Digital Financial News
13.12 / 05:07
markets
Digital
Action
Software
Videos
peace
International
China jeopardised peace with its military threat: Taiwan Defence Ministry
The video was shared by the Taiwanese Defence Ministry through a post on X. «The threat posed by #PLA to Taiwan and the region has escalated from coercion to directly affecting the First Island Chain, undermining the rules-based international order. #ROCArmedForces continue to forge our capabilities and deter war», the MND said.
13.12 / 04:51
markets
Digital
Gap
economy
Bill
innovations
information
India’s MSMEs offer huge opportunities, need to further leverage this sector: Oliver Prill, Tide
MSMEs, estimates suggest the actual number could be significantly higher, potentially reaching 140 million. The informal sector plays a substantial role in India's economy, with numerous unregistered businesses operating outside the formal system. This vast, untapped economic potential presents a significant opportunity for growth, innovation, and development waiting to be leveraged. In an interaction with ET Digital, Oliver Prill, CEO, Tide, says that India offers a tremendous growth opportunity, particularly as the country rapidly advances on its growth trajectory. To capitalise on this potential, it is essential to tap into the MSME sector, which is poised to play a vital role in driving India's economic growth, adds Prill. Edited excerpts:
13.12 / 03:37
markets
Digital
Software
Experts
Cycling
testing
Jason Gillespie steps down as Pakistan head coach ahead of Test series against South Africa
Jason Gillespie who was appointed as Pakistan's Test team head coach in April this year, stepped down from his role on Thursday. Aqib Javed, Pakistan men's white-ball head coach, will take over as head coach of the Test team for the upcoming series in South Africa. In Gillespie's last assignment as the Pakistan head coach, the team overcame a 1-0 deficit to emerge victorious in a three-Test series against England at home in October.
13.12 / 02:15
markets
Digital
Strategy
Software
Schools
Videos
Meta releases AI model to enhance Metaverse experience
Meta Motivo, which could control the movements of a human-like digital agent, with the potential to enhance Metaverse experience. The company has been plowing tens of billions of dollars into its investments in AI, augmented reality and other Metaverse technologies, driving up its capital expense forecast for 2024 to a record high of between $37 billion and $40 billion. Meta has also been releasing many of its AI models for free use by developers, believing that an open approach could benefit its business by fostering the creation of better tools for its services.
13.12 / 01:51
markets
Digital
Software
Experts
Courts
rights
Bangladesh court keeps bail petition, refuses to advance hearing of arrested Hindu monk Chinmoy Krishna Das
Chinmoy Krishna Das' bail, however, the judge did not allow the early hearing. Rabindra Ghosh, a Supreme Court lawyer and human rights activist, presented the petition in the court and the judge kept his application «on record» but did not allow an early hearing. «The senior lawyer Rabindra Ghosh used the authorised power with the signature of Chinmoy Krishna Das on the basis of Supreme Court Bar document. But the judge asked a requirement of Chittagong Bar confirmation,» Nazim Uddin Chowdhury, President of Chittagong Bar Association, told over the phone.
13.12 / 01:51
markets
Digital
Software
War
country
rights
Syria govt pledges 'rule of law' after Assad's overthrow
Syria's interim government vowed on Thursday to institute the «rule of law» after years of abuses under ousted president Bashar al-Assad, as the United States warned against any action that risked triggering further conflict. Assad fled Syria after a lightning offensive spearheaded by the Islamist Hayat Tahrir al-Sham (HTS) group and its allies, which brought a sudden end to five decades of repressive rule by his clan. Syrians across the country and around the world erupted in celebration after enduring an era during which suspected dissidents were jailed or killed, and nearly 14 years of war that killed more than 500,000 people and displaced millions.
12.12 / 20:59
markets
UPS
Digital
Strategy
Software
Fallout
SpaceX
Jimmy Kimmel says, Donald Trump and Elon Musk's friendship may soon blow up like a SpaceX rocket
Jimmy Kimmel humorously speculated on the potential fallout between US President- elect Donald Trump and renowned tech billionaire Elon Musk specifically if Elon Musk ends up winning the Time magazine's 2024 ‘Person of the Year’ over Donald Trump, reported Huffpost. According to Huffpost, Jimmy Kimmel actually quipped that such an outcome would lead to their relationship ending dramatically while likening it to a SpaceX rocket explosion. Also Read: Who is Matthieu Blazy? Here’s what you need to know about him
12.12 / 20:59
12.12 / 20:59
markets
UPS
Digital
Software
Trade
Experts
PAM
India's growth story is more balanced than China's: BCG experts
India's growth story may not have been as sparkling as China's but it's more balanced, thanks to its more judicious investment-consumption mix, Boston Consulting Group's global chief economist Philipp Carlsson-Szlezak said. «When you look at it carefully, China's growth has been very unbalanced-very much focused on capital accumulation, neglecting consumption. And that is now catching up with China,» he told ET in an interview. «To me, from afar at least, it looks like India is on a more balanced path. I presume you can do a lot more capital investment-both public and private. But the fact that consumption is already a significant share of output, to me, it looks much more balanced,» he added. However, additional tariffs on Chinese goods, as pledged by US president-elect Donald Trump, may not necessarily divert massive investments by global corporations away from China, he reckoned.
12.12 / 20:59
markets
Digital
Strategy
Software
Experts
testing
bowling
Brisbane or Brisboon? India head to Gabba test troubled by Rohit Sharma form
After missing India's big win in the first test in Perth to be with his newborn son, opener Rohit dropped down the order at the Adelaide Oval where he managed just nine runs as the tourists crashed to a 10-wicket defeat inside three days. The resumption of Rohit's run of low scores provided more ammunition for his critics, who contend that the 37-year-old is now dead weight in the team.
12.12 / 20:59
markets
Digital
Software
Chanel
Schools
Who is Matthieu Blazy? Here’s what you need to know about him
Matthieu Blazy, the French-Belgian national, since 2021 has served as Bottega Veneta's creative director. In 2025, he will join the legendary French house. Chanel announced on Thursday, after months of intense speculation, that Matthieu Blazy has been appointed as its artistic director of the house's fashion activities. Blazy will oversee all haute couture, ready-to-wear, and accessory collections. The president of Chanel Fashion and Chanel SA, Bruno Pavlovsky, will receive his reports. In a joint statement, Chanel's global CEO Leena Nair and global executive chairman Alain Wertheimer referred to the designer as one of the most gifted designers of his generation. His talent and vision will strengthen the brand's energy and our position as a luxury leader.
12.12 / 20:59
12.12 / 19:15
markets
Digital
security
Strategy
Research
Experts
PAM
India's 6G technology ambitions run into funding challenges
Top industry executives have decried the government's modest ₹1,100 crore FY25 budgetary allocation, amounting to 0.03% of the GDP, for telecom-related R&D, including allocations towards the IndiaAI Mission and design-linked incentive scheme. They termed it an unrealistic and feeble attempt to aspire for leadership on the global 6G stage. More so, since the actual FY25 budgetary allocation to the Department of Telecommunications (DoT) for R&D is just Rs 400 crore.
12.12 / 18:51
markets
Digital
Strategy
Software
wellness
PAM
German Co, eyeing P75I contract, offers to make submarines in India
Thyssenkrupp Marine Systems (TKMS), which is bidding for a major contract to manufacture six new diesel electric submarines in India for a Navy order, said it is looking to expand its footprint and has pitched for the creation of a joint warship building hub, estimating that it can be up to 50% cheaper to make submarines and warships here. «Together with MDL (Mazagaon Dockyards Limited, which is the partner for the submarine contract), there could be a hub for technology, which will generate more orders. This is really an opportunity to go beyond the P75I (the submarine contract), which will generate, of course, more jobs,» TKMS CEO Oliver Burkhard said.
12.12 / 18:51
markets
Digital
Cooper
Progressive
Strategy
Software
PAM
India, UAE discuss Gaza, IMEEC and sudden turn of events in Syria
Visiting UAE foreign minister Sheikh Abdullah Bin Zayed Al Nahyan and external affairs minister S Jaishankar, among other issues, focused on the power vacuum and absence of institutional governance in Syria amid pro-Al Qaeda-ISIS transition government taking over power, it is learnt. The two sides are also understood to have discussed implications of the Syrian developments and ISIS-Al Qaeda gaining in strength in the region. The Gaza-Lebanon situation is also understood to have been discussed.
12.12 / 18:51
markets
Digital
Strategy
Software
Experts
PAM
country
MI signs ₹120-crore jersey deal with Lauritz Knudsen
While Lauritz Knudsen and Mumbai Indians have declined to comment on the financial details, the deal is estimated to be worth approximately ₹40 crore per year, totaling ₹120 crore over three years. This agreement surpasses the previous ₹30 crore-per-year deal that the franchise had with the fintech company Slice. Lauritz Knudsen, formerly known as L&T Switchgear and part of the Schneider Electric Group in India, aims to boost its visibility in the country through its association with the Mumbai Indians.
12.12 / 18:51
markets
Digital
CEO
Platform
social
stars
reports
Luigi Mangione on fire: CEO Brian Thompson’s alleged killer dubbed the hot assassin and boy of the month by fans
Luigi Mangione who is aged 26 has been reportedly charged with the murder of Brian Thompson who was the CEO of UnitedHealthcare and was shot outside a Manhattan hotel during the early parts of this month, reported Daily Star. According to Daily Star, Luigi Mangione was initially taken into custody on firearm charges after being recognized at a McDonald's and was later properly linked to the crime through forensic evidence which included a 3D-printed gun that matched shell casings found at the scene. The arrest of Luigi Mangione has eventually sparked an unusual social media phenomenon while many users expressed their huge admiration for him in spite of the serious allegations. Also Read: More bad news for emerging markets? Oppenheimer becomes Wall Street's biggest bull, says S&P 500 will climb to 7100 by end of 2025
12.12 / 18:51
markets
Digital
Strategy
Software
Justice
PAM
Courts
SC to Delhi, NCR states: Decide on blanket ban on firecrackers
Supreme Court on Thursday directed the Delhi government and NCR states to take a final call on banning firecrackers throughout the year. A bench comprising justices Abhay Oka and Augustine George Masih directed the states to take a final call in this regard and communicate the same to the top court. The ban is required to curb not only air pollution but also noise pollution, the bench said.
12.12 / 18:51
markets
Digital
Strategy
Software
Instagram
love
actress
Selena Gomez is a soon-to-be bride; star confirms her engagement to Benny Blanco; here's when they are going to walk down the aisle
Selena Gomez unveils Benny Blanco's engagement ring and she will soon get married. The celebrity recently announced her engagement to Benny Blanco. The actress from Only Murders in the Building posted a picture of what looks to be a diamond engagement ring on Instagram on Wednesday night. «Forever begins now,» she wrote as the caption for the set of pictures, which featured her holding music producer boyfriend Blanco and another of her lounging on a picnic blanket. «Hey wait… that's my wife,» Blanco, with whom Gomez had disclosed her relationship after months of rumours back in December 2023, also commented on the post.
12.12 / 18:17
markets
Digital
economy
Experts
PAM
country
innovations
India's structural reforms need acceleration: World Bank's chief economist Indermit Gill
He observed that the share of middle-income countries in global GDP has grown, but their productivity and efficiency remain significantly below those of high-income economies. He added that India is better positioned than many of its peers to navigate the current global challenges. «Time is of essence for India to accelerate its structural reforms and the changes needed are not happening quickly enough,» he said, asking policymakers to capitalise on economy's strengths while addressing inefficiencies and fostering institutional resilience.
12.12 / 17:55
markets
Digital
security
Software
Experts
PAM
country
Private sector will continue to deploy capital, boost investments: CEA Nageswaran
He reiterated that real economic growth this fiscal year will remain in the 6.5-7% range, as projected in the Economic Survey, despite the deceleration in the September quarter to 5.4%. The CEA was speaking at CII's Global Economic Policy Forum. Nageswaran said while the increase in the capital formation ratio since the pandemic is largely driven by the public sector, the private sector, too, has started to invest — something that will be more discernible in the coming years.
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