Two militants killed, one arrested during encounter in Kulgam

Security forces on Monday morning killed two unidentified militants in an overnight encounter in Kulgam district of Kashmir while the third was caught alive, the police said.

Security forces launched a cordon and search operation in Khudwani area of Kulgam district following specific information about the presence of some militants there, a police spokesperson said.

The two forces engaged in a gun battle, after which two militants was killed.

Their identity and group affiliation are being ascertained, added the police spokesperson.

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Oncology startup raises capital

OncoStem Diagnostics, a Bengaluru-based oncology focused startup, said that it has raised $6 million in a funding round led by a venture capital firm Sequoia India. The firm said that it was focused on personalised cancer treatment planning through the development of innovative tests that effectively predict the chance of recurrence in patients.

OncoStem said that it would use the funds to deepen research and development, develop effective tests for oral, brain and colon cancer and automate these tests. The company plans to expand it’s presence in India and introduce the test in new markets in Asia as well as in Europe.

India beats Macau 2-0

Two second-half goals from substitute Balwant Singh helped India beat Macau 2-0 in the 2019 AFC Asian Cup qualifiers, which extends India’s unbeaten run to 11.

Balwant Singh scored in the 57th and 82nd minute, first off a header from a corner and then poaching a defensive lapse and scoring from 18 yards.

India is currently ranked 96th in FIFA rankings, while Macau is ranked 183rd.

India currently leads the group which also has Myanmar, Kyrgyzstan and Macau.

Star India bags IPL Deal

Star India has bought Indian Premier League’s global media and digital rights for a whopping sun of Rs 16,347.50 crore. This is for a duration of five years.

Sony Pictures Network paid Rs 8200 crore in 2008 for a ten year deal. Star India currently owns BCCI’s global media rights for home internationals until 2018. The debate on who will clinch the new deal with the weight shifting towards Sony which has recently acquired Ten to its arsenal.

Star India Chairman and CEO Uday Shankar has expressed delight at bringing the IPL to his channel.

India humiliates Sri Lanka to a whitewash

India defeated Sri Lanka in the final ODI of the bilateral series at R Premdasa Stadium at Colombo.

Sri Lanka scored 239 in their stipulated time with half centuries from Thirimanne and Mathews, but a brilliant haul from man of the match, Bhuvaneshwar Kumar restricted the Lankans to a modest total of 238.

India’s start to their inning was shaky as they were down by two wickets at 29 runs. But Kohli’s 30th hundred helped India chase down the target with relative ease. This hundred makes him join Ricky Ponting in the list of number of ODI centuries.

MS Dhoni incidentally passed a career milestone when he stumped Akila Dananjaya which is his 100th in one day international. He is the first wicketkeeper to achieve this feat surpassing Still Lankan Kumar Sangakara.

This was India’s second away whitewash in an ODI series with Kohli’s men having blanked Zimbabwe in 2013.

99% of banned notes back, says RBI

According to the Reserve Bank of India, 99% or 15.24 lakh crore of the junked Rs 500 or Rs 1000 notes are back in the banking system, on Wednesday. Only rs 16,050 crore has not been collected and the centre see this is a step forward in curbing of black money.

This has led the opposition to comment on the efficacy of demonestisation in curbing black money.

Former Finance Minister, P Chidambaram is wondering whether, “demonestisation was a scheme designed to turn black money into white”.

The Centre has revealed that now the work of banks is done and the Income Tax department will have to account the abundance of fundsfrom the said taxpayer, incase of any abnomalies.

Infosys to buyback shares

Infosys Limited had announced a Rs 13,000 cror share buyback on August 19, a day after CEO and MD Vishal Sikka resigned.

The company would buyback upto 113.04 million shares aggregating 4.92% of the paidupequity capital via tender route at a price of Rs 1150.

Infosys said some of its promoters have communicated their intention to participate in the company’s $2 billion buyback. Infosys’ promoters own 12.75% of the company.
“In terms of the buyback regulations under the tender offer route, promoters have the option to participate in the buyback. We would like to inform you that some members of the promoter and promoter group of the company have communicated their intention to participate in the proposed buyback,“ the company said in a filing to the Bombay Stock Exchange (BSE). The company did not specify the promoters.
Infosys’ first ever buyback is second to Rs 16,000 cror share repurchase by TCS aannouncedin April this year.