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Mutual funds managing more equity assets than insurers for the first time: ICRA report

Mutual funds managing more equity assets than insurers for the first time: ICRA report

Finance
For the first time, mutual funds have managed more money in equities than insurers in the month of October 2018, according to the data released by National Securities Depository Limited (NSDL). As per the data, equity assets managed by insurance companies came in at Rs 9.22 lakh crore as against Rs 9.32 lakh crore by mutual funds. Data released by Association of Mutual Funds in India (AMFI) showed that assets under management (AUM) of the mutual fund industry grew at 8.08% month-on-month (MoM) and 5.45% year-on-year (YoY) basis to Rs 24.03 lakh crore in November 2018. Equity AUM (including equity linked savings scheme), balanced funds and ETFs run by mutual funds stood at Rs 10.44 lakh crore in November 2018, up by 3.74% (MoM basis) and 8.92% (YoY basis). As per ICRA report, the mutual fun...
First manned Soyuz rocket since October accident takes off

First manned Soyuz rocket since October accident takes off

Technology
A Russian Soyuz rocket carrying astronauts bound for the International Space Station has taken off for the first time since a Soyuz rocket failed midair in October. American astronaut Anne McClain joined Canada’s David Saint-Jacques and Russia’s Oleg Kononenko aboard the rocket that launched from the Baikonur spaceport in the desert in central Kazakhstan on Monday. The launch had unusually high stakes following the accident in October, when a Soyuz suffered a malfunction around 2 minutes after take-off, forcing an American astronaut and Russian cosmonaut to eject about 30 miles above the earth’s surface. Following that accident, Russia’s space agency Roscomos suspended all manned Soyuz flights, cutting off the only way to get astronauts to the ISS. More tha...
Space Odyssey helps launch first 8K TV channel

Space Odyssey helps launch first 8K TV channel

Technology
Stanley Kubrick's 2001: A Space Odyssey will help launch the world's first super-high definition 8K television channel on Saturday.Japanese broadcaster NHK said it had asked Warner Bros to scan the original film negatives in 8K for its new channel.Super-high definition 8K pictures offer 16 times the resolution of HD TV.However, few people currently have the necessary television or equipment to receive the broadcasts.Super hi-visionNHK says it has been developing 8K, which it calls super-hi vision, since 1995.As well as improved picture resolution, broadcasts can include 24 channels of audio for immersive surround sound experiences.It is hoping to broadcast the Tokyo 2020 Olympic Games and Paralympic Games using the new format.Tel...
First leftist sworn in as Mexico's president in decades

First leftist sworn in as Mexico's president in decades

World
Dec. 1 (UPI) -- Andres Manuel López Obrador, 65, known as AMLO, was sworn in as Mexico's president Saturday. The 65-year-old starting his six-year term took 53 percent of the vote in a three-way race, allowing him to become the first leftist president since Mexico went from a one-party authoritarian state to a full democracy in 2000. López Obrador also became the first winning candidate to obtain more than half the country's vote when he won the election in July. He ran on a campaign that promised to stop corruption and reduce poverty. And his win was accompanied by his party also gaining a majority in Congress. He ran three times before securing the historic landslide presidential victory. "Today we don't only begin a new government, today we begin a change of our politica...
NASA rover sends first image after landing on Mars

NASA rover sends first image after landing on Mars

Technology
Despite enormous risks and a near 60% global record of failure, NASA has landed its InSight rover safely on the surface of Mars. After seven months and more than 300 million miles, the billion-dollar mission overcame its most challenging hurdle.InSight had a six-minute window in which to decelerate from just under 13,000mph to 5mph - landing entirely based on autonomous and pre-programmed systems.It withstood temperatures up to 2,700F (1,500C) - hot enough to melt steel - before deploying its parachute and 12 retro-rockets to gently touch down in an area known as Elysium Planitia. Image: The spacecraft - before it began its 300-million-mile trip InSight will need to wait for the dust from landing to settle before it ca...