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Tuesday, 14 October 2014

News Roundup - 14 October 2014

  1. Observing that the investigating officer first “decided the end result and then carried out investigation and prepared the final report”, a Special court on Monday rejected the CBI plea to close a case of allocating a coal block illegally to Kamal Sponge Steel and Power Limited.The Securities and Exchange Board of India (SEBI) imposed a ban on realty major DLF and its top executives from accessing the capital markets for three years, for suppressing information in its initial public offering (IPO) prospectus and for sham transactions.
  2. French economist Jean Tirole on Monday won the Nobel prize for economics for research on market power and regulation that has helped policy-makers understand how to deal with industries dominated by a few dominant companies.
  3. Northern Province Chief Minister C.V. Wigneswaran stayed away from a ceremony on Monday in which President Mahinda Rajapaksa re-launched train services to Jaffna. 
  4. Iceland has closed down a website believed to be used by IS, according to the authority responsible for the country’s Internet domain name “.is”. Internet in Iceland Inc, or ISNIC, said in a statement late on Sunday that it had “suspended domains that were used for the website of a known terrorist organisation”. The site “khilafah.is” — which ISNIC said was run by a group calling itself Islamic State — was believed to have been online since mid-September.
  5. Elon Musk, CEO of SpaceX, a space transport services company, recently said that he thinks robots could wipe humans like spam. He warned that AI (Artificial Intelligence) was developing so rapidly that humans would eventually be caught out. He thinks that AI could be potentially more dangerous than nuclear weapons.
  6. Green Day and The Smiths are among the 90’s bands that have been nominated for Rock and Roll Hall of Fame. Other bands include Nine Inch Nails, Stevie Ray Vaughan, Sting, and Bill Withers who have received a nomination, which requires a 25-year recording history. Paul Butterfield Blues Band, Chic, Joan Jett & the Blackhearts have also been nominated for the honour.

Credits - The Hindu, Google.

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