Latest News Headlines Mon Jul 16 10:47:53 IST 2018

2. JK Rowling's next in September under her pseudonym Robert Galbraith
3. Frustrated with football's pain fakers? Blame evolution, say scientists
4. Obesity alone does not increase early death risk: Study
5. DCB Bank allots 99,850 equity shares
6. Galaxy Surfactants announces demise of director
7. Sheraton Properties & Finance announces resignation of company secretary
8. Japan Market shuts for a public holiday
9. Facebook fails to stop users from sharing pirated movies
10. Key Indian equity indices trade flat in morning session
11. N.Korea announces amnesty to celebrate 70th founding anniversary
12. 18 killed in Pakistan accident
13. Cellular-connected drones arriving fast: Report
14. Ahmedabad University starts global MBA programme for pharma professionals
15. Cloudy morning in Delhi, rains likely
16. Bodies of 5 Bangladeshi footballers drowned in river recovered
17. Once a poetic experience, sex has now become an unfulfilling encounter: Writer Seema Anand (IANS Interview)
18. With Q1 earnings, WPI data scheduled equity indices await eventful week ahead (Market Outlook)
19. Feni, fish and formalin: Morgue preservative in seafood provokes outrage, acrid humour
20. After SC order, officers' mindset has changed: Delhi minister
21. Creating job opportunities from e-waste: India-born Australian scientist shows the way
22. Making contaminated water potable -- at just 50 paise a litre
23. Gau Rakshaks not listening to Modi is a matter of concern: Former VP Hamid Ansari (IANS Interview)
24. From Indira to Modi, what gave leaders' political oratory a typical style
25. UP Roadways bus on way to Delhi catches fire, none injured
26. An Uttar Pradesh Roadways bus caught fire near Sindhawli Bridge on Delhi-Haridwar National highway in this district today, but no one was injure in the incident, the police said.
27. Lt Governor pitches for promoting football in Puducherry
28. Hailing France on its victory in the football World Cup, Puducherry Lt Governor Kiran Bedi today called for efforts to build on the spirit of celebration by promoting the game in the former French colony.
29. 18 killed in road accident in Pakistan
30. At least 18 people were killed and another 30 hospitalised after a road accident early today in Pakistan's southern province of Sindh, police and rescue officials said.
31. PC Jeweller tumbles after withdrawal of share buyback
32. Trump arrives in Helsinki for summit with Putin
33. HUL Q1FY19 preview: Double-digit volume growth expected, say analysts
34. HUL Q1FY19 preview: Double-digit volume growth expected, say analyst
35. PMO takes stock of RBI's new provisioning norms for stressed loans
36. Trade war makes emerging markets trickier, investors face volatility
37. US exports, trade war
38. debt, loan
39. Amid Growing Trade Tensions, Chinese Investors Pull Back From U.S. Tech
40. Chinese Millennials Are Flocking To This Anime And Gaming Site, But Can It Make Money?
41. CapitalG Talks Investment Strategy For India's Startups
42. What A Didi-Volkswagen Partnership Could Mean For China's Auto Industry
43. Following IPO, Ecovacs Looks To Amazon Prime Day For Continual Expansion
44. Africa's Richest Man Aliko Dangote Gets $650 Million Loan From Afreximbank For Oil Refinery
45. Channel - Block D - Billionaires - blog - Position 4 - Africa's Richest Man Aliko Dangote Gets $650 Million Loan From Afreximbank For Oil Refinery
46. A new Brexit plan creates fresh depths of chaos
47. Subscribe
48. Contact us
49. Help
50. Open Future
51. France wins the World Cup
52. Terms of Use
53. Privacy
54. Cookie Policy
55. Manage Cookies
56. Accessibility
57. Modern Slavery Statement
58. Advertise
59. Reprints
60. Media Centre
61. The Economist on Facebook
62. The Economist on Twitter
63. The Economist Google Plus
64. Subscribe to The Economist newsletters
65. The Economist on LinkedIn
66. The Economist on Tumblr
67. The Economist on Instagram
68. The Economist on YouTube
69. RSS
70. Culture
71. The World Cup
72. On the road
73. Chinas GDP grows 6.8%
74. Chinas 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.
75. 8 killed in Kabul suicide bomb attack
76. World Cup: France are champions, that's what matters, says Deschamps
77. It was the best game we played in World Cup: Dalic
78. North Korea plans to implement a general amnesty before celebrating its 70th founding anniversary on September 9, Pyongyang's state media said on Monday.
79. At least 18 people were killed and 30 others injured on Monday in a road accident in Pakistan's Sindh province, police said.
80. Several Facebook groups are sharing pirated Hollywood movies to hundred of thousands of users and the social media giant's automated software are unable to stop copyright infringements, the media reported.
81. More than 13 per cent of drones will support embedded SIMs and advanced cellular connectivity by 2022 globally, a new report has said.
82. The Ahmedabad University, in collaboration with the Rady School of Management at the University of California San Diego, has launched a Global Executive MBA Degree in pharmaceutical management to professionals employed in pharma and allied industries.
83. The national capital witnessed a cloudy and humid morning on Monday with the minimum temperature recorded at 27.2 degrees Celsius, the season's average, the Met office said.
84. Elon Musk denies being top donor to Republican committee
85. Dell partners with Chakr Innovation to curb air pollution
86. Testosterone treatment can bring new hope for cancer patients
87. Herpes virus linked to Alzheimer's, antivirals may help
88. Tesla and SpaceX CEO Elon Musk has denied of being a top donor to a Republican political action committee (PAC).
89. With the aim of creating awareness about rising air pollution levels, technology major Dell on Sunday organised an experimental event in collaboration with tech start-up Chakr Innovation which converts diesel soot into ink (POINK) through their retro-fit emission control device for diesel generators.
90. An innovative approach is underway in this Bihar district to make contaminated water potable -- with the active participation of private players in coordination with state agencies.
91. Treatment with hormone testosterone could be effective at combating a condition of loss of body mass in cancer patients and improving the quality of life, say researchers.
92. Scientists have found evidence of a link between herpes infection and Alzheimer's disease as well as the potential of antivirals in reducing the risk of the neurodegenerative disease.
93. Argentine press rips national team coach Sampaoli as he heads for the exit
94. India enter quarters of Asian Junior badminton
95. next:'.e3lanat-rotator-id-977 .adr-next',
96. prev: '.e3lanat-rotator-id-977 .adr-prev
97. next:'.e3lanat-rotator-id-542 .adr-next',
98. prev: '.e3lanat-rotator-id-542 .adr-prev
99. !-- Page optimized by LiteSpeed Cache @2018-07-16 05:07:40 --
100. !-- Page generated by LiteSpeed Cache 2.4 on 2018-07-16 10:37:40 --
101. td_uid_3_5b4c2a694d8b1 class
102. 105 Couples Tie Knot in Kashmir’s Biggest Mass Marriage Function
103. France Overpower Croatia 4-2 in FIFA World Cup Final
104. BBC’s Bafta Awards Winning Shows to Air in India
105. Equity indices surged over 2% this week; Sensex touched new high
106. td_uid_14_5b4c2a613df2f class
107. td_uid_15_5b4c2a615561d class
108. td_uid_17_5b4c2a6162727 class
109. td_uid_20_5b4c2a6167727 class
110. td_uid_22_5b4c2a616fa8f class
111. td_uid_25_5b4c2a61748dd class
112. td_uid_29_5b4c2a6182714 class
113. Gujarat government announces health check-up plan for elderly
114. PETA to approach college students to promote veganism
115. Coming soon, a probiotic-based injection for stress
116. Morocco sends humanitarian aid to Palestine
117. Fighting with spouse may up chronic pain
118. Akshay, Shabana emphasize on educating both men, women on menstrual hygiene
119. td_uid_30_5b4c2a618a731 class
120. td_uid_31_5b4c2a618ebc5 class
121. td_uid_32_5b4c2a61967e6 class
122. td_uid_34_5b4c2a619d571 class
123. Mansarovar Ordeal: Over 500 Indian Pilgrims Await Rescue
124. ‘Congress has no moral authority to say it’s wronged’
125. td_uid_35_5b4c2a61a1cb7 class
126. India Should Showcase Its Heritage With Pride: Modi
127. Modi, Xi to give guidance to their armies to avert another Doklam
128. Modi, Xi to give guidance to their armies to avert another...
129. NASA mission to study heart of Mars set for launch
130. Our aim is social justice: Modi
131. td_block_wrap td_block_big_grid_fl_4 td_uid_39_5b4c2a61a7b8b_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
132. td_uid_39_5b4c2a61a7b8b
133. td_uid_39_5b4c2a61a7b8b class
134. td_block_wrap td_block_big_grid_fl_4 td_uid_43_5b4c2a61ab7d9_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
135. td_uid_43_5b4c2a61ab7d9
136. td_uid_43_5b4c2a61ab7d9 class
137. Apple increases support for Malala Fund to advance girls’ education
138. Twitter moves navigation bar to bottom on Android phones
139. td_uid_3_5b4c2a65b3bfd class
140. English no hurdle, Dipa Karmakar smiles and makes friends with international athletes
141. New hope: How testosterone therapy can prevent drastic weight loss in cancer patients
142. Why women should keep talking about their sexual desires
143. Kizoa review: The free iOS app to have fun with videos
144. Priyanka Chopra says she and Nick Jonas are still getting to know each other
145. Humanoid robot Sophia visits India, falls in love with the 'colourful and diverse' country
146. How to keep making money in a rising rate environment
147. Apple is killing discounts on products in India
148. Top crime specialist joins Kochhar probe
149. Goyal wants bizmen to blow whistle on tax evasion
150. ET Wealth
151. DIY investing in MFs isn't for everyone
152. PC Jeweller cracks 21% on buyback U-turn
153. INOX, PVR fall as Maha allows outside food in theaters
154. Infosys will be in Rs 1300-1350 range today
155. Buzzing stocks: PC Jeweller, Alok Industries, Infosys
156. LIC board to decide timeline for IDBI Bank investment
157. BSF only force that allows smartphone use: DG
158. How upcycling food scrap and cooking with kitchen leftovers is giving a new spin to sustainability
159. Decision dilemma: How looking at the big picture can help you make better choices
160. Interest Rate Hike
161. ITR declaration
162. 10:38 AM | 16 Jul
163. Rising rates will impact people investing in bank deposits, company bonds, small savings, bond funds.
164. Nutralyfe
165. ABMTC
166. GLA University
167. HSBC wants a rethink on the list of 25 ‘high-risk’ countries that was submitted to SEBI by five global banks.
168. Ad: HealthyAyurveda
169. Buzzing stocks: PC Jeweller, Alok Industries, Infosys, RIL
170. Goyal wants businessmen to blow whistle on tax evasion
171. Municipality key to simultaneous polls
172. BMTC to replace 8 lakh bus passes with smart cards
173. Terrorist killed in ongoing operation in Kupwara
174. I feared Serena might die, says husband
175. Apple is blacklisting retailers who sell its products on discount
176. en-gb2018-07-16T10:27:21+05:30
177. 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 agree on a restructuring.
178. en-gb2018-07-16T10:28:28+05:30
179. On May 10, PCJ had approved the buyback up to 1,21,14,286 fully paid-up equity shares.
180. 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.
181. The local currency on Friday settled at 68.52 against dollar.
182. Infosys was leading the pack of most active stocks in value terms on NSE.
183. en-gb2018-07-16T10:14:07+05:30
184. en-gb2018-07-16T10:34:02+05:30
185. en-gb2018-07-16T10:20:04+05:30
186. Implementing the GST was not easy, particularly when the BJP was in power in only six states, but it became possible because of PM Narendra Modi's determination and Arun Jaitley's tactful handling of states' concerns, Goyal said.
187. 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.
188. 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.
189. en-gb2018-07-16T10:43:11+05:30
190. BMTC earlier worked on a similar project in association with Axis Bank. However, the initiative failed as the smart cards were open-loop cards
191. Among those in action, there appeared to be a consensus that the Athletics World Cup is an idea that could be replicated or extended in the future.
192. Alert troops of the Army noticed suspicious movement in Safawali Gali and challenged the infiltrators.
193. en-gb2018-07-16T10:28:19+05:30
194. en-gb2018-07-16T10:24:33+05:30
195. 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.
196. How to keep making money in a rising rate environmentRising rates will impact people investing in bank deposits, company bonds, small savings, bond funds.
197. Apple is killing discounts on products in India The move is aimed at reining in rapid expansion into neighbourhood stores and ensuring sales at max retail price.
198. Goyal wants bizmen to blow whistle on tax evasionImplementing the GST was not easy, particularly when the BJP was in power in only six states, but it became possible because of PM Narendra Modi's determination and Arun Jaitley's tactful handling of states' concerns, Goyal said.
199. The order can deal a great blow to the profitability of the industry, say experts.
200. "The price target for Infy on a 12-month basis is Rs 1430. We have given it 18 times FY20 earnings.
201. Inter-creditor agreement, which most banks are set to sign in a few days, is a great idea, but it may remain just that. When it comes to practice, it may be a case of dead on arrival.The agreement, drawn at the behest of the finance ministry, is aimed at preventing minority lenders from blocking a resolution plan of distressed loans and find a resolution outside the bankruptcy court. Its design can defeat the purpose since minority lenders can approach bankruptcy courts if their interests are not addressed.A directive from the Reserve Bank of India in February has changed the way lenders approach defaults. Banks have to initiate bankruptcy proceedings within 180 days of missing payments in any account above Rs 2,000 crore if they are unable to restructure. The catch is, 100% of lenders should agree for the resolution within 180 days.For loans already in default when the circular was issued, the 180-day countdown begins from March 1 which gives banks time till August 31 to agree on a restructuring.Lenders feel that the value of a company can be preserved if a solution is found outside bankruptcy court. The inter-creditors agreement aims to hasten adeal by binding all lenders to a majority-approved resolution plan. At a time, when bad loans are eating into profits and eroding value of bank assets, such a measure is a welcome move.HOW EFFECTIVE WILL IT BE?The agreement says that if 66% of lenders by value agree, the resolution plan would be binding on all. A dissenting creditor can exit by selling his share at a 15% discount of liquidation value or resolution value, whichever is lower. The lead bank has the right to buy it at a discount, but is under no obligation to do so. Or, the dissenting creditor can buyout all lenders by paying 125% of the resolution value or liquidation value whichever is higher. The dissenting creditor has the right to acquire distressed asset, but not obliged to do so.Alternatively, the dissenting creditors can sell the loan facility to a bank or finance company at a mutually agreed price and not to an asset reconstruction company. There is no easy exit for the dissenting creditor.Even a probationer in a bank Inter-creditor could tell you that a bank laden with bad loan would not want acquire a bad loan in its books even if it is at a discount. Similarly, there is a remote possibility of a dissenting creditor paying premium over an offer in a resolution plan to acquire a distressed asset. ARCs and distressed funds would be the only entities that would be interested in acquiring distressed assets.But for the reasons better known to bankers, willing buyers are kept out.Grievances of dissenting creditors are the most critical aspect that the agreement has failed to address. RBI has said that 100% of lenders should be on board with the resolution plan, failing which it should be referred to bankruptcy court.Secondly, nothing stops an upset lender from approaching bankruptcy court, since a standstill clause, which is part of the agreement is valid for 180 days. The agreement doesn’t cover foreign banks.Interestingly, the agreement talks about arriving at the liquidation value in line with the IBC code and this will be disclosed to all lenders in the consortium.What lenders have forgotten is that it was the disclosure of the liquidation value that resulted in lower bids for distressed assets. Thereafter, the bankruptcy regulator decided it should not be disclosed in the information memorandum.An exit linked to liquidation value can set a benchmark for the bidder as well.Lead bank, defined as the one with highest exposure, would finalise the resolution plan and charge other lenders in consortium a fee for their service.Conservative lenders, who took a small share of risky loan, is forced go with majority.If this is the price that small lenders have to pay for prudence, they may not settle for a raw deal.
202. en-gb2018-07-16T10:24:24+05:30
203. en-gb2018-07-16T10:23:02+05:30
204. tdBlocksArray.push(block_td_uid_53_5b4c24b226d64);
205. tdBlocksArray.push(block_td_uid_57_5b4c24b227fff);
206. tdBlocksArray.push(block_td_uid_58_5b4c24b228d30);
207. tdBlocksArray.push(block_td_uid_59_5b4c24b2299f6);
208. tdBlocksArray.push(block_td_uid_60_5b4c24b22a6b7);
209. tdBlocksArray.push(block_td_uid_64_5b4c24b22c4e6);