GS-III

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 …

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 …

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 …

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 …

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 …

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 …

Capital markets regulator to issue new circular on KYC norms for foreign portfolio investors The Securities and Exchange Board of India (SEBI) has broadly accepted the recommendations of the H.R. Khan Committee on Know-Your-Client requirements for foreign portfolio investors (FPIs), while lowering the total expense ratio (TER) for open-ended equity …

The Army, which is inducting the indigenously developed Akash short-range surface-to-air missile (SRSAM) system, will get an upgraded variant. The Defence Acquisition Council (DAC) gave its procedural approval to the variant on Tuesday. The Army has already inducted two Akash regiments, and ordered two more last year after a global …

Sells merchandise ahead of 2019 poll One of the main campaign devices of the BJP in the 2014 general election was the volunteer platform of 272+ (the half-way mark in the Lok Sabha), harnessed under various constituency-specific websites. Kicking off the last-mile campaign outreach for 2019, the Prime Minister’s Narendra …

Gujarat, M.P. likely to opt for new payment scheme Despite patchy rainfall in some parts, the Agriculture Ministry has set a foodgrain production target of 285.2 million tonnes for 2018-19, a marginal increase from the previous year’s harvest of 284.8 million tonnes. Rainfall deficit during the current monsoon season is …