Paul R. Milgrom and Robert B. Wilson have been awarded the Nobel Prize in Economics in 2020. Both are Americans and professors of Stanford University. They won the Nobel Prize for designing mathematical models that promote improvements in the auction theory and for inventing new auction format...
In the run-up to Dussehra and Diwali, Nirmala Sitharaman, Finance Minister, Government of India, made big announcements to boost the economy and revive demand. The announcements ranged from LTC cash vouchers to central government employees, a festival advance of `10,000 and 50-year interest-fr...
Great Indian Festival is Bharat’s biggest “sellerbration” on Amazon ever! Amazon organised that its Great Indian festival - the biggest opening for its sellers and brand partners. Manish Tiwary, Vice President, Amazon India commented, “Over 1.1 lakh sellers receiving orders, 66% sellers...
Indian Bank announces results for Q2 FY21 Indian Bank has announced results for the second quarter of FY21. The bank’s operating profit is up by 40% - touching `2995 crore for the second quarter of FY21 as against `2135 crore for the second quarter of FY20. Net profit stood at `412 crore for ...
Maharashtra’s decision to not allow the central agency, the Central Bureau of Investigation TO (CBI), to investigate in the state is not unprecedented. It has happened before in Andhra Pradesh in Chandrababu Naidu’s time, in West Bengal, in Karnataka and recently, in Rajasthan. But such moves in...
If FY20 was a bad year for the construction equipment sector with an election-induced construction slowdown, liquidity crises, slump in manufacturing, and sporadic floods; FY21 couldn’t have started on a worse note. The on-going Covid-19 outbreak threatens domestic and global growth fo...
Together – to my invisible FriendTogether my Friend,the cosmos we roam.Distant galaxies, we explore,Twinkling stars, we caress.Rainbows we streak across the skies.The lightning we ride, clouds we toss,And laugh with the sun.Together my Friend,with Jesus his cross, we carry;Embrace and sooth him, i...
The coronavirus pandemic is not just a health emergency – it may just be the cause of a global meltdown. The pandemic could cost the global economy between $5.8trillion and $8.8trillion, according to the Asian Development Bank (ADB). It has exposed some deep-rooted systemic issues whic...
Oscar awardee filmmaker Martin Scorsese in his film, Gangs of New York (2002) in the backdrop of the American Civil War, showed a group of men shouting slogans, “Down with Lincoln. Lincoln will make all white men slaves,” referring to the great American leader, Abraham Lincoln - thro...
Bhanwari Devi, a Dalit woman, employed with the rural development programme of the Rajasthan government, was brutally gangraped in 1992 for trying to stop the prevalent practice of child marriage. This incident highlighted the hazards faced by working women, following which the Supreme Court acknowl...