Trump to join PM Modi in Houston's 'Howdy, Modi!' event on Sep 22 : Bulletin: Business Today
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Trump to join PM Modi in Houston's 'Howdy, Modi!' event on Sep 22

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September 16, 2019

NASA lunar probe to fly over landing site on Tuesday; new info on lander Vikram likely

A National Aeronautics and Space Administration (NASA) probe will fly over the landing site of lander Vikram on the Moon on Tuesday, September 17. As it flies over the landing site, new information on Vikram lander is expected to emerge. Meanwhile Indian Space Research Organisation (ISRO) has been trying to establish contact with the lander since all communications snapped moments before the scheduled landing on September 7.
 
Supreme Court to hear pleas on Article 370, curbs in J&K on Monday

The Supreme Court is scheduled to hear on Monday pleas challenging abrogation of provisions of Article 370-which gave special status to Jammu and Kashmir, validity of imposition of President's rule and the related restrictions imposed in the state. A bench will be hearing a bunch fresh petitions, including the one filed by former Jammu and Kashmir Chief Minister Ghulam Nabi Azad seeking permission to visit his family members and relatives.
 
Trump to join PM Modi in Houston's 'Howdy, Modi!' event on September 22, says White House

US President Donald Trump will join Prime Minister Narendra Modi at Houston's mega "Howdy, Modi!" event on September 22, the White House said on Sunday. Reflecting on the new bonhomie in the India-US ties under the Trump administration, this is for the first time in recent history that the leaders of the two largest democracies would be addressing a joint rally anywhere in the world.
 
SBI drops IPO plans for general insurance arm; SBI Card listing likely in Q4

State Bank of India (SBI), the country's largest lender, has scrapped its plan to list its general insurance arm on domestic bourses as there is no need for additional capital now, chairman Rajnish Kumar has reportedly said. Earlier, the public sector lender was looking for an initial public offering (IPO) for SBI General Insurance in FY20. A joint venture between SBI and Insurance Australia Group, SBI General Insurance was recently valued at over Rs 12,000 crore.
 
Air India posts net loss of Rs 8,400 crore in 2018-19, aims to turn operationally profitable in FY20

Cash-strapped Air India has reportedly posted a net loss of about Rs 8,400 crore in the financial year 2018-19, dented by higher operating cost and foreign exchange losses. The total revenues stood around Rs 26,400 crore during the year under review, senior officials told news agency PTI. The officials, however, expect that the debt-laden carrier to turn operationally profitable in 2019-20.
 
Facebook moots 'prospective' solution on WhatsApp issue; India stands firm on traceability

Facebook global executive Nick Clegg has proposed a "prospective" mechanism for WhatsApp to act on cases flagged by law enforcement agencies, but the government has refused to budge on its demand for traceability of messages. The issue of traceability has been a flashpoint between the government and WhatsApp, and the Facebook-owned messaging platform has so far resisted India's demand for identification of message originators, arguing that doing so would undermine its policy on privacy and end-to-end encryption.

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