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Mystery Russian satellite's behaviour raises alarm in US

Mystery Russian satellite's behaviour raises alarm in US

Technology
A mysterious Russian satellite displaying "very abnormal behaviour" has raised alarm in the US, according to a State Department official."We don't know for certain what it is and there is no way to verify it," said assistant secretary Yleem Poblete at a conference in Switzerland on 14 August.She voiced fears that it was impossible to say if the object may be a weapon.Russia has dismissed the comments as "unfounded, slanderous accusations based on suspicions".The satellite in question was launched in October last year."[The satellite's] behaviour on-orbit was inconsistent with anything seen before from on-orbit inspection or space situational awareness capabilities, including other Russian inspection satellite activities," Ms Pobl...
Advertisement featuring Bachchan, daughter raises hackles of bank union

Advertisement featuring Bachchan, daughter raises hackles of bank union

Finance
A one-and-a-half minute long advertisement for a Kerala-based jewellery chain featuring Amitabh Bachchan and his daughter has come under attack from a bank union which termed it "disgusting" and aimed at creating distrust in the banking system. All India Bank Officers' Confederation, an organisation claiming to have membership of around 3,20,000 officers, today threatened to sue Kalyan Jewellers accusing it of "casting aspersion and hurting the sentiments of millions of personnel" through the advertisement. AIBOC general secretary Soumya Datta alleged that the theme, tone and tenor of the Ad were "disgusting, derogatory, to say the least and is aimed to create distrust in the banking system, for pure commercial gain." Kalyan Jewellers rejected the allegation, saying it was "pure fiction." ...
Andhra Bank raises MCLR by 0.05% for various tenors

Andhra Bank raises MCLR by 0.05% for various tenors

Finance
New Delhi: State-owned Andhra Bank has increased the marginal cost of funds based lending rate (MCLR) by 0.05 per cent to up to 8.55 per cent for various tenors. "This is to inform that the bank has increased its MCLR with effect from June 15, 2018," Andhra Bank said in a BSE filing. The MCLR for overnight, 1 month, 3 month, 6 month and one year tenors has been raised by 0.05 per cent each to 8 per cent, 8.05 per cent, 8.25 per cent, 8.40 per cent and 8.55 per cent, respectively, the bank said. The move will make consumer loans such as auto, car and home loans costlier for buyers. The RBI had earlier this month increased the key lending rate by 0.25 per cent to 6.25 per cent. Following this, a number of banks have hiked the interest rate. However, big players such as SBI, ICICI Bank and HD...
Apple shares hit all-time high after Buffett raises stake

Apple shares hit all-time high after Buffett raises stake

Technology
Apple shares have hit an all-time high on news that legendary investor Warren Buffett now has a roughly 5% stake in the tech giant.Shares in Apple, already the world's most valuable company, rose by almost 4% on Friday to more than $ 183.7 each.Mr Buffett said his Berkshire Hathaway group bought about 75 million more shares of the iPhone maker in the first three months of the year.His investment moves are closely watched across the world.Mr Buffett's company has been buying up shares in Apple since 2016. Berkshire Hathaway claimed a nearly 3.3% stake, or more than 166 million shares, at the end of last year. At the time, the holding, one of Berkshire's biggest stock market gambits, was worth more than $ 28bn. Now, after the additional share purchases and an 8% rise in price since the start...
Premier League raises less from TV rights auction

Premier League raises less from TV rights auction

Business
The Premier League has seen a decline in the money raised from the sale of rights to broadcast matches in the UK.In total BT and Sky bid £4.4bn to screen the lion's share of 200 games for each season between 2019-2022.That amount falls short of the £5.1bn the Premier League netted in 2015.Two packages to show 20 midweek matches are still to be sold, but experts say it is unlikely they will raise enough to top the previous rights deal."I don't think that those two packages by themselves are going to bridge the gap between what the domestic rights were sold for last time and what they're going for this time," said Dan Jones, head of the sports business group at the accountancy firm Deloitte.In 2012, BT and Sky paid £3bn for the rights to show matches between 2013 and 2015, up from £1.77bn in