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Sunday 31 December 2023

10 int'l airlines under DGGI scanner over tax evasion

The Directorate General of GST Intelligence (DGGI) has questioned executives from at least 10 leading foreign airlines in an ongoing investigation related to alleged tax evasion. Finance managers of British Airways, Etihad, Thai Airways, and Qatar Airways have recorded their statements. Lufthansa, Emirates, Oman Airlines, and Singapore Airlines have not yet appeared for questioning. DGGI has asked the airlines to produce documents related to their India-related expenditure and pay tax for services rendered under the new GST regime.

from Times of India https://ift.tt/J4oyYbl

Earthquake shakes part of Indonesia's Papua region

A powerful earthquake shook Papua, Indonesia's easternmost region, causing no serious damage. The magnitude 6.5 quake occurred in Abepura, a subdistrict in Jayapura, the capital of Papua province. It was a shallow earthquake with a depth of 10 kilometers. The region is prone to earthquakes due to its location on the "Ring of Fire". In February, another earthquake in the province resulted in the collapse of a floating restaurant, causing four deaths. Indonesia has a history of earthquakes and volcanic eruptions, with past disasters claiming many lives.

from Times of India https://ift.tt/h6HyFfl

Saturday 30 December 2023

Dalal Street bulls reign in 2023 despite global headwinds

Despite global headwinds, the Indian market witnessed a remarkable recovery in 2023, leading to investors' optimism. The sensex and Nifty gained 19-20% while midcap and smallcap indices surged by 46 percent and 49 percent respectively. Investor wealth reached a record high of Rs 370.6 lakh crore, reflecting the positive sentiment. The market initially faced volatility due to recession fears in the US and a struggling Chinese economy, but the revival started after a dip in March.

from Times of India https://ift.tt/yUbmj20

'Nation of investors can't depend on stocks alone'

Uday Kotak outlines recommendations for India's economic transformation, emphasizing the shift from savers to investors. He suggests that banks should become distributors of corporate debt and expand their reach to mid-sized corporates, MSMEs, and consumers. Kotak highlights the growing interest of Indian savers in investing, facilitated by various platforms such as mutual funds, equities, and insurance funds. He also warns of the need to protect new investors from market bubbles and advocates for tax reforms.

from Times of India https://ift.tt/vVndabM

Cigniti opens new digital assurance & engineering offshore delivery centre in Hyderabad

AI & IP-led digital assurance and digital engineering services provider Cigniti Technologies has set up a new offshore delivery centre (ODC) in Hyderabad as part of its expansion drive. The new 40,000 sq ft facility, which has come up at the International Tech Park in the heart of Hyderabad’s IT hub of Madhapur, will have a capacity to accommodate around 400 techies and will take Cigniti’s total ODC footprint in Hyderabad to around 2.4 lakh sq ft.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/84UW92S

Friday 29 December 2023

Actor & DMDK chief ‘Captain’ Vijayakant passes away at 71

Kollywood star Vijayakant, who rose to fame in films and politics, died at 71. He was survived by his wife and sons. He had been in and out of hospitals in recent years, including a trip to the US for medical treatment. Tamil Nadu CM MK Stalin paid his last respects and announced that Vijayakant would be laid to rest with full state honors at the DMDK headquarters in Koyambedu. Thousands of people joined the procession to honor the departed leader.

from Times of India https://ift.tt/wcCNZgX

Nuclear sector set to power Indian space missions: Isro chief

India's nuclear sector will power future Indian space missions through nuclear propulsion. Isro chairman S Somanath revealed plans for collaboration with the department of atomic energy. Radioisotope heating units in Chandrayaan-3's propulsion module worked flawlessly, generating enthusiasm. The Bharatiya Antariksh Station, an international platform for collaborative research, will be ready by 2028. Isro is also developing a moonbase habitat at a lower cost. Other upcoming missions include Xposat for studying Black Holes and neutron stars, Aditya-L1's mission to the Sun, a satellite for G20 countries, and plans for reusable rockets and space tourism.

from Times of India https://ift.tt/uaNXoOq

‘Prosperity ladder’: Inside ‘coming of age’ yr for India's $585 bln mutual funds industry

India's mutual funds industry is experiencing a blockbuster year, marked by a record surge in assets under management and the addition of more than 20 million new investment accounts. Fueled by the insatiable thirst for financial gains, young Indians armed with smartphones are increasingly investing in equity markets. This trend has boosted fund assets by 19% in the first 11 months of 2023, outperforming major peers like the US, Japan, and China. The industry has come of age, with consistent and sticky flows of domestic money, which have shielded the market from foreign outflows.

from Times of India https://ift.tt/GVZOp9v

Thursday 28 December 2023

Life term for man who killed daughter to escape liabilities

A special court has sentenced Sanu Mohan to life imprisonment for the murder of his 10-year-old daughter, Vaiga, two years ago. Mohan, who confessed to the crime, had planned to take his own life after killing his daughter. In addition to the life sentence, he was also given a cumulative 28-year imprisonment for other offenses. Mohan deceived his wife and relatives, intoxicated Vaiga, suffocated her, and disposed of her body in a river before fleeing to Coimbatore.

from Times of India https://ift.tt/KvOairB

Girl untraceable, man accused of raping minor daughter acquitted



from Times of India https://ift.tt/vKcFURB

Ayurveda degrees: Next big thing for foreigners

Ethel Nyoni from Zambia is studying Ayurveda at Jaipur’s National Institute of Ayurveda to become the first registered practitioner from her country. Many foreigners, including Dr. Avvinish Narine from Trinidad and Tobago and Dr. Fatemeh Moazzami Peiro from Iran, are pursuing Ayurveda degrees at the Jaipur Institute to become Ayurveda ambassadors in their native countries. The vice-chancellor of the institute aims to establish Ayurveda as a branch of medicine abroad. Komivi ADJA from Togo, a mathematics student, also received an AYUSH scholarship to study Ayurveda.

from Times of India https://ift.tt/SwX79bo

Rat Chinese Horoscope 2024 - Pursue growth opportunities fearlessly

Rats can anticipate positive changes and dynamic energy in the Year of the Dragon, symbolizing growth and flexibility. Take up adventures, seek growth opportunities, and adapt with agility. This year is about intellectual growth, mastery of communication, and networking challenges in your career. Strategic communication and networking will lead to financial growth. Strengthen relationships through meaningful dialogue and establish a strong beginning in love.

from Times of India https://ift.tt/F9NYS3W

Wednesday 27 December 2023

Haridwar: Two kids among 6 killed as brick kiln wall falls

Six workers, including two siblings, died while two others were critically injured after a wall in a brick kiln in Haridwar suddenly collapsed in Lahboli village. The buried bodies were taken out with the help of a JCB machine. A case has been registered against brick kiln owner Rishu Malik. The district administration has ordered a magisterial inquiry. The police complaint stated that the kiln owner and his staff were aware of the damaged condition of the wall.

from Times of India https://ift.tt/BeE4ULD

Search for terrorists continue in Poonch-Rajouri forests



from Times of India https://ift.tt/j8bC1ya

Jaishankar’s Russia visit: India inks pacts with “special partner” on more power units of Kudankulam nuclear plant

India and Russia have signed important agreements related to the construction of future power generating units at the Kudankulam nuclear power plant in Tamil Nadu during External Affairs Minister S Jaishankar's visit.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/w1rvKLA

Tuesday 26 December 2023

Two dead, 12 injured as vehicle falls in gorge in J&K’s Reasi



from Times of India https://ift.tt/Ulh6aqu

HC: Automatic cancellation can't be bail condition

The Punjab and Haryana high court has clarified that no condition for automatic cancellation of bail can be imposed. The court ruled that the only condition that can be imposed is that the investigating agency or the complainant can move an application for cancellation of bail. The court must be satisfied that it is necessary to cancel the bail, considering various factors. This ruling came in response to a Faridabad court's order that canceled the bail granted to Rajiya in a narcotics case.

from Times of India https://ift.tt/hQ12B9t

Brigadier, 3 others shifted; Army chief visits Poonch

Army transfers Brigadier and officers of 13 Rashtriya Rifles following terrorist ambush in J&K's Poonch. Deaths of three men during custody sparks protests. Transfers confirmed before Army chief's visit to assess operational preparedness. Disciplinary action considered after internal investigation. FIR filed by J&K police. Compensation and jobs announced for deceased's families. Defence minister Rajnath Singh scheduled to visit Jammu for security review meeting. Change of command expected in 13 RR area. Homage paid to four slain soldiers. Search operation ongoing with mobile internet services suspended.

from Times of India https://ift.tt/OG0i7pF

Monday 25 December 2023

MPPSC to open form filling link for all subjects in AP-2022 exam

MPPSC opens form filling link for Assistant Professor-2022 examination, providing relief to aspirants. Candidates can make corrections in forms till January 14. SET or NET examination is required for eligibility. The SET was held after a gap of four years, with 36,000 candidates applying for AP posts. Hindi, History, political science, commerce, and Sanskrit have the most applicants. Schedule and examination pattern announced for eight subjects, including Botany, Commerce, English, Hindi, History, Home Science, Mathematics, and Sanskrit.

from Times of India https://ift.tt/pYLgq8J

Sunday 24 December 2023

IIT-K dean giving speech on health collapses on stage, dies

Professor Sameer Khandekar, the Dean of Students Welfare and Head of the Mechanical Engineering Department at IIT-Kanpur, passed away from cardiac arrest while delivering a speech at an alumni meet on Friday evening. Ironically, he collapsed on stage while discussing a health-related topic, with his last words reportedly urging others to take care of their health. The 53-year-old had been dealing with cardiac health issues since 2019. Despite being rushed to Laxmipat Singhania Institute of Cardiology, he was declared dead upon arrival.

from Times of India https://ift.tt/u5Xpq7l

J&K: Compensation for families of 3 civilians that died in custody

J&K administration announces compensation and jobs for families of villagers found dead near site of terrorist ambush in Poonch district. Calls for impartial investigation into alleged deaths in Army custody. Army acknowledges civilian fatalities and commits to supporting investigations. Deceased villagers were among those detained for questioning in connection with the ambush. Political figures demand thorough investigation into circumstances of civilian deaths. Security forces continued a cordon-and-search operation in the forests of Rajouri and Poonch districts.

from Times of India https://ift.tt/ukKAsoy

New York Mets hit with record luxury tax of nearly $101 million for season of fourth-place finish

The New York Mets, owned by Steve Cohen, have been hit with a record luxury tax bill of nearly $101 million after finishing in fourth place in the NL East. This marks their first time owing tax money. The final amount owed by the Mets would have been slightly higher, but they received a tax credit under a provision in the latest collective bargaining agreement. The total spending on luxury tax payrolls in MLB rose to a record high.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ZgPGYSW

Saturday 23 December 2023

Man dies in police custody on Jammu outskirts

A 35-year-old man died in police custody on the outskirts of Jammu in Jourian area on Friday. Police said Sushil Kumar alias Sonu of Garhi Bishnah in Jourian died under suspicious circumstances at Jourian police post. Sushil’s body has been sent to the Government Medical College and Hospital (GMCH), Jammu, for postmortem while the matter is being investigated, police said. Meanwhile, family and relatives of the deceased staged a protest at the police station concerned, demanding an in-depth probe into the matter and punishment to the culprits.

from Times of India https://ift.tt/8j1M3sN

Poonch ambush: NIA steps in, army hunts for terrorists

NIA sleuths arrived in Jammu's Poonch to investigate the terrorist ambush on army vehicles that killed four soldiers. The banned People's Anti-Fascist Front (PAFF), a Pakistan-backed group, claimed responsibility for the attack. The terrorists used US-made M40 rifles and took positions on hilltops. The situation in the Jammu region is a cause for concern, with a decrease in terrorist activity in the Kashmir valley and shifting of troops to the LAC with China being cited as possible reasons for the increase in attacks.

from Times of India https://ift.tt/ghoZFR0

Friday 22 December 2023

Govt set to miss target for divestment in 2023-24 too

The Centre is set to miss its privatisation target for state-run companies this year due to stalled progress and limited appetite before elections. Roadblocks, including bureaucratic sloth, have hindered the process, affecting big-ticket enterprises like IDBI Bank. Stake sales in state-run banks and an insurance company recommended for privatisation by NITI Aayog have not moved forward. The privatisation of Pawan Hans has been scrapped, and the large public sector policy has not taken off. The disinvestment process is now awaiting the new government for a fresh start.

from Times of India https://ift.tt/J0zlh69

3rd ODI: Ton-up Samson, Arshdeep power India to 2-1 series win over South Africa

Sanju Samson hit a fine century as India defeated South Africa by 78 runs in the third ODI to clinch the three-match series 2-1 in Paarl on Thursday. Sent into bat, India lost openers early before Samson (108), which was his maiden ODI hundred, and Tilak Varma (52) made useful contributions to take 296 for eight. Chasing 297, opener Tony de Zorzi made 81 but none of the other Proteas batter could support him as the hosts were bowled for 218 in 45.5 overs.

from Times of India https://ift.tt/9sWQg2B

Baloch activists protesting against ‘extra-judicial killings’ arrested

Baloch nationalists protesting against extrajudicial killings and enforced disappearances in Balochistan were arrested and blocked from entering Islamabad. The police used water cannons and tear gas on the demonstrators and took women protestors to women police stations. The protesters had reached Islamabad after a long march from Turbat district. The police blamed the protesters for creating law and order problems. The Human Rights Commission of Pakistan condemned the violent police crackdown and demanded the unconditional release of all detainees.

from Times of India https://ift.tt/BFGT0jU

No, Zomato is not making $2bn acquisition, what CEO Goyal has to say

Zomato denies reports of acquisition offer for Shiprocket by Bloomberg.

from Times of India https://ift.tt/vkqLPlf

Thursday 21 December 2023

Pandemic puppies power pet care business boom

Lockdown loneliness during the pandemic has led to a surge in pet parenting in nuclear families, resulting in the rapid growth of India's pet care industry. Pet adoption has increased across metros as well as tier-2 and -3 cities, driven by factors such as rising disposable incomes, changing lifestyles, and increased knowledge of the benefits of pet ownership. Furthermore, the increasing number of Gen Z and millennial pet owners has fueled the demand for innovative and high-quality pet care solutions. This trend is expected to continue, with the pet population in India projected to grow at a CAGR of 9.2% between 2022 and 2027.

from Times of India https://ift.tt/kzGEYjO

Indian student found dead, UK cops and family denies report

The family of an Indian Sikh student who has gone missing in London have denied media reports that he is dead and say they are still anxiously looking for him. TOI spoke to the India-based brother of Gurashman Singh Bhatia, 23, known as Ashman Singh, who has been missing since his birthday celebration on Friday night. He and his mother are anxiously waiting in Model Town, Jalandhar, whilst Bhatia’s father has arrived in London and is searching for his beloved son with the help of a relative in the UK.

from Times of India https://ift.tt/YXLQjbu

Wednesday 20 December 2023

Unclaimed deposits with banks up 28%



from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/LATWsbB

India likely to grow above 6% over next 5 years: International Monetary Fund

The IMF expects India's economy to grow above 6% over the next five years, driven by strong investment, private consumption, and digitalisation-driven productivity gains. The report commends India's macroeconomic policies and reforms, resulting in a strong and resilient economy. India is on track to be one of the fastest-growing major economies. The IMF calls for continued appropriate policies to sustain economic stability and further progress in key structural reforms. The report also praises RBI's proactive monetary policy actions and commitment to price stability.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/x0Bk91o

2nd ODI: De Zorzi ton guides SA to 8-wicket win over India

Left-handed opener Tony de Zorzi scored a career-best unbeaten 119 from 122 balls to lead South Africa to an emphatic eight-wicket win over India in the second ODI at St George’s Park on Tuesday and level the three-match series at 1-1. South Africa won the toss and sent India into bat, restricting the visitors to 211 all out in 46.2 overs on a wicket that was not easy to score on. They chased down their target with 45 deliveries remaining to set up a series decider in Paarl on Thursday.

from Times of India https://ift.tt/FjgTNIf

Tuesday 19 December 2023

With $125 billion, India retains top spot in remittance chart: World Bank

Remittances to India are estimated to rise over 11% to $125 billion in 2023, helping it retain the top spot ahead of Mexico and China. Flows to South Asia are estimated to have grown 7.2% in 2023 to reach $189 billion. Remittances from highly skilled Indians in the US, the UK, and Singapore account for 36% of total remittance flows to India. The UAE is the second-largest source of remittances to India after the US, accounting for 18% of the total.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/pm0RWTu

Noise set to make more 'noise' as Bose invests in the company

US-based audio equipment maker Bose has acquired a minority stake in Indian wearables startup Noise as part of Noise's Series A round. Noise, which holds the second position in the overall wearables segment, aims to raise more funds. The investment figure and the quantum of stake acquired by Bose remain undisclosed. Nicholas Smith, senior vice president of strategy and business development at Bose, expressed excitement about collaborating with Noise and bringing new products to the growing market.

from Times of India https://ift.tt/NZaeHr2

Monday 18 December 2023

Kajol's mother, veteran actress Tanuja hospitalised in Mumbai

Tanuja who is known for a number of films like Baharein Phir Bhi Ayengi', 'Jewel Thief' among others has been admitted to a hospital in Juhu due to age-related issues..

from Times of India https://ift.tt/OQrfBe1

Internet shutdown in Pakistan ahead of PTI's virtual meet

Netblocks reports nationwide internet disruption ahead of PTI's virtual power show on social media platforms in Lahore, Karachi, and Islamabad. Users complain of difficulty accessing platforms and slow internet services. Former PTI leader Taimur Jhagra notes internet issues coinciding with online rally. YouTube and Ufone4G affected, millions of subscribers and businesses impacted. Pakistan ranked third in the world for internet restrictions. No statement from Pakistan Telecommunication Authority (PTA) yet.

from Times of India https://ift.tt/b4u8mka

No alternative to IMF program to rid Sri Lanka of economic slump: President Wickremesinghe

Sri Lankan President Ranil Wickremesinghe defends the IMF program as the only option to address the island nation's economic bankruptcy. He emphasizes the need for tough decisions and debt restructuring to correct past economic wrongs. Wickremesinghe highlights negotiations with India, China, and the Paris Club for debt concessions. He calls for credible alternative plans from critics and warns against misleading statements. The IMF reforms and high cost of living will impact the 2024 election year.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/RFTC7vo

Sunday 17 December 2023

Suspension of MPs not tied to breach: LS speaker Om Birla

Lok Sabha Speaker Om Birla has addressed the suspension of opposition members in Lok Sabha, stating that it should not be linked to the security breach. Birla emphasized that there is no association between the two incidents and that similar security breaches in the past did not lead to disruptions. The suspension of members was done to uphold the sanctity of the House, and measures will be taken to ensure their security. Birla also mentioned the formation of high-level committees to investigate the incident and formulate action plans for enhanced security.

from Times of India https://ift.tt/fE3bq6V

Focus on moving up services value chain rather than manufacturing to propel India into 'Amrit Kaal': Former RBI governor Raghuram Rajan

India's ambition to march into `Amrit Kaal’ by 2047 is an important one but the current pace of growth is not enough to get us there as we will still remain a lower middle-income economy by then, former RBI governor Raghuram Rajan said here on Saturday. Speaking at an interactive session organised by Manthan, Rajan mooted a focus on high-value added services instead of manufacturing to productively harness the country’s demographic dividend and propel the country into 'Amrit Kaal' because if India does not grow faster, it would grow older demographically before it gets richer.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/6Mz2xnB

If growth rate is not over 6%, India will remain lower middle economy by 2047: Raghuram Rajan

Former RBI governor warns that India will remain a lower middle-income country by 2047 if the growth rate remains at 6% annually without population rise. The country will reach the end of its demographic dividend and face the burden of an aging population. The per capita income will only quadruple to $10,000 if the current growth rate continues. Some southern states are experiencing a decline in fertility rate, leading to a slower population growth. The current pace of growth is insufficient to employ new labor force entrants and make the country richer before it gets older.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/9bsSTN8

Saturday 16 December 2023

UGC says get-from-India foreign degrees not valid

A business school in Karjat offers UK university degrees to hundreds of students without any interaction with UK faculty or campus. Similarly, a Bengaluru college provides academic pathways for international degrees without requiring students to leave the country. However, these arrangements have been questioned by the University Grants Commission (UGC), which states that degrees from unrecognized institutes will not be valid. Students who have enrolled in these programs have discovered that their degrees are not recognized, leading some to take legal action.

from Times of India https://ift.tt/cW8FN2Y

Ex-high ranking FBI agent gets prison term for helping Russian oligarch

Former FBI special agent, Charles McGonigal, has been sentenced to over four years in prison and fined $40,000 for providing information to a Russian oligarch in violation of US sanctions. McGonigal, who led a counterintelligence division, received a payment for laundering money from a Russian bank to his private account. The judge, Jennifer H Rearden, stated that the sentence was meant to balance McGonigal's 22 years of FBI service with the seriousness of his crimes. McGonigal also awaits another sentencing for concealing payments from a former Albanian intelligence officer.

from Times of India https://ift.tt/gw5O6Jt

Friday 15 December 2023

Dropping out of insurance policy? It's set to pinch less

Irdai proposes new rules to protect policyholders' interests by increasing payouts for early policy surrender. Insurers face the dilemma of lower sales or lower profits. Higher payouts can be achieved by cutting commissions, but this may affect sales. Retaining commissions or paying higher can result in profit loss. The regulator aims to curb mis-selling and increase persistency. The proposed rules include a premium threshold for surrender charges and spreading out commissions. This is not the first time the regulator has addressed surrender charges.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/NzWZMic

Actor Shreyas Talpade suffers heart attack

Actor Shreyas Talpade, aged 47, experienced a heart attack shortly after wrapping up a film shoot on Thursday evening. Following the incident, he was swiftly taken to an Andheri hospital, where he underwent angioplasty. The actor's family instructed the medical staff not to disclose specific details regarding his condition or the treatment administered. Talpade had been working on the film 'Welcome to the Jungle.' Throughout the day, he reportedly filmed various scenes, including minor action sequences, and was observed to be in good spirits, laughing, and joking on the set, according to unit members.

from Times of India https://ift.tt/Enz2APD

Thursday 14 December 2023

US Fed holds key lending rate steady, signals cuts in 2024

The US Federal Reserve voted to keep interest rates at a 22-year high for a third straight meeting. The Fed's decision allows policymakers to determine the extent of any additional policy firming. The inclusion of the word 'any' dampens expectations of another interest rate hike. The decision keeps rates high as the Fed fights inflation towards a long-term target of two percent. The Fed also published updated economic forecasts, upgrading its growth outlook for this year and reducing it for 2024.

from Times of India https://ift.tt/MAzCKTl

US Federal Reserve likely to leave rates unchanged, signal drop in 2024

The US Federal Reserve is expected to keep interest rates unchanged but signal a gradual shift towards monetary policy easing. Quarterly economic projections will likely include rate cuts by the end of next year. Fed Chief Jerome Powell will emphasize that any rate cuts are contingent on further improvement in inflation. Recent data on producer prices suggests inflation is dropping faster than expected. The Fed meeting will provide views on inflation, unemployment, and GDP in the coming years.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/uwJ9MmO

Wednesday 13 December 2023

Relief for UK's Sunak as MP's vote in favor of Rwanda migration bill

UK lawmakers voted in favor of the government's plans to send migrants to Rwanda, despite objections from human rights monitors and a Supreme Court ruling declaring it illegal under international law. The Safety of Rwanda (Asylum and Immigration) Bill, supported by 313 MPs, aims to eliminate legal challenges to deportation orders and declare Rwanda a safe destination. However, it has caused division within Prime Minister Rishi Sunak's Conservative party, with some right-wing Tories calling for stronger proposals. The bill's passage is expected to face further political challenges with planned amendments in January.

from Times of India https://ift.tt/ELF0ehS

Retail inflation at 3 month high, IIP growth fastest in 16 months

Retail inflation in November rose to a three-month high led by surging food prices, while industrial output growth in October soared to a 16-month high, driven by robust manufacturing, electricity, and mining sector expansion. Inflation, measured by the consumer price index (CPI), increased by 5.6% annually in November, surpassing October's 4.9% but slightly lower than November 2022's 5.9%. The food price index rose to 8.7% during the month, with vegetable prices soaring 17.7% and pulses shooting up 20.2%.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/5zehLR2

Israel starting to lose support, says Biden

US President Joe Biden urges Israeli Prime Minister Benjamin Netanyahu to change his hardline government and accept a Palestinian state, increasing pressure on Israel. Biden expresses concern over the bombing in Gaza and the high number of Palestinian civilian casualties. He emphasizes the need for Israel to make moves to strengthen regional unity and warns that Israel cannot reject the idea of a Palestinian state. Biden's national security adviser, Jake Sullivan, plans to travel to Israel to discuss the war in Gaza with Israeli officials.

from Times of India https://ift.tt/ua37J0p

Tuesday 12 December 2023

Why Airtel, Reliance Jio & Vodafone support this US bill

The Cellular Operators Association of India (COAI) is urging the Indian government to adopt a bill similar to the one proposed in the US Congress. The bill, called the Lowering Broadband Costs for Consumers Act of 2023, aims to make large internet apps contribute to infrastructure costs in order to lower broadband costs for consumers. It also proposes that the Federal Communications Commission (FCC) mandate social media platforms, streaming services, and other edge service providers to contribute to a universal fund for building networks. The bill classifies various services including social media platforms, streaming services, video gaming services, and search engines under edge service providers. COAI believes that this bill supports their stance and wants only large traffic generators to contribute to infrastructure costs in India.

from Times of India https://ift.tt/haATJBe

Bank of America appoints 334 new managing directors, down 8% from last year

Bank of America promoted 334 employees to managing directors, including 75 investment bankers and 64 trading division employees. The cohort is 8% smaller than the previous year, but over half are women and people of color. Goldman Sachs will promote 608 executives to managing directors next year, fewer than two years ago. Bank of America CEO Brian Moynihan expects the bank to outperform rivals in investment banking fees for Q4. The industry-wide investment banking fee pool is expected to decline by 10% to 15%.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/TuwXlEh

Monday 11 December 2023

Retribution, grudge behind killing of Karni outfit chief?

The assassination of Karni Sena chief Sukhdev Singh Gogamedi seems to be fueled by the resentments of the Lawrence Bishnoi syndicate. Gogamedi was accused of abandoning protests against the encounter of gangster Anandpal Singh and allegedly misusing the funds collected in his name. The syndicate's grudge was further fueled by the proximity of Rohit Godara, Bishnoi's associate, to Anandpal's daughter. The caste angle to the killing has been dismissed by officials.

from Times of India https://ift.tt/LWjXHKr

COP28: Nations to set 7 climate adaptation goals for 2030

The ongoing UN climate summit released the first draft text on global goal on adaptation (GGA) which includes seven specific nationally determined targets. Countries will need to conduct risk and vulnerability assessments, establish early warning systems, and formulate national adaptation plans. However, the adoption of the GGA framework depends on consensus and increased climate finance mobilization by developed countries. The draft also addresses the language on the phase out of fossil fuels, a crucial topic of discussion at the summit.

from Times of India https://ift.tt/VzbTjf2

Vishnu Deo Sai, 59-yr-old tribal leader, to be next C'garh CM

Vishnu Deo Sai, a grassroots leader, has been chosen as the Chief Minister of Chhattisgarh. Known for his gentle demeanour, organisational skills, and tribal roots, Sai's rise to power follows his journey from interning on the political shop floor to earning his stripes on the big stage. With the BJP's massive victory in the state, where the tribal population accounts for over 32% of voters, Sai's appointment reflects the party's strategy to connect with the electorate and counter the aggressive brand of politics practiced by the opposition Congress party.

from Times of India https://ift.tt/2jyVqWR

India rejects 'secret memo' claim over Nijjar killing

India strongly rejects fake a report alleging a secret memo issued by the Indian government in April to take concrete measures against Sikh separatists, including Hardeep Singh Nijjar. Indian spokesperson dismisses the report as part of a sustained disinformation campaign against India and accuses the outlet as known for propagating fake narratives peddled by Pakistani intelligence. In September, Canadian Prime Minister Justin Trudeau alleged the potential involvement of Indian agents in the killing of Khalistani extremist Nijjar. India rejected the charges as absurd.

from Times of India https://ift.tt/b4ue5R6

Sunday 10 December 2023

Shooters who killed Sukhdev Singh Gogamedi arrested



from Times of India https://ift.tt/n2TLUiz

Horoscope Today: Read your daily astrological predictions

Read daily horoscope predictions for December 10, 2023: Know all about the astrological events and influences that will be affecting each of the 12 zodiac signs. Get ready to discover what the stars have in store for you today!

from Times of India https://ift.tt/zxaVk8S

Friday 8 December 2023

Revanth Reddy Telangana CM, 4 Reddys in cabinet of 12



from Times of India https://ift.tt/COW2SsQ

EAM: US' Pannun inputs impact our national security

India decided to investigate the alleged plot to assassinate Sikh separatist Gurpatwant Singh Pannun after receiving inputs from the US, which were related to organized crime and national security. An inquiry committee has been formed to look into the matter. Canada did not provide any specific evidence or inputs regarding the killing of pro-Khalistan terrorist Hardeep Singh Nijjar. The US has urged India to participate in the Canadian probe, as Ottawa's claims are based on intelligence shared among the 'Five Eyes' countries.

from Times of India https://ift.tt/OYS1p6E

Pak N-weapons plan was always India-centric, says 1980 US cable

Pakistan's nuclear weapons programme has always been India-centric and focused on assuring that it will not suffer any strategic disadvantage. A 1980 cable released by the American embassy in Islamabad to the state department reveals that the US government is not optimistic about resolving the conflict over nuclear issues with Pakistan. The cable highlights the narrowness of local attitudes towards the proliferation hazards of sensitive nuclear technology.

from Times of India https://ift.tt/NXYaujq

Tesla's Dojo supercomputer head leaves, former Apple exec to lead - Bloomberg News

Tesla's Dojo supercomputer project lead Ganesh Venkataramanan has left the company, Bloomberg News reported on Thursday citing people familiar with the matter. Peter Bannon, a former Apple executive and director at Tesla for the last seven years, is now leading the project, the report said. The Dojo supercomputer was designed to process vast amounts of data and video from Tesla cars to train the automaker's autonomous-driving software. The company did not immediately respond to a Reuters request for comment.

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Thursday 7 December 2023

Sensex nears 70k, Nifty 21k, BSE m-cap at all-time high

Sensex and Nifty closed at new highs for the third and fourth consecutive sessions, respectively. The Sensex reached an all-time high at 69,745 points, while the Nifty touched a new life high at 20,962 points. Improved investor sentiment, falling crude oil prices, and hopes of rate cuts by the US Federal Reserve boosted investors' confidence. Domestic funds had a net inflow of Rs 1,372 crore, while foreign investors were net sellers at Rs 80 crore. The day's gains added Rs 2.4 lakh crore to investors' wealth, with BSE's market capitalisation now at Rs 355.6 lakh crore.

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INDIA parties to attend Revanth Reddy's event today

The INDIA bloc parties plan to hold a joint meeting during the winter session to discuss seat-sharing for the 2024 Lok Sabha polls. In a show of coordination, TMC leader Mamata Banerjee will attend the meeting, while Rahul Gandhi has invited her to Telangana's swearing-in ceremony. The INDIA alliance leaders have been meeting every morning to coordinate floor strategy. However, there are concerns about the negative impact of alliance partners contesting against each other in the recent Hindi heartland state elections.

from Times of India https://ift.tt/6OeaG23

Wednesday 6 December 2023

HC snaps online proceedings as miscreants insert porn clips

The Karnataka high court has suspended video-conferencing and livestreaming services at its Bengaluru, Dharwad, and Kalaburagi benches due to unprecedented cybersecurity issues. Miscreants infiltrated the Zoom platform used by the court, playing pornographic videos during live proceedings. Livestreaming of proceedings on YouTube has also been halted. This incident reflects the trend of cyberattacks known as 'Zoom-bombing' that have targeted video conference calls during the Covid pandemic.

from Times of India https://ift.tt/5ltGoaV

Isro gears up to bring Lunar samples on Chandrayaan-4

Isro's successful propulsion module (PM) experiment for Chandrayaan-3 has boosted plans for Chandrayaan-4, which aims to bring back Moon samples. Isro chairman S Somanath revealed that the next mission will require docking of systems, and Isro is planning the Space Docking Experiment (SPADEX) to test this technology. SPADEX will also provide valuable data for space rendezvous technology, crucial for future space station missions. Isro is also working with Japan on the Lunar Polar Exploration (Lupex) mission.

from Times of India https://ift.tt/9ldBoyP

BNPL startup ZestMoney to shut down

ZestMoney, a Buy Now Pay Later (BNPL) startup, is shutting down its operations, affecting around 150 employees. The decision follows unsuccessful acquisition attempts by PhonePe, a larger peer, earlier this year. PhonePe's due diligence process did not meet its standards, leading to the deal's cancellation. Despite Walmart-owned PhonePe hiring some of ZestMoney's employees, the startup's co-founders stepped down, and a new leadership team was appointed. ZestMoney faced financial challenges, with losses increasing from Rs 125.83 crore in FY21 to about Rs 398.82 crore in FY22.

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Tuesday 5 December 2023

Adani group stocks in heavy demand; Adani Green Energy jumps 9%

Adani group shares extended gains following state poll results, pushing the total market valuation of group companies to the Rs 12 lakh crore mark. Adani Green Energy, Ambuja Cements, Adani Enterprises, ACC, Adani Ports and Special Economic Zone (APSEZ), Adani Power, Adani Energy Solutions, Adani Total Gas, NDTV, and Adani Wilmar all saw significant increases in their share prices. The combined market capitalisation of all Adani group firms hit Rs 12 lakh crore, the first time since facing a slump earlier this year.

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Monday 4 December 2023

ED, CBI now likely to step on the gas

PM Narendra Modi backs Centre's anti-corruption drive, claiming voters' support; warning to parties involved in corruption; ED and other agencies to continue their task; corruption charges against CMs and their family members dismissed as politically motivated; Delhi CM Kejriwal to expect fresh ED summons after elections; close confidants in jail, ex-minister out on bail; serious corruption charges against opposition leaders and their associates.

from Times of India https://ift.tt/LtKuZke

A hat-trick for a hat-trick, bullish PM Modi predicts 2024

Modi asserts BJP's hat-trick in state elections as an endorsement of development and good governance, guaranteeing a hat-trick in 2024 Lok Sabha polls. Victory speech criticizes INDIA bloc for dividing people on the basis of caste and warns against appeasement, corruption, nepotism, and hindrances to development. Emphasizes zero tolerance for corruption, appeasement, and dynastic politics. Verdict supports probe agencies' campaign against corruption, indicating public mandate.

from Times of India https://ift.tt/rdNWutI

Sunday 3 December 2023

35km from Silkyara, water leak from tunnel spooks villages



from Times of India https://ift.tt/HPQDVxM

India & China skip renewable pledge, 118 nations sign

India and China abstained from a pledge at the CO summit to triple global renewable energy generation capacity and double energy efficiency by 2030, aligning with India's stance to prioritize coal-fired power plants. India maintains that it does not want to compromise on power availability for economic growth and has kept the option to use coal until 2030. While committed to increasing non-fossil power capacity, India wants to negotiate the terms of any commitment to avoid hindering poverty alleviation efforts.

from Times of India https://ift.tt/jsPNIkf

Stage set for counting of votes in 4 states today; parties face crucial test ahead of LS polls

All eyes are on the outcome of the fiercely contested electoral battle in Madhya Pradesh, Rajasthan, Chhattisgarh, Telangana, and Mizoram. The counting of votes in these states will start today at 8am. These elections are crucial for the Congress and the BJP as the results will set the tone for the Lok Sabha elections next year. The exit polls predict that the Congress may win in Telangana and Chhattisgarh, while the BJP may win in Madhya Pradesh and Rajasthan.

from Times of India https://ift.tt/EHNBTqa

Comviva penalised Rs 1 lakh for delay in transferring CSR funds to PM Relief Fund

IT firm Comviva has been fined Rs 1 lakh for the delay in transferring unspent corporate social responsibility obligation to the Prime Minister's National Relief Fund, according to a regulatory filing. The Ministry of Corporate Affairs' Regional Director for the Northern Region ruled against Comviva's appeal and upheld the penalty. The delay was due to technical reasons, and Comviva is in the process of depositing the penalty amount with the Ministry of Corporate Affairs.

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Saturday 2 December 2023

Unwilling to return money, killers shoot hirer in UP

UP Police claims to have solved the murder case of a property dealer in Bulandshahr. The victim, Tejpal Singh, had hired contract killers to eliminate his wife due to a property dispute. The killers, unable to carry out the plan, decided to shoot Singh instead. The murder took place in Singh's house, which was locked from outside. The police had to break the door open. The killers faced difficulties due to the presence of CCTVs around the house.

from Times of India https://ift.tt/vqYCjw2

Satta market gives clear majority to BJP in Rajasthan

Trends in Rajasthan's biggest satta bazar suggest an absolute majority to the BJP in the upcoming assembly elections. The bookies are offering odds of 1.25 to 1 for BJP winning 117 seats and for Congress not winning more than 70 seats. Many prominent leaders, including Ashok Gehlot, Vasundhara Raje, and Sachin Pilot, are predicted to win their respective seats. However, the fortunes of some leaders are uncertain due to rebels contesting against them, such as BJP's Balaknath and Narpat Singh Rajvi, and Congress' B D Kalla and Harish Chaudhary.

from Times of India https://ift.tt/1dPDtjz

Friday 1 December 2023

China’s SAIC signs JV with Sajjan Jindal to expand in India

JSW group will acquire a 35% stake in MG Motor India, a unit of China's SAIC. Jindal had been eyeing the auto industry for several years and chose MG Motor India as the Chinese company faced difficulties due to fund-raising restrictions. Jindal is expected to gain a majority 51% stake over the next few years as MG Motor goes for an IPO and new financial investors enter. The deal will provide Jindal with access to a range of automotive technologies and allow MG Motor to expand in India and pursue acquisitions.

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The average long-term US mortgage rate falls to 7.22%, sliding to lowest level since late September

The average long-term US mortgage rate fell for the fifth week in a row, benefiting prospective homebuyers in an unaffordable housing market. According to Freddie Mac, the average rate on a 30-year mortgage decreased to 7.22%, the lowest in 10 weeks. The decline in rates is encouraging for potential buyers, with purchase application activity rising. However, rates remain significantly higher than two years ago, limiting affordability for many Americans.

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Thursday 30 November 2023

'Will enforce CAA': Amit Shah vows to stop infiltration

Home Minister Amit Shah virtually kicks off the BJP's 2024 Lok Sabha campaign in Kolkata, emphasizing the implementation of the Citizenship (Amendment) Act (CAA) and asserting the rights of Hindu refugees. Shah expresses confidence in BJP forming the Bengal government in 2026 and urges voters to support Prime Minister Modi in the upcoming election. He criticizes the Mamata Banerjee government, urging voters to choose BJP for change and development in the state.

from Times of India https://ift.tt/fPKv2xm

Imran Khan steps down, Gohar Khan named interim PTI chief

Imran Khan steps down as leader of Pakistan Tehreek-e-Insaf (PTI), handing over to close associate Gohar Ali Khan in a temporary arrangement amid legal challenges. Imran's decision follows his conviction in the Toshakhana graft case. The move aims to prevent electoral watchdog interference and maintain the party's integrity. Imran plans to contest intra-party polls after the prompt resolution of legal issues. Gohar expressed gratitude for being picked to head Pakistan's main opposition party. "I am stunned. There are no words to express my gratitude to Imran Khan sahib."

from Times of India https://ift.tt/pYwX8VF

Wednesday 29 November 2023

Israel pushes India for Hamas ban amid Arab solidarity show

Following Israel's ban on Pakistan-based terror group Lashkar-e-Taiba, Israel ambassador Naor Gilon expressed hope India will proscribe Hamas, saying the Netanyahus government has already shared information with Indian authorities about its terrorist activities. "We did whatever was expected from our side. Now it is for the Indian government to decide - if, where, how, how fast," said Gilon, when asked if India had indicated to Israel it was considering a ban on Hamas.

from Times of India https://ift.tt/GCIefng

$40,000 dinner with Xi Jinping: The price of business negotiations in China



from Times of India https://ift.tt/KtdpVFe

India's pharma business can reach $130 billion by 2030: Industry experts



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Tuesday 28 November 2023

NGOs stoking ethnic tension in Manipur, says SC panel

The Supreme Court-appointed committee's ground situation report on ethnic conflicts in Manipur accuses state NGOs of obstructing the cremation of 88 bodies preserved in mortuaries and preventing the acceptance of ex gratia. The committee, headed by former Jammu and Kashmir Chief Justice Gita Mittal, highlights the pressure exerted by civil society organizations (CSOs) on relatives not to accept the bodies. The report also mentions CSOs opposing the performance of last rites and maintaining tension between communities in Manipur.

from Times of India https://ift.tt/8HdfIjn

Lab2Market: JNCASR to set up India’s first CO2-to-methanol plant in Telangana

Bengaluru's Jawaharlal Nehru Centre for Advanced Scientific Research (JNCASR) is setting up India's first plant to convert CO2 into methanol at a power plant in Telangana. The plant, commissioned by the Central Mine Planning & Design Institute Limited (CMPDI) with a recommendation from Coal India Limited, is expected to be completed in 2024. The technology, developed by JNCASR's startup Breathe Applied Sciences, will help control environmental pollution by converting CO2 into methanol, reducing the need for imports from China.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/5xVkM4v

Monday 27 November 2023

Revenue official mowed down by MP mining mafia

Prashann Singh, a Madhya Pradesh revenue official, was crushed to death under a tractor by sand mining mafia in Shahdol district late Saturday. He was a patwari in Beohari revenue division. An ex-serviceman, he was an honest and diligent official of the revenue department, said his seniors. The murder, which took place at Gopalpur village on the banks of River Son, 565km east of Bhopal, around 11pm Saturday, was the latest in a string of horrific attacks by the mining mafia on police personnel and other government employees.

from Times of India https://ift.tt/I3Dv9ce

Deregulation helps ONGC command premium over Brent on Mumbai crude

Deregulation of domestic crude appears to have tipped the balance in favour of producers as green shoots of a free market emerge. In term deals signed after getting marketing freedom, state-run producer ONGC is commanding a premium over global benchmark Brent for Mumbai offshore oil in spite of attempts by buyers, also from the public sector, to beat down prices by leveraging discounts on Russian supplies. ONGC produces 13-14 million tonnes per annum of crude oil from its fields in the Arabian Sea, off the Mumbai coast.

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Sa Re Ga Ma Pa winner Albert Kabo Lepcha says my wife is my strength

Albert Kabo Lepcha from Kalimpong, West Bengal, emerged as the winner of Sa Re Ga Ma Pa 2023.

from Times of India https://ift.tt/5NC9w4m

Russia puts Meta spokesman on wanted list

Russian authorities have added Andy Stone, the spokesperson of US tech giant Meta, to a wanted list. Stone's inclusion on the list comes after Russian authorities classified Meta as a 'terrorist and extremist' organization. The interior ministry's database does not provide details of the charges against Stone. In February 2022, Stone was put on the wanted list, but the matter was not reported until this week. Meta's actions following Russia's invasion of Ukraine led to a criminal probe by Russia's federal Investigative Committee.

from Times of India https://ift.tt/nCbfaFl

Sunday 26 November 2023

Cash-for-query-row: CBI begins inquiry in Mahua Moitra case

CBI has initiated an inquiry into the cash-for-query allegations against Trinamool Congress MP Mahua Moitra on a reference from anti-corruption ombudsman Lokpal, sources said on Saturday. Officials informed that Lokpal had received a complaint from BJP MP Nishikant Dubey against Moitra alleging that she had taken bribes to raise questions in Parliament. He had also accused Moitra of compromising national security for monetary gains. There was no formal statement from either CBI or the Lokpal on the issue.

from Times of India https://ift.tt/QkuWBfP

BJP to fight 26 LS seats in Maha, Sena & NCP 22 together: Fadnavis

Deputy chief minister Devendra Fadnavis on Saturday said the seat-sharing formula for the 2024 Lok Sabha elections among the Mahayuti constituents BJP, Shiv Sena and the (Ajit Pawar-led) NCP has almost been finalised for Maharashtra, and it is proposed that while BJP will contest 26 seats, Sena and NCP together will contest 22. Maharashtra has 48 LS seats in all. BJP had fought 25 LS seats in 2019 and the then-undivided Shiv Sena 23, with the BJP winning 23 and Sena 18.

from Times of India https://ift.tt/xa4TDEu

Saturday 25 November 2023

Nitish most credible OBC face in politics: JD(U) neta

JD(U) leader and Bihar’s water resources minister Sanjay Kumar Jha on Friday said CM Nitish Kumar is the most credible OBC face in politics who remains the principal pole of Bihar politics and would never be playing a second fiddle to anybody. Rebutting some BJP leaders’ recent demand that Nitish retire from politics in the wake of his controversial remarks in the assembly over birth control, Jha said the CM is a towering leader not only in Bihar but has also been setting agenda in national politics.

from Times of India https://ift.tt/JUCABHo

Fight deepfakes or face action, govt tells social media, Net cos

The government has warned top social media and internet companies that their platforms may be temporarily suspended and even be ordered blocked in case they are unable to tackle the menace of deepfakes. Besides, they have been advised to work out methods to issue “pop-ups” for users once they log into their accounts. The pop-ups, akin to the cautionary advice that users get when they log into their online financial investment accounts such as Zerodha, will carry the ‘no go list’ for subscribers, explicitly giving out details on what kind of content is not to be uploaded, or shared.

from Times of India https://ift.tt/tv49IUD

Friday 24 November 2023

For 1st time since Mahua row, Mamata backs MP

Bengal CM Mamata Banerjee broke her silence on the cash-for-query controversy involving Trinamool Congress MP Mahua Moitra on Thursday, rallying behind her and declaring BJP's alleged attempt to oust her from Parliament "a foolish thing to do". "This way, they will end up making her more popular," Mamata said at a party convention in Kolkata, echoing Moitra's claim that the parliamentary ethics committee's report recommending her expulsion had turned her into "Jhansi ki Rani". TMC reinstated Moitra as the party's Krishnanagar district president recently, with Mamata endorsing the appointment.

from Times of India https://ift.tt/UhNbsko

Hear review plea on gay marriage in open court, petitioners to SC

LGBTQIA+ community members on Thursday requested an open court hearing on their petitions seeking review of the Supreme Court’s October 17 judgment rejecting marriage rights for same-sex couples, and tactically based their demand on CJI D Y Chandrachud’s minority opinion – “when there is discrimination, it must be remedied by the courts”. Senior advocate Mukul Rohatgi told a bench led by the CJI that the review petitions, listed for consideration in chambers before a five-judge bench on November 28, must be heard in the open court.

from Times of India https://ift.tt/5mPzC1Y

Thursday 23 November 2023

Trapped brothers clueless about death of kin

They grew up in the same sleepy hamlet, playing, cracking jokes and waking up together. But fate played a cruel joke and life changed completely for the Bediya family of Khairabera in 11 days. First, news that 22-year-old Rajendra Bediya and his two brothers, Anil Bediya (22) and Sukhram Bediya (23), were trapped in the Uttarkashi tunnel shocked the family on November 12. Late on Tuesday, news of the accidental death of Dinesh Bediya and Shankar Bediya, also in their twenties, left everyone in the household shattered.

from Times of India https://ift.tt/od853qF

Wednesday 22 November 2023

SC to govt: Deny MSP to those lighting farm fires

Sending a clear “stick must follow the carrot” message to farmers whose refusal to stop stubble-burning has been a major factor behind air pollution in the national capital region, the Supreme Court on Tuesday suggested that the Centre stop buying their crop so that they are denied the benefit of minimum support price (MSP). The bench, also emphasised that the Centre and Punjab government must try to promote alternative crops to replace rice cultivation which has depleted water levels in the state and leads to stubble burning.

from Times of India https://ift.tt/8buNVQw

ED attaches ₹750 cr AJL assets, including Herald House in city

The Enforcement Directorate on Tuesday attached properties worth over Rs 750 crore, including the well-known Herald House near ITO, belonging to Associated Journals Ltd (AJL), the publisher of National Herald and other party mouthpieces of the Congress, in a money laundering case against party leaders Sonia Gandhi and her son Rahul, and Young Indian, which now controls AJL. Congress slammed the ED's action as “shameful vendetta politics in a frivolous case” and dubbed BJP the “murderer” of democracy.

from Times of India https://ift.tt/o4vCFG1

OpenAI board opens talks for possible return of Altman



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US reaches over-$4 billion settlement with world's largest cryptocurrency exchange, source says

The US government has reportedly reached a settlement with cryptocurrency exchange Binance, amounting to over $4 billion. The settlement comes after Binance was accused of operating as an unregistered securities exchange and violating US securities laws. The charges against Binance were similar to those faced by the now-collapsed cryptocurrency exchange FTX. Binance's CEO, Changpeng Zhao, has also faced allegations of diverting customer funds and concealing assets.

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Tuesday 21 November 2023

Courts can give pre-arrest bail outside jurisdiction: SC

The Supreme Court has ruled that high courts and session courts are not prohibited from considering anticipatory bail pleas. The court introduced the concept of transit anticipatory bail in which the accused can be protected from arrest until they reach a court with territorial jurisdiction for the alleged offense. The court stated that a restrictive interpretation of the law would undermine the constitutional rights of a personal liberty and access to justice for the individual.

from Times of India https://ift.tt/kN4c5tA

Anne Richards steps down as Fidelity International CEO

Anne Richards has stepped down as the CEO of Fidelity International after five years and will assume the position of vice chair at the company. With over 30 years of experience in asset management, Richards, who previously led M&G Investments and served as CIO at Aberdeen Asset Management, oversaw significant growth during her tenure, with Fidelity's assets reaching $714.3 billion. In her new role as vice chair, Richards will focus on external relationships and strategic partnerships.

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Bigg Boss 17: Naved Sole gets eliminated from the first ever ‘mid-week eviction’; contestants get emotional

Bigg Boss 17 had its first mid-week eviction, with Naved getting eliminated. The housemates had to collectively choose three contestants they thought were least deserving. Naved's name came up, leaving many shocked and emotional. Rinku Dhawan and Jigna Vora, who were close to Naved, were particularly emotional. There was also a fight between Mannara Chopra and Abhishek Kumar, and Ankita Lokhande got emotional while talking about her ex-boyfriend Sushant Singh Rajput. Khanzaadi got into a fight with Rinku Dhawan, leading to criticism from other contestants.

from Times of India https://ift.tt/VpCdkG0

Monday 20 November 2023

Tesla, auto MNCs likely to get relief on local value addition

In what can be a major relief for Tesla and other multi-national car companies looking to import electrics in India at a specially-crafted and subsidised 15% duty regime that is being proposed, the government may exclude cost-heavy batteries, semiconductors, and magnetic parts from the committed localisation norms for global companies. The relaxation will be a significant reprieve for global companies that would need to fulfil domestic value addition conditions to avail the lower duty regime.

from Times of India https://ift.tt/PEWMHRV

4.6 lakh flyers on World Cup eve set record after lean Diwali

The World Cup final led to a boost in air traffic in India, with almost 460,000 domestic flyers on Saturday. This was the highest-ever figure recorded, in contrast to the lean daily numbers seen during the Diwali season. Industry insiders attribute this to the high advance fares set by airlines before Diwali, which led travellers to choose AC classes on premium trains instead. However, looking at the excitement in the audience, airlines later lowered the fares.

from Times of India https://ift.tt/SsB4XIp

Sunday 19 November 2023

ASI gets 10 more days to file Gyanvapi survey report

The Varanasi district court has granted the Archaeological Survey of India (ASI) an additional 10 days to submit its scientific survey report of the Gyanvapi mosque complex. The ASI had previously requested 15 more days to complete the report, but the court has instructed them to submit it by November 28. The ASI had been ordered to conduct a survey to determine if the mosque was built on the remains of a temple.

from Times of India https://ift.tt/PjHeFmp

Will implement UCC in 6 months, BJP vows in Telangana

The BJP has released its manifesto for the upcoming assembly elections in Telangana, promising to implement the Uniform Civil Code and investigate corruption allegations against the BRS government. The party also vowed to fast-track sub-categorization in reservations for scheduled castes, reduce VAT on diesel and petrol, and provide various welfare schemes for women and girls.

from Times of India https://ift.tt/xtlIwgO

OpenAI fires Altman on video call: Tech world convulsed

OpenAI, the artificial intelligence pioneer, has ousted CEO Sam Altman due to a loss of confidence in his leadership. Mira Murati, previously the company's chief technology officer, has been named interim CEO. Altman's departure was unexpected, and three top-level researchers have reportedly quit. Altman co-founded OpenAI and gained fame after the launch of the popular chatbot ChatGPT.

from Times of India https://ift.tt/RfN3qPi

Saturday 18 November 2023

EAM Jaishankar calls for Global South self-reliance

India's foreign minister, S Jaishankar, emphasized the need for the Global South to have a greater role in shaping solutions to key global issues at the second Global South summit. He called for self-reliance and diversification of production to mitigate economic vulnerabilities. The summit, attended by nearly 130 countries, discussed topics such as development, finance, health, education, and environment. Indian Prime Minister Narendra Modi highlighted the growing autonomy and desire for a bigger role in global affairs among developing countries.

from Times of India https://ift.tt/DmeA3o9

India can become biggest market for Hyundai globally in near future: HMIL CEO

India can become the biggest market for South Korean auto major Hyundai globally in the near future with demand for automobiles expected to remain strong, Hyundai Motor India Ltd (HMIL) MD and CEO Unsoo Kim said on Friday. ​​HMIL accounts for 18.6 per cent (in the January-September period) of the South Korean automaker's global volumes. It expects to breach the 20 per cent mark in the next 2-3 years. It is in the third position after the US and South Korean markets.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2m8JgQb

Friday 17 November 2023

UGC syncs PG, UG courses to give students flexibility

The University Grants Commission (UGC) in India has approved a new curriculum and credit framework for postgraduate programs, in line with the restructuring of undergraduate programs under the National Education Policy 2020. The new framework offers flexibility for students to switch disciplines, choose courses of interest, and pursue alternative modes of learning. It also specifies the minimum credit requirements for different formats of postgraduate degrees. Additionally, the framework allows students to pursue multiple academic programs simultaneously, either in physical or online modes.

from Times of India https://ift.tt/y9Wfno0

Israel targets Hamas tunnels with attack dogs, ‘sponge’ bombs

Israel's military is using a range of technologies to detect and destroy Hamas' network of tunnels in Gaza, including surveillance drones, bunker-buster bombs, bulldozers, attack dogs, and robots. The aim is to minimize the risk to soldiers by blocking and damaging the tunnels, rather than sending troops in. However, experts warn that without ground forces, it is difficult to assess the extent of the damage. Hamas is considered a terrorist group by the US and European Union.

from Times of India https://ift.tt/tZNzlow

Astra Zeneca plans to exit manufacturing at Bangalore

AstraZeneca Pharma will exit manufacturing at its only plant based in Bangalore, as part of a ``global strategic review’’. The company with revenues of over Rs 1000 crore, feels that it can derive more value for its shareholders by transferring core manufacturing to a contract manufacturer. As a part of AstraZeneca's ongoing strategic review of its global manufacturing and supply network, the company intends to exit the manufacturing site in Bangalore, in due course, it said in a stock exchange filing.

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Thursday 16 November 2023

Rs 25K crore: What happens to Sahara funds?

Following the death of Sahara group founder Subrata Roy, the Securities and Exchange Board of India (Sebi) is working to return Rs 25,000 crore of unclaimed funds to investors. The funds were collected by Sahara group from investors through various schemes and were ordered by the Supreme Court to be deposited with Sebi. While Sebi has received over 20,000 applications from investors, only Rs 138 crore has been refunded so far. The fate of the remaining funds, which could be appropriated by the government, remains uncertain.

from Times of India https://ift.tt/yi12tKs

Chandrayaan-3 launch vehicle fragment re-enters earth

The Indian Space Research Organisation (Isro) announced that the cryogenic upper stage of the LVM3 M4 launch vehicle, which successfully launched the Chandrayaan-3 spacecraft, re-entered the Earth's atmosphere in an uncontrolled manner. The rocket body re-entered the atmosphere over the North Pacific Ocean and did not pass over India. The re-entry occurred within 124 days of its launch, complying with the 25-year rule for low-Earth orbit objects. The rocket body had undergone passivation to minimize the risk of accidental explosions and adhere to space debris mitigation guidelines.

from Times of India https://ift.tt/78uGzoS

How Kohli's historic ton and seven-star Shami powered India to fourth World Cup final

Virat Kohli scored a record-breaking 50th one-day international hundred and Mohammed Shami took seven wickets as India beat New Zealand by 70 runs to reach the Cricket World Cup final on Wednesday. Kohli made 117 to surpass the ODI century record he had shared with India great Sachin Tendulkar, and Shreyas Iyer clubbed a rapid 105 in a commanding total of 397 for 4. New Zealand were then dismissed for 327 despite Daryl Michell's 134 with paceman Shami taking a sensational career-best 7-57.

from Times of India https://ift.tt/xPXNQjF

Wednesday 15 November 2023

Over 12k vote from home for Rajasthan polls

Over 12,000 elderly and disabled voters in Jaipur, Rajasthan have cast their votes in the first phase of home voting for the assembly elections. These voters, who are aged above 80 or have disabilities, are eligible to vote from their homes. The Election Commission has sent special polling teams to record their votes in postal ballots in complete secrecy. A total of 62,927 voters in the state have applied for home voting. Voting will continue through postal ballots until November 19.

from Times of India https://ift.tt/Hhp8LGy

Isro prods youth to design robotic rovers for future missions

The Indian Space Research Organisation (ISRO) is inviting innovative ideas and designs for robotic rovers from the youth as part of a space challenge. The challenge, called 'Isro Robotics Challenge-URSC 2024', aims to provide development opportunities in space robotics and leverage creative thinking among Indian youth for future interplanetary missions. The challenge will involve building robots to compete in an extra-terrestrial-inspired arena and performing tasks based on real-life challenges faced by space robotics.

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Braverman launches scathing attack against UK PM Rishi Sunak

Former British interior minister Suella Braverman has criticized Prime Minister Rishi Sunak, saying that his plan is not working and urging him to change course to avoid election defeat. Braverman accused Sunak of failing on immigration and anti-Semitism, and described his rejection of withdrawing from the European Convention on Human Rights as a "betrayal." She also accused Sunak of putting off tough decisions to minimize political risk. Braverman's letter comes a week after she accused the police of left-wing bias, leading to her dismissal from her ministerial position.

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Indiabulls Housing Finance Q2 net profit rises 3% to Rs 298cr

Mortgage player Indiabulls Housing Finance on Tuesday reported a marginal 3 per cent rise in consolidated net profit to Rs 298 crore in the second quarter ended September 2023. The company had reported a net profit of Rs 289 crore in the July-September quarter of last fiscal. Its total income during the quarter under review rose to Rs 2,242 crore from Rs 2,231 crore in the corresponding quarter a year ago, Indiabulls Housing Finance said in a regulatory filing.

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Tuesday 14 November 2023

Rishi Sunak faces first no-confidence letter following cabinet rejig

UK Prime Minister Rishi Sunak is facing his first vote of no confidence after firing Interior Minister Suella Braverman. Conservative Party member Andrea Jenkyns criticized Sunak for removing Boris Johnson as leader and purging the center-right from the cabinet. Jenkyns submitted the no confidence letter to "stand up and fight for true Conservatism." A vote of confidence in Sunak's leadership would be initiated if 15 percent of the party's MPs sent letters indicating their choice for a new leader. The reshuffle was triggered by Braverman's criticism of the police's handling of protests.

from Times of India https://ift.tt/cYnhCEz

ONGC to start pumping oil from $5 billion KG block next fortnight

State-run ONGC will start pumping crude from its $5-billion project off the Andhra coast in the next fortnight, bringing on stream the delayed project that is pivotal for reversing the company’s declining fortunes as a result of maturing fields. Output from the KG-DWN 98/2, the second deep sea project in the east coast after RIL-BP’s KG-D6 acreage, will give a fillip to domestic oil production at a time when dependence on imports is rising on the back of expanding oil demand.

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Suella sacked, ex-PM Cameron makes shock return as foreign secretary

UK Prime Minister Rishi Sunak has sacked Indian-origin Home Secretary Suella Braverman and appointed former PM David Cameron as Foreign Secretary in a cabinet reshuffle. Braverman was fired following controversial comments she made criticizing the police's handling of pro-Palestine protests and making derogatory remarks about the homeless. Cameron's appointment marks his return to frontline politics after a seven-year absence. He will now speak for the government in the House of Lords. Critics have described his appointment as a "dead cat strategy."

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Monday 13 November 2023

MP villagers postpone their Diwali by a week as it falls on polling day

A village in Madhya Pradesh, India, has postponed its Diwali celebrations by seven days due to the coinciding of the festival with the state's voting day. The tribal community in Sajanpur follows a traditional method of determining the date of Diwali celebrations, and the village elders had originally scheduled it for November 17. However, to avoid any interference with the voting process, the celebrations have been rescheduled for November 24. The village's residents want to ensure that people can vote without any distractions and make informed decisions.

from Times of India https://ift.tt/yo3jDni

MP villagers postpone their Diwali by a week as it falls on polling day

A village in Madhya Pradesh, India, has postponed its Diwali celebrations by seven days due to the coinciding of the festival with the state's voting day. The tribal community in Sajanpur follows a traditional method of determining the date of Diwali celebrations, and the village elders had originally scheduled it for November 17. However, to avoid any interference with the voting process, the celebrations have been rescheduled for November 24. The village's residents want to ensure that people can vote without any distractions and make informed decisions.

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'It'll reap what it sows': Why Pakistan's harsh crackdown on Afghan migrants may backfire



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Happy Govardhan Puja: Wishes, messages, quotes, images and more

Govardhan Puja, also known as Annakoot, is a festival celebrated in India to commemorate Lord Krishna's victory over the rain god Indra. It is observed on the fourth day of the Kartika month, usually in October or November. Devotees visit temples to offer prayers, flowers, fruits, and sweets to Lord Krishna and Mount Govardhan. Families come together to enjoy a vegetarian feast and reflect on the importance of faith and the environment.

from Times of India https://ift.tt/umiU70f

Sunday 12 November 2023

Allot grandson flat promised to deceased man 48 yrs ago: Bombay HC

The Bombay High Court has directed the Maharashtra Housing and Area Development Authority (Mhada) to allocate a flat to a man whose family has been waiting for close to 48 years. The family was evicted from their room in 1975 and has been waiting for re-accommodation ever since. The court noted that the delay in allotment was due to a discrepancy in the size of the flat, but ruled in favor of the petitioner and ordered Mhada to allocate a 579 sq ft flat.

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Saturday 11 November 2023

59% of women detected with breast cancer after its spread

A new study has found that only 30% of women in India are diagnosed with breast cancer when the disease is still confined to the breast, while 59% are diagnosed when it has spread to nearby structures or lymph nodes. Additionally, 11% of women are diagnosed with cancer that has spread to distant parts of the body. For India, the data from 28 population based cancer registries was included in the analysis coordinated by the ICMR-NCDIR, Bengaluru. The study, conducted across 81 countries, highlights the importance of early detection and timely diagnosis.

from Times of India https://ift.tt/SCz4FTw

Tesla faces strikes in Sweden unless it signs a collective bargaining agreement

Trade unions in Sweden are putting pressure on Tesla to sign a collective bargaining agreement, similar to what most employees have in the country. The metalworkers' union, IF Metall, has already staged a walkout at workshops where Tesla cars are serviced, and other trade unions have joined in solidarity. The unions are threatening to prevent the handling and painting of Tesla cars if an agreement is not reached. Former Swedish prime minister and head of IF Metall, Stefan Löfven, has also encouraged Swedes to suspend purchases of Teslas until an agreement is signed.

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Song on millets featuring PM Modi nominated for Grammy

Indian-American singer Falu and Prime Minister Narendra Modi's collaboration on a song promoting the benefits of millets has been nominated for a Grammy award in the best global music performance category. The song, titled "Abundance in Millets," was released in celebration of the "International Year of Millets" and aims to raise awareness about the grain as a potential solution to world hunger. Falu was inspired to create the song after meeting PM Modi in New Delhi following her Grammy win in 2022.

from Times of India https://ift.tt/D854bBC

Friday 10 November 2023

Bihar assembly clears bills to increase quota limit from 50% to 65%

The Bihar assembly has passed bills increasing quotas for Scheduled Castes, Scheduled Tribes, Backward Classes, and Extremely Backward Classes in government jobs and educational institutions from 50% to 65%. This brings the overall reservation to 75% when including the 10% for economically weaker sections. The bills were passed unanimously and will become law after the consent of the governor. Chief Minister Nitish Kumar called for a caste census and urged BJP legislators to appeal for special category status for Bihar.

from Times of India https://ift.tt/8oNG5ux

Odisha showcases tourism potential at London travel trade show

The state government of Odisha showcased its tourism potential at the World Travel Market in London to attract overseas tourists. The government delegation held meetings with stakeholders and promoted the annual eco-retreat glamping festival. The state's tourism industry has seen a significant recovery in 2022, with an 875% growth in the inflow of foreign tourists compared to 2021. The top three countries generating the most international tourists for Odisha were the USA, Japan, and Germany.

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Thursday 9 November 2023

Indian journalist targeted with Pegasus, says global scribes body



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148 vs 133: India beats China in QS university rankings for Asia

India has surpassed China as the most represented higher education system in Asia, with 148 featured universities in the latest QS World University Rankings. IIT-Bombay and IIT-Delhi are among the top 50 universities, and there are five other Indian institutions in the top 100. India also achieves the second-best regional results in papers per faculty among the higher education systems. The increasing visibility of Indian universities in the rankings reflects the dynamic expansion of India's higher education landscape.

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Reliance Retail to take Swadesh store to US and Europe

Country's leading retailer Reliance Retail has plans to take its Swadesh store, retailing traditional Indian art and craft, to the US and Europe. Reliance Retail on Wednesday opened its first standalone store of Swadesh at Hyderabad, which was inaugurated by Nita Ambani, founder and chairperson of Reliance Foundation. Spread over 20,000 square feet, Swadesh store would have over 400 products of handmade textiles, handicrafts, agricultural products that are listed with geographical indications.

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Wednesday 8 November 2023

Army boosting aviation corps with new choppers, drones & missiles

The Indian Army is enhancing its strike, surveillance, and airlift capabilities by inducting various helicopters, drones, and missiles. Plans are underway to induct 126 light utility helicopters, 90 combat choppers, six heavy-duty Apache gunships, and 25 advanced light helicopters. The Army Aviation Corps is also setting up additional integrated aviation brigades. The old Cheetah and Chetak helicopters will be retired and replaced with new light utility helicopters. The recent induction of Israeli drones has boosted strategic surveillance along the Line of Actual Control.

from Times of India https://ift.tt/GbHnL3v

Lingotto buys additional 16.5 percent stake in TVS Industrial and Logistics Parks

Investment management firm Lingotto has acquired an additional 16.5% stake in TVS Industrial and Logistics Parks, bringing its total stake to 21%. TVS ILP, a part of TVS Mobility Group, has entered into a strategic partnership with Lingotto, which is owned by Exor NV. British International Investor, a UK's DFI, has sold part of its stake to Lingotto. The transaction took place at an enterprise value of Rs 2,800 crore. Lingotto is an independent investment management company based in London.

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Tuesday 7 November 2023

Jailed Iranian Nobel laureate Mohammadi goes on hunger strike

Nobel Peace Prize winner Narges Mohammadi has begun a hunger strike in an Iranian jail in protest against the lack of access to medical care. The women's rights advocate, who won the award earlier this month, has reportedly been denied treatment for heart and lung conditions as she refused to wear a headscarf during a hospital visit. Mohammadi is currently serving multiple sentences totalling 12 years imprisonment on charges including spreading propaganda against the Islamic Republic.

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Israel cuts off north Gaza as Palestinian toll tops 10,000

Israeli forces have cut off northern Gaza from the rest of the territory and launched intense air strikes, preparing for a push into Gaza City. The death toll in Palestine has exceeded 10,000, with over 4,100 children and 2,600 women among the casualties. Israel has vowed to crush Hamas, and the war is expected to escalate as troops enter Gaza City. The Israeli military said it had successfully encircled the north and south of Gaza, and ground troops have taken over a Hamas compound.

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Israeli air strike on Gaza's hospital kills one, injures several others

An Israeli air strike that hit a building belonging to Gaza's Al Shifa hospital killed one Palestinian and wounded several others, according to the spokesman of Gaza's ministry of health. The spokesperson further said that the building is hosting 170 injured and other displaced people. ​Israel has launched air and ground attacks on the Gaza Strip following a cross-border attack by Hamas on October 7.

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TVS SCS clocks consolidated Q2 net loss of Rs 30 crore

TVS Supply Chain Solutions (TVS SCS) reported a net loss of Rs 30 crore in the second quarter, compared to a loss of Rs 51 crore in Q1. “On a consolidated basis, Q2 EBITDA margins expanded 100 bps YoY as margin expansion in the Integrated Supply Chain Solutions (ISCS) segment helped balance the Network Solutions (NS) segment,” the company said in a statement. “Consistent margins and decrease in interest expenses helped narrow the loss before tax and exceptional items to Rs 4.5 crore from a loss of Rs 10.7 crore in Q1 FY24.”

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Monday 6 November 2023

Most banks not big on small personal loans

Bank chiefs have expressed concerns about the stress in unsecured loans, particularly in the fintech-driven digital lending of small-ticket personal loans. There is an expectation that the Reserve Bank of India (RBI) may make it more difficult for banks to lend to this segment, which is considered riskier. The State Bank of India (SBI) chairman stated that the unsecured book is better than the secured book, indicating that SBI does not extend loans below Rs 50,000.

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New CIC, 2 commissioners likely to be appointed today

Heeralal Samariya, currently serving as an information commissioner, is set to become the new chief information commissioner of the Central Information Commission (CIC). Two new information commissioners, Anandi Ramalingam and V K Tiwari, are also set to be appointed. Samariya, a former IAS officer, was chosen by the selection committee led by PM Narendra Modi. The appointments are expected to be announced soon. The CIC has been without a chief for over a month.

from Times of India https://ift.tt/iyB4fzn

CM Baghel will now be operated by remote from Dubai: Smriti Irani

Union Minister Smriti Irani has accused Chhattisgarh Chief Minister Bhupesh Baghel of being controlled by a remote from Dubai, suggesting his involvement in the Mahadev betting app scandal. She claimed that the Congress government had cheated the women of Chhattisgarh by not fulfilling its promise to ban liquor, instead looting Rs 2,000 crore through a liquor scam.

from Times of India https://ift.tt/7j9SPJ2

Sunday 5 November 2023

Tiffin box with 2kg IED planted on NH stretch in Jammu

A major tragedy was averted on Saturday with the timely detection and destruction of a timer-based improvised explosive device (IED) that had been concealed in a tiffin box and planted along the Sidhra-Narwal stretch of the Jammu-Srinagar national highway near a police checkpoint.

from Times of India https://ift.tt/JO894GR

NYT writer quits after accusing Israel of ‘genocide’

Jazmine Hughes, a staff writer for the New York Times Magazine, resigned after violating the company's policy by signing an open letter accusing Israel of genocide against Palestinians. The letter, titled "Writers Against the War on Gaza," blamed Israel for deaths in a terrorist attack by Hamas. The conflict between Israel and Gaza has led to restrictions on freedom of expression, with many institutions dealing with members who feel strongly about the conflict. Hughes had previously criticized her newspaper's op-ed desk for publishing a column by Senator Tom Cotton.

from Times of India https://ift.tt/XzRg4u3

UAW says GM outlines EV investment plans, will raise wages

The United Auto Workers union has reached a tentative contract deal with General Motors that includes investments in electric vehicles and wage increases for US hourly workers. The agreement follows a similar pattern set at Ford and Stellantis, providing base wage increases and improved conditions for temporary workers. The contract will raise wages for over 7,000 UAW workers in GM component plants, service parts warehouses, and subsystems operations. UAW leaders will now seek approval from union members at the Detroit Three.

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Saturday 4 November 2023

Why Bain & Co. CEO Manny Maceda thinks India is a compelling investment destination

Manny Maceda, the Worldwide Managing Partner and CEO of Bain & Co. has said, “India has always been a great, unique opportunity.”

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Oil heads for weekly loss as geopolitical risk premium wanes

Oil prices fell on Friday as concerns over Middle East tensions eased and US jobs data suggested that the Federal Reserve may not raise interest rates further. Brent crude futures dropped 1.2% to $85.81 a barrel, while US West Texas Intermediate crude futures fell 1.3% to $81.42 a barrel. Both benchmarks were on track for weekly losses of over 5%. In addition, a private sector survey showed that China's services activity expanded at a slightly faster pace in October, but sales grew at the slowest rate in 10 months and employment stagnated.

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Friday 3 November 2023

Astronaut captures ‘ghostly’ face in northern Africa

Astronauts aboard the International Space Station have captured a photo of Trou au Natron, a volcanic pit and soda lake in northern Chad that resembles a ghostly face. The photo shows the outline of the face, with the "eyes" and "nose" being cinder cones and the "mouth" covered in a mineral crust made of natron. Trou au Natron is situated southeast of Tarso Toussidé, a volcanic area with fumaroles and an active stratovolcano. It's one of several volcanic peaks in the Tibesti Mountains.

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Air India in dock for aircraft with less emergency-use oxygen

Air India is being investigated by the Directorate General of Civil Aviation (DGCA) for using a Boeing 777 with insufficient emergency oxygen on a recent Delhi-US nonstop flight. The pilot refused to operate the aircraft due to the oversight, and the DGCA has requested information from the airline. Most aircraft have enough oxygen for 12-15 minutes per passenger, but planes flying over high mountains, such as the Hindu Kush range, need extra oxygen for 25-30 minutes.

from Times of India https://ift.tt/BQg5wFU

How 'Trishul' tattoo helps cops crack Delhi robbery

The identification of the accused was made possible due to a distinctive 'trishul' tattoo on his left forearm, according to officials.

from Times of India https://ift.tt/owxVBpN

'Real-money gaming headed for a squeeze after GST ruling'

The online real-money gaming industry in India is expected to decline significantly after the government imposed a 28% tax on user collections, according to a report by Lumikai. However, the report predicts that the overall gaming industry will continue to grow at a compound annual growth rate of 20% between FY23 and FY28, reaching revenues of $7.5 billion. The growth will be driven by in-app purchases and ad revenues, rather than real-money gaming.

from Times of India https://ift.tt/w2c3CYh

Thursday 2 November 2023

Coca-Cola India profit jumps 57% in Financial Year 23

Coca-Cola India's consolidated profit for FY2022-23 increased by 57.15% to Rs 722.44 crore, while revenue from operations jumped 45% to Rs 4,521.31 crore. Expenses on advertising and sales promotion also rose by 52.05% to Rs 1,122.11 crore. The company attributed the growth to volume growth, price-mix, and an increase in sales, particularly in rural regions. Coca-Cola India has increased its marketing spending and focused on digital-first engagement with consumers.

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Wednesday 1 November 2023

2 coaches, engine of train derail in Prayagraj

Around 9 pm on Tuesday, two coaches and the locomotive of the Suhaildev Express, which operates between Anand Vihar in Delhi and Ghazipur, derailed at Prayagraj railway station. This incident happened just two days after a collision between passenger trains in Andhra Pradesh resulted in the tragic loss of 13 lives and injuries to 50 individuals. The derailment occurred on the railway track adjacent to platform No. 9, according to sources. No casualty was reported, North Central Railway's chief PRO Himanshu Shekhar Upadhyay said.

from Times of India https://ift.tt/Bu3zYLO

Customs fails to detect passenger with 1kg gold concealed in rectum



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Mark Mobius sees Sensex hitting 1 lakh mark in 5 years, says India's future looks very exciting

Mark Mobius expressed his optimism about India's growth potential, stating that the benchmark Sensex could reach the 1,00,000 milestone in the next five years. He also highlighted India's promising economic growth prospects and the significant role played by a tech-savvy young population.

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Tuesday 31 October 2023

Why more Chinese are risking their lives to enter US

These migrants often embark on a perilous journey across eight Latin American countries to reach the US southern border. Their journey typically begins in Ecuador, one of the few Latin American nations that offer visa-free travel for Chinese citizens. From Ecuador, they move to Necoclí in Colombia, which serves as a starting point to traverse the dangerous Darién Gap, a dense forest and swampy terrain connecting Central and South America. Throughout this journey, these migrants face numerous threats, including robbery, abuse, and even death.

from Times of India https://ift.tt/37oS8yQ

Mamaearth raises Rs 765 crore from anchor investors ahead of IPO

Mamaearth's parent company, Honasa Consumer, has raised ₹765.2 crore from 49 anchor investors ahead of its IPO launch on October 31. The company has also allocated shares worth ₹253.6 crore to domestic mutual funds. Mamaearth's IPO consists of a fresh issue of shares worth ₹365 crore and an offer for sale of up to 4.12 crore shares. Promoters, founders, and investors will be offering shares in the OFS. The IPO is expected to fetch about ₹1,701 crore at the upper end of the price band. The offer will close on November 2.

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Monday 30 October 2023

Assembly polls: Congress announces six guarantees in Telangana



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Indian pacers look best in the world: Wasim Akram

Mohammed Shami led an inspired bowling display as India hammered England by 100 runs on Sunday to stay unbeaten in the World Cup and all but push the defending champions out of the semi-final race.

from Times of India https://ift.tt/Vr87Jdu

VinFast Auto, rival to Elon Musk's Tesla, starts shopping for land in India for EV plant; sees "tremendous potential"

VinFast recently expressed its intention to establish a manufacturing facility in India. The company is set to invest approximately $200 million. The Vietnamese electric vehicle manufacturer is widely seen as a rival to Elon Musk's Tesla.

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Sunday 29 October 2023

UN Gaza vote: Opposition slams India's stand; BJP says can't side with terror

The Congress party, along with several other opposition parties, criticised the Indian government for abstaining from voting on the UN resolution on Gaza. Priyanka Gandhi Vadra expressed shock and shame over India's decision, stating that it goes against the principles of non-violence and truth that India stands for. BJP defended its position, stating that the resolution was silent on Hamas' brutality and India would never support terrorism. The opposition parties accused the Modi government of being a subordinate ally of US imperialism and consolidating the US-Israel-India nexus.

from Times of India https://ift.tt/IQg5c76

Para-athletes make history with record 111-medal haul at Asiad

India's differently abled athletes made history at the Para Asian Games in Hangzhou, winning a record-breaking 111 medals, including 29 gold. This surpassed India's previous highest medal tally in any major multisport event. The athletes' success reflects the government's support through initiatives such as the Khelo India scheme and the Target Olympic Podium Scheme. The Paralympic Committee of India president expressed hope that the country's para-athletes will achieve even greater success at the 2024 Paris Paralympics.

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IDFC First Bank posts 35% quarter 2 profit



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Breakthrough drug promises longer lives for man's best friend

A biotech company called Loyal plans to conduct a large clinical trial to test a revolutionary drug disguised as a sweet treat that has the potential to extend the lives of dogs by at least a year. The trial, which is set to involve 1,000 dogs over the age of 10, aims to determine if the drug can actually increase lifespan and improve the quality of life for older dogs. The identity of the drug is being kept secret until the trial concludes for commercial reasons.

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Saturday 28 October 2023

IOC 4th refiner globally to make 'reference' fuels



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Local company ShyamVNL develops solution to block illegal mobile phone usage in prisons

ShyamVNL, an Indian company specializing in cyber intelligence and security, has developed a technology to combat illegal mobile phone usage in prisons. The solution, unveiled at a defense and security exhibition in New Delhi, blocks mobile phone usage within a coverage area and provides mobile identity detection and location tracking. The technology aims to put control in the hands of prison authorities, eliminating dependence on mobile operators and enhancing security in prisons and other critical sites.

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Friday 27 October 2023

2 families, continents apart, bond over Xmas cake and memories

A family from Suffolk, England, has a unique connection to a bakery in Kannur, Kerala. The Brown family's ancestors ran a cinnamon plantation in Kannur in the 1800s and had a special Christmas cake made by a local bakery. The cake, known as the 'Brown Family Cinnamon Christmas Cake', was made with local ingredients and a cashew and banana brew instead of French brandy. The Brown family recently visited the bakery and presented them with a cake made by a French pastry chef as a tribute to their shared history.

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Michelin winds down tire production at Ardmore, cuts 1,400 jobs



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Thursday 26 October 2023

Indian Army's first vertical wind tunnel installed in HP

The Indian Army has inaugurated its first vertical wind tunnel (VWT) at a training school in Himachal Pradesh. The state-of-the-art facility will simulate real-life free fall conditions, allowing military trainees to enhance their skills in combat free fall (CFF). The VWT creates a controlled environment with specific air velocities, enabling trainees to practice different CFF scenarios. The installation of the VWT is part of the Indian Army's efforts to modernize its training infrastructure and improve operational readiness.

from Times of India https://ift.tt/c0zxSrQ

Wednesday 25 October 2023

Sri Lanka to give free visas to Indian tourists

The Sri Lankan cabinet has approved a policy to issue free tourist visas to travelers from India and six other countries, including China, Russia, and Japan. This move is part of efforts to revive the country's struggling tourism sector, which was severely impacted by the Easter Sunday bombings in 2019. The policy will be implemented as a pilot project until March 31, 2024, and aims to attract more tourists from these countries to boost the economy. Sri Lanka is currently facing economic and political challenges, including an acute shortage of essential items.

from Times of India https://ift.tt/LGNKUCE

Five dead including three children in Canada shooting

Five people, including three children, were found dead from gunshots in two residences in Sault Ste. Marie, Ontario, in what is being described as a case of "intimate partner violence." The alleged shooter was among the deceased. Another person was found injured and taken to the hospital. The incidents are believed to be linked, and officials have expressed their condolences and emphasized the need to address such crimes. Gun crimes in Canada have decreased overall but have seen an increase compared to a decade ago.

from Times of India https://ift.tt/rKcWDkE

Pakistan, Afghanistan discuss border management issues, evacuation of illegal Afghanis

Officials from Pakistan and Afghanistan met to discuss border management issues and the evacuation of illegal Afghan citizens living in Pakistan. The Pakistani government has set a deadline of November 1 for all illegal Afghan nationals to leave the country. The meeting focused on providing facilities to Afghan refugees crossing the border, including patients, and ensuring a smooth and organized evacuation process. There was also an emphasis on addressing the challenges faced by patients at the border.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/hpVJFq0