Information Financial News

Subscribe to enjoy similar stories. The recent IndusInd episode raises several questions about how the Reserve Bank of India (RBI) uses its powers during financial stress. Beyond the immediate concerns of governance lapses and liquidity management, RBI’s decision to rely on public sector banks (PSBs) to provide liquidity support, rather than directly intervening as the lender of last resort (LoLR), merits close examination.

Singapore on Tuesday signed a Letter of Intent (LoI) for Green and Digital Shipping Corridor (GDSC), with a focus on digitalisation and decarbonisation. The Singapore-India GDSC, when established, will enhance collaboration from both countries and help accelerate the development and uptake of zero or near-zero GHG emission technologies and the adoption of digital solutions, a joint release from Maritime and Port Authority of Singapore and Ministry of Ports, Shipping said. The minister of Ports, Shipping and Waterways Sarbananda Sonowal said his visit to Singapore with a high-level marine sector delegation will strengthen the long-standing relationship. Moreover, the «Comprehensive Strategic Partnership» will deepen and broaden cooperation between the two countries, he noted.

«When you come and buy, people know that, A) this fund is buying, this person is buying, and half the thing in the market in making money is to be surprised, it is the information asymmetry,» says Sunil Subramaniam, Market Expert. Can you just dissect this news for us, the fact that the threshold limit for FPI disclosure has gone from 25,000 to 50,000. How important is that? And will that really open a large window? Sunil Subramaniam: It is very important. And I will tell you, the reason for that is that when you are disclosing, you are giving out a lot of information in the market. And so, when you come and buy, people know that, A) this fund is buying, this person is buying, and half the thing in the market in making money is to be surprised, it is the information asymmetry.

Subscribe to enjoy similar stories. MANY KNOW the mortification of sending the wrong text message to the wrong person. But when the fat thumb is that of America’s national security adviser, Mike Waltz, the message is a detailed military plan to bomb Yemen and the recipient is a prominent journalist, the error is not just a cause of shame but potentially a serious breach of national security.

BSE Sensex and Nifty also recorded their sixth consecutive gains. Nifty climbed 307.95 points or 1.32% to end the day at 23,658.35 while the BSE Sensex jumped 1078.87 points or 1.40% to 77,984.38. When markets resume trading today, Power Grid, Indian Overseas Bank, IndusInd Bank, BLS International will be in focus due to various related developments.

Trump administration officials mistakenly disclosed war plans in a messaging group that included a journalist shortly before the U.S. attacked Yemen's Iran-aligned Houthis, the White House said on Monday, following a first-hand account by The Atlantic. Democratic lawmakers swiftly blasted the misstep, saying it was a breach of U.S. national security and a violation of law that must be investigated by Congress. The Atlantic's editor-in-chief Jeffrey Goldberg said in a report on Monday that he was unexpectedly invited on March 13 to an encrypted chat group on the Signal messaging app called the «Houthi PC small group.» In the group, national security adviser Mike Waltz tasked his deputy Alex Wong with setting up a «tiger team» to coordinate U.S. action against the Houthis. National Security Council spokesperson Brian Hughes said the chat group appeared to be authentic. U.S. President Donald Trump launched an ongoing campaign of large-scale military strikes against Yemen's Houthis on March 15 over the group's attacks against Red Sea shipping, and he warned Iran, the Houthis' main backer, that it needed to immediately halt support for the group.

Jeffrey Goldberg revealed that he was inadvertently included in a Signal messaging group wherein discussion of US military strikes on Yemen’s Houthi rebels was underway. The messages, Goldberg said, were exchanged between top officials of the Trump administration and outlined the plans for March 15 attacks. Goldberg detailed the incident in an article titled The Trump Administration Accidentally Texted Me Its War Plans. In the report, published on Monday, he disclosed that National Security Adviser Mike Waltz invited him to join a Signal group named Houthi PC small group on March 13—just two days before the strikes took place. As per the report in The Atlantic, initially skeptical, Goldberg suspected that the group was part of a disinformation campaign. He stated that he had strong doubts about the legitimacy of the texts in the group because he could not believe that national security leadership of the US would communicate on Signal about imminent war plans. However, the journalist was soon convinced of its authenticity. He saw real-time discussions involving senior officials of the Trump administration, including Vice President JD Vance and Defence Secretary Pete Hegseth.

Genetic testing company 23andMe has filed for Chapter 11 bankruptcy, a move that raises questions for its millions of customers. The firm, which revolutionised at-home DNA testing, announced on Sunday that it was seeking a sale to address its financial troubles. With over 15 million customers who have provided genetic data, many are now asking: What happens to their sensitive information? The company’s struggles come after years of failed attempts to develop a profitable business model. While it once seemed destined for success, 23andMe failed to convert one-time customers into regular subscribers. This lack of sustained engagement led to its downfall, making its data valuable to potential buyers.

Ukraine. The war correspondent for Russia's main pro-Kremlin newspaper Izvestia was killed in Kharkiv region on Monday, the outlet announced. «Izvestia correspondent Alexander Fedorchak was killed in the zone of the special military operation,» Izvestia said, using Moscow's term for its full-scale offensive in Ukraine, adding that he was killed «in the Kharkiv region». Fedorchak was killed as both Russia and Ukraine held talks with the United States on a potential partial ceasefire. The newspaper said that its correspondent died «in the Kupyansk direction» — a city that has been under intense Russian attack and where Russian forces have been advancing. «His last report was broadcast literally the day before,» Izvestia said on its website.

Finance Ministry has launched a revamped e-auction portal named 'BAANKNET' to further streamline the listing and auctioning of banks' assets, Parliament was informed on Monday. The revamped e-auction portal was launched on January 3, 2025, Minister of State for Finance Pankaj Chaudhary said in a written reply to the Lok Sabha. The platform 'e-BKray' was launched in February 2019, he said. The BAANKNET portal is specifically designed to enhance transparency and speed up the process of disposing of non-performing asset (NPA) cases, he added.

Elon Musk work to overhaul the federal government, they’re forcing out thousands of workers with insider knowledge and connections who now need a job, as per a report. For Russia, China and other adversaries, the upheaval in Washington as Musk's Department of Government Efficiency guts government agencies presents an unprecedented opportunity to recruit informants, national security and intelligence experts say, AP reported. Mass layoffs and resignations at the federal government are prompting concerns that a disgruntled former employee may seek to sell secrets to a foreign power. National security experts say that while the overwhelming majority of federal workers are conscientious patriots who would never sell out their country, it would only take one or two informants to cause a significant national security crisis. Counterespionage is a concern even when the federal workforce is stable. But in recent weeks President Donald Trump and Elon Musk’s Department of Government Efficiency have slashed thousands of jobs. National security and intelligence experts say Russia, China and other adversaries will seek to take advantage of the opportunity. “This information is highly valuable, and it shouldn’t be surprising that Russia and China and other organizations — criminal syndicates for instance — would be aggressively recruiting government employees,” said Theresa Payton, a former White House chief information officer under President George W. Bush, who now runs her own cybersecurity firm.

The original poster (OP) detailed their experience of being approached for a senior role that seemed promising in terms of pay and benefits. However, after submitting their CV, they were informed of an extensive three-stage interview process. The first round included a video call with the hiring manager and HR to discuss past experience—something the OP found reasonable. The second round required an in-person panel interview with engineers, where they would be expected to answer technical questions on the spot and present on a topic of their choice. Finally, the third round demanded participation in a group project with other candidates, technical aptitude tests, and another round of interviews with senior management and HR. At that point, the OP withdrew their application, stating, «I’m sorry, I’m not participating in normalizing this ridiculous HR-driven process for positions all the way up the ladder.» They later found another role with a much simpler hiring process—a single in-person interview with technical questions—which turned out to be «the best job I’ve ever had, on more money than the initial role.»

Subscribe to enjoy similar stories. Scientists at the United Kingdom’s Oxford Drug Discovery Institute can speed up the work of digging through journals and databases by nearly ten times.

He initially engaged with the recruiter, who described the job as offering a competitive salary and benefits. The first round involved a video call with the hiring manager and HR to discuss his experience, which he found reasonable. The second round was an in-person panel interview with engineers, where he had to answer technical questions and give a short presentation. However, the third round included a group project where candidates had to suggest improvements to an existing company design, followed by technical aptitude tests and a final interview with senior management and HR. Unwilling to participate in what he saw as an unnecessarily complex and time-consuming process, he withdrew his application and informed the recruiter that such extensive procedures might be suitable for graduate-level roles but not for senior professionals. The recruiter, surprisingly, agreed and mentioned that he was making sure candidates were aware of the process beforehand.

currency declaration forms furnished by individuals landing in India. The lab also examines complex banking and financial data of an entity to study possible money laundering and terrorist financing instances. The 'strategic analysis lab' (SAL) was created by the federal financial intelligence agency in 2021 to prepare typologies for the «ever evolving» financial landscape, research and analyse data for improvement of intelligence generation and «effectively» counter economic crimes. The 2023-24 report of the FIU said the SAL has its own «specialised' human resources having access to the latest analytical tools and technologies.

Dental care provider Clove Dental announced the opening of its 600th clinic in Gurugram on its 14th anniversary. Established in 2011, Clove Dental has grown into a network spanning over 26 cities, having served more than 3 million satisfied patients. Similar to all our existing clinics, the new Gurugram clinic is equipped with state-of-the-art technology and adheres to strict safety and hygiene protocols. Louis Shakinovsky, Group Chairman of Global Dental Services, said in a statement, «Credibility is doing what you say. Our Clove team has unquestionably done this convincingly. Since its inception in 2011, Clove Dental has been on a mission to transform dental care in India. A few years ago, I had envisioned an ambitious goal to reach 600 clinics. It makes me feel joyous to see this become a reality.” Amarinder Singh, Founder & CEO of Clove Dental, said, „At Clove Dental, we believe that trust is the foundation of effective healthcare. Our commitment to transparency ensures that patients are fully informed about their treatment options and computer-controlled pricing. We provide clear communication, and detailed treatment plans for all procedures, ensuring complete compliance to the measures laid by the Dental Council of India. At Clove Dental, we implement world-class quality control processes, leveraging AI and computer vision for unmatched sterilization adherence—pioneering a first-of-its-kind standard in global dental care.“

Donald Trump and billionaire Elon Musk work to overhaul the federal government, they're forcing out thousands of workers with insider knowledge and connections who now need a job. For Russia, China and other adversaries, the upheaval in Washington as Musk's Department of Government Efficiency guts government agencies presents an unprecedented opportunity to recruit informants, national security and intelligence experts say. Every former federal worker with knowledge of or access to sensitive information or systems could be a target. When thousands of them leave their jobs at the same time, that creates a lot of targets, as well as a counterespionage challenge for the United States. «This information is highly valuable, and it shouldn't be surprising that Russia and China and other organisations — criminal syndicates for instance — would be aggressively recruiting government employees,» said Theresa Payton, a former White House chief information officer under President George W. Bush, who now runs her own cybersecurity firm. Many agencies oversee crucial data Each year an average of more than 100,000 federal workers leave their jobs. Some retire; others move to the private sector. This year, in three months, the number is already many times higher.

With air travel increasing significantly—especially among first-time flyers—DGCA chief Faiz Ahmed Kidwai emphasized the importance of informing passengers about their entitlements in cases of service deficiencies, flight delays (due to airline-controlled factors), cancellations, denied boarding, and baggage issues. IndiGo has reportedly assured the regulator that it will implement this directive by Tuesday i.e. March 2025.

AI models that would cut costs by 20%, according to people familiar with the matter. Ant used domestic chips, including from affiliate Alibaba and Huawei Technologies, to train models using the so-called Mixture of Experts machine learning approach, the people said. It got results similar to those from Nvidia Corp. chips like the H800, they said, asking not to be named as the information isn’t public. Ant is still using Nvidia for AI development but is now relying mostly on alternatives including from Advanced Micro Devices Inc. and Chinese chips for its latest models, one of the people said. The models mark Ant’s entry into a race between Chinese and US companies that’s accelerated since DeepSeek demonstrated how capable models can be trained for far less than the billions invested by OpenAI and Alphabet Inc.’s Google. It underscores how Chinese companies are trying to use local alternatives to the most advanced Nvidia semiconductors. While not the most advanced, the H800 is a relatively powerful processor and currently barred by the US from China.

DSP Small Cap Fund, one of the oldest in the small-cap category since its launch in June 2007, remains among the few funds in its segment with no exposure to large-cap stocks. It continues to allocate around 90% of its corpus to small cap stocks, with the rest split between cash holdings (slightly higher than usual) and mid-cap stocks. This is despite the Nifty Small Cap index falling 21%so far in 2025, and 24% from its peak in December 2024. Of course, Sambre has paid the price. So far this year, the scheme has delivered a negative return of 19.2%. Acknowledging the risks of small-cap investing, Sambre remains firm in his approach: if investors seek a small-cap fund, they should expect a true, small-cap experience. Previously the sole manager of the fund, he now oversees DSP’s equity funds, which have a combined corpus of approximately Rs.1.08 trillion. Additionally, he co-manages three schemes, including the mid-cap and small-cap funds, worth Rs.30,000 crore.