Miscellany

Miscellany

Trump accuses FB, Twitter, Google of Democrat bias

US president Donald Trump took a swipe at tech giants Facebook, Twitter and Google, accusing them of being biased in favour of opposition Democrats. "Facebook, Twitter and Google are so biased toward the Dems it is ridiculous!" Trump tweeted. "Twitter, in fact, has made it much more difficult for people to join @realDonaldTrump.

IL&FS puts entire road assets on the block

The troubled infra lender IL&FS Monday put its entire domestic road assets on the block as it seeks to raise resources to repay the debt. The group, which was taken over by the government on October 1 following a string of defaults, will be selling its equity interests in all the road sector assets, an official statement said, adding the same is being done as part of the two reports on progress and way forward submitted by the government-constituted board led by Uday Kotak.

India sees 16% jump in foreign tourist arrivals for medical care

There has been a 16 per cent growth in foreign tourist arrivals for medical treatments in 2017, the ministry of tourism informed the Parliament on Monday. Replying to a query in Lok Sabha, tourism minister KJ Alphons said foreign tourist arrivals in India on medical visa during 2016 and 2017 were estimated at 4,27,014 and 4,95,056, respectively, registering a positive growth of 15.9 per cent.

Israeli firm introduces digital irrigation solution in India

Israeli irrigation firm Netafim, global pioneer of drip-irrigation system, has introduced ‘NetBeat,’ a technology solution to help Indian farmers grow more food with fewer resources.

In a country where water table is depleting rapidly and becoming scarce, it combines real-time data from the field with dynamic crop models to personalise irrigation programmes.

NASA may provide Terahertz devices for Shukrayaan-1

The National Aeronautics and Space Administration (NASA) may provide Indian Space Research Organisation (ISRO) with Terahertz devices for its Shukrayaan-1, the proposed orbiter to Venus, a senior NASA scientist indicated in Kolkata.

Samsung to shut mobile phone plant in China’s Tianjin

Samsung Electronics will cease operations at one of its mobile phone manufacturing plants in China, the company said, as its sales in the world’s biggest smartphone market slumps amid rising competition from lower-cost local rivals.

Jio to create separate fibre, tower companies

Telecom operator Reliance Jio Infocomm on Tuesday said its board has approved schemes to spin off the company's fibre and tower assets to separate entities. “The board of directors of the company, at its meeting held today, accorded its approval to a scheme of arrangement for transfer of its fibre undertaking, on a going concern basis, to a separate company,” Jio said in a regulatory filing on ‘restructuring/ reorganisation proposals.’

Industry watchers concerned about fast MFI growth in eastern region

The micro finance sector in the eastern states of India has recorded fastest growth in the past two years, transforming the region from one with least share of NBFC MFI loans to one with the highest share. While the overall parameters remain superior in the region, the industry has concerns about the fast growth.  

G&J exports to US to grow 10-15% this year

Better GDP growth, employment rate and consumption expenditure in the US is expected to support 10 to 15 per cent growth in gems and jewellery exports to the market this year against a flat growth last year. This might also help India’s overall gems and jewellery exports arrest the declining trend.

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