Month: July 2021

Adani Group is under lens for stocks hit lower circuit over SEBI: DRI

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SEBI is investigating some Adani Group companies with regard to compliance with SEBI Regulations and the Directorate of Revenue Intelligence, too, is probing certain entities, Parliament was told on July 19 .   Sucheta Dalal’s Tweet Goes Viral After Adani Shares Plunge. However,  Adani Group of Companies had denied freezing of accounts of three foreign portfolio investors (FPI) holding shares and had said that such reports are “erroneous” and “misleading”.   Adani shares plunged June 14 after National Securities Depository Ltd (NSDL) froze the accounts of three foreign investors funding…

Sharad Pawar raises concern on the new ministry with PM Modi

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Apart from meeting PM Modi, Sharad Pawar also wrote him a letter, flagging concerns on the Ministry of Cooperation.   The Nationalist Congress Party (NCP) chief Sharad Pawar has met Prime Minister Narendra Modi today for a meeting which lasted over 50 minutes at the latter’s residence. As per reports, Pawar has raised concerns over the newly-formed Ministry of Cooperation which is headed by Amit Shah, and farmers’ issues.   The meeting was confirmed by Prime Minister’s Office in a tweet. Citing Supreme Court’s judgment, Pawar has written a letter…

OPEC leaders agree to quick oil supply boost to address soaring prices

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OPEC+ ministers are meeting on Sunday in another attempt to agree a quick oil supply boost to address soaring prices as the global economy recovers from the coronavirus pandemic.   An attempt earlier this month by the group, which includes OPEC countries and allies like Russia, to agree on a new output policy failed because of differences between Saudi Arabia and the United Arab Emirates (UAE).   OPEC+ last year agreed record output cuts of almost 10 million barrels per day (bpd) amid a pandemic-induced slump in demand and gradually relaxed them…

US tech industry hot by $487bn revenue in 2021

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Retail sales revenue for the tech industry in the US will reach a record-breaking $487 billion (€413bn) in 2021 – a 7.5 per cent jump year-over-year – powered by consumer demand for tech related to work, school and lifestyle, according to a report by the Consumer Technology Association (CTA),as per advanced Television release.   “The pandemic strengthened consumers’ relationship with technology forever,” said Gary Shapiro, president and CEO, CTA. “From working to learning, staying connected with loved ones and taking care of our health, tech played a crucial role in…

Rakesh Jhunjhunwala, wife, others pay Rs 37 cr as settlement for insider trading

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Billionaire Rakesh Jhunjhunwala, his wife Rekha Jhunjhunwala and eight others have settled the Aptech insider trading case with Sebi (Securities and Exchange Board of India), by agreeing to pay a settlement fee of Rs 37 crore.   The case dates back to 2016. The combined amount that’ll be paid by these 10 individuals comprises settlement charges, disgorgement of ill-gotten gains and interest charges.   The case pertains to dealing in shares of Aptech by Jhunjhunwala and his family members, who are promoters in the education company. Sebi was probing the…

Japan sets a world record with fastest internet speed set at 319 Tbps

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Innovations are the core of Japanese and the innovations have changed the world.   A New technology developed by Japanese engineers has broken all the record of data transmission speed of 319 terabits per second, the long-haul transfer of data took place over 3,001 kilometres (1,864 miles) long.   They used a combination of rare earth minerals, a new kind of fiber optic cable, and a laser system. It’s almost twice the 178 Tbps record set in 2020 by UCL engineers.   This speed is almost double of the last fastest recorded internet…

It’s Time to be brave, stretch fiscal deficit targets: KV Kamath

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Veteran banker K V Kamath has said it is time for the government to be brave and stretch the fiscal deficit target set in the budget if need be, to push growth. That is the only way out of the challenge that we have.   To the extent that you need to stretch the budget, you do it,” Kamath remarked during an industry event. He further said that the government has already been brave while presenting the Budget and has said that they are willing to stretch the deficit to make sure that…

Hackers can steal WhatsApp user’s chat backups! WhatsApp to add new features to secure the Chats

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WhatsApp is working on adding a number of new features on its platform. The list includes voice waveforms, in-app tools to review bans, joinable group calls and View Once functionality on Android and iOS. Hackers targeting WhatsApp could compromise the privacy of your messages and contacts.   Earlier this week, the Facebook-owned messaging app started rolling out one of the most awaited features — multi-device support — to its beta users. WhatsApp chat backups are in danger.   We all know that WhatsApp end-to-end encrypts all conversations and messages that…

Nurture.Farm – A Digital Platform For Sustainable Agriculture Scales Up To Become Part Of The Openag™ Network

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UMBAI: nurture.farm – a digital platform for growers, farming communities and food systems, is scaling and expanding its global reach as a part of the OpenAg™ network. The OpenAg™ network was conceived by UPL Ltd, a world leader in sustainable agriculture.   The nurture.farm platform fosters resilient farmers, making agriculture simple, profitable and sustainable for generations to come through technology-led solutions covering every step of the farming life cycle. nurture.farm, which was incubated by UPL, will operate as an open platform in the supply of products, innovation and mechanisation.   Dhruv Sawhney, COO and Business…

Amitabh Kant feels revival of Indian economy linked to funding in quality infrastructure

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As per news source, Amitabh Kant, the Chief Executive of the government think tank NITI Aayog said that investing huge amounts of money into top quality infrastructure will lead to a high trajectory of growth, but it is a difficult choice to make if resources are scarce.   The government is facing criticism due to rise in fuel prices and runaway inflation. While talking about whether the tax structure on these essentials needs to be rationalised to bring relief for people, he said that an ideal pace of tax collection must remain to ensure…