Sembcorp Industries is reporting its financial results on Friday. Singapore: Singapore-based Sembcorp Industries said on Monday it would reorganize its India energy operations into a single entity, citing a more streamlined shareholding structure and greater synergy. The industrial conglomerate said its thermal and renewable energy businesses would be consolidated under Sembcorp Energy India Ltd, in which it would hold an effective stake of 93.7%. Sembcorp Industries has a 4,000 MW renewable and thermal energy portfolio in India. Last month, Mint reported, that Sembcorp Industries was gearing up for an initial public offering of its Indian energy assets.

February 19, 2018 04:30 UTC

Even as SGX is looking to launch similar products, it will need to find a new source for data feed as Indian exchanges will no longer allow data provided to third-party vendors for trading on overseas exchanges. Photo: BloombergMumbai: Singapore Stock Exchange on Monday said that before its contract with National Stock Exchange of India Ltd (NSE) expires in August 2018, it will launch products that will succeed the Nifty family of products. Even as SGX is looking to launch similar products, it will need to find a new source for data feed as Indian exchanges will no longer allow data provided to third-party vendors for trading on overseas exchanges. “SGX believes that such a link will increase participation in GIFT and on SGX,” said SGX in the statement. While SGX is looking at a GIFT venture there are inherent liquidity issues, regulatory gaps that will impact the launch of the SGX offering at GIFT.

February 19, 2018 04:18 UTC

Damage caused by the fire at Jokhang temple in Lhasa, one of the most holiest and ancient sites in Tibet Autonomous Region (TAR), could be more widespread than official reports acknowledge, activists said on Monday. Fire broke out at the temple on Saturday, the second day of the Tibetan New Year, also known as Losar. “A fire broke out at Jokhang Temple in Lhasa, southwest China’s Tibet Autonomous Region, on Saturday. “There are fears that the damage may be more widespread than the authorities acknowledge,” the International Campaign for Tibet (ICT) said in a statement. Prominent Tibetan writer Tsering Woeser told AFP she was “very worried” about the state of the monastery.

February 19, 2018 04:10 UTC

Turkey has never used any kind of chemical weapons," Turkish Foreign Minister Mevlut Cavusoglu told reporters at the Munich Security Conference. Syrian Kurdish forces and a monitoring group said the Turkish military carried out a suspected gas attack that wounded six people in Syria's Afrin region on Friday. "We judge it is extremely unlikely that Turkish forces used chemical weapons," a spokesman for the US National Security Council said. Birusk Hasaka, a spokesman for the Kurdish YPG militia in Afrin, told Reuters that a Turkish bombardment hit a village in the northwest of the region, near the Turkish border. The Syrian Observatory for Human Rights told Reuters that Turkish forces and their Syrian insurgent allies hit the village on Friday with shells.

February 19, 2018 04:09 UTC

Prime Minister Narendra Modi on Sunday said artificial intelligence should be used for improving humans, instead of making them redundant. “Can we take a global leap on creating artificial intelligence that’s less about making humans redundant and more about increasing human ability and expanding human capacity? Can we make the future less about machines displacing humans to a future about humans becoming better humans by converting their weaknesses into strengths for the greater good of mankind?” he said. PM meets Wadhwani family Despite his busy schedule, the Prime Minister took time to meet members of the Wadhwani family, who were present at the inauguration ceremony of Wadhwani Institute for Artificial Intelligence. “With the arrival of artificial intelligence, bots and robots’ productivity will further go up, but there are also fears of rising human redundancy because there’s a competition between mind and the machine.

February 19, 2018 04:07 UTC





Commuters may have to pay Rs250 for one-way journey from Thane to Bandra-Kurla Complex (BKC) on board the bullet train, which will be covered in 10 minutes, according to the tentative fare structure of the bullet train prepared by the National High Speed Rail Corporation Limited (NHSRCL) in Maharashtra. The tentative fare structure along with a prototype of the bullet train has been displayed at a kiosk at Magnetic Maharashtra conclave inaugurated by the Prime Minister Narendra Modi on Sunday. It also states the tentative travel time which will be taken to reach the destination in Maharashtra. “The fare of the bullet train has been made as per the current pricing and is prepared for Maharashtra,” said Dhananjay Kumar, public relation officer, NHSRCL. The 508-km bullet train project between Mumbai and Ahmedabad will have 12 stations including BKC, Thane, Virar, Boisar, Vapi, Bilimora, Surat, Bharuch, Vadodara, Anand, Ahmedabad and Sabarmati.

February 19, 2018 04:07 UTC

Instead of going to classes, she urged her fellow students to stage protests on the 19th anniversary of an earlier mass shooting at Columbine High School in Colorado. Students from the Florida high school are planning a “March for Our Lives” in Washington on March 24 to call attention to school safety and ask lawmakers to enact gun control. They also plan to rally for gun control, mental health issues and school safety on Wednesday in Tallahassee, the state capital. Listening SessionThe White House said Trump planned to host “a listening session” with high school students and teachers on Wednesday, but did not specify which students or school would be involved. School officials in Broward County said on Sunday they were aiming to have staff return to the high school campus by the end of the week.

February 19, 2018 04:07 UTC

Market Live: Sensex dives 400 points, Nifty near 10300, Nifty PSU Bank falls 6%BSE Sensex trades lower by 400 points, while the Nifty 50 trades near 10,300. Here are the latest updates

February 19, 2018 04:04 UTC

A court in the Iraqi capital sentenced to death a Turkish woman and 11 other foreign widows to life in jail for belonging to the Islamic State group on Monday. The 12 women, 11 Turks and an Azeri, some of whom appeared in the dock nursing infants, were convicted despite their pleas that they had been duped or forced by their husbands to join them in Iraq. The women, aged between 20 and 50, were all arrested in Mosul or Tal Afar where their husbands were killed as Iraqi forces recaptured the northern cities from IS last year. “I got to know my husband through the internet. He proposed we meet in Turkey but an intermediary there told me he would drive me to my future husband without saying where,” said Angie Omrane, the Azeri woman.

February 19, 2018 03:56 UTC

The tribunal rejected Era Infra’s objection that since several company petitions had been filed before the Delhi high court with a prayer for winding up the corporate debtor and were pending, no insolvency proceedings could proceed before the tribunal. Photo: iStockphotoNew Delhi: The National Company Law Tribunal on Friday decided to move ahead with insolvency proceedings against Era Infra Engineering Ltd initiated by Union Bank of India for recovery of Rs681.04 crore, along with an overdue external commercial borrowing of $11.97 million, as on 31 May 2017. “Let all the petitions be listed for hearing before the Principle Bench..”, the 30-page NCLT order signed by President M.M Kumar and members R. Varadharajan and Deepa Krishnan reads. The tribunal rejected Era Infra’s objection that since several company petitions had been filed before the Delhi high court with a prayer for winding up the corporate debtor and were pending, no insolvency proceedings could proceed before the tribunal. However, no official liquidator was appointed in pursuance of the said company petitions by the high court.

February 19, 2018 03:45 UTC

Have you wondered how people would react if scientists ever detect alien life in the universe? In a pilot study, scientists at the Arizona State University, analysed various media reports of “alien announcements”, including the appearance of the “alien” interstellar asteroid Oumuamua, that suggest the potential for alien life in our solar system. “If we came face to face with life outside of Earth, we would actually be pretty upbeat about it,” said assistant professor Michael Varnum. The positive effect was stronger in response to reading about extraterrestrial life than human made synthetic life. The studies suggest that “if we find out we’re not alone, we’ll take the news rather well”, Varnum said.

February 19, 2018 03:45 UTC

BSE’s 30-share Sensex touched a record high of 36,443.98 on 29 January 2018, and is down 6.68% ever since as turmoil in global equity markets wreaked havoc. Photo: MintMumbai: Mutual funds locked in gains in financial stocks the most among the top stocks in January, taking advantage of the run-up in the pack and record high levels in the overall market. BSE’s 30-share Sensex touched a record high of 36,443.98 on 29 January 2018, and is down 6.68% ever since as turmoil in global equity markets wreaked havoc. Five of top 10 most sold large-cap stocks were financials and they accounted for more than 62% of the value of stocks sold, data from mutual fund analytics firm Value Research India Pvt. Among the most bought large-cap stocks, telecommunications provider Bharti Airtel Ltd was at the top as mutual funds bought Rs1,392.25 of its shares last month.

February 19, 2018 03:45 UTC

Trade is likely to be volatile as monthly derivatives contracts expire on Thursday. Photo: MintMumbai: Indian markets are likely to take cues from global markets in the week ahead, and investors will also closely watch the developments on the Rs11,400 crore fraud at state-run Punjab National Bank. With December quarter earnings season out of the way, the PNB saga is likely to take centrestage on the domestic front. So far, State Bank of India, UCO Bank, Allahabad Bank and Union Bank of India have disclosed their exposure to the PNB fraud. It remains to be seen if foreign institutional investors (FIIs), who had taken a back seat in February, return to riskier bets.

February 19, 2018 03:33 UTC

South Africa has widened a corruption probe into allies of ex-president Jacob Zuma to other countries including India, China and Dubai, the police minister said Monday. Fikile Mbalula made the announcement days after South Africa issued an arrest warrant for one of the brothers of the Gupta business family, close associates of scandal-plagued Zuma who was forced from power on Wednesday. Mbalula told public broadcaster SABC that Ajay Gupta and another four people who are being sought in connection with the case were all out of the country. He refused to name the suspects except for Ajay Gupta who police last week declared a fugitive. Eight other suspects were arrested last week and have appeared in court.

February 19, 2018 03:33 UTC

Instead of going to classes, she urged her fellow students to stage protests on the 19th anniversary of an earlier mass shooting at Columbine High School in Colorado. Students from the Florida high school are planning a "March for Our Lives" in Washington on March 24 to call attention to school safety and ask lawmakers to enact gun control. Students from the Florida school have lashed out at political leaders, including Republican President Donald Trump, for inaction on the issue. 'LISTENING SESSION'The White House said Trump planned to host "a listening session" with high school students and teachers on Wednesday, but did not specify which students or school would be involved. School officials in Broward County said on Sunday they were aiming to have staff return to the high school campus by the end of the week.

February 19, 2018 03:22 UTC