The National Stock Exchange of India Ltd (NSE) named world’s largest derivatives exchange for 2020.

The National Stock Exchange of India Ltd (NSE) has emerged as the world’s largest derivatives exchange in 2020 in terms of the number of contracts traded, according to data maintained by Futures Industry Association (FIA). The exchange has been adjudged the first rank for th…

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IFFCO ranks first among top 300 cooperatives of the world.

The Indian Farmers Fertiliser Cooperative Limited (IFFCO) has stepped up to 65th position in overall turnover ranking from 125th position in last financial year and now is at the top spot among 300 leading cooperatives in the world. The ranking is based on the ratio of turno…

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SpaceX Converts Two Ultradeepwater Rigs into Rocket Launch Pads.

Commercial space flight operator SpaceX has purchased two oil rigs from Valaris for conversion into seagoing rocket launch pads, according to multiple reports and court records. Orbital launch trajectories are heavily affected by location, and a sea-based launch site allows …

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The Global Risks Report 2021.

The World Economic Forum (WEF) has released the Global Risks Report 2021, 16th Edition. The findings of the report are based on the Global Risks Perception Survey (GRPS) undertaken by over 650 members of WEF’s diverse leadership communities. The Report is prepared with Stra…

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Andaman and Nicobar Command to conduct joint military exercise ‘Kavach’.

The Indian Army is to conduct a large scale joint military exercise Kavach in the Andaman Sea and Bay of Bengal. The exercise is to be held under the aegis of Andaman and Nicobar Command.  The Joint Military Exercise Kavach will involve Indian Navy, Indian Army, Indian Air F…

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Indian and French airforces exercise Desert Knight-21.

The Indian Air Force (IAF) and French Air and Space Force are set to participate in Exercise Desert Knight-21. The bilateral air exercise will be held at Jodhpur Air Force station in Rajasthan, India, from 20 to 24 January. Exercise Desert Knight-21 aims to improve interopera…

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Apple's latest patent for Face ID, which uses facial heat mapping.

Apple has just been granted a new patent that is related to its Face ID biometric security system. The patent details a next gen advancement in facial recognition technology, which apparently uses facial heat mapping for authentication. According to a PatentlyApple report, t…

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SpaceX delivers 60 more Starlink satellites in first launch of 2021.

SpaceX has launched its seventeenth batch of Starlink satellites during its first mission on 20 January 2021. It has used a Falcon 9 rocket that was flying for the eighth time, and that landed again, recording a record for its reusability program.  This puts the total Starlin…

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Iran and six other African Nations lose right to vote in UNGA over Unpaid Dues.

Iran and six other nations have lost their voting rights in the United Nations General Assembly (UNGA) over unpaid dues, said UN Secretary-General Antonio Guterres.  According to reports, Iran has to pay over $16 million in dues to the UNGA, a delay the country has blamed on…

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US President Biden revokes Keystone XL pipeline permit.

US President Joe Biden has cancelled permits for the controversial Keystone XL pipeline on his first day in office. The pipeline had been projected to carry oil nearly 1,200 miles (1,900km) from the Canadian province of Alberta down to Nebraska, to join an existing pipeline. …

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Iran holds ballistic missile, drones drill amid tensions.

Iran’s Islamic Revolutionary Guard Corps forces held a military exercise involving ballistic missiles and drones in the country’s central desert, state TV reported, amid heightened tensions over Tehran’s nuclear program and a US pressure campaign against the Islamic Republi…

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Hayleys Group announces massive share sub division.

The Hayleys Group of Companies has decided to increase the number of shares by way of a sub division . Accordingly, the existing shares of each company will be subjected to the following sub divisions. HAYLEYS PLC - 1:10 DIPPED PRODUCTS PLC - 1:10 ALUMEX PLC - 1:2 REGNIS (LANKA…

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Biden sets to work on reversing Trump policies with executive orders.

US President Joe Biden has begun to undo some of Donald Trump's key policies, hours after being sworn in. In his initial acts as the 46th US president, he signed 15 executive orders - the first to boost the federal response to the current pandemic  crisis. Other orders re…

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Electric car batteries with five-minute charging times produced.

Batteries capable of fully charging in five minutes have been produced in a factory for the first time, marking a significant step towards electric cars becoming as fast to charge as filling up petrol or diesel vehicles. Electric vehicles are a vital part of action to tackle…

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Colombo Stock Exchange's (CSE’s) All Share Price Index (ASPI) surpasses 8,000 points for the first time history.

The main index of the Colombo Stock Exchange, the All Share Price Index (ASPI) crossed the 8,000 point mark for the first in history today (21) , breaking all the previous records. The ASPI gained 246.80 points (or 3.13%) closing the day on 8,131.25. Meanwhile, The S&P S…

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Sri Lanka reopens its borders for tourists.

Sri Lanka reopened its airports for foreign tourists today (21) after a nearly 10-month pandemic closure that cut deeply into the nation's lucrative travel industry. As Sri Lanka opens the borders for international tourists detailed safety protocols and processes have be…

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Ceylon Petroleum Corporation (CPC) saves USD. 300 million in foreign exchange in 2020.

Ceylon Petroleum Corporation (CPC) has saved USD 300 million in foreign exchange for the year 2020, CPC Chairman Sumith Wijesinghe told the Parliament Committee on Public Enterprisers (COPE) recently. He stated that the government was able to take advantage of this due to t…

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Lasith Malinga retires from franchise cricket.

Lasith Malinga, the leading wicket-taker in the history of the Indian Premier League, has opted to retire from franchise cricket, his former IPL team Mumbai Indians confirmed on Wednesday. The development comes hours after MI released Malinga from their squad, with the franc…

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IMF chief sees ‘high degree of uncertainty’ in global outlook.

The head of the International Monetary Fund on Monday said the global lender needed more resources to help heavily indebted countries, citing a highly uncertain global economic outlook and a growing divergence between rich and poor countries. IMF Managing Director Kristalina…

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Central Bank of Sri Lanka (CBSL) to introduce priority sector lending targets for MSMEs.

The Central Bank will be introducing priority sector lending targets for the micro, small and medium scale enterprises (MSMEs) to support a broad based economic revival, in consultation with the banking community, Chandranath Amarasekara, Director of Economic Research at th…

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New Zealand Captain Sophie Devine hits Fastest Century in Women's T20 History.

New Zealand captain Sophie Devine hit the fastest century in women's Twenty20 history on Thursday 14 January 2021, taking just 36 balls to reach 100 in a domestic match in Dunedin. Devine tore apart the Otago Sparks bowling attack, hitting nine sixes and seven fours to …

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Xiaomi and 8 More Chinese Companies Blacklisted by US Government.

The US government has blacklisted Chinese smartphone maker Xiaomi and China's third-largest national oil company for alleged military links, heaping pressure on Beijing in President Donald Trump's last week in office. The Department of Defense added nine companies to…

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Selling rate of US $ exceeds Rs.198 mark.

According to the daily exchange report of the Central Bank of Sri Lanka (CBSL), the current buying rate of the US Dollar today (20) stands at Rs.192.85 and selling rate of the US dollar stands at Rs.198.26. Meanwhile, commenting on the continuous depreciation of the rupee ag…

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Joe Biden sworn in as 46th president of the United States.

Joe Biden was sworn in as the 46th president of the United States in inaugural ceremonies on the west front of the Capitol that have begun in Washington, D.C. on 20  January 2021.  The ceremonies have been scaled back due to the coronavirus pandemic, with heightened security…

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India beats Australia and wins Border-Gavaskar Trophy at the Gabba.

India has scored a famous victory in the Test series against Australia. India successfully chased the 328 on the last day of the final game at the Gabba to win the series 2-1 and retain the Border-Gavaskar Trophy. Explosive wicketkeeper Rishabh Pant, who was not picked for th…

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Netherlands PM Mark Rutte and his entire cabinet quits.

The Dutch Prime Minister, Mark Rutte and his entire Cabinet has resigned recently over the childcare subsidies scandal, in which thousands of families were wrongly accused of child welfare fraud. However, the Rutte government will stay on in a caretaker role until parliamen…

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Government of India decides to celebrate January 23 as Parakram Diwas.

The birth anniversary of Netaji Subhash Chandra Bose, on January 23, as ‘Parakram Diwas’ every year, the Ministry of Culture announced. The day is celebrated to honour and remember Netaji’s indomitable spirit and selfless service to the nation. Earlier this month, the Minis…

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Adani group signs concession agreement with Airports Authority of India (AAI)

Adani Group has announced that it has signed a concession agreement with Airports Authority of India(AAI) for Jaipur, Guwahati, Thiruvananthapuram airports. The concession period is 50 years from the commercial operation date. Adani Group had emerged as the highest bidder for…

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Tariff concession for Mongolia.

The Cabinet of Ministers has approved the proposal presented by the Minister of Trade for awarding tariff concession as well as conduct discussions with Mongolia for identifying tariff concessions that be mutually agreed upon between the two parties, the state information o…

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Drafting of Sign Language Bill approved.

The Cabinet of Ministers has approved the proposal to make necessary provisions through an Act of Parliament for making Sign Language a recognized means of communication and to advise the legal draftsman to draft the relevant bill. The proposal has been tabled by Prime Minis…

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