December 2019

Nirmala Sitharaman

Nirmala Sitharaman

Nirmala Sitharaman unveils ₹102 lakh crore national infrastructure plan NEW DELHI : Finance Minister Nirmala Sitharaman today unveiled a ₹102 lakh crore national infrastructure pipeline, in accordance with the Narendra Modi government’s vision to make India a $5 trillion economy by 2024-25. The finance ministry had set up a task force headed by Economic Affairs Secretary to prepare a road map for the “national infrastructure pipeline” from 2019-20 to 2024-25 under the ₹100 lakh crore infra plan. Source: Live Mint

Sonny Mehta

Sonny Mehta

Sonny Mehta, Venerable Knopf Publisher, Is Dead at 77 Sonny Mehta, the literary savant who guided the reading hours of millions and the fortunes of the venerable publisher Alfred A. Knopf for 32 years at a time of changing tastes, aggressive merchandising and demands for profits, died on Monday at his home in Manhattan. He was 77. The cause was complications of pneumonia, a Knopf spokesman said. In an age of blockbuster best sellers and cutthroat competition in a shrinking industry, Mr. Mehta was an almost ideal editor and publishing executive: a voracious reader and instinctive decision maker who could...

Carlos Ghosn

Carlos Ghosn

Carlos Ghosn with the wind: Ex-Nissan boss escapes Japan without passport, reaches Lebanon Name is Ghosn, Carlos Ghosn. That is pronounced somewhat like gone in the Gone With The Wind. But why are we talking of these allusions to Hollywood? This is because Carlos Ghosn, who was boss at auto giant Nissan until 2018, has pulled off a stunt straight from a Hollywood film. Ghosn, confined to Japan with his passports — all three of them — seized by Japanese authorities, has managed to give them a slip and reached Lebanon. No one is sure how Ghosn has managed to...

Uday Kotak

Uday Kotak

IL&FS ‘test case’ for group resolution: Uday Kotak NEW DELHI : IL&FS Group Chairman Uday Kotak at the new board’s first Annual General Meeting (AGM) on Tuesday said the ongoing resolution process of the debt-ridden group is a “test case” for group-wide resolution of stressed assets in the country. Addressing the 32nd AGM of the group, Kotak said the absence of requisite legal framework for group resolution under Insolvency and Bankruptcy Code (IBC) required the new board to propose the ‘first-of-its-kind” resolution framework that balanced interest of stakeholders across classes and levels, while keeping broad principles of corporate finance in mind....

Mukesh Ambani

Mukesh Ambani

Reliance announces Jiomart to take on the online grocery shopping business Well, the website of JioMart with the tagline “India ki nayi dukaan” is a a new grocery shopping experience from Reliance Industries Limited, the country’s most valued firm. This in turn is expected to take on online grocery specialists- Bigbasket and Grofers, as well as global e-commerce giants Amazon and Walmart. The JioMart app can be soon soon downloaded on apple and android platforms. Currently web services of JioMart are available in the outskirts of Mumbai, in suburbs such as Navi Mumbai, Thane and Kalyan. And this will be scaled up nationally soon. Source: Business Standard

Maria Sharapova

Maria Sharapova

Sharapova to return next month as Brisbane wildcard Former world number one Maria Sharapova will return to tournament action at the Brisbane International next month after being awarded a wildcard to play in the Australian Open warm-up. The five-times Grand Slam champion, who last played a competitive match in the first round of the U.S. Open in August, has dropped to 133rd in the world after a season in which injuries restricted her to eight tournaments. The 32-year-old Russian will join current world number one Ash Barty, Naomi Osaka and Karolina Pliskova in a strong field at the Queensland Tennis...

Lionel Messi

Lionel Messi

Lionel Messi wants Neymar to come take his place at Barcelona: Report Lionel Messi has told Neymar that he is ready to quit FC Barcelona and make way for him, if needed, as the Catalan giants are looking to the Brazilian star as a replacement for the Argentine striker, according to reports. According to France Football as quoted by The Sun, Messi sent a WhatsApp to his former teammate and Paris Saint Germain striker that read: “Only together can we win the Champions League. “I want you to come back. In two years, I’m leaving, and you’ll be alone, you’ll...

Humpy Koneru

Humpy Koneru

Indian Grandmaster Koneru Humpy wins World Women’s Rapid Chess Championship in Moscow Indian Grandmaster Koneru Humpy claimed the World Women’s Rapid Chess Championship title after drawing the Armageddon game against China’s Lei Tingjie in Moscow on Saturday. Rapid Chess Championship is a tournament played under rapid time controls. Each player is given less time to consider their moves when compared to normal tournaments. Armageddon chess is a particular variation in which different rules apply for each of the two players. The tournament was held by FIDE, the international organisation that connects the various national chess federations globally. Source: The News Minute

Elon Musk

Elon Musk

Elon Musk proposes quake-proof, multi-level tunnels to kill global traffic New Delhi: Tesla CEO Elon Musk on Sunday made a strong pitch on Twitter for the need of multi-level tunnel system to tackle the growing traffic woes globally. Musk started with a Twitter poll where he received 66 per cent support from his followers for the idea of building earthquake-proof tunnels. “We should build more tunnels. Put trains in them or cars or whatever, but every large city on Earth is plagued by traffic & it’s getting worse,” Musk posted. “Multi-level tunnels might solve this, so worth trying… Build super safe,...

Ivanka Trump

Ivanka Trump

Ivanka Trump indicates she might leave White House if father is re-elected in 2020 Washington DC: Ivanka Trump, the daughter and advisor to US President Donald Trump, has indicated that she could exit the White House if her father is re-elected in the 2020 presidential election. In a CBS interview, Ivanka said that she is “driven first and foremost by my kids and their happiness” when asked if she would continue to serve in the administration if her father wins again in the forthcoming presidential polls. Source: Zee News