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India’s 8-yr-old activist at COP25 reminder of world’s obligations to future generations: UN Chief

Madrid: The presence of India’s eight-year-old climate activist, Licypriya Kangujam, at the COP25 climate conference here is a reminder of the world’s obligations towards the future generations, UN chief Antonio Guterres has said. Kangujam met the UN Secretary-General on Thursday during The UN Climate Change Conference COP25 and submitted a memorandum “on behalf of the children of the world.” The …

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US law firm’s plaint not uncommon: Infosys

Mumbai/Bengaluru: Software major Infosys on Friday said it was not uncommon for law firms to solicit plaintiffs in a lawsuit. «The Company notes that it is not uncommon for plaintiffs› lawyers to issue press releases or other media communications asking potential plaintiffs to contact them in order to apply for lead plaintiff status in an existing lawsuit,» said Infosys in a statement to the …

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No comments on ‘stagflation’: Sitharaman

Stagflation, a combination of slow economic growth with rising inflation, is a phenomenon feared by several economists New Delhi: Finance Minister Nirmala Sitharaman on Friday denied to comment ‘stagflation’, saying that “I have heard of the narrative going on and I have no comments to make.” When asked if the Indian economy is entering into a stage of ‘stagflation’, the …

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Delay in setting up defence varsity raises cost by 914%: CAG

New Delhi: There delay in setting up of Indian National Defence University (INDU) in Haryana’s Gurugram will cost the exchequer an increase of 914 per cent in cost, the Comptroller and Auditor General (CAG) finds in its report on Union Government (Defence Services)-Army, sources in Rajya Sabha said on Friday. The CAG also flags that there is unnecessary bureaucratic delay …

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BIZ SCAN

Silk-Cotton Fab expo underway in Margao Panaji : Silk-Cotton Fab exhibition-cum-sale is underway  at Ravindra Bhavan, Margao, and it will conclude on December 15. The exhibition is open between 10.30 am and 9.30 pm, says a press note issued here. On the display are silk and cotton sarees, suits, dress material, dupattas, fashion jewellery, kurtas, kurties, home décor besides Orissa- …

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I-T dept tax refunds up at Rs 1.57 lakh cr: Revenue Secy

New Delhi: The Income Tax Department has issued tax refunds of Rs 1.57 lakh crore till December 11, Revenue Secretary Ajay Bhushan Pandey said on Friday. Pandey said at a press meet which was held for showing the report card of the government initiated measures that tax refund cases have gone up by 17 per cent to 2.16 crore. He …

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Govt rules out BSNL, MTNL disinvestment

New Delhi: The government on Thursday ruled out any plans to sell stake or disinvestment of ailing telecom PSUs — Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL) in the Parliament while fixing a target of Rs 200 crore and Rs 300 crore for them from their asset monetisation in current fiscal. While the specific assets to …

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Tech Mahindra bags Rs 500cr smart city project in Pune

Pune: IT major Tech Mahindra on Thursday said it has won a Rs 500 crore smart city project from Pune’s Pimpri Chinchwad Municipal Corporation (PCMC). Through this project, Tech Mahindra will engage with more than 15 lakh citizens of PCMC by enabling technology-led transformation to convert it into a smart and sustainable city. “As part of our citizen and civil …

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Energy efficient broad gauge Vande Bharat train weighs less

Chennai: India’s own semi-high speed train Vande Bharat or Train 18 is highly energy efficient and also weighs less contrary to some reports, said sources in the Indian Railways. “As per simulations made at Integral Coach Factory (ICF) where Vande Bharat or Train 18 was made, the specific energy consumption (SEC) of gross ton km was 15.4 kWh lesser than …

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‘Low-cost housing, office spaces subdued 2019’

New Delhi: The Indian economy has been through a severe and a prolonged slowdown in 2019 and real estate remained a key element in it. However, according to an Anarock report affordable housing and commercial office spaces remained in demand compared to the other realty segments during the year. “Affordable housing remained upbeat in 2019 thanks to multiple government sops …

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