Daily Archive: Tuesday, January 24, 2017

24 Jan 2017

IRDAI gives approval to Swiss Re to open a branch in Mumbai

Wholesale reinsurance provider Swiss Re today said it has received approval from the Insurance Regulatory and Development Authority of India (IRDAI) to open a branch in the city. With the composite branch licence, Swiss Re will be
24 Jan 2017

Scientists spot sunspot with centre twice the size of Earth

Scientists have spotted a new view of the dark, contorted centre of a sunspot that is nearly twice the diameter of the Earth. It was spotted using Atacama Large Millimetre/submillimetre Array (ALMA) antennas located in Atacama Desert
24 Jan 2017

Browned toast and potatoes are ‘potential cancer risk : Scientists

According to scientists from Food Standards Agency (FSA) of United Kingdom, chips, potatoes and bread cooked to brown can cause cancer. According to FSA when the starchy foods are roasted, grilled or fried for too long at
24 Jan 2017

Vodafone to invest Rs 3,000 cr in West Bengal in next 3 years

The country’s second largest mobile operator Vodafone plans to invest Rs 3,000 crore over the next three years in capacity augmentation and new business initiatives in West Bengal. The Memorandum of Understanding to this effect was signed
24 Jan 2017

N K Singh panel submits report on changes in FRBM Act

The Fiscal Responsibility and Budget Management (FRBM) Committee has submitted its 4 volume report on changes in FRBM Act, 2013 to the Union Finance Minister Arun Jaitley. The 5 member committee was headed by N.K. Singh, former
24 Jan 2017

Indian-origin Mauritius Prime Minister Anerood Jugnauth resigns

Indian-origin Prime Minister (PM) of Mauritius Anerood Jugnauth resigned from his position on 23 January 2017. Anerood officially handed his resignation to Mauritius President Ameenah Gurib Fakim. He has been serving in his post since 2014. He
24 Jan 2017

New Universal Rail Mill Worth Rs. 1200 crore Inaugurated in Bhilai Steel Plant

Steel minister, Birender Singh inaugurated a new Rs 1200-crore Universal Rail Mill at Steel Authority of India’s (SAIL) Bhilai Steel Plant on Monday and flagged off the first rake from the new mill. With this, SAIL has
24 Jan 2017

India rejects attempts of EU, Canada for global investment agreement

India, along with Brazil, Argentina and some other nations rejected an informal attempt of European Union (EU) and Canada to work towards a global investment agreement at World Trade Organisation (WTO)-level. The EU and Canada proposed agreement
24 Jan 2017

Union Cabinet approved short term market borrowing by NABARD

National Bank for Agriculture and Rural Development (NABARD) is allowed to make short term borrowings at the prevailing market rate of interest for about Rs 20,000 crore. The money raised will be utilized to lend to cooperative
24 Jan 2017

Uber soon going to launch Food Delivery App UberEATS In India

Uber is soon going to launch its on-demand food delivery app UberEATS in India. “I am incredibly excited about bringing UberEATS to India. This is a significant investment, it spans multiple cities and regions, and it has
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