Digital Financial News
08.12 / 02:25
markets
Digital
security
Experts
PAM
reports
Advanced AI chips cleared for export to UAE under Microsoft deal
AI firm G42, Axios reported on Saturday, citing two people familiar with the deal. Microsoft invested $1.5 billion in G42 earlier this year, giving the U.S. company a minority stake and a board seat. As part of the deal, G42 would use Microsoft's cloud services to run its AI applications. The deal, however, was scrutinized after US lawmakers raised concerns G42 could transfer powerful US AI technology to China. They asked for a US assessment of G42's ties to the Chinese Communist Party, military and government before the Microsoft deal advances.
08.12 / 02:25
markets
Digital
Software
President
Experts
Schools
Notre Dame re-opens five years after devastating fire in 2019
Wearing new designer vestments and carrying a staff cut from one of the roof beams that survived the inferno, Laurent Ulrich joined hundreds of VIPs inside the Gothic masterpiece for a two-hour ceremony. Ulrich commanded the cathedral to «open your doors» and he entered the magnificently-restored edifice.
08.12 / 00:31
markets
Digital
Strategy
Software
Experts
PAM
reports
New insolvency framework to be creditor-led: IBBI chairman Ravi Mital
Insolvency and Bankruptcy Board of India (IBBI) chairman Ravi Mital on Saturday said a creditor-led resolution framework under the bankruptcy law is in the offing. The move aims to lower the workload of the adjudicating authority by enabling the committee of creditors (CoC) to take on greater responsibility and expedite the rescue of stressed firms, he said. «We would be happy if less work goes before the NCLT (National Company Law Tribunal),» Mital said, conceding that the adjudicating authority is now over-burdened. He also rooted for a formal group insolvency framework. Mital was speaking at an international conclave, organised by IBBI and INSOL India.
07.12 / 21:17
markets
Digital
Strategy
wellness
trends
Experts
Schools
Diddy becomes butt of all jokes: 8-year old kids in New York crack Diddy-themed pranks; parents want the disgraced rapper's name to be banned in school
Sean Diddy Combs is one of the biggest names in the United States now, but not for the right and moral reasons. He has ended up being the topic of jokes for different generations now, and even school-going children are now taking his name in their new kind of funny content, something that is not sitting well with their parents, as they want their children to be protected from further details into who and what Sean Diddy Combs is.
07.12 / 21:17
markets
Digital
Williams
wellness
Experts
International
Sunita Williams and Barry Wilmore have reached a milestone in space; here's all you need to know about it.
space, having almost finished a full orbit of the sun. The NASA astronauts have now officially spent six months in space, with just two more to go in their lengthy journey after becoming stranded in space back in June due to a malfunction with their Starliner craft, as quoted in a report by E! News. After leaving Earth this summer, the colleagues had planned their June mission to last only eight days, but they are now stuck at the International Space Station (ISS) due to a propulsion-related leak in their Boeing aircraft.
07.12 / 21:17
07.12 / 21:17
07.12 / 21:17
07.12 / 21:17
markets
Hollywood
Digital
Software
community
PAM
reports
Why is Meghan Markle facing criticism from her Montecito neighbors?
Mineards, a well-known resident of the upscale California community, expressed disappointment in Markle’s perceived detachment from local affairs. “She doesn’t really go out or get involved with the community,” Mineards remarked, contrasting her with her husband, Prince Harry, whom he described as “quite jolly” but also rarely seen in the neighborhood, as quoted in the Pinkvilla report.
07.12 / 18:35
markets
Digital
Software
wellness
President
War
Relationships
Macron welcomes Trump in Paris with presidential pomp
Macron welcomed Donald Trump to Paris on Saturday with a full a dose of presidential pomp as the two men resumed the relationship they established during Trump's first term after a four-year hiatus. Trump, the once and future American president, said the two would be discussing a world that's gone «a little crazy» as they met one on one before a celebration of the reopening of Notre Dame Cathedral five years after a devastating fire. Trump's visit to France comes as Macron and other European leaders are trying to win Trump's favour and persuade him to maintain support for Ukraine in its defence against Russia's invasion. Macron's office said that would be discussed as well as the wars in the Middle East.
07.12 / 18:35
markets
UPS
Digital
Strategy
Software
reports
International
The Scent Lingers: Online perfume sales in India flourish, rising 25-30% in the last year
Online sales have surged 25-30% in the past one year, said Manish Gupta, chief executive of Titan's Fragrances and Fashion Accessories Division, triggering a sudden spike in a market that he estimates is now worth ₹4,500 crore. «The hockey-stick curve is starting now in the perfume category,» Gupta said, highlighting the rapid market evolution from basic deodorants to sophisticated fragrances.
07.12 / 18:35
markets
Digital
Platform
Strategy
Software
WhatsApp
prevention
Meta asked to curb WhatsApp related scams
ministry of electronics and IT (MeitY) has asked Meta to prevent WhatsApp-originated pesky messages and calls, many of which lead to financial frauds. «We have taken it (scams issue) up with Meta. This is a continuous process. They (scamsters) will keep discovering newer ways, making people worry,» MeitY secretary S Krishnan told ET. Lately, there has been a rampant misuse of WhatsApp, a popular instant messaging (IM) and voice-over-IP (VoIP) service provider, by scamsters for sharing dubious content, which led to users being conned. The telecom regulator had sought MeitY's intervention to check financial frauds perpetrated through OTT platforms, since such apps are regulators under the IT Act and don't fall under the Telecom Regulatory Authority of India (Trai).
07.12 / 16:17
markets
Digital
Software
Instagram
rapper
reports
Videos
Is Cardi B struggling financially? Singer shuts down speculations, says she spends $3 million a month
Cardi B shuts down speculation and says she spends $3 million per month. Cardi B wants her haters to know that she truly has it that way. In collaboration with SHEIN, the rapper posted a video to her Instagram on Tuesday. The Grammy Award winner's collaboration with the fast fashion brand exposed her to criticism from her haters, despite her preference for luxury brands. Cardi, who hasn't put out a full studio album since Invasion of Privacy in 2016, was accused by some of being too poor to turn down opportunities, as quoted in a report by Complex.
07.12 / 16:17
markets
COST
Digital
Software
Experts
country
Schools
Check out EAM Jaishankar's witty reply on whether US is attracting India into its sphere
During his panel discussion at the Doha Forum in Qatar, the Foreign Minister was asked this question, to which he responded, saying, «We've been trying to attract them into the Indian sphere.» Jaishankar was adressing the 22nd edition of the Doha Forum panel on 'Conflict Resolution in a New Era' where Qatar Foreign Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al Thand Norway Foreign Minister, Espen Barth Eide were also present.
07.12 / 16:17
markets
Citi
Digital
Software
Experts
Pride
country
'Matter of immense pride for India': PMO on Archbishop Koovakad being elevated as cardinal
Archbishop George Koovakad of India will be created as a cardinal by Pope Francis, the Prime Minister's Office said on Saturday, asserting that it is a matter of immense pride for the country. The government of India has sent a delegation led by Union minister George Kurian to witness this ceremony in Vatican City. «It is a matter of immense pride for India that Archbishop George Koovakad will be created as a Cardinal by His Holiness Pope Francis,» the PMO said in a post on X.
07.12 / 14:29
markets
Digital
Citizens
Platform
Software
Interface
country
'India's success with UPI offers replicable model for other nations'
The paper, which runs into 67 pages, titled 'Open Banking and Digital Payments: Implications for Credit Access' was authored by Shashwat Alok, Pulak Ghosh, Nirupama Kulkarni and Manju Puri. Among key highlights of the paper are that UPI has enabled underserved groups, including subprime and new-to-credit borrowers, to access formal credit for the first time.
07.12 / 10:35
markets
FIVE
Digital
Strategy
Enterprise
Schools
International
SBI and HUDCO among 5 PSU stocks Quant Small Cap Fund bought in November
Quant Small Cap Fund, the largest fund managed by Quant Mutual Fund, added 10 stocks to its portfolio in November. Of these 10, five were PSU stocks including SBI, HUDCO, Mazagon Dock Shipbuilders, MOIL, and ONGC. Apart from these five PSU stocks, the smallcap fund added Cochin Shipyard, Welspun Corp, Welspun Enterprise, Om Infra, and Punjab Alkalies and Chemicals. Also Read | Explainer: What are different types of SIPs available for mutual fund investors and who should use them
07.12 / 10:35
markets
Digital
Fighting
Strategy
Software
Netflix
Schools
Mike Tyson sued for $1.6 million over alleged deal break ahead of Jake Paul fight. Details inside
The lawsuit, filed in October, states Mike Tyson Tyson terminated the deal in March – the same day his fight with Paul was announced – because Medier breached their agreement. ALSO READ: Milaf Cola: Saudi Arabia launches world’s first date-based soft drink. Is it a threat to Coca Cola and Pepsi?
07.12 / 07:07
markets
UPS
Digital
Experts
PAM
reports
Super Micro Computer gets extension to file delayed annual report
Super Micro Computer said on Friday it has received an extension from the Nasdaq till Feb. 25 to file its delayed annual and quarterly reports, sending the AI server maker's shares up 5% in extended trading. Last month, Super Micro named BDO USA as its auditor and submitted a compliance plan to the stock exchange to file its annual and quarterly reports, after its listing came under threat when it failed to file its annual report in August. The company in August cited a need to assess «its internal controls over financial reporting» for the delay, a day after Hindenburg Research disclosed a short position.
07.12 / 07:07
markets
Digital
Experts
Justice
PAM
Courts
SC to hear petitions on Dec 12 challenging provisions of Places of Worship Act
Supreme Court will hear on December 12 a batch of petitions challenging certain provisions of Places of Worship (Special Provision) Act, 1991, that prohibit the filing of a lawsuit to reclaim a place of worship or seek a change in its character from what prevailed on August 15, 1947. A special bench of Chief Justice of India Sanjiv Khanna and Justices PV Sanjay Kumar and KV Vishwanathan will hear the case at 3.30 pm. The Act prohibits conversion of any place of worship and to provide for the maintenance of the religious character of any place of worship as it existed on the August 15, 1947.
07.12 / 07:07
markets
Provident
Digital
Platform
Software
Experts
guidelines
73 complaints against vulgar ads on TV channels: Govt tells Parliament
grievance redress system. Murugan said the mechanism, established under the Cable Television Networks (Amendment) Rules, includes self-regulation by broadcasters, self-regulation by self-regulating bodies of the broadcasters, and an oversight mechanism of the central government. The minister said appropriate action is taken wherever violation of the Advertising Code is found by issuance of «Advisories, Warnings, 'Apology Scroll' Orders and Off-air orders.»
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