Digital Financial News

25.10 / 14:31
markets Provident Digital Strategy Metro Experts PAM EIB provides Rs 2700 crore loan for Bengaluru suburban railway
European Investment Bank (EIB) has sanctioned a €300 million (approximately Rs 2,731.02 crore) loan for Bengaluru suburban railway network. This will finance development of a new suburban railway network covering four dedicated rail corridors in Bengaluru. The network will stretch over a total of 149 kilometres (km) and include 58 stations with two depots, an EIB statement said. EIB said it has already supported Bengaluru's transportation sector with a €500 million loan to build the 23 km Bengaluru Metro R6 line and purchase a fleet of about 96 metro cars. The EIB’s support for transport in India includes the financing of metro investment in Agra, Bengaluru, Bhopal, Kanpur, Lucknow and Pune, with a total of €3.25 billion committed since 2016. This makes India the largest beneficiary of EIB transport financing outside Europe.
25.10 / 14:31
markets Digital Google Experts PAM social Courts Kenyan court suspends $736 million Adani power line deal
Kenya's high court on Friday suspended a $736 million deal between a state utility and India's Adani Energy Solutions to build and operate power infrastructure including transmission lines. The public-private partnership agreement between state-owned Kenya Electrical Transmission Company (KETRACO) and Adani Energy Solutions was signed earlier this month. On Oct. 11 the energy ministry said it would help address persistent power blackouts and support economic growth.
25.10 / 13:51
markets Digital Healthcare Experts RAI PAM NFO Alert: Motilal Oswal Mutual Fund launches 4 index funds
Motilal Oswal Mutual Fund has announced the launch of four index funds — Nifty MidSmall IT and Telecom Index Fund, Nifty MidSmall Financial Services Index Fund, Nifty MidSmall Healthcare Index Fund, Nifty MidSmall India Consumption Index Fund. The new fund offer or NFO of these four funds will open for subscription on October 29 and close on November 6. The schemes will reopen for continuous sale and repurchase on November 19. The minimum application amount for lumpsum and SIP investments is Rs 500 and in multiples of Re 1 thereafter in all four schemes. All the schemes will be managed by Swapnil Mayekar, Rakesh Shetty.
25.10 / 13:51
markets Digital Booking Strategy PAM track reports New sales booking for DLF declines during Q2 FY25 due to delay in launches
DLF reported decline in new sales booking during July-September quarter due to delay in receiving the requisite approvals for launches. The company reported new sales bookings of Rs 692 crore against Rs 6,404 crore, during the previous quarter. DLF’s net profit stood at Rs 1,387 crore, which includes reversal of deferred tax liabilities of Rs 606 crore, pursuant to change in tax rate on longterm capital gain on enactment of the Finance Act, 2024
25.10 / 13:51
markets FIVE Digital Strategy PAM social Courts Manipur Speaker’s Tribunal hears disqualification cases against 5 JD-U MLAs
disqualification cases against 5 JD-U MLAs who joined BJP. The next hearing is in three weeks. The Speaker’s Tribunal heard disqualification cases which were filed against 5 MLAs who defected from JD(U) to BJP in Manipur.The five MLAs are MLAs Khumukcham Joykisan Singh, Ngursanglur Sanate, Md Achab Uddin, Thangjam Arunkumar and LM Khaute. The Counsel N. Bupenda Meitei, Advocate for petitioner, Hareshwar Goshwami, in Disqualification Case No. 1, 2, 3, 4 and 5 of 2024, submitted for urgent hearing and speedy disposal as all the pending disqualification petitions is to be decided within three months of the filing of the petitions in the Speaker's Tribunal as per the Supreme Court verdict.
25.10 / 13:51
markets Digital Strategy Netflix film performer audience Sathyam Sundaram released on OTT: Where and how to watch the hit Telugu family-drama online
Sathyam Sundaram, originally released as Meiyazhagan in Tamil, is now streaming on Netflix. Directed by C Prem Kumar, this family drama has garnered positive reviews and is making waves among South Indian cinema fans. Here’s everything you need to know about this engaging film.
25.10 / 12:25
markets Digital rapper rap shock rowing Sean Diddy Combs row: Elon Musk makes a shocking claim about Eminem and jailed US rapper's infamous parties
Elon Musk has courted a fresh controversy by making a shocking claim about the renowned rapper Eminem, linking him to disgraced and controversial music mogul Sean 'Diddy' Combs. The SpaceX founder took to his social media platform, formerly known as Twitter, only to accuse the 52-year-old rapper of being a «participant» at Sean Diddy's infamous parties, referred to as «freak offs».
25.10 / 12:25
markets Digital Strategy Experts PAM reports Schools Justin Trudeau ruined relations between India, Canada for votes: Former Punjab CM Amarinder Singh
Amarinder Singh lashed out at Canadian Prime Minister Justin Trudeau on Friday for «ruining» the India-Canada ties, saying he is only interested in getting Sikh votes in elections. Singh's remarks came amid frosty relations between India and Canada. India has recalled its high commissioner and five other diplomats from Canada after they were named as «persons of interest» in a Canadian investigation into the 2023 killing of Hardeep Singh Nijjar, a Khalistani terrorist who was a Canadian citizen, in British Columbia. «Trudeau has ruined the relationship (between India and Canada). Trudeau is interested in only one thing and that is getting the Sikh votes for his own election,» Singh said while replying to a reporter's question on the diplomatic row between India and Canada.
25.10 / 12:25
markets Digital Experts PAM social information rights Making leaders board-ready is more than just getting a certification
There are multiple programmes offering specialised certifications to help leaders get ready for this transition. While this form of structured learning is critical and helpful and one can choose the right one based on their requirements, there are multiple parameters leaders need to consider to ensure their readiness for serving on the board of a company. Arvind Pandit, Founder & Managing Partner, Ishwa Consulting, says a key step senior leaders need to keep in mind at this juncture is that experience matters more than certification. Certifications are valuable, but they can't replace the depth of expertise gained through years of real-world experience. Companies value depth and substance over mere credentials. Industry knowledge is a differentiator as directors must offer more than surface-level understanding. Companies favour those who have built something tangible over those who’ve just studied the plans.
25.10 / 12:03
markets Citi Digital War PAM peace Ready to engage with Centre to resolve Kashmir issue: Hurriyat chief Mirwaiz Umar Farooq
Hurriyat Conference chairman Mirwaiz Umar Farooq on Friday said the separatist amalgam is ready to engage with the BJP-led Centre for the resolution of the "Kashmir issue". «When the APHC (All Parties Hurriyat Conference) was formed by the leadership in 1993, the situation was entirely different with militancy at its peak (in Jammu and Kashmir). »Even at that time, the APHC, in its proclamation, had clearly stated that it advocates for a peaceful resolution of the Kashmir conflict by engagement and even after 30 years, this outlook remains the same," the mirwaiz said here. He was addressing the Friday congregation at the Jamia Masjid in the city's Nowhatta area.
25.10 / 12:03
markets Digital Strategy Election reports Schools politician JMM-led coalition to retain power in Jharkhand: Lalu Prasad
Lalu Prasad on Friday claimed that the JMM-led coalition would retain power in Jharkhand as it was «set to win» the assembly elections with a «comfortable margin». The veteran politician, who is in his seventies, said he would campaign for INDIA bloc and RJD candidates in Jharkhand. Talking to reporters here Prasad said, «The RJD will win all seats where the party is contesting in Jharkhand. We (JMM-led coalition) will once again form the government there as our alliance will win elections with a comfortable margin.» When asked by journalists whether he would campaign for INDIA bloc candidates in Jharkhand or not, Prasad said, «Yes...I will soon go to Jharkhand for campaign. Tejashwi (Yadav) is already campaigning there.»
25.10 / 12:03
markets Digital Strategy exclusive testing Schools Features Yashasvi Jaiswal joins exclusive club featuring Sobers, Cook, Ab de Villiers
India's young opener Yashasvi Jaiswal on Friday became just the fifth batter to score 1,000 Test runs in a calendar year before turning 23. During India's second Test against New Zealand in Pune, Jaiswal, 22, kept composure and slammed 30(60) before losing his wicket on Day 2. His short-lived 30-run knock on Day 2 was enough to take his overall tally past the 1,000 Test-run mark in 2024. After crossing the landmark feat, Jaiswal entered an exclusive club that features four cricketing icons apart from him. The southpaw became just the fifth batter to score 1,000 Test runs in a calendar year before turning 23.
25.10 / 11:49
markets FIVE Digital Experts PAM social Schools Dhanteras 2024: When is the most auspicious time to buy gold, silver this Dhantrayodashi? Know the Shubh Muhurat Time and Date
Diwali, also called as Deepavali festivities begin on Dhanteras and extends for five days. 'Teras' denotes the thirteenth day of Krishna Paksha, whilst 'Dhan' denotes riches. In India, the first day of Diwali is specifically referred to as Dhanteras or Dhanatrayodashi.
25.10 / 11:49
markets Digital PAM country Olympics Sporting Gymnast Dipa Karmakar's coach Bishweshwar Nandi joins BJP in Tripura
Bishweshwar Nandi, the coach of gymnast Dipa Karmakar who won bronze in the 2014 Commonwealth Games, joined the BJP in a simple ceremony at his residence here on Friday. Agartala Mayor and BJP MLA Dipak Majumder welcomed Nandi to the party. «I am deeply influenced by how the BJP is managing the country, whether in sports or other areas, which is why I joined the party,» said Nandi, a Dronacharya award recipient for his exceptional contributions to gymnastics. He recently participated in a virtual meeting with the Union Sports Minister to discuss India's preparations for the 2036 Olympics.
25.10 / 11:39
markets Digital Airlines security Strategy PAM social More than 25 flights receive bomb threats on Friday
bomb threats on Friday, according to sources. An IndiGo spokesperson on Friday said 7 of its flights, including 6E 87 from Kozhikode to Dammam, got security-related alerts. The sources in the know said around 7 flights each of IndiGo, Vistara and SpiceJet got the threats while 6 flights of Air India received the threats.
25.10 / 11:39
Digital Aware Gap Mobile Healthcare Experts hospital Why technology alone can't fix India’s big healthcare divide
telemedicine, AI-driven diagnostics, and mobile health apps have made headlines, they address only part of the issue. The real obstacles lie much deeper. Infrastructure and human resources: the missing pieces The solution to India's vast healthcare gap lies not solely in technology but in a broader, more human-centric approach. «Healthcare innovation is not just about technology; it's about creating solutions that serve the most vulnerable and underserved populations,» leading healthcare industrialist and philanthropist Prakash Hinduja said.
25.10 / 11:39
markets COST Digital Action Strategy PAM Higher rates, increasing credit costs to temper profits for micro finance cos says S&P
delinquences in India's micro finance sector is expected to increase credit costs to more than 5% in the current fiscal as risks that borrowers will default has increased, analysts at Standard & Poors (S&P) said. Credit costs will ease but will still stay high at more than 3% next fiscal, impacting profitability for micro finance companies as return on average assets (ROAA) will fall by 60 to 65 basis points to 3.85%, the analysts said in a call. One basis point is 0.01 percentage point. Shinoy Varghese, associate director, financial institutions ratings at S&P said delinquences are expected to rise especially in the micro finance industry as lenders tighten their belts after recent regulatory actions.
25.10 / 10:51
markets Digital Experts PAM social Schools Equality Jagan does not fully own family assets, only 'guardian', says Y S Sharmila
YSRCP chief Jagan Mohan Reddy's sister Y S Sharmila on Friday said that all the businesses which were established when former Chief Minister and her father Y S Rajasekhara Reddy was alive, are of family assets and Jagan is just a «guardian» of them. In an open letter, she said that her late father Rajasekhara Reddy's intention was that Jagan should divide all the businesses equally among the four grandchildren — two each of Jagan and Sharmila. She said she received Rs 200 crore during the past 10 years towards her family share as dividends from various companies which established the fact that all four grandchildren of Rajasekhara Reddy would get equal portions. «They (all the assets) are not owned by Jagan. He is only the „Guardian“ of all existing family businesses. It is the responsibility of Jagan to divide all the businesses equally among the four grandchildren. It was the mandate of (late) Rajasekhara Reddy. YSR conveyed his intention to his children and his wife. Close associates, including KVP Ramachandra Rao, YV Subbareddy and Vijayasai Reddy know about this,» she said.
25.10 / 10:51
markets Digital Death Research Cardiovascular Experts PAM Should you be chasing the 10,000 steps-a-day fitness goal? Science says think again
longevity? While many fitness gurus have sworn by this tactic to remain at the peak of good health and live a long life, recent research suggests that you don’t need to walk a specific number of steps to live longer. However, being active is the key to being fit.
25.10 / 10:31
markets Digital Man Sustainability Food country BJP's 'triple engine govt' snatched food from common man's plate in Maharashtra: Mallikarjun Kharge
Mallikarjun Kharge on Friday slammed the BJP over rising food prices, alleging that the 'triple engine government' in Maharashtra «which grabbed power through the backdoor» has even snatched food from the common man's plate. Now, Maharashtra has decided to completely throw open the farewell doors for the BJP and its allies, he said as the state prepares to vote in the assembly polls on November 20. In a post in Hindi on X, Kharge said the inflation «imposed by the BJP» has hit the people of the country, including Maharashtra, hard and the party needs to be ousted to fix this. «The BJP's 'triple engine government' which grabbed power in Maharashtra through the backdoor has snatched the food from the common person's plate,» he alleged.

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