Miscellany

Miscellany

Out on WhatsApp: Prescient messages about Indian firms

Three days before Dr. Reddy’s Laboratories announced quarterly results this summer, a message circulated on a private WhatsApp group saying the drugmaker would not post good numbers.

Dr. Reddy’s was going to report a loss, according to the message on the “Market Chatter” group, which was posted on July 24 from a mobile phone number that Reuters traced back to Nishant Vass, an auto analyst at leading retail stock broker firm ICICI Securities. The WhatsApp group had 45 members, mostly traders.

Forensic audit of 100 developers in Noida

The Noida Authority has appointed Currie & Brown, an international agency, to audit accounts of 100 developers who have not delivered homebuyers their flats and stopped construction claiming no money amid allegation of diversion of funds collected from buyers.

Currie & Brown will audit 36,000 units in first phase and complete it in 45 days. It will have 6 teams, with each auditing about 6000 units. The authority has selected 12 builders like Logix, Supertech and  Aims Gardenia for audit in the first phase.

Pollution in tier II cities not on the radar

In Moradabad fumes from burning electronic waste blend with seasonal smog to create an even deadlier mix of pollutants than in Delhi, where filthy air has caused public outcry and made global headlines.

India's smog crisis has centred on the capital but pollution is as bad or worse beyond its borders, in smaller cities like Moradabad.

Yet few appeared fazed at their city's degraded environment despite the metallic taste hanging in the air.

Karnataka to announce 10-year road map for IT

The tech flag bearer of the country, Bangalore/ Karnataka, will roll-out a 10-year business, technology and innovation road-map meant for the entire country, said Karnataka IT, BT and tourism minister, Priyank Kharge.

Bangalore is the technology and innovation capital of the country and it would announce a fresh mandate for next decade of growth of technology and evolution of innovation for Karnataka and for the rest of the country, said the minister.

Indians have gained 10 years of life expectancy since 1990

Indian population has gained nearly a decade of life expectancy since 1990, but with vast inequalities between states, ranging from 66.8 years in Uttar Pradesh to 78.7 years in Kerala for women, according to study published today in The Lancet Journal.

The study is the first comprehensive analysis of the health of India's 1.34 billion citizens - encompassing almost a fifth of the world's population.

Rosogolla gets geographical tag to end bitter rivalry

India has awarded a “geographical indications” tag to rosogolla, the king of Indian sweets, after a years-long battle between two neighboring states over the ownership rights.

Luscious rosogolla, or sweet cheese balls dripping with sugar syrup, have long been a favorite dessert across the Indian subcontinent and among the diaspora.

But two eastern states, West Bengal and Odisha, have been arguing over the origins of rosogolla, which means a ball of sweet. They consulted historians and produced old documents to support their claims.

India home to 2,45,000 dollar millionaires

India’s total household wealth stood at $5 trillion while the country is home to 2,45,000 millionaires, says a Credit Suisse report.

The number of ultra rich in the country is expected to reach 3,72,000 while the total household income is likely to grow by 7.5 per cent annually to touch $7.1 trillion by 2022, the report said.

Entrepreneurs outnumber slots at Ivanka’s summit

A US-backed entrepreneurship conference that president Donald Trump’s daughter, Ivanka Trump, is attending in India this month has been flooded with applications amid deepening ties between India and the United States.

Thousands of Indian entrepreneurs want to attend the three-day Global Entrepreneurship Summit (GES), to be held in Hyderabad from November 28, though organisers say they can accommodate only 400 from India and 800 from the US and the rest of the world.

Alibaba’s Rise Creates ten Billionaires

Jack Ma, who launched China’s largest e-commerce company two decades ago and rode it to a $47.6 billion fortune, turns out to have created billions of dollars of wealth for at least 10 others -- a total of almost $100 billion.

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