Day: December 19, 2018

SoftBank mobile unit in record IPO but flops on market debut

Japanese technology giant SoftBank raised a record amount for its mobile unit in the world’s second-biggest ever IPO but the shares plunged in a disappointing debut trading session on Wednesday. A spokesman for the firm confirmed it had raised around 2.65 trillion yen ($23.5 billion) via the unit’s […]

Elon Musk bores tunnel to revolutionize city driving

Elon Musk on Tuesday took a break from futuristic electric cars and private space travel to unveil a low-cost tunnel he sees as a godsend for city traffic. The billionaire behind Tesla and SpaceX late Tuesday put the spotlight on the a 1.14 mile (1.8 kilometer) tunnel created […]

Yemeni mom wins travel ban waiver to see dying son in US

A Yemeni mother on Tuesday won her fight for a waiver from the Trump administration’s travel ban that would allow her to go to California to see her dying 2-year-old son. Shaima Swileh planned to fly to San Francisco on Wednesday after the U.S. State Department granted her […]

Children as young as 10 fight, kill and die in Yemen’s war

MARIB, Yemen  — The number etched on the bracelet around Mohammed’s wrist gave the 13-year-old soldier comfort as missiles fired from enemy warplanes shook the earth beneath him. For two years Mohammed fought with Yemen’s Houthi rebels against a military coalition led by Saudi Arabia and backed by […]

Law to check scams in Banks

open view web desk The Government has initiated formulation of laws to secure prudential banking and help effect a culture of credit discipline, including, inter alia, in terms of the following:- Insolvency and Bankruptcy Code, 2016 (IBC) has been enacted to create a unified framework for resolving insolvency and […]

Development of new return filing system by GSTN

open view web desk GSTN will focus on the development of new return filing, further improving the user interface, and Business Intelligence and Analytics. While the new return is yet to be notified, GSTN has started development of the components in which major changes are not expected. Improvement […]

Stocks mixed in Asia on Fed rate decision, Japanese data

SINGAPORE  — Asian stocks were mixed on Wednesday as traders mulled over the Federal Reserve’s interest rate decision and weaker-than-expected Japanese trade data. KEEPING SCORE: Japan’s Nikkei 225 index fell 0.6 percent to 20,987.92 while South Korea’s Kospi rose 0.8 percent to 2,078.66. Hong Kong’s Hang Seng was […]

Surplus amount of RBI transferred to Government

open view web desk The details of RBI’s Currency and Gold Revaluation Account (CGRA) and Contingency Fund for the last five years are as follows:   Currency and Gold   Year (as on Revaluation Account Contingency Fund June 30th) (in ₹ billion) (in ₹ billion)       […]

Romania maternity hospital hit by superbug to reopen

BUCHAREST, Romania — Romania’s health minister says a maternity hospital in the capital where 45 babies were diagnosed with a drug-resistant superbug has been given the all-clear to reopen. Sorina Pintea said Tuesday that the Giulesti Maternity Hospital, closed on Nov. 30 after newborns were diagnosed with antibiotic-resistant […]

‘Twas the Night before Christmas’ is theme of Pence holiday

WASHINGTON  — Christmas at Vice President Mike Pence’s official residence literally jumps out of the pages of “Twas the Night Before Christmas.” Every room on the main floor of the Naval Observatory represents a verse from the poem by Clement Clarke Moore, officially titled “A Visit from St. […]

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