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...

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...