Aware Financial News
01.03 / 13:04
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Besco bags Rs 485 crore order to supply 1,200 wagons to Indian Railways
Indian Railways has awarded a Rs 485.09 crore tender to Kolkata's Besco Limited for manufacture and supply of 1,200 wagons. A third of these wagons need to be delivered by December 2024-end. According to officials aware of the development, the balance wagons will be delivered in two batches of 400 each by December 2025-end. This tender was awarded to Besco earlier this week. Besco will be supplying Bogie Open Wagon type (BOXNS) wagons which are primarily used for ferrying coal and steel on the national transporter. The Railways will be billed Rs 34.26 lakh per wagon by Besco which will be manufactured in West Bengal’s 24 Parganas (South). This rate has been arrived after a counteroffer made by the Railway Board in December 2023. This is the fifth tender awarded by the Indian Railways for procuring BOXNS wagons in the current fiscal. The first and largest of these tenders has been awarded to Kolkata’s Jupiter Wagons which will supply 4,000 wagons, totalling a tender value of Rs 1,616.96 crore. Texmaco Rail and Engineering, another Kolkata headquartered firm bagged the second largest BOXN wagon tender awarded this fiscal for Rs 1374.41 crore to supply 3,400 units.
01.03 / 10:53
Waters
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mountaineering
Meaning of JMM has become ‘jam kar ke khao’ — PM Narendra Modi blasts Jharkhand govt in Dhanbad | 8 key quotes
ALSO READ: PM Modi says ‘step toward Atma Nirbharta’ while unveiling projects worth ₹35,700 crore in Jharkhand. 10 things to know 2) “JMM and Congress have only considered the Adivasis as their vote bank... They will never let the talented people of the tribal communities come forward.
01.03 / 02:27
markets
Provident
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Trade
Bank Holidays in March 2024: Banks to be closed on these days. Check the full list here
Bank Holidays in March 2024: Mark your calendars for the following upcoming bank holidays this month of March 2024. All banks will remain closed for at least 14 days in March.
29.02 / 15:51
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Videos
Who is Dolly Chaiwala? Internet sensation who earned praise from Bill Gates for his unique style of serving tea
Bill Gates captioned the video shared on social media platform Instagram.A post shared by Bill Gates (@thisisbillgates) With a roadside tea stall located near the old VCA stadium in the Sadar area of Nagpur, Dolly Chaiwala earned internet fame with his unique approach to tea-making. While his real name remains unknown, Dolly Chaiwala's videos are viral on the internet, accumulating lakhs of views. The tea seller is known to upload various videos while making tea in a his own style, attracting a lot of eyeballs online.
29.02 / 15:03
Aware
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Celebrity
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Viral tea vendor Dolly Chaiwala had no idea he served Bill Gates, now dreams of serving PM Modi
tea vendor, Dolly Chaiwala, serving tea to Bill Gates went viral. But surprisingly, Dolly admits he didn't initially recognize the tech giant! Gates, while visiting India, stopped by Dolly's tea stall in Nagpur, known for its unique style. He even shared the video on Instagram, where it took the internet by storm. «Excited to be back in India, home to incredible innovators working on new ways to save and improve lives—and even make a cup of tea,» Gates wrote on Instagram alongside the video. He added, «Looking forward to many Chai Pe Charcha.»
29.02 / 13:11
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They act as BJP's cell, says Akhilesh Yadav on CBI summons
CBI summons to him in the mining case before elections, Samajwadi Party chief Akhilesh Yadav on Thursday said they (CBI) act as a cell of the BJP. Attacking the BJP, Yadav mentioned Chandigarh mayoral poll and alleged that the BJP's «theft» and «dacoity» of votes came to the fore as election was held through ballot and CCTV was there. Yadav was talking to reporters on the sidelines of the PDA conference in which office-bearers of backward, minority and Dalit cells of the party were present. «Summons before elections… they (CBI) act as 'prakoshth' (cell) of the BJP,» Yadav said while here at the party office.
29.02 / 08:31
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wellness
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International
IND vs ENG: Devdutt Padikkal set for debut as KL Rahul doubtful for 5th Test, says report
Hindustan Times. India is set to lock horns with England in the fifth and last match, starting from 7 March in Dharamsala. "Padikkal will make his debut in Dharamsala.
29.02 / 08:31
Provident
Digital
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security
information
prevention
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Financial
Financial Literacy: 5 key reasons why it matters more than ever
Financial Literacy Week (FLW) to improve the public's understanding of financial concepts and products, enabling them to make well-informed decisions for their financial well-being. The chosen theme for the ‘Financial Literacy Week’, scheduled from February 26 to March 01, 2024, is “Initiate Wisely: Cultivate Financial Intelligence". The annual ‘Financial Literacy Week’ aims to promote the utilization of formal banking and financial services, discouraging reliance on informal or unreliable sources.
29.02 / 08:07
29.02 / 04:19
Citizens
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community
Department
peace
MLAs of Naga dominated constituencies urge Manipur CM to appoint new Tribal Affairs Minister
Naga dominated constituencies have petitioned chief minister N Biren Singh to appoint new Tribal Affairs and Hills Minister in-charge to look after the affairs of tribals and hills efficiently and effectively. In a letter the MLAs stated, “As you are aware of the difficulties faced by the innocent citizens of Manipur due to unrest happening in our state. In this hour of crisis, we would like to appeal to you to kindly look into the matter of the functioning of Tribal Affairs and Hills Department which has been rendered defunct due to absence of the Hon'ble Minister of Tribal Affairs and Hills, Government of Manipur for the last 10(ten) months. It is pertinent to point out that this Department is becoming more crucial in this hour of crisis to look after the needs and development of tribals and hills areas of the state to bring over-all peace and progress in the state. Therefore, we would like to request you to appoint a new Tribal Affairs and Hills Minister in-charge to look after the affairs of tribals and hills efficiently and effectively". There are two ministers from the Kuki community in the council of ministers. While Letpao Haokip is Tribal Affairs and Hills Minister, Nemcha Kipgen is industry minister.
29.02 / 04:19
Provident
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Assurant
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Schools
Spacetech startup Digantara raises $2 million from Aditya Birla Ventures, others
Spacetech startup Digantara, which focuses on space situational awareness, said it has raised $2 million from Aditya Birla Ventures and SIDBI Venture Capital, the venture capital arms of Aditya Birla Group and the Small Industries Development Bank of India (SIDBI), respectively. The latest capital infusion marks the final close of the Bengaluru-based startup’s Series A stage of funding at $12 million. In June 2023, Digantara had raised $10 million led by Peak XV Partners (formerly Sequoia Capital India and Southeast Asia).
28.02 / 22:53
28.02 / 19:19
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Railways bans diesel generators supplier JVPL for 2 years
Indian Railways has barred for two years Jakson Ventures Private Ltd (JVPL), one of the largest and oldest suppliers of diesel generators in the country. Jakson is the authorised dealer for US-headquartered diesel genset maker Cummins Inc. Government officials aware of the development said JVPL had forged documents certifying earnest money deposit (EMD) as bank guarantee in a bid called by Central Periodical Overhauling (CPOH) Workshop of the Indian Railways in Prayagraj. Responding to queries from ET, Jakson Group said JVPL is an independent legal entity, which has filed a writ petition in the Allahabad High Court against the Railway Board order.
28.02 / 16:11
UPS
Booking
Aware
Instagram
blues
Videos
Suicide scam? Mumbai YouTuber's video of Ola driver goes viral, netizens say ‘saare influencers ko same cab wala mila’
Anisha Dixit put up a video where she shares snippets taken from the rear seat of the cab. The driver of the Ola cab, wearing a powder blue shirt and a black mask is seen crying and stating he would commit suicide. Anisha describes how an Ola driver she booked from Bandra began crying uncontrollably as soon as she entered the car.
28.02 / 09:01
MET
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Election
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shock
Crisis looms over Himachal Pradesh Congress government after Vikramaditya Singh's resignation
Vikramaditya Singh from the council of ministers in Himachal Pradesh has deepened the crisis for Chief Minister Sukhvinder Singh Sukhu-led Congress government in the hill state. The development comes a day after at least six Congress MLAs cross-voted in Rajya Sabha elections, leading to the shocking defeat of Congress leader Abhishek Manu Singhvi to Bharatiya Janata Party's Harsh Mahajan.
28.02 / 07:43
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Inflows into mutual fund SIPs continue to spike. These are the 5 key reasons
systematic investment plans (SIPs) of mutual funds have jumped to ₹18,838 crore in Jan 2024, reflecting a jump of 36 percent in just one year’s time. A year prior to this, the corresponding figure for SIP inflow stood at ₹11,517 crore and two years before, inflows into SIPs stood at ₹8,023 crore. Consequently, total SIP assets under management (AUM) have touched ₹10.26 lakh crore, 43 percent in just nine months when it stood at ₹7.17 lakh crore, shows the AMFI data.
28.02 / 05:29
Digital
Aware
security
students
information
gatherings
Features
Financial
RBI observes financial literacy week from February 26 to March 1; all you need to know
Financial Literacy Week (FLW). The primary goal is to convey messages regarding financial education to the general public, fostering the empowerment of individuals to adopt responsible financial behaviour and make informed financial decisions. The designated theme for the Financial Literacy Week scheduled from February 26 to March 01, 2024, is “Initiate Wisely: Cultivate Financial Savvy".
28.02 / 04:13
Provident
Aware
security
trends
social
reports
EPFO Alert: Services utilising Aadhar authentication closed for technical maintenance today
Pension Payment Order: How to find your PPO number? A step-by-step guide According to reports on February 20 it was revealed that the EPFO has rejected every third claim that it received. Several subscribers raised their grievances relating to the delay in claim settlement on the official X handle of EPFO. India's provident fund body is the world’s largest social security organisation with over 277 million accounts and a corpus of nearly ₹20 lakh crore.
28.02 / 03:09
Progressive
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awards
Research
Celebrity
country
innovations
National Science Day 2024: Everything you need to know about the day
National Science Day is celebrated across India on February 28 to honor the discovery of the Raman Effect by physicist Sir CV Raman in 1928. The Raman Effect is the inelastic scattering of light by molecules, a discovery that earned Raman the Nobel Prize in Physics in 1930, making him the first Asian to receive the prestigious award in any branch of science. History of National Science Day In 1986, the National Council for Science and Technology Communication (NCSTC) proposed to the Government of India that February 28 be designated as National Science Day. Since 1987, this day has been celebrated to commemorate the discovery of the Raman Effect and to promote scientific temper in the country.
28.02 / 00:35
Maxim
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LGBT
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Equality
Courts
Taxman to step aside for banks in bankruptcy waterfall
New Delhi: The taxman will defer to secured creditors such as banks while sharing the proceeds of a bankruptcy rescue, two people aware of the government’s plans said. The Centre will amend the Insolvency and Bankruptcy Code (IBC) to unambiguously state that tax authorities will be below secured creditors having a charge on the assets of a corporate borrower in hierarchy while distributing the proceeds, the people cited above said on condition of anonymity. This is a key proposal in the amendments to the IBC that the ministry of corporate affairs has prepared in consultation with the sector’s rule maker Insolvency and Bankruptcy Board of India (IBBI).
28.02 / 00:35
markets
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Provident
Target
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Trade
reports
Will India get a four-year breather on carbon tax?
New Delhi/Mumbai: India plans to seek a four-year delay in the start date of the European Union’s contentious carbon tax to provide more breathing space to its exporting industries, multiple people aware of the matter said. Under the EU’s carbon control regime that kicks off in 2026, emissions should be reduced 2.5% in the first year and reduced every year after that, and eliminated by 2034. There are different targets set for every year and the current plan aims to reduce emissions by 48.5% by 2030.
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