Country Financial News
22.08 / 08:59
Lowe's
country
Low
Pakistan rupee hits record low vs dollar
dollar on Tuesday, traders said. The rupee has continue to decline as the country's caretaker government struggles to stabilise the crisis-ridden economy. Its previous record low was 298.93, which was hit on May 11.
22.08 / 08:59
Digital
Platform
Strategy
Mobile
Align
country
social
businesses
Indian
Majority of Indian small businesses plan website investments, says study
Data Observatory today. The survey found more the majority of Indian small businesses plan to implement marketing activities for their website, including advertising on social media platforms (77%), creating a responsive design for their website (70%), positioning the company better on search engines (70%), and monitoring the traffic of their pages (68%). GoDaddy’s Data Observatory finds 48% of small businesses in India, who currently do not have a business website, plan to build one within the next three months and 43% plan to do it in the next year. This underscores the continued importance of social media and creating a holistic digital marketing strategy.
22.08 / 08:59
Facebook
Target
Platform
Nov
Instagram
Meta Platforms
country
Fine
Facebook owner Meta asks Norway court to halt privacy fine
Meta Platforms on Tuesday asked a court in Norway to stop a fine that the country's data regulator has imposed on the owner of Facebook and Instagram for breaching user privacy, in a case that could have wider European implications. Since Aug. 14, Meta Platforms has been fined 1 million crowns ($94,313) per day for harvesting user data and using it to target advertising at them, called behavioural advertising, a practice common to Big Tech. The company is asking for a temporary injunction against the order, which imposes a daily fine through to Nov.
22.08 / 08:57
Waves
show
country
voice
social
generative AI
NOT
Generative AI to augment jobs, not destroy them: ILO study
ILO) said, adding that the impact on employment would be more on high-income countries and among females. According to the ILO study, Generative AI and Jobs: A global analysis of potential effects on job quantity and quality, most jobs and industries are only partly exposed to automation and are more likely to be complemented rather than substituted by the latest wave of Generative AI, such as chatGPT. “Therefore, the greatest impact of this technology is likely to not be job destruction but rather the potential changes to the quality of jobs, notably work intensity and autonomy,” it said. As per the study, 5.5% of total employment in high-income countries is potentially exposed to the automating effects of the technology, whereas in low-income countries, the risk of automation concerns only some 0.4% of employment. The study further shows that the potential effects of Generative AI are likely to differ significantly for men and women with more than twice the share of female employment potentially affected by automation. “This is due to women’s over-representation in clerical work, especially in high and middle-income countries,” it said, adding that one result of Generative AI could be that certain clerical jobs may never emerge in lower-income countries. According to the study, clerical work has the greatest technological exposure with nearly a quarter of tasks considered highly exposed and more than half of tasks having medium-level exposure. On the other hand, the potential for augmentation is nearly equal across countries, suggesting that with the right policies in place, this new wave of technological transformation could offer important benefits for developing countries, the ILO said. According to the ILO, there
22.08 / 08:57
UPS
Lowe's
Extreme
SUN
Racing
country
A packed launch schedule for ISRO after Chandrayaan-3 mission
Gaganyaan human space flight programme and an Indo-US synthetic aperture radar — ISRO has a packed schedule ahead. In addition, XPoSat (X-ray Polarimeter Satellite), the country's first dedicated polarimetry mission to study various dynamics of bright astronomical X-ray sources in extreme conditions, is also ready for launch, an ISRO official said on Tuesday.Aditya-L1, the first space-based Indian observatory to study the Sun, is getting ready for the launch, most likely in September first week. According to ISRO Chairman, Somanath S, the space agency has also lined up the launch of a climate observation satellite INSAT-3DS. The launch of a test vehicle mission, for the validation of the crew escape system for Gaganyaan, the country's maiden human space flight mission, is also expected soon. "(Then) we have to launch NISAR, the India-US built Synthetic Aperture Radar", Somanath said in his independence day address at ISRO headquarters here on August 15. «So, our hands are full.»
22.08 / 08:25
Microsoft
Entertainment
Ubisoft
stage
country
Activision
UK initiates new investigation into Microsoft's Activision Blizzard acquisition over altered merger proposal
Microsoft Corp.'s $69 billion acquisition of Activision Blizzard Inc., following a substantial alteration to the proposed merger by the tech giant. This move, as reported by Bloomberg effectively resets the acquisition process to its initial stages, as announced by the country's antitrust watchdog on Tuesday. In an uncommon development, the Competition and Markets Authority (CMA) declared that it was reevaluating Microsoft's offer after the company indicated its intention to sell the rights of all present and future Activision games for the next 15 years to Ubisoft Entertainment SA.
22.08 / 08:09
Manufacturing
country
end
Is China’s economic miracle nearing its end? | Mint Primer | Mint
China's economy is facing challenges due to author... moreChina's economy is facing challenges due to authoritarian policies, lockdowns, and economic shifts.
22.08 / 08:09
COST
Provident
Highways
performer
country
star
Standard
India gets its own NCAP rating for vehicle safety standard
New Delhi: The government will launch the Bharat New Car Assessment Programme (B-NCAP) in October to assess the safety of new vehicles. The programme will assign star ratings based on a vehicle's performance in crash tests similar to global NCAP and European NCAP, ultimately improving road safety in the country. Minister for Road Transport and Highways (MoRTH) Nitin Gadkari, while announcing the launch of B-NCAP on Tuesday, emphasized the importance of safer vehicles in India, where there are 5 lakh accidents and 1.5 lakh deaths annually.
22.08 / 08:09
COST
FIVE
Highways
performer
country
star
Govt to roll out vehicle safety programme Bharat NCAP on October 1
The government will roll out the Bharat New Car Assessment Programme (NCAP) on October 1. Under the programme, which is on the lines of the Global NCAP and European NCAP, new vehicles will be checked for safety and assigned star ratings based on their performance in crash tests.
22.08 / 08:09
Platform
Remark
track
country
Moon
Chandrayaan-3 mission on schedule; smooth sailing for moon landing goes on, says ISRO
Indian Space Research Organization (ISRO) on Tuesday said that the Mission Operations Complex (MOX), located at the ISRO Telemetry, Tracking and Command Network (ISTRAC) here, is buzzing with energy and excitement. It also shared the images of the moon captured by the Lander Position Detection Camera (LPDC) from an altitude of about 70 km, on August 19, 2023, that assist the Lander Module in determining its position (latitude and longitude) by matching them against an onboard moon reference map. “The mission is on schedule.
22.08 / 07:47
Twitter
Actor
Celebrity
stage
country
social
Moon
After facing backlash, Prakash Raj clarifies Chandrayaan-3 moon landing joke; says 'hate sees only hate'
Prakash Raj, who was recently slammed online for sharing a post that seemingly mocked India's Chandrayaan-3 moon landing mission, has now broken his silence and shared a clarification. Responding to the backlash, the actor took to Twitter on Monday evening and clarified his intentions behind the post, shedding light on the humorous context that seemed to have been missed by some. Addressing the matter, Prakash Raj stated, «Hate sees only hate. I was referring to a joke of Armstrong times, celebrating our kerala Chaiwala. Which Chaiwala did the trolls see ?? If you don't get a joke then the joke is on you. Grow up.» The original post that sparked the controversy on Monday depicted an individual clad in a vest and lungi, pouring tea, accompanied by the caption, «First picture coming from the Moon by #VikramLander.»
22.08 / 07:35
UPS
SpaceX
track
country
electronic
Time
Is it Time to Consider Spacetech Stocks?
Space Age began in October 1957 when the USSR launched the Sputnik satellite. As per European Space Agency estimates, since then, nearly 15,000 satellites have been put into orbit. But here is the kicker.
22.08 / 07:35
Platform
country
Moon
Indian
Chandrayaan-3: Indian spacecraft's ‘failure-based design’ key to soft landing on moon. Here's how
Chandrayaan-3 is poised for a soft landing on the moon's surface on August 23, an event that will be witnessed live by the entire nation across multiple platforms. ISRO Chairman S Somanath has earlier said Chandrayaan-3's ‘failure-based design’ is one of the key reasons to believe that it will not meet the same fate as its predecessor ‘Chandrayaan-2’.
22.08 / 07:17
UPS
country
Govt to sell onions at Rs 25 per kilo, Piyush Goyal says
Consumer Affairs and Food Piyush Goyal on Tuesday. «Onions were sold at Rs 25 per kilo at many centres yesterday. This process will be accelerated from today onwards.
22.08 / 07:07
FIVE
VISA
Career
Gap
country
audience
Five ways English language proficiency can improve your life
One way to demonstrate your language proficiency in English and gain a competitive edge is by taking the Pearson Test of English (PTE), which is now recognized and accepted by Australia, Canada, the US and the UK across all visa categories. PTE is a computer-based English language test for those who wish to study, work or migrate abroad. It tests the reading, writing, listening, and speaking skills of the candidates in a single two-hour assessment. It offers candidates a fast fair and flexible way of proving their English language proficiency. Here’s five ways in which English language proficiency can improve your life:
22.08 / 07:07
VISA
COP
Mobile
country
In wake of Seema Haider, another woman from a neighbouring country seeks her husband in India
Seema Haider, a Pakistani national, a similar tale has emerged, this time involving a woman from Bangladesh. Sonia Akhtar, the woman in question, has made her way to India, specifically Noida, along with her infant son. Her mission: to find her alleged Indian husband, who she claims has deserted her. Residing in Noida for the past eight days, Sonia Akhtar recounts her story.
22.08 / 07:07
COST
UPS
Booking
show
country
Current investment climate and overall banking scenario in India very good: Rajnish Kumar
«The picture seems to be very good as far as public sector banks and the overall banking scenario in the country is concerned and it is an effort which had started a couple of years ago,» says Rajnish Kumar, Former Chairman, SBI.Let us get in an overall picture from you on the entire banking sector because we have seen balance sheets getting cleaner, growth looking strong, it is pretty strong environment as well. So, given the fact that historically private sector banks have thrived, a lot of public sector banks are now looking a little more competitive, valuations as well are looking better. So, how does the picture stack up?The picture seems to be very good as far as public sector banks and the overall banking scenario in the country is concerned and it is an effort which had started a couple of years ago. All the banks took steps to clean up their balance sheet.
22.08 / 07:07
UPS
Citi
Digital
Manufacturing
show
country
Latin
In H2, Bajaj Auto domestic biz showing signs of incremental growth: Rakesh Sharma
Rakesh Sharma, Executive Director, Bajaj Auto, says “the export opportunity is just unfolding. We are far from seeing it getting exhausted. The scope for two-wheelers in parts of Latin America and Africa is enormous. But participating in international business is not for the faint hearted. It is not for the trader. This is for the manufacturer. This is for people who have a genuine commitment to global play. That is what Bajaj is all about. I would say the emerging markets story is far from exhausted. It holds a lot of potential still, and we are very optimistic about it. But we do not think it is going to play out very rapidly.”We have always looked at Pune as the go-to city as a manufacturing space, especially for auto. What is so special about Pune that makes it perhaps the Detroit of India?Pune is quite a delightful city.
22.08 / 06:45
COST
Citi
CBDC
Digital
Citizens
country
Russian Central Bank: Digital Rubles Will Be Classified as ‘Highly Valuable Liquid Assets’
The Russian Central Bank says it plans to begin classifying the digital ruble, the nation’s CBDC, as a “high-quality liquid asset” (HQLA), and will likely eventually oblige banks in the country to follow suit.
22.08 / 06:45
UPS
Manufacturing
Highways
performer
country
star
electronic
Demystifying Bharat NCAP: Your roadmap to safer car selection
In a bid to enhance road safety, the Ministry of Road Transport and Highways in India has introduced a game-changing initiative – the Bharat New Car Assessment Programme (Bharat NCAP). This program is all about evaluating the safety performance of passenger vehicles designed to carry up to eight passengers and not exceed a weight limit of 3.5 tonnes.
22.08 / 06:45
COST
UPS
Lowe's
show
country
Low
India's July Russian oil imports dip; Saudi import down to 2-1/2-year low
crude oil imports from Russia dipped for the first time in nine months, while inbound shipments from Saudi Arabia tumbled to their lowest in 2-1/2 years following OPEC+ cuts, tanker data from trade and industry sources showed. Both China and India, the world's biggest and third-biggest oil importers, cut imports from Russia and Saudi Arabia in July after prices rose and as the two oil producers reduced output and crude oil shipments. Saudi Arabia volunteered to cut output by another 1 million barrels per day (bpd) from July through September, and Russia will reduce exports in August by 500,000 bpd, part of a deal among members of the Organization of the Petroleum Exporting Countries and its allies, a grouping know as OPEC+, to curb supplies and support prices. India's overall imports also declined 5.2% from June to 4.4 million bpd oil in July, the data showed, as several refining plants are shut for maintenance during monsoon season.Russian oil imports declined 5.7% to 1.85 million bpd and Saudi shipments fell by 26% to 470,000 bpd, the data showed. India imports more than 80% of its overall oil needs. Indian refiners that have been diversifying their oil import sources to cut costs began snapping up Russian oil at a discount as some Western companies stopped purchasing from Moscow following its invasion of Ukraine in February 2022. India's import of Russian oil may now decline further in August and September, however, as refiners plan maintenance at their plants and as Russian crude prices are above the $60-a-barrel ceiling imposed by the European Union and G7 economies after spot discounts shrank, sources said. Russia was still the top oil supplier to India in July, though, followed by Iraq and Saudi Arabia.
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