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Union Cabinet clears Triple Talaq Bill

Union Cabinet clears Triple Talaq Bill

The Union Cabinet on Friday cleared the Triple Talaq Bill which makes giving instant talaq a punishable offence. The bill, which gives women right to seek maintenance in case of Triple Talaq, is likely to be tabled in Parliament during Winter session, that began today.

The draft law provides for three years in prison and a fine for a Muslim man trying to divorce his wife by uttering “talaq” three times.

CIL revenue from e-auction may surge 23% in April - December

CIL revenue from e-auction may surge 23% in April - December

KOLKATA: State-run Coal India is expected to report a 23% year-onyear jump in revenue from e-auctions for the April-December period, boosted by better margins as China's rising demand and lower supply from Indonesia tightened global supply.

Company executives have pegged the nine-month revenue from eauctions at Rs 12,000 crore, saying it will help Coal India meet higher costs, particularly the Rs 5,600 crore extra outgo on account of a 20% hike in workers' salaries.

GMR-Megawide lowest bidder for $250-million airport project in Philippines

GMR-Megawide lowest bidder for $250-million airport project in Philippines

HYDERABAD: The GMR Group today said it along with its partner Philippines-based Megawide Construction Corporation emerged as the lowest bidder for the USD 250 million Clark International Airport project in the southeast Asian nation.

Clark airport is being developed by Government of Philippines through a hybrid model with EPC and O&M tenders being issued separately.

India's official entry, 'Newton', is out of Oscar race

India's official entry, 'Newton', is out of Oscar race

LOS ANGELES: India's official entry for the Best Foreign Language Film at the Oscars 2018, "Newton", is out of the race for the honour.

The Academy of Motion Picture Arts and Sciences on Thursday announced that nine features will advance to the next round of voting in the Foreign Language Film category for the 90th Academy Awards, according to the official website of the Oscars.

Mahindra & Mahindra hits fresh 52-week high

Mahindra & Mahindra hits fresh 52-week high

Mahindra & Mahindra (M&M) hit a fresh 52-week high of Rs 1,480, up 3.3% on the BSE in noon deal trade, after the company announced that it plans to increase prices of its passenger and commercial vehicles by up to 3% with effect from January 1, 2018. The stock was the top gainer among the S&P BSE Sensex at 12:16 PM.

“We have been holding back on price hikes and absorbing the higher input costs for a while, but with the increase in commodity prices we will have to take a price increase,” Rajan Wadhera, President - Automotive Sector, M&M said on the price hike.

Microsoft India to nurture unicorn firms, start-up community in 2018

Microsoft India to nurture unicorn firms, start-up community in 2018

Armed with Intelligent Cloud and Edge capabilities, Microsoft will give a renewed thrust to nurturing unicorn firms and the start-up community in India next year, Anant Maheshwari, the companys India President, said here on Thursday.

"For us, the growth verticals will clearly be banking and finance, manufacturing and IT/ITeS sectors. But the next goal we have added to our focus areas for 2018 is to empower unicorn companies and the start-up community," Maheshwari told IANS.

FSSAI orders food safety audit of IIT, IIM, AIIMS canteens after complaints

FSSAI orders food safety audit of IIT, IIM, AIIMS canteens after complaints

Food regulator FSSAI has ordered safety audits of canteens at 10 large educational institutes, including IITs, IIMs and AIIMS, in light of complaints with regard to food safety and hygiene standards.

The Food Safety and Standards Authority of India (FSSAI) said the audit will be done by empanelled 15 agencies, which will be given one month to submit their report.

HDFC Bank hits new high on fund raising plans

HDFC Bank hits new high on fund raising plans

HDFC Bank hit a new high of Rs 1,887, up 2.7% on the BSE, after the private sector lender announced that its board will meet on Wednesday, December 20, 2017 to consider a proposal for raising of funds.

The stock surpassed its previous high of Rs 1,876.95 touched on October 24, 2017 in intra-day trade.

Using AI, Nasa discovers another solar system like ours; has 8 planets

Using AI, Nasa discovers another solar system like ours; has 8 planets

A solar system with as many planets as our own has been discovered with the help of NASA's Kepler space telescope and artificial intelligence, the US space agency said.

"Our solar system now is tied for most number of planets around a single star," NASA said in a statement yesterday.

HDFC Bank’s immunity to bad loans is at stake in divergence drama

HDFC Bank’s immunity to bad loans is at stake in divergence drama

Divergence is a dirty word for investors who have put money into banks and indeed, lenders have been punished in the past ever since the Reserve Bank of India (RBI) told them to come clean on these differences in deciding which loans are to be classified as bad.

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