Profit and revenue in the period ended 30 June exceeded analysts’ estimates, as did Microsoft’s projection for cloud sales in the current quarter. Chief Executive Officer Satya Nadella has been overseeing steady growth in the company’s Azure and Office 365 cloud businesses. Sales climbed 17% to $30.1 billion, Microsoft said Thursday in a statement, higher than predictions for $29.2 billion. Commercial cloud sales rose 53% to $6.9 billion, the company said in slides posted on its website. Still, the latest quarterly jump in Azure revenue decelerated from the 93% growth Microsoft posted in the prior period.
July 20, 2018 15:06 UTC
more-inCargo traffic in the southern districts remained affected as over 11,000 lorries in the southern districts participated in the indefinite strike that commenced on Friday against the unprecedented rise of fuel price and collection of excessive toll on highways across the country. However, milk, gas, fuel and water tankers were operated as usual as they did not participate in the strike. The truckers had called for indefinite strike from Friday against the hike in third party insurance premium, collection of excess toll along all highways and sky-rocketing fuel price. Consequently, over 5,200 lorries participated in the strike in Tirunelveli district, the striking truckers said. In neighbouring Thoothukudi, over 4,500 lorries participated in the strike while over 1,300 lorries were off the road in Kanniyakumari district due to the strike.
July 20, 2018 14:32 UTC
more-inRevenue officials encountered embarrassing moments at the monthly farmers’ grievance redressal meet at the Collectorate here on Friday when agriculturists accused lower level revenue officials of demanding bribe for issuing ‘small and marginal farmer certificates’. While farmers were heaping accusations on revenue officials, Ms. Shilpa said they should come out with evidence to substantiate their charges. So come out with proof to back your charges,” Ms. Shilpa said amidst applause from farmers. If you can prove your charges, I’m prepared to take stringent action against the erring officials,” Ms. Shilpa said. “We will organise special camps at taluk offices to issue the certificates,” Ms. Shilpa announced.
July 20, 2018 14:17 UTC
Maharashtra CM Devendra Fadnavis said this package was ‘a reply to those who were questioning the purpose of holding the Monsoon Session of the legislature in Nagpur’. Photo: MintNagpur: The Bharatiya Janata Party -led Maharashtra government on Friday announced a special package of ₹21,222 crore for the underdeveloped Vidarbha and Marathwada regions of the state. The state’s Finance Minister Sudhir Mungantiwar told the Legislative Assembly that the government would also set up a special facility in Nagpur to monitor the implementation of the package. A “skill university” would be set up at Aurangabad, while hostels would be constructed in all 19 districts of Vidarbha and Marathwada, the finance minister said. Vidarbha and Marathwada are considered less developed compared to more prosperous Western Maharashtra.
July 20, 2018 14:03 UTC
more-inAn online system for expediting the issuance of industrial clearances, Kerala Single Window Interface for Fast and Transparent Clearance (K-SWIFT) will go on stream by September, Industries Minister A.C. Moideen has said. Hence the State government would urge the Centre to consider such features in the ranking process. The State has made a leap in this score by amending the labour laws and also ensuring inter-departmental coordination to make the clearance procedures easy for investors. The government would encourage the import of sand and granite to meet the requirements of the construction sector. The government would accept all investment proposals that were conducive for the State, but would ensure that they were not polluting.
July 20, 2018 14:03 UTC
| Photo Credit: Reutersmore-inRussian President Vladimir Putin and U.S. President Donald Trump discussed the possibility of a referendum in separatist-leaning eastern Ukraine during their Helsinki summit,Russia’s ambassador to the U.S. said on Friday. “This issue [of a referendum] was discussed,” he said, adding that Mr. Putin made “concrete proposals” to Mr. Trump on solutions for the four-year, Russian-backed insurgency in eastern Ukraine, which has killed more than 10,000 people. Mr. Trump tweeted that the two men discussed Ukraine, but has not mentioned a referendum or revealed specifics. Mr. Putin has sought to become a Mr. Trump ally at a time when U.S. ties to Europe are fraying, and both presidents are critical of the EU and NATO. The Kremlin hasn’t responded yet to the proposal Mr. Trump had made on Thursday.
July 20, 2018 13:54 UTC
The agreement will see ADIA and TPG Capital Asia invest $1.2 billion ($600 million each) for a 22% combined shareholding in UPL Corp to facilitate UPL Corp’s $4.2 billion acquisition of Arysta. The agreement will see ADIA and TPG Capital Asia invest $1.2 billion ($600 million each) for a 22% combined shareholding in UPL Corp to facilitate UPL Corp’s $4.2 billion acquisition of Arysta. “Backing the Arysta acquisition through our investment in UPL Corp aligns with our strategy of partnering with best-in-class businesses to support and accelerate their growth plans. UPL Corp is an operating company that leads the international operations of UPL Ltd, a global agrochemical solutions provider listed in India. UPL Corp’s acquisition of Arysta will create a global leader in agriculture solutions with a diversified portfolio across all market segments.
July 20, 2018 13:49 UTC
more-inThe Kerala High Court has held that the State Women's Commission (SWC) does not have the power to consider issues with regard to maintenance of spouses and children. Justice Anu Sivaraman made the ruling while setting aside an order of the commission directing a man from Thiruvanthapuram to pay maintenance to his wife. The court observed that the power of inquiry into unfair practices and initiation of prosecution was prescribed in the Kerala Women’s Commission Act. The power to decide on the payment of maintenance had specifically been provided under the provisions of Section 125 to 127 Criminal Procedure Code (Cr.PC) and the issue required adjudication in appropriate proceedings. Provisions were also incorporated in personal laws as well as Family Courts Act to consider issues with regard to maintenance of spouses and children.
July 20, 2018 13:48 UTC
It doesn’t really have a real competitor other than its predecessor the Xiaomi Mi Max 2, as it is one of the very few ‘phablets’ made in 2018. So let’s find out if the Mi Max 3 is actually an upgrade over the Max 2. The two design major changes this time are an 18:9 aspect ratio screen and a dual camera on the back. This means the screen of Mi Max 3 is taller but of the same width with lesser bezels as compared to the Mi Max 2. The Xiaomi Mi Max 2 costs ₹13,999 for the 32GB variant and ₹15,999 for the 64GB variant.
July 20, 2018 13:30 UTC
Kotak Mahindra Capital and Citigroup are the managers to the TCNS IPO, which is raising ₹338 crore from anchor investors as part of the total offer. Photo: iStockBengaluru: Women’s apparel maker TCNS Clothing Co Pvt Ltd’s initial public offering to raise about ₹1,125 crore ($163.5 million) was oversubscribed on the last day of sale on Friday. Investors bid for 57.1 million shares, or 5.2 times the 10.1 million shares on offer, according to stock exchange data. Kotak Mahindra Capital and Citigroup are the managers to the TCNS IPO, which is raising ₹338 crore from anchor investors as part of the total offer. Mutual fund manager HDFC Asset Management Co Ltd will take subscriptions for its up to ₹2,800 crore IPO next week.
July 20, 2018 13:18 UTC
Five of six satellite data sets show that the warming signal has risen above the natural noise. What they discovered is an uneven pace of seasonal change in the atmosphere above the Northern and Southern Hemispheres’ temperate zones. The satellite data and computer models for seasonal temperature change used by the study agree with each other even more closely than they do when gauging average annual temperature. For every year in the 38-year satellite record, the team captured the monthly temperature lows (troughs) and highs (crests). In the end, five of six satellite data sets show that the warming signal has risen above the natural noise, according to the research.
July 20, 2018 12:56 UTC
US President Donald Trump and his Russian counterpart Vladimir Putin shake hands as they meet in Helsinki, Finland on 16 July. Photo: ReutersNew Delhi: Time magazine on the cover of its latest 30 July issue features a morphed image of the US President Donald Trump and his Russian counterpart Vladimir Putin. The story behind TIME's President Trump and Vladimir Putin 'Summit Crisis' cover https://t.co/erFmMT8bH1 — TIME (@TIME) 20 July 2018Trump received bipartisan criticism from both sides of the political divide in the US, prompting him to backtrack in a prepared statement. He had also made an appearance on the American magazine’s June cover, titled “King me. https://t.co/GbabQP5hXQ pic.twitter.com/EFTEcyasRE — Washington Post (@washingtonpost) 27 June 2017Being on the Time cover is something of a personal obsession for Trump.
July 20, 2018 12:45 UTC
Tata Motors plans to use proceeds from the sale on capital expenditures for its domestic automotive business. Warburg Pincus agreed last year to buy a 43% stake in Tata Technologies for about $360 million. Tata Motors is planning further divestments after selling a stake in Tata Technologies, one of the people said. The carmaker also has holdings in fellow group companies Tata Steel Ltd. and Tata Chemicals Ltd.A representative for Tata Motors said the company has nothing new to share. Tata Technologies provides outsourced design, research and development services to the automotive, aerospace and industrial machinery industries.
July 20, 2018 12:33 UTC
Congress President Rahul Gandhi hugs Prime Minister Narendra Modi after his speech in the Lok Sabha on ‘no-confidence motion’ during the Monsoon Session of Parliament in New Delhi on Friday. Call it scripted drama or impromptu rhetoric, Rahul Gandhi started his speech by lampooning PM Modi over his “jumlas” and “unkept promises” but ended up hugging him. He cannot look into my eyes, I can see that because the Prime Minister has not been truthful,” he said. PM Narendra Modi laughs after Rahul Gandhi says 'Pradhanmantri apni aankh meri aankh mein nahi daal sakte' #NoConfidenceMotion pic.twitter.com/qwXNt6PphM — ANI (@ANI) July 20, 2018Rahul Gandhi hugs PM ModiIt was a role reversal of sorts. It remains a secret as to what Modi told Rahul Gandhi during the short meeting.
July 20, 2018 12:22 UTC
In global markets, silver rates were up 0.3% at $15.31 an ounce, but still down about 2.8% this week. In global markets, silver rates were up 0.3% at $15.31 an ounce, but still down about 2.8% this week. Gold prices edged higher by Rs 15 to Rs 30,840 per 10 grams on sustained demand by local jewellers, added the report. In Delhi, gold rates of 99.9% and 99.5% purity edged higher by Rs 15 each to Rs 30,840 and Rs 30,690 per 10 grams, respectively. Globally, spot gold prices rose 0.1% to $1,223.71 an ounce and US gold futures were flat at $1,223.50 an ounce.
July 20, 2018 12:22 UTC