View: RBI’s proposal to allow business houses into banking is fraught with risk for system

The proposal raises an important question: Why now? Have we learnt something that allows us to override all the prior cautions on allowing industrial houses into banking? We would argue no. Indeed, to the contrary, it’s even more important today to stick to the tried and tested limits on corporate involvement in banking….

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SpaceX successfully launches a Falcon 9 booster for a record seventh time

SpaceX has launched yet another Starlink mission, adding 60 more Starlink satellites to its low-Earth orbit constellation. That’s good news for its efforts to blanket the globe in high-speed broadband, and today’s flight is even better news for its equally important ambition of developing more reusable rocket systems, since the first-stage booster that helped launch […] …

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US doesn’t want guarded border on Ireland – Biden

The president-elect has previously said Brexit must not endanger the Good Friday Agreement. …

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Watch: Strange metal tower found in Utah desert

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Oil takes breather after vaccine rally as stockpiles rise

West Texas Intermediate crude was down 14 cents, or 0.3%, at $44.77 a barrel by 0035 GMT, after rising more than 4% on Tuesday. Brent crude was yet to trade, having risen almost 4% in the previous session. …

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Nifty could hit 13,150-13,200 in the coming sessions: HDFC Securities

Nifty50 index also remains above the 20-day SMA and has now closed at a new life time high after clearing the recent highs of 12,963 …

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Bureau of Indian Standards to bring service norms for e-commerce companies, aggregators

NEW DELHI: The Bureau of Indian Standards (BIS) is in the process of setting standards for services provided by ecommerce companies and aggregators like Flipkart, Ola, AirBnB among others.The BIS, which lays down norms with regards to quality and safety of goods sold in the country, has been in discussion with various stakeholders to lay out standards for several issues ranging from standardisation of invoices and websites.It also plans to come out with certification for secure websites in order to curb the menace of fly-by-night operators in the digital commerce industry. “There are several fraudulent websites that fleece money from consumers…

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Post-Diwali sales drop leaves smartphone companies with mixed feelings

NEW DELHI: After record-breaking smartphone sales until Diwali, demand has slumped 20-25% on-month in November so far, retailers and experts said.A national retail store association said it was a Black Diwali this year, with sales falling over 50% on-year. Smartphone sales likely fell as much as 25% in November and may decline further in December, according to Counterpoint Technology Market Research. Month-on-month sales usually fall right after Diwali, but the downside this year could be sharper given that peak demand in the lead-up to the festival was the highest, analysts said.”September usually records the highest shipments as brands begin stocking up…

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Windrush generation: UK ‘unlawfully ignored’ immigration rules warnings

The treatment of people who came to the UK from the Caribbean added to historic injustices, a report says. …

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