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☆ Sri Lanka readies ailing Thai elephant for flight home
▼ + stars: | 2023-06-21 | by ( ) www.reuters.com time to read: +2 min

"But he is very gentle and obedient, which has made it easier to try and get him used to the process." Since he was gifted to Sri Lanka in 2001, the elephant, often used to carry Buddhist relics in processions, has spent most of his time at a Buddhist temple in Kalutara, about 75 km (47 miles) from Colombo, the commercial capital. Perera, who oversees his care, along with a mahout and other staff, said he would probably need hydrotherapy facilities that Sri Lanka lacks to restore full movement. Thailand will pay for the elephant's journey home, while Sri Lanka has footed the cost of his medical care and food, which runs into about 400 kg (882 lb) a day. The pachyderm is expected to return to Sri Lanka after treatment, Prime Minister Dinesh Gunawardena has said, and animal welfare activists hope he will be sent to a sanctuary.

Persons: Read, Sak Surin, Madusha Perera, Muthu Raja, Chiang Mai, Perera, Dinesh Gunawardena, Uditha Jayasinghe, Clarence Fernandez Organizations: Sri, Thomson Locations: Sak Surin, Sri Lanka, Thai, Thailand, Colombo, Sri, COLOMBO, Sri Lankans, Chiang, Kalutara, Lanka

☆ How generative A.I. and low-code are speeding up innovation
▼ + stars: | 2023-05-19 | by ( Rachel Curry | ) www.cnbc.com time to read: +4 min

Oscar Wong | Moment | Getty ImagesIndependently, generative artificial intelligence and low-code software are two highly sought-after technologies. While the intersection of low-code and AI feels natural, it's crucial to consider nuances like data integrity and security to ensure a meaningful integration. Additionally, rather than the AI revolution replacing low-code, Varadharajan said, "One doesn't replace the other, but the power of two is going to bring a lot of possibilities." Low-code software increases the accessibility of development across organizations (often to so-called citizen developers) while generative AI increases organizational efficiency and congruence. "Even now, we are still grappling with the possibilities of what generative AI can do," Varadharajan said.

☆ We expect 14% credit growth in the coming year, says State Bank of India
▼ + stars: | 2023-05-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe expect 14% credit growth in the coming year, says State Bank of IndiaDinesh Khara of the bank says it's hopeful because of infrastructure lending initiatives, among other things.

☆ India's banking system is resilient to U.S. banking stress, says State Bank of India's chairman
▼ + stars: | 2023-05-04 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndia's banking system is resilient to U.S. banking stress, says State Bank of India's chairmanDinesh Kumar Khara, chairman of State Bank of India, discusses the characteristics that make India's banking system "structurally different" from some U.S. banks.

☆ Opinion | Did Fox News Just Pay for the Privilege of Continued Corruption?
▼ + stars: | 2023-04-20 | by ( David French | ) www.nytimes.com time to read: +3 min

The settlement reflects Fox’s abandonment of even the most minimal journalistic standards. The headline stated that “Fox News Media, Dominion Voting Systems reach agreement over defamation lawsuit,” but it didn’t state the amount of the settlement and instead mainly focused on the judge’s compliments of Fox’s legal team. Some of them, including members of his legal team, made false and unsubstantiated claims against Dominion Voting Systems and are the subject of separate defamation lawsuits. In the meantime, many of the viewers who keep the company so very profitable won’t know anything meaningful about the Dominion settlement or Fox’s lies — because Fox won’t tell them. While this newsletter is admittedly rather bleak even in the face of Fox’s decisive court defeat, the story is far from over.

☆ Inside the Online Market for Overseas Abortion Pills
▼ + stars: | 2023-04-13 | by ( Allison Mccann | ) www.nytimes.com time to read: +17 min

A selection of abortion pill kits available online from overseas sellers. A chart of the estimated number of abortion pills provided outside the U.S. health care system from July through December 2022. For most patients, the cost of the service remains the most important factor in deciding where to get pills online. A chart showing the minimum, average and maximum cost of abortion pills from overseas providers: Aid Access, Las Libres and for-profit online sellers. A chart showing the minimum, average and maximum delivery speeds of abortion pills from overseas providers: Aid Access, Las Libres and for-profit online sellers.

☆ Adani group firms pledge shares for lenders of flagship company – SBICAP Trustee
▼ + stars: | 2023-02-11 | by ( ) www.reuters.com time to read: +2 min

Feb 11 (Reuters) - Three Adani group companies have pledged shares for lenders to the Indian conglomerate's flagship Adani Enterprises (ADEL.NS), which pulled a $2.5 billion share sale during a recent market rout, the debt trustee firm said. Adani Ports and Special Economic Zone (APSE.NS), Adani Transmission Ltd (ADAI.NS) and Adani Green Energy Ltd (ADNA.NS) pledged shares to SBICAP Trustee Co, the firm said in Friday filings to the Bombay Stock Exchange. SBICAP Trustee said it had received the pledges in its capacity as "security trustee" of the lenders of Adani Enterprises. Fitch estimates that loans to all Adani group entities account for 0.8% to 1.2% of total lending by Indian banks rated by the agency. The Adani exposure of Indian banks is not enough to affect their credit profiles, two global rating agencies have said.

☆ India's largest lender discusses exposure to Adani
▼ + stars: | 2023-02-09 | by ( Tanvir Gill | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndia's largest lender discusses exposure to AdaniDinesh Khara of the State Bank of India speaks to CNBC's Tanvir Gill about the Adani crisis and the bank's exposure to the company.

☆ Indian banks' exposure to Adani group "insufficient" to pose credit risk - Fitch
▼ + stars: | 2023-02-07 | by ( ) www.reuters.com time to read: +3 min

MUMBAI, Feb 7 (Reuters) - The exposure of Indian banks to the embattled Adani Group is "insufficient in itself" to present a substantial risk to the credit profiles of these lenders, Fitch Ratings said in a note on Tuesday. Fitch estimated that loans to all Adani group entities generally account for 0.8%-1.2% of total lending for Indian banks rated by the agency, equivalent to 7%-13% of total equity. SBI's total exposure was 0.9% of its total loan book, or around 270 billion rupees, Chairman Dinesh Kumar Khara has said. Additionally, most of the bank's exposure to the Adani Group was secured by completed and cash-generating assets while the rest of the exposure was to on-schedule, under-construction projects, said CreditSights. Fitch, however, cautioned that Indian state banks could face pressure to provide refinancing for Adani entities if foreign banks scale back their exposure or investor appetite for the group's debt weakens in global markets.

But the market turmoil led its flagship Adani Enterprises (ADEL.NS) to abandon a $2.5 billion secondary share offering on Wednesday, prompting concerns at lenders. 1 lender, SBI says the bank has about 270 billion rupees ($3.3 billion) in loans to Adani Group. Bank debt forms 38% of the total debt of 2.1 trillion rupees at the top five Adani companies, according to a Jefferies report. Senior executives at six other Indian lenders, with exposure to Adani companies, told Reuters they had also decided to tighten the credit approval process for Adani. India's central bank has asked local banks for details of their exposure to Adani companies, Reuters reported on Thursday, citing government and banking sources.

☆ India is a true bright spot in the midst of a global downturn, top execs and policymakers say
▼ + stars: | 2023-01-27 | by ( Jenni Reid | ) www.cnbc.com time to read: +5 min

But India does shine out among the world's biggest economies, with Europe hovering on the brink of potential recession and U.S. growth slowing. "It's for the whole digital India, and creating a digital society in India," Ekholm told CNBC. watch nowIndia, he continued, "will very shortly have the best digital infrastructure outside of China," driven by telecoms juggernauts Bharti Airtel and Jio, he added. Strong tailwinds"We are very optimistic and very positive on India," the chief executive of Tata Consultancy Services, Rajesh Gopinathan, told CNBC. As Anish Shah, chief executive of Mahindra Group, told CNBC: "India will get impacted.

MUMBAI, Jan 27 (Reuters) - Some of India's leading public sector banks said on Friday their exposure to the Adani Group was within the limits prescribed by the central bank, assuaging fears of default risks from their exposure to the conglomerate. Public sector banks in India have in the past been hit by massive corporate defaults. The board will take any decision on the bank's exposure to the group only after that, the official said. The Adani Group comprises the flagship Adani Enterprises Ltd (ADEL.NS), as well as Adani Ports and Special Economic Zone Ltd (APSE.NS), Adani Power Ltd (ADAN.NS), Adani Green Energy Ltd (ADNA.NS) and Adani Transmission Ltd (ADAI.NS). For public sector banks, the debt is at 0.7% of total loans and for private banks, it is at 0.3%.

☆ SBI chair: Every country has the right to ensure their energy security
▼ + stars: | 2023-01-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSBI chair: Every country has the right to ensure their energy securityDinesh Kumar Khara, chairman of State Bank of India, speaks to CNBC about the resilience of the Indian economy.

Federal authorities on Tuesday charged FTX co-founder Sam Bankman-Fried with using what they said was tens of millions of dollars of misappropriated customer funds to make illegal political donations to both Democratic and Republican candidates. He then used those funds to make "large political donations," to make investments and buy "lavish real estate," the SEC complaint alleged. The campaign finance allegations come days after a private watchdog group asked the Federal Election Commission to investigate Bankman-Fried's political contributions. Most of Bankman-Fried's publicly disclosed campaign contributions, which totaled nearly $40 million in the 20222 election cycle, went toward Democrats, FEC records show. "The question is whether regulators, including the SEC, backed off from aggressive investigation of FTX because of this political influence," Painter said.

☆ Fact Check-Video footage of people dropping off ballots in Maricopa County is not proof of voter fraud
▼ + stars: | 2022-11-21 | by ( Reuters Fact Check | ) www.reuters.com time to read: +3 min

Social media users claiming that video footage of a Maricopa County drop box proves people dropped off fraudulent ballots during the Arizona midterm election are missing key context. Videos of multiple people putting ballots in the ballot box in Maricopa county.” The tweet received over 2,600 likes and 1,500 retweets at the time of writing (here). One Instagram user shared the video with the caption, “We got Mules again in Maricopa County” (here), (here). Megan Gilbertson, communications director at the Maricopa County Elections Department, confirmed via email that the videos were taken at a Maricopa County Tabulation and Elections Center. Videos of individuals dropping off multiple ballots at a Maricopa County drop box are not in themselves evidence of voter fraud.

☆ Nepalis vote amid looming inflation, political stability concerns
▼ + stars: | 2022-11-20 | by ( Gopal Sharma | ) www.reuters.com time to read: +3 min

There are no pre-election polls, but political analysts expect the ruling alliance to retain power. Polls close at 5 p.m. (1115 GMT), the Election Commission said. "Let us celebrate democracy by participating in voting," Deuba said. Political stability has proven elusive for the poor nation, wedged between China and India, discouraging many investors. The Election Commission has urged voters to cast their secret votes without fear of threat, intimidation and obstacle.

Apparel retailers, restaurants, banks, construction companies all saw a rise in sales and orders, as the country geared up for the first pandemic-free festive season in two years. Reuters Graphics"There is definitely a festive boost which cannot be denied and which is reflected in earnings performance," said Vivek Kumar, economist at Mumbai-based QuantEco Research. "There was also some comfort on input prices moderating in the quarter, and a boost from pent-up demand. read moreNair said he expects sales in the festive quarter to top pre-pandemic levels. State Bank of India (SBI) (SBI.NS), the country's largest lender, reported record quarterly profit and forecast credit growth to remain in double-digits.

☆ Super skills on show for Guinness World Records Day
▼ + stars: | 2022-11-10 | by ( ) www.reuters.com time to read: +2 min

LONDON, Nov 10 (Reuters) - Feats ranging from the most alternating single-arm handstands in one minute to solving the most rotating puzzle cubes while skateboarding are being celebrated in this year's Guinness World Records Day. With the theme of "Super Skills", the 19th annual event has prompted people across continents to set new milestones for what is humanly possible. "Guinness World Records Day is a global celebration of the superlative so it's a chance for everyone around the world to have a go at getting their name in the famous Guinness World Records book," said Craig Glenday, editor-in-chief of Guinness World Records. "We've all got skills, we've all got party tricks but are they good enough to make it into the Guinness World Records book. Nicolas Montes de Oca from Mexico scored three titles: most single-arm handstands in one minute (male) with 23 repetitions, most handstands in one minute (male), totalling 41 repetitions, and most alternating single-arm handstands in one minute, with 32 repetitions.

☆ Goldman Sachs just dropped the names of its biggest partner class since David Solomon took over as CEO. See the full list here.
▼ + stars: | 2022-11-09 | by ( Emmalyse Brownstein | Dakin Campbell | Alex Morrell | ) www.businessinsider.com time to read: +4 min

David Solomon had been shrinking the size of Goldman's partner ranks to make it more exclusive. On Wednesday, the firm named 80 new partners, its largest class since Solomon became CEO in 2018. Goldman Sachs promoted 80 people to partner status on Wednesday, marking the largest class since David Solomon took over as CEO in 2018. Goldman's partner class has been steadily shrinking since David Solomon took over as CEO in 2018. Last year, Goldman gave its roughly 400 partners special one-time payments that added millions of dollars to their already generous year-end bonuses.

☆ Fact Check-A video of a man dropping ballots off in Gwinnett County, Georgia is not proof of widespread fraud
▼ + stars: | 2022-11-08 | by ( Reuters Fact Check | ) www.reuters.com time to read: +4 min

Social media users are sharing a video dated 2020 of an individual dropping off multiple ballots at a drop box in Gwinnett County, Georgia that they say proves ballot fraud is occurring. The video is from the 2020 election at a voting drop box in Gwinnett County in Georgia, said Joe Sorenson, a spokesperson for the Gwinnett County Government. In Gwinnett County, absentee ballots can be dropped by an elector’s family member, caregiver or other resident living in the same household. The Georgia State Election Board investigated three similar videos from Gwinnett County drop boxes. The Georgia State Election Board dismissed three similar cases of ballot harvesting in Gwinnet County after investigating the videos in May 2022.

☆ High interest rates and food inflation are headwinds for India's economy, says State Bank of India
▼ + stars: | 2022-11-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHigh interest rates and food inflation are headwinds for India's economy, says State Bank of IndiaDinesh Kumar Khara of the bank says India's economy is not strongly coupled with the global economy.

☆ India's SBI sees loan growth staying strong after record profit
▼ + stars: | 2022-11-05 | by ( ) www.reuters.com time to read: +2 min

The bank reported a 74% surge in quarterly net profit on Saturday, driven by higher loan growth and improving asset quality. Net profit rose to a record 132.64 billion Indian rupees ($1.62 billion) in June-September, beating analysts' forecast of 105.30 billion rupees, according to Refinitiv IBES data. Net interest income, the difference between interest earned and paid out, rose 13% to 351.82 billion rupees. "We should have credit growth of 14-16% in the current financial year," Chairman Dinesh Kumar Khara said in a press briefing. Total provisions declined to 30.39 billion rupees in June-September from 43.92 billion rupees the previous quarter.

Representative Marjorie Taylor Greene Republican of Georgia Suggested Mr. Pelosi knew his attacker. Elon Musk Chief executive of Twitter and Tesla Amplified a conspiracy theory about male prostitution. Finding life on far-right websites and the so-called dark web, conspiracy theories and falsehoods leaped from the fringes to the mainstream. Each comment Friday, Oct. 28 6 p.m. A conspiracy theory circulates widely that the attack was the result of a sexual affair. saturday, oct. 29 at 9 p.m. A conspiracy theory circulates widely that the attack was the result of a sexual affair.

☆ Arizona early voting marred by ballot box intimidation. Courts needs to intervene.
▼ + stars: | 2022-11-01 | by ( Richard L. Hasen | Richard L. Hasen Is Professor At Ucla School Of Law | Where He Directs Its Safeguarding Democracy Project. He Is An Nbc News Msnbc Election Law Analyst. | ) www.nbcnews.com time to read: +9 min

First Amendment rights do not extend to threats of violence and voter intimidation. A great deal of the attention has been on ballot drop boxes. There has been no indication of any widespread fraud through the use of ballot drop boxes. Nonetheless, conspiracy theories about the drop boxes have continued to circulate, fueled in part by a widely debunked film by Dinesh D’Souza, “2000 Mules,” which uses false and unproven claims to try to show drop boxes being used for fraud. Reporting by NBC News shows that ballot drop box conspiracies have flooded Trump’s social media website, Truth Social, and that has led to organizing on the ground, including in places like Arizona.

☆ Elon Musk tweeted 'let the good times roll' after buying Twitter. His first day instead saw heads roll, emboldened trolls, and inspired hoaxes.
▼ + stars: | 2022-10-29 | by ( Travis Clark | ) www.businessinsider.com time to read: +4 min

Twitter staffers feared mass layoffs after Musk fired several top execs. It also didn't take long for speculation to begin about possible layoffs at the company — and for far-right trolls to celebrate with racist tweets. The world's richest man and Tesla CEO tweeted "let the good times roll" on Friday, his first full day as Twitter owner. Needless to say, the first day of Twitter's Musk rule was chaotic. Musk didn't rein in far-right response, nor were fears of mass layoffs tempered within the company.

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