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Amazon fires releasing CO2 stored in forests, impacting global climate: ESA
Posted on 10th September 2019
New satellite images published on Monday by the European Space Agency show an increase in air pollution in the Brazilian Amazon while fires burned in the region last month.

Several maps showed more carbon monoxide and other pollutants in August than in the previous month, when there were fewer fires.

The agency said fires released carbon dioxide once stored in the Amazon forests back into the atmosphere, potentially having an impact on the global climate and health.

Burning continues in the Amazon despite a 60-day ban on land-clearing fires that was announced last month by President Jair Bolsonaro.

Data from Brazil's National Institute for Space Research showed the number of fires in all of Brazil has surpassed 100,000 so far this year, up 45 per cent compared to the same period in 2018.

Renata Libonati, a professor in the department of meteorology at the Rio de Janeiro Federal University, said that aside from gases, the burning of forests also released particles into the atmosphere.

Health experts say studies show that air pollution, whether it is small particles or gases, leads to an increase in cardiovascular conditions and lung problems, especially among young children and the elderly.

In Porto Velho, the capital of Brazil's Amazon state of Rondonia, lingering smoke has reportedly caused an increase in such respiratory problems.

The number of people treated for respiratory issues increased sharply in August at the Cosme e Damia Children's hospital. But small particles can also be transported by winds in cities that are not immediately close to where the fires are taking place.

"The impact of the fires go far beyond where the forests are burning," Libonati told The Associated Press.

The lack of rain during the current dry season in the Amazon region makes things worse, she said, as rain can help stop the progress of particle pollution.

Brazil's Health Ministry shared last week a list of recommendations for those living in areas close to the fires, saying people should "avoid staying near places where the fires are happening," wear masks and eye protection outdoors and favour air conditioning, especially in kindergartens, schools and hospitals.

Last month, Bolsonaro sent the army to help combat the fires. A team of 11 Israeli firefighters was also deployed Sunday in the state of Rondonia to help state and federal forces, the defense ministry said in a statement.


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Bajaj Auto net profit surges to ₹1,402 crore, shares rise
Posted on 23rd October 2019
Bajaj Auto today reported better-than-expected earnings for the quarter ended September 30, pushing its shares 2% higher in afternoon trade. Bajaj Auto shares were up 2% at ₹3,186 as compared to a 0.44% rise in Sensex. The automaker's profit rose 22% to ₹1,402 crore, aided by a tax expense reversal of ₹182 crore due to the recent lowering of corporate tax rate.

Amazon’s new move to boost customer connect: Publishes success of small business sellers on boxes
Posted on 23rd October 2019
In a first-of-its-kind move by an e-commerce company, Amazon optimising its delivery boxes to increase customer engagement has announced Storyboxes — a packaging initiative where Amazon shares the growth journey of its sellers on the boxes. The company started the initiative during its annual Great Indian Festival sale (September 29 – October 4) to print the stories of its six sellers as of now. The company is looking to increase the number of such sellers’ stories ahead.

American firm readies class action suit against Infosys on whistleblower allegations
Posted on 23rd October 2019
Even as Infosys battles whistleblower allegations of using aggressive accounting methods to boost its revenues and margin, a US-based law firm, Rosen Law Firm, which specialises in securities class actions, said it was preparing such a suit to recover losses suffered by the investors. “Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Infosys investors,” it said in a statement.

DoT seeks relief for BSNL, MTNL once again, but with fewer demands
Posted on 23rd October 2019
Department of Telecommunications has again sought relief for the beleaguered Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd with fewer demands, essentially translating into lesser cash outgo by the Centre.

It is learnt that DoT has sought funds for the voluntary retirement schemes of the two sick units and allotment of 4G spectrum, besides proposing to raise finances by monetising assets.


SBI Life Insurance joins Rs 1-trillion m- cap club, stock hits record high
Posted on 23rd October 2019
SBI Life Insurance Company today entered the coveted Rs 1 trillion market capitalisation (market-cap) club after its share price hit a fresh all-time high on the National Stock Exchange (NSE). The stock of the life insurance company hit a new high of Rs 1,012 on Wednesday in the intra-day deal.

Following the uptick in the counter, SBI Life’s market cap crossed Rs 1-trillion mark or Rs 1,01,200 crore in intra-day trade today.


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