RBI Governor Shaktikanta Das praised NPCI's decision to temporarily block C-Edge Technologies from the retail payments system to prevent systemic impact after a ransomware attack. The incident, affecting 300 small lenders, was isolated by NPCI's action, minimizing broader disruptions. C-Edge is conducting a forensic review of its systems.
NEET PG 2024 NBEMS (Google Trends): The National Board of Examinations in Medical Sciences has issued admit cards for the NEET PG 2024. Candidates can download them from the NBEMS website. Initially set for March 3, 2024, the exam was rescheduled multiple times and is now set for August 11, 2024. Exam city intimation slips were previously issued.
In June 2007, CPI(M) veteran Jyoti Basu expressed concern over protests in Singur, even as Chief Minister Buddhadeb Bhattacharjee reassured him. A year later, Ratan Tata's decision to relocate the Nano project confirmed Basu's worries, showcasing the challenges of land acquisition under Bhattacharjee's industrialisation drive.
Union Minister Pralhad Joshi refuted opposition allegations that amendments to the Waqf Board Act are targeting minorities, stating the bill addresses registration and survey issues. The opposition claims it undermines federalism. BJP leaders argue the amendments resolve longstanding issues within the Muslim community, enabling better Waqf property management and representation for various groups.
More positive on life insurance as a sector because as you rightly said the sector has digested a lot of bad news. There has been a lot of regulatory curbs which has come to the sector. And we think we are well past the point where the bad news are all behind.
Parts of Delhi were lashed by rains on Wednesday, leading to waterlogging and traffic snarls in several areas.
Researchers from The Hong Kong Polytechnic University studied various heatwave indices and found that most failed to capture the severity of heatwaves in regions with low humidity. Only the 'lethal heat stress index' proved effective. The India Meteorological Department plans to launch a new composite index to improve heatwave assessment and issue impact-based alerts.
India's wearable market saw a 10% decline in Q2 2024, with total shipments falling to 29.5 million units. Smartwatch demand decreased significantly, contributing to the overall dip. Earwear sales remained stable. Brands prioritized clearing old inventory and are expected to launch new models during the festive season. Analysts anticipate annual smartwatch shipments to drop by 10% in 2024.
The Delaware Bankruptcy Court dismissed Glas Trust Company’s request to halt Byju's settlement deal with BCCI. Byju’s regained control after NCLAT’s approval. The settlement was funded by Riju Ravindran’s personal funds, not US lenders’ money. Glas Trust is expected to appeal the NCLAT order in India's Supreme Court.
The Rajya Sabha was informed that fake caste certificates used to gain government jobs can lead to dismissal. Union Minister Jitendra Singh highlighted procedures for verifying these certificates. The recent case of Puja Khedkar, who was debarred from UPSC exams for fraudulent attempts and misuse of quotas, underscores the importance of these measures.
The Federal Reserve has relied on labor hoarding to prevent an economic downturn, with businesses keeping workers despite higher interest rates and a slowing economy. Recent data, showing increased unemployment and reduced hiring, raises concerns about potential layoffs. Fed officials are cautious, seeking to prevent a spike in unemployment while tracking economic indicators.
GRSE reported a 14% rise in profit after tax for the June quarter, alongside a revenue increase and improvements in the debt-equity ratio
Union Minister Kiren Rijiju introduced the Waqf (Amendment) Bill, 2024, aimed at reforming the management of Waqf properties. He assured that the bill would not interfere with religious freedoms. Opposition parties strongly opposed the bill, demanding its withdrawal or review, arguing it violates constitutional principles.
Defence Minister Rajnath Singh praised Manu Bhaker, India's double Olympic bronze medallist, for her historic achievements at the Paris Games. He expressed delight and best wishes for her future endeavors, as they met and exchanged words of motivation at Singh's office in New Delhi. Bhaker later shared their meeting on social media before her return to Paris for the Closing Ceremony as a flag-bearer for India.
The RBI governor said all household savings weren’t going into the futures & options (F&O) segment. In June, the RBI Governor had expressed concerns over the volumes of trading in the derivatives market, highlighting that these perhaps have become larger than the nominal GDP of India.
Pidilite Industries Ltd. managing director Bharat Puri expects volume and value growth to align in the second half of Q2 2024, with value growth potentially surpassing volume due to improved product mix. The company reported a 9.6% increase in volume and a 21% rise in net profit to Rs. 571 crores. Export sales were affected by geopolitical tensions and shipping delays.
JD(U) and TDP backed the Waqf (Amendment) Bill in the Lok Sabha, stating it intended to enhance transparency in the Waqf Board's operations rather than interfere with mosques. The bill proposed renaming the act and including representation for Muslim women and non-Muslims on Waqf boards, emphasizing it aimed to introduce reforms.
With the unveiling of the Mercedes-AMG GLC 43 4MATIC CoupA and CLE 300 Cabriolet AMG Line, priced at Rs 1.105 crore and Rs 1.10 crore, respectively, the company has strengthened its top-end product range further.
Wipro Hydraulics has acquired Columbus Hydraulics, a US-based hydraulics cylinder manufacturing company, to strengthen its presence in the North American market. The company acquired a 100-stake stake in Columbus Hydraulics through its hydraulics cylinder manufacturing business, Wipro Hydraulics.
Aman Sehrawat Olympics 2024: At the Paris Olympics, young Indian wrestler Aman Sehrawat advanced to the quarterfinals in the 57kg freestyle category with a dominant win over North Macedonian opponent Vladimir Egorov. Aman, a 21-year-old Asian Championship gold medalist, showcased his agility and skill, securing victory with a 10-0 score on technical superiority. Egorov struggled with a knee injury after Aman's relentless attacks, unable to mount a comeback. Aman's next match is scheduled for later today.
Meesho reported that 80% of online shoppers in India are mass consumers with household incomes between Rs 2.5 lakh and Rs 10 lakh. Most hail from beyond tier 2 towns, driving categories such as fashion, footwear, and baby care. Uttar Pradesh and Bihar lead growth, with notable increases in beauty, electronics, and home categories.
The article emphasized the necessity and details of vehicle insurance, urging car owners to keep their policy documents secure. It covered the government's requirement for third-party liability insurance and various ways to get a duplicate copy, including via emails, insurer websites, apps, customer support, company offices, and insurance agents.
During an ETMarkets live stream, experienced crypto trader Saketh detailed strategies for managing the volatile cryptocurrency market. He emphasized technical analysis and liquidity considerations, distinguishing genuine recoveries from temporary rebounds. Saketh's approach involves strategic trade placement and adjustments based on market trends. Traders were advised to stay cautious and adaptable.
Nobel Laureate Muhammad Yunus was sworn in as the chief adviser of Bangladesh's interim government on Thursday. Yunus promised to deliver a government which assures safety to its citizens, as he returned to the protest-torn Bangladesh from Paris to take oath following the ouster of Prime Minister Sheikh Hasina.
The body of Bhattacharjee, wrapped with the CPI(M)'s red flag, was taken out of his frugal two-room residence at Palm Avenue in south Kolkata on way to mortuary Peace World on Thursday.