Assorted

Mumbai, Aug 7: The Reserve Bank on Wednesday cut key interest rate for the fourth consecutive time, as it reduces repo rate by 35 basis points to 5.40 per cent to boost the slowing economy. The six-member monetary policy committee (MPC) also maintained the accommodative stance on the monetary policy. Noting that inflation is currently projected to remain within the target over a 12-month ahead...

New Delhi, Aug 6: A petition was filed in the Supreme Court on Tuesday challenging the Presidential order on Article 370 which revokes the special status given to Jammu and Kashmir . The plea has been filed by advocate M L Sharma who claimed that the Presidential order was "illegal" as it was passed without taking consent from the state assembly. Sharma is likely to mention his plea for urgent...

New Delhi, Aug 4: Indian Space Research Organisation (ISRO) on Sunday shared the first set of images of the Earth as viewed by Chandrayaan-2. "First set of beautiful images of the Earth captured by #Chandrayaan2 #VikramLander Earth as viewed by #Chandrayaan2 LI4 Camera on August 3, 2019, 17:28 UT," ISRO tweeted. Recently, the organisation announced that it has successfully carried out the fourth...

Washington D.C., Aug 3: Forest elephants engineer the ecosystem of the entire central African forest, but their catastrophic decline toward extinction has catastrophic implications for carbon policy. One of the last remaining megaherbivores, forest elephants shape their environment by serving as seed dispersers and forest bulldozers as they eat over a hundred species of fruit, trample bushes...

Washington, Aug 3: Facebook has announced that it will make two algorithms open-source which it uses to identify abusive or harmful content on its platform. PDQ and TMK+PDQF are the two technologies which Facebook uses to identify child sexual exploitation, terrorist propaganda, and graphic violence. The duo of technologies stores files as digital hashes and compares them with known examples of...

Breaking his silence over India plans, Tesla CEO Elon Musk has said that high import duties on electric cars are blocking the entry of the electric car maker in the country. "I'm told import duties are extremely high (up to 100 per cent), even for electric cars. This would make our cars unaffordable," Musk said late Thursday while responding to a tweet from an Indian follower. India has taken a...

Bangalore Aug 2: IT major Mindtree, now controlled by L&T Group Company, announced the appointment of Debashis Chatterjee as the CEO & MD of Mindtree Ltd. He has been inducted into Board of MindTree Ltd with a mandate to lead the company into its next phase of growth. Prior to joining Mindtree, Chatterjee was President, Global Delivery and Global Leader for the Digital Sytems and Technology...

Mumbai, Aug 2: The state consumer commission in Maharashtra has directed a civic-run hospital in Navi Mumbai and a Chembur-based hospital to pay over Rs 15 lakh compensation to a woman whose husband died nine years ago due to "medical negligence". In a recent order, the Maharashtra State Consumer Disputes Redressal Commission said while one hospital could not recognise the illness of her husband...

Mumbai, Aug 1: Telecom operator Bharti Airtel on Thursday posted a staggering ₹2,866 crore loss for the first quarter of FY 2020, amid a fierce competition unleashed in the Indian telecom market by rival Reliance Jio. Airtel had logged a net profit of ₹97 crore in the same period of the previous year, Bharti Airtel said in a statement. The revenue of the Sunil Mittal-led company rose 4.7 per cent...

Hubli, Jul 31: Congress workers staged a protest in Hubli on Wednesday against the Karnataka government's decision to not celebrate Tipu Jayanti this year. "We are protesting against the decision of Yediyurappa government to ban celebrations on Tipu Sultan's Jayanti. Tipu Sultan is among the pioneers who fought for this nation. Tipu Sultan was very much secular and BJP has no other ideology than...