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Navy craft rammed into their ferry off the Mumbai coast, was found on Thursday, taking the toll to 14, said police as the Navy launched a probe into one of the deadliest crashes in the city's harbour area. A day after the crash, the body of the 43-year-old man was found near the ferry, police said. Search operation continues to locate a seven-year-old boy who is still missing, a police official added. A naval helicopter and boats of the Navy and Coast Guard were deployed on Thursday to look for the missing passengers. Eight boats, including those from the Navy and Coast Guard are involved in the Search and Rescue (SAR) operation, the official said.

labor market conditions. Initial claims for state unemployment benefits dropped 22,000 to a seasonally adjusted 220,000 for the week ended Dec. 14, the Labor Department said on Thursday. Economists polled by Reuters had forecast 230,000 claims for the latest week. Claims have entered a period of volatility, which could make it challenging to get a clear view of the labor market. A range of indicators including claims and job openings suggest that conditions are much looser than they were before the COVID-19 pandemic, but the labor market is slowing in an orderly fashion.

Bharti Airtel has prepaid Rs 3,626 crore to the Department of Telecommunications (DoT), clearing all liabilities relating to airwaves bought in the 2016 auction. This will help India’s second-largest telco save on interest costs annually and boost cash flows as it rapidly expands its countrywide 5G network and ramps up 4G rural coverage. “With this, Airtel has cleared all liabilities for spectrum it had acquired in 2016 and prepaid all its spectrum dues that had interest costs higher than 8.65%,” the Sunil Mittal-led telco said in a statement Thursday. The company added that following the latest payment, it has prepaid Rs 28,320 crore of spectrum dues in calendar 2024.

NTPC has plans to set up a nuclear project in Bihar, a move which will increase its non fossil energy portfolio, the company's Chairman and Managing Director (CMD) Gurdeep Singh said on Thursday. NTPC has also requested the state government for a land parcel at a suitable location to take forward its nuclear plans, he said addressing a session at the 'Bihar Business Connect 2024' summit here. «Looking at the future of the energy sector, nuclear (energy) is expected to become extremely important for the energy sector, 20-30 years down the line. I want to share that NTPC is now entering the nuclear energy space,» Singh said. Without sharing any further details, he said NTPC will conduct a study before taking ahead the plans to set up the nuclear project in the state.

Shares of the company rose 5% in premarket trading.

fiscal discipline by reducing the fiscal deficit, achieving fiscal stability, and so much more.

The mediators, at talks in Egypt and Qatar, seek to forge a deal to pause the 14-month-old war in the Hamas-ruled enclave that would include a release of hostages seized from Israel on Oct. 7, 2023, along with Palestinian prisoners held by Israel. Mediators had managed to narrow some gaps on previous sticking points but differences remained, the sources said.

Lieutenant Governor Manoj Sinha and top officers of the Army, paramilitary forces, J&K administration, intelligence agencies and the Ministry of Home Affairs (MHA) attended the meeting. This was Shah's first meeting to review the security situation in the Union territory after the recent assembly elections that brought to power a National Conference government headed by Chief Minister Omar Abdullah. After the abrogation of Article 370 and the bifurcation of the erstwhile state into two UTs in 2019, law and order in Jammu and Kashmir comes under the central government.

To tackle Trump's threat of a «reciprocal tax» on Indian goods for high tariffs, some officials of the Indian commerce ministry are ready to consider cuts on certain products such as pork, a senior government source said. Currently India slaps about a 45% import tariff on pork, which is mostly supplied by the U.S. Tariffs could also be reduced on high-end medical devices such as pace makers and luxury motor-cycles, including Harley Davidson, said a second official with direct knowledge of trade issues, citing the 25% to 60% tariffs on these products.

Nifty is expected to trade in the range of 25,000-28,000 in 2025 with green energy, IT and banking remaining prominent investment themes, a smallcase survey said. In the smallcase survey, comprising 150 fund managers, 50% suggested Nifty to be in the 3,000-point range.

Faced with the rapid proliferation of digital technologies and an ever-increasing millennial/Gen Z customer base, major banks across the US and Europe reduced their physical branch network over the last decade. While the underlying thought process did influence strategic thinking globally, Indian banks bucked the trend. Instead, they focused on branch expansion, resulting in one of the best growth periods for the Indian banking industry as a whole. 

Hiring in November grew 10% from a year earlier and 3% from the previous month. The momentum, according to Foundit, will continue into next year. Emerging technologies and evolving business priorities will shape India’s job market in 2025. Innovations such as edge computing, quantum applications and cybersecurity advancements are set to transform industries like manufacturing, healthcare and IT, while the rise of retail media networks and AI-driven workforce analytics will reshape talent needs in ecommerce, HR and digital services. Organisations will look for professionals skilled in digital marketing, ad management and HR analytics, its survey has found.

Sandeep Gulati, Managing Director at ManpowerGroup (India & Middle East) shares, «In today’s hybrid and digitally transformed workplace, leadership must adopt an outcome-based approach to performance management. By designing metrics focused on measurable deliverables and prioritizing output over input, organizations can shape employee behaviour to achieve desired outcomes.” He adds that a clear alignment between goals and rewards fosters accountability within teams and creates a clear pathway for success.

CKYC). Two of such measures are- masking KYC identifier details (PAN, Aadhaar, voter ID card, driving license etc) and unique IP address based authorised access. Earlier all your details were viewed and searched by any intermediary. Now these practices are starting to end as the government proposal of masking all KYC identifiers. However, the industry players-banks, financial institutions essentially Regulated Entities (REs) voiced concerns about the government being very fast in implementing these measures and hence requested a deadline extension. The Central Know Your Customer (CKYC) has listened to REs’ request and has extended the deadline for masking of KYC identifier documents from December 16, 2024, to January 20, 2024.

Besides a so-called «step change» in tackling illegal working with new technology for frontline border officers, the Home Office will also introduce an Immigration White Paper next year to set out further details of its plan to reduce legal migration. ALSO READ: Indians have highest concentration of professionals in UK: Report

Guideline Geo to set up a world-class Centre in India for geophysical exploration with state-of-the-art instruments services, and applications to support the industrial and startup ecosystem. With increasing worldwide development, the demand for minerals is rising. In this context, “ninerals” can refer to different rock types and sediments but more likely commodities such as gold, copper, iron, etc. Mineral exploration can be challenging, with large areas to cover, sometimes in very rough terrain, and complicated geological structures hiding the minerals we want to mine. This means that the chosen investigation technique should be able to address these issues. This can only be achieved by accelerating the advanced practices in geophysical exploration techniques, offering a non-destructive and cost-efficient way of gaining a better understanding of the sub-surface conditions.

Nestle India on Thursday said the suspension of the MFN (most favoured nation) clause granted to India by Switzerland will have 'no impact' on the company. The suspension of MFN status under the Double Taxation Avoidance Agreement (DTAA) is a policy issue between the government of India and Switzerland and is not 'Nestle-specific', the FMCG firm said in a statement. Nestle India, which owns popular brands such as Maggi, Nescafe and KitKat, said the company was already «deducting 10 per cent withholding tax» on cross-country payments. Earlier on December 11, the Swiss government had announced the suspension of the MFN status granted to India following a ruling by the Supreme Court of India, which in a judgement last year had said MFN status under the DTAA cannot be enforced unless notified under Section 90 of the Income Tax Act.

Subscribe to enjoy similar stories. It's not every day that you get to see or interact in person with Bollywood superstar andKaun Banega Crorepati anchor Amitabh Bachchan. But if you visit the Juhu branch of IDFC FIRST Bank in Mumbai, you can engage with an artificial intelligence (AI)-powered holographic avatar of the veteran actor, who is the bank's brand ambassador.

Air India on Thursday placed an order for 34 trainer aircraft as it prepares to start training of cadet pilots at South Asia’s largest Flying Training Organisation (FTO) coming up in Amravati, Maharashtra by the second half of 2025, post regulatory approvals. The order includes 31 single-engine aircraft from Piper Aircraft in the United States and 3 twin-engine aircraft from Diamond Aircraft in Austria. ALSO READ: Air India announces special discounts & benefits for students; check details