GS-III

Gaja expected to strike today

Will bring widespread rain, 80-90 kmph gale-force winds Parts of coastal Tamil Nadu and Puducherry will begin to get widespread rainfall from Thursday as Cyclone Gaja comes closer to the Tamil Nadu coast. According to officials of the meteorological department, Gaja now lies over the Bay of Bengal, about 510 …

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Endosulfan: Council panel wants waters tested

Committee to submit report to government to alleviate woesof victims The Assurances Committee of the Legislative Council on Wednesday directed the Dakshina Kannada Deputy Commissioner to get the surface and the groundwater of endosulfan-affected areas tested to verify whether they are the still contaminated with the chemical. Chairing a review …

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Yamaha staff agree to end strike

Talks end; company to allow them to report for duty from Friday Employees of Yamaha Motor India Limited, who had abstained from work from September 21, will be allowed to report for duty from Friday. A decision to this effect was arrived at in a meeting convened by the district …

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Allahabad Bank posts loss of Rs. 1,823 crore

Cites higher provisioning, ageing NPAs Allahabad Bank’s net loss narrowed to Rs. 1,822.71 crore from the Rs. 1,944.4 crore loss in the immediately previous quarter. The bank said in a regulatory filing that its losses were due to higher provisioning on account of NCLT-referred accounts and latest RBI guidelines regarding …

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Tata Steel profit surges over threefold

Higher steel prices and consolidation of Bhushan Steel results aid the company Tata Steel Ltd.’s second quarter consolidated net profit rose to Rs. 3,116 crore, the highest in nine years, compared with a net profit of Rs. 1,018 crore in the year-earlier period on higher steel prices and consolidation of …

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The mind behind Marvel superheroes

Stan Lee created flawed and relatable icons like Spider-Man and Black Panther Marvel legend Stan Lee, who died on Monday at the age of 95, revolutionised pop culture as the co-creator of iconic superheroes like Spider-Man and The Hulk. He ended up in the comics business by accident, thanks to …

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Binny Bansal resigns as Flipkart CEO

Binny Bansal has announced his resignation as CEO of Flipkart Group, effective immediately, following an independent investigation into an allegation of “serious personal misconduct,” said Walmart Inc. in a statement. “He strongly denies the allegation. Nevertheless, we had a responsibility to ensure the investigation was thorough,” said Walmart. Source : …

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RBI unlikely to open window for NBFCs

‘NBFCs should explore other options’ Amid growing demand for liquidity support for non-banking finance companies, the Reserve Bank of India (RBI) is unlikely to provide any special support to the sector, though it will continue to provide funds to the banking system as liquidity deficit in the system is a …

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IIP growth falters as inflation eases

Industrial production slows to 4.5%; slowing price growth in food, housing cools inflation to 3.31% Growth in industrial activity as measured by the Index of Industrial Production slowed marginally in September to 4.5% due to slowing growth in the manufacturing and capital goods sectors, official data released on Monday showed. …

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‘Vote bank politics has failed’

People opt for development, says Modi; launches projects for Rs. 2,400 cr. in Varanasi The people of the country are taking decisions based on development and not “politics of vote bank”, Prime Minister Narendra Modi said here on Monday.At an official function in his Lok Sabha constituency, the Prime Minister …

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Heavy rain forecast in six districts

Cyclone Gaja gathers strength over Bay of Bengal The weather office has issued an yellow alert indicating isolated heavy rainfall for Kottayam, Idukki, and Palakkad districts on November 15 and 16 under the influence of cyclonic storm Gaja gathering strength over the Bay of Bengal. An orange alert indicating isolated …

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