Latest News Headlines Mon Jul 16 10:14:01 IST 2018

2. Donald Trump, Vladimir Putin to hold first summit at Helsinki in Finland today
3. India to take over as head of Asia Pacific region of WCO
4. EAM Sushma Swaraj calls on King of Bahrain Hamad bin Isa Al-Khalifa
5. Central Govt to launch scheme to test sports ability of 2 to 3 crore children across country: Rajyavardhan Rathore
6. Met Department warns of heavy rain in Odisha
7. PM Narendra Modi to address farmers rally today at Midnapore, West Bengal
8. Govt has no intention to control social media: Rajyavardhan Rathore
9. 16th batch of 2,455 Amarnath pilgrims leave Bhagwati Nagar Yatri Niwas Base camp in Jammu
10. Monsoon Session Of Parliament: Opposition meet today to formulate joint strategy to corner govt on various issues
11. Novak Djokovic lifts his fourth Wimbledon Men's Singles title
12. France clinches their second World Cup Football title
13. Madhya Pradesh: 68 HIV positive children admitted to private schools for current academic session under RTE act
14. PM Modi accuses previous govts of neglecting people and not completing projects on time
15. Under austerity push, Mexico's President-elect slashes own salary
16. All eyes on Trump-Putin summit in Helsinki today
17. It's just the beginning, says Mbappe as Perisic disputes penalty call
18. Despite loss, proud Croatians back their team
19. A look at Helsinki's long history with U.S.-Russia summits
20. Nepal's Muktinath: Of faith and popularity
21. Home Minister in Dhaka: India and Bangladesh sign Revised Travel Agreement
22. PM's day-long visit to West Bengal today; focus on developmental projects
23. EU urges big powers to prevent trade "conflict and chaos"
24. Modric, Kane, Mbappe win top honours at this year's FIFA World Cup
25. 'FIFA Gagnants'! France are the WORLD CHAMPIONS!
26. Multiple casualties in suicide attack near Afghan ministry: police
27. PV Sindhu loses to Japan’s Okuhara in Thailand Open final
28. Ground Report: Ujala Scheme a big success among people
29. India-Bangladesh signs Revised Travel Arrangement (RTA)-2018
30. Chhattisgarh naxal attack: Two BSF jawans martyred in gunfight
31. FIFA World Cup: France to battle resilient Croatia for title
32. EAM Sushma Swaraj co-chairs joint commission meet in Bahrain
33. Niti Aayog CEO Amitabh Kant questions logic of mining bans amidst ... - Moneycontrol.com
34. PC Jeweller opens new showroom at Deoria, U.P.
35. Ruia Aquaculture Farms shifts registered office
36. Board of Asian Hotels (West) approves preferential allotment of 1.92 lakh e...
37. Board of Aplaya Creations appoint directors
38. Board of Fairdeal Filaments approves scheme of merger
39. Simplex Projects announces change in directorate
40. MIC Electronics announces resignation of directors
41. Key Indian equity indices trade flat in morning session
42. Infiltration bid foiled in LoC, militant killed
43. Heavy rains in Kerala disrupts normal life
44. China's GDP grows 6.8%
45. Macron to welcome French football team at Elysee Palace
46. Israel sets up cybersecurity center to protect railways
47. Protests continue in Iraq over lack of jobs, basic services
48. Over 4,000 pilgrims leave Jammu for Amarnath Yatra
49. Plastic bags consumption reduces by 80% in Israel
50. Polish people take part in 'Day without cell phone
51. Trump labels EU foe of US
52. Simon Cowell rules out having more kids
53. Briton 'lucky' to survive jump from Australia waterfall
54. 10 killed in fresh Nicaragua clashes
55. Pete Davidson comes to Ariana Grande's defence
56. Who could move after World Cup performances?
57. Trump arrives in Helsinki for summit with Putin
58. 8 killed in Kabul suicide bomb attack
59. Apple's 3 key executives quit their jobs in India: Here is their reason
60. Fortis Healthcare fortunes to get Malaysia's IHH boost with acquisition
61. Bajaj Auto's bike market share sees sharp rise in the June quarter
62. Insolvency proceedings: Tata Steel readying blueprint to buy Bhushan Power
63. Cisco saves $490 million by implementing flexi timings for employees
64. AIMPLB approves setting up of 5 Sharia courts, 5 more under consideration
65. Streaming video market: Every brand is trying to find its special place
66. Google techie's lynching in Karnataka: How an act of kindness turned deadly
67. Ghosts of past loans haunt India, borrowings for repayments likely to soar
68. Using PNG, biofuel for cooking may soon get cheaper, subsidy proposed
69. Become whistle-blowers, expose tax evaders: Piyush Goyal to businessmen
70. 30,000 'weeded out' in crackdown on shell companies can again be directors
71. Digital transactions to power key official macro-economic statistics
72. Delhi HC to hear plea against 'Sacred Games
73. UP: Woman given triple talaq for giving birth to girl child
74. J-K: One terrorist gunned down in Kupwara encounter
75. SC to hear garbage disposal, waste management case today
76. Child marriage stopped in UP after police intervention
77. The police here stopped a child marriage two days before the wedding after receiving a complaint in this regard, the police said here today.
78. Highlighted issues faced by Manipur people at NEC meet: Guv
79. Stressing that people in remote areas do not understand Hindi or English, Manipur Governor Najma Heptullah has said she highlighted the need to translate literature of all central schemes into local languages, during the recently concluded North East Council (NEC) plenary.
80. Eight people hospitalised in UP for suspected food poisoning
81. Eight members of a family, including two children, were admitted to a hospital for suspected food poisoning at a village in Shamli district, the police said today.
82. People converting religion should be barred from govt facilities: BJP MP
83. Rupee slips 6 paise against US dollar
84. The rupee fell 6 paise to 68.59 against the US dollar in early trade today on fresh buying of the American currency by importers.
85. WB: Ahead of PM's rally, farmers appeal for facilities
86. TDP leaders likely to meet AIADMK, DMK, JD(S) leaders today
87. Kiwi cricket legend Hadlee faces more cancer surgery
88. New Zealand cricketing great Richard Hadlee will undergo a second round of surgery after cancer spread to his liver, his wife Dianne said Monday.
89. After Wimbledon, reborn Djokovic targets US happy hunting ground
90. With his Grand Slam reputation and place back in the world top 10 restored, Novak Djokovic will now target a third career Wimbledon/US Open double after clinching his fourth title at the All England Club.
91. EU urges big powers to prevent trade 'conflict and chaos
92. The European Union today called on the United States, China and Russia to work together to avoid trade "conflict and chaos" to prevent it spiralling into violent confrontation.
93. USA win inaugural athletics World Cup
94. The United States of America recorded a comprehensive victory in the inaugural edition of the Athletics World Cup after dominating the second day of the event in London on Sunday.
95. Thai cave rescue divers given diplomatic immunity: report
96. Two Australian divers who helped extract the young football team trapped in a Thai cave obtained diplomatic immunity before the rescue in case it failed, national broadcaster ABC reported today.
97. Modric says Golden Ball 'bittersweet' after World Cup defeat
98. Croatia captain Luka Modric said being awarded the Golden Ball for the World Cup's best player was "bittersweet" after losing the final 4-2 to France on Sunday.
99. Argentina part company with coach Sampaoli
100. Argentina have parted company with coach Jorge Sampaoli following their poor World Cup campaign, the federation announced on Sunday.
101. Macron cheers from the stands -- then 'dabs' in the changing room
102. President Emmanuel Macron was pictured cheering from the stadium, got drenched in the rain on the pitch, then attempted to "dab" with the players in the changing room Sunday after France's victory in the World Cup.
103. France World Cup win 'as beautiful' as 1998 victory for Deschamps
104. Didier Deschamps said France were "swimming in happiness" after his players interrupted his post-World Cup final press conference, dancing and showering their manager in drinks as they celebrated their 4-2 win over Croatia.
105. Croatia's luck ran out with World Cup penalty call, says Dalic
106. Croatia coach Zlatko Dalic said his side had run out of luck after they conceded a controversial penalty awarded by VAR in the 4-2 World Cup final defeat against France on Sunday.
107. Muslim candidates running in record numbers face backlash
108. A liberal woman of colour with zero name recognition and little funding takes down a powerful, long serving congressman from her own political party.
109. Trump and Putin test ties in Baltic showdown
110. After months of anticipation, Donald Trump and Vladimir Putin meet today to put to the test the US president's ambition to forge a personal bond with the Kremlin chief.
111. China's economic growth slows to 6.7% in second quarter amid trade war
112. Clashes, road accidents mar French World Cup partying
113. Dozens of youths shattered windows at a popular store on the Champs Elysees avenue while hundreds of thousands of fans celebrated France's World Cup victory, according to an AFP journalist at the scene.
114. More than 10 civilians killed in Mali attack
115. At least 10 civilians have been killed in a possible jihadist attack in Mali's northeast, close to the border with Niger, according to armed Touareg groups and local authorities.
116. Croatian leader says Trump, Putin key to peace
117. Croatia's president hopes her American and Russian counterparts show "responsibility" and remember they are the guarantors of the whole world's stability when they hold their first summit today.
118. 5 killed in S.Africa mine fire
119. At least five miners in South Africa were killed following an underground fire, the government said, while a rescue operation was ongoing for the sole survivor.
120. Mexican president-elect slashes his own salaryMexican president-elect slashes his own salary
121. Mexican President-elect Andres Manuel Lopez Obrador says he plans to earn 40 per cent of what his predecessor makes when he takes office in December as part of an austerity push in government.
122. Gear up for first 'Doctor Who' teaser featuring Jodie Whittaker
123. PeeCee wraps 'Isn't It Romantic
124. China's ZTE shares soar after U.S. lifts supplier ban
125. Xiaomi slides after China rules it out of stock connect scheme
126. China looks to get cozy with EU in annual talks as Trump tariffs bite
127. Gold prices buoyed by weaker dollar, Asian stocks
128. Asian shares fall on soft China data, trade war fears
129. Oil prices ease on potential supply hikes; Trump-Putin eyed
130. China second-quarter GDP growth cools as factory output weakens, trade row flares
131. Asian shares fall as China data points to slowing growth
132. Routinely screening can prevent opioid use
133. Infosys advances after bonus issue
134. Negative market breadth
135. Market may open lower on negative Asian cues
136. DCB Bank allots 99,850 equity shares
137. Board of Asian Hotels (West) approves preferential allotment of 1.92 lakh equity shares
138. Tree shrews violate mammal rules!
139. Infosys in focus after Q1 result, bonus issue
140. Putin's umbrella hogs all limelight at FIFA WC presentation
141. Iran Dy Foreign Minister arrives in India
142. PC Jeweller hits over 2-year low on withdrawal of buyback offer; falls 22%
143. PC Jeweller hits over 2-year low on withdrawal of buyback offer; stock tanks 22%
144. Dr Reddy's slips 11% as US court prevents selling of Opioid treatment drug
145. How UGC played a part in triggering controversy over Institute of Eminence
146. Seven IPOs worth Rs 140 billion to hit markets in the coming week
147. MARKETS LIVE: Indices trade flat, Nifty tests 11,000; Infosys gains 3%
148. markets, sebi
149. The World Cup in the times of social media: trolls, bots and gender
150. Fifa World Cup 2018
151. Trump labels EU America's foe, says it takes advantage of US in trade
152. Bajaj bike
153. money, mudra scheme, bribe
154. Ranbir Kapoor's Sanju smashes records, joins Bollywood's Rs 3 billion club
155. Ranbir kapoor, sanju
156. Trade war's next casualty? Growth in Southeast Asia's 6 biggest economies
157. Trump-Putin meet: A survey explains how Russians see US and its President
158. Trump's date with Putin is significant but it may not change anything
159. Five EU countries to take in 250 of 450 migrants stranded off Italian coast
160. Donald Trump told me to sue European Union over Brexit, says Theresa May
161. How Nawaz Sharif represents Pak's best chance at becoming 'normal' country
162. How the spies hid behind bitcoin
163. Zidane, Mbappe star in multi-cultural French team, but race tensions remain
164. RSS wants Citizenship Amendment Bill in backburner after protests in Assam
165. PM Modi to address farmers in West Bengal today, may focus on MSP hike
166. Cong objects to Modi's 'Muslim party' remark, slams PM's 'sick mindset
167. Essar under watch over 'illegal' coal-bed methane extraction in West Bengal
168. Frigate purchase from Russia hit by high cost of warship building
169. We are more advanced than rivals in cloud space: Alibaba Cloud's Alex Li
170. Infosys sees subcontracting costs going up a notch higher in June quarter
171. Soonicorns': Bullish BigBasket just $50 million shy of billion-dollar club
172. Manpower issues: Staff rationalisation to continue in FY19, says SAIL
173. Profitable, sustainable growth key for digital India: Airtel's Gopal Vittal
174. More numbers of high performers quit Infosys in Q1 than in past quarters
175. After hitting a new high in 2017, corporates cut back on bonds in 2018
176. Should the world have allowed the 2008 economic crisis to play out?
177. Setco Automotive to hold board meeting
178. Board of Prabhat Telecoms (India) decides to change trading platform
179. Board of Vipul approves resignation of CFO
180. Pakistan's financials look dismal; other parameters are no better: Report
181. India equities could outperform rest of Asia, says Manishi Raychaudhuri
182. 2019 Lok Sabha polls: BJP seeks maximum support from Uttar Pradesh's kisans
183. Street signs: Tale of two benchmarks, grey mkt cheer TCNS issue, and more
184. Trent: Record store additions and private label sales to boost earnings
185. State scan: Tamil Nadu govt is caving in under pressure from green lobbies
186. Equity fund managers load Reliance Industries, TCS ahead of big jump
187. From Arbitration tribunal to IT returns, here are the key court orders
188. Fintech startup IndiaLends targets disbursing Rs 10 billion loans in FY19
189. Newsmaker: Sumitra Mahajan, the woman who turned Indore into BJP citadel
190. Monsoon Session of Parliament: Why legislative business may take a hit
191. Good repayment track record must for top-up loan: All you need to know
192. Single or multiple rates in GST
193. HEC Bill will lead to further centralisation of higher education: Experts
194. Simple, low-ticket insurance: These products cover new areas of risks
195. Ikea's new campaign targets buyers ahead of first store launch in Hyderabad
196. Ride out the volatility
197. How plastic makers are fighting an image crisis: All you need to know
198. The Strategist Quiz (# 570)
199. Answers to the Strategist quiz #569
200. Future Group testing a door-step delivery service in a bid to secure market
201. Philippines, Resorts World Manila Rebound From Deadly Attack
202. Chinese Millennials Are Flocking To This Anime And Gaming Site, But Can It Make Money?
203. Papa John's Founder Resigns, Gains $50 Million In A Day
204. Channel - Block D - Billionaires - blog - Position 4 - Here's What Forbes Means By Self-Made: From Bootstrappers To Silver Spooners
205. Channel - Block D - Billionaires - blog - Position 5 - Papa John's Founder Resigns, Gains $50 Million In A Day
206. Open Future
207. Subscribe
208. Contact us
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210. CBI to probe Assam's coal scam
211. Government, private sectors should ensure skilled ecosystem: Pradhan
212. The key Indian equity indices was trading flat-to-negative on Monday soon after opening.
213. China's gross domestic product (GDP) grew 6.8 per cent year-on-year in the first half of 2018 to about 41.90 trillion yuan ($6 trillion), official data revealed on Monday.
214. Hundreds of Iraqi demonstrators took to the streets on Sunday in protest over lack of jobs and basic service, police said.
215. Israeli consumption of plastic bags decreased by 80 per cent in 2017 than the year before, according to Israeli Environment Ministry on Sunday.
216. US President Donald Trump said on Sunday that he considers the European Union an adversary of his country.
217. Sugar mill ex-manager commits suicide (Lead, correcting intro)
218. Modi accuses Congress of shedding crocodile tears for farmers (Second Lead)
219. India, Bahrain make pharma a key area of cooperation (Lead)
220. CBI to probe Assams coal scam
221. APU Received Best Progressive University Award in the EduMeet 2018 Organised by ASSOCHAM
222. Law Firm Announces Update to Defamation Case Over Wempy Dyocta Koto
223. Chinese carrier Juneyao Airlines unveils livery design for Boeing 787 fleet
224. Vivo caps extraordinary My Time, My FIFA World Cup(TM) campaign in Russia
225. Iconic Singapore Getaway at Singapore Marriott Tang Plaza Hotel
226. Mannheim & Tongji Executive MBA dual-degree program ranks 58th in The Economist's Executive MBA Rankings 2018
227. Edmodo Partners with IBM Watson Education to Close Learning Gaps using AI
228. GCL System Integration Raises Guidance for 1H 2018 To RMB 20.41 million - RMB 30.02 million
229. How distancing from decision can help arrive at a better one?
230. French President Emmanuel Macron will hold a reception ceremony on Monday for the national football team at his Elysee Palace official residence to celebrate their victory against Croatia at the 2018 FIFA World Cup.
231. A British man has been deemed "lucky" to be alive after jumping from a waterfall in an iconic Australian national park.
232. Ten people were killed and over dozens others injured in clashes in Nicaragua between security forces and anti-government protesters who were blocking roads.
233. Israel has developed a cybersecurity center to protect its railway system, media reports said on Sunday.
234. Polish people participated in the "Day without cell phone" campaign on Sunday, an informal action encouraging people to put away their mobiles and strive to consolidate direct ties with friends and family members.
235. Indira Gandhi had lifted Emergency, apologised for excesses: Congress
236. 105 couples tie knot in Kashmir's biggest mass marriage function
237. BJP MP's daughter among 19 summoned in Assam's cash-for-jobs scam
238. Delhi sees scattered rain on Sunday, to see light showers the week (Lead)
239. Opposition meet on Monday to discuss monsoon session strategy
240. 7 killed, 25 injured in J&K landslide (Lead)
241. A militant was killed on Monday on the Line of Control (LoC) in Jammu and Kashmir's Kupwara district as alert troops foiled an infiltration bid, defence sources said.
242. Heavy rains pounded Kerala on Monday disrupting normal life with more rainfall predicted till Wednesday, weather officials said.
243. Music mogul Simon Cowell says he won't have any more children.Cowell, who is a father to four-year-old Eric, feels he is too old to have any more children at the age of 58, reportsAmirror.co.uk.
244. Over 1,87,300 pilgrims have so far performed this year's Amarnath Yatra as another batch of 4,195 pilgrims left Jammu for the Valley on Monday.
245. Food-induced anaphylaxis less severe in infants: Study
246. Over 17mn babies born in China in 2017
247. Symptoms of food-induced anaphylaxis in infants are less severe than in toddlers and older children, a new study suggests.
248. Some 17.58 million babies were born in China last year, according to figures released on Sunday.
249. Rosatom starts work on unit 2 of Bangladesh n-project
250. The first "concrete ceremony" marking the beginning of main construction of the second unit of Rooppur Nuclear Power Project (RNPP) in Bangladesh took place on Saturday at Rooppur, Russian state-run atomic energy corporation Rosatom said in a statement.
251. France overpower Croatia 4-2 in FIFA World Cup final
252. Djokovic beats Anderson, wins 4th Wimbledon title (Lead)
253. Mbappe taking over world football crown from Messi, Ronaldo: Ferdinand
254. Kane wins Golden Boot, Modric bags Golden Ball in 2018 World Cup
255. France overpower Croatia to win 2nd FIFA World Cup title (Lead)
256. Ronaldinho, Will Smith shine in World Cup closing ceremony
257. Djokovic wins fourth Wimbledon title
258. Every World Cup has its winners and losers: no matter who finally lifts the trophy, with some footballers' performances seeing their stock rise dramatically and earning them a big-money move over the summer. These are some players whose displays in Russia will have attracted attention and who could be on the move.
259. Binary file (standard input) matches
260. Terms & Conditions
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263. July 11, 2018
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275. Dell to celebrate empowering women entrepreneurs in Canada
276. td_uid_29_5b4c2267b826f class
277. Gout won’t increase your fracture risk: Study
278. Here’s how insufficient sleep could cost countries billions
279. Want to create 1.5 lakh wellness centres in India: Modi
280. Everyone can be a Pad Man: Arunachalam Muruganantham
281. New therapy could help combat drug addiction
282. India’s home healthcare market expands rapidly on cost advantages
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287. Aadhaar not panacea for all ills, SC tells Centre
288. Novelist Anuradha Roy enjoys success of her novels
289. td_uid_35_5b4c2267daf7b class
290. Bad diet was the reason I used to vomit on pitch: Messi
291. Bad diet was the reason I used to vomit on pitch:...
292. Daily Horoscope: June 29, 2018
293. Putin honours Russian military on Fatherland Defender’s Day
294. Jaitley stable after kidney transplant
295. td_block_wrap td_block_big_grid_fl_4 td_uid_39_5b4c2267e0f9e_rand td-grid-style-1 td-hover-1 td-big-grids-fl td-big-grids-scroll td-big-grids-margin td-pb-border-top td_block_template_8" data-td-block-uid
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302. Can HIRA and RERA co-exist? Government to decide
303. Verdict not on scientific grounds: Johnson & Johnson on talc case
304. Donald Trump was asked who the biggest US foe is. He mentioned the EU first.
305. It’s a steep climb for Infosys to keep in step with TCS
306. Amazon Prime Day sale: Here are the top Smartphone deals
307. Amazon, Flipkart add star power to make their brands a hit
308. Grofers rethinks fresh products as focus shifts to private labels
309. Vayana says it has crossed $1-billion loan disbursals
310. Blume signs up two US firms to launch accelerator-cum-fund
311. At Uber, new questions arise about executive behaviour
312. Alexis Ohanian's tribute to wife Serena Williams will melt your heart in more ways than one
313. What makes ‘Bangalore Days’ director Anjali Menon a rarity in Indian cinema
314. Helsinki: More than just a stopover
315. Meet Brother Nut, the artist who created an exhibition with 9K bottles filled with dirty water
316. Move over, Apple! 5 laptops for busy, on-the-go top bosses
317. Google helps keep spam away, rolls out caller ID and filters in Phone app
318. Unions to stop milk supply to Mumbai, Pune
319. Madhya Pradesh, Chhattisgarh, Rajasthan, Mizoram set to vote on ‘tamper-proof’ machines
320. Uddhav Thackeray refuses to meet TDP delegation
321. Row over talks to ‘end’ act against forced conversion
322. Kashi owns me, I am imprisoned in your love: PM Narendra Modi
323. In support of CM, PM says Yogi & Modi twin engines of growth
324. Wuhan effect: India, China to jointly train Afghan diplomats
325. Almost every adult has an Aadhaar now
326. Apple reins in smaller retailers to choke discounts
327. Apple is blacklisting retailers who sell its products on discount
328. Top crime specialist joins Kochhar probe
329. Banks don't want Mauritius, China in risk list
330. Opposition irked over move to amend RTI act
331. States set to vote on ‘tamper-proof’ machines
332. Govt builds case against Nikah Halala, polygamy
333. Mamata orders police to track social media rumours
334. MP: Cong eyes tie-up with BSP, BJP bets on Shivraj
335. Tightrope walk for BJP in dealing with Bihar allies
336. UP surveys to spot those still out of BJP’s schemes
337. PM says Yogi & Modi twin engines of growth
338. Kashi owns me, I am imprisoned in your love: Modi
339. Modi & Shah have some key lessons for Oppn
340. Cooking on piped gas to get pocket-friendly
341. Tata cos to run as per wishes of majority shareholders
342. Trump arms officials to outright reject H-1B request
343. Hindustan Unilever Q1 results: Here’s what to expect
344. View: Inter-creditor agreement- dead on arrival?
345. ET Wealth
346. Benefiting from rising interest rates
347. China's GDP grows 6.8%, well above target
348. Amazon, Flipkart add star power to make brands a hit
349. ETRadio: Let's talk business & markets
350. Verdict not on scientific grounds: J&J on talc case
351. Mistry ‘miserably failed’ to prove AirAsia charge
352. Trust deficit led to Mistry’s removal as chairman
353. Railway board goes back on decentralisation
354. Wockhardt plans to sell four hospitals outside Mumbai
355. Grofers rethinks fresh products to focus on pvt labels
356. This therapy can prevent weight loss in cancer patients
357. Look at big picture to help you make better choices
358. सेंसेक्स टुडे | शेयर बाजार: कमजोर आगाज, पीसीजे 10% टूटा
359. Amazon Prime Day
360. MFs lag benchmark returns as select stocks boost indices
361. India offers safe haven for equity investors as EMs underperform
362. Some mid & smallcaps are looking attractive: Mahesh Patil
363. Buzzing stocks: PC Jeweller, Alok Industries, Infosys
364. HUL shares go up ahead of Q1 earnings
365. Rupee opens 3 paise down at 68.55 against dollar
366. Investors should look at the Nifty Next 50 stocks
367. What changed your markets while you were sleeping
368. Market Movers: Top triggers for your day on D-Street
369. Check out all the bulk deals from Friday’s session
370. How Goldman Sachs' computers lost World Cup
371. The LGBT case has a Trinidadian connection
372. 2008 financial crisis: The days that roiled the mkts
373. Have loans? Reasons that can lead a small business to bankruptcy
374. Wealth News
375. Why Sagar needs to take loans to reach goals
376. SIP flows hit record high of Rs 7,554 crore in May
377. How investors can take advantage of the rising interest rates
378. Fund Review: Aditya Birla Sun Life Midcap Fund
379. Mutual funds lag benchmark returns as select stocks boost indices
380. Some mid- and small-caps are looking attractive: Mahesh Patil, ABSL Mutual Fund
381. Should a new investor invest in direct plans of mutual funds?
382. Reduce the risk in your mutual fund portfolio when goal is near
383. Filing ITR? Here's how your capital gains will be taxed
384. Ulips versus mutual funds: Which is better for your child's education?
385. 25 years of pvt sector mutual funds: How are the oldest schemes performing?
386. 25 years of pvt sector mutual funds: Daily NAV was huge challenge, says Prem Khatri
387. Ringside View: Inter-creditor agreement- dead on arrival?
388. Foreign investment in real estate down 20%
389. Custodian banks want a rethink on high-risk list
390. The ultimate 5-step guide to help stay on top of your game at work
391. All eyes on Ronaldo: Here's what awaits the superstar forward after sneaky Juventus arrival
392. After a fun vacation in India, Priyanka Chopra wraps up shooting for upcoming Hollywood flick
393. New hope: How testosterone therapy can prevent drastic weight loss in cancer patients
394. Will Smith and Ronaldinho jazz up World Cup closing ceremony
395. Kizoa review: The free iOS app to have fun with videos
396. West Bengal CM Mamata Banerjee orders police to track social media rumours
397. Opposition irked over move to amend RTI act, may raise it on day 1 of monsoon session
398. Congress keen on tie-up with BSP in Madhya Pradesh, BJP confident under Shivraj Chouhan
399. UP starts survey to identify those still out of BJP’s big 8 schemes
400. J&K security an issue but local polls greater concern: Adviser to Governor
401. Are you a piped gas user? Your monthly bill is set to get cheaper. Read how
402. View: Artificial Intelligence can destroy jobs but sex bots may wreck much more
403. World Youth Skill Day: Here are skills that can help you at your workplace
404. Nawaz Sharif
405. Filing ITR
406. If you have creditors, it is particularly important to understand some of the key reasons that often lead to a business going bankrupt.
407. Top brands like Samsung, Apple, Xiaomi and OnePlus are on sale for no cost EMIs starting at Rs 1,111 a month.
408. Amazon, Flipkart have roped in A-lister celebrities such as Amitabh Bachchan, Alia Bhatt, Ranbir Kapoor as the battle for customers hots up.
409. Grofers has been focusing on its non-fresh private label products with over 700 items added as it continues to add 30-40 items every month.
410. Founder Ramaswamy Iyer said that it took four years to achieve this milestone but was confident of doubling the figures within the next one year.
411. Blume will partner with Silicon Valley-based Benhamou Global Ventures (BGV) and Emergent Ventures to launch accelerator platform Arka Venture Labs.
412. The developments are tricky for CEO Dara Khosrowshahi, who has made it a mantra at Uber to do the right thing.
413. Infosys has talked about growth revivals in the later part of this year on multi...
414. 10:06 AM | 16 Jul
415. The move is aimed at reining in rapid expansion into neighbourhood stores and ensuring sales at max retail price.
416. The bank has hired white-collar crime specialist law firm Panag and Babu to investigate the latest matter.
417. HSBC wants a rethink on the list of 25 ‘high-risk’ countries that was submitted to SEBI by five global banks.
418. By Workstore.in
419. Sterling Holidays
420. CISCO
421. For loans already in default when the circular was issued, the 180-day countdown begins from March 1which gives banks time till August 31 to...
422. The group plans to sell properties in Nagpur, Nashik and Rajkot, according to two people aware of the development. Wockhardt has hired a Che...
423. The earlier order of delegation of powers to DRMs was issued to end the archaic departmentalisation that prevailed at the national transport...
424. Indian real estate has attracted investments worth $1.08 billion in the June quarter across 11 transactions, down 20% from a year ago, show...
425. Ad: PokerBaazi
426. Global corporate solar funding at $5.3 billion in first half of the year
427. ICICI Bank launches external probe into NPA ‘irregularities’
428. PNB's NPA recovery in first quarter tops FY'18 level
429. Shoppers Stop bets on omni-channel strategy to grow business
430. Sensex, Nifty off to a muted start; Infosys climbs 2%, ICICI Bank falls 3%
431. Buy Hindustan Oil Exploration Company, target Rs 150: Manas Jaiswal
432. Sell Capital First, target Rs 485: Manas Jaiswal
433. Buy Kotak Mahindra Bank, Rs 1425: Dr CK Narayan
434. Buy Titan Company, target Rs 848: Dr CK Narayan
435. Sell Eicher Motors, target Rs 26800: Kunal Bothra
436. Have these midcaps corrected enough for value buying?
437. BUY' or 'SELL' ideas from experts for Monday, July 16, 2018
438. LIC board to decide timeline for IDBI Bank investment today
439. Buy HDFC. target Rs 2010: Kunal Bothra
440. Some mid- and smallcaps are looking attractive: Mahesh Patil, Aditya Birla Sun Life Mutual Fund
441. MCA panel may offer penal relief for some offences
442. India expected to be $10 trillion economy by 2030: Subhash Chandra Garg
443. Donald Trump hails 'extraordinary' France for World Cup win
444. Donald Trump says Britain must get Brexit 'carve out' for US trade deal
445. Madhya Pradesh, Chhattisgarh, Rajasthan, Mizoram set to vote on ‘tamper-proof’ machines
446. Before SC hearing, Modi govt builds case against Nikah Halala, polygamy
447. UP starts survey to identify those still out of BJP’s big 8 schemes
448. Row over talks to ‘end’ act against forced conversion
449. Narendra Modi, Amit Shah have much to teach on the new brand of politics emerging in India
450. Municipality key to simultaneous polls
451. I feared Serena might die, says husband
452. Intruders run on to pitch during World Cup final
453. Golden Antoine Griezmann delivers on the biggest stage
454. It's wonderful' gushes Didier Deschamps after World Cup triumph
455. Emmanuel Macron can bless his lucky stars, again, as 'Les Bleus' win World Cup
456. France fans go wild from Paris to Moscow after thrilling World Cup win
457. Pride and tears for Croatians after World Cup final loss
458. France lift second World Cup after winning classic final 4-2
459. France is the new FIFA World Cup Champion, beats Croatia 4-2 in final
460. States set to vote on ‘tamper-proof’ machines
461. UP surveys to spot those still out of BJP’s schemes
462. It’s a steep climb for Infosys to keep in step with TCS
463. See good demand environment across US, Europe: Infosys CEO Salil Parekh
464. BHIM needs Mbappé speed to improve track record
465. Citrix partners Microsoft to simplify office network deployments
466. CCI dismisses complaints against Google; chairperson gives dissent note
467. en-gb2018-07-16T09:52:57+05:30
468. On a quarter-on-quarter basis, corporate funding increased in the April-June period of this year with $2.8 billion in 34 deals compared to the $2.5 billion in 44 deals in January-March 2018.
469. The group plans to sell properties in Nagpur, Nashik and Rajkot, according to two people aware of the development. Wockhardt has hired a Chennai-based investment bank to find a buyer for the assets.
470. The earlier order of delegation of powers to DRMs was issued to end the archaic departmentalisation that prevailed at the national transporter, which has a total of eight cadres of group A services.
471. Indian real estate has attracted investments worth $1.08 billion in the June quarter across 11 transactions, down 20% from a year ago, showed data from Venture Intelligence.
472. HSBC wants a rethink on the list of 25 ‘high-risk’ countries that was submitted to SEBI by five global banks.
473. The company said it believes that more consumers across the country will discover Shoppers Stop through its digital shopping channels.
474. Niti Aayog is working on a proposal to give subsidy benefit to people using PMG, biofuels for cooking.
475. en-gb2018-07-16T09:49:24+05:30
476. Infosys climbed nearly 2 per cent, leading the pack of Sensex gainers.
477. Buy Hindustan Oil Exploration Company Ltd. at a price target of Rs 150.0 and a stoploss at Rs 135 from entry point.
478. Sell Capital First Ltd. at a price target of Rs 485.0 and a stoploss at Rs 510 from entry point.
479. Buy Kotak Mahindra Bank Ltd. at a price target of Rs 1425 and a stoploss at Rs 1380 from entry point.
480. Buy Titan Company Ltd. at a price target of Rs 848 and a stoploss at Rs 820 from entry point.
481. Sell Eicher Motors Ltd. at a price target of Rs 26800 and a stop loss at Rs 27850 from entry point.
482. Nifty has moved up crossing multiple resistance levels of 10,800-10,850 and closed above 11,000 levels.
483. One-year forward multiples for the BSE Midcap index corrected from 30x to 21x in the current fall.
484. The Sensex and the Nifty have gained 13 per cent and 11 per cent, respectively, from their 2018 lows in late March.
485. ET Now spoke to various experts and here's what they have to recommend for today's trade:
486. The LIC board had proposed investing in IDBI Bank, which has been approved by Irda with certain terms and conditions.
487. Buy Housing Development Finance Corporation Ltd. at a price target of Rs 2010.0 and a stoploss at Rs 1957 from entry point.
488. Local funds have driven valuations of Mumbai stocks this year.
489. We are overweight on autos, private banks, NBFCs, consumer discretionary, media, metals and infra.
490. Let's check out what all might matter to Dalal Street all through the day.
491. en-gb2018-07-16T10:12:29+05:30
492. Under RERA, force majeure clause can be invoked only in case of war, draught, floods, earthquake, fire or any other natural calamity affecting the regular development of real estate projects.
493. en-gb2018-07-16T09:40:06+05:30
494. en-gb2018-07-16T10:00:00+05:30
495. According to the National Bureau of Statistics (NBS) data, the pace was well above the government's annual growth target of around 6.5 per cent, extending a steady expansion.
496. A Missouri circuit court on Thursday ordered J&J to cough up $4.69 billion to the women and families who allegedly developed ovarian cancer after using its talc.
497. Over the past few days, Trump badgered NATO allies over their military spending levels.
498. en-gb2018-07-16T09:45:56+05:30
499. TDP’s Lok Sabha MPs, Thota Narasimham and Ravindra Babu, were supposed to meet Thackeray at the latter’s residence at Matoshree at 5.30 pm, however Thackeray refused to give them time.
500. M1 EVMs were last used in the 2014 general elections and were phased out as they completed 15 years of their life cycle and were also not compatible with VVPATs (voter-verified paper audit trails).
501. In an affidavit to be filed by ASG Tushar Mehta in SC, the Centre has decided to reiterate its stand taken during the triple talaq case and oppose the practices as “unconstitutional”
502. Apart from Maharashtra and Uttar Pradesh, West Bengal has also witnessed instances of mob-lynching in Malda and East Midnapore districts.
503. While JD(U)’s concern is to ensure its status as equal partner of the BJP within the NDA in the state, NDA’s other allies have keeping its card close to its chest on seat-sharing
504. Trinamool MP Dinesh Trivedi, who had worked for putting in place RTI Act,said : “We do not know the contents of the bill. I would be joining the protest in my individual capacity as I feel for the cause.”
505. Governor has asked the administration to prepare for panchayat elections, even as most of the political parties except BJP have maintained that it is not possible to hold elections.
506. CM Shivraj Chouhan is still going strong in the state though he is not liked much by the BJP central leadership. No other state-level BJP leader has managed to emerge as a challenger to him.
507. The schemes picked for the survey by UP are the PM Awas Yojana (Urban), CM Awas Yojana (Rural), pension schemes for widows, senior citizens and physically-challenged persons and the Antyodaya Ration card scheme.
508. IFCSAP said that entities that oppose the APFR act and demand its repeal are those that indulge “in forceful conversions through fraudulent and coercive means.”
509. Modi told the audience that he keeps an eye on every small or significant matter in Varanasi and that the letters he gets show that people of the city consider him as a “guardian”.
510. PM will shift gears on July 29 when he visits Lucknow for his sixth public engagement in UP this month and launches 64 projects by corporates worth Rs 55,000 cr in UP.
511. The decision to jointly train Afghan diplomats is part of joint projects that India and China hope to undertake in the landlocked and war-ravaged Afghanistan.
512. en-gb2018-07-16T10:09:02+05:30
513. The question has emerged as a key bone of contention in the discourse on the proposal of ‘One Nation, One Election’ â€" holding national and state-level elections at the same time.
514. After the SSS called for a strike by milk farmers, the state government announced a subsidy of Rs 50/kg for export of milk powder and Rs 5/litre of milk export to dairies.
515. Alexis Ohanian, the internet entrepreneur and founder of Reddit, saluted the 36-year-old Williams for battling back from life-saving surgery to get within touching distance of an eighth Wimbledon title.
516. en-gb2018-07-16T09:49:03+05:30
517. en-gb2018-07-16T09:50:30+05:30
518. Pussy Riot punk band, whose members were jailed for staging a protest against Vladimir Putin in a church, said on social media that they were responsible for the pitch invasion
519. Ignoring the crashing of the heavens, and a sea of angry, whistling fans, the Frenchman wrong-footed the goalkeeper and calmly stroked home the second of France's goals in a breathtaking 4-2 win over Croatia.
520. France coach Didier Deschamps hailed his side's "wonderful" World Cup victory after a 4-2 victory over Croatia in Sunday's final at Moscow's Luzhniki Stadium.
521. The Tottenham star topped the chart by two goals ahead of a group including Antoine Griezmann and Kylian Mbappe, who both scored in France's 4-2 defeat of Croatia in Sunday's final.
522. Croatia midfielder Luka Modric has been awarded the Golden Ball after being voted as the best player at the World Cup.
523. France's thrilling 4-2 triumph over Croatia in the World Cup final on Sunday, their second World Cup after home success in 1998 that ushered in a wave of national optimism, is the sort of good-news fillip most presidents can only dream of.
524. The boom of fireworks and firecrackers filled the air, while drivers honked their horns incessantly to celebrate France's second world title after their triumph on home soil in 1998.
525. France had a 2-1 lead over Croatia courtesy of the first own-goal and the first video-reviewed penalty in a World Cup final.
526. Apple is blacklisting retailers who sell its products on discount The move is aimed at reining in rapid expansion into neighbourhood stores and ensuring sales at max retail price.
527. Top crime specialist joins Kochhar probeThe bank has hired white-collar crime specialist law firm Panag and Babu to investigate the latest matter.
528. Banks don't want Mauritius, China in risk listHSBC wants a rethink on the list of 25 ‘high-risk’ countries that was submitted to SEBI by five global banks.
529. Opposition irked over move to amend RTI actTrinamool MP Dinesh Trivedi, who had worked for putting in place RTI Act,said : “We do not know the contents of the bill. I would be joining the protest in my individual capacity as I feel for the cause.”
530. States set to vote on ‘tamper-proof’ machinesM1 EVMs were last used in the 2014 general elections and were phased out as they completed 15 years of their life cycle and were also not compatible with VVPATs (voter-verified paper audit trails).
531. Govt builds case against Nikah Halala, polygamyIn an affidavit to be filed by ASG Tushar Mehta in SC, the Centre has decided to reiterate its stand taken during the triple talaq case and oppose the practices as “unconstitutional”
532. Mamata orders police to track social media rumoursApart from Maharashtra and Uttar Pradesh, West Bengal has also witnessed instances of mob-lynching in Malda and East Midnapore districts.
533. MP: Cong eyes tie-up with BSP, BJP bets on ShivrajCM Shivraj Chouhan is still going strong in the state though he is not liked much by the BJP central leadership. No other state-level BJP leader has managed to emerge as a challenger to him.
534. Tightrope walk for BJP in dealing with Bihar alliesWhile JD(U)’s concern is to ensure its status as equal partner of the BJP within the NDA in the state, NDA’s other allies have keeping its card close to its chest on seat-sharing
535. UP surveys to spot those still out of BJP’s schemesThe schemes picked for the survey by UP are the PM Awas Yojana (Urban), CM Awas Yojana (Rural), pension schemes for widows, senior citizens and physically-challenged persons and the Antyodaya Ration card scheme.
536. The Sensex and the Nifty have gained 13 per cent and 11 per cent, respectively, from their 2018 lows in late March.
537. Local funds have driven valuations of Mumbai stocks this year.
538. "We are overweight on autos, private banks, NBFCs, consumer discretionary, media, metals and infra.
539. Infosys was leading the pack of most active stocks in value terms on NSE.
540. The brokerage house sees a YoY jump of 25.80 per cent and 26.90 per cent in Ebitda and EPS, respectively, for the said quarter.
541. Under RERA, force majeure clause can be invoked only in case of war, draught, floods, earthquake, fire or any other natural calamity affecting the regular development of real estate projects.
542. Infosys has talked about growth revivals in the later part of this year on multiple fronts. Analysts, however, remain cautiously optimistic on the company.
544. According to the National Bureau of Statistics (NBS) data, the pace was well above the government's annual growth target of around 6.5 per cent, extending a steady expansion.
545. A Missouri circuit court on Thursday ordered J&J to cough up $4.69 billion to the women and families who allegedly developed ovarian cancer after using its talc.
546. Over the past few days, Trump badgered NATO allies over their military spending levels.
547. After the SSS called for a strike by milk farmers, the state government announced a subsidy of Rs 50/kg for export of milk powder and Rs 5/litre of milk export to dairies.
548. M1 EVMs were last used in the 2014 general elections and were phased out as they completed 15 years of their life cycle and were also not compatible with VVPATs (voter-verified paper audit trails).
549. TDP’s Lok Sabha MPs, Thota Narasimham and Ravindra Babu, were supposed to meet Thackeray at the latter’s residence at Matoshree at 5.30 pm, however Thackeray refused to give them time.
550. In an affidavit to be filed by ASG Tushar Mehta in SC, the Centre has decided to reiterate its stand taken during the triple talaq case and oppose the practices as “unconstitutional”
551. While JD(U)’s concern is to ensure its status as equal partner of the BJP within the NDA in the state, NDA’s other allies have keeping its card close to its chest on seat-sharing
552. Apart from Maharashtra and Uttar Pradesh, West Bengal has also witnessed instances of mob-lynching in Malda and East Midnapore districts.
553. MUMBAI: ICICI Bank has launched a second external probe to examine allegations of irregularities in 31 loan accounts raised by a third whistleblower complaint, said two people familiar with the matter.The bank has hired white-collar crime specialist law firm Panag and Babu to investigate the latest matter, said one of the people cited above. The firm will look into allegations that ICICI Bank inflated profits by at least $1.3 billion over eight years by delaying provisioning for 31 nonperforming asset (NPA) accounts. This will be independent of the probe being conducted by retired Supreme Court judge BN Srikrishna, said the people cited above.An ICICI Bank spokesperson confirmed the development. “An independent law firm has been appointed by the audit committee to assist it,” the spokesperson said. Panag and Babu didn’t respond to queries.“In the past, the ICICI Bank board had to be nudged to initiate any enquiry. Now it’s clear they want to steer themselves out of any controversy, which is why they have initiated another probe,” said one of the persons familiar with the matter.“I believe the scope of investigation is limited to allegations levelled in the third whistleblower complaint.”
554. MUMBAI: In the wake of backlash from some countries, differences have cropped up among custodian banks, with many unwilling to tag jurisdictions like Mauritius, Cayman and UAE as ‘high-risk’.British bank HSBC wants a rethink on the list of 25 ‘high-risk’ countries that was submitted to capital markets regulator Securities and Exchange Board of India (Sebi) by five global banks (which are among the custodians for foreign portfolio funds investing here.)Another MNC bank Standard Chartered, which has a large presence in Asia, has reached out to Sebi expressing its reservations about the list. Local custodians such as Kotak, ICICI, HDFC, Edelweiss, India Infoline, Axis and others â€" representatives of which are meeting this week to discuss the issue â€" prefer excluding Mauritius from the list, three persons aware of the development told ET.“Sebi is pointing out at findings on black money by JPC (Joint parliamentary committee) and SIT (special investigation team) earlier to push through a list of highrisk jurisdictions and curbs on non-resident Indians (NRIs). But countries like Mauritius have now brought in new anti-money laundering rules and informationsharing arrangement...It’s evident the regulator is acting at the government’s instructions,” said a person who has attended several meetings with Sebi on the subject.
555. MUMBAI: The operating companies of Tata Group have to be run as per the wishes of majority shareholders, Tata Trusts, which has more than two-thirds stake of the holding company Tata Sons, the recent NCLT ruling said.When Ratan Tata was executive chairman of Tata Sons, he was also the chairman of Tata Trusts. Therefore, there were no apprehensions over rights of majority shareholders being compromised. But when the executive chairman’s post went into the hands of the person who does not belong to the Trusts, to protect the rights of the majority, the Articles of Association article were amended by Tata Sons under the leadership of Mistry, who was the chairman of Tata Sons.In December 2012, Ratan Tata said that in future with the chairman of the Tata Trusts and Tata Sons not likely to be the same individual, it would be desirable to enter into an agreement between the Trusts and the Tata Sons to clarify the involvement of Trusts in terms of strategic plans, annual plans and divestment of shareholdings.
556. MUMBAI: After selling the major hospital chains to Fortis nine years ago, the Habil Khorakiwala-promoted Wockhardt Hospitals plans to sell four of its seven residual hospitals located outside Mumbai.The group plans to sell properties in Nagpur, Nashik and Rajkot, according to two people aware of the development. Wockhardt has hired a Chennai-based investment bank to find a buyer for the assets.“Wockhardt plans to keep the Mumbai assets with them and offload the other hospitals,” said one of the sources cited above. The process is in very early stages and those hospitals in tier-2 cities may fetch a price of Rs 50-60 lakh per bed, he added. Currently, Wockhardt Hospitals have a strength of more than 1,000 beds under seven hospitals.Currently, it owns three hospitals in Mumbai â€" 350-bed tertiary care facility in Mumbai Central, South Mumbai, 350-bedded multi speciality hospital in Mira Road, North Mumbai and 45-bedded hospital in Vashi, Navi Mumbai.Founded in 2006, NM Virani Wockhardt Hospital in Rajkot is a super speciality hospital with 170 patient beds. In Nagpur, it has two hospitals â€" 118-beds super speciality hospital and a 50-bed heart hospital.Wockhardt Super Speciality Hospital in Nashik has 200 beds.In 2016, Wockhardt had closed down its 160-bed hospital in Cuncolim, Goa. It had shut down operations of five year-old hospital in Bhavnagar in 2013.When contacted, Zahabiya Khorakiwala, managing director at Wockhardt Hospitals, said the information is untrue. The 35-year old Zahabiya, daughter of Wockhardt chairman Habil Khorakiwala, joined Wockhardt Hospital in 2010 as executive director and was elevated as MD later in the year.The hospitals are not part of the listed Wockhardt Pharma.In 2009, Fortis Healthcare had acquired 10 Wockhardt hospitals in Mumbai, Bengaluru and Kolkata for `909 crore. At present, debt-ridden Fortis Group is in the process of selling ownership of 30 hospital chains to Malaysia's healthcare leader IHH Healthcare Berhad in a $1.1 billion deal.The healthcare delivery system in India remains under-penetrated and the potential for investments is quite high. This sector will require an investment of around $245 billion over the next 20 years, according to a recent PwC report. India needs to add 3.6 million beds, 3 million doctors and 6 million nurses over the next 20 years.However, the recent regulatory changes has brought down investors' interest in the sector.“The hospital industry is going through a downturn due to the price correction and increasing operating cost. Several hospital chains are up for sale in India, but a few can find buyers,” said a Mumbai-based investment banker.The price fixing under Modicare schemes will also affect the profitability of the private hospitals, causing exits by more players from the industry, he added.Last year, prices of cardiac stents and knee-caps had been regulated by the health ministry.In August, drug pricing regulator National Pharmaceutical Pricing Authority (NPPA) capped the prices of knee implants, reducing product prices by as much as 60-70%.Cardiac stents were also brought under price control and the price of drug eluting stents were slashed to about Rs 30,000 from Rs 2 lakh.IDFC Alternatives, the asset management arm of Infrastructure Development Finance (IDFC), could not find a buyer for its majority stake in Sahyadri Hospitals (SHL), the largest chain of multi-speciality hospitals in Maharashtra as the sale process was launched in 2016.However, large hospital groups keep strengthening their presence in the new markets through smaller acquisitions.India's largest hospital chain Apollo Hospitals had acquired a 50% stake in Lucknow-based Medics International Lifesciences for Rs 90 crore two weeks ago. Apollo made its last acquisition three years ago when it acquired Guwahati-based Assam Hospital (AHL) in 2015 as part of strengthening its position in the north-east region.
557. NEW DELHI: The Railway Board has reversed its order delegating power to divisional railway managers (DRMs), rolling back a key reform that had been implemented last year. DRMs are additional secretary or senior joint secretary rank officials and operational heads of the railways across all its 68 divisions.The earlier order of delegation of powers to DRMs was issued to end the archaic departmentalisation that prevailed at the national transporter, which has a total of eight cadres of group A services.The high number of services and departments in railways has been holding up operational efficiency at the ground level by delaying the decision-making process, several expert committee reports have said in the past.To ensure that the railways worked as one department and not in silos, it was decided by the ministry last year that the authority for routine decisions at the division level including the transfer, interchanging and assigning of duties should rest with DRMs and not heads of departments. The order implementing the decentralisation was issued in November last year by the Railway Board.It aimed to promote better interdepartmental functioning and was the first of the many powers that were to be delegated to DRMs. DRM rank officials had very limited administrative and financial authority and the government had planned to gradually devolve this authority to them for efficient planning, faster implementation of projects and award of tenders.“The hands of DRMs have been tied again, as to change duties of a junior scale employee or to get more people on a particular project, they will be dependent on the head of the department,” a former DRM level official told ET.A fresh order issued on July 9 with the approval of Railway Board chairman Ashwani Lohani said: “The issue has been reconsidered and it has been decided by the Rail Board to withdraw the instructions. Decision taken, if any, should be withdrawn with immediate effect.”The chairman of the seven-member Railway Board had previously said that he wanted to give more powers to field officials. A press release issued by the ministry last year had counted empowerment of DRMs as a major reform.The Bibek Debroy committee had said that the overly centralised structure and departmentalisation was adversely affecting the railways’ work culture and leading to actions and decisions based on narrow departmental goals.“It is noted that many a time practices and incidents impinging on safety in train operation and also the cause of accidents are not fairly brought to the notice of management as departmental loyalties often overshadow the quest for getting into the ground realities for improvement,” the Anil Kakodkar committee had said in its 2012 report.
558. Stock benchmarks â€" the Sensex and the Nifty â€" are near their all-time highs, but equity mutual fund investors have not benefitted from the unexpected run-up in these indices. In the last six months when the Sensex gained 4.8 per cent â€" making it the best performing emerging market index in this period, many mutual fund schemes underperformed as the record-breaking rally has been driven by a few blue-chip stocks. Mid- and small-cap shares, the key drivers of mutual fund portfolio values of the last four years, are languishing, accentuating their underperformance.The large-cap fund category average returns in the last six months were 0.97 per cent, according to data from Value Research. Funds in the multi-cap category that invest in a mix of large-, mid- and small-cap stocks are down 5.18 per cent on an average. The mid-cap fund category has been punished the most, with schemes giving up 11.4 per cent in the same period.Five stocks â€" TCS, Infosys, HDFC Bank, Kotak Mahindra Bank and Reliance Industries â€" have accounted for 66 per cent of the 50-share Nifty’s rally from 10,000 to 11,000 in 2018. Last week, the Sensex touched an all-time high of 36,699.5, while the Nifty is just a little over 1 per cent from its lifetime high of 11,171.5 which it hit on January 29.
559. ET Intelligence Group: Rising US yields and an escalating tariff war should dull the allure of emerging markets (EM) in general, but India may escape the exodus of capital in this period of broader EM underperformance.India is the most preferred equity market for the second half of 2018 among EMs, followed by Poland and Russia, according to a Bloomberg survey of traders, investors and strategists held a couple of weeks ago. Alliance Bernstein, Amundi and Columbia Threadneedle were among those that participated in the Bloomberg survey.The MSCI India Index â€" a dollardenominated gauge used by global fund managers to evaluate their performance of Mumbai shares â€" outperformed the MSCI EM index by 9.59 per cent since the beginning of the year. The MSCI EM is a measure of developing market performance.
560. BENGALURU | MUMBAI: Tata Consultancy Services’ (TCS) has set an uphill task for its smaller rival Infosys to play catch up in an environment where there is a revival of large outsourcing deals from the banking and financial services industry, the biggest contributor to Indian companies and the US, its main market.Infosys saw business from banking clients dip 0.2% over the previous quarter compared to TCS, which saw 3.7% growth in the business during the same period.TCS is seeing revenue flow from the nearly $7 billion deals it signed over the last few months reflect in the quarter.“In general, the BFSI segment is slowing down investments in traditional outsourcing work, but increasing aggressively in emerging areas such as automation and digital,” said Phil Fersht, CEO, HfS Research. “Hence this is more of an indication that TCS is currently winning the larger piece of the emerging tech areas and Infosys is playing catch-up”. The company which saw a management and board upheaval last year is now seeing stability return, but still needs to build back its expertise in winning large deals that are opening up in the market. “While both companies have the basic building blocks in place to win large deals, TCS is advantaged vs Infosys when it comes to platform and infrastructure services,” said Peter Bendor-Samuel, CEO, Everest Group.65003070
561. en-gb2018-07-16T09:50:03+05:30
562. Infosys has talked about growth revivals in the later part of this year on multiple fronts. Analysts, however, remain cautiously optimistic on the company.
563. en-gb2018-07-16T09:48:59+05:30
564. The Ministry of Electronics and IT (MeitY) said recently that cashback offers for merchants were withdrawn from July 1.
565. tdBlocksArray.push(block_td_uid_53_5b4c1da0a6a72);
566. tdBlocksArray.push(block_td_uid_57_5b4c1da0a9486);
567. tdBlocksArray.push(block_td_uid_58_5b4c1da0ada29);
568. tdBlocksArray.push(block_td_uid_59_5b4c1da0b0fbd);
569. tdBlocksArray.push(block_td_uid_60_5b4c1da0b3f2e);
570. tdBlocksArray.push(block_td_uid_64_5b4c1da0b9526);
571. SOFEX 2018