Daily Archives: November 15, 2018

M&M Q2 net rises 26% to Rs. 1,779 cr.

Revenues increase on automotive sales; however, the firm’s margins contract Mahindra & Mahindra (M&M) reported a better-than-expected 26% increase in its second quarter net profit to Rs. 1,779 crore even as the maker of utility vehicles and tractors witnessed margin contraction. The financials include numbers of its commercial vehicle unit …

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Protecting the tiger’s habitat

A large number are living outside reserves, making the species vulnerable Why is the death of tigress Avni controversial? Since 2016, the deaths of 13 people in the Pandharkawda divisional forest of Maharashtra have been attributed to tigers and at least five of them to Avni, a 6-year-old with two …

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‘RBI monetary policy too conservative’

Headline inflation falling, doesn’t warrant conservative policy, says CLSA’s Wood The RBI is being too conservative in its monetary policy and the government is right in criticising the central bank on this count, according to Christopher Wood, managing director and equity strategist at CLSA, a capital markets and investment group. …

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Rupee gains as crude drops

Currency rises 0.5% to close at 72.31, oil slips to $65 a barrel The rupee appreciated 0.5%, or 36 paisa, against the dollar as international crude oil prices dropped to $65 a barrel, which is seen as positive for the current account deficit since India imports 80% of its oil …

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Madras Court strikes down new phone tariffs

The Madras High Court to-day [November 14, Madras] struck down the revised higher telephone tariffs holding them to be “arbitrary, unreasonable and unjust.” Mr. Justice T. Venkatadri, delivering the judgment, said that to his mind the imposition of fee for each extra call constituted an “intolerable burden.” The Department had …

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Israel Minister quits over ceasefire

Resignation comes even as the truce with Hamas holds Israeli Defence Minister Avigdor Lieberman announced his resignation on Wednesday and called for early elections after a sharp disagreement over a Gaza ceasefire deal, throwing the government into turmoil. Mr. Lieberman also said his party was quitting Prime Minister Benjamin Netanyahu’s …

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Rajapaksa to address Parliament

His faction has refused to accept the vote against him Mahinda Rajapaksa will address Parliament on Thursday, a day after a majority of legislators in the House voted him out. “It will be on the current political situation,” his son and Hambantota parliamentarian Namal Rajapaksa told The Hindu . Following …

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Melania wants Deputy NSA to be fired

Mira Ricardel reportedly clashed with the First Lady during Africa trip last month It may be the end of the road for Deputy National Security Adviser Mira Ricardel’s career at the White House, as there was speculation on Tuesday that she had been told to go by U.S. President Donald …

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U.K. closer to delivering Brexit: May

British PM strikes a note of defiance in Parliament while trying to silence critics of the agreement British Prime Minister Theresa May, striking a note of defiance, insisted that the deal she had struck with the EU negotiators was one that delivered on what the British people voted for, as …

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