All you need to know about banking frauds
For the record, Rs 71,500 crore worth of frauds involving 6,801 cases were detected in financial year 2019 — little more than what the government of India wants to spend on the merger of Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd as well as the latest recapitalisation package for public sector banks (PSBs). Incidentally, at least 92 per cent of these frauds in value involved the PSBs that have around 55 per cent share in the volume of such frauds.
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November 18, 2019
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Consumer spending falls for the first time in more than 4 decades: Survey
The survey — Key Indicators: Household Consumer Expenditure in India — shows the average amount of money spent by a person in a month fell by 3.7 per cent to Rs 1,446 in 2017-18 from Rs 1,501 in 2011-12. The figures for monthly per capita consumption expenditure (MPCE) are in real terms, meaning these have been adjusted for inflation, keeping 2009-10 as ...
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November 15, 2019
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Why is gold losing shine in India?
In 2010, India’s gold demand for jewellery and investment was 1,001 tonnes. China’s was 676 tonnes. By 2018, China was consuming 1,058 tonnes whereas India’s demand had dropped to 760 tonnes (and is likely to fall further in 2019), according to World Gold Council data.
This dramatic reversal in the gold economies of Asia’s two largest countries isn’t restricted to demand patterns.
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November 14, 2019
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Why Vodafone's future in India is in doubt after AGR ruling
Vodafone said its future in India could be in doubt unless the government stopped hitting operators with higher taxes and charges, after a court judgment over license fees resulted in a 1.9 billion euro group loss in its first half
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November 13, 2019
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Instagram without 'likes'? Platform does that for some users in US
Facebook Inc.’s Instagram plans to remove the number of “likes” visible on posts for some users in the U.S. to decrease competitive pressure among people on the photo-sharing service.
Instagram has been hiding like counts in some markets since April, beginning in Canada, and later expanding to Japan and Brazil. The U.S. is one of Instagram’s largest markets with more than 106 million users, according to data analyst EMarketer.
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November 10, 2019
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Cyclone 'Bulbul' plays havoc in Bangladesh; West Bengal also hit
A strong cyclone made landfall early Sunday in Bangladesh, where hundreds of thousands of people have moved to shelters across the low-lying delta nation's vast coastal region.
Up to 1.8 million were expected to be evacuated by Saturday evening ahead of Cyclone Bulbul, said Enamur Rahman, Bangladesh's junior disaster management minister.
More than 5,000 shelters had been prepared by Saturday morning.
The cyclone was packing winds of up to 120 kilometers (75 miles) per hour and gusts of up to 130 kph (80 mph), but was forecast to weaken after crossing the coast.
The storm is also impacted parts of India. One death each has been reported from Bengal and Odisha due to heavy rain triggered by the very severe cyclonic storm Bulbul.
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November 10, 2019
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Ayodhya: The story so far
SC orders the disputed land to be handed over to a trust to build the Hindu temple. It also ordered the government to give alternate 5 acre land to Sunni Waqf Board to build a mosque.
Let's take a look at the timeline of events as they unfolded in the case over the decades leading up to today.
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November 09, 2019
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Samsung Galaxy Fold: Unboxing, hands-on and key features
The Samsung Galaxy Fold is a one-of-its-kind device, with a bendable screen and a price tag of Rs 1,64,999. India’s first foldable device, the Galaxy Fold is a new breed of smartphones under Samsung’s new product category of foldable devices. It has a 4.6-inch super AMOLED display on the front, and a secondary 7.3-inch dynamic AMOLED foldable display, which bends inwards. The device comes with 12 GB of RAM and 512 GB of internal storage. It is powered by Android Pie-based OneUI operating system, integrated with app continuity and three windows multitasking feature.
#Samsung #GalaxyFold #SamsungGalaxyFold
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November 08, 2019
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Demonetisation, 3 years later
On November 8, 2016, Prime Minister Narendra Modi announced to the nation that Rs 500 and Rs 1,000 currency notes — 86 per cent of all currency notes in circulation in value — would cease to be legal tender. The stated objectives were unearthing black money, cracking down on counterfeit currency, and choking terror financing.
Unsurprisingly, there were strong reactions both in favour of and against the unprecedented move, which would come to be known as ‘demonetisation’ or ‘note ban’. While some hailed it as a courageous step against impropriety that was hurting the economy, others saw the move itself as disastrous for the economy.
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November 08, 2019
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Why life insurance is a must for stay-at-home housewives, too
Many believe there’s no need to buy life insurance for the stay-at-home group. With no income, there won’t be any financial loss on their death. But there is certainly merit in getting life-insurance for the non-working spouse. Theirs is certainly an economic value to the non-working spouse
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November 05, 2019
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Saudi Arabia finally kicks off the world’s biggest IPO
More than three years after Crown Prince Mohammed bin Salman first raised the idea -- and just three weeks after a plan to launch the share sale was abruptly shelved -- the Capital Market Authority approved Aramco’s offering, according to a statement. The shares are likely to start trading in December.
The approval shall be valid for six months, and the company’s prospectus will be published prior to the start of the subscription period, according to the statement.
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November 04, 2019
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Climate change: Sea levels are rising and these places may perish
India's financial capital Mumbai, one of the largest and most densely populated cities in the world, is at risk of being submerged by 2050, according to a study that gives new estimates on the impact of rising sea levels.
India and other Asian countries, including Bangladesh and Indonesia, may see a five to tenfold increase in the population living below the projected high tide line by the end of the century, added the study published in the journal Nature Communications.
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November 04, 2019
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Eight of top-10 most valued firms add Rs 1.34 trillion in m-cap
Eight of the 10 most valued Indian firms together added over Rs 1.34 trillion to their market capitalisation last week, with TCS emerging as the biggest gainer. Watch the video to know more
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November 03, 2019
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National Health Profile 2019: A snapshot of India's health
Life expectancy in India has increased from 49.7 years in 1970-75 to 68.7 years in 2012-16, as per the National Health Profile 2019 released on Wednesday. For the same period, the life expectancy for females is 70.2 years and 67.4 years for males. Watch the video to know about the findings in the report
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October 31, 2019
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Delhi air quality post-Diwali: Better than last 3 yrs, but still very poor
Delhi had anticipated the season's worst pollution levels on the morning after Diwali, but the air quality, although "very poor", turned out better than the last three years, according to data of the government's air quality monitors.
The Ministry of Earth Sciences' air quality monitoring service, SAFAR, had earlier predicted that the city's overall air quality index (AQI) would enter the "severe" category between 1 am and 6 am on Monday, primarily due to firecracker emissions, unfavourable weather and a significant spike in stubble burning.
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October 28, 2019
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Top 10 stocks to buy in Muhurat trading for Samvat 2076
From Avenue Supermarts to Bajaj Auto, here are the 10 stocks you need to buy in Muhurat trading for Samvat 2076
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October 25, 2019
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Award shows that turned gender-agnostic
The National Television Awards (NTAs) first introduced gender neutral awards in 2008.
Watch the video to know who else did away with separate male and female awards
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October 25, 2019
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#MotoG8Plus unboxing, specifications and first impressions
In this episode of BS Tech, we will unbox and take a first look at the #MotoG8Plus. Though a Moto G-series smartphone, it gets its cameras from #Motorola One-series smartphones, with minor changes. The phone also has Dolby-tuned dual stereo speakers, which is something that most other phones in this segment lack. Likewise, there are things that make the G8 Plus an interesting product in the midrange segment, and we will take a look at them right after unboxing the phone.
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October 24, 2019
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India rose to 63rd in the World Bank’s 2020 report from 77th in the previous one
The country is one of the top 10 performers on the list for a third straight time. Govt's flagship 'Make in India' scheme and other reforms seen attracting foreign investment
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October 23, 2019
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Why is gold among the few assets sustaining investors’ portfolios?
At a time when both equities and real estate are languishing, the yellow metal is among the few assets holding up investors’ portfolios. Gold, currently trading at Rs 38,177 per 10 gram, has given investors a return of 20.3 per cent over the past year
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October 22, 2019
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