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To infinity and beyond! China wants to build the first power station in space

China’s space ambitions are shifting into a higher orbit.




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As trade war looms, EU sets limits on Palm Oil in Biofuels

The biggest palm oil producers stepped up lobbying in Brussels to defend its future in the European market.




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Boeing’s 737 Max problem puts company in turbulence; $600 billion in orders at risk

Indonesia’s Lion Air firms up moves to drop a $22 billion order for the 737 in favour of the Airbus jet, according to a person with knowledge of the plan.




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Hong Kong leader suspends extradition bill after protests

The extradition bill, which would cover Hong Kong’s 7 million residents as well as foreign and Chinese nationals in the city, was seen by many as a threat to the rule of law in the former British colony.




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Moody’s takes rating action on three NBFCs

The data from Bloomberg show that total borrowings (short term and long term) of Muthoot Finance were Rs 29,346.4 crore as of FY19.




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‘Bandhan Bank does not foresee much hiccups in microfinance collections once lockdown lifted’

Loans and advances grew 60% year-on-year during 2019-20, from Rs 44,776 crore in March 31, 2019. Its total deposits grew 32% y-o-y to Rs 57,073 crore during the fiscal ended March, 2020. The bank had total deposits of Rs 43,232 crore as at end of March 2019.




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Banking, insurance operations to continue during extended lockdown: Govt

Direct Benefit Transfer (DBT) to the poor and vulnerable section of society, hit hard by the coronavirus outbreak and the consequent lockdown, is providing financial support for sustaining during these difficult times.




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Despite zero MDR, RuPay transactions start slipping

According to the Pradhan Mantri Jan Dhan Yojana (PMJDY) website, the total number of RuPay cards issued so far stands at over 290 million.




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Microfinance industry hopes IBA meet to lead to ‘in-principle decision’ on loan moratorium to MFIs

Notably, following RBI's announcement on allowing a moratorium on term loans for March 1 to May 31, most of the MFIs have extended a moratorium to their borrowers till May 31.




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Moratorium: 10 per cent provisioning may shave Rs 35,000 crore off bank profits

The new provisioning requirement has to be made for the March and June 2020 quarters and this will impact their profitability in 2019-20 and 2020-21.




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Cash loses, digital transactions win: More people go online to transfer money in March: RBI data

Digital transactions have gained new heights in the month of March as India announced a lockdown due to coronavirus. The total value of Real Time Gross Settlement (RTGS) transactions also witnessed a spike.




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Kotak Mahindra Bank may raise Rs 8,000 crore via equity dilution

Market is viewing the fund-raising announcement in a positive light as the lender’s move to build up capital reserves is being seen as a sensible move at a time of uncertainty.




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No penal interest on farm loan dues in moratorium; RBI extends interest subvention benefit to farmers

RBI said that the farmers do not have to pay penal interest and at the same time they will continue getting the benefits of the interest subvention scheme. 




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COVID-19 effect: Most applied for moratorium out of caution, not stress, says HDFC Bank

The percentage of applicants is in low single digit as a share of the loan book, the bank said, but this could go up as it has not put a deadline or a cut-off for people to apply.




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April 23 Auction: PSL breather for TLTRO 2.0

Vydianathan Ramaswamy, director, ratings at Brickwork Ratings, said that the extension of deployment period to 45 days gives banks a better lead time to lend to a wider set of non-banks.




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Yes Bank scam: Wadhawan brothers seek protection from arrest

The Wadhawan brothers are accused in the YES Bank-DHFL fraud cases. The DHFL (Dewan Housing Finance Limited) group has a loan amount of about Rs 3,700 crore taken from Yes Bank that is under "stress".




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Sidbi seeks bank, NBFC applications for availing RBI’s special liquidity facility

The tenor of Sidbi’s lending to financial institutions will be 90 days. MSMEs have been cash-starved for a few years and the lockdown to control the spread of Covid-19 is a body blow to their revenues.




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Bank of Baroda to raise Rs 13,500 crore additional capital

The remaining Rs 4,500 crore will be raised by way of additional Tier-1 and Tier-2 capital instruments with an inter-changeability option, the bank said in the release.




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Union Bank plans to lower stake in IndiaFirst Life to less than 10 per cent

Union Bank received the stake after Andhra Bank was merged with the Mumbai-based lender, effective April 1.




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Lockdown effect: Micro ATM transactions double to 1.13 crore per day

The development also shows the government's push for digital technology has enabled people to access banking services even when the pandemic spread its tentacles.




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RBL Bank net profit falls 54% as provisions rise

The bank has provided moratorium to around a third of its customers, RBL Bank MD & CEO Vishwavir Ahuja said in a conference call after results.




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SBI Card Q4 net plunges 66% to Rs 84 crore on COVID-19 provisions, rise in expenses

On the COVID-19 pandemic, SBI Card said globally, countries and businesses are under lockdown and there is a high level of uncertainty about the duration of the lockdown and the time required for things to get normal. 




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Golden Chariot is Now Available for Charter at $70000 (3.5 Million INR)

Karnataka Tourism’s flagship luxury train, the Golden Chariot is now available for charter at only $70000 (Rs. 3,500,000). The minister said: “Around 80 tourists can travel in the train per tour. By introducing the charter service, private individuals or organizations can have...



  • Thu
  • 25 Oct 2012 00:00:00

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Indian Luxury Trains Adds ‘Fairy Queen’ to its Portfolio

Indian Luxury Trains (ILT), India’s first luxury train portal, is all set to add the Fairy Queen  train, India’s oldest running steam locomotive, to its portfolio. The Fairy Queen train was jolted down last year following the vandalizing & stealing of the brass parts of this...



  • Fri
  • 21 Dec 2012 00:00:00

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The Golden Chariot to include Andhra Pradesh in the Newly Proposed Itinerary

If sources are to be believed, the Golden Chariot, a luxury train operating in South Indian states of Karnataka and Tamil Nadu, will soon revamp its itinerary to include destination in Andhra Pradesh. This move is meant to promote tourism in Andhra Pradesh as well as to make the train more...



  • Wed
  • 13 Feb 2013 00:00:00

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Humans in India survived Toba supervolcano eruption; Here’s how 74,000 year-old event developed Homo Sapiens

Some schools of thought suggest that the eruption pushed Earth into volcanic winter that lasted as long as six years and the planet Earth had to endure a longish cooling period of a thousand years.




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Trade and commerce in Sindhu-Saraswati civilisation: Know about the Srenis or guilds of ancient India

Since our FM mentioned the Sindhu-Saraswati civilisation or the Harappan culture, it is prudent that we start our journey from there.




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Coronavirus silverlining! NASA images show drop in China’s air pollution after lockdown

In a preliminary analysis, NASA researchers compared NO2 values detected by OMI in 2020 with the average amounts detected at this time of year from 2005-2019.




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National Chambal sanctuary, home of gharials and Gangetic dolphins, declared eco-sensitive zone

Gangetic dolphins, gharial and freshwater turtles are among the major species found in the region. More than 75 per cent of the critically endangered Gharial population is based in the sanctuary.




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ISRO’s Young Scientist Programme: Registrations see 2 fold increase post PM Modi’s Mann ki Baat mention

The number of registrations before PM Modi's mention was hovering at only 74,000 which jumped to 1,53,000 after PM's mention.




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Energy Conservation: Govt to star rate deep freezers and light commercial ACs

BEE will start rating deep freezers and light commercial air conditioners as well from now onwards. The star rating programme was launched on the 19th foundation ceremony of the BEE.




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Gaganyaan: DRDO to provide special space food and emergency survival kit for ISRO’s manned mission

ISRO is already working on a Humanoid prototype (with a female form)for the Gaganyaan missions, which is expected to be sent out on a mission next year to test it out before actually sending humans in space.




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ISRO’s Chandrayaan-3 launch schedule revealed, Gaganyaan mission on track

The Union Minister also said that the upgraded configuration in Chandrayaan-3 will make the spacecraft more robust in terms of design and it will also have an enhanced spacecraft capacity without compromising with the heritage of Chandrayaan-2.




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NASA records highest resolution pictures of Mars! Check out 360-degree panorama captured by Curiosity rover

Curiosity's project scientist at NASA's Jet Propulsion Laboratory Ashwin Vasavada said that it is the first time that NASA has dedicated its operations to capture a 360-degree panorama.




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Scientists observe half billion-year-old ‘social network’ in early animals

Since rangeomorphs could not move and are preserved where they lived, it is possible to analyse whole populations from the fossil record.




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Elon Musk powers NASA! SpaceX spacecraft Dragon carries NASA cargo to International Space Station

Ever since Dragon became the first private spacecraft to visit the ISS in 2012, it had spent 520 days at the International Space Station




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Delhi weather update: Light rains predicted in national capital

The weatherman has predicted a cloudy afternoon with possibility of thunderstorm and gusty winds accompanied by light rains in parts of Delhi.




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Moon’s own ‘big bang’? Study reveals story behind formation of Earth’s moon, mysterious ‘Theia’ role in it

Have you ever wondered why the moon is always there next to Earth? How did it come into existence and what is its relation to the Earth?




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Coronavirus: How is NASA dealing with COVID-19? Here’s the space agency’s action plan

Coronavirus: A week ago, an employee at the NASA’s Ames Research Centre in California was tested positive for the virus.




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Coronavirus hits moon mission: NASA suspends work on Moon rocket

The space agency is shutting down its Michoud Assembly Facility in New Orleans, where the Space Launch System rocket is being built, and the nearby Stennis Space Center, administrator Jim Bridenstine said late Thursday.




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Delhi weather: National capital sees dip in pollution, minimum temperature settles at 16.4 degrees Celsius

According to the Central Pollution Control Board (CPCB) data, the city's overall air quality index at 9 am stood at 112, which falls in the 'moderate' category.




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Delhi targets 66% reduction in air pollution in 5 years; sets aside Rs 30 cr for smog towers

"Green Citizen Awards" will also be instituted to encourage citizens to contribute to environment protection and preservation work, Deputy Chief Minister Manish Sisodia said while presenting the budget in Delhi Assembly.




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Coronavirus test results in minutes? Scientists question accuracy

The tests could reveal the true extent of the outbreak and help separate the healthy from the sick. But some scientists have challenged their accuracy.




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Coronavirus lockdown: India breathes easy as over 90 cities record minimal air pollution

India is currently under the biggest lockdown with around 130 crore people asked to stay home in view of the coronavirus outbreak, which has claimed 19 lives and infected over 900 people in the country.




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Clear sky during coronavirus lockdown can help you spot International Space Station! Here’s how

The International Space Station which came into existence in 1998 has been in space for more than 15 years and orbits our planet sixteen times in a day.




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Air quality improves in India amid coronavirus lockdown, says Central Pollution Control Board

The nationwide 'Janta Curfew' on March 22 and the 21-day lockdown imposed since March 24 to combat the coronavirus outbreak have resulted in a significant improvement in air quality.




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Space jam! Over 12,000 aspiring astronauts apply for NASA’s Moon, Mars mission! Check details

A total of 12,000 applicants applied to become astronauts at the National Aeronautics and Space Administration (NASA).




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Coronavirus Lockdown: After improvement in air quality, scientists record drop in seismic vibrations under Earth surface

The report claims that the development could help seismologists detect earthquakes of even very small magnitude, signals of which were earlier drowned in the cacophony produced by various activities.




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China to launch communications satellite named after Wuhan

Despite its proximity to the epicentre of the novel coronavirus pandemic, the company staff worked hard to ensure the success of the mission, state-run Xinhua news agency reported.




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Kolkata air quality deteriorates after people burst crackers in response to 9 pm-9min call

An official at the West Bengal Pollution Control Board (WBPCB) said air quality index (AQI) hovered between 100 and 150 (particulate matter 2.5) in Kolkata -- a spike from 'satisfactory' to 'moderate' level, amid the lockdown.