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Monthly Archives: September 2018

Japan releases rovers towards asteroid

The robots are expected to collect minerals that may throw light on the origin of the solar system A Japanese space probe on Friday released a pair of exploring rovers towards an egg-shaped asteroid to collect mineral samples that may shed light on the origin of the solar system. The …

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‘U.S., China trade spat can impact India’

‘No benefit from Sterlite unit closure’ The trade friction between the U.S. and China is worrisome and can have an impact on India, said Kumar Mangalam Birla, chairman, Aditya Birla Group. Hindalco’s subsidiary Novelis has presence in both the U.S. as well as China and so has Aleris Corporation which …

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Floor CPA cover for motor insurance hiked to Rs. 15 lakh

IRDAI sets uniform Rs. 750 annual premium for the cover The minimum Compulsory Personal Accident (CPA) cover for owner-drivers under the motor insurance policy has been increased to Rs. 15 lakh. The enhanced, mandatory cover that came into force with immediate effect will lead to a higher annual premium of …

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SEBI revises KYC norms for foreign portfolio investors

NRIs, OCIs, resident Indians allowed to be part of such entities investing in India The Securities and Exchange Board of India (SEBI) has announced the revised guidelines for know your client (KYC) requirement for foreign portfolio investors (FPIs) allowing non-resident Indians (NRIs), resident Indians (RIs) and overseas citizens of India …

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Markets hit the panic button over fear of fresh defaults

Sensex nosedives intraday before institutional buying in select index stocks restores order; sale of a HFC’s debt paper at discount by a mutual fund seen as the trigger Driven by fears about fresh defaults from non-banking finance companies and regulatory restrictions on housing finance companies, the stock markets went into …

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Landslip toll rises to 29 in Philippines

The death toll from a landslip in the central Philippines has risen to 29, the police said on Friday, as rescuers frantically dug for survivors of the latest tragedy in the storm-hit nation. Dozens were still missing as authorities probed whether a nearby rock quarry could have played a role …

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China warns U.S. of consequences over sanctions

China on Friday warned the United States to withdraw sanctions imposed on a Chinese military organisation for buying Russian weapons or “bear the consequences” of Beijing’s response. Chinese Foreign Ministry spokesperson Geng Shuang expressed Beijing’s “strong indignation” against Washington’s move, saying it violated the basic norms of international relations. He …

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