Digital Financial News

04.12 / 16:03
markets COST Digital Strategy Software awards Schools Assam’s council of minister expansion to take place on December 7
Assam Chief Minister Himanta Biswa Sarma announced that a Cabinet expansion would take place on December 7 next. Assam cabinet meeting on Wednesday approved the unveiling of projects worth Rs One lakh crore project Another decision taken by the Cabinet is to convert the four-lane stretch of road leading to Lokapriya Gopinath Bordoloi International Airport to a six-lane one. An additional amount for Rs.116 crore for the six-lane road has been allocated from the state budget. The estimated cost for the project will be Rs.474 crore. The Cabinet decided to institute a separate literary award after noted litterateur Dr Homen Borgohain for those who are getting government pension. A one-time assistance for Rs.50,000 will be given to those who are already receiving any other pension. It was decided that the monthly literary pension will be given to individuals except government employees.
04.12 / 15:41
markets Digital Man security reports Courts mountaineering Manipur HC forms committee to probe disappearance of Meitei man
Manipur High Court has constituted a committee to conduct a probe in connection with the disappearance of the Meitei man, Laishram Kamal Babu who has been missing since November 25. A two-judge bench of the Manipur High Court, comprising Justices D Krishnakumar and Golmei Gaiphulshillu heard the petition filed by brother of Kamal Babu on Tuesday. The first hearing took place on November 27 where the Court issued notices to all the parties. With respondents failing to reply,the Manipur High Court constituted a committee consisting of the Kangpokpi's District Magistrate (DM) and Superintendent of Police (SP), SP of Imphal West and the Chief Security Officer (CSO) of the Army's 57 Mountain Division, who would be Colonel rank officers.
04.12 / 15:41
Digital Aware Election WhatsApp community film information Several measures undertaken to address 'Sarpanch Pati' practice: Government
Union Ministry of Panchayati Raj is undertaking several measures, including the use of community radio, to spread awareness against the "Sarpanch Pati" system, the government informed the Rajya Sabha on Wednesday. The «Sarpanch Pati» system is a practice in which the husband of an elected woman sarpanch wields the actual power. In a written reply to a question in the Rajya Sabha, Union Minister of State for Panchayati Raj SP Singh Baghel said various modes of information, education and communication activities, media engagement, conferences, seminars, training programmes, screening of public service awareness films, broadcasting of programmes through community radio were being done to spread awareness on issues such as the «Sarpanch Pati» system.
04.12 / 15:41
markets Digital Gemini love Mercury folk reports What does December 2024 have in store for you? Here's what astrologers are saying for various zodiac signs
zodiac signs and the fate they have in store for people in the month of December. It looks like, for many, the last month of the year could bring in some immense amount of luck and fortune, but some need to be mindful about Mars and the Moon.
04.12 / 15:41
markets Digital CEO UnitedHealth shooting reports Investigations Who was Brian Thompson? UnitedHealthcare CEO shot dead in New York city
Brian Thompson, the 50-year-old CEO of UnitedHealthcare, was shot dead outside the New York Hilton Midtown hotel on Wednesday morning, according to police reports, as told to the NY Post. The shooting took place at around 6:46 a.m. as Thompson was arriving early for an investor conference hosted by UnitedHealth Group, the parent company of UnitedHealthcare.
04.12 / 15:41
markets Digital Fox Career Strategy Experts International Doc: New Fox medical drama’s release date, time, plot, cast and production team
Molly Parker as a doctor navigating life and work after a significant brain injury.
04.12 / 15:41
markets Provident Digital CEO NVIDIA AMD performer Akash Systems signs $27 million deal with NxtGen for diamond cooled AI servers
Akash Systems, backed by global investors Peter Thiel and Vinod Khosla on Wednesday said it signed a $27 million (approximately Rs 225 crore) contract with India’s largest sovereign cloud provider NxtGen Datacenter and Cloud Technologies, to deliver its ‘diamond cooled’ AI servers across India. “The collaboration will position NxtGen as the world’s most energy-efficient AI compute solutions provider by using Nvidia and AMD GPUs (graphic processing units) that are ‘diamond cooled’ by Akash. The new servers will support NxtGen’s mission to provide energy-efficient and cost-effective AI compute services to enterprises of all sizes across India,” both the companies said in a joint statement. “We are collaborating with Akash to set an industry benchmark for sustainable AI. Through a combination of Akash’s diamond cooling, waterless liquid cooling, and advanced GPUs from NVIDIA and AMD, we are able to double the performance per watt,” said AS Rajgopal, CEO & MD of NxtGen.
04.12 / 13:59
Digital Charity community Actor audience donates Videos How an Irish YouTuber turned a niche following into millions for charities with holiday livestreams
An Irish YouTuber hopes to raise millions of dollars for charity this holiday season — and is using a popular gaming technology to rally his fans around the cause
04.12 / 13:57
markets Provident Digital Man Platform Strategy PAM Nuclear-powered ballistic missile submarines provide India's third leg of nuclear triad: Navy Chief
nuclear-powered ballistic missile submarines (SSBNs) provide the third leg of the nuclear triad. He added that the next SSBN will be commissioned in the «coming months». «As far as the nuclear weapons are concerned, our stated policy is of no first use. And therefore the government had decided about the nuclear triad. The SSBNs provide that option for the third leg of the nuclear triad, which some people feel is the most reliable because it remains underwater and therefore not likely to be detected easily,» Tripathi told on the occasion of Indian Navy Day. «We have obviously commissioned the second ship in August, and it is carrying out various trials, and then we'll do whatever she's supposed to do. And similarly, next one, in the coming months and years, it will be a part of our navy and provide the nation with an alternative for deterrence as also the second strike capability as part of a nuclear triad,» he added.
04.12 / 13:57
markets Digital Strategy Election Experts PAM 'Dada has experience...': Eknath Shinde takes quick-witted jibe at Ajit Pawar after NCP chief's interjection
Shiv Sena chief Eknath Shinde on Wednesday took a sarcastic dig at Ajit Pawar after the NCP Chief interjected immediately over a question directed towards Shinde. In a press conference, when asked about his decision on accepting Mahayuti's invitation for him to take on the role of Deputy CM to Maharashtra, alongside Pawar, Shinde said that the media should wait for an answer till the evening. However, Pawar was quick to interrupt and say that his decision to take on the role of Deputy Chief Minister was final.
04.12 / 13:31
markets UPS Provident Digital Manufacturing Strategy Schools EPFO extends deadline to activate UAN for ELI scheme, check last date here
As per EPFO, “Dear Employers, the date of UAN activation and Aadhaar seeding of Bank Account has been extended till 15th December. Ensure to do the same for all employees who have joined in the current financial year, starting with the latest joinees, to avail the benefit of the Employment Linked Incentive scheme.”
04.12 / 13:31
markets Reuters Digital Strategy Experts PAM reports Gold price today: Check gold rates forecast, factors to watch out
Gold prices were steady on Wednesday as safe-haven demand countered a slight recovery in the U.S. dollar while markets await U.S. jobs data and comments from Federal Reserve Chair Jerome Powell for clues on the U.S. central bank's policy outlook, as per a Reuters report. Spot gold was steady at $2,644.48 an ounce by 1100 (GMT). U.S. gold futures were down 0.1 per cent at $2,666.30, Reuters reported. The dollar index reflected strength that makes dollar-priced bullion costlier for buyers with other currencies.
04.12 / 13:31
markets Citi Digital Strategy Software Death Schools Who is Truong My Lan, the Vietnamese real estate tycoon behind one of the world's biggest banking scam
Truong My Lan was already convicted in April by the same Ho Chi Minh City court of fraud amounting to UDS 12.5 billion — nearly 3 per cent of the country's gross domestic product — in a separate case and sentenced to death by lethal injection. Lan was convicted in April 2024 for embezzlement, bribery, and violating banking regulations. The scheme, which involved shell companies and fake loan applications, siphoned an estimated $12.5 billion from Saigon Commercial Bank (SCB) between 2012 and 2022.
04.12 / 13:31
markets Provident Digital Software Food Experts Is India’s food inflation being measured correctly? EAC-PM member Nilesh Shah weighs in
Nilesh Shah, managing director and CEO of Kotak Mutual Fund, shared his views on the complexities surrounding food inflation and its role in economic policy during a recent event. Shah, also a part-time member of the Economic Advisory Council to the Prime Minister, questioned the way food inflation is being calculated and included in policymaking. Shah raised concerns about whether the free food distributed to over 80 crore Indians under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) is accounted for when measuring food inflation. The program, which provides free or subsidised food grains to a vast segment of the population, could impact the headline food inflation number, Shah suggested. «My only submission will be are we measuring food inflation correctly? For example, 80 crore Indians are provided free food. That cost is more than our fiscal deficit. Is the credit taken in food inflation?» said Shah while speaking at a Kotak MF event.
04.12 / 13:31
markets Digital Strategy Software awards Experts Muthoot Microfin reduces interest rates on two types of loans
Muthoot Microfin has reduced interest rates by 25 basis points for microfinance loans given for income generating activities and by 125 basis points for loans to buy third party products. Accordingly, the minimum interest rate for income generating loans is pegged at 23.05%. The rate can go up to 23.7%, based on borrowers' risk profile. This is the third rate reduction by Kerala-based Muthoot Microfin, a part of the Muthoot Pappachan group.
04.12 / 13:31
markets Digital Strategy economy Experts reports BofA paints robust picture for American economy, says US is more likely to export recessions than import them
Bank of America is betting heavily on behalf of the American economy as it has claimed that the US economy is poised for solid growth in the coming year, with chances that the annualized rate of economic growth could surge to 2.4% in 2025, instead of the usual 2% every other year, according to a Bloomberg report. The US economy-related predictions from Bank of America comes in even after there are growing concerns about Donald Trump's economic policies which are reportedly inflationary in nature. The various campaign promises about illegal immigration, imposing tariffs on foreign imports, along with tax cuts for corporations, could all pile up and generate a condition for an epic inflation in the American markets in 2025, according to many market experts. Also Read: This property in the US is the most expensive; here is its whopping cost, is it worth that much? Finding a buyer may be difficult
04.12 / 12:47
markets Digital Strategy Justice Inside Courts Investigations 'On the face of it you are a corrupt person': SC to West Bengal ex-minister Partha Chatterjee
Supreme Court on Wednesday told former West Bengal minister Partha Chatterjee, held in an alleged cash-for-job scam in the state. A bench of Justices Surya Kant and Ujjal Bhuyan, which reserved its verdict on the bail plea of Chatterjee, questioned the enforcement directorate (ED) over his continued incarceration saying he cannot be kept inside for an indefinite period. «On the face of it you are a corrupt person. Crores of Rupees were recovered from your premises. What message do you want us to send to society? That corrupt person can get bail like this?» the bench told senior advocate Mukul Rohatgi, appearing for Chatterjee. Rohatgi said except for his client all other co-accused persons were granted bail in the case, the latest being a week ago.
04.12 / 12:47
markets Digital Strategy Software Sustainability community reports 80% of companies unprepared for possible climate disasters: ACCA report
climate risk assessments are critical for business organisations and the finance function, including the CFOs and finance teams, are key to this transformation, says a report by the Association of Chartered Certified Accountants. As business leaders have to be adequately equipped to deal with disruptions due to climate-related events, the report also has tool kits for finance teams to build resilience skills in areas of scenario testing, crisis management planning and business continuity plans. Key insights
04.12 / 11:17
markets Digital Fox CEO Research track Discrimination ADL study finds Jewish jobseekers face significant discrimination in US labor market ahead of new Trump admin
Anti-Defamation League (ADL) CEO Jonathan Greenblatt says a new study found Jewish American job candidates needed to send 24.2% more applications to receive the same number of positive first responses from employers.
04.12 / 09:11
markets Provident Digital Strategy Software awards Department Indian govt denies Elon Musk-owned Starlink connection in satellite spectrum allocation
Elon Musk’s Starlink in India. “No Sir. The Telecommunications Act, 2023 provides for assignment of spectrum through administrative process for satellite-based services, listed in First Schedule of the Act,” Minister of state for communications and rural development Pemmasani Chandra Sekhar said in reply to a question if the decision was made to facilitate entry of Starlink into the Indian market. To a query around projected revenue loss as a result of not auctioning satellite spectrum, the Minister said spectrum assigned administratively are also chargeable and hence contribute to revenue.
04.12 / 09:11
markets Digital Strategy Software President social reports Canada called 'broken sh**hole' after Trump suggests Trudeau to make it 51st state amid tariff threat
Trump reportedly suggested to the Canadian PM that if a tariff for failing to address trade and immigration issues would kill the neighbor to the north’s economy, maybe it should become the 51st state, according to Fox News sources. Trudeau and other officials nervously laughed at Trump's joke. Trump was joking when he suggested Canada become the 51st U.S. state during a dinner with Justin Trudeau, a Canadian minister who attended their recent dinner said Tuesday.

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