Tuesday, November 13, 2018

Chances of Brexit deal this month fade - e paper - english news paper today - news headlines today

Chances of Brexit deal this month fade - e paper - english news paper today - news headlines today
Chances of Brexit deal this month fade
City: 

The already slim chance that a Brexit deal would be agreed this month receded still further on Monday as another EU meeting ended without a breakthrough.

European Union chief negotiator Michel Barnier warned ministers from member states that no deal has been sealed yet on Britain's departure from the bloc.

In London, prime minister Theresa May's spokesman said talks in Brussels went on overnight until the early hours Monday and would continue, but he warned: "There are still substantial issues to overcome."

A government source said a deal must happen by Wednesday if there is any chance of an extraordinary EU summit this month to sign the withdrawal agreement. If there is no deal in November, the crisis could drag on until a regular EU summit on December 13.

This would dramatically curtail the time May will have to get any agreement past a rebellious British parliament before Brexit day on March 29.

As fears rose that the saga will end with Britain crashing out without a deal, the pound dropped to 1.283 dollars against 1.297 at Friday's close.

Briefing the 27 other EU member states, "Michel Barnier explained that intense negotiating efforts continue, but an agreement has not been reached yet", the European Council of member states said.

"Some key issues remain under discussion, in particular a solution to avoid a hard border between Ireland and Northern Ireland," it added in a statement.

Irish trouble

The talks are stuck on the question of a "backstop" arrangement to prevent the return of border checks between Northern Ireland, part of the UK, and the Republic of Ireland if the sides fail to agree a free trade pact.

Barnier met Irish Foreign Minister Simon Coveney on Monday before heading to Strasbourg for meetings with EU parliamentarians.

"Clearly this is a very important week for Brexit negotiations. The two teams have really intensified their engagement," Coveney said afterwards.

He added: "We'll have to wait to see where that goes. The issues aren't new. We need to give the teams the time and space now."

There were signs of compromise last week on the backstop, with British concerns focused on how it might exit the arrangement in future.

But hints that May was giving ground drew the fury of her Northern Irish allies, the Democratic Unionist Party, and of eurosceptics in her own party.

The DUP, which props up her government, fears Northern Ireland will be left partially under EU regulation, diluting UK sovereignty.

Can't rush it

EU ministers set a cautious tone as they arrived for the briefing by Barnier.

"We have time but not so much," Belgian Foreign Minister Didier Reynders told reporters.

"It's difficult to make real progress, but before Christmas I'm hoping it's possible," he said, as the EU awaits a "positive signal" from London.

Britain is keen to get a deal with the EU and a provisional sign-off by the House of Commons before Christmas, to allow time for it to be put into legislation.

May will host a weekly cabinet meeting Tuesday, but the UK source said: "As it stands there's no agreement for them to discuss."

The agreement is meant to finalise Britain's exit bill of around £39 billion (45 billion euros, $50 billion), guarantee citizens' rights and launch a 21-month transition, during which London will follow EU rules. In the transition period, British and European negotiators will launch more ambitious talks to agree the future trading and legal relationship.

But May is facing increasing pressure from all sides in her Conservative party over the mooted plan.

Eurosceptics have long warned against staying too close to the EU, and former foreign minister Boris Johnson, who quit in July in protest at May's approach, said Monday she was "on the verge of total surrender".

There were also signs that pro-Europeans are gearing up to block the Brexit deal after Johnson's brother Jo, a junior transport minister, quit on Friday branding May's proposed withdrawal deal a "terrible mistake" and calling for a second Brexit referendum.

Chances of Brexit deal this month fade

Source: EP

BJP’s star from K’taka passes away - e paper - english news paper today - news headlines today

BJP’s star from K’taka passes away - e paper - english news paper today - news headlines today
BJP’s star from K’taka passes away
City: 

The Bharatiya Janata Party faced a morale set back with its most prominent and active leader, who made an indelible mark both in Karnataka and national politics, suddenly leaving the scene.

HN Ananth Kumar, 59, union minister for Parliamentary Affairs and Chemicals and Fertilizers passed away in the early hours on Monday at a private hospital in Bangalore where he was treated for advanced stage lung cancer. He underwent initial treatment in Bangalore, after he was diagnosed with cancer in June, and then went to the US and the UK for further treatments. He returned home some 25 days ago and continued his treatment in Bangalore. The infection by then had spread to other organs which led to his demise.

Kumar was the only BJP leader from Karnataka who found a comfortable place in the inner coterie of Modi and party president, Amit Shah. He was often called the shadow of the PM and some of his cabinet colleagues were envious of the close proximity and company he enjoyed with Modi and the party High Command.

In fact, Ananth Kumar was an inner circle member even when senior party leaders Atal Biahri Vajpayee, LK Advani and Murali Manohar Joshi were controlling the party. Ananth Kumar’s demise has created a huge vacuum in the state for the party. He was expected to have played a very critical role in readying the party and boosting cadre for the 2019 elections.

Kumar was a vociferous and loud voice for the party and a strong advocate for Karnataka in the national capital. He had a spectacular rise in his political career and he was able to make it big in the central political stage at a very young age. He was the youngest minister in the Atal Bihari Vajpayee’s cabinet in 1998. Post that he held other key portfolios including Civil Aviation, Tourism, Sports & Youth Affairs, Culture, Urban Development and Poverty Alleviation.

Kumar was a six-time parliamentarian and he won his first Lok Sabha election in 1996 from Bangalore. He played a key role in BJP's success in Karnataka and was instrumental in bringing the party to power in the first south state in 2008. He was an active worker for ABVP, the students' wing of the RSS, before he forayed into mainstream politics in 1987. He was born in a middle-class Brahmin family in Hubbali on July 22, 1959.

BJP’s star from K’taka passes away

Source: EP

ISRO calls for global proposals to carry experiments on Venus mission - e paper - english news paper today - news headlines today

ISRO calls for global proposals to carry experiments on Venus mission - e paper - english news paper today - news headlines today
ISRO calls for global proposals to carry experiments on Venus mission
City: 
The Indian space research organisation’s proposed Venus mission is scheduled for launch in 2023

ISRO has invited proposals from the international scientific community to carry out novel experiments on its planned Venus mission, scheduled to launch in 2023, the space agency said.

The call presents an opportunity for scientists from foreign space agencies, research laboratories and academic universities to study Venus, the Indian Space Research Organisation (ISRO) said in a statement.

Venus is often described as the “twin sister” of the Earth because of the similarities in size, mass, density, bulk composition and gravity.

ISRO aims to identify important science experiments that strengthens or complements the overall science from the suite of pre-selected proposals from India on its Venus mission. “Proposers are expected to be currently involved in planetary exploration studies, the development of science instruments for space, willing to develop space worthy experiments and have access to associated facilities for test and instrument calibration,” ISRO said.

The capacity of the proposed spacecraft is likely to be about 100 kg with approximately 500 watts of power. The proposed highly inclined orbit is expected to be around 500 km when it is closest to Venus, and 60,000 km when it is farthest. This orbit is likely to be reduced gradually. These values are likely to be tuned based on the final spacecraft configuration.

The broad areas of research that ISRO plans to explore in its Venus mission include surface, subsurface and atmosphere of the planet, as well as its interaction with the Sun.

Each proposal needs to identify a principal investigator (PI) and a funding agency. The PI of the proposal should be capable of providing necessary details of the instrument which can address the proposed scientific problems. The PI should also be assembling a capable instrument team and lead the team to deliver a space-qualified instrument. There will be no exchange of funds between agencies for the international proposals, the statement said.

The space agency encourages collaborations with teams from India on the design and development of instrument hardware, science modelling, simulations and joint calibration activities. The last date for submitting proposals is December 20.

Since the 1960s, Venus has been explored by flyby and orbiter missions, a few lander missions and atmospheric probes. In spite of some progress in exploring Venus at recent times, gaps exist in our understanding about its formation, spin, surface evolution and runaway greenhouse phenomenon, surface and sub-surface features, rotation of Venusian atmosphere and its evolution and interaction with solar radiation and solar wind.

ISRO calls for global proposals to carry experiments on Venus mission

Source: EP

PE/VC exits till Oct cross yearly highs - e paper - english news paper today - news headlines today

PE/VC exits till Oct cross yearly highs - e paper - english news paper today - news headlines today
PE/VC exits till Oct cross yearly highs
City: 

After record-high investments, Private Equity and Venture Capital funds are making record high exits, indicating the good health of the market. The funds have registered highest–ever exits within the 10-month period till October and the exit value is 1.9 times higher than the total exits of 2017.

Exits till October aggregate $24 billion, compared to $9.9 billion during the same period last year. For the entire year 2017, the exits totalled $13 billion. This was also higher than previous year. At $24 billion, exits got closer to the total investments of $25.2 billion during the 10-month period.

Softbank, Naspers, Tiger Global and a bunch of early investors selling their stake fully or partially to retail major Walmart for $16 billion was one of the largest exits that happened this year. Among the other major exits, Blackstone’s quit Intelenet Global for $1 billion in a stake sale to Teleperformance SA TPG exited Vishal Mega mart for $769 million, selling stake to Partner’s group and Kedaara Actis sold shares of Ostro Energy to ReNew Power for $692 million.

Exits in the month of October itself valued at $1.4 billion and was more than twice the value recorded in October last year. The biggest deal in the month was Blackstone - Intelenet Global deal. Open market exits continued to be impacted by volatility in the markets, recording just one deal worth $15 million. At $7 billion, buyouts in this year till the date more than the value of buyouts in the previous two years combined.

From a sector perspective, technology recorded highest value of exits on the back of the large $1 billion Blackstone-Intelenet Global exit followed by financial services ($175 million across 2 deals).

“Despite the underperformance in open market exits, PE/VC exit activity continues to remain robust with support from strategic and secondary deals. 2018 is also expected to become an inflection point for the Indian PE/VC industry as PE/VC exits come close to the value of PE/VC investments, moving towards mature market standards and away from previous trends where the PE/VC exits would almost always be less than 50 per cent of PE/VC investments. Though this has largely been aided by the large Walmart-Flipkart deal; it nonetheless marks a significant shift in the evolution of the PE/VC industry and is expected to boost LP confidence for the Indian PE/VC ecosystem,” said Vivek Soni, partner and national leader private equity services, EY. 

However, going forward the investors are expected to be cautious due to the macro-level factors. “Looking forward, in the short-term, we expect investors to be relatively more circumspect than the beginning of the year. Increased uncertainty on account volatility in crude oil prices, depreciating rupee, talk of trade wars, current liquidity related issues attributed to the NBFC sector and other factors have driven up business risk premium. With the upcoming state and general elections, the evolving NPA situation and the developing situation around selected NBFCs is prompting investors to take a cautiously optimistic approach compared to the relatively bullish mood at the beginning of 2018,” he added.

Columnist: 
Sangeetha G.
PE/VC exits till Oct cross yearly highs

Source: EP

Bears may tighten the grip - e paper - english news paper today - news headlines today

Bears may tighten the grip - e paper - english news paper today - news headlines today
Bears may tighten the grip

The market witnessed heavy selling with the Sensex losing 345 points, or 0.98 per cent, to 34,812.99. The Nifty fell 103 points, or 0.97 per cent to 10,482.20. The BSE Mid-Cap Index fell 0.91 per cent and Small-Cap 0.83 per cent, both outperforming the Sensex.

Among the sectoral indices on the BSE, Auto (down 2.31 per cent ), Oil & Gas (-1.94 per cent) and Power (-1.86 per cent) underperformed the Sensex. Consumer Durables was up 1.38 per cent.

Technical view

Jay Thakkar, head-technical & derivatives research and AVP-equity research, Anand Rathi Shares & Stock Brokers, said: The Nifty…seems to have completed initial rise from the way down i.e. from 10,300 levels. Now, a retracement of the entire rise from 10,030 to 10,645 is expected and a minimum of 38.2 per cent retracement levels comes to 10,400 and below those 10,325 levels, which is 50 per cent retracement levels. The resistance on the upside comes to 10,550 levels.

“The Sen-sex…seems to have completed a five waves rising structure and it too seems to have started retracement of the same. A minimum of 38.2 per cent retracement comes to 34,524 and below that 34,296, which is 50 per cent retracement level. On the upside, 35,150 is an immediate resistance and above those 35,300 levels.”

Market view

Mustafa Nadeem, CEO, Epic Research, said:Nifty forms a bearish engulfing pattern, indicating a short-term reversal placed on higher levels of 10,600-10,620. A closing was seen below the trading range of previous few sessions, indicating a violation of short-term supports and bears grip may further tighten...Resistance is now clearly visible in the range of 10,600 and further, if the pattern is to be believed we may see four digits in the coming month. We suggest cautiousness and approach with a sell on advances as a strategy in short-term as we may see further weakness coming in.

Columnist: 
Ashwin J Punnen
Bears may tighten the grip

Source: EP

Priyanka, Farhan start The Sky is Pink shoot - e paper - english news paper today - news headlines today

Priyanka, Farhan start The Sky is Pink shoot - e paper - english news paper today - news headlines today
Priyanka, Farhan start The Sky is Pink shoot

Priyanka Chopra is shooting for her next Hindi film, The Sky is Pink with co-star Farhan Akhtar in Delhi.

The 36-year-old actor took to Instagram to share the news Sunday.

"The sun and I. Delhi here we go. #theskyispink," she wrote alongside her photo.

Priyanka also shared an Instagram story with co-actor Zaira Wasim with a caption: "Delhi days". Farhan, 44, also posted a picture on Instagram where he and Priyanka could be seen wearing masks to protect themselves from Delhi pollution as they prepped for a scene.

"Masking our emotions in the Delhi air. @priyankachopra your pose is just (right)," he wrote.

The film is the duo's second on-screen collaboration after 2015's Dil Dhadakne Do.

Shonali Bose, best known for the critically-acclaimed Margarita, With A Straw, is directing and writing.

October writer Juhi Chaturvedi has penned the dialogues. The film is a love story of the parents of motivational speaker Aisha Chaudhary, who was diagnosed with pulmonary fibrosis.

Priyanka, Farhan start The Sky is Pink shoot

Source: EP