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18.11 / 18:01
markets Provident Digital TikTok President Freedom International For top Commission regulator, Trump taps big tech critic Brendan Carr
Donald Trump has chosen Brendan Carr, the senior Republican on the Federal Communications Commission, as its chair. Carr has served at the agency since 2012, including as an adviser to a later chair, Ajit Pai, and has worked as its general counsel. Trump during his first presidency nominated Carr to the FCC in 2017. «Commissioner Carr is a warrior for Free Speech, and has fought against the regulatory Lawfare that has stifled Americans' Freedoms, and held back our Economy,» Trump said in a statement.
18.11 / 17:39
Provident Gap awards WhatsApp reports recommendations Finance Commission open to view alternate index for devolution to states: Chairman Arvind Panagariya
Finance Commission is open to considering alternate index for devolution of funds to states with regard to natural calamities and state-specific issues, Chairman of the 16th Finance Commission Arvind Panagariya said here on Monday. The problems arising due to natural disasters were beginning to get more and more acute, he said and pointed out that the 15th Finance Commission has recommended partial devolution of funds. «The Commission is very much open to looking at alternate ways of measuring disaster relief, provided we can do it across all the states. The index has to be transparent and acceptable,» Panagariya told reporters after a long session with the Tamil Nadu government earlier in the day. Apart from Tamil Nadu, states like Himachal Pradesh which the Finance Commission had consulted, put forth a similar view. «Let me look into it if any particular type of disaster is not included,» the Chairman said.
18.11 / 17:39
markets COST Digital Strategy economy awards FM Nirmala Sitharaman flags mis-selling of insurance, calls for collateral free loans to MSMEs
Nirmala Sitharaman on Monday expressed concerns over the mis-selling of products, particularly insurance, stating that it adds to the customers' borrowing costs. Speaking at the State Bank of India Economist Conclave, on whether there is a case for a policy rate cut, the FM said «banks’ interest rates will have to be far more affordable» while adding that she does not want to get into the debate about whether perishables should be part of the inflationary measure index. Banks have facilitated the distribution of insurance project products, Sitharaman said. «While this model has significantly contributed to improving insurance penetration across the country, it has also raised concerns about instances of mis-selling … I would say, it added or contributed in indirect ways to the increased cost of borrowing for the customers.»
18.11 / 17:39
markets economy President War country International G20 wrestles with wars, climate in run-up to Donald Trump
Xi Jinping warned Monday the world faces «a new period of major changes» as G20 leaders met in Brazil two months before Donald Trump returns to the White House. US President Joe Biden was attending his last summit of the world's leading economies, but as a lame duck eclipsed by Xi who has cast himself as a protector of the international order in the Trump 2.0 era. World leaders are meeting for two days to try to jumpstart stalled UN climate talks and overcome their differences on wars in the Middle East and Ukraine, and extracting more tax from the super-rich.
18.11 / 17:39
Cooper awards WhatsApp RBI extends supersession on Abhyudaya Coop Bank board for another year
Abhyudaya Cooperative Bank board for another year till November 24, 2025 and asked Satya Prakash Pathak to continue as the administrator of the bank. Earlier, the regulator superseded the board on November 24, 2023 for a year due to material concerns arising from poor governance standards observed within the bank. RBI on Monday said that the extension of the deadline beyond the close of business on November 23, 2024 was necessary in public interest.
18.11 / 17:39
markets Platform Food pandemic electronic reports International Marks Spencer scales back its home decor business in India
Subscribe to enjoy similar stories. British retailer Marks & Spencer is scaling back its home decor business in India, removing home linen, home decor, and dinnerware from store shelves. The retailer is prioritizing core categories like apparel.
18.11 / 17:39
Digital Google security Mobile awards AVP Ease of doing biz, investment options driving structural shift in banking system: SBI chairman
ease of doing business and digitalization are driving the structural shift in the domestic banking system while banks also in the last decade have not focused on deposits, SBI Chairman C S Setty said on Monday. «I think it is also a sign of a maturing investment climate and the digitalization, which has played an important role (in driving people to invest at places other than banks),» Setty said at a panel discussion on the 'role of young leaders for Viksit Bharat@2047' hosted by SBI here. He was responding to a question on the increasing concerns over deposit mobilization as more and more people are looking at other avenues of putting their money to use as opposed to bank deposits. Doing banking a few years ago was too much of a «pain» and investing in SIP was also not an easy task, the SBI chairman said.
18.11 / 17:39
markets Blockchain Digital Photos Experts reports Features Melania Trump to continue this controversial business venture when she enters the White House? Here's what it is and why it is contentious
Melania Trump is continuing this contentious business endeavour and won't be slowing down anytime soon, despite Donald Trump returning to the White House. A limited-edition photo series titled ‘On the Move,’ which features Melania in a variety of professional settings, was released earlier this week. The 16 digital photos that she is selling on the blockchain feature her in her office, on the campaign trail, and in other locations, as quoted in a report by SheKnows. It’s being sold on her website for nearly $200 and is being sold on Solana blockchain, which is an eco-friendly proof-of-state blockchain protocol, per Fox News via MSN.
18.11 / 17:39
markets Digital Strategy awards Experts Bitcoin PAM Financial services Secretary Nagaraju M sceptical about crypto, backs RBI's cautionary stance
Nagaraju M on Monday said he is «sceptical» about cryptocurrencies like Bitcoin and stressed on the need to adopt a cautious approach on such assets. Speaking at an event organised by SBI, Nagaraju backed the Reserve Bank's «careful» stance on such assets. It can be noted that the RBI has been vehemently opposing any recognition of crypto over the years on a slew of factors, primarily stemming from the financial stability concerns. «I am also very sceptical of cryptocurrency. Not now, not after becoming the financial secretary. Even as an individual, I am very doubtful of the entire scheme of cryptocurrency,» Nagaraju said speaking at an event organised by SBI.
18.11 / 17:13
UPS Cooper Action Trade President Parliament gridlock continues amid Canada Post strike
Canada Post employees are on strike and calls emerge to exclude Mexico from upcoming trade talks.While question period has continued, other house business is on hold due to a Conservative privilege motion calling on the government to turn over unredacted documents on a green technology fund.Prime Minister Justin Trudeau and some members of his cabinet are not in Ottawa for the first half of the week, as they attend the G20 meeting in Rio de Janeiro, Brazil.At the Asia-Pacific Economic Cooperation meeting in Lima, Peru this weekend, Foreign Affairs Minister Melanie Joly said many nations have been approaching Canada on how to work with the incoming Donald Trump administration in the United States.The Canada-U.S.-Mexico free trade agreement signed during the first Trump presidency is up for review in 2026, and the premiers of Ontario and Alberta say Canada should oust Mexico from the deal over not matching Canadian and American tariffs on imports like electric vehicles.
18.11 / 16:37
UPS Arrow wellness cover fun hospital travelers Robotic massages have arrived at luxury hotels. Should you try?
At my most recent massage I reached no such moment. For one thing, the therapist never got to my hands. For another, it was a robot. Getting a massage from a robot, it turns out, is more fun than relaxing—at least at first—and it’s a little more practical than pampering. But if the whole thing sounds like science fiction, it’s not: The 30-minute service is now bookable for $75 at the Lotte New York Palace hotel, the first hospitality partner for automated wellness brand Aescape. Aescape is the brainchild of serial entrepreneur Eric Litman, whose foray into robotics has been roughly seven years in the making. He tells Bloomberg that he’ll ship 200 massage robots to hotels and gyms by the end of the year—including at least 10 Equinox locations—with a plan to further ramp up production in 2025. His vision: To disrupt a slice of the global wellness industry, valued at $5.6 trillion in November 2023, with on-demand services and automation. “We are the first commercial example that we know of where robots are directly coming in contact with human bodies, in a fully autonomous way,” Litman says. He likens the experience to riding in a self-driving car. “You get in one for the first time, and you might be a little bit trepidatious watching the steering wheel move by itself,” he says. “But then you realize it’s just like a steady, safe driver. After your second or third time you just sort of forget it’s a self-driving vehicle.”
18.11 / 16:37
markets Platform security Analysis Research Trade Experts Sebi directs 4 entities to cease and desist from offering unlisted debentures
Tap Invest, altGraaf, and Stable Investments were the three unregistered online platforms to facilitate the sale of privately placed NCDs.
18.11 / 16:37
UPS Manufacturing awards WhatsApp electronic innovations Govt initiatives helping attract foreign investors in India: CII
Make in India and production linked incentive schemes for different sectors are helping attract foreign investors to set up bases in India, according to industry chamber CII. In a letter to Commerce and Industry Minister Piyush Goyal, CII Director General Chandrajit Banerjee said that the government's increased investments in infrastructure such as roads, railways and ports are making the domestic industry more competitive. The policy shift within India has also occurred at the same time as geopolitical conditions have become favourable for India, with many global companies looking to diversify their geographical base, the letter, dated November 5, said. "FDI inflows have increased from USD 45.14 billion in 2014-15 to USD 70.95 billion in 2023-24, indicating the growing interest of foreign investors for setting up base in India," it said, adding that the PLI schemes have attracted huge investments.
18.11 / 16:37
markets Digital Sustainability Election Experts hospital Investigations Ex-Maharashtra home minister Anil Deshmukh seriously hurt in stone pelting on his car
NCP (SP) leader Anil Deshmukh was seriously injured after stones were hurled at his car in Nagpur district on Monday night, police said. The incident occurred around 8 pm when Deshmukh was returning to Katol after attending a meeting in Narkhed village. Some unidentified persons threw stones at Deshmukh's car near Belphata on the Jalalkheda Road near Katol. Deshmukh, who sustained injuries during the attack, was immediately rushed to the Katol Civil Hospital, police said. Nagpur Rural Superintendent of Police, Harssh Poddar, confirmed the incident. He said senior officers were rushed to the spot.
18.11 / 16:37
markets Digital Strategy JetBlue Experts travelers Spirit Airlines bankruptcy: What to expect from US' biggest budget airline?
Spirit Airlines, the US' biggest budget airline, has filed for bankruptcy protection. Spirit has lost more than $2.5 billion since the start of 2020 and faces looming debt payments totaling more than $1 billion over the next year. The airline will attempt to reboot as it struggles to recover from the pandemic-caused swoon in travel and a failed attempt to sell the airline to JetBlue, AP reported. The Florida-based airline said it had pre-arranged a deal with its bondholders to restructure its debts and raise money to help it operate during the bankruptcy process, which it expects to exit in the first quarter of 2025. The carrier said it expected to continue operating its business as normal through the proceedings and customers could book and fly without interruption.
18.11 / 16:37
markets UPS Digital Cooper country 2020 China says it stands ready to deliver on Modi-Xi common understandings to improve ties
«China stands ready to work with India to deliver on the important common understandings between the leaders of the two countries, step up communication and cooperation and enhance strategic mutual trust,» he said, adding that he has no information on the specifics of the meeting of the leaders and officials. At their Kazan meeting, the two leaders endorsed the India-China agreement on patrolling and disengagement along the Line of Actual Control (LAC) in eastern Ladakh and issued directions to revive various bilateral dialogue mechanisms, signalling attempts to normalise ties that were hit by a deadly military clash in 2020.
18.11 / 16:37
markets Digital Cooper Trade cover Chennai-Vladivostok maritime corridor becomes operational
Chennai-Vladivostok maritime corridor, which is likely to boost maritime ties between India and Russia, is operational now, and container ships carrying crude oil, metal and textile have started coming to Indian ports, Union Minister Sarbananda Sonowal said on Monday. The Chennai-Vladivostok sea route will cover a distance of about 5,600 nautical miles. «The Eastern Maritime Corridor between Vladivostok and Chennai is operational now. Container ships carrying crude oil, metal and textile have started coming to Indian ports,» Sonowal told reporters here. The Eastern Maritime Corridor is estimated to reduce the time required to transport cargo between the Indian and Russian Ports of the Far East Region by up to 16 days. The time taken will come down to 24 days compared to more than 40 that it currently takes to transport goods from India to Far East Russia via Europe.
18.11 / 16:37
markets UPS FIVE Digital Sustainability country Adani Group to invest about USD 35 bn to set up solar, wind, hybrid plants in 5 years: Sagar Adani
Adani Group will invest about USD 35 billion over the next five years to set up large-scale solar, wind and hybrid plants across different parts of the country, Adani Green Energy Executive Director Sagar Adani said on Monday. Adani Group is making one of the largest greenfield investments in energy sustainability and transition in the world, he added. «We have embarked upon what I would say (is the largest greenfield development in the field of renewables by any company anywhere in the world. So, we're investing about USD 35 billion over the next five years to set up large-scale solar, wind and hybrid plants across different parts of the country,» Adani said at a CEO panel discussion on 'Role of young leaders for Viksit Bharat@2047' at an SBI-hosted economic conclave here. The company is setting up a 30,000-megawatt single-location renewable energy plant in Khavda in Gujarat.

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