Daily Newsletter | Sunday, February 12, 2017
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| India’s interceptor missile test a hit; two-layered shield possible |
| The “exo-atmospheric” (outside the earth’s atmosphere) interceptor missile tested on Saturday, also called the PDV (Prithvi defence vehicle), after all, directly hit the target missile at an altitude of 97km. The test began at 7.45am with the two-stage target missile, mimicking an enemy ballistic missile, being launched from a ship in the Bay of Bengal. |
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| Sasikala DA case: SC verdict unlikely on Monday |
| The much-awaited verdict in the disproportionate assets case, in which V K Sasikala is accused, is unlikely to be pronounced by the Supreme Court on Monday, prolonging the political uncertainty in Tamil Nadu. The SC cause list — which catalogues the court’s business for the day — does not mention the case for Monday. |
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| 4 MPs & education minister now in OPS camp |
| Tamil Nadu CM O Panneerselvam breached the inner fort of the V K Sasikala brigade on Saturday when school education minister K Pandiarajan, four Lok Sabha members — PR Sundaram, K Ashok Kumar, SP Sathyabhama and R Vanaroja — and MGR loyalists C Ponnaiyan and C Aranganayagam crossed over to his side. |
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| Snapdeal plans to cut 1,000 jobs |
| In February 2016, Snapdeal had put over 200 employees on a Performance Improvement Program and eventually let go of the additional staff. |
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| Infosys CEO Vishal Sikka safe for now, say fund managers |
| Vishal Sikka’s position as Infosys CEO appears to be safe for now with fund managers and insurance companies saying that there is no threat to his position, but they hope to see a resolution of differences between promoters and the management. |
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| Salary increments at IT companies may fall to 2% this year |
| In the technology industry, the career ladder isn’t the only important attribute disappearing too quickly: Additional digits on payslips may be the next to go as wage-growth at software companies increasingly moves in lockstep with recent investor re… |
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| Sebi to amend norms governing stock exchanges |
| Capital market regulator Sebi on Saturday said the norms governing stock exchanges and other market infrastructure institutions would be reviewed and amended after a public consultation process. Sebi said the consultative paper seeking public comments on this matter would be released in due course. |
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| Demonetisation took the fizz out, feels Coke |
| British-born James Quincey, who will succeed Muhtar Kent at Coca-Cola’s Atlanta corner office in May, told investors during an earnings-analysis call on Friday that “demonetisation in India effectively drained liquidity”, but would ultimately help companies in the organised sector. |
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| ‘Jolly LLB 2’ box-office collection Day 1 |
| Jolly LLB 2 box-office collection: The second installment of hit franchise ‘Jolly LLB 2’, starring Akshay Kumar and Huma Quereshi in the lead hit cinemas on February 10. |
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