Finance Minister Arun Jaitley will make a major announcement on Tuesday evening, possibly in connection with the recapitalisation plans for public sector banks, sources have told CNBC-TV18. At a press conference scheduled for 4pm, the minister is likely to decide the plan for increasing capital to the weak balance sheets of banks including United Bank of India, UCO bank, Corporation bank, Allahabad Bank, Indian Overseas Bank, …

Massachusetts Institute of Technology (MIT) and IBM on Thursday announced a new joint collaboration for research in the field of Artificial Intelligence (AI). The new MIT-IBM Watson AI Lab will support joint research by IBM and MIT scientists. IBM is planning to spend $240 million over the next decade to create the artificial intelligence research lab at MIT. Its mission …

The National Council for Teacher Education (NCTE) will start grading B.Ed colleges and teacher training institutes in the country from July 10, starting with Bihar. According to Dr. A. Santhosh Mathew, chairperson of NCTE, each institution will be classified into four categories: A, B, C and D. Those falling in category D will be asked to close down while category …

All eyes were set on the sky as young minds gave wings to their dreams and skills at La Martiniere College ground in Lucknow on Thursday. After learning how to make and control unmanned aerial vehicles (UAVs) during a 20-day summer camp, 30 children in the age group of 6-16 years demonstrated their drone-flying skills on the concluding day of …

The sirens are usually used to warn of extreme weather events such as tornadoes. “All 156 sirens in the city were activated last night – it does appear at this time that it was a hack,” a spokeswoman for the city told reporters. The noise “woke up a lot of people”, she added. The sirens were activated at 23:42 local …

Turkey will release some 38,000 prisoners under a penal reform announced on Wednesday as the arrests of tens of thousands of people suspected of links to last month’s attempted coup burden overstretched jails. The reform, extending an existing probation scheme, was one of a series of measures outlined on Wednesday in two new decrees under a state of emergency declared …

Britain’s economy is shrinking at its fastest rate since the financial crisis after last month’s Brexit vote, making a Bank of England rate cut on Thursday a “foregone conclusion”, a closely watched survey of businesses showed. Financial data company Markit said its monthly all-sector Purchasing Managers’ Index chalked up the steepest month-on-month decline on record after big falls in activity …

Since its inception just two months ago, the International Alumni Job Network already has 10,000 alumni engaged and it is on track to reach 100,000 by the end of the year. The network is tailored for Asian alumni who have graduated from universities in Australia, Canada, the UK and the US, who can browse the online jobs board and look …

Hundreds of students and locals from across Wales’ capital are to hold a candlelit vigil outside Cardiff University’s main building to show “solidarity against terrorism.” Supported by 13 of the institution’s student societies, the event’s organisers have said the vigil will pay tribute and remembrance to all the victims of recent terrorist attacks which have occurred in countries across the …

Seatrade Cruise Global has announced the 2016 Conference program details which will offer attendees a comprehensive roster of panel discussions and workshops featuring experts, leaders and thought-makers. Registration is open to attendees at a reduced rate through the Early Bird Discount available until 31 January 2016. “As the cruise industry’s premier global event, we are excited to share the first …