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North Korea must denuclearise by January 2021, says Trump administration

North Korea must denuclearise by January 2021, says Trump administration

Secretary of State Mike Pompeo on Wednesday set a deadline by which North Korea must denuclearise, saying that the process must be completed by January 2021, when President Donald Trump's current term would end.

In a statement, Pompeo also expressed his desire to meet with his North Korean counterpart, Ri Yong-ho, next week in New York during the United Nations General Assembly, Efe reported.

IIT Madras, ONGC sign agreement to boost operational lifecycle of platforms

IIT Madras, ONGC sign agreement to boost operational lifecycle of platforms

Indian Institute of Technology Madras (IIT-M) has announced a collaboration with Oil and Natural Gas Corporation Limited (ONGC) to enhance the operational life cycle of the latter's existing platforms and reduce running and operating cost by optimum use of offshore survey requirements.

IIT-M is going to develop a database management system for all the more than 280 platforms of ONGC and develop software for structural integrity management system (SIMS) as well.

SBI to raise $500 million in maiden green bond sale

SBI to raise $500 million in maiden green bond sale

The country’s largest lender State Bank is in the international bond market to raise nearly USD 500 million in green bonds, making it the maiden issuance for the lender.The tenor of the bonds is expected to be five years and the notes are to be issued by the bank’s London branch.

With this issue SBI will become compliant with the global standards as prescribed by the Climate Bonds Initiative, a global not-for-profit investor-focused organisation.

Microsoft steps up Salesforce rivalry with new AI, HoloLens features

Microsoft steps up Salesforce rivalry with new AI, HoloLens features

Microsoft Corp. rolled out new features for sales and customer-service software that make use of artificial intelligence and its HoloLens augmented reality goggles, stepping up competition with Salesforce.com Inc.

Remote Assist lets field service workers use the goggles to fix equipment or take other actions guided by a remote expert who can watch the process and draw instructions in the workers’ fields of view, Lorraine Bardeen, general manager, Microsoft Mixed Reality, said in a press briefing on Tuesday.

Maruti dominates passenger vehicle sales in Aug, 6 models in top ten list

Maruti dominates passenger vehicle sales in Aug, 6 models in top ten list

Maruti Suzuki India (MSI) continued its hold on the Indian passenger vehicles market with its models occupying the first six positions in the top ten best selling list in August.

According to data from Society of Indian Automobile Manufacturers, the company's entry-level car Alto topped the list, selling 22,237 units in August.

TVS teams up with Torino Motors; will open 40 two-wheeler stores in Mexico

TVS teams up with Torino Motors; will open 40 two-wheeler stores in Mexico

TVS Motor on Wednesday announced its alliance with Torino Motors, a subsidiary of Groupo Autofin for the Mexican region.

In the first year of the association, Torino Motors will work with TVS Motor to open 40 exclusive stores in the country for the distribution of two-wheelers, according to a company release.

RIL plans to set up Reliance Jio Hubs in smaller towns

RIL plans to set up Reliance Jio Hubs in smaller towns

New Delhi: India’s richest man Mukesh Ambani plans to build Reliance Jio Hubs, a one-stop shop for all consumer items sold by Reliance Industries Ltd and its units ranging from electronics to groceries, to provide people living in small towns their first mall-like shopping experience. The aim is to leverage the strengths of units Reliance Retail Ltd’s physical stores and Reliance Jio Infocomm Ltd’s digital infrastructure to boost sales in smaller towns, which have largely been untouched by modern retail and online shopping.

Sensex recovers over 100 points on value-buying, strength in rupee, global cues

Sensex recovers over 100 points on value-buying, strength in rupee, global cues

The BSE Sensex rebounded over 100 points in opening trade Wednesday on value-buying in recently battered stocks amid strength in the rupee and positive global cues. The 30-share BSE index recovered by 142.26 points, or 0.38 per cent, to 37,432.93 in opening trade. The index had lost almost 800 points in the previous two sessions as rupee woes and trade war worries spooked investors.

Facebook faces lawsuit for hiding job ads from women

Facebook faces lawsuit for hiding job ads from women

The American Civil Liberties Union (ACLU) is suing Facebook on behalf of three women job seekers who accused the social media giant of posting ads that are shown only to men. The ACLU, along with the Communications Workers of America and the employment law firm Outten & Golden LLP, on Tuesday filed charges with the US Equal Employment Opportunity Commission against Facebook.

Bank of Baroda, Dena Bank, Vijaya Bank merger stuns market; listed banks lose Rs 20,000 crore in market value

Bank of Baroda, Dena Bank, Vijaya Bank merger stuns market; listed banks lose Rs 20,000 crore in market value

India’s plan to merge state-controlled lenders as a way to resolve its bad-debt issue didn’t thrill investors. The proposed union of Vijaya Bank and Dena Bank with Bank of Baroda fanned speculation of further consolidation in the sector. While some state-run lenders rose on Tuesday, most fell on concerns about eroding capital buffers and growing bad debt for buyers. Overall, the 22 banks listed on Indian stock exchanges lost about 203 billion rupees ($2.8 billion) of market value.

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