Tag: hits

Weak retail growth worry hits Bajaj Finance

Loknath Das

Bajaj Finance stock fell 4% today post the announcement of its first quarter results, for the period ended June 2019. In all, the stock has lost 12% in the last two months as the slowdown in consumption has begun to show in the company’s performance. Bajaj Finance, the country’s most valuable lender, said in its investor presentation that credit disbursals fell 15%-18% during the quarter as the company tightened lending norms in several categories that contribute to more than two-thirds of its business. The new norms have affected both urban…

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Downsizing hits legal education

Loknath Das

For nearly a century and a half, Valparaiso University in northwestern Indiana has been training Midwestern lawyers. As recently as five years ago, the law school was aggressively recruiting incoming students with a promotional video on its website saying: “Since 1879 we’ve been generating lawyers to leadership and to service. Here, we teach law both as a science and as an art.” But soon the school won’t be teaching law to anyone. Dial up the admissions office and a recording plays: “Valparaiso University Law School is no longer accepting applicants. This number…

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EVGA’s GeForce RTX 2080 Ti Black Edition graphics card hits the fabled $999 price point

Loknath Das

When Nvidia announced the GeForce RTX 2080 Ti at Gamescom, it said that models starting at $999 would be available. But in reality, all the custom models available since launch meet or exceed the Nvidia GeForce RTX 2080 Ti Founders Edition’s hefty $1,200 price point. Asus announced the $999 RTX 2080 Ti Turbo with a blower-style fan, but we’ve never actually seen it available despite being listed on Newegg. A new EVGA offering promises to finally bring big Turing below $1,000. As first noticed by Hot Hardware, EVGA has listed…

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Aston Martin DB11 Volante hits the Nurburgring

Loknath Das

Aston Martin is readying the drop-top version of its flagship, the DB11. As the naming strategy of the British marque goes, it is christened as DB11 Volante. The soft-top version of the DB11 is slated to debut next year. Ahead of that, our spy sleuths have caught the convertible hitting the Nurburgring on camera. The test mule of the DB11 Volante was spotted undergoing cold weather testing in the winters of Lapland a few months back. Compared to that, the prototype wears white exterior paint this time with grey cloth…

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Trumplomacy hits Russian wall

Loknath Das

Reminder: that’s when lawmakers questioned whether Rex Tillerson’s history of doing business deals with Russia would make him too cosy with the Kremlin to represent US interests as America’s top diplomat. Fast forward to Mr Tillerson’s reception on Wednesday by his Russian counterpart, Sergei Lavrov. Mr Lavrov levelled a litany of complaints about the “extremely ambiguous and contradictory” policy talk in Washington and “unlawful” US strikes in Syria. Then he twisted the knife a bit, pointedly noting that many key State Department posts have yet to be filled by the…

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Sugar mills shut early as drought hits cane crop – trade body

subhadip

More than two dozen mills in India’s top sugar producing Maharashtra state have stopped crushing due to cane shortage while many more mills are likely to shut before February end, a producers’ body said on Tuesday. Sugar mills in Maharashtra typically operate between November to April, but this year cane supplies have fallen due to back-to-back droughts. Out of 147 sugar mills that started operations this year, 25 mills have stopped crushing as on Dec. 31, Indian Sugar Mills Association said in a statement. The country produced 8.09 million tonnes…

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Second deadly quake hits southern Japan, rescuers race against time

subhadip

A powerful 7.3 magnitude earthquake struck southern Japan early on Saturday, killing at least 20 people, injuring more than 1,000 and trapping people in collapsed buildings, barely a day after a quake killed nine people in the same region. Rescuers dug through the rubble of collapsed buildings and mud and debris on Saturday to try and reach those trapped, but continued aftershocks hindered rescue efforts and fuelled fears of more powerful quakes. “Nothing is more important than human life and it’s a race against time,” said Prime Minister Shinzo Abe,…

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