Industry

After the disclosure on 13 February, Yes Bank shares gained 28.96% to  ₹218 on 14 February. (Mint)
After the disclosure on 13 February, Yes Bank shares gained 28.96% to 218 on 14 February. (Mint)

Can't share divergence report in full without RBI nod, Yes Bank says

  • The confidentiality clause doesn't allow Yes Bank to provide any further details, even to stock exchanges, without RBI nod
  • RBI had pulled up Yes Bank for declaring 'nil divergence', saying that isn't an achievement

Indian Railways boasts a fleet of 883 track maintenance machines and has plans to procure additional machines over the next three years. (Ramesh Pathania/Mint)
Indian Railways boasts a fleet of 883 track maintenance machines and has plans to procure additional machines over the next three years. (Ramesh Pathania/Mint)

Mechanization key to achieving improved quality, productivity in Indian Railways

  • Mechanization will lead to reduced demand for manual interventions
  • Railways boasts a fleet of 883 track maintenance machines and has plans to procure additional machines over the next three years

In response to the railways’ recruitment announcement, 23.7 million people have applied, which is 15 times higher than the number of students who appeared for Class X exams in 2018. (Mint)
In response to the railways’ recruitment announcement, 23.7 million people have applied, which is 15 times higher than the number of students who appeared for Class X exams in 2018. (Mint)

Mother of all hiring drives will augment railways’ workforce

  • Move aims to plug in the personnel gap arising out of 45,000 retiring each year
  • One of the key questions that come up in an era of ever-increasing automation is whether we really need to replace group D employees

 (Photo: Reuters.)
(Photo: Reuters.)

What are India’s greatest and worst movies?

  • Cinematic quality is tricky to measure but if user ratings on IMDb are considered, then recent releases, Aamir Khan and Rajkumar Hirani top the charts
  • India’s greatest film is Anand. The 1971 film scored 8.7 from 22,168 votes and is followed by the 2013 Malayalam-hit Drishyam (8.6)

The question that arises is how Indian Railways will accommodate this huge manpower
The question that arises is how Indian Railways will accommodate this huge manpower

Railways’ recruitment drive out of necessity or a political gimmick?

  • Timing of initiative to fill 230,000 vacancies raises several questions
  • Indian Railways, which has a sanctioned strength of 1,506,598, employs 1,223,622 people

A labourer works inside a coal yard on the outskirts of Ahmedabad (Reuters)
A labourer works inside a coal yard on the outskirts of Ahmedabad (Reuters)

Govt allows part sale of coal from captive mines in open market

  • The additional premium will be over and above the final bid price
  • The allottee of a coal mine for specified end use or own consumption was not permitted to sell coal in open market earlier

Finance Minister Arun Jaitley addresses a press conference after a cabinet meeting. (PTI)
Finance Minister Arun Jaitley addresses a press conference after a cabinet meeting. (PTI)

Govt reverts back to old system of awarding oil and gas blocks

  • The trigger for such a sharing has been fixed at $2.5 billion in a financial year from the block
  • Exploration blocks in Category II and III basins will be awarded purely based on the exploration work programme

India must significantly improve its data infrastructure to sustain its manufacturing competitiveness, suggests study. (Photo: Bloomberg)
India must significantly improve its data infrastructure to sustain its manufacturing competitiveness, suggests study. (Photo: Bloomberg)

India should go digital to boost exports

  • India has made huge strides in promoting cloud infrastructure, which enables e-governance and e-banking services
  • India needs to significantly improve its data infrastructure to sustain its manufacturing competitiveness

Airport Express Metro Line.  ( HT)
Airport Express Metro Line. ( HT)

Govt clears 30,274 cr Delhi-Ghaziabad-Meerut Regional Rapid Transport System

  • Meerut and Ghaziabad are in Uttar Pradesh
  • The Cabinet has approved construction of Regional Rapid Transit System (RRTS) covering a distance of 82.15 kilometres

A file photo of a Saudi Aramco refinery. The Ratnagiri refinery is to be built with investments from Saudi Arabia. (Reuters)
A file photo of a Saudi Aramco refinery. The Ratnagiri refinery is to be built with investments from Saudi Arabia. (Reuters)

Modi's poll math puts at risk Ratnagiri refinery with Saudi Aramco, Adnoc

  • Maharashtra decides to relocate Ratnagiri refinery after stiff opposition from Shiv Sena, BJP's ally in the state
  • The Ratnagiri refinery, a joint venture of Saudi Aramco, Adnoc and Indian OMCs, is crucial to meet India's oil demand

Jay Chen, chief executive officer of Huawei India. (AFP)
Jay Chen, chief executive officer of Huawei India. (AFP)

Huawei awaits govt nod for 5G trials, rollout in India

  • Huawei India CEO Jay Chen says that no country has been able to give any evidence of wrongdoing on Huawei's part
  • Huawei is in talks with all the major telecom operators in India for 5G rollout in India, says Chen

 The Eros Now subscription is valid only during validity period of the recharge plan.
 The Eros Now subscription is valid only during validity period of the recharge plan.

BSNL's 98 recharge gives you Eros Now subscription along with 2GB daily data

  • The Eros Now subscription and 2GB daily data is valid for 24 days
  • Eros Now subscription can also be availed with 298, 333, 444 plans

 (Bloomberg)
(Bloomberg)

Now, dial 112 – the single emergency helpline number across India

  • '112' will provide immediate assistance to people on various services like police, fire and women safety
  • The emergency number is launched under the Emergency Response Support System (ERSS)

A labourer carries a sack of sugar to load it onto a supply truck at a market area in Kolkata,  (Reuters)
A labourer carries a sack of sugar to load it onto a supply truck at a market area in Kolkata, (Reuters)

India sugar output seen extending drop in 2019-20 on dry weather

  • A drop in harvest for a second year will potentially cut overseas shipments and support global prices that fell 21 percent in 2018 
  • India’s sugar exports may total 2.5 million to 3 million tons in the year ending September 30

Stephen Allan. (Ramesh Pathania/Mint)
Stephen Allan. (Ramesh Pathania/Mint)

Print is still growing in India: Mediacom’s Stephen Allan

  • Digital is growing at a very fast pace in India but the base is quite small compared to other markets
  • Television is not TV anymore; it has become video. People are consuming video content through multiple screens

 (iStock)
(iStock)

Top 20 emerging skills that American tech companies are looking for 

  • Hadoop tops the list of 20 fastest-growing skills in the Upwork Skills Index
  • The index reflects emerging skills and provides real-time validation of current trends in the labour market and tech industry

As of 31 December 2018, Manappuram Finance had 4,134 branches in India. (Ramesh Pathania/Mint)
As of 31 December 2018, Manappuram Finance had 4,134 branches in India. (Ramesh Pathania/Mint)

IFC plans debt investment of $75 million in Manappuram Finance

  • IFC’s three-year loan will provide Manappuram Finance liquidity and support asset-liability management
  • Manappuram Finance will be International Finance Corporation's (IFC's) first gold loan-focused investment

This settlement appears to arise from an internal investigation by CTS that it first announced on 30 September, 2016, L&T said.
This settlement appears to arise from an internal investigation by CTS that it first announced on 30 September, 2016, L&T said.

L&T distances itself from Cognizant's Indian bribery case

  • Cognizant allegedly used sham change order requests to conceal the payments it made to reimburse the firm, SEC had said
  • Cognizant had agreed to pay$ 25 million to settle charges that it violated the Foreign Corrupt Practices Act (FCPA), the SEC said

After protests, land acquisition has been stopped for the refinery at the proposed site at Nanar. (Reuters)
After protests, land acquisition has been stopped for the refinery at the proposed site at Nanar. (Reuters)

Maharashtra to move planned Ratnagiri refinery after farmers protest

  • Stare-run oil companies and Saudi Aramco have teamed up to build what would be the country's biggest oil refinery
  • The announcement comes as Saudi Arabia's Crown Prince Mohammed bin Salman is due to arrive in India on Tuesday

 CCTV cameras are seen installed above the logo of Reserve Bank of India (RBI) inside its headquarters in Mumbai. (Reuters )
CCTV cameras are seen installed above the logo of Reserve Bank of India (RBI) inside its headquarters in Mumbai. (Reuters )

RBI to inject 12,500-crore liquidity via OMOs on Thursday

  • The purchase will be made through open market operations
  • While in the case of surplus, the excess money is sucked out by selling of government bonds