Category: General Interest
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Rescue plan for state-run banks
The Indian government issued a statement that said a US$32 billion bailout package for major state-run banks will not happen again. Lenders are expected to find their..
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A fossil fuel ‘report card’
A recent report published by environmental groups has revealed that funding for “extreme” fossil fuels increased by 11% in 2017. This increase took place largely in US..
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Fake news busted
Co-owner and editor of the popular right-wing news website Postcard News, Mahesh Hegde, has been arrested for posting a fake news story that could incite..
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Crisis in ICICI?
ICICI Bank is currently embroiled in controversy due to a Rs 3250 crore loan to Videocon Group. It has been alleged that ICICI CEO and Managing Director Chanda..
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Air India to be privatized
The Government of India has begun “strategic disinvestment” in the country’s state-run carrier Air India Limited. According to reports, the Government will sell 76%..
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GSK buys out Novartis for US$13 billion
GlaxoSmithKline is buying Novartis out of their consumer healthcare joint venture for US$13 billion, taking full control of products. GlaxoSmithKline plc (GSK) is a British..
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Malala’s triumphant return
For the first time since being shot, Nobel Prize winner Malala Yousafzai has made a tearful return to Pakistan. She was shot in the head by the Taliban in 2012. Born in 1997..
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Apple and TRAI dispute widens
India’s telecom regulator and Apple Inc are at a crossroads over the development of a government anti-spam mobile application. The application’s user privacy has..
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The battle for Essar Steel
Due to the new bankruptcy laws in India, the battle for Essar Steel is now being conducted in the courtroom. The first round bids from both ArcelorMittal..
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Uber loses Southeast Asia
Uber has confirmed that it will be selling its Southeast Asian operations to ride-sharing app Grab. With this deal, Grab will acquire all of Uber’s operations in a region..