The News Journal

Sethurathnam Ravi Sethurathnam Ravi , popularly known as S Ravi is the former chairman of Bombay Stock Exchange Limited (BSE). Currently he is the Founder and Managing Partner of Ravi Rajan & Co., an advisory and accountancy firm, headquartered in New Delhi, India. S Ravi was appointed by Government of India and RBI as Chairman of the Technical Experts Committee for Punjab & Sind Bank’s Strategic Turnaround. He was also appointed by Government of India as a member of the Strategic Revival Group for UCO Bank, where he played an instrumental role in formulation of the revival plan and its subsequent implementation. He has also served as Chairman of PNB Mutual Fund. According to former BSE Chairman, S ethurathnam  Ravi , “all the major fund houses in India provide window for global investments under various schemes. The schemes are well defined and the characteristics of the product offering are defined in the key information memorandum which is approved by SEBI. The process of in

Indian multi-billionaire Mukesh Ambani has announced a $25bn (£21.3bn) plan to launch 5G mobile internet services in the country within two months. Mr Ambani, who heads the telecoms-to-retail group Reliance Industries, says the high-speed network will be introduced first in major cities, including New Delhi and Mumbai. He said it will then be expanded to the rest of India by December 2023. The company is also working with Google to develop a budget 5G smartphone. Speaking on Monday at Reliance's annual general meeting, Mr Ambani said that once the firm's 5G network is fully operational it would be the biggest in the world. The service will be rolled out through Reliance's subsidiary Jio - which is India's largest mobile carrier. Asia's richest men battle to dominate 5G in India What is 5G and what will it mean for you? Mr Ambani also said that Reliance was working with US technology giant Google to develop an "ultra-affordable" 5G smartphone, without givin

Russia has blocked the adoption of a joint declaration by a United Nations conference on nuclear disarmament. The Nuclear Non-Proliferation Treaty, which is reviewed by its 191 signatories every five years, aims to prevent the spread of nuclear weapons. Russia objected to a draft text citing "grave concern" over military activities around Ukraine's nuclear plants, in particular Zaporizhzhia. Participants in the last review in 2015 also failed to reach an agreement . The 2022 meeting, which had been due in 2020, was delayed because of the Covid-19 pandemic. The failure to agree a joint declaration followed a four-week conference in New York. Australian Foreign Minister Penny Wong said she was "deeply disappointed" at the lack of agreement. "Russia obstructed progress by refusing to compromise on proposed text accepted by all other states," she said. The US representative, Ambassador Bonnie Jenkins, said the US "deeply regrets this outcome, and ev

Gerrid gust’s great-grandfather was from near Dubno, a town that is now in western Ukraine. He settled between the two biggest towns in the Canadian province of Saskatchewan, Saskatoon and Regina, on a plot of 160 acres which he bought for C$10. The farm is now a patchwork of properties 100 times the size which Mr Gust runs with his father and brother. Each year they harvest wheat, lentils and rapeseed. Every planting season 23-metre-wide “drillers” shoot seed and fertiliser directly into the soil for 16 hours a day. Then it is all down to the heavens. Nearly all of Saskatchewan’s crops depend on rain rather than irrigation. Last year “was desperately dry”, says Mr Gust. “We can’t afford another bad year.” Nor, it seems, can the world. The 15m tonnes of wheat and 20m tonnes of other crops that the province produces in a typical year will be vital to markets roiled by the war between Russia and Ukraine . So, too, will almost everything else Saskatchewan produces. When Ukrainian immigra

Japan should consider building new nuclear power plants, prime minister Fumio Kushida said on Wednesday. This could be a controversial policy shift after the nation suspended many of its nuclear plants in the wake of the 2011 Fukushima disaster. But Mr Kishida said the Ukraine war and soaring energy costs highlighted the need for diversifying energy sources. He added that nuclear power may be needed to meet Japan's target of going carbon neutral by 2050. Aside from considering building next-generation nuclear reactors, the government will also look to restart existing plants that are currently offline and extend their lifespans, Mr Kishida said at an energy policy meeting. Japan had a nuclear emergency in 2011 when a powerful earthquake triggered a tsunami, flooding the reactors at the Fukushima nuclear power plant on the country's east coast. Read More : https://www.bbc.com/news/world-asia-62659007

A stolen car stuck in a metro station in Madrid has been removed by firefighters. Police say they are investigating after the vehicle was found next to a staircase in Plaza Eliptica station. The driver was taken to hospital to be checked but police say no-one was injured. A man has been arrested as part of the investigation into what happened. Read More : https://www.bbc.com/news/av/world-europe-62645708

Peru's consumer protection agency is suing Spanish oil firm Repsol over a huge oil spill which blackened beaches off the coast of Lima in January. The spill, which Peru called the worst ecological disaster around Lima in recent memory, leaked more than 10,000 barrels into the Pacific Ocean. The civil lawsuit seeks $3bn (£2.54bn) for environmental damage and $1.5bn (£1.27bn) for damages to locals. Repsol has denied responsibility. On Tuesday, a Peruvian judge admitted the $4.5bn lawsuit by Indecopi against Repsol, meaning the case will go to court. An underwater oil pipeline owned by the company caused a spill on 15 January. It happened when an Italian-flagged tanker, Mare Doricum, was unloading at Repsol's La Pampilla refinery. Repsol initially said the spill was caused by "sudden and extraordinary anomalous waves produced by the volcanic eruption in Tonga". However, it later blamed the oil tanker. The firm has denied responsibility for the spill and told Reuters tha

Dozens of people were left stranded for hours inside the Channel Tunnel after a train from Calais to Folkestone appeared to have broken down. Footage emerged showing Eurotunnel Le Shuttle passengers being evacuated through an emergency service tunnel after having to abandon their vehicles. They were eventually transferred to a replacement train and taken to the Folkestone terminal in Kent. A Eurotunnel spokesman said services were now back to normal. Le Shuttle said Tuesday night's incident began when the train's alarms went off and this needed to be investigated. A spokesman said such incidents were unusual but not exceptional - far more common on trains carrying lorries than those with private cars. "The Shuttle was brought to a controlled stop and inspected. As a precautionary measure, for their safety and comfort, we transferred the passengers on-board to another shuttle, via the service tunnel [which is there for exactly that purpose]," the spokesman said. "

The UK imported no fuel from Russia in June for the first time on record, according to official figures. Imports of goods from Russia also fell to £33m in June, the lowest level since records began in January 1997, the Office for National Statics (ONS) said. Western nations have imposed strict sanctions on Russia since it invaded Ukraine in February. The UK has pledged to phase out Russian oil imports by the end of the year and gas imports as soon as possible. Fuel imports from Russia fell by £499m - or 100% - compared with the average for the previous 12 months to February. In 2021, the UK imported around 4% of its gas from Russia, and 11% of its oil, according to the International Energy Agency. Read More : https://www.bbc.com/news/business-62659391

Ukrainian officials have ridiculed Russia's accusation that its special services were behind the killing of Darya Dugina, the daughter of an ultra-nationalist, in a car-bomb attack. "We don't work in this way," said National Security and Defence Council secretary Oleksiy Danilov. A memorial service for Ms Dugina, 29, took place in Moscow on Tuesday. Ms Dugina, a commentator on a Russian nationalist TV channel, died when her car blew up on the outskirts of Moscow. Her influential father, Alexander Dugin, may have been the intended target of the attack. His expansionist ideas of a New Russia or "Novorossiya" on Ukrainian territory are said to have influenced President Vladimir Putin's annexation of Crimea in 2014. President Putin condemned the "vile, cruel crime" and posthumously awarded Ms Dugina the Order of Courage. Read More : https://www.bbc.com/news/world-europe-62643274

Europe has been suffering weeks of drought, with persistent heatwaves leading to evacuations and deaths. Rivers and lakes have dried, causing major problems for shipping and other vessels. The receding water levels have also revealed some usually-buried treasures. The most ominous of these are "hunger stones", engraved at the waterline of rivers during previous droughts as a warning to future generations that when the stones are above water, hardship lies ahead. Most of the stones have reappeared on the banks of the river Elbe, which flows from the Czech Republic through Germany. One stone, which was first carved as far back as the 15th Century, also surfaced in 1616, when locals inscribed into it the words "if you see me, cry". Low water levels in the Danube in Serbia have revealed the sunken remains of World War Two ships, still loaded with explosives. The ships, found near the town of Prahovo, were part of a Nazi fleet sunk in 1944. More are expected to emerge as

Russian authorities accused Ukraine on Monday of assassinating an ultranationalist commentator as figures in Russia’s pro-war camp clamored for retaliation, highlighting the growing domestic political pressure that President Vladimir V. Putin is facing six months after he ordered the invasion of Ukraine. The swift claim by Russia’s domestic intelligence agency to have solved the crime, and the heated demands for vengeance, pointed to the expanding influence of Russia’s ultranationalist hawks — a loose group of writers, business magnates and politicians who celebrated Mr. Putin’s war and have since grown frustrated that the Kremlin is trying to maintain a sense of normalcy at home rather than putting the nation on a war footing. Ukraine denied any connection to the car bombing near Moscow on Saturday that killed Daria Dugina, 29, daughter of Aleksandr Dugin, a political theorist who has long called for the reconquest of Ukraine and whose hawkish visions of a resurgent, imperial and anti