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16 Jul 2017

AROUND THE WORLD

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Maryam Mirzakhani, first woman to win mathematics' Fields medal, dies at 40

Maryam Mirzakhani, a Stanford University professor who was the first and only woman to win the prestigious Fields medal in mathematics, has died. She was 40.
Mirzakhani, who had breast cancer, died on Saturday, the university said. It did not indicate where she died.
In 2014, Mirzakhani was one of four winners of the Fields medal, which is presented every four years and is considered the mathematics equivalent of the Nobel prize. She was named for her work on complex geometry and dynamic systems.
“Mirzakhani specialized in theoretical mathematics that read like a foreign language by those outside of mathematics: moduli spaces, Teichmüller theory, hyperbolic geometry, Ergodic theory and symplectic geometry,” the Stanford press announcement said.

EARTH MATTERS

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NASA gives Hurricane Fernanda a close-up

Hurricane Fernanda is moving through the deep tropics and there's nothing in its way to prevent it from becoming a major hurricane. NASA's Terra satellite took a closer look at the strengthening storm.
On July 13 at 1:30 p.m. EDT, the Moderate Resolution Imaging Spectroradiometer or MODIS instrument aboard NASA's Terra satellite captured a close-up visible-light image of Hurricane Fernanda as it continued moving west through the Eastern Pacific Ocean. The visible MODIS image showed a concentration of strong thunderstorms wrapped around the low-level center and a large, thick band of thunderstorms spiraling into the center from the west. Although the image did not reveal an eye, a ragged eye formed later in the day and was seen in satellite imagery using infrared light.
By July 14 at 5 a.m. EDT (0900 UTC), the center of Hurricane Fernanda was located near 11.0 degrees north latitude and 117.9 degrees west longitude. That's about 975 miles (1,570 km) southwest of the southern tip of Baja California, Mexico. Fernanda's maximum sustained winds had increased to 100 mph (155 kph). Fernanda was moving toward the west near 12 mph (19 kph) and this motion is expected to continue over the next couple of days

INDIA - BUSINESS/ECONOMY

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   Creador Aquires 22% shares of Paras Healthcare for Rs. 275 crore

A Malaysian private equity firm has acquired a stake of 22% in Paras Healthcare through affiliate Commelina.
Paras group expressed that it tends to use the raised capital to expand its reach to the states of Uttar Pradesh, Jharkhand, Madhya Pradesh and Rajsthan.
The group currently operates a chain of hospitals including two child and mother care speciality centers.
Creador’s investment comes at a time when there is huge interest in healthcare services but the application are not free from challenges. According to Anand Narayan, managing director, Creador Advisors India LLP, “Aspirationally, there is an interest, but there are challenge. You can build hardware which is the hospital and the infrastructure anywhere, but you need doctors to operate it.”

GSTN portal to be ready for invoice uploading from July 24 

Businesses can start uploading their sale and purchase invoices generated post July 1 on the GSTN portal from July 24, a top company official said today. 

The Goods and Services Tax has kicked in from July 1 and so far, the GST Network, the company handling the IT backbone for new tax regime, has been facilitating registration of businesses. 

"We plan to launch the invoice upload utility on the portal on July 24 so that businesses can come forward and start uploading the invoices on a daily or weekly basis to avoid month-end rush," GSTN Chairman Navin Kumar told PTI. 

Generating invoices for dealings above Rs 200 and keeping invoice records in serial number even if maintained manually, are pre-requisites for claiming input tax credit under the GST regime.

ED attaches assets worth Rs 3.72 crore of Bhajiawala, family

The Enforcement Directorate today attached assets worth Rs 3.72 crore of Surat-based financier Kishore Bhajiawala and his family in connection with its money laundering probe against them.
With this, total attachment of assets in the case now stands at Rs 4.72 crore, the ED said in a statement.
The agency said it has further attached property worth Rs 3.72 crore, in the form of bank balance, fixed deposits, and insurance policies in Bhajiawala case, in a crackdown that came after demonetisation move of the Centre.
Further money trail has revealed that out of Rs 3.82 crore deposited as cash in various bank accounts by the accused, Rs 50 lakh was invested in purchasing LIC policies, the ED said.
"Rs 1.59 crore were deposited in fixed deposits and Rs 1.62 crore is available as cash balance in the said banks account," the agency said.
"The remaining amount of Rs 93,370 has been withdrawn by the accused in the form of cash. Thus, LIC policies, FDs, and cash balance of Rs 1.62 crore were provisionally attached under PMLA," it said.

Tech Mahindra to hire over 2,000 people in US this year

IT major Tech Mahindra plans to hire around 2,200 people in the US this year, same as last year, amid the American government’s call for creation of jobs in the country.
The Mumbai-based company, which has over 6,000 people working for over 400 clients in the US, has been recruiting resources out of colleges in the US over the past four years. “Last year, we hired around 2,200 people and we expect to do the same this year as well,” Tech Mahindra president, strategic verticals, Lakshmanan Chidambaram told reporters in New York.
On the reasons for stepped up US hiring, he said: “That has happened because the message from the US government is very clear that they would like us to play a bigger role here (in terms of employment).” Besides, some of the digital technologies being worked on require enhanced local presence, he added.

SCIENCE & TECHNOLOGY

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'Saraswati': A Supercluster Of Galaxies Discovered By Indian Scientists

A team of Indian astronomers has discovered an extremely large supercluster of galaxies -- as big as 20 million billion suns -- which they have named Saraswati, Pune-based Inter-University Centre for Astronomy and Astrophysics (IUCAA) said on Thursday.
This is one of the largest known structures in the neighborhood of the universe, 4,000 million light-years away from Earth and roughly more than 10 billion years old, IUCAA said.
Scientists of this Institute were also involved in the path-breaking discovery of gravitational waves last year.
The supercluster was discovered by Shishir Sankhyayan, a Ph.D. student at the Indian Institute of Science Education and Research (IISER), Pune, Pratik Dabhade, IUCAA research fellow, Joe Jacob of the Newman College, Kerala, and Prakash Sarkar of the National Institute of Technology, Jamshedpur.

INDIA - OTHERS

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'External forces' creating trouble in Jammu and Kashmir: Mehbooba Mufti 

Jammu and Kashmir Chief Minister Mehbooba Mufti today met Home Minister Rajnath Singh to discuss the law and order situation in the state, especially security to Amarnath pilgrims, even as she blamed "external forces" for creating trouble in the state. 

During the meeting that lasted nearly an hour, the chief minister apprised the home minister about the steps taken to maintain peace in the Kashmir Valley, officials said. 

 "Kashmir issue is not a law and order problem. It is happening because of external forces. The ongoing fight is a handiwork of external forces and now unfortunately China is also trying to meddle into it," Mehbooba told reporters emerging from the meeting. 

The chief minister said he had discussed with the home minister the attack on Amarnath pilgrims. 

"The attack was designed to create communal tension in the country. But I am grateful that the entire country, political parties and the central government especially the home minister helped us in overcoming the tragedy," she said. 

Army jawan killed in Pakistan firing near LoC 

The Indian Army jawan, and a nine-year-old girl was killed on Monday as Pakistani troops shelled areas along Line of Control in Jammu and Kashmir's Poonch.
Naik Muddasar Ahmed (37) was grievously injured when mortar shells landed on his bunker. He was evacuated to the medical inspection room where he succumbed to his injuries.
Muddasar Ahmed​ belonged to Village Duchoo of Tral Tehsil in Pulwama. He is survived by his wife Shaheena Muddasar and two children.
The Pakistan Army violated ceasefire along the Line of Control (LoC) in Poonch's Balakote and Rajouri's Manjakote and Bhimber Gali sector.

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