The White House believes China will use its platform in the UK to spy on Washington. Photograph: Mark Schiefelbein/AP As the UK government prepares to decide whether or not to allow Huawei to be involved in setting up a key portion of the nation’s infrastructure, US officials have issued a stark warning that allowing the Chinese firm a role would put transatlantic intelligence sharing at risk. Why are the Americans so concerned? To put it bluntly, the White House believes the Chinese state will use Huawei to help it spy. Officials in Washington believe…
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Indiabulls Housing Finance share price falls 38% on concerns over merger with Lakshmi Vilas Bank
The share price of Indiabulls Housing Finance Ltd (IBHFL) crashed nearly 38% intraday to hit a fresh 52-week low today after Reserve Bank of India put private sector lender Lakshmi Vilas Bank under its prompt corrective action (PCA) plan. The development places the prospects of their prolonged merger into jeopardy. Indiabulls Housing Finance stock opened today with a loss of 6.79% to Rs 363, also its day’s high. Later, the stock crashed 37.8% and touched an intraday low as well as fresh 52-week low of Rs 240.10, against the last…
Read MoreMove over, Marie Kondo. It’s travel that sparks joy
Reducing clutter is the theme of the Netflix program “Tidying Up with Marie Kondo,” which recently brought the host’s minimalist philosophy to reality TV. She demonstrates how to fold T-shirts and, to make decluttering decisions easier, she’ll ask the untidy people she visits to consider, item by item, whether an object sparks joy within them. If not, it’s sent on its merry way to Goodwill. I suspect thrift stores are receiving ample supplies of “What was I thinking?” souvenirs from Kondo’s devoted viewers. But other aspects of travel are not…
Read MoreDuped With Tourist Over Work Visas, 14 Indians Stranded In Saudi Arabia
Twelve of the 14 stranded in Saudi Arabia are lodged in the jails of the nation (Representational) Shimla: Fourteen Indians are stranded in Saudi Arabia with most of them in the country’s jails after two local travel agents allegedly sent them to work in the Middle East nation on tourist visas, police said. Now, their tourist visa has expired and they do not have work visas, they added. Of the 14 people stranded in Saudi Arabia, 12 hail from Himachal Pradesh’s Mandi district while two are from Punjab. Twelve of…
Read MoreApple’s $539 Million in Damages Is a ‘Big Win’ Over Samsung
HIGHLIGHTS The global patent battle started seven years ago Samsung infringed three of Apple’s design patents The case has always been about more than money: Apple Apple won $539 million (roughly Rs. 3,700 crores) from Samsung Electronics Co. in the final throes of the companies’ US court struggle over smartphone technology, seven years after the start of a global patent battle. Apple sought about $1 billion (roughly Rs. 6,800 crores) in a retrial of a case that originally produced a verdict of that amount in 2012, while Samsung argued it should pay only $28 million…
Read MoreIndian Railways receives over 2 crore applications for one lakh openings
The railways on Monday said it has received over two crore applications for about one lakh vacancies, with five days still remaining for the online registration to end. The online exam will be held for about 90,000 posts in group C and group D and for 9,500 openings in the Railway Protection Force. “Till date, over 2 crore candidates have applied for the posts and the number will rise further as five more days remain before the deadline comes to an end,” said a Railway Ministry official. For assistant loco…
Read MoreTSA braces for record travel over Thanksgiving
The Transportation Security Administration (TSA) is bracing for a record number of passengers over the Thanksgiving travel period. The agency estimates that it will screen over 24 million passengers and crew at airport checkpoints around the country this holiday season, which started last Friday and lasts through Monday. That’s a 5 percent increase from last year. The busiest travel day will be on Sunday, when around 2.6 million people will trickle through the nation’s airports, making it one of the top five busiest days in TSA’s history.The TSA also said…
Read MoreMove over Disney, Mexico plans $840 million Mayan theme park
Mexican President Enrique Pena Nieto announced plans Monday for an $840 million Mayan theme park on the Caribbean coast to rival the major theme parks in the United States. The park, dubbed Amikoo – or ‘friend’ in the Mayan language – will have rides and characters based on Mayan mythology and be built in two phases in the so-called Riviera Maya, a stretch of pristine beaches on Mexico’s southeastern coast. “We’re going to compete with other (parks) up there (in the United States), and I’m sure ours will be better,”…
Read MoreNGT, HC pull up civic bodies over defacement, use of paper in DUSU polls
The Delhi High Court and National Green Tribunal (NGT) turned up the heat on the city’s civic bodies on Tuesday over the upcoming Delhi University Student Union (DUSU) polls. The Delhi High Court sought responses of the city police and civic bodies on a plea seeking ban on defacement of public properties by DUSU candidates while the NGT rapped authorities over the blatant use of paper in poll campaign. Issuing notice to the Delhi University on the issue, a bench headed by NGT chairperson Justice Swatanter Kumar also sought the…
Read MoreDU student union polls: AISA targets ABVP over ‘campus violence’
With Delhi University students set to go to the polls on September 12, to elect their next student representatives, the Akhil Bharatiya Vidyarthi Parishad (ABVP) and All India Students Association (AISA) released their election manifesto on Tuesday. Congress’ student wing, the National Students Union of India (NSUI), had released their manifesto ahead of the others earlier last month. With all three manifestos in, the run-up to the elections has gained momentum. Here is a look at how the three manifestoes address different campus issues: BEYOND ACCOMMODATION, TRANSPORT All three seem to…
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