of Rs 100 crore for disbursement by March 2022, which will get upsized basis initial market response," PCHFL said. PCHFL will cater to products like Buy Now Pay Later (BNPL) for consumers and merchants, multi-collateral loans for

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Wednesday, November 24, 2021

Only alcohol -- not caffeine, diet or lack of sleep -- might trigger heart rhythm condition

New research that tested possible triggers of a common heart condition, including caffeine, sleep deprivation and sleeping on the left side, found that only alcohol use was consistently associated with more episodes of the heart arrhythmia.

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Morning exposure to deep red light improves declining eyesight

Just three minutes of exposure to deep red light once a week, when delivered in the morning, can significantly improve declining eyesight, finds a pioneering new study.

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How eating less in early life could help with reproduction later on

New research shows how switching from a restricted diet to eating as much as you like could be beneficial for reproduction in later life. Researchers studied the eating and mating habits of the small fruit fly Drosophila melanogaster. They found that those that switched from a restricted diet to unlimited food, started mating and reproducing more.

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How people understand other people

To successfully cooperate or compete with other people in everyday life, it is important to know what the other person thinks, feels, or wants. Researchers have explored which strategies people use to understand other people.

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Delta-like SARS-CoV-2 variants are most likely to increase pandemic severity

Mathematical model indicates SARS-CoV-2 variants that combine enhanced transmissibility with the ability to escape immunity cause more infections than variants with either trait alone. Understanding which type of variants are most likely to increase infections and pandemic severity could help researchers and public health officials interpret the significance of novel and existing variants and design tailored public health responses for various scenarios based on a variant's characteristics. In the case of Delta-like variants, vaccination is predicted to be highly beneficial because vaccinations would prevent a greater number of cases that a more transmissible virus would potentially cause, and because the milder nature of breakthrough infections should substantially reduce overall mortality.

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Unborn babies could contract COVID-19, says study, but it would be uncommon

An unborn baby could become infected with COVID-19 if their gut is exposed to the SARS-CoV-2 virus, finds a new study.

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Plant-derived antiviral is effective in blocking highly infectious SARS-CoV-2 Delta variant, say scientists

A plant-based antiviral has been found to be just as effective at treating all variants of the virus SARS-CoV-2, even the highly infectious Delta variant.

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Pandemic relief: Centre extends 5 kg ration scheme under PMGKAY till March

The Centre will incur an additional expenditure of around Rs 53,344.52 crore because of the extension

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Digital tax for US companies to stay until OECD pact comes into force

US to withdraw threat of retaliatory trade action

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Digital tax for US companies to stay until OECD pact comes into force

US to withdraw threat of retaliatory trade action

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Indian mobile gaming sector revenues to grow to $5 bn by 2025: Report

There are now over 300 million gamers in India, and revenue across all gaming devices reached $1.8 billion in 2020

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Sebi lays down operating norms for silver exchange traded funds

The move will make it convenient for investors to have an exposure to such commodity in a transparent manner

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Latte lovers rejoice! Study reveals drinking coffee could lower the risk of Alzheimer’s disease

Good news for those of us who can't face the day without their morning flat white: a long-term study has revealed drinking higher amounts of coffee may make you less likely to develop Alzheimer's disease.

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Prehistoric mums may have cared for kids better than we thought

A new study has revealed the death rate of babies in ancient societies is not a reflection of poor healthcare, disease and other factors, but instead is an indication of the number of babies born in that era.

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Can we perceive gender from children's voices?

Researchers report developing a database of speech samples from children ages 5 to 18 to explore two questions: What types of changes occur in children's voices as they become adults, and how do listeners adjust to the enormous variability in acoustic patterns across speakers? When they presented listeners with both syllables and sentences from different speakers, gender identification improved for sentences. They said this supports the stylistic elements of speech that highlight gender differences and come across better in sentences.

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Age, sex and waning COVID-19 antibodies

Antibodies after COVID-19 vaccination peaked higher for women and younger people than men and individuals over the age of 65, respectively, but levels dropped by half within six months for everyone in a study group.

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COVID-19 vaccine elicits weak antibody response in people taking immunosuppressant

People taking TNF inhibitors, a kind of immunosuppressive drug used to treat rheumatoid arthritis and other autoimmune conditions, produced a weaker and shorter-lived antibody response after two doses of Pfizer's COVID-19 vaccine, according to a new study. A third vaccine dose drove antibody levels back up, indicating that this additional dose may provide protection as the virus's delta variant continues to spread.

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Amazon seeks to pause antitrust review of 2019 deal with India's Future

By Aditya Kalra

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Indian mobile gaming sector revenues to grow to $5 bn by 2025: Report

There are now over 300 million gamers in India, and revenue across all gaming devices reached $1.8 billion in 2020

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Central Vista: 6 firms submit technical bids to construct Executive Enclave

Six infrastructure firms, including Tata Projects Limited and L&T Limited, have submitted technical bids for the construction of an executive enclave that will house the prime minister's office (PMO), Cabinet secretariat, India House and National Security Council Secretariat, a CPWD official said on Wednesday. The other four firms are Shapoorji Pallonji and Company Limited, NCC Limited, PSP Projects Limited and Ahluwalia Contracts India Limited. The official said the documents submitted by these six construction firms are being checked for their qualification to participate in the financial bids. According to the CPWD's bid document, the project, which is being executed under the Narendra Modi government's ambitious Central Vista redevelopment plan, will be completed within 24 months at an estimated cost of Rs 1,171 crore. The Central Public Works Department (CPWD), which comes under the Union Housing and Urban Affairs Ministry, said the Executive Enclave will come up on the south

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Acer India, Dixon Tech partner to manufacture 500,000 laptops annually

Taiwanese IT hardware firm Acer has roped in domestic electronic manufacturing services firm Dixon Technologies for making its laptops in India, both companies said in a joint statement on Wednesday.

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Tuesday, November 23, 2021

Ultrashort-pulse lasers kill bacterial superbugs, spores

Researchers at Washington University School of Medicine in St. Louis have found that multidrug-resistant bacteria and bacterial spores can be killed by ultrashort-pulse lasers. The findings could lead to new ways to sterilize wounds and blood products without damaging human cells.

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Monkeys, guinea pigs and native English speakers have very similar brain responses to speech sounds, study finds

Speech sounds elicit comparable neural responses and stimulate the same region in the brain of humans, macaques and guinea pigs, researchers report. The finding could help pave the way for better understanding and diagnosis of auditory processing deficits.

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Justinianic Plague was nothing like flu and may have struck England before it reached Constantinople, new study suggests

'Plague sceptics' are wrong to underestimate the devastating impact that bubonic plague had in the 6th to 8th centuries CE, argues a new study based on ancient texts and recent genetic discoveries. The same study suggests that bubonic plague may have reached England before its first recorded case in the Mediterranean via a currently unknown route, possibly involving the Baltic and Scandinavia.

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Chemotherapy may affect muscle cells at lower doses than previously thought

Previous research has found that chemotherapy can trigger muscle loss in people living with cancer, but a new study out of found it may also affect the way the body builds new muscle -- and at lower doses than previously known, having potential implications for treatments and rehab programs.

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A stunning 3D map of blood vessels and cells in a mouse skull could help scientists make new bones

Scientists have used glowing chemicals and other techniques to create a 3D map of the blood vessels and self-renewing 'stem' cells that line and penetrate a mouse skull. The map provides precise locations of blood vessels and stem cells that scientists could eventually use to repair wounds and generate new bone and tissue in the skull.

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Strategy to overcome tumors’ resistance to immunotherapy generates promising clinical trial results

Immune checkpoint inhibitors strengthen the immune response against cancer cells, but the medications are ineffective against certain tumors. Results from a new clinical trial indicate that adding radiation may overcome this resistance to immune checkpoint inhibitors.

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Oral sex with minor not 'aggravated sexual assault' under POCSO: HC

The court said the crime falls in the 'penetrative sexual assault' category

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FM hands over credit sanction letters of Rs 306 to 145 beneficiaries in J-K

Union Finance Minister Nirmala Sitharaman on Tuesday handed over credit sanction letters of Rs 306 crore to beneficiaries in Jammu and Kashmir and announced a host of initiatives

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Myntra makes foray into social commerce at scale with 'M-Live'

M-Live brings a first-of-its-kind, interactive and real-time live shopping experience

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Our action against defaulters helping banks cut NPAs: FM Sitharaman

Last week, prime minister Narendra Modi had said banks have managed to recover more than Rs 5 trillion from defaulters

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Bill to ban private cryptocurrencies to come up in Winter Session

The cryptocurrency bill is listed at a time when the level of interest in the subject is very high

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Promoter group shares pledged with lenders released, says HFCL

Promoters jointly hold 41.89 per cent stake in the company

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Myntra makes foray into social commerce at scale with 'M-Live'

M-Live brings a first-of-its-kind, interactive and real-time live shopping experience

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Greaves Electric Mobility launches its largest EV plant in Tamil Nadu

The Chief Minister along with his cabinet colleague Industries Minister Thangam Thennarasu through virtual platform inaugurated the facility located in Ranipet

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Sebi extends collateral diktat by three months, rules kick next Feb

The move is expected to provide relief to the broking industry, which is grappling with a host of regulatory changes

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Centre releases Rs 95,082 cr to states as November tax devolution

The Centre has released two instalments of tax devolution to the states amounting to Rs 95,082 crore in November, the Finance Ministry said on Tuesday.

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Tamil Nadu to see fresh investments worth Rs 35,208 crore from 59 companies

Signs deal with industry majors like HUL, Adani, Dalmia, TVS and L&T; Over 92,000 jobs likely to be created

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2 top Bharat Financial execs can't be relieved till review ends: IndusInd

IndusInd arm says cannot let its two execs join Spandana when the review is ongoing

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Greaves Electric Mobility launches its largest EV plant in Tamil Nadu

The Chief Minister along with his cabinet colleague Industries Minister Thangam Thennarasu through virtual platform inaugurated the facility located in Ranipet

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YES EGM plea doesn't meet statutory requirement: Dish TV to NCLT

Dish TV has also claimed that it "is unaware of the details of the investigation" and appears from the notice that it relates to an FIR registered in the year 2020

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Moody's revises Airtel ratings outlook to 'positive' from 'stable'

It expects around 25 per cent year-on-year rise in consolidated adjusted EBITDA in FY22

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Revolution in imaging with neutrons: FRM II research group develops new processing method for image data

An international research team has developed a new imaging technology. In the future this technology could not only improve the resolution of neutron measurements by many times but could also reduce radiation exposure during x-ray imaging.

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Monday, November 22, 2021

US set to release oil from reserve, will partner with India and others

The move, likely in conjunction with India, Japan and South Korea, would be an unprecedented effort by major oil consumers to tame prices.

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Paytm Payments Bank launches prepaid card linked with Paytm wallet

Paytm Transit card also enables the withdrawal of money from ATMs

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Paytm's listing flop likely to hit other IPOs: BharatPe's Ashneer Grover

He said the debacle was a collective failure of the management and investment bankers

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Bears on prowl: Indices retreat most in 7 months, RIL falls over 4%

Reliance's decline, rollback of farm laws weigh on investor sentiment

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Bears on prowl: Indices retreat most in 7 months, RIL falls over 4%

Reliance's decline, rollback of farm laws weigh on investor sentiment

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Redmi India partners Jio for conducting 5G trials for Redmi Note 11T 5G

Redmi Note 11T 5G will launch in India on November 30, 2021

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India's Q2 GDP likely to grow 8.1%, says SBI research report

FY22 projection raised to 9.3-9.6% range

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DLF rental arm raises Rs 1,000 crore through debentures

The NCDs will be listed on the Wholesale Debt Market of BSE

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Promoters looking to up stake in Vedanta Ltd by upto 4.57%

The promoter group companies have a purchase offer size of up to 4.57 percent of total shares outstanding as of Sep-30, 2021

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Paytm shares tank another 13%, market cap drops below $12 billion

The company's gross merchandise value (GMV) rose 2.31 times to Rs 83,200 crore ($11.2 billion) in the month

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Affordable housing segment offers Rs 45-trn investment opportunity: Report

The investment in the affordable housing has been 17 per cent of the total PE investment in the residential segment in India in the past 10 years (since 2011).

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COVID-19 case severity: How genetic differences leave immune cells at a disadvantage

New research shows how genetic variations linked to severe cases of COVID-19 affect our immune cells. The study is one of the first in-depth look at the connections between COVID-19 severity and gene expression in many types of immune cells. This work could guide the development of new COVID-19 therapies to boost immune cell function.

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Long-term blood sugar history predicts risk of severe COVID-19 among diabetics

People with type 2 diabetes who contract COVID-19 are nearly 50 percent more likely to wind up in intensive care if they have poorly managed their blood sugar levels over the long-term than those with better long-term glycemic control, according to a study using anonymized health care data.

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How do we know we're tired?

Why do we need sleep? New research takes a step towards solving this mystery by discovering a mechanism of sleep in zebrafish, with some supporting evidence in mice.

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Optimized second-generation mRNA vaccine demonstrated improved protection against COVID-19 in preclinical testing

Researchers conducted a head-to-head test of the second-generation vaccine CV2CoV compared with CVnCoV. The scientists assessed the vaccines' ability to provoke an immune response as well as their protective efficacy against COVID-19 in non-human primates.

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S&P 500 hits record as banks rally on Jerome Powell nomination

Financials rally on rate hike expectations; Nasdaq falls as high Treasury yields pressure tech stocks

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Digital teaching: Opportunity or challenge?

Researchers explain why digital teaching cannot replace face-to-face teaching in university education, but can certainly be seen as a complementary tool. The future of teaching and learning may lie in so-called blended learning, a mix of face-to-face and online education.

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Researchers study the link between vitamin D and inflammation

An active metabolite of vitamin D (not the over-the-counter version) is involved in shutting down inflammation, new research shows.

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Rodents could be asymptomatic carriers of SARS-like coronaviruses, study suggests

Some ancestral rodents likely had repeated infections with SARS-like coronaviruses, leading them to acquire tolerance or resistance to the pathogens, according to new research. This raises the possibility that modern rodents may be reservoirs of SARS-like viruses, the researchers say.

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Breakthrough in fight on tick-borne CCHF virus is latest use of new strategy against diseases

Using the same approach they recently used to create effective vaccine candidates against COVID-19 and respiratory syncytial virus (RSV), scientists are tackling another virus: the tick-borne Crimean-Congo hemorrhagic fever (CCHF).

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Parental depression is associated with worse childhood mental health, educational attainment, study finds

Children who live with a parent who has depression are more likely to develop depression and to not achieve educational milestones, according to a new study.

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After comparing 17.5 million strategies, researchers validate CDC's vaccine rollout recommendation

Researchers evaluated 17.5 million possible strategies the CDC could have recommended as it planned COVID-19 vaccine rollouts. While the researchers generally validate the CDC's plan, they did highlight some improvements, which could inform future vaccination strategies.

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Sunday, November 21, 2021

WhatsApp to add more details in privacy policy after Irish regulators' fine

WhatsApp is adding more details to its privacy policy after Irish regulators slapped the chat service with a record fine

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Promising treatment for Alexander disease moves from rat model to human clinical trials

Alexander disease is a progressive and rare neurological disorder with no cure or standard course of treatment. But a new study involving a rat model of the disease offers a potential treatment for the typically fatal condition.

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Airtel hikes tariffs by 20%, says decision is for 'financial health'

The company hiked prepaid tariff by 20-25 per cent and data top-up plans by 20-21 per cent.

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Withdrawal of farm laws is a missed chance for a progressive Indian society

India's farm economy sends desperate, landless poor to cities when it should be the bedrock of a more secure and permanent urban proletariat.

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At least 20 injured after car plows through holiday parade in Wisconsin

More than 20 people were injured when a red SUV drove through a crowded Christmas parade in Waukesha, Wisconsin, on Sunday

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Andhra floods: Death toll mounts to 33, people stranded as roads cut off

In Andhra Pradesh, hundreds of vehicles and people were stranded, traffic was either closed or suspended in arterial highways and over 100 trains cancelled snapping rail-road link

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Reading the mind of a worm

It sounds like a party trick: scientists can now look at the brain activity of a tiny worm and tell you which chemical the animal smelled a few seconds before. But the findings of a new study are more than just a novelty; they help the scientists better understand how the brain functions and integrates information.

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Scientists develop promising vaccine method against recurrent UTI

Researchers are investigating the use of whole-cell vaccines to fight urinary tract infection (UTI), part of an effort to tackle the increasingly serious issue of antibiotic-resistant bacteria.

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Insulin in the brain influences dopamins levels

In the human brain, the hormone insulin also acts on the most important neurotransmitter for the reward system, dopamine. Insulin lowers the dopamine level in a specific region of the brain (striatum) that regulates reward processes and cognitive functions, among other things. This interaction can be an important driver of the brain's regulation of glucose metabolism and eating behavior.

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Live news: Andhra flood death toll rises; farm group to continue protests

Latest live news: Rajasthan Chief Minister Ashok Gehlot inducts 15 new ministers in his team; Ola to defer e-scooter delivery

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Venom of cone snail could lead to future diabetes treatments

Researchers have found that variants of this cone snail venom could offer future possibilities for developing new fast-acting drugs to help treat diabetics.

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Govt to exceed tax collection target in FY22: Revenue secy Tarun Bajaj

The government has budgeted a 9.5 per cent growth in tax collections at Rs 22.2 lakh crore for 2021-22 fiscal (April-March). In the last fiscal, the mop-up was Rs 20.2 lakh crore.

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USTR Katherine Tai India visit: Trade policy forum, Indo-Pacific on agenda

With the Biden administration now insisting on resolving irritants first, rather than going for a mini deal, the focus on Trade Policy Forum has again emerged.

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Bounce Infinity to be launched on December 2: Check details here

The company also said that it is looking to set up another plant, in South India, considering the potential of the domestic market

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Repeal of farm laws: At Singhu border, protesters recall a year gone by

Say won't turn back till farm laws are repealed in Parliament, MSP is guaranteed and cases withdrawn

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WhatsApp working on message reaction notifications for Android users

Meta-owned platform WhatsApp has released the 2.21.24.8 update for its Android users on the beta channel, which reveals the company is working on message reaction notifications for its Android app.

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Investors bet big on SIPs; inflows at Rs 67,000 cr in Apr-Oct FY22

Inflows in the mutual fund industry through systematic investment plans or SIPs reached close to Rs 67,000 crore in the first seven months of the ongoing fiscal

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Govt orders airlines, ground handlers to use energy efficient equipment

While the companies have welcomed the ministry's green initiative, they said that the deadline of May 2022 for implementation is tight

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Barcelona, Manchester City drop club crypto sponsors amid concerns

Barcelona canceled a deal with Ownix after a businessman linked to the company was arrested for fraud related to cryptocurrency

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Paytm's GMV up 131% to $11.2 billion in Oct as festive-time spends rise

The company, in a disclosure to the exchanges, said that the growth was driven by the festive season and an increase in number of merchants and consumers

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Paytm's GMV up 131% to $11.2 billion in Oct as festive-time spends rise

The company, in a disclosure to the exchanges, said that the growth was driven by the festive season and an increase in number of merchants and consumers

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With new model, Ferrari honours the brand's 1960s race cars

Daytona SP3 debuted Saturday at Mugello Circuit

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Main rail, road routes cut off in Andhra Pradesh as Penna river overflows

The main rail and road routes in Andhra Pradesh, connecting the south and east, remained cut off as the Penna river in spate caused heavy destruction

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Ola to delay delivery of first batch of scooters, blames chip shortage

Schedule pushed back by two to four weeks after a meeting between its factory team and suppliers.

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Avoiding diesel, Maruti to focus on making petrol cars more fuel-efficient

Maruti Suzuki ruled out getting back into diesel segment as it believes sale of such vehicles would further come down with the onset of the next phase of emission norms in 2023

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ONGC union protests Centre's proposal to give away Mumbai High fields

The petroleum ministry's proposal to give away ONGC's biggest oil and gas fields to foreign companies has met with strong resistance from the officers union of the company

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Tata Technologies expects to clock nearly $500 mn revenue this fiscal

Tata Technologies expects to clock close to half a billion dollars in revenue this fiscal, riding on accelerated growth from electric mobility across the globe

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Cabinet reshuffle sends positive message across Rajasthan: Sachin Pilot

Congress leader Sachin Pilot said the Cabinet reshuffle initiated by the Ashok Gehlot government has sent a positive message across the state

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China downgrades its diplomatic ties with Lithuania over Taiwan issue

China reduced its official relations with Lithuania to below ambassador level after Taiwan was allowed to open a representative office in the Baltic nation

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Saturday, November 20, 2021

Ola to delay delivery of first batch of scooters, blames chip shortage

Schedule pushed back by two to four weeks after a meeting between its factory team and suppliers.

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Avoiding diesel, Maruti to focus on making petrol cars more fuel-efficient

Maruti Suzuki ruled out getting back into diesel segment as it believes sale of such vehicles would further come down with the onset of the next phase of emission norms in 2023

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ONGC union protests Centre's proposal to give away Mumbai High fields

The petroleum ministry's proposal to give away ONGC's biggest oil and gas fields to foreign companies has met with strong resistance from the officers union of the company, which has said that the government should empower and give the company a level-playing field rather than giving away its prime assets to the private sector on a platter. The Association of Scientific & Technical Offices of ONGC petitioned Oil Minister Hardeep Singh Puri against a proposal put by Amar Nath, additional secretary (exploration) in the Ministry of Petroleum and Natural Gas, for giving away 60 per cent stake and operatorship of Mumbai High and Bassein & Satellite (B&S) offshore assets to international partners for raising output. The union, which represents ONGC's 17,000 officers, said the company and its employees are completely aligned with the government objective of raising domestic production to cut imports, and for this to happen ONGC should be given the same fiscal and regulatory ...

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Tata Technologies expects to clock nearly $500 mn revenue this fiscal

Tata Technologies expects to clock close to half a billion dollars in revenue this fiscal, riding on accelerated growth from electric mobility across the globe

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US Federal Reserve governor urges speedier tapering as inflation surges

US Federal Reserve Governor Christopher Waller has urged the central bank to speed up the pace of tapering asset purchases in response to the surging inflation

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KCR demands withdrawal of cases booked against farmers during protests

Rao demanded that the PM take steps to withdraw thousands of cases allegedly booked against farmers in connection with the stir.

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India logs 10,488 new Covid-19 infections, active cases lowest in 532 days

India logged 10,488 new coronavirus infections taking the country's total tally of COVID-19 cases to 3,45,10,413

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Covid, soaring inflation threaten second winter of woe for world economy

Among the outcomes anticipated by economists are slowing manufacturing and services activity throughout the euro zone and the U.K., and only modest improvement in the U.S.

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Apple, in break from secrecy, tells staff they have right to discuss wages

Apple's business conduct policy already included language stating that workers were not restricted in their ability to discuss wages and working conditions.

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Live news: Gehlot to rejig ministry, farmers to decide fate of protests

Latest Live news: As many as 25 people die in Andhra Pradesh in two days as heavy rains lash districts.

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Delivery of MG Astor could get delayed due to semiconductor chip shortage

"We are all facing a situation very unprecedented. The supply of chips and semiconductors are very uncertain and very dynamic," Gupta said.

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Apple, in break from secrecy, tells staff they have right to discuss wages

Apple's business conduct policy already included language stating that workers were not restricted in their ability to discuss wages and working conditions.

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Rajasthan CM Gehlot's cabinet to have 12 new faces, 5 from rival Pilot camp

The Congress government will have a total of 30 ministers, including 18 who had resigned earlier.

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New cell database paints fuller picture of muscle repair

Biologists have struggled to study rare and transient muscle cells involved in the process, but engineers have lifted the curtain on these elusive dynamics with the launch of scMuscle, one of the largest single-cell databases of its kind.

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Extreme heat events jeopardize cardiovascular health, experts warn

A consequence of global warming is a greater frequency and intensity of extreme heat events. This extreme heat is associated with a greater risk of adverse cardiovascular incidents, especially for adults with pre-existing cardiovascular diseases.

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Friday, November 19, 2021

New cell discovered and shown to regulate heart rate

Researchers discovered a new type of cell in the heart that may help regulate heart rate, and could be an important key in understanding certain types of congenital heart defects and other diseases that involve the heart.

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New imaging technology may reduce need for skin biopsies

A new 'virtual histology' technology shows promise by analyzing images of suspicious-looking lesions and quickly producing a detailed, microscopic image of the skin, bypassing several standard steps typically used for diagnosis -- including skin biopsy, tissue fixation, processing, sectioning and histochemical staining.

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‘Surgery selfies’ could spot serious infections early

Smartphone pictures of post-surgical wounds taken by patients and then assessed by clinicians can help with the early identification of infections, a study has found.

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Study links stress to Crohn’s disease flare-ups

Researchers using mouse models found that stress hormones suppressed the innate immune system that normally protects the gut from invasive Enterobacteriaceae, a group of bacteria including E. coli which has been linked to Crohn's disease.

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Food scientists create zinc index for human body

Zinc deficiency is prevalent around the world, and among children, these mineral shortfalls can lead to stunting, embryonic malformations and neurobehavioral abnormalities. Over several decades, science has improved understanding of zinc metabolism, but an accurate, comprehensive assessment tool for its physiological status within a human body has remained elusive. Until now.

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ABB Power Products rebrands itself as Hitachi Energy India

ABB Power Products & Systems India on Friday announced its rebranding as Hitachi Energy India Ltd. "Following the recent rebranding of its parent company to Hitachi Energy, its operations in India today announced their evolution to Hitachi Energy India Limited', reaffirming their commitment to accelerating the clean energy transition in India," a company statement said. Formerly known as ABB Power Products & Systems India Limited, the business continues to be listed on India's stock exchanges, it added. India is on an ambitious journey to become carbon-neutral and at the recent COP26 climate summit in Glasgow, the country announced a five-point climate pledge for 2030 and a target of net-zero carbon emissions by 2070, it said. Hitachi Energy, which has focused its purpose on 'advancing a sustainable energy future for all', views India among its top five markets for expansion. India has significant potential in renewable energy, smart grids, grid modernisation, and the ...

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Sundaram receives Sebi nod for purchase of Principal AMC in India

Sundaram Asset Management Company would acquire the schemes managed by Principal India and acquire 100 per cent of the share capital of Principal Asset Management Pvt Ltd

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Kerala-based Popular Vehicles and Services plans entry in west, north

The company said it will focus more on the services segment of the business rather than sales, going ahead

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Franklin Templeton MF unitholders to get Rs 1,115 cr in 7th tranche

After the payout, the total disbursement will reach Rs 25,114 crore, amounting to 99.6% of AUM as on April 23, 2020

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Bitcoin's recent drop shows acute volatility remains a hallmark

Some analysts say a sharp pullback is normal after prices skyrocketed 40% in October

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Meesho announces 'ESOP for all' with its latest MeeSOP programme for staff

The SoftBank-backed internet commerce platform is enabling all employees to own company shares and participate in the growth story

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Oil drops below $80 on amid fresh surge of Covid-19 cases in Europe

Brent crude was down $2.44, or 3%, at $78.80 a barrel by 1110 GMT, its lowest since early October, after earlier rising to as high as $82.24

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Major tea companies clock lower profits as prices fall, costs rise

A report by Icra said that tea prices remained strong in Q1FY22 and started sliding with the onset of the peak production months of the current year

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IBM bets big on India, logs in to small towns for R&D build-up

IBM eager to help India develop the workforce it needs for the digital revolution

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'Deepfaking the mind' could improve brain-computer interfaces for people with disabilities

Researchers are using generative adversarial networks (GANs) -- technology best known for creating deepfake videos and photorealistic human faces -- to improve brain-computer interfaces for people with disabilities. The team successfully taught an AI to generate synthetic brain activity data. The data, specifically neural signals called spike trains, can be fed into machine-learning algorithms to improve the usability of brain-computer interfaces (BCI).

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Warning over antibiotic-resistant bacteria

Significant levels of antibiotic-resistant bacteria have been found at locations in and around Cambridge, England. The researchers found potentially dangerous Pseudomonas bacteria in over a fifth of samples collected close to the River Cam.

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Chemistry breakthrough leads way to more sustainable pharmaceuticals

Chemistry researchers have developed a new method using blue light to create pharmaceuticals in a more sustainable way, significantly reducing the amount of energy needed and the chemical waste created in the manufacture process.

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Advanced microscopes help scientists understand how cells break down proteins

Researchers have used advanced electron microscopes to delve deeper into the process of protein degradation. They described the structure of a key enzyme that helps mediate ubiquitination in yeast, part of a cellular process called the N-degron pathway that may be responsible for determining the rate of degradation for up to 80% of equivalent proteins in humans.

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RIL, Saudi Aramco decide to re-evaluate proposed investment in O2C biz

RIL withdraws application to separate Oil to Chemicals business

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RIL, Saudi Aramco decide to re-evaluate proposed investment in O2C biz

RIL withdraws application to separate Oil to Chemicals business

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RIL reboots Aramco deal, to re-evaluate structure after new energy forays

The stake sale talks, which were first officially revealed in August 2019, are being reset in light of Reliance making forays into new energy business in recent months

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Thursday, November 18, 2021

Domestic travel surges 27% to 8.9 million in October, shows data

While IndiGo continues to retain the top spot in market share, Go First overtook SpiceJet

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Privatisation, growth should remain Budget focus, says EAC-PM

It also said the clear road map of privatisation and growth orientation of FY22 Budget should be maintained in FY23 as well

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Abhijit Banerjee flags methodology used for Global Hunger Index rankings

India should not take the drop in its Global Hunger Index ranking "seriously" as the methodology used for the exercise is 'model-based' and not survey-based, Banerjee said

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AstraZeneca Covid drug cocktail gives 83% protection over 6 months: Study

The treatment is given in one go, as two sequential shots in the arm

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SC verdict to protect homebuyers, make realtors toe the line

The SC's verdict is now expected to trigger a major change in state-specific rules modelled on this Act

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Paytm CEO's fixation on delivering record IPO blamed for first-day flop

The slump is 'no indicator of the value of our company,' says Vijay Shekhar Sharma.

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SC orders CBI to take forward probe in Hindustan Zinc disinvestment

Allows Centre to shed residual stake

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WTO needs to reassess the way it conducts its affairs, says Piyush Goyal

"The developed world must give the developing world the policy space to develop their economies and meet the needs of billions of people in this interconnected world," he said

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Retail inflation for farm, rural workers marginally down in October

Retail inflation based on consumer price indices for farm and rural workers eased marginally in October against September 2021

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Position India as market leader in cybersecurity, says Ashwini Vaishnaw

The magnitude of digitisation across sectors, including banking, has necessitated a sharper focus on cybersecurity, IT Minister Ashwini Vaishnaw said on Thursday

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Rakesh Mohan, Krishnamurthy Subramanian sing divergent tunes on PLI scheme

Vijay Kelkar bats for single 18% GST rate

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RBI working group warns on digital lending by big tech players

The working group has recommended the formation of a nodal agency & SRO for digital lending apps

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India may create obstacles to crypto trading and holding: Report

By Nupur Anand and Aftab Ahmed

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Japanese tractor major Kubota eyes majority shareholding in Escorts

Picks up 5.9% more for Rs 1,873 crore

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PM Narendra Modi urges nations to ensure crypto doesn't spoil youth

Modi also said the democracies must invest together in the research and development of future technology

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Excess money in cash ledger refundable even two yrs after paying GST: CBIC

Decision will ease cash flow of companies as govt lifts time bar. Earlier, assessees could not take refund of this money after two years

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GMR wins bid to develop, operate Indonesia's Kualanamu Int'l Airport

The group will tie up with the state-owned enterprise, Angkasa Pura 2 (AP2) on a 49:51 basis

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Govt can sell HZL stake in open market as per court order, says Vedanta

Vedanta on Thursday said the Supreme Court has permitted the government to go ahead with the proposal to divest its complete stake in Hindustan Zinc Ltd in the open market.

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Kubota to invest Rs 9,400 cr in Escorts to become a majority promoter

The holdings of Nanda family, the current promoter, will continue to remain unchanged after the transaction at 11.6 per cent

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Go Fashion IPO subscribed 6.87 times on second day of subscription

The Rs 1,013.6-crore IPO received bids for 5,55,12,051 shares against 80,79,491 shares on offer

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Union Bank of India to allot Basel III bonds of Rs 2,000 cr next week

Union Bank of India on Thursday said it will allot Basel III compliant bonds next week on a private placement basis, for which it has accepted bids worth Rs 2,000 crore. The bank has considered the issuance of Basel III compliant debt instruments in the nature of debentures of Rs 500 crore, with green shoe option up to Rs 1,500 crore (maximum Rs 2,000 crore) on private placement basis, the bank said in a regulatory filing. The bonds are eligible for inclusion in additional tier I capital, it said. The bonds, with face value of Rs 1 crore each, are perpetual in nature and bear coupon of 8.70 per cent per annum. Perpetual bonds carry no maturity date, so they may be treated as equity, not as debt. The deemed date of allotment of bonds is November 22, 2021, the state-owned lender said. The bonds are rated 'AA'/stable by India Ratings & Research and Crisil.

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Wednesday, November 17, 2021

Cisco forecast below expectations amid supply chain snags, shares fall

Cisco Systems Inc forecast current-quarter revenue below expectations as supply chain shortages and delays drive up costs

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Live news: Vedanta moves to restructure group, Meta scales up fact checking

Latest live news: The government will invite financial bids for selling at least five state-owned companies in December-January.

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Paytm founder Vijay Sharma goes from 'ineligible bachelor' to billionaire

'My dream is to take the Paytm flag to San Francisco, New York, London,' says businessman estimated to be worth $2.4 billion.

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India herald start of new era with five-wicket win over New Zealand

India's chase was set up by Rohit and Suryakumar Yadav

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India to pitch for permanent solution for food security in WTO meet

India believes that the draft text on agriculture is "completely imbalanced"

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Need 100 mn jobs in next 10 yrs to gain from demographic dividend: Experts

Tertiary sector is not going to generate most of these 100 million jobs; focus should be on manufacturing and formal sector

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Paytm founder Vijay Sharma goes from 'ineligible bachelor' to billionaire

'My dream is to take the Paytm flag to San Francisco, New York, London,' says businessman estimated to be worth $2.4 billion.

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Differences abound in global, India inflation drivers, say experts

Say, overall, inflation unlikely to be a major worry in India, except for food inflation

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NRL's capacity expansion cost escalates by Rs 5,432 crore

Numaligarh Refinery Ltd (NRL) on Wednesday said the cost of its capacity expansion project has escalated by Rs 5,432 crore to Rs 28,026 crore due to adoption of advanced technology. In an official release, the largest PSU refiner in the northeast said the Union Ministry of Petroleum & Natural Gas has already approved the revised project cost for increasing capacity from 3 million metric tonnes per annum to 9 MMTPA. "With adoption of state-of-the-art technology in this configuration and addition of extremely complex schemes like residue hydrocracking, the refinery will be able to process heavier crude oil and maximize production of distillates. "This adoption of technology led to an increase in the project cost from Rs 22,594 crore to Rs 28,026 crore," it added. The initial planned configuration of the upcoming 6-MMTPA unit has been improved to make it petrochemical ready, focusing on upgradation of refinery residue by using new technology, NRL said. "In the intervening period ...

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Oil slumps, hitting six-week lows on revived supply concerns

The declines took Brent to its lowest close since October 1 and US crude to its lowest settlement since October 7

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Want to avoid crowded places? New Google Maps feature can help you

In a bid to help holiday shoppers, tech giant Google has launched new Google Maps features that includes Area Busyness and Directories.

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Tata Motors gets a grip on tech ahead of EV launch in last-mile delivery

CV market has scraped the bottom, worst is behind

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Go Fashion IPO subscribed 2.5 times on Day-1 on strong retail interest

The retail portion was subscribed by as much as 12.14 times

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In a first, Apple to sell spare parts for iPhones, Mac computers

The self-service repair program comes after years of pressure from consumer groups

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In a first, Apple to sell spare parts for iPhones, Mac computers

The self-service repair program comes after years of pressure from consumer groups

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1.75 million received Rs 76,012 crore loans during festival period

Banks say efforts now to expand credit to ensure economic revival is durable

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Big technology platforms like Google no threat to banks, say experts

Google has a customer interface feature and the Unified Payments Interface (UPI) is a feature for mobile to mobile payment

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Economists urge gradual consolidation, see fiscal deficit near 6% in FY23

They believe focus on reviving informal sector activity, particularly construction, is key to reviving GDP and jobs

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No income tax NOC/NDC required for voluntary liquidations, says IBBI

Section 178 of the Income-tax Act, 1961 obligates a liquidator to fulfil certain income tax related requirements

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Grofers plans to open 150 more dark stores by December for quick commerce

E-commerce firm Grofers plans to open 150 dark stores by December, taking the total count to 350, for quick commerce to deliver orders in about 10 minutes, the company's co-founder said Wednesday. The company claims to have a 3 million monthly order run rate and growth of 3.5 times in the last two months while gaining one million quick commerce users. "At Grofers, we are all humbled by these stories every day, and it motivates us to do more for our country and communities. We have been able to roll out 200 stores in the last three months and are working hard with entrepreneurs like Hardik to roll out another 150 stores in the next 45 days," Grofers co-founder Albinder Dhindsa said in a blog. The company's spokesperson said that the average weekly retention in the segment is 50 per cent, which means half of the users come back next week itself to order again and consistently keep coming back. Grofers claims to have recorded a weekly ordering frequency of 4.5 orders for users who hav

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Zerodha faces investors' flurry due to technical glitch on trading platform

Users of online brokerage Zerodha faced difficulty in trading on Wednesday due to a technical glitch on its trading platform. The brokerage house faced customers' ire on microblogging site Twitter as they complained that prices and trading froze on its platform during the trading hours. "Zerodha down, price not updating," one user tweeted. Another user mentioned, "Zerodha is not working at the peak time of trading. Prices are stuck." "Because of Zerodha, I suffer a loss of Rs 80,000 in ONGC. Zerodha app was stuck. I sold my holding for intraday and stock runs like a wild horse from 65 to 82 within 5 min & came down to 62. I was trying to exit my position but thanks to Zerodha, my stock was sold. Buying price 148," a user tweeted. On October 18, investors of several brokerage houses, including Zerodha and Paytm Money, had faced possible difficulty while selling shares due to "an issue" related to Central Depository Services India Limited (CDSL). Founded in 2010, Zerodha Broking i

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Gofers plans to open 150 more dark stores by December for quick commerce

E-commerce firm Grofers plans to open 150 dark stores by December, taking the total count to 350, for quick commerce to deliver orders in about 10 minutes, the company's co-founder said Wednesday. The company claims to have a 3 million monthly order run rate and growth of 3.5 times in the last two months while gaining one million quick commerce users. "At Grofers, we are all humbled by these stories every day, and it motivates us to do more for our country and communities. We have been able to roll out 200 stores in the last three months and are working hard with entrepreneurs like Hardik to roll out another 150 stores in the next 45 days," Grofers co-founder Albinder Dhindsa said in a blog. The company's spokesperson said that the average weekly retention in the segment is 50 per cent, which means half of the users come back next week itself to order again and consistently keep coming back. Grofers claims to have recorded a weekly ordering frequency of 4.5 orders for users who hav

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Thyssenkrupp bags Rs 1,150-cr contract from NRL for expansion project

The private firm said NRL has awarded an engineering, procurement and construction (EPC) contract to it

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Tuesday, November 16, 2021

Coffee and tea drinking may be associated with reduced rates of stroke and dementia

Drinking coffee or tea may be associated with a lower risk of stroke and dementia, according to a new study. Drinking coffee was also associated with a lower risk of post-stroke dementia.

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Researchers develop rapid computer software to track pandemics as they happen

Researchers have created lightning-fast computer software that can help nations track and analyze pandemics, like the one caused by COVID-19, before they spread like wildfire around the globe.

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Neuroscientists illuminate how brain cells 'navigate' in the light and dark

Researchers have discovered how individual and networks of cells in an area of the brain called the retrosplenial cortex encode this angular head motion in mice to enable navigation both during the day and at night.

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Pollutant emissions in major seaports likely to have spiked during the COVID-19 pandemic, study finds

Researchers have modeled that pollutant emissions from the shipping sector increased significantly in major international seaports during the COVID-19 pandemic.

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Scientists identify second HIV patient whose body appears to have rid itself of the virus

In 2020, an untreated HIV patient was identified with no intact copies of HIV genomes in more than 1.5 billion blood cells analyzed, suggesting the virus had been cleared from the patient's body. Researchers now report a second untreated person living with HIV who had no evidence of intact HIV genomes in more than 1.5 billion blood and tissue cells analyzed.

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A better-fitting molecular ‘belt’ for making new drugs

The most common pharmaceuticals on the market are made by chaining together rings of molecules to create the drugs that treat conditions including pain, depression and leukemia. But creating those rings and forming them in a way that is tailored to each individual disease has always been a cumbersome and expensive process in medicinal chemistry. New research proposes a way to simplify that transformation. The discovery will likely make it easier to produce new drug candidates, the researchers say.

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Toward 'off-the-shelf’ immune cell therapy for cancer

Immunotherapies, which harness the body's natural defenses to combat disease, have revolutionized the treatment of aggressive and deadly cancers. But often, these therapies -- especially those based on immune cells -- must be tailored to the individual patient, costing valuable time and pushing their price into the hundreds of thousands of dollars.

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In spreading politics, videos may not be much more persuasive than their text-based counterparts

Video clips are only modestly more persuasive to audiences than the written word is, according to researchers who conducted an experiment about political misinformation.

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Older-looking brains linked to lower birth weight and genes

In brain scans of almost 1500 people throughout Europe, researchers found that people with 'older-looking' brains had both lower birth weight and genes for smaller brains, compared with those with normal aging brains. Both these factors are present early in life, indicating that your 'brain age' is mostly related to early life influences and not so much on events that happen later in life.

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MPL signs MoU with Telangana to set up game development centre

Mobile Premier League, an online gaming platform, will set up a game development centre in Telangana employing 500 youths in the state.

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Pfizer's anti-Covid pill can be made by Indian drug firms without royalties

Pharma major will waive royalties on sales in all countries covered by the MPP agreement apart from poor nations

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Flipkart Ventures, Tiger Global-backed G.O.A.T Brand Labs in 11 D2C tie-ups

G.O.A.T Brand Labs, which started a few months back, acquires and scales D2C brands. The current acquisitions are in fashion, beauty-skin care, pets and home-kitchen

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Cairn to work with Halliburton for boosting offshore recoverable reserves

Aims 10-fold reserve augmentation from Cairn's offshore assets

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The prostate cancer cell that got away

Researchers have pioneered a new method to track the progression of prostate cancer in mice, from its birth to its spread into other tissues. This approach allows researchers to study the origins of prostate cancer in a more realistic context than traditional methods allow.

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Omicron has cast a shadow of uncertainty on growth outlook: IndiGo CEO

However, the airline is stronger now when compared to situation in 2020 during the first wave of the pandemic, says Ronojoy Dutta from Com...