Century Metal Recycling records IPO papers with Sebi

Century Metal Recycling has documented draft papers with business sectors controller Securities and Exchange Board of India for a first sale of stock (IPO).

The offer contains a crisp issue of value shares amassing up to Rs 150 crore and an offer available to be purchased of up to 6,402,650 value offers of Century Metal Recycling by the promoters including Gauri Shankar Agarwal (up to 793,243 value shares), Mohan Agarwal (up to 788,955 offers).

The general population issue will see offer of up to 2,550 ,386 value shares by Global Scrap Processors, up to 527,484 offers by Sanjivani Non Ferrous Trading Private Limited and up to 573,520 by Grand Metal Recycling private Limited, as indicated by draft red herring plan (DRHP).

The organization means to use the net continues from the new issue towards the prepayment or reimbursement of all or a segment of specific borrowings profited by the organization and general corporate purposes.

The value shares offered through the red herring outline are proposed to be recorded on the stock trades and the organization has gotten 'on a basic level' endorsement from BSE and NSE for the posting.

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China's steel use rate falls for third week because of ecological infringement

Usage rate at steel shoot heaters crosswise over China fell for a third back to back week a week ago as of June 8, information from Mysteel consultancy appeared, as natural investigations kept on weighing on task at steel factories. The rate slipped 0.41 rate focuses to 71.41 percent from the earlier week. The Ministry of Ecology and Environment said it will extend natural assessments to more urban communities and locales in another round of checks from this month to April one year from now. Jiangsu Shagang Group, China's greatest private-possessed steel firm by generation limit, said on Monday it will climb spot costs for rebar by 30 yuan a ton and some wire items by 50 yuan for June 11-20. Shanghai benchmark rebar costs shut almost level at 3,803 yuan ($594.09) a ton on Monday subsequent to recuperating from the day's low of 3,755 yuan.

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Railways cuts down sleeping hours for passengers by an hour

New Delhi: The Railways is trying to put an end to those tiresome quarrels that break out due to oversleeping passengers on the middle and lower berths by reducing official sleeping hours.

According to a circular issued by the railway board, the passengers in the reserved coaches can only sleep between 10 pm and 6 am to allow others to sit on the seats for the rest of the time.

"It is a regular bone of contention among passengers. Once, there was a passenger on the lower berth who slept all through the journey from Kolkata to Delhi, while the man on the upper berth had to remain there and others on the middle berth sat perched in one corner of the lower berth through the trip.

"All through the journey, they kept taking digs at the sleeping man and even poking him. This happens all the time on trains," said Sachin Singh, a businessman, who travels frequently between Delhi and Kolkata for meetings.

Officials said that the problem is more acute for side berths. The circular has clarified that a person booked on side upper berth will not have any claim of seat on the lower berth between 10 pm and 6 am.

Ministry officials said the new directive will help Travelling Ticket Examiner (TTE) to resolve such disputes on board by preventing anyone from taking catnaps beyond the permissible time.

Source:-Zeenews

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No internal differences, positive result on AIADMK merger in a day or two: O Panneerselvam

Chennai: Former Tamil Nadu chief minister O Panneerselvam on Saturday said talks on the merger of the two AIADMK factions are progressing fine.

After meeting AIADMK (Puratchi Thalaivi Amma) faction, whch is led by him, Panneerselvam said, "The talks are going on smoothly. A positive result is expected in a day or two."

The Panneerselvam faction had laid three conditions for an AIADMK merger: keeping out Sasikala and her family members, ordering a judicial probe into the death of Jayalalithaa and converting Jayalalithaa`s residence into a memorial.

Some days back the Panneerselvam faction passed a resolution declaring the appointment of Dinakaran as Deputy General Secretary as "improper, unacceptable and invalid".

The resolution was challenged by Dinakaran, who is said to have the support of around 20 legislators.

The resolution also said that Sasikala`s own appointment as General Secretary was under the scrutiny of the Election Commission.

Source:-Zeenews

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Facebook shuts artificial intelligence system after bots create own language

San Francisco: Days after Tesla CEO Elon Musk said that artificial intelligence (AI) was the biggest risk, Facebook has shut down one of its AI systems after chatbots started speaking in their own language defying the codes provided.

According to a report in Tech Times on Sunday, the social media giant had to pull the plug on the AI system that its researchers were working on "because things got out of hand". 

"I`ve talked to Mark about this (AI). His understanding of the subject is limited," Musk tweeted last week. 

The tweet came after Zuckerberg, during a Facebook livestream earlier this month, castigated Musk for arguing that care and regulation was needed to safeguard the future if AI becomes mainstream.

"I think people who are naysayers and try to drum up these doomsday scenarios -- I just, I don`t understand it. It`s really negative and in some ways I actually think it is pretty irresponsible," Zuckerberg said.

Musk has been speaking frequently on AI and has called its progress the "biggest risk we face as a civilisation".

"AI is a rare case where we need to be proactive in regulation instead of reactive because if we`re reactive in AI regulation it`s too late," he said.

Source:-Zeenews

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ट्रम्प और पुतिन के बीच सीरिया और नॉर्थ कोरिया संकट पर हुई बातचीत

वाशिंगटन.अमेरिकी राष्ट्रपति डोनाल्ड ट्रम्प ने रूस के प्रेसिडेंट व्लादिमीर पुतिन के साथ सीरियाई संकट और कोरियाई प्रायद्वीप में गहराते संकट पर चर्चा की। अमेरिकी राष्ट्रपति कार्यालय व्हाइट हाउस की ओर से जारी बयान के मुताबिक दोनों नेताओं ने फोन पर बातचीत की। उनके बीच बातचीत काफी सकारात्मक रही। दोनों ने सीरिया में हिंसा खत्म करने के लिए सभी पक्षों पर काम करने का विश्वास जताया और पश्चिम एशिया में इस्लामिक स्टेट (आईएस) के खिलाफ कार्रवाई करने के लिए एकजुट होकर काम करने पर भी चर्चा की।चर्चा के लिए प्रतिनिधि भेजेगा अमेरिका...

सीरिया पर अमेरिकी अटैक को लेकर था दोनों देशों के बीच तनाव
- सीरिया में पिछले महीने की गई अमेरिकी कार्रवाई के कारण अमेरिका और रूस में हुई तनातनी के बाद ट्रम्प और पुतिन के बीच फोन पर पहली बार बातचीत हुई है। 
- अमेरिका ने सीरिया के विद्रोहियों के कब्जे वाले खान शेखौन इलाके में रसायनिक हमले के खिलाफ गत छह अप्रैल को सीरियाई सैन्य अड्डे पर मिसाइल अटैक किया था। 
- बयान में कहा गया है कि ट्रम्प और पुतिन ने नॉर्थ कोरिया में बेहद खतरनाक स्थिति से निपटने के उपायों पर भी चर्चा की। 
- कोरिया के मौजूदा हालात के कारण पूरे एशिया-प्रशांत क्षेत्र में तनाव की स्थिति बनी हुई है। ट्रम्प ने पिछले सप्ताह कहा था कि उत्तर कोरिया के साथ बड़ा संघर्ष होने की आशंका है।

Source:-Bhaskar

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IBPS RRB 2017: 15,000 jobs in Regional Rural Banks; check ibps.in

New Delhi: IBPS RRB 2017 Notification has been released by Institute of Banking Personnel Selection.

The Institute of Banking Personnel Selection (IBPS) will hold the online examination for the next Common Recruitment Process for Regional Rural Banks (CRP RRBs VI) for recruitment of Group "A"-Officers (Scale-I, II & III) and Group "B"-Office Assistant (Multipurpose) between September and November 2017.

About IBPS

IBPS is an autonomous agency and started its operation in 1975 as Personnel Selection Services (PSS). It became an independent entity at the behest of Reserve Bank of India (RBI) and Public Sector Banks in 1984.

It is envisioned as self-governed academic and research oriented Institute, with a mission of enhancing human-resource development through personnel assessment.

IBPS announced a Common Written Examination (CWE) for the recruitment of officers and clerks in Indian banks IN 2011 and is now mandatory for anyone who seeks an employment in 29 public sector and regional rural banks.

The IBPS conducts recruitment exams of various PSU Banks, RBI, NABARD, SBI, Life Insurance Corporation (LIC) & General Insurance Companies (GICs).

Source:-Zeenews

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