Aware Financial News
28.03 / 16:47
UPS
Aware
Southern
Research
Experts
2020
The Great Himalayan Earthquake: A matter of 'when' not 'if'
In India, the Himalayas are most prone to earthquakes. Experts have highlighted the possibility of a 'Great Himalayan Earthquake'. Any major seismic activity in the region always brings to fore this vulnerability. The impact of such a large earthquake of magnitude of 8 or above can also impact the National Capital Region of Delhi. A matter of 'when' not 'if' American geophysicist Roger Bilham has warned that the Himalayas are the only place in the world where a large quake can occur on land. «India slides 2m beneath the southern edge of Tibet every century. Unfortunately, its northern edge does not slide smoothly but is hung-up (by friction) for hundreds of years and catches up in minutes when this friction is overcome. The slip events, which we call earthquakes, are the inevitable and unavoidable consequence of this motion,» Bilham had told TOI in an interview in 2020. Bilham has explained why the Great Himalayan Earthquake is inevitable even though experts can't say exactly when it can happen. «Great earthquakes with magnitudes exceeding 8 on the Richter scale have been occurring in the Himalayas every few hundred years. We have geological evidence that earthquakes as large as M=8.7 have occurred many times in the past 2,000 years. However, no magnitude 8 earthquakes have occurred in the past 70 years to release the pressure in the Himalayan arc. Two or more regions of the Himalayas must soon rupture in a great earthquake. It is not a matter of “possibly”. They must occur. Unfortunately, scientists are unable to offer any insight into their precise timing,» Bilham had told TOI.
28.03 / 13:37
28.03 / 05:47
Provident
Aware
cover
consequences
Department
Equality
Updates
Claimed HRA but skipped TDS on rent? The taxman wants answers
The Income Tax Department is sending notices to salaried taxpayers who claimed House Rent Allowance (HRA) but did not deduct tax at source (TDS) on rent payments in past financial years. The notices ask taxpayers to verify their HRA claims—and if incorrect, amend their tax returns before the 31 March deadline.
28.03 / 05:23
markets
COST
UPS
Booking
Aware
Strategy
wellness
Equity tax-loss harvesting is a double-edged sword, make sure it works for you
equity and other investments to set off against capital gains made in the past and, thereby, reducing the tax liability. This strategy is popularly known as «tax-loss harvesting.»
27.03 / 16:57
MET
Aware
Career
President
love
show
stars
Decoding 'Today' star Jenna Bush Hager's love story; here's how Henry Hager started dating George Bush's daughter
Jenna Bush Hager, daughter of former US President George Bush and his partner Laura Bush, is garnering praise for her Today show where she has remained pretty vocal about her upcoming career projects and her personal life, especially with her husband, Henry Chase Hager. Although the couple got married at a private ceremony in 2008, the two of them have remained together for over two decades now and are co-parenting their three children.
27.03 / 10:57
Reuters
Aware
Platform
WhatsApp
Experts
reports
OnlyFans fined $1.4 million for age disclosure failures amid allegations of illegal content
media and telecommunications regulator announced on Thursday that it has fined the operator of the adult-only platform OnlyFans £1.05 million ($1.4 million) for failing to meet age-verification and disclosure requirements, according to a report by Reuters. The fine comes amid growing concerns about the platform's involvement in hosting illegal content, including child sexual abuse material and trafficking. Meanwhile, another Reuters report earlier in January, 2025, noted that the popular subscription-based platform has been at the center of allegations involving its payment processors, Visa and Mastercard. According to the Reuters report, a whistleblower, identified as a senior compliance expert, filed a complaint in January 2023, accusing the two credit card giants of failing to stop their networks from processing payments for illicit material on the platform.
27.03 / 10:37
27.03 / 08:51
Provident
Aware
Fishing
Updates
International
boating
aquatics
"Our government has inherited the problem": EAM replies on Indian fishermen detained by Sri Lanka
Indian fishermen detained in Sri Lanka during the question hour in Rajya Sabha on Thursday, External Affairs Minister S Jaishanker said that the current government inherited the situation due to events that can be traced back to 1974 and 1976. Jaishankar detailed Sri Lanka's legal framework, stating, «Sri Lanka has two laws--the Fisheries and Aquatic Resources Act of 1996 and the Fisheries Regulation of Foreign Fishing Boats of 1979. Both these acts were amended in 2018 and 2023, providing for much stiffer sentences, bigger fines, and greater detention.» He explained that many of those serving sentences are boat owners, skippers, or repeat offenders, complicating resolution efforts. He stated that the «root cause» of the ongoing issue related to the detention of Indian fishermen in Sri Lanka began in 1974 when the international maritime boundary line was drawn, followed by an exchange of letters in 1976 with Sri Lanka delineating fishing jurisdiction. «The house is aware that, in a way, our government has inherited the problem. This problem began in 1974 when the international maritime boundary line was drawn, followed by an exchange of letters in 1976 delineating fishing jurisdiction. These decisions are the root cause of the situation,» EAM said while replying to the question raised by DMK MP Tiruchi Siva.
27.03 / 06:15
COST
UPS
Aware
Strategy
students
Schools
International
Why parents should not ignore building a financial plan for child's education
Subscribe to enjoy similar stories. In today’s world, education is no longer just about survival. Parents are going the extra mile, making thoughtful decisions about how and where their children study, from preschool to college.
27.03 / 01:55
COST
Citi
Progressive
Aware
Trade
International
GIFT Nifty came home nearly two years ago, but it still has a long way to go
Subscribe to enjoy similar stories. India’s ambitious push to bring home trading in Nifty 50 derivatives has made limited progress in nearly two years, as many traders tempted by cost and logistical advantages keep faith in the Singapore Exchange (SGX). While the share of GIFT Nifty volumes originating from within GIFT City has nearly doubled to 33% during the period, it is still a long way from realizing the goal of attracting the majority of these trades to India.
26.03 / 17:59
UPS
Booking
Aware
PwC
reports
Awaiting an end to IndusInd Bank's ₹1,500 cr derivative loss saga
If any Mickey Mouse accounting goes on for years in the treasury, it would, however, be with the knowledge of the mid-office that monitors — or, is supposed to monitor — the risks and reports any breach to the treasurer and chief risk officer. In the sequence and hierarchy of these divisions that witness millions of bond, currency and derivative deals, the front office 'creates' the risk to make money, the mid office 'keeps tabs' of positions, and the back office records and reconciles. In some ways, a treasury is a bank within a bank. Among this cast of characters, some (directly reporting to the kingpin) would be typically aware of sharp practice; many lower in the ranks would blindly do what's told to them; and some would look the other way while letting the music go on. The army of auditors scrutinising the books, and probably call records and chats of IndusInd Bank officials, will have to ferret out exact quantum of losses, gaps in processes, and why the funny divergent accounting — booking profits while deferring losses of mirror derivative transactions — went on since 2016. It would hint who knew what, whether conflicted reporting arrangements fuelled the folly, and whether someone from the back office had ever raised a red flag.
26.03 / 17:25
Citi
Aware
awards
WhatsApp
Need to compress time to implement trademarks, copyrights: Piyush Goyal
Piyush Goyal Wednesday said that the time taken to implement trademarks and copyrights needs to be compressed and any delays done away with. “Our trademark filings are the sixth largest in the world today. Our patent grants last year was about 100,000, maybe slightly less, because last year we were able to take off, shed off a lot of the backlog,” Goyal said at the National Intellectual Property (IPR) awards. He said as people are getting confidence that patents are being sorted out and granted in a record time, the enthusiasm to file patents in India is also improving and increasing. He said that the government is trying to encourage the IPR ecosystem to develop in India but trademark is still one area which takes “pretty long”.
26.03 / 16:11
markets
Citi
Provident
Aware
Manufacturing
Sustainability
reports
Zypp Electric lays off 10% of workforce amid profitability push
Zypp Electric has reduced its workforce by around 10% over the past two months as it works toward profitability ahead of a potential public listing. In January, the company had around 1,300 employees, which has now come down to around 1,180-1,190, according to a statement from the company. “Basically, this was not a layoff. We conducted an appraisal exercise in February, during which we looked at some rationalisation of non-performers to drive efficiency. This is part of a sustainable, profitable growth plan. As you build a business, you keep looking at its structure, and wherever some rationalisation is needed to enhance profitability and growth, you make those adjustments. That is what we continue to do,” he said.
26.03 / 14:21
Provident
FIVE
Aware
Action
WhatsApp
Healthcare
Vaccines
Karnataka to vaccinate girls aged 14 for cervical cancer in five districts for free
“This initiative reflects the government’s commitment to leveraging HPV vaccination to eliminate cervical cancer, the second most common cancer among women after breast cancer,” Rao said at an event, Cervical Cancer Elimination Movement: From Awareness to Action, held in Bengaluru. The programme is being carried out in collaboration with Artist for Her, HDR Healthcare Foundation, HealthCare Sector Skill Council, ECHO India, Association of Healthcare Providers and the Karnataka State Obstetrics and Gynaecology Association. Rao said the state government is considering a proposal submitted by Artist for Her and others to expand the vaccination drive to Chikkaballapur district. “Those screened and diagnosed will receive a 90% treatment success rate.
26.03 / 10:23
Digital
Aware
Action
Assurant
Election
prevention
Built an extra floor, balcony or skipped property tax payment? Bengaluru civic body is keeping an 'AI' on you
Bengaluru civic body Bruhat Bengaluru Mahanagara Palike (BBMP) will use artificial intelligence to identify illegal constructions and streamline property tax collection, according to Deputy Chief Minister and Bengaluru Development Minister DK Shivakumar. He said the move aims to ensure tax compliance and prevent unauthorized expansions by property owners. The technology will also be used to deliver property documents directly to residents.
26.03 / 09:09
UPS
Aware
Analysis
Food
Research
show
country
Why a ‘health tax’ alone may not solve India’s junk food crisis
Subscribe to enjoy similar stories. The growing consumption of ultra-processed food and aggressive marketing techniques by brands, such as pushing them to shelves labelled as healthy, have caught the government's eye. The Economic Survey 2024-25 highlighted the issue and suggested several corrective steps from awareness campaigns and stricter labelling to a ‘health tax’ to curb the excessive consumption of ultra-processed food.
26.03 / 06:29
markets
COST
UPS
Aware
Inside
social
Inside Ola Electric’s showdown with registration agencies
Subscribe to enjoy similar stories. Last month, buyers eagerly awaiting their Ola Electric scooters began noticing an unexpected delay. Instead of the usual one-week turnaround, deliveries stretched to nearly a month.
26.03 / 03:25
Target
Aware
DAL
inclusion
Equality
INDIA bloc to decide on Prashant Kishore's inclusion: AICC Bihar In-charge Allavaru
AICC Bihar, responded to questions about political strategist Prashant Kishore's prospective participation in the INDIA coalition. «As you are saying that he is standing against the BJP, the decision regarding him will be discussed and taken by the INDIA alliance parties,» Allavaru stated. The statement comes amid Kishore's criticism of the Bihar CM and the BJP. On Sunday, Jan Suraaj founder Prashant Kishor called for Bihar Chief Minister Nitish Kumar to resign, stating that the Janata Dal (United) chief's ability to govern has been compromised due to both physical exhaustion and mental unfitness. Addressing a press conference on Sunday, Kishor said, «The first person to comment on Nitish Kumar's health was his ally, Sushil Kumar Modi… Since then, many Bihar Ministers have commented on his health. I never commented on it till January. But during the BPSC protests, I learned that Nitish Kumar's mental condition has deteriorated so much that he has no clue what's going on in the state.»
24.03 / 09:31
Aware
Dreams
stage
information
testing
Videos
Interviews
How a terrible interview process helped a techie find his dream job
He initially engaged with the recruiter, who described the job as offering a competitive salary and benefits. The first round involved a video call with the hiring manager and HR to discuss his experience, which he found reasonable. The second round was an in-person panel interview with engineers, where he had to answer technical questions and give a short presentation. However, the third round included a group project where candidates had to suggest improvements to an existing company design, followed by technical aptitude tests and a final interview with senior management and HR. Unwilling to participate in what he saw as an unnecessarily complex and time-consuming process, he withdrew his application and informed the recruiter that such extensive procedures might be suitable for graduate-level roles but not for senior professionals. The recruiter, surprisingly, agreed and mentioned that he was making sure candidates were aware of the process beforehand.
24.03 / 01:09
UPS
Aware
wellness
President
stage
reports
testing
HCL-Foxconn OSAT JV begins scouting for EPC partners
HCL-Foxconn joint venture has begun talks with Larsen & Toubro (L&T) as well as Taiwanese major CTCI as it looks to onboard an EPC (engineering, procurement and construction) partner for its upcoming outsourced semiconductor assembly and testing (OSAT) facility, people aware of the development told ET. EPC companies essentially handle projects from the initial design and engineering to construction and completion stage. «Since Foxconn's semiconductor group head was in India, HCL arranged a meeting with EPC vendors like L&T and CTCI, who have worked extensively with Foxconn,» one of the people cited earlier said. «It took place as a preliminary discussion to see who could be the partner for the facility, going forward, because HCL-Foxconn are hoping to receive Cabinet approval by the end of this month.»
24.03 / 00:31
COST
UPS
FIVE
Aware
country
reports
RoCs step up compliance drive; basic company law breaches common among small businesses
Subscribe to enjoy similar stories. New Delhi: Registrars of Companies (RoCs) across the country have stepped up their compliance enforcement drive, with the largest number of penalty orders in the last five years getting issued in fiscal year 2025 (FY25), according to official data available from the ministry of corporate affairs.
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