2 billion years of volcanic activity on Mars unveiled

February 3, 2017

Feb 3: Scientists have uncovered evidence of at least two billion years of volcanic activity on Mars, after analysing a meteorite from the red planet.

volcanicThe finding confirms that some of the longest-lived volcanoes in the solar system may be found on the red planet.

Shield volcanoes and lava plains formed from lava flowing over long distances, similar to the formation of the Hawaiian Islands.

The largest Martian volcano, Olympus Mons, is nearly 27.3 kilometres high. That is almost triple the height of Earth's tallest volcano, Mauna Kea, at 10 kilometres.

The findings offer new clues to how the planet evolved and insight into the history of volcanic activity on Mars, said

Tom Lapen, a professor at the University of Houston in the US.

Much of what we know about the composition of rocks from volcanoes on Mars comes from meteorites found on Earth.

Analysis of different substances provides information about the age of the meteorite, its magma source, length of time in space and how long the meteorite was on Earth's surface.

Something slammed into the surface of Mars one million years ago, hitting a volcano or lava plain. This impact ejected rocks into space. Fragments of these rocks crossed

Earth's orbit and fell as meteorites.

The meteorite, known as Northwest Africa 7635 and discovered in 2012, was found to be a type of volcanic rock called a shergottite.

Eleven of these Martian meteorites, with similar chemical composition and ejection time, have been found.

"We see that they came from a similar volcanic source. Given that they also have the same ejection time, we can conclude that these come from the same location on Mars," said Lapen.

Together, these meteorites provide information about a single location on Mars. Previously analysed meteorites range in age from 327 million to 600 million years old.

In contrast, the meteorite analysed by researchers was formed 2.4 billion years ago and suggests that it was ejected from one of the longest-lived volcanic centres in the solar system.

The study was published in the journal Science Advances.

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Agencies
June 12,2020

Mumbai, Jun 12: Following an overwhelming response for the mega rights issue of Mukesh Ambani-owned Reliance Industries, the partly paid-up rights shares are set to debut on stock exchanges on June 15.

The biggest ever Rs 53,124 crore rights issue was subscribed 1.59 times and received bids worth Rs 84,000 crore on June 3.

Reliance said the rights issue saw a huge investor interest, including from lakhs of small investors and thousands of institutional investors, both Indian and foreign.

In 2019, Ambani said in the Reliance's annual general meeting that the company will be net zero debt by March 2021. The company is on course to achieve its target ahead of the deadline.

"In spite of the COVID-19 crisis and the lockdowns, the due-diligence by Saudi Aramco for the planned investment in the O2C business is on track as both the parties are committed and actively engaged," he said recently.

"With a strong visibility to these equity infusions, Reliance is set to achieve net zero debt status ahead of its own aggressive timeline. We believe rights issue was a part of the company's strategy of deleveraging its balance sheet," said Ambani. 

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Agencies
January 16,2020

Claiming that e-commerce giants like Amazon import as much as 80 per cent of the items sold on their platforms, small manufacturers' body has said that their business models do not benefit local industry and are creating jobs of delivery boys only.

"Neither manufacturers nor traders are getting any benefit from the business models of Amazon and Flipkart because they largely import their products from China and Korea and sell here. Nearly 80 per cent of their products are imported," said Anil Bhardwaj, Secretary General, Federation of Indian Micro and Small & Medium Enterprises (FISME).

Bhardwaj said that the global e-commerce players generally source and sell products through their own preferred suppliers and as a result a large number of local manufacturers and traders get crowded out.

He listed out deep discounting and buying products from preferred companies as unfair practices.

"Even if they buy products from local suppliers the commission charged is very high," Bhardwaj said adding that the issues related to unfair practices have been raised with Commerce Ministry on multiple occasions.

FISME maintains that the technology-driven retail is way forward and one cannot be oblivious of the benefits it brings to consumers but at the same time the local industry can also not be ignored given its role in job creation.

"If both traders and local manufacturers are crowded out then how would the local industry survive and employment be generated?" asked Bhardwaj.

As Amazon Founder and CEO Jeff Bezos is currently on his three-day visit to India, the local traders are up in arms against the "unfair" trade practices of the tech giant. Delhi-based Confederation of All India Traders (CAIT) has launched a countrywide protest against the company and has organised protests across 300 cities.

In a setback to Amazon and Walmart-backed Flipkart, the fair market watchdog Competition Commission of India (CCI) has ordered probe into the business operations of both the companies on multiple counts including deep-discounts and exclusive tie-up with preferred sellers.

"For the first time some concrete step has been taken against Amazon and Flipkart who are continuously violating the FDI policy in indulging in a vicious racket of controlling and monopolising not only the e-commerce but even the retail trade as well," CAIT National Secretary General Praveen Khandelwal said after the CCI order.

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Agencies
June 13,2020

The Brazilian government said that the Amazon rainforest witnessed deforestation of a record 829 sq km in May, the highest monthly level since 2015.

On Friday, the National Institute for Space Research (INPE) said that deforestation in the Amazon increased by 91 sq km compared to the same period last year, reports Xinhua news agency.

Between January and April, destruction of the forest by illegal loggers and ranchers rose 55 per cent, or a total of 1,202 sq km was wiped out, it said.

The Real-time Deforestation Detection system, a federal project created to monitor human activity in the Amazon, alerted authorities to the increase in the rate of destruction of the rainforest.

A recent study by the Amazon Environmental Research Institute (IPAM) warned that deforestation in 2020 could reach 11,900 sq km if the pace of May, June, and July follows the historical average.

Deforestation in the region has soared since President Jair Bolsonaro took office last year, according to conservation groups.

He has argued that more farming and mining in protected areas of the forest were the only way to lift the region out of poverty.

Bolsonaro's environmental policies have been widely condemned but he has rejected the criticism, saying Brazil remains an example for conservation.

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