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Daily Archives: January 4, 2019

Meet the ‘snowman’ floating in space

Ultima Thule, an icy celestial body, is aptly shaped like a giant snowman, NASA scientists have announced.The first detailed images beamed back from the U.S. agency’s New Horizons mission allowed scientists to confidently determine the body was formed when two spheres, or “lobes,” slowly gravitated towards each other until they …

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NHAI to raise Rs 10,000 cr through Bharatmala bonds

The National Highways Authority of India (NHAI) plans to raise Rs. 10,000 crore through Bharatmala Taxable Bonds in the current fiscal, Parliament was informed on Thursday. Highways Minister Nitin Gadkari said as per the internal and extra budgetary resources approved for 2018-19 by the government, Rs. 62,000 crore is to …

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Gold rises for third day, surges to Rs. 32,835

Extending its gains for the third straight session, gold prices on Thursday surged by Rs. 335 to Rs. 32,835 per 10 grams at the bullion market in the national capital, amid a weaker rupee against dollar, according to the All India Sarafa Association.Silver, too, followed gold, gaining Rs. 350 to …

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‘Printing of Rs. 2,000 notes reduced to minimum’

The printing of Rs. 2,000 banknotes, introduced post-demonetisation in November 2016, has been reduced to “minimum” by the Reserve Bank, a top finance ministry official said on Thursday.Soon after the sudden decision to ban old Rs. 500/1000 currency notes by the government, the Reserve Bank of India had come out …

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Global headwinds continue to spook Indian markets

Global headwinds continued to hit Indian equities for the second consecutive session on Thursday as the benchmark Sensex and Nifty lost more than 1% each with investors reeling under concerns of an economic slowdown.The 30-share Sensex lost 377.81 points or 1.05% to close at 35,513.71. The broader Nifty ended the …

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E-way bill system changes confusing, say transporters

The government’s decision to make some changes to the e-way bill system effective November 16, 2018, has not gone down well with transporters, who claim that it has not been communicated properly and has led to ‘complete confusion’.“When A sells a material to B, he raises an invoice and subsequently …

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Object of IBC paramount, says NCLT

The Mumbai Bench of the National Company Law Tribunal (NCLT) has observed that rejection of a resolution plan on technicalities, without going into its merits, goes against the spirit of the Insolvency and Bankruptcy Code.Hearing the case of the applicant Omkara Assets Reconstruction Private Limited, the applicant, against the Interim …

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Ireland to seek EU aid over Brexit

Ireland will seek hundreds of millions of euros in aid from Brussels if Britain crashes out of the EU without a deal, the Agriculture Minister was quoted on Thursday as saying.“You’re looking at hundreds of millions here,” Michael Creed told The Irish Independent .The emergency aid would aim to buttress …

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‘Yellow vest’ leader arrested

One of the leaders of the “yellow vest” anti-government demonstrations was detained by police in Paris late on Wednesday for organising an unauthorised protest, signalling a harder line by the authorities against the movement.Eric Drouet — who already faces a trial for carrying a weapon at a previous protest — …

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