Beyond Financial News

United States is on track to establish a domestic rare earths supply chain to meet its defence needs by 2027, a senior defence official said on Wednesday. The U.S has been driving the build out of a global supply chain for rare earths, metals used in magnets for green energy industries and defence, beyond dominant producer China since COVID upended global supply chains early this decade. «We are on track to meet our goal of a sustainable mine to magnet supply chain capable of supporting U.S. defence requirements by 2027,» Assistant Secretary of Defense for Industrial Base Policy Laura Taylor-Kale said at a mining conference in Perth.

Metropolis Healthcare on Tuesday reported a 8% year-on-year (YoY) rise in net profit to Rs 36.1 crore in Q4FY24 lead by volume increase and better patient realisations. The diagnostic chain reported Rs 33.5 crore net profit in the corresponding quarter of the previous year.

In today’s times, parents have the added responsibility of empowering their children with financial literacy skills. They must help kids understand the concepts of earning, budgeting, saving and investing, starting from a young age. In a way, parents can pave the way for their child’s lifelong financial success. Beyond meeting educational needs, parents need to instil a sense of financial responsibility in their kids from early on so that they can confidently navigate the complexities of personal finance later in their lives.

Pluugin E-commerce has announced plans to expand its operations in India. The company stated that this expansion aims to create over 2,100 jobs in the local market over the next three years. Currently operational in 12 states, Pluugin E-commerce plans to achieve 100 percent pan-India coverage within the next 12 months. Additionally, India will serve as the backend office for its global operations in Bangladesh, Nepal, and Sri Lanka, it said. “We truly believe that every brand has the potential to be borderless in today’s e-commerce landscape, and we intend to help them leverage this potential, with a strong focus on MSMEs. Our strategic entry into the Indian market brings new growth opportunities within the e-commerce space, enabling a global presence for all 'Make in India' brands,” said Aparna Gupta, Founder & Managing Director of Pluugin E-commerce.

The CIA’s first chief technology officer Nand Mulchandani is marshaling generative AI tools to the intelligence agency

Indian rupee closed marginally stronger on Tuesday despite weakness in most Asian currencies, with traders broadly expecting the rupee to see rangebound price action ahead of the outcome of India's national elections. The rupee ended at 83.3050 against the U.S. dollar, slightly higher than its close at 83.3350 on Friday.

Mint in an interview. He said even delivery platforms servicing giants like Amazon and Flipkart must seriously evaluate this strategy. Personal care D2C brand Nat Habit, which raised about $10.2 million led by Bertelsmann last year, is the latest among the companies that are in talks to sell products through quick commerce.

pick-up lanes at Kempegowda International Airport (KIA) will no longer come with a fee. Hours after Bangalore International Airport Ltd (BIAL), which manages KIA, introduced an entry charge for accessing the arrival pick-up lanes at both Terminals 1 and 2, it has suspended the move, following protests, according to TOI. Initially, there was some resistance from a portion of the driving community, causing BIAL to temporarily halt the fee collection. However, a source within BIAL clarified that taxi aggregators and airport taxi operators, who have their own designated lanes, are exempt from this new fee. Private vehicles were earlier not charged for the first seven minutes of access to the pick-up lanes but had to incur a fee of Rs 150 for the subsequent seven minutes. Commercial vehicles, on the other hand, were to be charged Rs 150 for the first seven minutes and Rs 300 for the next seven minutes. Buses were required to pay Rs 600, and Tempo Travellers Rs 300. If a ticket is lost, a fixed fee of Rs 600 applied.

US markets reopen next Tuesday after the long weekend, everything will likely seem normal. It's only after the close and in the following days that any cracks are expected to appear. A spike in the number of failed trades, operational glitches and additional costs are among industry fears as the trading process for American securities accelerates, with the time allowed to complete every transaction halved to a single day. Spurred on by the original meme-stock frenzy, the Securities and Exchange Commission is pushing the shift to reduce the chance of something going wrong between when a trade is executed and when it's settled. But the switch to what's known as T+1 comes with risks of its own.

DC Studios and Fathom Events will bring 'Super/Man: The Christopher Reeve Story' to theaters across the U.S. in September 2024, with special showings on two dates.

Media and entertainment industry stakeholders have urged Telecom Regulatory Authority of India (TRAI) to restrict its recommendations on the National Broadcasting Policy (NBP) to the broadcasting sector and exclude non-broadcasting issues like OTT, online gaming, film, and music as they are beyond its remit.

British drama, MaryLand, concluded its interesting tale on the latest episode of Masterpiece on PBS. Across three captivating episodes, viewers were transported into the lives of sisters Becca and Rosaline on the Isle of Man, portrayed brilliantly by Suranne Jones and Eve Best respectively. Their journey to identify their late mother's body uncovers a web of secrets, revealing Mary's hidden life on the island.

Exciting News from Trendex: A European Leader Expands to the US and Beyond

The Indian Express last week, union minister for petroleum and natural gas Hardeep Singh Puri said that PSEs had utilized their profits for capex investment, and that as of February, public sector oil and gas companies were implementing projects with a combined investment of ₹5.67 trillion. But this is spread over several years, and the pace of growth would be a better indicator. One measure of PSE capex is ‘net block’, or the sum of a company’s assets on a given date, adjusted for depreciation.

Federal wildlife officials have declared a rare lizard in southeastern New Mexico and West Texas an endangered species

Cummins said, "It's pretty cool, it's awesome. We have won 6 out of 7 here, it has been great. I didn't know many guys coming into this season, but we have played great cricket and had some fun," Cummins said.

Taiwan's ministry of defence detected the presence of Chinese military aircraft and vessels around its vicinity on Monday.

Lugano, Switzerland – 5/20/2024 – Enthusiasts of NFT and blockchain technology are invited to mark on their calendars the dates of June 14 and 15, 2024, when the city of Lugano will host the new edition of NFT Fest Lugano.

JSW Steel's third phase of capacity expansion at its plant in Dolvi will be among the lowest for brownfield expansions for the company, a top official told ET. JSW Steel will spend a little over ₹19,000 crore on this capacity addition, which will help it cater to the demand for value-added special steel products, Jayant Acharya, chief executive officer of JSW Steel, said. «It will be very cost effective since some of the infrastructure facilities are already there (and) some of the equipment are already there as part of phase two,» he said.

Google’s long-term experiment to create a science fiction-like 3D, holographic ultra-realistic display is now a real product. After many failures, is Silicon Valley’s quest to build screens that look like teleportation portals finally nearing promise? In development for at least five years, it is a video conferencing system on steroids. It uses a 3D light-field display to create a holographic, 3D image of people appearing on the screen.

Blue Origin is set to fly adventurers to the final frontier on Sunday for the first time in nearly two years, reigniting competition in the space tourism market after a rocket mishap put its crewed operations on hold. Six people including Black sculptor and former Air Force pilot Ed Dwight, who was controversially spurned by NASA's astronaut corps in the 1960s, will blast off at around 8:30 am local time (1330 GMT) from the company's Launch Site One base in west Texas.