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Cyrus Mistry replaced by Ishaat Hussain as TCS Chairman with immediate effect

Cyrus Mistry has now been replaced as the chairman of Tata Consultancy Services (TCS) with immediate effect on 10 November. He was earlier removed as the chairman of Tata Sons in October.

The company informed about the development in a release to Bombay Stock Exchange.

Reportedly, Ishaat Hussain is set to replace Mistry as interim chairman until a new chairman is appointed.

According to the media reports, TCS received a letter from Tata Sons in which it nominated Ishaat Hussain as the Chairman of the Board of Directors of India's biggest software services exporter.

"Mistry has ceased to be the Chairman of the Board of directors of the company, and Hussain is the new Chairman of the company. The company has been further informed that Hussain shall hold office as Chairman of the company until a new Chairman is appointed," the company said in a filing with the exchanges, reported Reuters.

US: Shooting near anti-Trump rally in Seattle, 5 injured

Five persons have been injured in shooting in Seattle, Washington, near the place where hundreds of people took to the streets to protest against U.S. Republican candidate Donald Trump's victory in 2016 Presidential election.

Reportedly, one person is critically injured.

According to American media report, the shooting took place at Pine Street and 3 Avenue and the police have arrived at the scene. The investigation into the incident is underway.

The gunman allegedly opened fire following a heated argument. According to the police, the shooting not related to the anti-Trump demonstrations.

Scrapping of high-value notes: Deposits above Rs. 2.5 lakh to face tax, penalty of 200% on mismatch

Cash above Rs. 2.5 lakh deposited in banks following the scrapping of Rs. 500 and Rs. 1,000 notes could attract a tax and a 200% penalty in case it is disproportionate to the account owner's income, the government has said.

The banks have been asked to keep the details of PAN card of people depositing such large amounts over the 50-day window till December 30.

Similarly, jewellers have been told to keep PAN details of people buying jewellery on cash. Action will be taken against them in case of non-compliance.

The government's move is the sequel to the scrapping of high denomination notes, meant to flush out black money and counterfeit currency.

"We will be getting reports of all cash deposited during the period of 10 November to 30 December, 2016, above a threshold of Rs. 2.5 lakh in every account," Revenue Secretary Hashmukh Adhia said.

Trump win causes South Park rewrite

Donald Trump becoming the next American president surprised a lot of people, none more so than the creators of South Park, Trey Parker and Matt Stone.

The duo, famous for always having their finger on the pulse of today, hadn't foreseen Trump's election and so had planned for their latest episode, in a season that has been overtly political, to be about Bill Clinton's visit to South Park elementary as First Gentleman.

Titled 'The Very First Gentleman', the trailers for the episode were already out.However, all trailers have been pulled and South Park will instead carry an episode called 'Oh Jeez' which will incorporate the news of Trump's presidential win.

Brain implants allow monkeys with spinal injuries to walk again

A new study published in the science journal Nature will give patients of spinal cord injuries some hope.

The study, on two monkeys with spinal cord injuries, showed that the use of brain implant devices known as brain-spine interfaces, allowed for the decoding of signals from the brain to restore movements of the paralyzed legs in the cases of both monkeys.

The researchers, from the École Polytechnique Fédérale de Lausanne (EPFL), Switzerland, hope to conduct clinical trials of the technology on humans within the next ten years.

Iran exceeds nuclear deal limits

Scarcely a month ago, the lead negotiators of Iran and the US who came to an agreement on Iran's nuclear activities were being hailed as potential Nobel peace prize laureates. However, according to a new UN report that agreement may already be on shaky ground as Iran has violated the terms of the agreement.

The nuclear deal limits the quantities of sensitive materials that the country can hold at any given time. According to the UN, Iran has defaulted on this agreement fr the second time already as the amount of heavy water, used as a moderator in nuclear reactors, has crossed the thresholds of the agreement once again.

The agreement was crucial to the lifting of international sanctions on Iran and the country has pledged to move 5 tonnes of heavy water out of the country at the earliest.