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Refresh- Johnson & Johnson agrees to pay about $117 million to settle U.S. states' mesh probe
J&J was found to be guilty of misrepresenting the safety and effectiveness of its devices and failing to sufficiently disclose risks associated with the use. J&J in a statement said the settlement contains no admission of liability or misconduct.
- New industrial policy not to replicate state models
The move comes even as India’s industrial production shrank 1.1% in August, the worst performance in almost seven years, reflecting a slump in demand and highlighting the challenge faced by the government in reversing the economic slowdown.
- Former Nazi SS guard, 93, goes on trial in Hamburg
More than seven decades later, Dey went on trial on Thursday on 5,230 counts of accessory to murder in Hamburg court. Pushed into the courtroom in a wheelchair, the 93-year-old wore a wide-brimmed hat and held a red folder in front of his face.
- Probing 'predatory' pricing by Flipkart, Amazon: Piyush Goyal
Piyush Goyal said e-commerce companies have no right to offer discounts or adopt predatory prices. "We will take stringent action against them, if there is violation of any law in letter or in spirit. Action will be taken as per the law."
- Multiple inconsistencies found in Trump organization’s books
It is suspected that Trump's company keeps two sets of books, in an attempt to secure lower interest rates on borrowings while keeping tax expenses down. A report by ProPublica's Heather Vogell reveals “multiple inconsistencies” unexplained.
- Patrick Day’s death a stark reminder of boxing’s dangers
The business of boxing has exemplary safety measures — the British Boxing Board of Control has the finest system in the world — and procedures, but men and women will die and there’s absolutely nothing that can be done to prevent death.
- You get to know yourself quite a lot in India: South Africa opener Dean Elgar
"It's a challenging tour. You get stretched as a person, as a cricketer. You get to know yourself quite a lot as a person when you come to the smaller places where the hotels are maybe not as good, and you get challenged on the field," Elgar said.
- Donald Trump warned Erdogan in letter: ‘Don’t be a fool’
US President threatened to ‘destroy’ Turkey’s economy with sanctions if incursion into Syria territory doesn’t stop. “Let’s work out a good deal!” Trump said. “You don’t want to be responsible for slaughtering thousands of people.
- Nikhat Zareen writes to Kiren Rijiju, demands trial bout against Mary Kom
Mary Kom was selected for the recently-concluded championships in Russia ahead of Nikhat Zareen, who was refused a trial by the Boxing Federation of India (BFI), which decided to go by the former's consistent performances while making the choice.
- View: The much talked-about randomised controlled trials are more sinned against than sinning
RCTs, by creating treatment (those who get the development programme) and control groups (those who don’t), create further ethical problems by creating short-term haves and have-nots that could potentially skew observed responses.
- Upasi for keeping plantation commodities under RCEP exclusion list
As per the association’s analysis, the trade deficit for the plantation commodities was Rs 5,716.64 crores with RCEP countries during 2018-19 , while the overall trade surplus stood at Rs 4,368 crore.
- India continues to record maximum number of tuberculosis (TB) cases.
As per the report 10 million people had TB in 2018. While 26,90,000 people had TB in India, out of which 19,90,000 were notified.
- India has worked on fundamentals, but problems needs to be addressed: IMF
Georgieva said India has seen a very strong growth over the past years. However, like the rest of the world, India is experiencing a slowdown. So slightly over six per cent is what we expect to see in 2019, the IMF managing director said.
- Indiabulls Housing Finance offers to pre-pay NCDs
In a stock exchange filing, the company said it will also evaluate further pre-mature redemption of its NCDs from time to time.
- Reliance Capital defaults on NCD payments
It is expected that debt servicing of the company in relation to the accelerated amounts and otherwise will be delayed, the filing added.
- Erstwhile war torn Jaffna gets connected to India via air
Inaugural flight at the newly launched Jaffna International Airport landed from Chennai. The ATR72-600 short-haul flight was operated by Alliance Air, a subsidiary of Air India. This was Alliance Air’s first international flight.
- Scam-hit HDIL appoints Knight Frank to value 40 land assets
While the principal loan on these assets is around Rs 2,200 crore, PMC Bank has been accused of fraudulently extending Rs 4,500 crore to HDIL on the back of security of these properties. Knight Frank will have to submit its report in 7-10 days.
- Indiabulls Housing Finance yields surge to 43%, companies may buyback bonds
Indiabulls Housing Finance bonds with similar maturities usually yielded 10-20%.
- Jammu & Kashmir Legislative Council abolished
The order stated that "consequent to the abolition of the J&K Legislative Council in terms of Section 57 of Jammu and Kashmir Reorganisation Act, 2019 - all the staff of the state legislative council shall report to the GAD by October 22."
- NCLAT gives go ahead to NCLT Mumbai to decide on Adani Ports' bid for Dighi Port
A two-member bench headed by Chairperson Justice S J Mukhopadhaya asked the creditors and the resolution professional of Dighi Port to file a comparative chart giving compatability and feasibility of the plans in two weeks.
- What's in the proposed UK-EU Brexit deal?
The deal comes after years of divisive and frequently acrimonious discussions with the EU, including successive days of late-night talks this week. The new agreement differs from May's rejected deal on various parameters.
- Microlenders focuses on growing loan book size: Report
Among the states, West Bengal has the highest incidence of high-value loans with over 45 per cent of the borrowers having average outgoings of over Rs 60,000 each, while the same proportion for Tamil Nadu is lowest at 1.8 per cent.
- DHFL reports Rs 252 crore net loss for September quarter
DHFL said the company is undergoing substantial financial stress since the second half of the previous financial year.
- Mobile users cannot submit port out requests between Nov 4-10; new MNP regime from Nov 11
The revamped mobile number portability (MNP) or port out rules aim to makes the entire process faster and simpler, cutting the migration process from current seven days.
- India emerges 3rd largest ecosystems for successful startups
Leading the pack from the country are payments solutions platform One97 Communications (USD 10 billion), cab aggregator Ola Cabs (USD 6 billion), online educator Byjus (USD 6 billion), and travel-stay finder OYO Rooms.
- Kartarpur corridor: India hopes pact will be inked on time, asks Pakistan not to levy USD 20 fee
Pakistan has been insisting on levying the service fee of USD 20 per pilgrim to meet the operational costs of the corridor linking the historic Gurdwara Darbar Sahib in Pakistan's Kartarpur with Dera Baba Nanak shrine in Gurdaspur, Punjab.
- Modi's new mission: Propel livestock production to increase India's GDP
The Government estimates that in the next five years, livestock farmers will not only save losses worth Rs 2.50 lakh crore, but will increase their income four times, contributing a major share in India's GDP.
- MHA directs CAPFs to adopt 'swadeshi' goods in canteens, office
The MHA has also decided to enhance monetary grant to over 1,700 Central Police Canteens across the country as it has turned down the plea of these forces and paramilitary veterans who were seeking an exemption under the GST for these stores.
- Pakistan sent two F-16 fighter planes last month to intercept a SpiceJet flight to Kabul
Pakistan had fully closed its airspace on February 26 after the IAF struck a Jaish-e-Mohammed (JeM) terrorist training camp in Balakot in retaliation to the Pulwama attack on February 14 and fully opened it for all civilian traffic on July 16.
- 5G network much safer than previous networks: Huawei
It can be noted the possibility of user data being used by Chinese entities because of Huawei's network equipment has made many people concerned, especially at the cusp of a massive roll-out of the 5G networks across the world.
- Trade setup: Short covering-fuelled rally leaves Nifty in precarious state
We recommend remaining vigilant and protecting profits at higher levels.
- National CSR awards on October 29
Companies with a minimum net worth of Rs 500 crore, turnover of Rs 1,000 crore, or net profit of Rs 5 crore are required every year to spend at least 2% of their average profit for the previous three years on CSR activities.
- Netflix and Amazon face censorship threat in India: Source
The govt is mulling censorship in view of rising court cases and police plaints against the streaming services.
- Will play 'constructive role' in improvement of India-Pakistan ties: China
Days after Modi-Xi summit Chinese Foreign Minister Wang Yi in his briefing to the Chinese media also stated that China's "respective relations with India, Pakistan and other South Asian countries could run in parallel and develop together".
- Wall Street moves higher on Brexit deal, robust earnings
"From where we are right now investors are viewing the glass as half full."
- World's fastest ant clocks nearly a metre per second
- Saudi Arabia plans bumper Aramco IPO, relying on easy loans and rich locals
If the state raises more than $25 billion, it would be the world's biggest IPO.
- Exim Bank raises $50 million from pilot social impact bonds
The bank said this is a new fund source tapped by it and has been tapped as a pilot.
- South Indian Bank Q2 net up 21% at Rs 84 crore on healthy core income
The private sector bank had posted a net profit of Rs 70.13 crore in July-September quarter a year ago.
- InterGlobe Aviation board to meet on October 24 to consider Q2 results
InterGlobe Aviation is the parent of the country's largest airline IndiGo.
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