Defence Products’ Exports To Exceed Rs. 35,000 Crore Target

In 2019-20, the Centre has set a target of Rs. 20,000 crore. KOLKATA:  With the growing trend of shipments in recent years, exports of defence products will exceed the Rs. 35,000 crore target by 2024-25, an official said. “I expect the exports will surpass the target of Rs. 35,000 crore by 2024-25,” Defence Production Department Secretary Ajay Kumar told PTI. Defence components are key drivers, he said. Mr Kumar was in the city to promote private sector participation in defence production and also inaugurated a facilitation centre for the  defence production at Bharat Chamber of Commerce.…

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Court bars Snapdeal from selling Casio products, e-tailer to seek review

The district court of Delhi has restrained e-commerce firm Snapdeal from selling products of Casio, following a legal action initiated by the Japanese multinational Casio Computer Co against the etailer. According to the company, it had been receiving multiple consumer complaints regarding sale of counterfeit watches and calculators branded as Casio on Snapdeal. “The brand owners have to constantly confront and combat the counterfeits. The Indian judiciary has also recognized this need of the hour by fastening the liability on the anonymous entities operating behind the screens,” said SK Bansal,…

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Prime Day Sale to Feature Over 500 New Products From Indian Small, Medium Businesses

Amazon has already announced that its upcoming Prime Day 2019 sale will feature over 1,000 new product launches. Now, the e-retail giant says that over 500 of these will be the products from small and medium businesses (SMBs), women entrepreneurs, weavers, and startups that are a part of various Amazon initiatives like Kala Haat, Amazon Saheli, Amazon Launchpad, and Amazon Business. Amazon Prime Day 2019 sale opens July 15 and will continue through July 16. As the name suggests, the sale will be available only for Prime subscribers. The company…

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FLORIDA PAYS $600,000 RANSOM TO HACKERS WHO PARALYSED THE CITY’S COMPUTER SYSTEMS

A Florida city agreed to pay $600,000 in ransom to hackers who took over its computer system, the latest in thousands of attacks worldwide aimed at extorting money from governments and businesses. The Riviera Beach City Council voted unanimously this week to pay the hackers’ demands, believing the Palm Beach suburb had no choice if it wanted to retrieve its records, which the hackers encrypted. The council already voted to spend almost $1 million on new computers and hardware after hackers captured the city’s system three weeks ago. The hackers…

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Computer Science’s Gender Gap Will Take More Than A Century To Fix

The gender gap in computer science research won’t reach equality for more than a century, according to new research released Friday that showed computer science isn’t just lagging behind, it’s also going in the wrong direction. An analysis of 2.87 million computer science research papers between 1970 and 2018 shows that “under our most optimistic projection models, gender parity is forecast to be reached by 2100, and significantly later under more realistic assumptions,” researchers wrote. “In contrast, parity is projected to be reached within two to three decades in the…

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IL&FS probe: Not just connivance, auditors also pitched products to top-brass

Auditors of debt-laden IL&FS not only connived with the top management in their fraudulent activities, but also sought to sell them certain products and services, according to findings of the SFIO probe that show large-scale violations in their auditing activities. The Serious Fraud Investigation Office (SFIO) probe into IL&FS group firm — IL&FS Financial Services Ltd (IFIN) — has revealed serious lapses at the level of auditors, auditing committee and the then top brass of the group. While the government has appointed a new board at IL&FS as part of…

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Bitter Apricot Seed Products Recalled Due to Concerns Over Cyanide Poisoning

A recall warning has been issued for bitter raw apricot seeds and apricot seed meal from the brand Apricot Power due to concerns over cyanide poisoning. Ecoideas Innovations Inc., a Canadian natural health product retailer, issued the recall on June 1 because their Apricot Power brand of Bitter Raw Apricot Seeds and Apricot Seed Meal contain a natural toxin called amygdalin. The toxin, which is found in bitter apricot kernels, may cause cyanide poisoning if consumed in large enough quantities. The recall warning, issued by the Canadian Food Inspection Agency (CFIA), says…

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India’s coconut products export to cross ₹2,000 crore in FY19

A higher price realisation of activated carbon in the overseas market has pushed up India’s coconut product exports to cross the ₹2,000 crore mark in FY19. The country exported 80,467 tonnes of activated carbon valued at ₹1123.64 crore till January this year and the total exports in overall products stood at ₹1812.55 crore. The final figures are yet to be compiled, but it is set to touch the range of ₹2,100 crore up to March this year. Activated carbon fetched a price of ₹140/kg in FY 19 vis-a-vis ₹100/kg in FY18. The low price of coconut…

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