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RBI asks HDFC Bank to submit proposal on two appts after new CEO takes over

RBI asks HDFC Bank to submit proposal on two appts after new CEO takes over

Finance
MUMBAI: The Reserve Bank of India has directed HDFC Bank to keep in abeyance the appointment of two directors from among its executives saying that the choice of candidates should be left to the incoming chief executive. The bank had proposed the appointment of Sashdhar Jagdishan as an additional director and Bhavesh Zaveri as Executive Director. The two will however continue as additional directors till the shareholders meet the date for which is yet to be fixed. The Reserve Bank of India has said, ``since these are important positions in the Bank, the Bank is advised to examine and submit the proposal after a new MD and CEO assumes charge later this year,’’ the bank said in a filing. Jagdishan, whom the bank termed a `Change Agent’ is in the reckoning to succeed Puri as the CEO. Zaveri,
Flower power: How plants bounce back after crushing blows

Flower power: How plants bounce back after crushing blows

Science
Some flowers can recover with remarkable speed after a major accident, such as being walked upon by humans.Scientists found that species including orchid and sweet pea could re-orient themselves in 10-48 hours after an injuryThese plants are able to bend, twist and reposition their stems to ensure that they reproduce. But others such as buttercups fail to bounce back after damage.The remarkable abilities of some flowers to recover quickly from serious injury, have been previously overlooked by science, say the authors of this new work. Researchers looked at 23 native and cultivated flower species in the UK, Europe, Australia and North and South America. They examined spe...
Stock futures point to flat open after a volatile session for markets

Stock futures point to flat open after a volatile session for markets

Finance
U.S. stock futures in early morning trade pointed to a largely unchanged open on Wednesday, continuing a volatile week for stocks gripped by the coronavirus shutdown.At around 4:20 a.m. ET, Dow futures were 41 points higher, indicating an implied opening drop of about 11 points on Wednesday. S&P 500 and Nasdaq futures also pointed to a largely flat open.On Tuesday, the Dow Jones Industrial Average fell 26 points or 0.1%, giving up a 900-point surge earlier in the day. The S&P 500 also registered a slight decline, falling 0.2%, having been up more than 3%. The Nasdaq Composite closed the day down 0.3% following a 3% rally."As [Tuesday's] stock market shows, volatility is likely to remain for some time," said Jim Paulsen, chief investment strategist at the Leuthold Group. Some i...
Coronavirus: YouTube tightens rules after David Icke 5G interview

Coronavirus: YouTube tightens rules after David Icke 5G interview

Technology
YouTube has banned all conspiracy theory videos falsely linking coronavirus symptoms to 5G networks.The Google-owned service will now delete videos violating the policy. It had previously limited itself to reducing the frequency it recommended them in its Up Next section.The move follows a live-streamed interview with conspiracy theorist David Icke on Monday, in which he had linked the technology to the pandemic.YouTube said the video would be wiped.During the interview, Mr Icke falsely claimed there "is a link between 5G and this health crisis". And when asked for his reaction to reports of 5G masts being set on fire in England and Northern Ireland, he responded: "If 5G continues and reaches where they want to take it, human lif...
‘Heroic city’ Wuhan ends lockdown with party 11 weeks after it was epicentre

‘Heroic city’ Wuhan ends lockdown with party 11 weeks after it was epicentre

World
China has ended coronavirus lockdown measures in Wuhan - 11 weeks after it became the epicentre of what has since developed into a global crisis.Authorities have begun allowing its 11 million residents to travel in and out of the sprawling city where the pandemic began without special authorisation. Under new rules that came into force as of midnight on Wednesday, people are allowed to enter and leave on the condition a mandatory smartphone application powered by a mix of data-tracking and government surveillance shows they are healthy and have not been in recent contact with anyone infected. A light show on either side of the Yangtze river marked the occasion, with skyscrapers and bridges radiating animated images of health workers heeling patients.One bears the ...