Digital Financial News
20.09 / 17:27
markets
Digital
Research
Experts
Universities
RAI
Indian Space Station will enable research in Bioastronautics, biological research, drug discovery: Isro Chairman
Bioastronautics, biological research, drug discovery, and material science research in Space, said the Indian Space Research Organisation (Isro) Chairman S Somanath here on Friday. He was talking at a press briefing at the Bengaluru Space Expo organised by the Confederation of Indian Industry (CII). «We are also looking at how to collaborate with other nations. There are already discussions happening with other nations on how to work together in building Space Stations and its utilisations, and joint Missions etc,» he said.
20.09 / 17:27
markets
Digital
Experts
RAI
Schools
cricket
Shortest innings
IPL game when his wife Jyotsna, after a longish period of silence, said, 'Ravi, I've been thinking. You spend too much time watching cricket. Maybe you should watch your silly game only on weekends.' Ravi looked horrified. Jyotsna responded, 'Darling, what's wrong?' 'For a minute, there you were beginning to sound like my ex-wife.'
20.09 / 16:53
markets
Digital
Sustainability
RAI
country
social
West Bengal's social welfare schemes key to social upliftment: UNICEF Official
West Bengal government's social welfare schemes, including Kanyashree and Rupashree, have been instrumental and key drivers for the social upliftment of our state, said Chief of Field Office of UNICEF-West Bengal Monjur Hossain said. He was speaking at the 'Impact East 2024 conclave organised by Confederation of Indian Industries (CII) Eastern Region in Kolkata. Kanyasree, which helped in girl child education is a brainchild of Chief Minister Mamata Banerjee which has received United Nations' recognition.
20.09 / 16:53
markets
FIVE
Digital
security
country
inclusion
reports
Govt to explore new avenues to strengthen India's position in global financial ecosystem: Finance Ministry
India's position in the global financial ecosystem and is committed to advancing digital payment solutions that are secure, scalable, and inclusive, the finance ministry said in a statement on Friday. «India is rapidly emerging as a global leader in digital payments. With UPI’s global expansion and the continued rise of digital transactions, India is setting new benchmarks for financial inclusion and economic empowerment of common citizens,» it said, noting that as per the ACI Worldwide Report 2024, in 2023 around 49% of the global real-time payment transactions are happening in India. In its statement the ministry noted that digital payments transactions volume reached to 8,659 crore for the last five months (April-August) of FY25, the finance ministry said in a statement adding that in the last six years, transaction volume increased at a 44% compounded annual growth rate (CAGR) from 2,071 crore in FY18 to 18,737 crore in FY 24.
20.09 / 16:53
markets
UPS
Digital
Trade
RAI
information
India proposes retaliatory duties worth $1.1 bn against EU’s steel curbs
safeguard duties on its steel imports and has begun an exercise to firm up the list of items. “We are working on the products that would be subject to higher tariffs. These will mostly be steel products,” an official told ET. The two sides failed to reach an agreement on the concessions that the EU can offer India to mitigate the adverse impact of the safeguard duties it levies on some steel imports, which it extended by two years till 2026.
20.09 / 16:53
markets
Digital
Election
Exelon
RAI
reports
Three Mile Island Nuclear Power Plant to supply power to Microsoft Data Centers? All you need to know
Microsoft is restarting the Nuclear Power Plant of Three Mile Island again and it has got in to a deal or agreement with the huge technological giant Microsoft so that Microsoft can get the adequate power it requires for its upcoming projects. Joe Biden and his administration has always wanted to bring a positive impact in the sphere of dangerous climate changes happening around US by replacing all sorts of usage of greenhouse gases by the nuclear power. Following this stance, Constellation has planned to restart the Nuclear Power Plant of Three Mile Island with a roadmap of primarily 20 years in the beginning, reported Associated Press. Also Read: Fans not listening? Taylor Swift's efforts to push her fans to vote in U.S. elections have dropped significantly
20.09 / 16:21
markets
Digital
Platform
Experts
RAI
Schools
ETtech Deals Digest: Startup funding surges 232% on year to $588 million this week
This week, startups raised funding through 24 rounds compared to 28 in the year-ago period, when they raised a total of $177 million, according to data from data intelligence platform Tracxn.
20.09 / 16:01
markets
Target
Digital
awards
Highways
RAI
NHAI awards TOT Bundle 16 to Highway Infrastructure Trust for Rs 6,661 crore
Highway Infrastructure Trust for Rs 6,661 crore. TOT Bundle-16 is a 251 km long stretch on the Hyderabad-Nagpur corridor of NH-44 in Telangana, the ministry of road transport and highways said. “The concession period of TOT bundle is for 20 years in which the concessionaire will be required to maintain and operate the stretch. In lieu of this, concessionaire will collect and retain user fees for the stretch in accordance with prescribed fee rates under NH Fee Rules,” it added. According to the ministry, the TOT model has been developed to encourage private participation in the highway sector.
20.09 / 15:55
markets
Digital
Platform
RAI
social
reports
Will Donald Trump sell his $2 billion Truth Social shares amid losses?
With 115 million shares in his control, Trump now faces the opportunity to cash in on a potential windfall or hold onto his stake, despite the financial pressures surrounding his portfolio. Truth Social, the platform launched by Trump in response to being banned from major social media outlets in the aftermath of the January 6 Capitol incident, has become a symbol of free speech for many of his supporters.
20.09 / 15:55
markets
Digital
awards
Highways
Experts
RAI
NHAI awards 251-km Hyderabad-Nagpur corridor for Rs 6,661 cr under TOT model
NHAI has awarded the 251-km-long stretch of the Hyderabad-Nagpur corridor under the TOT bundle model to Highway Infrastructure Trust for Rs 6,661 crore, an official release said on Friday. The financial bids for TOT Bundle-16 were opened on September 18, 2024, for 251 km long stretch on the Hyderabad-Nagpur corridor of NH-44 in Telangana, the release said. The project has been «awarded to Highway Infrastructure Trust for Rs 6,661 crores», its said. The concession period of TOT bundle is for 20 years in which Concessionaire will be required to maintain and operate the stretch.
20.09 / 15:17
markets
Digital
Mobile
Experts
RAI
social
Sterlite Copper partners with Green Line Mobility Solutions to deploy LNG vehicles
Sterlite Copper, a unit of Vedanta Ltd, has entered into a partnership with Green Line Mobility Solutions for the deployment of liquefied natural gas (LNG) vehicles for transportation. This partnership marks a significant step in the company's ongoing efforts to achieve net zero carbon emissions by 2050 and reduce its carbon footprint as part of its commitment to environmental, social and governance principles. «Sterlite Copper… announced the launch of its LNG vehicles at the flag-off event held at Vedanta's Copper Plant in Silvassa,» the company said in a statement. LNG vehicles will be used for transporting finished goods to the north zone, replacing traditional diesel trucks, in a reverse logistics model.
20.09 / 13:51
markets
Digital
Election
Experts
RAI
Schools
Illegal immigrants to become majority in 25-30 years if unchecked: Amit Shah in Jharkhand
Amit Shah on Friday lashed out at the JMM-led coalition in Jharkhand for allegedly encouraging «rampant infiltration» and cautioned that if not checked, illegal immigrants will become a majority in the state in the next 25-30 years. He also alleged that infiltrators were «destroying the tribal culture and identity» and promised to chase them out of the state. Shah claimed that the BJP would form the government in the state with a two-third majority in the upcoming assembly elections.
20.09 / 13:51
markets
Digital
Booking
Experts
RAI
International
Yamuna authority launches housing scheme near the upcoming airport
Yamuna Expressway Industrial Development Authority (YEIDA) has introduced a built-up housing scheme in Sector 22D of the Yamuna Expressway. Flats under this scheme are available on a first-come, first-served basis, with booking starting from September 19 and continuing until March 31, 2025. Homebuyers can choose between 1 BHK and 2 BHK flats, priced between Rs 21 lakh and Rs 45 lakh. Under the scheme, a total of 1,239 flats will be offered across three categories. The first category focuses on affordable housing, offering 276 one-BHK flats with a super area of 29.76 square meters and a carpet area of 21.62 square meters.
20.09 / 12:43
BLOCK
Digital
Tether
Election
Trade
President
Bitcoin
Trump hitches his campaign to the crypto crowd
Subscribe to enjoy similar stories. Donald Trump this week pivoted to embrace a niche constituency that few would have expected him to champion—cryptocurrencies and the deep-pocketed investors who have made them their domain.
20.09 / 12:35
markets
UPS
Digital
Experts
RAI
Schools
Tata Steel commissions country’s largest blast furnace at Kalinganagar
Tata Steel has commissioned the country’s largest blast furnace at its plant in Kalinganagar on Friday, taking its steel production capacity at the site to 8 million tonne from 3 million tonne a year earlier. The steel major has spent Rs 27,000 crore in capital expenditure on expanding capacity at this site in its second phase. In its third phase, the company will further increase capacity at this site by 5 million tonnes, but is yet to take the proposal to the board. Neelachal Ispat Nigam, which was acquired by Tata Steel in 2022, is also based in Kalinganagar, and currently has the capacity to produce more than a million tonne of steel. The company plans to raise production capacity at this site before embarking on the third phase of expansion at the Kalinganagar plant, chief executive officer TN Narendran had told ET in August.
20.09 / 12:35
markets
UPS
Digital
Experts
Cycling
reports
Soonicorns Summit: India’s ‘moment to shine’ as VC funding grows, say speakers
venture capital (VC) funding in the country picks up pace, with the likes of Rapido, Ather Energy and Porter joining the unicorn club recently, participants at the ET Soonicorns Summit said on Friday. The Summit, a startup-tech initiative by the Economic Times, organised a panel discussion to provide insights into the future prospects and potential of the Indian venture capital ecosystem. The panel discussion titled ‘Surge in Investor Interest: Vision and Outlook for the Indian VC Ecosystem Beyond Hype and Uncertainty’ delved into the underlying factors driving investor interest, and addressed the challenges and uncertainties existing in the market.
20.09 / 12:35
markets
Digital
RAI
hospital
Courts
Colleges
Court sends ex-RG Kar College principal Sandip Ghosh and Tala SHO Abhijit Mondal to CBI custody till Sept 25
Sealdah court on Friday extended the CBI custody of RG Kar Medical College and Hospital's former principal Sandip Ghosh and Tala police station officer incharge Abhijit Mondal till September 25. The two have been arrested in connection with the rape and murder of a trainee doctor. Ghosh was arrested by the CBI on September 2 for his alleged involvement in the financial irregularities at the hospital amid the protests over the rape and murder of the on-duty trainee doctor. He was later accused of evidence tampering in the rape-murder case. On Thursday, Ghosh's medical license was cancelled.
20.09 / 12:35
markets
Digital
Action
Experts
RAI
Investigations
Uco Bank IMPS issue: Slim chance of full recovery this fiscal, says bank MD
Uco Bank appears to be losing hopes of recovering the full Rs 820 crore, which was erroneously transferred to several of its account holders through digital channel, anytime soon. The state-owned lender has so far recovered about 90% of the said amount, bank chairman Aswaini Kumar said Friday, adding that the possibility of recovering the balance amount by the end of the fiscal looks slim. «We are in the process of recovering the money… actions are on… may not be possible to recover the entire amount by the fiscal,» Kumar said, on the sidelines of a CII event.
20.09 / 12:35
markets
Digital
Justice
social
information
Courts
Bombay HC strikes down amended IT Rules; terms them unconstitutional
Bombay High Court on Friday held as unconstitutional and struck down the amended Information Technology (IT) Rules which sought to identify fake and false content on social media against the government. The matter was assigned to Justice A S Chandurkar as 'tie-breaker judge', after a division bench in January delivered a split verdict on the petitions challenging the amended IT rules. Justice Chandurkar on Friday held that the rules violated constitutional provisions. «I have considered the matter extensively. The impugned rules are violative of Article 14 (right to equality), 19 (freedom of speech and expression) and 19(1)(g) (freedom and right to profession) of the Constitution of India,» the judge said.
20.09 / 11:45
markets
Digital
Assurant
Death
RAI
social
No EY representatives at Anna Sebastian's funeral. India head's comment sparks another debate on social media
Anna Sebastian Perayil, a 26-year-old Chartered Accountant who passed her exams in 2023, tragically passed away after working at Ernst & Young (EY) Pune office for just four months. According to a letter her mother, Anita Augustine, wrote to Rajiv Memani, the Chairman and Managing Partner of EY India, Anna had been overworked to the point of breaking. In her letter, Anita Augustine expressed the deep anguish the family felt, not only from the loss of their daughter but also from the apparent lack of empathy shown by Anna's employers. “No one from EY attended Anna's funeral,” she wrote. The absence of her colleagues and managers during such a crucial time added to the family's sorrow. According to her mother, Anna had given her all to EY, yet in her final moments, no one from the organization was present to pay their respects. Anna's death and her mother's emotional letter have since gone viral on social media, sparking conversations about the toxic work culture in many multinational corporations.
20.09 / 11:45
markets
Citi
Digital
Pool
country
innovations
TCS opens delivery centre in Poland, to double headcount to 1200
Tata Consultancy Services (TCS) on Friday announced the launch of its new delivery centre in Warsaw, Poland, expanding its operations in the country. “With the new delivery centre, TCS expects to double its workforce to 1200-plus in a year to support its further growth in the region. Located in the heart of the city, the new delivery centre showcases TCS’ capabilities across industries and technologies,” the Tata subsidiary said in a statement. Poland is home to one of the largest European technology talent pools and the centre will tap into the growing Polish Information and Communication Technology (ICT) talent pool to support the needs of customers in niche technology skills and cognitive business and domain processes, the statement added.
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