Digital Financial News

04.12 / 09:11
markets Digital Strategy Election Experts PAM No 'surge' in last hour of polling in Maharashtra: Top election official
S Chockalingam has said the seven per cent increase in voter turnout in the last hour of polling for the state assembly elections was not a surge, as claimed by the opposition, but an «average» process. In a video statement on Monday, Chockaligam said Maharashtra is a large state with more than one lakh polling booths. «If 76 lakh voters turn up in the last hour of polling, it is only (an average of) 76 voters in each of the polling centres,» he added. The assembly elections in Maharashtra and Jharkhand were held last month.
04.12 / 09:11
markets Digital security Strategy Software awards Lattice Suzlon Group secures repeat order of 302 MW wind project from Jindal Renewables
Suzlon Group on Wednesday said the company has secured an additional wind project of 302.4 megawatt from Jindal Renewables in Karnataka. In October, Suzlon had announced securing a 400-megawatt (MW) wind power deal from Jindal Renewables Power. «Suzlon and JSP Green Wind 1, a subsidiary of Jindal Renewables, have expanded their partnership with an additional 302.4 MW wind power project in the Koppal region of Karnataka,» the group said in a statement. The second order brings the total capacity from Jindal Renewables to 702.4 MW, making it Suzlon's largest-ever commercial and industrial (C&I) order from a single customer.
04.12 / 09:11
markets Target Digital Action Strategy Software country About Rs 15 lakh cr required for adding power generation capacity in 2022-27
The projections were made during a Meeting of the Parliamentary Consultative Committee of Members of Parliament for Ministry of Power here last evening. Union Power Minister Manohar Lal chaired the meeting. As per 20th Electric Power Survey (EPS) report published by the Central Electricity Authority (CEA), the peak demand and energy requirement is pegged at around 366 GW and 2474 BU by 2031-32, it stated.
04.12 / 09:01
markets Citi Digital Strategy Bill Experts PAM SBI credit card rule change: These SBI credit card customers will not get reward points on digital gaming platforms
SBI Card has discontinued the accrual of reward points on digital gaming platforms/merchants transactions for certain credit cards from December 1, 2024 onwards. According to the SBI Card website, “W.e.f. 1 Dec 2024, accrual of Reward Points on spends done on Digital Gaming Platforms/Merchants will be discontinued for certain credit cards.” Here is list of SBI credit cards where reward points will not be applicable on digital gaming platforms/merchants: AURUM • SBI Card ELITE
04.12 / 09:01
markets Digital Man Strategy Experts PAM Courts Supari gone wrong as hitman kills realtor who wanted business partner dead
Manjesh Kumar, a 42-year-old property dealer, had hired a hitman to eliminate his business partner, but the hitman double-crossed him, ultimately killing Manjesh instead. The drama began when Arjun Kumar, a former Army man and the hitman hired by Manjesh, decided to betray him. Arjun informed Sanjay Singh, Manjesh’s business partner, about the plan. Seizing the opportunity, Sanjay, 42, offered Arjun a hefty Rs 10 crore to turn the tables and eliminate Manjesh instead. Police investigations revealed that Manjesh was found dead in a rented house in Patel Nagar, Dehradun, which belonged to one of the accused’s accomplices. The cause of death was strangulation, with shoe laces being used as the murder weapon.
04.12 / 07:27
markets Digital Strategy Experts PAM stage Courts Delhi excise policy case: Delhi HC asks Arvind Kejriwal, K Kavitha to respond to ED's plea
Arvind Kejriwal, and BRS leader K Kavitha on the ED's plea challenging a trial court's order directing it to supply «unrelied documents» to those accused in the alleged money laundering case related to the excise policy. Justice Manoj Kumar Ohri issued notices to all the 40 accused on the Enforcement Directorate's (ED) petition as well as its application for stay in the case. The high court listed the matter for further hearing on January 30 next year. Besides former Delhi chief minister Kejriwal, AAP leaders Manish Sisodia and Sanjay Singh and several businessmen are among the accused in the case.
04.12 / 07:27
markets Digital Software awards Experts reports Airtel gives 4G, 5G equipment supply deals to Ericsson
Bharti Airtel, India’s second largest telco, has awarded a multi-billion deal to Swedish telecom gear maker Ericsson for extension of 4G and 5G contracts. “As per the new contract, Ericsson will deploy centralized RAN and Open RAN-ready solutions for network transformation which will help customers with wider coverage and enhanced capacity on the network. Ericsson will also undertake the software upgradation of its current deployed 4G radios thereby enhancing the customer experience,” the companies said in a joint statement Wednesday. ET had reported last month that the telco had likely finalised renewals worth $1.2 billion (about Rs 10,000 crore) with Ericsson, Nokia and Samsung and placed purchase orders for new 4G and 5G equipment.
04.12 / 07:01
markets Digital rights peace International India votes in favour of UNGA resolution on Palestine calling for end to Israeli occupation
The draft resolution 'Peaceful settlement of the question of Palestine' tabled by Senegal was overwhelmingly adopted in the 193-member General Assembly on Tuesday. India was among the 157 nations that voted in favour, while eight Member States — Argentina, Hungary, Israel, Micronesia, Nauru, Palau, Papua New Guinea and the United States voted against it.
04.12 / 06:33
markets Digital Experts Justice PAM Courts Investigations Hero Electric moves Delhi High Court over FAME-II subsidy fraud probe
Hero Electric on Wednesday moved the Delhi High Court challenging the Ministry of Corporate Affairs' order for a Serious Fraud Investigation Office (SFIO) probe into allegations of fraudulent availing of subsidies under the FAME-II scheme. The Ministry of Heavy Industries previously directed Hero Electric to refund Rs 130 crore in subsidies, claiming the company violated the conditions of the scheme. During the hearing on Wednesday, Justice CD Singh instructed Hero Electric to engage with ministry officials to resolve the issue amicably. In the interim, the court directed the government not to proceed with any action against the company until it submits a report on the resolution efforts.
04.12 / 06:33
markets Digital Experts PAM actress Relationships Who is Aliya Fakhri, Nargis Fakhri’s sister, arrested for allegedly killing her ex-boyfriend in New York?
Aliya Fakhri, actress Nargis Fakhri's sister, was arrested in New York on charges of murdering her ex-boyfriend and his female friend. The incident took place on November 26, and according to Daily News, District Attorney Melinda Katz said, “This defendant maliciously ended the lives of two people by setting a fire that trapped a man and woman in a raging inferno. The victims tragically died from smoke inhalation and thermal injuries.” Aliya has been denied bail as of now.
04.12 / 06:33
markets Digital security Banner Experts PAM INDIA bloc MPs hold protest in Parliament complex over Adani issue, demand JPC probe
INDIA bloc parties protested on the Parliament premises on Wednesday over the Adani indictment issue and called for a joint parliamentary probe into the matter. MPs of the Congress, AAP, RJD, Shiv Sena (UBT), DMK and the Left parties, among others, raised slogans in favour of their demand and held a banner reading «Modi-Adani are one» at Parliament's Makar Dwar. The TMC kept away from the opposition protest. Leader of Opposition in the Lok Sabha Rahul Gandhi was not part of the protest. He left for the violence-hit Sambhal district in Uttar Pradesh along with a Congress delegation in the morning. The Lok Sabha Secretariat on Tuesday issued an advisory urging the MPs not to hold protests in front of Parliament gates, saying that such obstruction of movement could affect their safety and security.
04.12 / 05:27
markets Digital Align Experts performer recommendations International Year-ender 2024: 5 international funds offer negative returns this year
mutual funds have offered negative returns in 2024. Further analysis of these equity schemes showed that those who lost the most were from the international category. HSBC Brazil Fund lost the most of around 23.78% in 2024, followed by Mahindra Manulife Asia Pacific REITs FOF which lost 7.28% in the mentioned period.
04.12 / 05:27
markets Digital Cooper Strategy Trade Experts International India & Oman push defence & maritime partnership
Oman have pushed its partnership in defence, energy, maritime and investment sectors at a high meeting meeting held in New Delhi. The 13th round of the India-Oman Strategic Consultative Group (IOSCG) meeting was held on Tuesday. The meeting was co-chaired by Arun Kumar Chatterjee, Secretary (CPV & OIA), Ministry of External Affairs, and Sheikh Khalifa Alharthy, Undersecretary for Political Affairs, Ministry of Foreign Affairs, Sultanate of Oman. Space is another sector where Oman is interested to collaborate with India. During the meeting, both sides reviewed the entire gamut of bilateral relations, including political and strategic cooperation, trade and investment, energy, maritime and defence partnership, digital collaboration, cultural exchange, and people-to-people ties.
04.12 / 05:27
markets Digital security Strategy Cybercrime Experts reports At least 20% cybercrimes involve dark web usage by attackers: report
«At least 20% of cybercrimes in India involve the usage of the dark web by online attackers,» the study conducted by Lisianthus Tech said. The attackers used the dark web for cybercrimes like data breaches, hacking, phishing, ransomware, identity theft, sale and purchase of banned products like narcotics and weapons.
04.12 / 05:27
markets Digital Strategy economy Experts show International India's services sector saw strong growth in November, PMI shows
The HSBC final India Services Purchasing Managers' Index, compiled by S&P Global, stayed almost unchanged at 58.4 in November from 58.5 in October, but was lower than a preliminary estimate of 59.2. A sub-index measuring new business — a gauge of demand — fell from October but showed no concerning signs of weakness. It was supported by international demand that rose at its fastest pace since August.
04.12 / 04:59
markets Digital Experts PAM show Courts Delhi's air quality recorded 'poor' for 3rd consecutive day, visibility improves
As per by the Central Pollution Control Board, the AQI was measured as '211' at 8 am. Drone visuals showed a thin layer of smog engulfing the areas of Bikaji Cama, Moti Bagh and AIIMS.
04.12 / 04:59
markets Reuters Digital Manufacturing CEO Marvell reports Intel approaches candidates for CEO role, including former board member Lip-Bu Tan, sources say
Tan, a well-respected semiconductor industry veteran who has long been seen as a contender for CEO at Intel, has been approached by Intel's board in recent days to gauge his interest in taking up the job, the sources said, requesting anonymity as the discussions are confidential. Intel's board is mostly evaluating outsider candidates for the role and has also approached Marvell Technology CEO Matt Murphy, two of the sources said.
04.12 / 04:59
markets Digital security Sustainability Trade country inclusion Sustainability, inclusivity playing important role in global trade discussions: Official
sustainability, inclusivity and security are now playing an important role in global trade discussions and they would dictate the future talks, a senior official said on Tuesday. Additional Secretary in the Department of Commerce L Satya Srinivas also emphasised on the importance of adopting a holistic perspective on the commercial significance of free trade agreements (FTAs) for the country. «On the plate of trade, there are vast new dimensions getting added...How do we deal with those new dimensions...These new regulations and new focus areas of present will dictate our trajectory towards the future,» he said at CII's Partnership Summit here. Earlier in trade discussions, the main issues which used to figure included reduction or removal of customs duties and non-tariff barriers.
04.12 / 04:59
markets Digital security trends Experts PAM JioHotstar domain finally with Ambani's Viacom 18
jiohotstar.com, a domain of now merged groups Reliance Jio and Disney Hotstar, is finally with Viacom18 Media Pvt. Ltd., ending claims of ownership by a Delhi man and Dubai siblings. Sources from Viacom 18 confirmed the same to ET Online on Wednesday. WHOIS data, too, showed that the domain is owned by Mukesh Ambani-owned Viacom 18, registered on September 20, 2023, and is valid until September 20, 2026, with the last update recorded on December 2, 2024.
04.12 / 04:25
markets Digital Strategy Software Experts PAM Schools Salesforce's third-quarter revenue beats on strong cloud demand
Client spending on Salesforce's software products and data cloud has remained healthy as companies seek to streamline and enhance their corporate workflows and process large quantities of data while integrating artificial intelligence. The company's revenue for the third quarter rose 8% to $9.44 billion, beating the average analyst estimate of $9.35 billion, according to data compiled by LSEG.
04.12 / 04:25
markets Reuters Digital Experts reports Courts International Pernod Ricard internal probe reveals top bosses in India violated law in deals with Delhi retailers
Pernod Ricard concluded that top executives at its India business violated the law by colluding with alcohol retailers in New Delhi, according to a document seen by Reuters, even as the French giant's representatives denied wrongdoing in court and publicly. PRI told Reuters in January and February 2023 that it «strongly» denies the Enforcement Directorate allegations, calling them «factually incorrect.» As recently as Sept. 4, lawyers for Benoy Babu, a PRI executive named in Shardul Amarchand Mangaldas's report, asked the Delhi High Court to quash the case against him. They said allegations against Babu, who was briefly jailed pending trial last year, were «false and baseless», and authorities were relying on «hearsay evidence». The court has yet to rule on Babu's non-public filing, which was seen by Reuters. He didn't respond to questions from the news agency.

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