VIVO News - Latest News & Updates

IL&FS Investment Managers' Board Appoints 2 New Additional Directors

Kishore and Modak have been appointed to the board in the capacity of nominee directors of Infrastructure Leasing & Financial Service.

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Rupee Falls 54 Paise, Touches 71 Level Against US Dollar

At the Interbank Foreign Exchange, the rupee opened weak at Rs 70.82, then fell further to 71 against the American currency, down 54 paise over it's previous closing price.

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Sensex Cracks Over 300 Points, Nifty Drops Below 10,700

The 30-share Sensex was trading 298.53 points, or 0.83 per cent, lower at 35,585.88. The index tumbled 249.90 points, or 0.69 per cent, to close at 35,884.41 on Wednesday.

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Facebook Gave Data on User's Friends to Companies Like Netflix, Airbnb

The 223 pages of documents released on Wednesday provide fresh evidence and spark new political scrutiny about previously aired allegations that Facebook has picked favourites and engaged in anti-competitive behaviour.

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Zomato Acquires Startup TechEagle Innovations in Move Towards Drone-based Food Delivery

TechEagle will help in creating a hub-to-hub delivery network powered by hybrid multi-rotor drones, Zomato said in a statement.

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SC Orders Attachment of Amrapali Group's Five-star Hotel, Malls, Cinema Hall and Factories

The top court also ordered attachment of four swanky corporate offices of Amrapali Group situated in Noida and Greater Noida, and asked the Debt Recovery Tribunal, Delhi, to auction them.

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Thyssenkrupp's Top Shareholder Appoints Ex-Volkswagen Chief Pischetsrieder

By appointing Pischetsrieder, who has served as chief executive of both BMW and Volkswagen, the foundation seeks to address long-standing concerns over its board's composition and whether it is fully qualified to fulfil it role as the largest investor of one of Germany's biggest industrial groups.

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Interest on Home, Auto, MSE Loans to be Linked to New Benchmarks from April 1

Currently, banks follow system of internal benchmarks, including Prime Lending Rate (PLR), Benchmark Prime Lending Rate (BPLR), Base rate and Marginal Cost of Funds based Lending Rate (MCLR).

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Sensex Tanks 250 Points on RBI Status Quo, Grim Global Cues

The BSE Sensex tumbled 249.90 points, or 0.69 per cent, to close at 35,884.41. Similarly, the broader NSE Nifty fell 84.55 points, or 0.74 per cent, to end at 10,784.95.

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RBI Governor Urjit Patel Parries Questions About Rift With Centre

Relations between the Mint Road and North Block soured since late October, after the finance ministry mandarins started consultations under the never-before-used Section 7 of the RBI Act which empowers government to direct the central bank to undertake certain policy measures in public interest.

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To Make Most of US-China Trade War, India Has to Move Smart

According to a study by the European Network for Economic and Fiscal Policy Research, 20.5 per cent of the cost of the tariffs the US has imposed on $250 billion worth of Chinese goods will be borne by Chinese producers. US consumers, meanwhile, will only pay 4.5 per cent.

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RBI Retains GDP Projection for Current Fiscal at 7.4 Per Cent; Pegs April-Sept Growth at 7.5 Per Cent

The central bank said that the GDP growth in April-September of current fiscal has been broadly in line with RBI projection of 7.4 per cent for full fiscal.

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Novartis India MD Milan Paleja to Step Down

Milan Paleja has informed the company's board of his decision to resign as the vice chairman and managing director effective May 31, 2019 for embracing challenges outside of Novartis, the company said in a regulatory filing.

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RBI Keeps Repo and Reverse Repo Rates Unchanged After 3-Day Monetary Policy Review

The MPC, which takes the decisions on the key interest rates, has six members, three of whom are members of the RBI, while the rest are appointed by the Government of India.

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Will RBI Change Interest Rates Today? 4 Things to Watch Out for

The repo rate and cash reserve ratio (CRR) currently stand at 6.5 percent and 4 percent, respectively.

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Debt-Laden Jet Airways in Talks with Etihad for Rescue Plan: Report

Executives from Etihad and Jet have met some of the airline's bankers in Mumbai in recent days to discuss ways to address its cash flow issues and evaluate the carrier's future business plan, the sources said.

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Rupee Falls 26 Paise to 70.75 per US Dollar in Early Trade

The rupee opened lower at 70.70 a dollar and dropped further to quote at 70.75, 26 paise down over its previous close.

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Sensex Falls Over 200 Points, Nifty Slips Below 10,800 on Global Selloff

Global investor sentiment turned weak after uncertainty over negotiations between the US and China countries during the next 90 days rose.

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UAE and India Sign 35 Billion Rupees Currency Swap Agreement

"The bilateral currency swap agreement between India and the UAE is expected to reduce the dependency on hard currencies like the U.S dollar," the statement said, adding that the two central banks had agreed the deal.

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With Investments Worth Rs 16,800 Crore,Indians Biggest Foreign Investors in Dubai Real Estate: Report

Indian buyers have been consistently the highest foreign investors in the emirate's realty sector given its strategic location, high investment and rental yields, capital appreciation and regulations making it an attractive proposition.

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Notice to Adani Electricity After Consumers Complain Sudden Spike in Power Bills

In its notice, the Maharashtra Electricity Regulatory Commission (MERC) said that it has been observed that there have been media reports about consumer agitating against the unduly excessive electricity bills received by them.

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AAI Employees Stage Protest as Government Decides to Privatise 6 Airports,

Last month, the government cleared a proposal to manage six AAI airports under public private partnership. They are Ahmedabad, Jaipur, Lucknow, Guwahati, Thiruvananthapuram and Mangaluru.

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India to Allow Validity Extension of Business Visa to Upto 15 years

Union Home Secretary Rajiv Gauba said on Tuesday that the number of e-Visas issued has seen a tremendous growth during the last four years from 5.17 lakh in 2015 to 21 lakh till November 30 this year.

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With Maiden Flight to Singapore, Vijayawada Enters International Aviation Map

The new air connectivity between Andhra Pradesh and Singapore would increase Indias reach in south-east Asia and the state would become an aviation gateway between the two prospering regions. It would also boost tourism, the Vice-President said.

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Debt-laden Jet Airways Nears Funding Deal with Etihad: Report

Jet founder and majority shareholder Naresh Goyal has assured the airline's pilot union that the funding, which will likely result in route restructuring and more flights to Abu Dhabi, could take place as early as mid-December, the channel said.

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Sugar Production in October, November Inches Up to 39.73 Lakh Tonne

In Maharashtra, 167 sugar mills have started their crushing operations and are running in full swing and as on November 30, they have produced 18.05 lakh tonne, which is 21% higher than the output during the same period last year.

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SEBI Panel Proposes Direct Listing of Indian Firms on Foreign Bourses

Under the current regulations, any company incorporated in India but not listed on an Indian exchange is not permitted to list its shares on a foreign stock exchange. Similarly, companies incorporated outside India cannot directly list their equity shares on Indian stock exchanges.

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IndiGo Appoints Ronojoy Dutta as Principal Consultant

The Gurugram-based largest domestic budget carrier by market share, does not have a full-time chief executive since the exit of then incumbent Aditya Ghosh, who parted ways with the carrier in April.

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Coal Obsessed Host Poland Puts Developing World in a Tight Spot at Climate Summit

The ‘black gold’ - as coal is known in Polish society – was conspicuously present in the corridors of conference venue filled in large containers and President Andrez Duda went around meeting several leaders, wearing a jacket modelled on miners’ uniform.

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France Scraps Fuel Price Increases as 'Yellow Vest' Protests Persist, Calls for Calm

The Macron administration is struggling to defuse the anger driving the "yellow vest" protests, as it reels from the worst riots seen in central Paris in five decades last Saturday.

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Chinese Effort to Impose its Own Dalai Lama Would be Opposed: US

"The United States has a very clear position that religious decisions should be made within religious organisations and that this isn't the role of the state," Laura Stone, Acting Deputy Assistant Secretary of State for East Asian and Pacific Affairs said.

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Hackers Who Accessed Data of 50 Crore Marriot Customers Linked to Chinese Intelligence Agency

Private investigators looking into the breach have found hacking tools, techniques and procedures previously used in attacks attributed to Chinese hackers, said three sources who were not authorised to discuss the company's private probe into the attack.

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Chief Financial Officer of China's Huawei Arrested in Canada, Faces Extradition to US

Meng Wanzhou's detention comes after US authorities launched an investigation into suspected Iran sanctions by Huawei, which was already under scrutiny by intelligence officials.

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Six Missing After Two American Military Planes Crash Off Japan, Search Op On

A spokesman for Japan's Self-Defence Forces said one of the airmen had been rescued but the immediate fate of the remaining crew members was unclear.

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Yemen Peace Talks to Begin in Sweden Today, Says United Nations

The talks mark the first meeting between Yemen's Saudi-backed government and Huthi rebels, linked to Iran, since 2016, when 106 days of negotiations yielded no breakthrough in a war that has pushed 14 million people to the brink of famine.

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Russia Will Make Banned Missiles if US Exits Arms Treaty, Warns Putin

The United States delivered Russia a 60-day ultimatum on Tuesday to come clean about what Washington says is a violation of the 1987 nuclear arms control treaty, saying it would be forced to start a six-month process of withdrawal if nothing changes.

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Without Gas for Cremation, Even Dying is a Struggle in Venezuela

The decay of Venezuela's oil industry burdened citizens for months with long gasoline queues and shortages of cooking gas, and has now hit families bidding farewell to loved ones.

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Sri Lanka President Sirisena Says Political Crisis Will End in Seven Days

Sri Lanka is going through a major political crisis since October 26 when President Sirisena, in a controversial move, removed Wickremesinghe and installed ex-strongman Rajapaksa in his place.

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Anger in Bangladesh As Schoolgirl Kills Self After Being Humiliated by Teachers

Ninth-grade student Aritry Adhikary's father Dilip has accused the principal of Viqarunnisa Girls School and two teachers of abetting his daughter's suicide as they had reprimanded her for carrying a mobile phone during an exam.

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10 Indian Men, 24 Thai Women Arrested over Fake-marriage Scam in Thailand

The arrests are part of an ongoing crackdown launched by the Immigration Police Bureau on foreigners living unlawfully in the country, it said.

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To Make Most of US-China Trade War, India Has to Move Smart

According to a study by the European Network for Economic and Fiscal Policy Research, 20.5 per cent of the cost of the tariffs the US has imposed on $250 billion worth of Chinese goods will be borne by Chinese producers. US consumers, meanwhile, will only pay 4.5 per cent.

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Pakistan Government to Impose 'Sin Tax' on Tobacco and Sugary Beverages

"Various routes will be used to increase the health budget," he said, adding "and one of them is imposing a sin tax on tobacco products and sugary beverages. That sum will be diverted to the health budget."

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Albert Einstein's 'God Letter' Auctioned for Nearly $3 Million

The two-page letter, dated January 3, 1954, was written to German philosopher Eric Gutkind, who had sent Einstein a copy of his book "Choose Life: The Biblical Call To Revolt".

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Joe Biden Makes 2020 Bid, Says He's 'Most Qualified' to be US President

Biden, 76, made the remarks on Monday night while in Montana during a stop on a tour to promote his 2017 book "Promise Me, Dad" about the death from brain cancer of his son Beau.

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Massive 7.6 Earthquake Prompts Tsunami Warning off New Caledonia in France

The undersea quake was only a shallow 10 km (6 miles) deep and about 155 km (95 miles) east-southeast of the Loyalty Islands off New Caledonia's east coast.

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Prosecutors to Subpoena Trump Hotel Business Records

The investigation focuses on the Trump International Hotel just four blocks away from the White House, which has become popular with foreign dignitaries and businessmen seeking to gain favor with the Trump administration.

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US Indicts Four Tied to Money Laundering at 'Panama Papers' Firm

The four were affiliated with Mossack Fonseca, the law firm that helped thousands of clients around the world move money offshore to protect it from taxes.

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UAE and India Sign 35 Billion Rupees Currency Swap Agreement

"The bilateral currency swap agreement between India and the UAE is expected to reduce the dependency on hard currencies like the U.S dollar," the statement said, adding that the two central banks had agreed the deal.

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US Radio Stations Pull Oscar-Winning Classic Holiday Song for Being 'Too Rapey'

The exchanges include "Say, what's in this drink?," "Baby, don't hold out" and "I ought to say no, no, no sir..." — lyrics that some say seem "rapey”.

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Cuba to Allow Full Internet Access on Mobile Phones, One of the Last Nations Unblock the Web

Mayra Arevich is president of the Cuban state telecom monopoly. She announced on national television Tuesday evening that Cubans can begin contracting 3G service for the first time Thursday.

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