US renews Iran sanctions, grants oil waivers to India, China
The United States snapped sanctions back in place on Monday to choke Iran's oil and shipping industries, while temporarily allowing top customers such as China and India to keep buying crude from the Islamic Republic. Having abandoned a 2015 Iran nuclear deal, U.S President Donald Trump is trying to cripple Iran's oil-dependent economy and force Tehran to quash not only its nuclear ambitions and ballistic missile program but also support for militant proxies in Syria, Yemen, Lebanon and other parts of the Middle East.
Jobs at KPMG! Business advisory firm to hire 9,000 employees in India
Global consultancy company firm KPMG is planning to hire around 8,000-9,000 people to expand its workforce in India. Around 10 per cent of those employees will be deployed on projects outside India, signalling the financial and business advisory company's shift on making India a global service delivery base. The company's latest plan hints at the changing scenario across the industry, wherein consulting companies like KPMG are being asked to implement solutions, instead of just guiding companies on implementing future strategies.
Facebook teams up with AFP to expand fact-checking programme in India
Social networking giant Facebook has teamed up with news agency Agence France-Presse (AFP), expanding third-party fact-checking programme in India, as it looks to combat the spread of "fake news" on its platform ahead of general elections in 2019. Facebook, which in April this year had partnered with BOOM, said the move will "bolster" its ongoing efforts to "clamp down on manipulated posts including photos and videos" on its platform.
UK MP calls idea of building Statue of Unity 'nonsense', says Britain should not give aid to India
A British MP criticised India's 182-metre Statue of Unity of Sardar Vallabhbhai Patel as "total nonsense". Conservative Party MP Peter Bone said, "To take 1.1billion pounds in aid from us and then at the same time spend 330 million pounds on a statue is a total nonsense and it is the sort of thing that drives people mad." Bone is referring to Britain's donation of over 1.17 billion pounds (over Rs 9,492 crore) to India as foreign aid in the course of over five years.
Gold glitters on Dhanteras festival; sales up 15%
Gold and silver sales are estimated to have risen at least 15 per cent on auspicious 'Dhanteras' Monday as consumers thronged jewellery shops for token buying, amid speculation that prices of yellow metal could increase sharply in the coming weeks, according to industry players. On Monday, gold prices stood at Rs 32,690 per 10 grams in the national capital, an increase of 6.5 per cent compared to Dhanteras in 2017 when the rates touched Rs 30,710 per 10 grams.What began as modest sales in the morning, picked up in the evening with big organised players like Kalyan Jewellers, Titan and PC Jewellers- that have national presence -witnessing better sales of both jewellery as well as coins. It was better both in volume and value terms compared to last Dhanteras, as per industry players.
Delhi pollution: Air quality dips sharply ahead of Diwali
Air quality in India's haze-hit north, including the capital, New Delhi, deteriorated sharply on Monday because of unfavourable weather and an increase in smoke from stubble burning in fields across the region. Levels of PM 2.5, tiny particulate matter that can reach deep into the lungs and cause major health problems, were above 400 in most parts of the capital, and in some places soared above 600.