Digital Financial News
28.11 / 13:07
markets
Digital
Progressive
Experts
country
innovations
medicines
Dr Reddy's launches novel cancer therapy Toripalimab in India
immuno-oncology drug Toripalimab in India. Toripalimab is approved by various regulatory authorities around the world including USFDA, European Medicines Agency (EMA), Medicines and Healthcare products Regulatory Agency (MHRA), and others for the treatment of adults with recurrent or metastatic nasopharyngeal carcinoma (RM-NPC). Nasopharyngeal carcinoma is a rare, aggressive form of head and neck cancer that originates in the upper part of the throat.
28.11 / 13:07
28.11 / 13:07
markets
UPS
Digital
Google
Experts
Investigations
CCI orders probe against Google on Winzo’s complaint
Competition Commission of India (CCI) on Thursday ordered a probe against Google for an alleged breach of antitrust rules following a complaint by online gaming company Winzo. In an order, the regulator has asked its director general to wrap up the investigation and submit a consolidated report within 60 days. “On a holistic consideration of the facts and circumstances of the present case, the Commission is of the prima facie view that Google appears to be in violation of Sections 4(2)(a)(i), 4(2)(b), and 4(2)© of the (Competition) Act, as detailed in this order, which warrants detailed investigation,” the CCI said in the order.
28.11 / 13:07
markets
COST
UPS
Digital
awards
Experts
India plans local supply chains for bullet trains
“Work on the bullet train corridor in Maharashtra picked up pace after the National Democratic Alliance (NDA) government took charge. Entire land acquisition is complete and over 320-kilometres of the physical infrastructure work is ready,” the official said. Commenting on future bullet train corridors, he said experience from developing the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor will come handy. “India is now capable to single-handedly take up this project in more corridors. We should have our own trains in future corridors as well," he said.
28.11 / 12:15
markets
Digital
Manufacturing
Strategy
Sustainability
innovations
Digital is at core of everything today we do at ITC, says Executive Director, B Sumant
supply chain and manufacturing capabilities. Fast-moving consumer goods (FMCG) major ITC too is focusing on digitising its business strategies, so it remains not only agile but also resilient and efficient, ready to adapt to an ever-changing landscape. In an interaction with ET Digital, B Sumant, Executive Director, ITC Ltd, explains how the FMCG company is embedding digital innovation in its operations, minimizing the environmental footprint while maintaining high-performance levels. Our initiatives are anchored on synchronizing planning and forecasting, ensuring a resilient supply chain, adds Sumant. Edited excerpts: The Economic Times (ET): Can you list a few key strategies companies are implementing to enhance resilience in their supply chains especially in the face of global disruptions? B Sumant (BS): Digital is at the core of everything we do at ITC today. We are institutionalizing a ‘Digital First Culture’ with digital adoption being implemented across every node of our operations spanning Smart sourcing, Smart insighting, Smart manufacturing, smart distribution and Smart consumers. In today's volatile global landscape, building resilience in our supply chain is not just about surviving disruptions—it's about thriving in them. At ITC, we leverage cutting-edge technologies such as AI, ML, and IoT to drive real-time insights and automate processes. These technologies make our supply chain more agile and responsive, enabling real-time inventory optimization and stock management.
28.11 / 12:15
markets
Digital
Strategy
awards
wellness
information
Features
Govt says 136 Vande Bharat train services operational across railways network
Vande Bharat train services were operational with enhanced safety features and modern passenger amenities as on November 21, the government has informed the Lok Sabha. In a written reply on Wednesday, Railways Minister Ashwini Vaishnaw said these safety features and modern passenger amenities were automatic train protection system KAVACH, faster acceleration, fully-sealed gangway, automatic plug doors, better ride comfort, mini pantry with provision of hot case, bottle cooler, deep freezer and hot water boiler, among many others. The minister was responding to questions raised by nine MPs from various political parties who wanted to know the rationale behind launching the Vande Bharat Express, their occupancy, amenities, passenger feedback and services in Maharashtra as well as on the New Delhi-Kathgodam route. Vaishnaw said, «Presently, 22 Vande Bharat services, on originating or terminating basis, are catering to the needs of stations located in the state of Maharashtra.»
28.11 / 12:15
markets
Digital
Strategy
country
reports
Interviews
Launch movement to change interim govt: Tripura CPI(M) urges people in Bangladesh
«The situation in Bangladesh is now not normal. An interim government has taken over the reins there, which has launched attacks on minorities. I would appeal to the people who are secular to launch a movement to change the present government in Bangladesh», the CPI(M) leader told reporters. Notably, former Bangladesh Foreign Minister Hasan Mahmud, in an interview with PTI, accused the interim government headed by chief advisor Muhammad Yunus of allowing «mobocracy» to replace democracy.
28.11 / 11:33
markets
Digital
Action
Strategy
information
Schools
Courts
Air pollution: GRAP IV measures except relating to schools will continue to operate till December 2, says SC
Supreme Court on Thursday ruled that all measures under the Graded Response Action Plan (GRAP-IV), except those affecting schools, will remain in force until 2 December. The court emphasised the urgency of taking action against officials responsible for «serious lapses» in implementing these anti-pollution measures. The Commission for Air Quality Management (CAQM) informed the court that show-cause notices had been issued to the Delhi Police Commissioner, the Municipal Corporation of Delhi (MCD) Commissioner, and the Delhi Transport Department for failing to comply with orders aimed at curbing air pollution in the capital. The court criticised the authorities, citing a report that revealed an «abject failure» to enforce GRAP-IV restrictions effectively.
28.11 / 11:11
markets
Target
Digital
Metro
Yellow
travelers
Updates
Kolkata Metro's airport line likely to start running from March. Here is the latest update
Yellow Line, which will ultimately connect Barasat to Kolkata, a TOI report stated. Speaking at a meeting inside the airport metro premises on Tuesday, Metro Railway General Manager P. Uday Kumar Reddy reiterated the project's timeline, emphasizing that all efforts are focused on achieving the March 2025 target. Officials assured Reddy that trial runs along the 4-kilometer segment between Dum Dum Cantonment and Jai Hind station will commence as planned in December. The adjoining 3-kilometer stretch between Noapara and Dum Dum Cantonment had undergone test runs last year and received the necessary safety clearances from the Commission of Railway Safety (CRS). Phase I of the Yellow Line has since been extended to include the airport.
28.11 / 11:11
markets
Digital
Mobile
Universities
RAI
stage
social
EPF UAN: Do you need to activate UAN every time you change jobs? Check details here
Universal Account Number (UAN) of employees, the ministry said in a release on November 21, 2024. EPFO online services not available without active UAN: Here’s how to activate it According to the release, “In the first stage, employers are required to complete the process of UAN activation through Aadhaar-based OTP for all their employees joining in the current financial year by 30th November 2024, starting with the latest joinees. They must then complete the process for all employees working with them..”
28.11 / 11:11
markets
Digital
Bill
RAI
voice
reports
Extension to Waqf panel to enable more stakeholders to place their views: TMC's Kalyan Banerjee
TMC MP Kalyan Banerjee on Thursday welcomed the extension granted to the joint parliamentary committee examining the Waqf (Amendment) Bill and said it would enable many more stakeholders, including states, to place their views. The Lok Sabha on Thursday adopted a resolution to extend the tenure of the Joint Committee on the Waqf (Amendment) Bill till the last day of the Budget Session next year. Committee chairperson and BJP leader Jagdambika Pal moved the resolution in the Lok Sabha, which approved it with a voice vote. Banerjee, a member of the panel, said, «Yesterday (Wednesday), in the JPC (joint parliamentary committee) meeting, a resolution was moved for extension and it had to be placed before the Lok Sabha. Accordingly, the honourable chairman moved that motion for extension of time for submission of the report and that time has been extended till the last day of the Budget Session.»
28.11 / 11:11
markets
Citi
Digital
security
Strategy
Experts
PAM
Hemant Soren takes oath as CM of Jharkhand
Hemant Soren was sworn in as the 14th Chief Minister of Jharkhand on Thursday in a grand ceremony attended by several prominent political leaders. Governor Santosh Kumar Gangwar administered the oath of office and secrecy to the 49-year-old leader of the Jharkhand Mukti Morcha (JMM). This marks Soren's fourth stint as Chief Minister. He retained the Barhait seat in the recent assembly elections, defeating BJP's Gamliyel Hembrom by a margin of 39,791 votes.
28.11 / 11:11
markets
Digital
Action
Mobile
students
Celebrity
Schools
Kerala completes survey of unrecognised schools, identifies 827 institutions
General Education Minister V Sivankutty said on Thursday. Preliminary findings indicate that there are 827 unrecognised institutions that remain outside the formal education system, the minister said in a statement. He added that further actions on this matter would be initiated soon. «A meeting has been convened by the chief minister to discuss the issue, and a list of schools along with available details will be handed over to him,» Sivankutty said.
28.11 / 10:31
markets
Digital
Strategy
Remark
show
country
reports
Most CFOs in India believe generative AI will enhance effectiveness of tax functions: Report
generative AI (GenAI) will significantly enhance the effectiveness of their tax functions, said a study on Thursday. Globally, 87 per cent of leaders echo this sentiment, underscoring GenAI's potential to revolutionize tax functions worldwide, said a EY Tax and Finance Operations (TFO) Survey 2024. Based on insights from 1,600 leaders across 32 countries and 18 industries, including 70 CFOs and tax leaders of leading Indian corporates, the global survey highlighted key challenges in the tax and finance domain. It said, «94 per cent of CFOs and finance and tax leaders in India believe generative AI (GenAI) will significantly enhance the effectiveness of their tax functions — a remarkable increase from just 19 per cent in 2023, highlighting a growing recognition of GenAI's potential in the tax landscape.»
28.11 / 10:31
markets
Provident
Digital
Strategy
Infinity
performer
Features
Mahindra XUV 9e, BE 6e: Here's everything you need to know about the new electric cars
The XUV 9e sports a coupe-SUV design with a sloping roofline and a distinct triangular headlamp arrangement. It measures 4,789 mm in length and offers 663 liters of boot space plus an additional 150 liters in the front trunk. The BE 6e features a more sculpted design with a minimalist front end. It measures 4,371 mm long and provides 455 liters of boot space and a 45-liter front trunk. Both SUVs offer two battery pack choices: 59 kWh and 79 kWh, using LFP chemistry. Mahindra claims the larger battery provides a real-world range exceeding 500 km. Both models support fast charging, reaching 20% to 80% charge in 20 minutes with a 175 kW DC charger. The XUV 9e with the 79 kWh battery generates 286 hp and 380 Nm of torque, achieving 0-100 kmph in 6.7 seconds. The BE 6e with the same battery produces 288 bhp and 380 Nm of torque, also achieving 0-100 kmph in 6.7 seconds.
28.11 / 10:31
markets
Digital
Aware
Strategy
Sustainability
awards
Experts
Indian banks are reviewing Adani Group exposure after US charges
State Bank of India, are reviewing their exposure to Adani Group and examining whether they need to tighten their due diligence when offering new loans to them, after the U.S. accused Chairman Gautam Adani of bribery, eight bankers said. Bank of India, Union Bank, ICICI Bank, Canara Bank, IDBI Bank and RBL Bank, which have a relatively smaller exposure to the group, are also undertaking a similar exercise. A review would not necessarily entail any change in the lenders' credit approach with regards to the group.
28.11 / 08:57
markets
Digital
Manufacturing
awards
Experts
PAM
country
GAIL re-engages process licensor for revival of Mangalore PTA plant
PTA manufacturing plant at Mangalore, the firm said Thursday. The company, through its wholly-owned subsidiary GAIL Mangalore Petrochemicals Limited (GMPL), re-engaged INEOS to support the plant's revitalisation, formalising this renewed collaboration through an Amendment Agreement signed here, it said in a statement. «This marks a significant step towards the revival of GMPL's 1.25 million tonnes per annum purified terephthalic acid (PTA) manufacturing plant located in the Special Economic Zone (SEZ), Mangalore,» the statement said. The original agreement with INEOS was executed by JBF Petrochemicals (JBF), which could not be realised due to insolvency proceedings. Following GAIL's acquisition of JBF through the Corporate Insolvency Resolution Process (CIRP) under the National Company Law Tribunal (NCLT) in June 2023, the state-owned firm is now working to overcome the legacy challenges and ensure the plant's successful on-streaming and long-term operational stability.
28.11 / 08:57
markets
Digital
Discover
Actor
Celebrity
reports
What RFK Jr. wrote in secret diary about celebs like Tom Hanks, Bruce Willis, Bill Clinton, and his sex life
Robert F. Kennedy Jr., Donald Trump's nominee for health secretary, reportedly kept a secret diary filled with candid reflections on celebrities, political figures, and family. The New York Post claims to have accessed the diary which discovered after his second wife, Mary Richardson Kennedy, died in 2013. In the diary, Kennedy called actor Tom Hanks a “chronic complainer” after an event in February 2000, despite acknowledging Hanks’s success. “I thought the guy was a chronic complainer when he seemed to have the best luck on Earth,” he wrote in February 2000, as claimed the the Post. He questioned news anchor Paula Zahn’s political leanings in January 2000, writing she “turns out to be a right wing zealot or an innocent who has swallowed all the tripe that the GOP propaganda machine produces daily.”
28.11 / 08:57
markets
Digital
Experts
PAM
testing
cricket
Indian cricket team meets Australian PM Anthony Albanese ahead of practice game in Canberra
Anthony Albanese on Thursday hosted a reception for the travelling Indian cricket team ahead of its two-two-day pink ball practice match against PM's XI here from November 30. The game will take place the Manuka Oval serving as good preparation for the day-night Test in Adelaide from December 6. India recorded their biggest win on Australia soil when they hammered the hosts by 295 runs in the opening game of the Border-Gavaskar Trophy in Perth. Following the protocol, India skipper Rohit Sharma introduced all his teammates to Albanese, who praised heroes of the first Test including Jasprit Bumrah and Virat Kohli.
28.11 / 08:57
markets
Digital
Man
Experts
PAM
reports
A 30-year journey of hope and despair: Bhim Singh’s miraculous return after being kidnapped in 1993
Thanks to what can only be called a miracle, Bhim Singh is finally back home. The frail man found tied to a tree at an animal farm in Jaisalmer is the same nine-year-old boy who was kidnapped from an auto 30 years ago. In September 1993, Bhim’s family received a chilling ransom call after he was snatched, but after that, there was silence. Police searches led to dead ends, and the boy seemed to vanish into thin air. reported TOI. His family moved on, though the unanswered questions lingered. Would they ever know what happened to their son?
28.11 / 08:57
markets
Digital
awards
Experts
PAM
Pride
DRA aims for Rs 1,000 crore revenue by FY26-27
DRA has set an ambitious target to double its revenue to Rs 1,000 crore by FY26-27, driven by new project launches and geographical expansions. The company expects to achieve Rs 500 crore in revenue in FY24-25, up from Rs 300 crore in FY23-24. To fuel this growth, DRA plans to enter the Pune market and expand further in Bengaluru by the next fiscal year. Additionally, the firm aims to solidify its position in Chennai by adding 2.7 million sq. ft. of saleable area through nine ongoing and six upcoming projects across key locations in the city.
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