NEW DELHI — An Indian court issued notices to the apex commodity and markets regulatory body, Securities and Exchange Board of India (SEBI), the Centre, and others, on July 14 on a plea seeking direction for standardized disclaimers for cryptocurrency ads. The plea in front of the Delhi High Court sought direction to take effective steps and issue appropriate guidelines against crypto exchanges advertising on national television without standardized disclaimers. A Delhi High Court bench of Justice D.N. Patel and Justice Jyoti Singh sought responses from the Ministry of Information and Broadcasting, Securities and Exchange Board of India, and crypto startups Wazir…
Author: zenger.news
NEW DELHI — India’s central bank, the Reserve Bank of India (RBI), banned payment network processor Mastercard from onboarding new domestic customers from July 22 over non-compliance with data localization norms. The Reserve Bank of India said the new order will not impact existing customers of Mastercard. The company cannot issue prepaid, debit, or credit cards to new customers from July 22. “Notwithstanding the lapse of considerable time and adequate opportunities being given, the entity has been found to be non-compliant with the directions on Storage of Payment System Data,” the Reserve Bank of India said in a statement on July 14.…
BENGALURU, India — India’s second-largest Information Technology company, Infosys, reported a 22.7 percent year-on-year jump in its first-quarter profit of INR 5,195 crore ($696.9 million) for the three months ended June 30 and posted its fastest revenue growth in a decade. The company’s consolidated revenue increased 16.9 percent on a constant currency basis to INR 27,896 crore ($3.74 billion) in the first quarter and raised its revenue forecast between 14 percent and 16 percent for fiscal year 2022. The company’s operating margin for the quarter stood at 23.7 percent, with Free Cash Flows growing by 15.2 percent year-over-year. Infosys also said that…
NEW DELHI — Russian Ambassador to India, Nikolay Kudashev, said on July 14 that the single-dose Sputnik Light Covid-19 vaccine is expected to launch soon in India. “Sputnik V being part of the Indian vaccination campaign is gradually increasing,” Kudashev said while talking about the outcomes of the Russian-Indian foreign ministers’ talks. “The launch of the Sputnik Light vaccine is also expected soon,” he said at the event in Moscow. The announcement comes after India’s drug regulator refused to grant emergency-use authorization to the Russian-made vaccine earlier this month. The agency also ruled out the need to conduct a phase-3…
MUMBAI, India — Indian conglomerate Reliance Power approved the preferential issue of equity shares and warrants with an overwhelming majority through postal ballot. The allotment will happen for Reliance Infrastructure, a listed promoter company. Reliance Power will allot INR 59.5 crore ($7.9 million) equity shares and 73 crore warrants convertible into an equivalent number of equity shares of the company at a price of INR 10 ($0.13) each by conversion of debt, aggregating up to INR 1,325 crore ($177.9 million). Reliance Infrastructure is a leading engineering and construction firm, which also has a power distribution company in India’s capital city, Delhi. The company,…
A Swiss zoo has provided odor samples from over 30 animal species to help federal customs train sniffer dogs to tackle a growing trade of endangered animals. Zookeepers from the Zurich Zoo, located in the Swiss capital, collected the samples to help train the dogs to identify the animals and their body parts. The keepers took samples of the animals’ hair, feathers, scales, spine, skin and eggs, which will help experts from the Swiss federal customs administration (FCA) train special sniffer dogs to improve their detection skills. “Species protection is one of the basic tasks of a modern zoo. Supporting…
The biblical account of the destruction of Solomon’s Temple has been called into question after a missing section of the original fortification was found showing it was breached by the Babylonians, but not razed to the ground. Solomon’s Temple, also known as the First Temple, was built under King Solomon’s reign and completed in 957 B.C. A missing section of the fortification has been found in the City of David National Park in Jerusalem, casting doubts over the biblical narrative that it was torn down on every side. Two Kings 25:10 says: “The entire Chaldean [Babylonian] force that was with…
The eighth consecutive weekly drain on U.S. commercial crude oil inventories did little to support oil prices Wednesday as some demand concerns started to emerge, analysts told Zenger. The U.S. Energy Information Administration publishes weekly data on commercial inventories of crude oil, gasoline and other refined petroleum products. This week’s report was delayed by an hour, leading to some initial market confusion. The American Petroleum Institute, which issues its own estimates one day before the government’s energy agency, said that commercial crude oil inventories declined by approximately 4 million barrels during the week ending July 9. However, federal energy figures…
A Russian Sukhoi Su-27 fighter jet intercepted a U.S. reconnaissance plane over the Black Sea and escorted it away from the Russian border amid rising tensions between the two countries. It’s the second such incident in the region in as many days. The footage of the most recent encounter, on July 14, was posted on social media by the Russian Federation’s Ministry of Defense. The crew on board the Russian fighter identified the aerial target as a Boeing RC-135 strategic reconnaissance aircraft of the U.S. Air Force and escorted it over the Black Sea, according to the Russian ministry. The…
Green tea is an easy-to-prepare beverage obtained from an Asian herb widely available in the Americas. It is common in most Latin American and United States supermarkets. Green tea is popular because it has positive effects on the body and provides a comforting sensation whenever someone drinks it. “It is a powerful antioxidant, a mild stimulant. It improves the functioning of the brain. At the same time, it favors the combustion of fats and improves physical performance,” said Eduardo Meléndez, a nutrition graduate from the Anahuac University, Campus Xalapa, in Veracruz. “Other benefits that make tea attractive is that it…