Thursday, November 26News That Matters

Day: October 6, 2020

Business

Abu Dhabi Investment Authority invests Rs 5,512.5 crore in Reliance Retail for 1.2 per cent stake

Image Source : PTI Abu Dhabi Investment Authority invests Rs 5,512.5 crore in Reliance Retail for 1.2 per cent stake Reliance Retail Ventures Ltd, run by India's richest man Mukesh Ambani, on Tuesday raised Rs 5,512.50 crore from Abu Dhabi Investment Authority (ADIA), taking the total fundraise to Rs 37,710 crore in less than four weeks. "ADIA's investment will translate into a 1.20 per cent equity stake," the Indian firm said in a statement. The investment values RRVL, the retail arm of Reliance Industries Ltd, at a pre-money equity value of Rs 4.285 lakh crore. "With this investment, RRVL has raised Rs 37,710 crore from leading global investors including Silver Lake, KKR, General Atlantic, Mubadala, GIC, TPG and ADIA in less than four weeks," the statement said. The investments equ...
Career and Education

Mangalore University sets up task force to implement NEP 2020 – Times of India

MANGALURU: Mangalore University has constituted a task force of its Syndicate to implement the National Education Policy (NEP) 2020. Nine sub-committees under this task force will go into various aspects of the NEP. They have to give time bound suggestions on specific thrust areas under the NEP given to them. This is in line with the express wish of the Karnataka State Higher Education Council to be the first state in India to roll out NEP. Stating this at first general meeting of academic council for of the university for the academic year 2020-21 here on Tuesday, P S Yadapadithaya, vice-chancellor said Dr C N Ashwath Narayan, minister for higher education is keen that Karnataka is the first state to get off the blocks in implementing NEP. The university needs to be in sync with the g...
Career and Education

KSP Armed Police Constable admit card 2020 released, exam on Oct 18 – Times of India

NEW DELHI: Karnataka State Police (KSP) on Tuesday released the admit card for the Armed Police Constable (Men) (Car/Dar) - 2020 written examination. Candidates, who have applied for the KSP Armed Police Constable recruitment, can now download their admit card from the official website - http://apcnhk20.ksp-online.in/. Candidates can download their Hall Ticket by entering their application number and date of birth. The KSP Armed Police Constable recruitment Written Examination will now be conducted on October 18, 2020. Earlier, the Karnataka State Police (KSP) had released the Karnataka State Industrial Security Force (KSISF) SI and Special Reserve SI ET/PST admit card on September 28, 2020. A message posted on the official website reads: "Written Examination Call letter has been u...
Business

Bitcoin ban: UK watchdog bans Bitcoin-based products for retail investors | India Business News – Times of India

LONDON: Britain's financial watchdog said on Tuesday it will ban the sale to retail investors of products that track the price of cryptoassets like Bitcoin, saying most people lose money on them. The Financial Conduct Authority (FCA) said there is no reliable basis for valuing cryptoassets that underpin derivatives and exchange-traded notes. The ban will come into force on January 6, 2021. Shares in online trading platforms Plus500, IG and CMC fell by between 2% and 3% after the FCA published its statement on the ban. The watchdog set out proposals for the ban in a public consultation last year, and said on Tuesday it will save retail investors 53 million pounds ($69 million). There is a prevalence of market abuse and financial crime, along with extreme volatility in prices, and lack of...
Business

NPCI working on AI-based fraud detection model – Times of India

NEW DELHI: The National Payments Corporation of India (NPCI) is working on some artificial intelligence-based fraud detection models as banks and financial systems are now increasingly using the technology to further their business, its managing director and CEO Dilip Asbe said on Tuesday. Speaking at RAISE 2020 event, Asbe said that financial services are fairly rule-based now and the industry has started looking at AI in a fairly good manner. Many banks have launched chatbots, many have launched the fraud detection Robo advisory services, while high frequency trading has been been fairly known as to be using AI and video KYC (Know Your Customer) is another area where AI is being used, Asbe said. Asbe said these are the areas where AI is being used in the decision-making alone or decis...
India

Bengal Governor Vs Government Again Over “223 Rape Cases In August” Claim

The Governor's list was printed on a plain sheet of paper with no official letterhead. (FILE)Kolkata: The Raj Bhawan and the Mamata Banerjee-led government in Bengal today crossed swords againi over a tweet by Governor Jagdeep Dhankhar, claiming there were 223 rape cases and 639 kidnappings in the state in the month of August alone."Time to douse fire under feet and put law and order in place before attending flames elsewhere," Mr Dhankhar tweeted this afternoon, along with a list of district-wise numbers of rapes and kidnappings in Bengal in August.Rapes-223 and Kidnappings-639 @MamataOfficial in August 2020 as per official reports indicate worrisome state of crime against women- a cause of concern.Time to douse fire under feet and put law and order in place @WBPolice@KolkataPolice bef...
Sports

Arnaud Demare Wins Giro d’Italia Photo-Finish As Geraint Thomas Heads Home | Cycling News

Frenchman Arnaud Demare won a photo-finish sprint for the fourth stage of the Giro d'Italia on Tuesday, as Team Ineos leader Geraint Thomas withdrew from the race with a fractured pelvis. Groupama-FDJ rider Demare beat Slovak Peter Sagan by just a tiny margin in a thrilling battle to the line after 3hr 22min in the saddle over 140km from Catania to Villafranca Tirrena, in Sicily. Demare said to win he had 'thrown his bike', a move where a sprinter sits back from the saddle and pushes the cycle forwards a few inches. "Behind my dad's scooter I often train for that last push," said Demare. "Today it paid off but I wasn't sure that I'd won when I cross...
Business

Nirmala Sitharaman mounts veiled attack on Congress over MSP – Times of India

CHENNAI: Union finance minister Nirmala Sitharaman on Tuesday made a veiled attack on Congress vis-a-vis the new farm legislations, saying those who did not even provide Minimum Support Price (MSP) for commodities other than paddy and wheat were now raising 'unreasonable' apprehensions. Stoutly defending the new farm laws of the Centre, she said these legislations came under the ambit of the union government and it covered inter-state farm trade. On apprehensions that MSP may be scrapped by the government, she said: "I find that absolutely unreasonable to keep speculating on it and say that this is the concern of the farmer." Addressing a press conference, the minister said: "MSP is there, it was there and it shall continue to be there." Under "certain other governments" the focus was o...
India

At Pacific Nations’ Meet, India Talks Of Sovereignty, Dispute Resolution

S Jaishankar said India remains committed to "upholding the rules-based international order"New Delhi: Foreign minister S Jaishankar today underscored India's commitment to "rules-based international order, territorial integrity, sovereignty and peaceful resolution of disputes" at the meeting of Quad -- four major Indo-Pacific democracies of India, the US, Japan and Australia. In the backdrop of the border dispute with China and the southeast Asian giant's aggressive military behaviour in the Indo-Pacific and the South China Sea, the four nations re-affirmed the importance of maintaining a free, open and inclusive Indo-Pacific.India, the minister said, remains committed to "upholding the rules-based international order, underpinned by the rule of law, transparency, freedom of navigation...