You are here

India Inc sees room for more rate cuts by RBI as inflation rises

India Inc said on Monday there is room for further rate cut by the Reserve Bank of India to boost investments from private sector and revive industrial growth, as wholesale inflation rose to 1.88% in July. “Given the trend and outlook for inflation, we see clear space for a more accommodative stance in the monetary policy. This is all the more important given the state of industrial sector where growth is anaemic. “Private sector investments continue to remain weak which is key concern for now. We look forward to a…

Read More

Alcohol mixed with energy drink causes similar risk as cocaine

Drinking highly caffeinated alcoholic beverages trigger changes in the adolescent brain, similar to taking cocaine, and the consequences last into adulthood, according to a recent research conducted at Purdue University. Lead researcher Richard van Rijn looked at the effects of highly caffeinated energy drinks and highly caffeinated alcohol in adolescent mice. These alcohol studies cannot be performed in adolescent humans but changes seen in mouse brains with drugs of abuse have been shown to correlate to those in humans in many drug studies. These energy drinks can contain as much…

Read More

Indian assistant prof and solar energy expert selected as ‘young scientist’ to address BRICS meeting in China

Hyderabad An assistant professor of a city-based University of Hyderabad (UoH) has been selected as young scientist to participate in the second BRICS meeting, scheduled from July 11-15, at Hangzhou in China. Murali Banavoth, who recently joined as an assistant professor at School of Chemistry in UoH, will be addressing on the theme titled Solar Energy in the BRICS meeting, a release from the University said today. After obtaining his Ph D, from the Indian Institute of Science, Banavoth moved to King Abdullah University of Science and Technology (KAUST) as post-doctoral…

Read More

Uber Fires 20 Employees as Part of Sexual Harassment Investigation

Uber has fired 20 employees in recent months as part of a wide-ranging investigation of the climate and culture at the popular ride-hailing service, the company said Tuesday. The report of the firings initially came from an attorney at the Perkins Coie law firm, which Uber hired to assist in a broader harassment investigation at the company and which made a presentation at the company’s weekly staff meeting Tuesday. The company later said the firings, which included some senior executives, were for sexual harassment, discrimination, unprofessional behavior, retaliation, bullying and…

Read More

As GOP Tarries On Health Bill, Funding For Children’s Health Languishes

The federal CHIP program funds health care for almost 9 million children. Terry Vine/Blend Images/Getty Images Back in January, Republicans boasted they would deliver a “repeal and replace” bill for the Affordable Care Act to President Donald Trump’s desk by the end of the month. In the interim, that bravado has faded as their efforts stalled and they found out how complicated undoing a major law can be. With summer just around the corner, and most of official Washington swept up in scandals surrounding Trump, the health overhaul delays are…

Read More

SoftBank loses $1.4B investment in Snapdeal, Ola

SoftBank cannot possibly need more reasons to push Snapdeal off its portfolio. According to its consolidated financial report for FY 2017, the company has faced a combined loss of $1.4 billion in investments in the online marketplace as well as in cab hailing platform Ola. In February this year, SoftBank had written off $475 million from the same two players – its biggest investments in India. Image credit: Anisha Despite the backing from the likes of Kalaari Capital, Nexus Ventures, Alibaba, and Foxconn, Gurgaon-based Snapdeal has been unable to raise funding…

Read More