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New Sebi multi cap norms revive interest in large & mid cap schemes

New Sebi multi cap norms revive interest in large & mid cap schemes

Finance
Large & mid cap mutual fund category was the first victim of Sebi’s strict categorisation norms that were introduced three years ago. Many mutual fund advisors struggled to explain the large & mid cap category, mandated to invest 35% each in large cap and mid cap stocks. However, the new multi cap investment norm introduced by Sebi in the last week is reviving interest in these schemes. At least, many investors are talking about largeLet's block ads! (Why?) Personal Finance News-Wealth-Economic Times
SpaceX, ULA win large government launch contracts

SpaceX, ULA win large government launch contracts

Science
Aug. 7 (UPI) -- The U.S. military on Friday awarded two new defense contracts worth billions of dollars to space launch companies United Launch Alliance and SpaceX, which won a four-way competition, defeating Blue Origin and Northrop Grumman. The contract award means ULA and Elon Musk's SpaceX will launch about three dozen national security missions from 2022 to 2026 -- at a price tag of about $ 1 billion per year. ULA said its contract represents about 60 percent of those missions. Advertisement ULA, a launch provider to the U.S. government for 14 years with Atlas and Delta rockets, is on schedule to launch its next-generation rocket, the Vulcan Centaur, next year, CEO Tony Bruno told UPI in an interview this summer. The new rocket is designed to provide a more efficient, more powerful l...
Donald Trump demands US gets ‘large percentage’ of any TikTok sale

Donald Trump demands US gets ‘large percentage’ of any TikTok sale

Technology
Donald Trump has said the US should receive a "large percentage" of the proceeds from any sale of TikTok to Microsoft.The US president argued America will make a buyout of the Chinese-owned short-video app possible, and so deserved a share of the deal. Washington argues the firm poses a national security risk because of the personal data it handles and Mr Trump has warned he will ban the service in the US next month without a sale.TikTok has become a further source of heightened tensions between the US and China. An editorial in state-backed English-language newspaper China Daily has warned Beijing will not accept the "theft" of a Chinese technology company. ...
RBI asks banks to speed up ATM upgrades as deadline looms large

RBI asks banks to speed up ATM upgrades as deadline looms large

Finance
MUMBAI: Indian banks are staring at penalties over missed deadlines on compliance with ATM security and cash management norms introduced by the Reserve Bank of India over the last two years which banks say is not remunerative enough to carry out due to meddling in the fee structure. Most banks have not initiated these upgrades as sought by the central bank as their cost analysis of such an overhaul is significantly higher than central bank’s estimates, said people aware of the matter. The norms in question include revamp of outdated cash-replenishment process with a new cassette swapping system, ramping electronic surveillance at ATM premises, installing digital locks and upgrading the Operating Systems powering these cash machines. “Most acquirer banks who operate ATMs are waiting for a h
Humans a more immediate threat to large river systems than climate change

Humans a more immediate threat to large river systems than climate change

Science
June 19 (UPI) -- Climate change promises to disrupt a variety of natural systems across the globe, but new research suggests human activities pose a more immediate threat to the planet's largest river systems. For the study -- published Friday in the journal One Earth -- scientists synthesized past work on the most significant stressors affecting large rivers. Advertisement The new survey identified a variety of human activities that hamper the natural resiliency of major river systems, including: damming, dredging, land-use change, pollution, introduction of non-native species, water diversion and subsidence caused by groundwater extraction. "These are in addition to those of climate change -- flooding and droughts -- and greenhouse-gas linked sea-level rise," lead study author Jim Best ...