Aware Financial News
19.08 / 17:05
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International
Teenage pilot on global mission to raise funds to arrive in Delhi for childhood cancer research fundraiser
19-year-old Chinese-American pilot who is on a worldwide mission to raise funds for childhood cancer research is preparing to land at the Indira Gandhi International Airport in Delhi next week in pursuit of a world record of flying solo to all seven continents. Ethan Guo, born in Tianjin and resident in Florida, developed a passion for aviation at the age of 13 and has since amassed over 700 flight hours. His 'Flight Against Cancer' Guinness World Record attempt mission began in Geneva, Switzerland, to cover over 50,000 miles with more than 75 take-offs and landings across 60 countries — with India scheduled for next week. «The trip has been challenging, but when you care about something, you give it your all and fight for it,» Guo told PTI in a statement from Saudi Arabia.
19.08 / 14:33
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SUN
Monarch
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All about King Charles' cancer battle
Buckingham Palace was received in February. It took the world by surprise that King Charles had cancer and would be taking time off from public duties to receive treatment. However, in an uncanny happening, he is now deemed fit enough for a royal tour to Australia and Samoa, merely six months after the announcement. He has been upfront and honest about his prostate issue but is unlikely to disclose the specific type of cancer he is diagnosed with, according to The Sun. His goal, according to them, is to «reach out and embrace as many people impacted by cancer as he can.» The King was driven to disclose his cancer diagnosis in the hopes that the public's overwhelming support for him after he disclosed that he had undergone a prostate procedure and the substantial awareness it garnered would occur this time as well. From the beginning, courtiers have made it apparent that there would be no frequent updates on the monarch's health and recuperation, except for any significant developments required to be made public. Also Read: US Open 2024: When and where to watch live on TV and streaming in US and UK
18.08 / 22:37
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band
Department
DoT may ask Trai to take a call on backhaul spectrum based on usage
Department of Telecommunications (DoT) believes that the Telecom Regulatory Authority of India (Trai) should examine the issue of backhaul spectrum holistically, particularly due to technology advancements such as 5G and 6G, said officials. While historically, backhaul airwaves were given administratively, or without auctioning, telecom operator Reliance Jio says such bandwidth can also be used for access, or mobility services, and hence should be auctioned, a point opposed by rivals Bharti Airtel and Vodafone Idea. Satcom players such as Elon Musk-owned Starlink and Amazon's Project Kuiper want the same spectrum to be offered administratively, on a non-exclusive basis, for meeting their connectivity needs.
18.08 / 19:42
markets
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Google
Platform
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RIL may have just JioCinema as OTT platform post merger
Reliance Industries (RIL), which will control the Star-Viacom18 merged entity after regulatory clearances, is leaning toward having only one OTT platform, JioCinema, after the merger, said people aware of the matter. Following the merger, RIL is considering a plan to combine Disney+ Hotstar with JioCinema, despite the former having higher downloads, said one of the persons. Disney+ Hotstar is Walt Disney-owned Star India's streaming service, while JioCinema is owned by RIL-controlled Viacom 18.
18.08 / 11:12
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Farmer groups say impact of protests will be seen in Haryana polls
BJP), even as farmer collectives plan a series of mahapanchayats to raise awareness about these issues and pending demands. Haryana was a major centre of the 2020-21 farmers' protests against the now-scrapped farm laws. The protest was held under the banner of the Smayukt Kisan Morcha. The group later split and the Samyuk Kisan Morch (Non-Political) was formed. The SKM (NP), along with the Kisan Mazdoor Morcha (KMM), is leading the ongoing protest at the Shambhu and Khanauri border points between Punjab and Haryana. Both these groups are opposed to the ruling BJP and their demands are similar.
17.08 / 00:27
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Action
Food
Death
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sanitizer
Investigations
Mississippi poultry plant settles with OSHA after teen’s 2023 death
A Mississippi poultry processing plant has agreed to a settlement with the U.S. Department of Labor that requires it to pay $164,814 in fines and put in place enhanced safety measures following the death of a 16-year-old boy at the facility
16.08 / 19:28
Dogecoin
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Pepe Collapse Imminent? $PEPE Price Approaches Monthly Low – Here’s the Latest
The price of Pepe ($PEPE), the third largest meme coin on the market and the biggest in the non-doge category has crashed 9.5% overnight, posting the largest losses among the sector’s big three.
16.08 / 19:25
markets
Aware
Career
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electronic
2020
International
RBI approves former SBI DMD Salee Nair as TMB CEO
Reserve Bank of India (RBI) has approved the appointment of former State Bank of India (SBI) deputy managing director (DMD) Salee Sukumaran Nair for a three year term, the bank in a stock market notice. Nair retired from SBI as DMD and chief credit officer (CCO) as recently as May this year. He takes over from S Krishnan who had resigned in September 2023 just a week after the bank wrongly credited Rs 9,000 crore to a Chennai cab driver. Krishnan was asked to continue till a replacement was found even as there was a lot of too and fro for contenders between the bank and the RBI.
16.08 / 18:55
COST
Aware
Food
Nestle
PepsiCo
Trade
country
Nestle, PepsiCo in talks with Godrej Agrovet to buy palm oil
Packaged foods makers Nestle and PepsiCo are in talks with Godrej Agrovet, one of the country's largest producers of palm oil, to buy refined palm oil locally for some of their biggest brands such as Maggi instant noodles and Lay's potato chips, executives directly aware of the developments said. Multinationals are sourcing locally amid rising global prices of the commodity as well as logistics costs and heightened scrutiny on the quality of edible oils by the government under the Food Safety & Standards Authority of India (FSSAI). They also aim to cut short months-long import buying cycles and circumvent any potential supply disruptions amid continued global geopolitical turmoil. So far, Nestle and PepsiCo have sourced palm oil primarily from Indonesia and Malaysia for Indian operations.
16.08 / 18:30
BLOCK
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2020
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Ford recalling about 85,000 Explorer police vehicles over potential engine fires
Ford is recalling approximately 85,000 Explorer Police Interceptor Utility vehicles because the engines may fail prematurely and possibly result in a fire
16.08 / 11:09
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Deutsche Bank appoints Manik Chhabra as head of global corp coverage for India, Sri Lanka
Deutsche Bank has appointed Manik Chhabra as its head of global corporate coverage for India and Sri Lanka, starting August 19, sources aware of the development said. Chhabra is moving to the German bank from US-based lender Citibank where he held many senior corporate banking roles over the last 22 years. He leaves Citibank as India head for mid corporates. A Deutsche Bank spokesperson declined to comment on the matter.
16.08 / 02:09
markets
Aware
Manufacturing
Mobile
Corning
cover
electronic
Optiemus seeks Rs 400 crore to expand manufacturing operations
Optiemus Infracom is looking to raise around Rs400 crore to expand its manufacturing business and enhance its brand image ahead of a planned foray into making and selling screen protectors and mobile phone cover glass under a licence from US-based Corning. The company, in a stock exchange filing, said the fund-raise will be done through preferential allotment of 75 lakh convertible warrants, convertible in one or more tranches into equity shares of RS 10 each, within 18 months into equity shares. The funds are going to be used in expanding the company's manufacturing business and for marketing spends. The company is planning to expand its manufacturing business to make laptops and notebooks under the IT hardware production-linked incentive scheme, according to industry executives who are aware of the matter. It is currently in talks with a global brand and is expected to start manufacturing for them in the next 3-6 months.
15.08 / 15:55
Aware
Action
social
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Courts
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Why Dhruv Rathee is facing backlash for his social media post on Kolkata doctor rape-murder case
Dhruv Rathee, a prominent YouTuber, is facing severe criticism after he deleted a social media post regarding the rape-murder case of a Kolkata doctor and later disclosed the victim's identity in a video. His actions on social media have ignited a public backlash, questioning his sensitivity and understanding of the laws surrounding such cases. The controversy began when Rathee shared a post on X (formerly Twitter) with the hashtag “Justice For Nirbhaya 2” in reference to the Kolkata doctor’s case. The post was quickly deleted, leading to speculation and criticism from the public. Many accused Rathee of succumbing to pressure from the ruling TMC government in West Bengal, alleging that he removed the post to avoid potential repercussions. Rathee later clarified his decision to delete the post, explaining that he found the comparison to the Nirbhaya case to be insensitive after receiving feedback from his followers.
15.08 / 14:40
Aware
wellness
students
NMC
reports
Colleges
Survey finds 27.8% UG medical students suffering from mental health issues
As many as 27.8% of undergraduate (UG) medical students and 15.3% of post graduate students (PG) suffer from mental health disorder, says a survey conducted by India’s apex medical education regulator. Of the 37,962 participants surveyed by the the National Medical Commission (NMC), 16.2% UG students and 31.23% PG students have suicidal ideas. The reasons for such mental health disorders include the pressure of paying educational loans and debt (32.7%), students facing ragging (18%), sub-par hostel facilities (41.6%), and lack of privacy (33.7%).
15.08 / 12:57
Aware
Research
show
performer
testing
patient
medicines
Some patients who appear unconscious know what’s going on
As many 100,000 Americans with severe brain injuries are unresponsive, showing few or no signs that they are aware of themselves or their surroundings. But one in four people with this kind of injury can perform cognitive tasks on command, according to a study published Wednesday in the New England Journal of Medicine. The responses were detected with brain scans that show the patients are conscious but have no motor control.
15.08 / 08:22
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Fighting
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Equality
Kerala, nation sad over Wayanad landslides, but time to move forward: CM Vijayan
Kerala Chief Minister Pinarayi Vijayan on Thursday said that while everyone in the country was sad regarding the Wayanad landslides that claimed over 200 lives, it was time to live and move forward for the survival of the state. Vijayan, speaking after hoisting the national flag at the Central Stadium on the occasion of the 78th Independence Day of the country, also said that even as India excelled in various sectors since its independence in 1947, the scientific awareness in the country was being damaged and superstitions, harmful customs, and outdated rituals were making a comeback. Referring to the landslides in Wayanad, the CM said that Kerala and the country were celebrating the independence day in a time of grief following the disaster. «But, we cannot remain sad. We need to live and move forward for the survival of the state. So, the independence day, this year, should give impetus to the joint activities that ensure the state's survival,» he said.
15.08 / 02:09
Aware
Platform
Software
Experts
social
reports
strain
Cognizant offers annual salary hikes as low as 1%
Cognizant Technology Solutions is said to have handed out annual salary hikes as low as 1% to some of its employees as the global technology services giant rolled out increments after deferring them by four months. The hikes are as low as 1% and the highest is said to be 5%, at least two people aware of the development told ET on the condition of anonymity. “For a rating of 3, the hike is around 1-3% while a 4 rating has been granted a 4% hike and a 5 rating to an employee is paid an increment of around 4.5% and at the most 5%,” one of the persons said.
14.08 / 19:24
COST
Aware
Gap
security
Research
love
Despite basic awareness, life insurance gaps still plague Americans
A new study by Corebridge Financial reveals that while many Americans possess a basic understanding of life insurance, that still leaves a lot of room for client education and awareness-building.
14.08 / 16:47
Twitter
Aware
CEO
Platform
Food
country
rights
Shark Tank’s Anupam Mittal criticizes Starbucks, says 'more toxic than tobacco'
Starbucks has announced the departure of Chief Executive Officer Laxman Narasimhan after just 16 months in the role. The company's decision comes in response to declining sales. Narasimhan will be replaced by Chipotle CEO Brian Nichol. Reacting to the news, Shark Tank judge Anupam Mittal shared his thoughts on the microblogging site X, formerly known as Twitter. He expressed concerns about Starbucks' current direction.
14.08 / 11:13
markets
Citi
Aware
Platform
Sustainability
Food
exclusive
Exclusive: Swiggy tweaks service fee policy, non-metro restaurants to pay more in commision
Swiggy has started charging its service fee on the gross order value, which includes GST and packaging charges too, from restaurants outside metro cities as well. This will effectively increase the commission its restaurant partners in such markets pay. Previously, the service fee — or commission — was levied on the net value for restaurants in smaller cities and towns, while those in large cities were already charged on the gross value. “Effective 14 August (Wednesday), we shall be charging service fee on the gross value of each order as defined under our merchant terms. This change is being implemented across the platform for all our partners to ensure uniformity in our commission structure. This change will marginally increase the service fee payable to us,” Swiggy said in a letter to its restaurant partners. ET has seen a copy of the letter.
14.08 / 10:51
Citizens
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rights
Understanding professional tax: What every employee and self-employed individual should know
The other day, I was sitting withtwo of myfriends—one a consultant and the other an employee—when the conversation turned to taxes. My colleague, an employee, was surprised to learn that he had been paying a professional tax of ₹200 every month, automatically deducted from his salary by his employer. The consultant, on the other hand, was fully aware of this tax, as he had to handle the payments himself.
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