Daily Archives: November 10, 2019

Bolivia’s president resigns amid election-fraud allegations

Bolivian President Evo Morales announced his resignation Sunday under mounting pressure from the military and the public after his re-election victory triggered weeks of fraud allegations and deadly protests. The decision came after a day of fast-moving developments, including an offer from Morales to hold a new election. The crisis deepened dramatically when the country’s military chief went on national television to call on him to step down.

Funding of cosmetics startups doubles to $108m

Startups in beauty and cosmetics space saw investments more than double to $108 million in 2019 till date, as compared to $51 million in 2018. The number of deals also rose to 12 from seven.

10 shortlisted for RBI deputy governor’s post

Ten candidates are understood to have been interviewed last week for the post of deputy governor — vacated by Viral Acharya— in charge of the monetary policy department in the Reserve Bank of India.

Management consultancies see result-link payout

With companies adopting a result-oriented approach, payment models of management consultancies have undergone a drastic change. When a company hires a management consultancy, the demand is to split payment between a fixed component and a variable one that is linked to performance.

Lenders yet to classify DHFL as NPA

Most public sector banks have held back from making bad loan provisions of advances to troubled housing finance company DHFL despite the account being ‘red-flagged’ under RBI’s framework for dealing with fraudulent disbursements.

Job uncertainty rises for spouses of H-1B visa holders

The United States Court of Appeals in its recent order has concurred with the views of ‘Save Jobs USA’ that granting of work permits (employment authorisations) to spouses of H-1B visa holders increases competition for American jobs. As spouses are able to work, it provides an incentive to the H-1B visa holders to continue to stay in the US.

Big sports events today

Here are the big sports events lined up for Monday (November 11) that comprise action from Syed Mushtaq Ali Trophy and ATP Finals.

Shooters announce Tokyo readiness with 15 quotas

India will be fielding their largest shooting squad at an Olympics in Tokyo next year. The shooters surpassed their Rio de Janeiro figure of 12 quotas on Sunday by clinching three more berths at the ongoing Asian championships in Doha.

Deepak Chahar’s hat-trick hands India T20I series win over Bangladesh

Deepak Chahar claimed figures of 6 for 7 as India thrashed Bangladesh by 30 runs in the third and final T20I to win the closely fought series 2-1 on Sunday. Chasing a target of 175, Bangladesh were bowled out for 144 in 19.2 overs. Wrecker-in-chief Chahar registered best ever figures in T20Is as he also claimed a hat-trick to singlehandedly guide India across the finish line.

Hat-trick man Deepak Chahar records best-ever figures in T20Is

India pacer Deepak Chahar on Sunday recorded the best-ever figures in the Twenty20 Internationals when he returned figures of six for seven runs against Bangladesh at the Vidarbha Cricket Association Stadium in Nagpur. Chahar also became the first Indian bowler to take a hat-trick in the shortest format of the game.