News Update_01st November,2017

Pro-ISIS chat groups celebrate New York City terror attack with morbid posters

Soon after a truck mowed down and killed eight people in New York City, pro-ISIS channels on Telegram began celebrating the terrorist attack. A rented pickup truck mowed down pedestrians and cyclists in the United States of America’s financial capitalĀ New York City on Tuesday, killing at least eight people and injuring another 11.

Source India today

What India did right to rise up in World Bank Ease of Doing Business rankings

India may have lost the fastest growing economy status to China but ‘modinomics’ has helped India wrest the status of a faster improving economy from China, as far as the ease of doing business is concerned. In a 190 country race, India crossed a threshold by jumping 30 spots to reach the 100 rank in the latest Ease of Doing Business World Bank report 2018 compared to last year on Tuesday.

Source India Today

Singapore’s Foreign Minister Vivian Balakrishnan endorses PM Narendra Modi’s demonetisation

On his two-day visit to India, Singapore’s Foreign Minister Dr. Vivian Balakrishnan focussed on boosting economic ties between the two nations.Speaking at a CII (Confederation of Indian Industry) symposium on ‘India, Singapore & ASEAN: Shared History, Common Future’ on Tuesday, the minister praised Prime Minister Modi’s move to make India a cashless economy and to make transactions transparent in order to fight corruption.

Source India Today

Nifty Hits 10,400 For First Time, Banks Lead Charge On D-Street

India Stock markets hit new highs, lifted by positive sentiment after India broke into top 100 in World Bank’s ease of doing business rankings. A rally in global markets also boosted the sentiment. The Sensex moved up by around 250 points to near 33,500 while Nifty hit 10,400 for the first time. Banks led the charge today, with the Nifty Bank index up 1.2 per cent. SBI, ICICI Bank and Yes Bank rose over 1.3 per cent. Bharti Airtel, which announced its Q2 earnings yesterday, was the top gainer, rising over 3 per cent.

Source India Today

Exxon To Pay $300 Million To Resolve U.S. Pollution Cases

EXXonMobil Corp. agreed to pay more than $300 million to resolve air pollution violations tied to eight chemical plants in Texas and Louisiana, one of a pair of environmental settlements with oil companies announced by the Trump administration on Tuesday.Separately, Denver-based PDC Energy Inc. agreed to pay $22.2 million after storage tanks were found to be leaking smog-forming compounds.

Source IndiaToday