Intellivate Capital Ventures Ltd calls for Board Meeting on Jan 23, 2017

A meeting of the Board of Directors of Intellivate Capital Ventures Ltd is scheduled to be held on January 23, 2017, to consider and approve the Un-audited Financial Results of the Company for the Quarter and Nine Months ended December 31, 2016. Further, pursuant to the provisions of Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015…

Trump Calls for Federal Takeover of Chicago if decline continues

President-elect Donald Trump today took on Chicago Mayor Rahm Emanuel for his sub-par performance, noting that the city, whose bond rating last year dropped to junk status, ended 2016 on an even more sordid note: as the murder capital of the world. "Chicago's murder rate is record-setting," Trump commented on Monday via the Twitter social media platform. "Four-thousand, three-hundred and…

Pravasi Bharatiya Divas: Government to Promote Investments in Suburbs around Bengaluru

BENGALURU: Karnataka will promote industrial suburbs around Bengaluru for potential investments from the Indian diaspora during the three-day Pravasi Bharatya Divas (PBD), beginning Saturday. Prime Minister Narendra Modi will open the event on Sunday which will focus on the theme, "Redefining Engagem,ent with the Indian Diaspora." “Bengaluru is overloaded with investments, and we want to encourage investments in industrial suburbs…

Indian banks aim to boost credit growth with sharp rate cuts

Indian banks, led by market leader State Bank of India, announced sharp cuts to their lending rates after a recent surge in deposits, raising hopes that lower borrowing costs will help spark credit growth in Asia's third-largest economy. SBI, the country's biggest lender by assets, said on Sunday it had cut its so-called marginal cost of funds-based lending rates (MCLR)…

Solar Power, Green Corridor Blip On Energy Radar For 2017

NEW DELHI: Green seems to be the catchword for the government heading into the next year as it gears up to achieve 175 gigawatt of clean energy by 2022 through auction of 1,000 MW of rooftop solar power, Rs. 13,000 crore investment in solar parks and a Rs. 21,000-crore package to boost local manufacturing of panels. By all yardsticks, 2016…

The rise of the robots?

"Your bones will turn to sand. And upon that sand a new God will walk." Dolores in the latest sci-fi TV blockbuster, Westworld. It may not quite be that bad. But a wall won't keep them out, a new work permit scheme won't stop their freedom of movement. The rise of the robots could be next year's big story. Ever…

Trump will get wake-up call when he takes office, Obama says

WASHINGTON (Reuters) - President-elect Donald Trump is in for a quick wake-up call and will have to adjust his temperament when he confronts the realities of his new job on Jan. 20, President Barack Obama said on Monday. In a news conference at the White House, Obama said the freewheeling Trump could not be as outspoken as he was during…

Wells Fargo shareholders await word from Buffett as November nears

Wells Fargo & Co's effort to recover from one of the worst scandals in its nearly 200-year history will face a major test next week, when Warren Buffett is expected to weigh in. Buffett, who chairs Wells Fargo's largest shareholder, Berkshire Hathaway Inc, had said he would wait until November to comment on the issue of the bank having created…

Major banks mark first-ever international trade using Blockchain Tech

The first cross-border transaction between banks using multiple blockchain applications has taken place, Commonwealth Bank of Australia and Wells Fargo & Co said on Monday, resulting in a shipment of cotton to China from the United States. Australian cotton trader Brighann Cotton Marketing bought the shipment bound for the port city Qingdao from U.S. division Brighann Cotton in Texas, the…