Beyond Financial News

By Allan Lanthier

Indian Air Force (IAF) Chief VR Chaudhari on Wednesday said Balakot-like operations have shown that, given the political will, aerospace power can be effectively carried out beyond enemy lines, in a no-war, no-peace scenario, without escalating into a full-blown conflict. The IAF Chief said this in his inaugural address at the 15th Jumbo Majumdar International Seminar on Aerospace Power in Future Conflicts in New Delhi on Wednesday. «Balakot-like operations have shown that, given the political will, aerospace power can be effectively carried out beyond enemy lines, in a no-war, no-peace scenario, under a nuclear overhang without escalating into a full-blown conflict. Ongoing conflicts across the globe have brought out significant lessons for nations in general and air power in particular. Fora such as this are crucial towards developing a better understanding of the nuances of air power application in modern battlespaces,» he said.

ALSO READ: IPL 2024: BCCI announces full schedule; Final to take place on May 25 at Chepauk in Chennai. Check dates here Both the teams have faced each other 27 times, in which DC won 13 times and RR were undefeated in 14 matches. Delhi’s highest total against RR so far is 207, and RR’s highest score against Delhi is 222.

THE VIDEO footage of the collapse of the Francis Scott Key Bridge was shocking. At around 1.30am on March 26th, when a container ship rammed into it, the central section of the 1.6-mile (2.6km) structure collapsed into the Patapsco river below, sending people and vehicles into the water. Workers repairing potholes were on the bridge at the time.

import of solar module import called the approved list of module manufacturers (ALMM), beyond March 31, people aware of the development said. The Ministry of New and Renewable Energy, in a meeting with solar project developers and module manufacturers Tuesday, took a stock of the capacity additions and commissioning timelines, one of the persons said, adding that overall view was that a further relaxation is not required as adequate time had been given to the industry. A final call on the issue would be taken shortly after taking into account all considerations, another person said, adding that some concession for commissioning could be given for modules that have reached the site before March end.

The fundraise aims to augment and build financial flexibility to grow the business and harness various emerging opportunities both within the existing and expanding broking business, and across the inorganic universe within the fintech space.

What is liability coverage? Liability coverage, often referred to as third-party insurance, is a mandatory component of both car insurance and bike insurance in India. But what does it precisely cover? Picture this situation–you are driving your newly purchased car through the busy streets of Mumbai when suddenly a motorbike crosses your path unexpectedly. Despite hitting the brakes, you couldn't avoid the collision. Now what? This is where your third-party liability coverage comes into play. Understanding third-party liability coverage This type of insurance covers any damage or injury caused to another person (the third party) by your vehicle. From medical expenses, if there are injuries or even fatalities, to compensating for any property damage caused by your vehicle – these are covered under third-party liability.

Also Read: This is the reason why midcaps and smallcaps may consolidate in medium-term Sen expects the market to rebound in 3-6 months when SMIDs would start to outperform again and the ‘hide in large-caps’ trade would unwind. He sees this as a ‘buy-the-dip’ correction, with the only caveat being to avoid SMID stocks with elevated valuations. “We believe the correction in March has been due to frothy valuations and worries about liquidity in SMID funds and stocks.

Stocks that were in focus include names like IREDA, which rose 5%, Infosys, which declined 3%, and Wipro, whose shares fell 2.5% on Friday.

Donald Trump's hush money trial to begin on April 15, enabling his first criminal trial to begin this spring following a last-minute delay, as reported by The Hill. Trump, who has looked to postpone all four of his criminal cases beyond the election, requested the judge toss his case over new documents recently turned over, or at least sanction Manhattan District Attorney Alvin Bragg (D) and postpone the trial. However, during a hearing on Monday, Judge Juan Merchan rejected all of those requests and ruled in favour of Bragg by refusing to push the trial deeper into the campaign season, setting jury selection for April 15.

By Tatiana Bautzer, Lananh Nguyen and Manya Saini

(Reuters) -Lucid said on Monday it is raising $1 billion in capital from an affiliate of Saudi Arabia's Public Investment Fund (PIF), sending the shares of the luxury electric carmaker up about 8%.

ALSO READ: Zepto rolls out subscription service, fuels competition in quick commerce market Taking to X, Albinder Dhindsa, CEO of Blinkit, the quick-commerce arm of Zomato, wrote, “We hit our all-time high orders, OPM (orders per minute), and almost every other metric on the board! Thank you for choosing us for your Holi needs." It is becoming common for quick-commerce platforms these days to get good OPM during special occasions, as people are looking for instant deliveries. “White T-shirt sales (are) spiking on Zepto this Holi… People are starting to realise that Zepto serves a lot more use cases than daily grocery," Aadit Palicha, co-founder and CEO of Zepto said in a post on X.

Telecom tariff hike of 20% likely in 2024, post elections, says BofA Securities; Airtel shares zoom Executives noted that due to increased data consumption in 5G packs, users are upgrading to higher plans for an enhanced viewing experience. They also highlighted Jio's efforts to boost the adoption of its JioFiber broadband plans by bundling them with various services. With no complimentary offerings in these packs, user recognition of their value is heightened.

In recent years, India has elevated to a stage where it has acquired the status of having the world’s largest overseas diaspora, with approximately 32 million NRIs and OCIs. Amongst the broad spectrum of India’s NRI network, Gulf countries continue to acquire the largest concentration, along with other countries like Singapore, the US, Canada, the UK, etc. With a plethora of NRIs moving abroad in search of better job opportunities and education, it is important to note that NRIs are taxed in India on the income generated within the country itself.

By Sashi Kumar

Taiwan Ministry of National Defence (MND) said that it detected seven Chinese naval vessels and five Chinese military aircraft operating around the nation from 6 am (local time) on Sunday to 6 am (local time) on Monday, Taiwan News reported. According to Taiwan's MND, one of the PLA aircraft entered Taiwan's Southwest Air Defense Identification Zone (ADIZ). Taiwan's armed forces have monitored the situation and deployed appropriate forces to respond. On March 24, Taiwan's defence ministry seems to have witnessed an increase in Chinese military presence around the nation with the MND detecting eight Chinese naval vessels and six Chinese military aircraft operating around the nation from 6 am (local time) on March 23 to 6 am (local time), as per Taiwan News.

minimum wage with living wage by 2025 and has sought technical assistance from the International Labour Organization (ILO) to create a framework for estimating and operationalising these, ET has learnt. Living wages – a minimum income necessary for a worker to meet their basic needs, factoring in key social expenditure by an individual such as housing, food, healthcare, education and clothing – were endorsed by the ILO earlier this month. These would be higher than basic minimum wages. “We could go beyond minimum wages in a year,” a senior government official told ET. The ILO had agreed on the reform at its 350th governing body meeting in Geneva that concluded on March 14. There are over 500 million workers in India and 90% of them are in the unorganised sector where many draw a daily minimum wage of `176 or more, depending on the state where they work. However, this national wage floor — not revised since 2017 — is not binding on states and hence a few states pay even less than that.

credit card spends in the liberalised remittance scheme (LRS) by April 1 — a plan that has been kept in abeyance for a year. Under the belief that reissuing the specific notification may not go against the model code of conduct, many banks are preparing to integrate their systems with RBI’s for capturing the card spend information of individual customers during personal foreign tours. NBBL is a subsidiary of National Payments Corp. of India (NPCI). As part of its 2025 vision document, the RBI wants all payment rails under a centralised payment system. Internet banking is the only one outside the umbrella and the regulator wants this within the fold quickly, putting it on a par with processes such as the Immediate Payment Service (run by NPCI) as well as the Real Time Gross Settlement and National Electronic Fund Transfer systems (run by the RBI).

Moon Train." Spearheaded by aerospace giant Northrop Grumman and supported by the US Department of Defence, this visionary endeavor aims to facilitate the seamless transportation of both goods and people across the lunar surface, heralding a new era of human presence and economic activity beyond Earth, as per a report by The Sun.

GTA 6's development is facing challenges, sparking concerns among senior Rockstar executives regarding potential delays in hitting the scheduled release. Bloomberg's February report indicates a supposed directive for employees to resume office work by April 2024, suggesting Rockstar's concern over finalizing development stages remotely and averting a possible release delay until 2026. Despite concerted efforts to maintain progress, uncertainties persist about the game's release timeline.