Daily Archives: November 10, 2018

Indonesia’s Toraja tribe live among the dead

Ethnic group has few qualms living in vicinity of corpses Martha Kande’s family lived with her greying, shrivelled corpse at their home in Indonesia for seven months, as they prepared an elaborate funeral that is central to the Toraja people’s centuries-old death rituals. “We keep the body in a coffin …

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Google outlines steps to tackle workplace harassment

Tech giant moves to calm outrage that triggered a worldwide walkout of workers Google on Thursday outlined changes to its handling of sexual misconduct complaints, hoping to calm outrage that triggered a worldwide walkout of workers last week. “We recognize that we have not always gotten everything right in the …

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RCEP trade ministers to meet on Nov 12-13 in Singapore

A crucial meeting of Trade Ministers of RCEP member- countries, including India and China, will take place in Singapore on November 12-13 amid pressure being mounted on New Delhi to conclude talks for the proposed mega trade deal at the earliest, sources said. Regional Comprehensive Economic Partnership (RCEP) is a …

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Plastics exports rise 31.6% in April-Sept.

India’s plastics exports grew 31.6% to $4.59 billion during April to September 2018 (H1 2018-19) as against $3.48 billion in the same period last year. This is a faster pace of growth than the overall merchandise export growth from India, according to the Plastics Export Promotion Council (Plexconcil). During H1 …

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Foundry industry expects growth to double in two years

Plans to increase production to 14 million tonnes by 2021 The Indian foundry industry expects nearly 14% growth in the next two years, from the 5% to 7% now, according to members of the Institute of Indian Foundrymen here. The Indian foundry industry, the third-largest castings producer globally, is looking …

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‘Easing cabotage has not led to cut in coastal shipping rates’

The Indian National Shipowners’ Association (INSA) has disputed the reported claims of Union Shipping Secretary Gopal Krishna that the government’s move to relax cabotage had led to reduction in coastal shipping rates. The Shipping Ministry, had in May this year, relaxed cabotage for foreign-registered vessels to bring down logistics costs. …

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SEBI halves HNI bid quantum in IPO to curb leverage

The capital markets regulator’s revised guidelines effectively cap such bids to 50% of the issue size A small but important amendment to the listing and disclosure regulations will soon see public issues reporting realistic subscription numbers especially in the segment reserved for high net worth individuals (HNIs) that is known …

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Credit growth at 5-year high

Demand from firms, NFBCs drive loan growth; however, deposits grow slower In what could be an indication of a pick-up in private investment, loan growth of commercial banks is at a five-year high on the back of strong demand, latest data released by Reserve Bank of India (RBI) showed. According …

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British Minister quits over Brexit plan

Jo Johnson hits out at direction of government negotiations, calls for second referendum The British government was thrown into a fresh round of turbulence on Friday as Jo Johnson, the brother of Boris Johnson and the country’s Transport Minister, resigned unexpectedly and lashed out at the direction of government negotiations …

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Florida races heading for recount

Senate and governor elections are in focus, Georgia governor race remains open With the prospect of vote recounts looming, two of the high profile U.S. midterm races — for State governor and a Senator from the State — continue to stay in focus even after the voting day. On Thursday …

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