Eco/Invest/Demography

Mukesh Ambani keeps salary capped at Rs 15 cr for 11th yr in a row

Data       Jul 20, 2019

  Richest Indian Mukesh Ambani has kept his annual salary from his flagship firm Reliance Industries capped at Rs 15 crore for the eleventh year on the trot. Ambani has kept salary, perquisites, allowances and commission together at Rs 15 crore since 2008-09, forgoing over Rs...

Boeing Creates $50M Crash Victims’ Fund

International News       Jul 19, 2019

Seattle: Boeing Co. said on Wednesday it will dedicate half of a $100 million fund it created after two crashes of its 737 MAX planes to provide payments to families of those killed, with veteran U.S. compensation expert Ken Feinberg hired by the world’s largest...

Better career prospects, sense of fulfilment attract expats to India: Survey

Indian News       Jul 19, 2019

  NEW DELHI: India has emerged as a popular destination for expats as working in the country boosts their careers and provides enhanced salary and sense of fulfilment, says an HSBC survey.    The survey was conducted on 18,059 expats from 163 markets.    Around 48 per cent...

India down 3 Places in mobile, broadband speed: Report

Indian News       Jul 19, 2019

New Delhi: India’s ranking in terms of mobile internet and fixed broadband speed declined by three places in June to 74th and 126th positions respectively, a report by Ookla said on Friday.   As per the report, there has been a slight decline since the previous...

Subsidy for EVs only for commercial vehicles, not personal usage:Govt

Indian News       Jul 19, 2019

  New Delhi: The government Friday asserted that subsidies for the promotion of electric mobility in India will be only for commercial vehicles, and automobiles for personal usage will not be included.   Speaking at an event here, Minister of State for Heavy Industries and Public Enterprises...

Ebola outbreak declared international emergency by WHO

International News       Jul 18, 2019

  Geneva: WHO Director-General Dr. Tedros Adhanom Ghebreyesus declared the Ebola virus disease (EVD) outbreak in the Democratic Republic of the Congo (DRC) a Public Health Emergency of International Concern (PHEIC).   “It is time for the world to take notice and redouble our efforts. We need...

Government to prepare national data on unorganised sector

Indian News       Jul 17, 2019

  NEW DELHI: Shrinking of unorganised sector is a "positive" indicator of development and the government will prepare a separate data on unorganised workers in India, Labour and Employment Minister Santosh Kumar Gangwar told the the Rajya Sabha on Wednesday.   The government has taken several measures...

Freak weather poses new risk to India's renewables goals

Indian News       Jul 17, 2019

  New DelhI: India’s ambitious plan to take the leadership position among nations as one of largest producers of renewable energy may have run into some unfavorable weather.    Freak climatic conditions are damaging renewable energy projects, threatening a business which survives on wafer-thin margins. A storm...

Financial world’s blockchain euphoria gives way to pragmatism as projects stall

International News       Jul 17, 2019

Two years ago Nasdaq Inc. and Citigroup Inc. announced a new blockchain system they said would make payments of private securities transactions more efficient. Nasdaq Chief Executive Adena Friedman called it “a milestone in the global financial sector.”   But the companies did not move forward...

Shipping firms begin hiring unarmed guards for voyages in Middle East Gulf

International News       Jul 17, 2019

Shipping companies are hiring unarmed security guards for voyages through the Middle East Gulf as an extra safeguard after a wave of attacks in the region, security companies involved said.   Relations between Iran and the West are increasingly strained after Britain seized an Iranian tanker...

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