The Apollo Hospitals chairman on the growth of private health care, Jayalalithaa’s illness, and expectations from the Modi government As Apollo Hospitals celebrates the 35th anniversary of its founding, the group’s chairman, Prathap C. Reddy, is looking ahead to make the most of the global advances in medical technology rather …
Read More »Monthly Archives: September 2018
Ten years on, in uncharted waters
The crises in emerging economies show how vulnerable they remain to the vagaries of U.S. economic policy Economists thrive on crises. The East Asian crisis of 1997 caused a rethink on full capital account convertibility and fixed exchange rates. The Internet bubble and bust of the early 2000s led many …
Read More »SpaceX names first passenger to moon
Yusaku Maezawa is a fashion tycoon A Japanese billionaire and online fashion tycoon, Yusaku Maezawa, will be the first man to fly on a monster SpaceX rocket around the moon as early as 2023, and he plans to bring six to eight artists along. Mr. Maezawa, 42, will be the …
Read More »Dutch to turn diapers into furniture
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 »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 …
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