The Reserve Bank of India confirms that the Indian financial sector is largely unaffected by the global Microsoft outage. Only minor disruptions reported in a few banks and NBFCs, which are being resolved. RBI issues advisory for operational continuity. Most banks and payment aggregators report no impact on services.
Services like bookings, check-in and boarding process including issuance of boarding passes, are being carried out manually, thereby taking longer than expected time and leading to long queues at airports. Advising passengers to cooperate with airport staff during this period of disruption, the ministry said it is "committed" to minimising inconvenience and ensuring well-being of all travellers.
The QIP witnessed significant interest from foreign institutional investors (FIIs), mutual funds, insurance companies and other investors, PTI had reported, adding that prominent mutual funds like Nippon, ICICI Prudential, SBI, Mirae, and White Oak put in bids in the offer.
Microsoft IT issue has taken the world by storm as banks, TV broadcast and even airplanes have come to a standstill due to this major tech problem. Major businesses and institutions are also facing the wrath of this issue, that is revolving around Microsoft cloud.
Hardik Pandya, the captain of India's T20 side, has faced a significant challenge in India's cricket world after being pipped by Suryakumar Yadav for the post. The Mumbai Indians, the franchise with the deepest pocket and biggest say in the IPL Universe, are considering whether to give one more year to Pandya, who replaced Rohit Sharma in acrimonious circumstances last year.
The Reserve Bank of India (RBI) has assessed the impact of a Microsoft Services outage on its regulated entities, particularly in the Indian financial sector. The bank found that around 10 banks and non-banking financial companies experienced minor disruptions, which have either been resolved or are currently being addressed.
Yemen's Huthi rebels have escalated their drone attacks with a new model, Yafa, which struck Tel Aviv early Friday, killing one person. This marks their deepest strike into Israel, showcasing advanced drone capabilities. Despite claims of improved technology, experts remain skeptical about the strategic threat posed by these drones due to the long distance from Yemen and the complexity of overwhelming Israeli defenses. The Huthis, backed by Iran, have been expanding their drone arsenal since 2014.
An extensive IT outage impacting Microsoft's Azure cloud platform has led to the cancellation of over 200 IndiGo flights and caused widespread travel disruptions. The issue, which began on July 19, 2024, is affecting airlines globally, including IndiGo, SpiceJet, and Air India. Passengers are advised to check flight statuses and arrive early at airports due to ongoing technical problems.
Congress leaders express concern over violence in Tripura during panchayat elections, highlighting issues of candidate safety and democracy. Party delegation visits affected areas and plans to bring up the matter in the upcoming Budget session of Parliament.
Ahead of the presentation of the Centre's annual budget, Atishi batted for release of more money to Delhi, saying it could be spent on infrastructure development in road, transport and power sectors as well as to beautify the city.
The Reserve Bank of India has checked with banks and payment aggregators on the impact of a global tech outage involving Microsoft and Crowdstrike. Most banking services remain unaffected, with only minor disruptions reported during government bond auctions. The issue with Microsoft 365 apps causing computer shutdowns is gradually being resolved. Stay informed for further developments on this situation.
India aims to be a major player in green energy with a projected electrolyser capacity of 100 GW by 2030. Minister Joshi highlights the importance of green hydrogen in decarbonising various sectors. The country has shown significant growth in renewable energy capacity under the Prime Minister's leadership.
Reliance Jio, a subsidiary of Jio Platforms Limited, reported an 11.9% year-on-year increase in net profit for Q1 FY25, reaching Rs 5,445 crore. This is a slight rise from Rs 5,337 crore in the previous quarter and Rs 4,863 crore a year earlier. Revenue grew by 1.9% sequentially to Rs 26,580 crore. However, Jio's finance costs and access charges rose, and its Q1 net profit fell marginally short of analysts' expectations. Reliance Industries’ shares closed 1.92% lower following the earnings release.
Assam Chief Minister Himanta Biswa Sarma on Friday claimed that the Muslim population in his state is growing around 30 per cent every 10 years, and they will become the majority by 2041. Addressing a press conference here, he said Muslims have now become 40 per cent of Assam's population as per "statistical sampling".
Participating in the motion of thanks to the governor's address in the assembly, Ering, a former Union minister said, "We cannot trust our 'neighbour'. You never know what they can do. They can either divert the entire river flow drying up our Siang or release water at once causing unprecedented floods havoc downstream."
Nadella highlighted the importance of both soft and technical skills for Microsoft employees. His focus on versatility and adaptability underscores the need for a well-rounded skill set in today’s rapidly evolving tech world.
The Union minister of state for social justice and empowerment also said despite such moves Prime Minister Narendra Modi emerged victorious and the BJP-led National Democratic Alliance got a clear majority with 292 seats.
The Bombay High Court has ruled against the Maharashtra government's notification exempting private schools from RTE Act quota admissions, stating it is unconstitutional. The court emphasized the obligation of all schools to provide education to disadvantaged children. Admissions under the notification will not be disturbed, but the 25% quota must be maintained.
Union Budget: No doubt, sceptics would expect Budget 2024 to be a mere endorsement of the interim Budget presented by the then-outgoing BJP government. As an eternal optimist, one expects a Budget that prioritises prudent acceleration of balanced economic growth.
Congress leader Priyanka Gandhi Vadra has criticized the Uttar Pradesh government's directive to display owners' names on eateries along the Kanwar Yatra route as an "attack on the Constitution". She demanded the order be withdrawn and sought strict action against the officials who issued it. The government extended the controversial order across the state, and a formal order is likely to be issued soon.
Reliance Jio Q1 Results: The Reliance Industries' telecom subsidiary reported revenue from operations at Rs 26,478 crore, an increase of 10% from Rs 24,042 crore reported in the corresponding period of the previous financial year. The standalone revenue was up 2% on a quarter-on-quarter basis from Rs 25,959 crore reported in the January-March quarter.