Mint Visionaries | Bill Gates talks to Rishad Premji about climate change, AI

Mint Visionaries | Poor will suffer most due to climate change, says Bill Gates

• Bill Gates talked about 'Technology for Social Inclusion' with Wipro chairman Rishad Premji at Mint Visionaries event
• 'One thing that will help India in a big way is to get rid of malnutrition, which reduces potential of kids and their IQ levels,' said Gates

India needs explosive pace of technological growth: Amitabh Kant

• Kant says India is witnessing a radical transformation by sheer use of technology, which includes the use of biometrics, driven Aadhaar as well as mobile
• Niti Aayog CEO also says data will fuel change in India and enable startups to use them to spearhead change

Aramco declares $1.71 trillion valuation in blockbuster IPO

• Aramco said it would sell 1.5% of the company in a blockbuster initial public offering worth at least $24 billion
• The much-delayed offering is scaled down from original plans, but it still rivals the world's biggest listing so far

AIIB says projects, cost overruns biggest negatives of India

• The bank was established in 2016 to fund developmental projects as part-time of which it takes both equity and debt interests in projects
• The bank has $ 3 billion exposure to India which has a lot of appetite for credit and will continue to be the largest borrower in the near future

New norms to ease restrictions on FDI by JVs of Indian companies

• The existing legal framework under FEMA does not permit FDI by an overseas JV or WOS of an Indian party without the prior approval of RBI
• The changes have become important in the backdrop on slowing of the Indian economy and resultant lack of investment by the corporate sector

'Golden age' for Indian aviation sector; fundamentals strong: IndiGo chief

• The country's civil aviation sector has been experiencing lower growth in traffic compared to previous years
• While acknowledging that there are problems, including high taxes on jet fuel, Dutta said there are huge opportunities going forward

India delaying signing helicopters deal, says Russia

• Russian Helicopters CEO said it would benefit India if the planned order for over 100 rotorcraft for the Indian Navy could be combined with the 140 helicopters it is looking to buy for the Army
• India, Russia signed a deal in 2015 under PM Modi's ‘Make in India’ programme for the supply of 140 KA 226T helicopters

Gotabaya Rajapaksa, Sri Lanka strongman, wins presidency by big margin

• Gotabaya Rajapaksa will be sworn into office in an ancient Buddhist temple on Monday
• The election commission said Rajapaksa won 52.25% of the votes in Saturday's election, while Premadasa got 41.99%

Six of top-10 firms add ₹2.4 lakh crore in m-cap; TCS tops the chart

• The market cap of TCS zoomed ₹1,93,666.73 crore to reach ₹8,16,068.63 crore
• Infosys' valuation declined by ₹1,932.77 crore to ₹3,02,349.51 crore

Ayodhya verdict: AIMPLB to seek review of SC judgement

• The land of the mosque belongs to Allah and under the Sharia, it cannot be given to anybody, AIMPLB secretary Zafaryab Jilani said
• Earlier in the day, the Jamiat Ulama-i-Hind also decided to file a review petition challenging the Supreme Court's Ayodhya verdict

Job outlook bleak among millennials

After recovering in early 2019, job market outlook has nose-dived once again, fresh data from the latest round of the YouGov-Mint Millennial Survey shows

'Make in India' hub Noida to churn over 30 crore mobiles in 5 years

• In 2014, India had just two mobile phone manufacturing units. Due to the "Make in India" push, the country now has 268 mobile handset and accessories manufacturing units
• During 2018-19, India saw the production of 29 crore units and the bulk of the production came from the Noida-Greater Noida region

Peugeot’s India-made electric scooter inducted in French presidential fleet

• Mahindra and Mahindra acquired 51% of the Peugeot Motorcycles in 2015
• Mahindra is India’s largest electric vehicle manufacturer but is yet to launch an electric two-wheeler in the country

Hotels cannot deny claim for theft of vehicle handed over for valet parking: SC

• The top court has held that the burden of proof lies on the hotel to explain that any loss or damage caused to the vehicles parked was not on account of its negligence
• The vehicle insurer settled the insurance claim with the man but the hotel denied to pay the value of the car and compensation

CJI Ranjan Gogoi: The man and his legacy

• Chief Justice of India Ranjan Gogoi demits office on 17 November
• As the head of administration of the Supreme court, Gogoi also passed orders on making available the top court’s judgments in seven languages including English and Hindi

FPIs infuse ₹19,203 crore into Indian capital markets in Nov so far

• Trade deal between the US and China was one of the major global factor contributing towards FPI inflows
• The consistent flows depict that FPIs are fast gaining confidence in the Indian equity markets, said an analyst

CAIT asks for pricing parity in online, offline market

• The CAIT also said that it is the responsibility of the brands to advise their buyers to sell their products at MOP to maintain the market hygiene
• The CAIT also said that there should be a uniform policy of discounting by brands both for online and offline trade

Pollution: High-level meeting between Centre, northern states on Monday

• Environment Secretary CK Mishra to chair the meeting, which will be attended by chief secretaries of Delhi, Punjab, Haryana and Uttar Pradesh
• Officials from the ministries of Housing and Urban Affairs, Power, and Agriculture to also attend the meeting

Rail services resume in Kashmir Valley after three months: All you need to know

• A train passed through Srinagar station and the stations in south Kashmir before reaching Banihal
• Firozpur Division will commence a limited passenger service of running three pairs of trains between Banihal-Baramulla-Banihal starting 18 Nov

Next CJI Bobde part of historic verdicts like Ayodhya, Right to Privacy

• Justice Bobde will have a tenure of over 17 months as the CJI and is due to retire on April 23, 2021
• Hailing from a family of lawyers from Maharashtra, he is the son of eminent senior advocate Arvind Shriniwas Bobde

Opinion | The case for a holistic approach to policy formulation

In complex systems, two well-aimed policies could interact to yield an adverse outcome

Why gold prices have fallen ₹2,000 per 10 gram in two months

• Optimism about a possible US-China trade deal, rising equity markets and the US Fed's signal of a pause in the current easing cycle have put pressure on gold prices
• Investors have also turned cautious, awaiting outcome of US-China trade talks

India, US $7.5 billion defence deals for armed drones, spy planes in pipeline

• The Trump administration had approved the sale of armed drones to India in June this year
• The other major deal in the pipeline is the project for the acquisition of the 10 P-8I anti-submarine warfare and long-range surveillance aircraft

US to extend license for its companies to continue business with Huawei

• The extension of around two weeks is far shorter than the prior 90-day extension and a longer extension is in the works
• US Commerce Department has allowed it to purchase some American-made goods in a move aimed at minimizing disruption for its customers

Winter Session expected to see heat as Oppn looks to corner govt on slowdown

• Modi at an all-party meet asserts that the government is ready to discuss every issue
• At the meet, opposition leaders raise the issue of ‘illegal’ detention of mainstream leaders in J&K

Fadnavis heckled by Sena workers at Bal Thackeray's death anniversary function

• Fadnavis and his entourage, which included several senior BJP leaders, moved on without reacting to the jeers
• Earlier in the day, Fadnavis had tweeted a video containing some of the late Sena patriarch's rousing speeches, and had added his voice-over as a tribute

Kia Motors to expand sales network to over 300 touchpoints

• The company's orderbook for Seltos currently stands at over 62,000 units
• The company, which has raced to fifth position in terms of sales in the domestic passenger vehicle segment with just one model in its portfolio

Andhra govt reviewing plans of secretariat and assembly buildings in Amaravati

• State government is reviewing both the structures along with the entire capital city project
• Rs8,762 crore has been spent till date on Amaravati

Indian Oil launches special winter-grade diesel for UT of Ladakh

• This fuel will remain unfrozen at minus 33 degree Celsius
• The transportation fuel would help provide year-round access to snow-capped border regions, and is part of India’s efforts to speed up strategic road connectivity

Govt considering to reintroduce restrictions on royalty payments

• A proposal in this regard will soon be circulated by the DPIIT for inter-ministerial consultation
• Royalty is paid to a foreign collaborator for the transfer of technology, usage of brand or trademarks

Can we resist our plastic temptation?

• With no alternatives in sight for single-use plastic in packaging, Lounge takes a look at why plastic remains so pervasive
• From using recycled paper to reverse logistics, the likes of Amazon and Flipkart recently announced sustainable packaging measures

MakeMytrip bets bigger on home-stays to take on rivals like Airbnb

The company plans to firm up presence in the homestay segment comes at a time when established players like Airbnb as well as startups such as Vistaroom and Saffronstays are aggressively looking to tap the segment in the last two-three years

Markets may remain range-bound, global trends to dictate sentiments: Analysts

• Since the result season is almost over, market will take cues from international factors namely US-Sino trade deal, said an analyst
• Last week, the BSE Sensex rose marginally by 33 points

US-China deal could be signed by ministers, says White House

• Trump and Xi Jinping have said from time to time their top ministers could sign the US-China trade deal, said Larry Kudlow
• Kudlow said Friday there was still no precise date set

Anil Ambani resigns as director of Reliance Communications

• Ambani along with Chhaya Virani, Ryna Karani, Manjari Kacker, Suresh Rangachar have resigned as directors of RCom.
• RCom, which is currently going through insolvency process, has posted a consolidated loss of ₹30,142 crore for July-September 2019

Govt planning ‘One Nation, One Pay Day' system: Labour Minister Santosh Gangwar

• The plan is in line to safeguard the interest of workers in formal sector, particularly working class, Labour Minister Santosh Gangwar said
• Prime Minister Narendra Modi is keen on this legislation to get passed soon, Gangwar said

Reliance Jio users can now answer landline calls on their mobile phones

• Users of Reliance Jio sim card and Jio Fiber can use their mobile phones to answer landline calls
• Jio users can also make video calls using their landline phone number

Not just Delhi. India has two other cities in world's top 10 polluted city list

• The overall air quality index (AQI) in the national capital crossed the 500 mark on Friday morning
• The real-time air quality ranking report by IQ Air Visual also called Delhi the most polluted city in the world