Fed-up with a growing mountain of stinking disposable nappies, a Dutch firm on Tuesday started building the country’s first recycling plant to turn poo into profit. Plastic from the nappies extracted by the facility in the central Dutch town of Weurt near Nijmegen will have a second life as household …
Read More »Daily Archives: September 19, 2018
SAP’s ethics code for AI
To prevent technology from infringing on people’s rights German business software giant SAP published on Tuesday an ethics code to govern its research into artificial intelligence (AI), aiming to prevent the technology infringing on people’s rights, displacing workers or inheriting biases from its human designers. “SAP designed these guiding principles …
Read More »Game of Thrones wins nine Emmys
The Marvelous Mrs Maiseltook home eight awards overall, including one for best comedy HBO’s record-breaking fantasy epic Game of Thrones stormed back onto the Emmys stage on Monday, winning the coveted best drama series prize on a night full of surprises, including an on-air marriage proposal that stunned the audience. …
Read More »Rupee hits fresh low, ends at 72.98
The rupee closed at a record low against the dollar on Tuesday, declining 47 paise to close the day at 72.98 a dollar due to rising global crude oil prices. Benchmark Brent crude futures rose $1.14 a barrel to $79.19 during the day, after hitting a high of $79.37 in …
Read More »‘Employee interests will be taken care of’
Staff have to be informed of benefits of the merger, says Vijaya Bank MD & CEO A day after the mega merger announcement, R.A. Sankara Narayanan , MD & CEO of Vijaya Bank, speaks on the immediate challenges on hand . Excerpts : What benefits do you see from this …
Read More »Bank of Baroda, Vijaya shares end in red, Dena rises 20%
Merger credit positive, will require capital support: Moody’s The government’s proposal to merge three public sector banks evoked mixed response from investors, with Bank of Baroda and Vijaya Bank stocks ending in the red, while Dena Bank shares, which hit the upper circuit, ended with a 19.75% gain. Stocks of …
Read More »‘Curbs on VTB no bar to Essar bid’
Political sanctions have no place under insolvency code, says NuMetal NuMetal argued in the Supreme Court on Tuesday that international “political sanctions” against Russia’s VTB Bank had no place in the Essar Steel auction under the Insolvency and Bankruptcy Code (IBC). “In foreign policy, friends become foes and foes become …
Read More »SEBI cuts expense ratio for MF schemes
Capital markets regulator to issue new circular on KYC norms for foreign portfolio investors The Securities and Exchange Board of India (SEBI) has broadly accepted the recommendations of the H.R. Khan Committee on Know-Your-Client requirements for foreign portfolio investors (FPIs), while lowering the total expense ratio (TER) for open-ended equity …
Read More »Trump declassifies papers on Russia probe
They include James Comey’s messages U.S. President Donald Trump declassified a trove of documents related to the early days of the FBI’s Russia investigation, including a portion of a secret surveillance warrant application and former FBI Director James Comey’s messages. Mr. Trump made the extraordinary move on Monday in response …
Read More »Russia blames Israel after plane shot down in Syria
Syria accidentally shot down a Russian military aircraft, on Monday killing all 15 crew members, when its air defences swung into action against an Israeli missile strike, Russian and Israeli forces said on Tuesday. The Russian Ilyushin dropped off the radar over the Mediterranean moments after Turkey and Russia announced …
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