Innovations Financial News
19.11 / 07:37
UPS
Strategy
Reddit
wellness
Photos
Diversity
innovations
Bengaluru cabbie’s innovative attempt to turn passengers into investors for his startup, wows Internet
The poster read, “Hi passenger, my name is Samuel Christy. I'm a graduate looking to raise funds for my startup business idea. If you're interested, please talk to me.” A photo of the poster was shared on Reddit with the caption, “Yet another Peak Bengaluru moment,” which quickly sparked admiration for his entrepreneurial drive.
19.11 / 04:43
markets
Tesla
Instagram
innovations
reports
Videos
Kim Kardashian introduces her 'low maintenance' boyfriend, a gift from Elon Musk
Sharing the clip on X, Kardashian wrote, “Meet my new friend!” In the video, she appeared awed at the robot’s antics. She is seen saying “Hi” to the robot, making a heart gesture, and asking, “Can you do this?” The robot quickly follows her lead, which amazes Kim as she gasps and says, “You know how to do that!” At the end of the clip, she suggests that they both go for a run. Have a look at the viral video clip here:
18.11 / 19:53
Fox
Align
President
Freedom
cover
social
innovations
Trump names Brendan Carr, senior GOP leader at FCC, to lead the agency
President-elect Donald Trump has named the senior Republican on the Federal Communications Commission as the new chairman of the agency tasked with regulating broadcasting, telecommunications and broadband
18.11 / 16:37
UPS
Manufacturing
awards
WhatsApp
electronic
innovations
Govt initiatives helping attract foreign investors in India: CII
Make in India and production linked incentive schemes for different sectors are helping attract foreign investors to set up bases in India, according to industry chamber CII. In a letter to Commerce and Industry Minister Piyush Goyal, CII Director General Chandrajit Banerjee said that the government's increased investments in infrastructure such as roads, railways and ports are making the domestic industry more competitive. The policy shift within India has also occurred at the same time as geopolitical conditions have become favourable for India, with many global companies looking to diversify their geographical base, the letter, dated November 5, said. "FDI inflows have increased from USD 45.14 billion in 2014-15 to USD 70.95 billion in 2023-24, indicating the growing interest of foreign investors for setting up base in India," it said, adding that the PLI schemes have attracted huge investments.
18.11 / 11:21
markets
Platform
awards
MakeMyTrip
PAM
innovations
travelers
MakeMyTrip to acquire Happay Expense Management Platform from CRED
MakeMyTrip on Monday announced that it has signed a Business Transfer Agreement to acquire Happay Expense Management Platform from CRED. The acquisition is in line with MMT's commitment for comprehensive corporate travel and expense management solutions, mentioned the company in a press release. Happay is a leader in expense management, with robust capabilities in product development, data-driven insights, and scalable solutions that consistently drive value and efficiency for clients. Under the agreement, Happay brand, its expense management business, and its dedicated team will transition to MakeMyTrip.
18.11 / 09:37
markets
Provident
Manufacturing
innovations
patient
medicines
Pharmaceuticals
Eli Lilly and Novo want to shake off Ozempic copycats. Are they ready to meet demand?
Subscribe to enjoy similar stories. Pharmaceutical companies are typically rewarded for their innovation with years of market exclusivity before cheaper generics enter the scene. But for diabetes and obesity drugs like Ozempic and Zepbound, known as GLP-1s, cheaper copycats emerged almost immediately.
18.11 / 07:45
markets
Citi
Provident
security
Strategy
Sustainability
innovations
LTTS wins project to build US state Colorado’s smart cities
LTTS) on Monday announced a strategic partnership with the Colorado Smart Cities Alliance (CSCA) to build smart city development projects across the state of Colorado integrating innovation and technology. The financial details of the deal was not disclosed. “The collaboration will leverage LTTS' cutting-edge engineering expertise to advance CSCA's mission of fostering smart city solutions that improve urban living and create sustainable ecosystems. Through the collaboration of resources and expertise, both organisations aim to foster sustainable, efficient, and technologically advanced communities,” LTTS said in a regulatory filing.
18.11 / 07:23
markets
Strategy
Align
awards
Bill
innovations
India plans major insurance shake-up this winter as it may open doors to 100% FDI
These measures are part of the Insurance Amendment Bill, which is set to be tabled during the upcoming winter session of Parliament. The move aligns with the government’s broader goal of achieving "Insurance for All by 2047," a vision recently emphasised by Insurance Regulatory and Development Authority of India (Irdai) chairman Debasish Panda.
17.11 / 17:29
markets
Strategy
economy
country
audience
innovations
peace
India has embarked on new journey and goal is to build 'Viksit Bharat': PM Modi
Viksit Bharat' as he outlined his government's achievements during the last ten years. Addressing the Indian diaspora in the Nigerian capital, Modi also said that India has emerged as a new hope for the world, embodying growth, peace, prosperity, and democracy. Modi, who began his speech with «Sannu, Nigeria», which translates to «Hello», said this was his first visit to Nigeria as Prime Minister, but he did not come alone. «I have brought with me the fragrance of Indian soil and many good wishes for all of you on behalf of crores of Indians,» Modi said.
17.11 / 11:59
markets
UPS
FIVE
Manufacturing
techno
innovations
Cotton is passé. Can India ever make it big in this fashionable textile market?
Subscribe to enjoy similar stories. Chennai: It was early June 2021. Businesses were reopening after the deadly covid-19 pandemic’s second wave.
17.11 / 04:49
Art
Booking
Remark
awards
students
innovations
12-year-old boy from Karnataka brings the Bhagavad Gita to life with over 84,000 illustrations
Prasanna Kumar, a student of Swaroopa Adyayana Kendra, has earned a place in the Indian Book of Records for this astonishing feat. Prasanna has achieved a remarkable milestone by visually interpreting the entire Bhagavad Gita. Using a unique pictorial language developed at Swaroopa Adyayana Kendra, Prasanna, son of Pampapathi and Nandini, illustrated all 700 shlokas of the sacred text through 84,426 meticulously crafted images, with each image representing an individual word. Prasanna joined Swaroopa Adyayana Kendra a year ago after completing his education at Rashtrothana Vidhyalaya in Shivamogga. Motivated by the goal of transforming the Sanskrit verses into a purely visual format, he embarked on this ambitious project. Over two-and-a-half months, he worked tirelessly, creating 1,400 lines of illustrations on hardboard sheets to bring the ‘Bhagavad Gita’ to life in a completely new way.
16.11 / 17:33
markets
Remark
Metro
awards
Corona
innovations
reports
Gujarat-based Trom Industries registers nearly 100% rise in sales, profit in H1
Trom Industries has reported a nearly 100% rise in net sales, reaching Rs 46.24 crore for the half-year period ending September 2024, compared to the same period last year. The company, which specializes in industrial solar power plants, ground-mounted solar power plants, and solar street lights, also saw its half-yearly net profit rise by 108.77% to Rs 4.13 crore. «TROM continues to deliver profitable growth by capitalizing on optimism in the market and improved consumer demand. This remarkable growth underscores the increasing market acceptance of our innovative products and services, reflecting our commitment to excellence and our strategic expansion in the rapidly evolving solar market. Recently, the company was awarded solar project contracts worth Rs 33 crore from Gujarat Metro Rail Corporation (GMRC) and Corona Remedies. Our focused approach has driven this growth, and our cost-conscious strategies have contributed to yet another record quarter of profitability,» said Jignesh Patel, Managing Director of Trom Industries. The company has also recently secured a work order worth Rs 33 crore from GMRC for a period of 5 years. With an order value exceeding Rs 20.70 crore, the supply for this project will be completed within the current financial year in a phased manner. Additionally, Trom Industries has received a purchase order from Corona Remedies for the installation of a grid-connected ground-mounted solar PV plant.
16.11 / 12:15
economy
Remark
President
Cycling
innovations
Fed's Collins says tech changes can improve financial system
Federal Reserve Bank of Boston President Susan Collins said Friday the US central bank needs to keep a close watch on technological developments in the financial system. «We must all be attuned to the very real risks and challenges» resulting from technical innovations, Collins said in the text of a speech for an event at her bank. «The optimist sees potential for a virtuous cycle, with the financial system benefiting from technological advances enabled by innovations, and adapting to changes in the economy — while a more efficient financial system, in turn, can boost economic growth,» she said.
16.11 / 11:57
UPS
Citi
Netflix
love
show
innovations
‘Arcane’ is now one of the most ambitious animated shows
Subscribe to enjoy similar stories. When Arcane first dropped on Netflix, it didn’t just break the mould for animated television—it shattered it into shiny fragments, each as intricate as the show’s handpainted aesthetic. Based on League of Legends, a game known for its explosive visuals and labyrinthine lore, the series somehow managed to elevate its source material, becoming a story about ambition, love, and betrayal that transcended the boundaries of fandom—take it from me, someone who has never played League of Legends but tripped hard on Arcane.
16.11 / 07:21
markets
Strategy
Sustainability
Experts
innovations
Videos
International
FICCI, GDAI sign MoU to bolster India’s video gaming industry
FICCI) and the Game Developers Association of India (GDAI) have signed a Memorandum of Understanding (MoU) at the Indian Game Developers Conference (IGDC) 2024. The partnership aims to accelerate growth, drive innovation, and enhance skill development in India’s rapidly expanding video gaming industry. This MoU represents a significant milestone in creating a robust video gaming ecosystem in India, setting the stage for the industry’s next wave of growth and international recognition. «FICCI is delighted to collaborate with GDAI to propel growth in India’s burgeoning video gaming sector. This partnership aims to build a strong ecosystem by advocating for industry-friendly policies at both state and national levels, while promoting innovation, skill development, and sustainable growth across the Media & Entertainment sector. The MoU reflects our commitment to nurturing talent and positioning India as a global leader in gaming intellectual property (IP), leveraging FICCI’s policy expertise and GDAI’s extensive developer network,” said Leena Jaisani, Deputy Director General, FICCI.
16.11 / 03:35
markets
COST
Doge
country
innovations
Updates
DOGE chief Vivek Ramaswamy and Elon Musk plan major job cuts in federal bureaucracy, mass deportation of millions
Vivek Ramaswamy, along with Tesla CEO Elon Musk, has announced plans for a major reduction in U.S. federal government jobs. Both have been appointed in charge of the newly formed Department of Government Efficiency (DOGE), which aims to streamline government operations. At an event in Mar-a-Lago, Florida on Thursday, Ramaswamy expressed confidence in making significant cuts to the federal bureaucracy.
16.11 / 02:27
Provident
CEO
Platform
innovations
information
Features
Interviews
From loans to locking portfolios, big changes are afoot at revamped MFCentral
Subscribe to enjoy similar stories. MFCentral (mfcentral.com), a mutual fund transactions platform jointly run by Computer Age Management Services Limited (CAMS) and KFin Technologies Limited (KFintech), has finally been converted into a separate joint-venture company. The platform, which has 2.5 million users, is run by registrar and transfer agents (RTAs) – Sebi-registered firms that provide services to mutual fund companies and investors – and allows investors to buy or sell any mutual fund.
15.11 / 22:07
Fighting
security
Software
economy
Election
innovations
Department
Trump names Interior-designee Doug Burgum to head new White House council on energy
President-elect Donald Trump said Friday that North Dakota Gov. Doug Burgum, Trump’s choice to head the Interior Department, will also head a newly created National Energy Council that will seek to establish U.S. “energy dominance” around the world
15.11 / 18:45
Action
Sustainability
wellness
President
innovations
information
Vaccines
Trump's health head is Bob's your uncle
Bobby Kennedy Jr as the incoming secretary of health. Even Trumpites are secretly scratching their J D Vance-style beards trying to make sense of bringing in an anti-Covid vaccine advocate as America's health honcho, while Trump himself had praised the vaccine during his first presidency as 'one of the greatest achievements of mankind'. So, is this counterintuitive hire the secret sauce to Trump's corpo-political genius? Kennedy's resume certainly screams, 'Ambulances are for cowards!' And yet… So, is there any method in this madcapness? Hiring the 'worst' candidate, Trump may reckon, will bring expectations down so low that even ho-hum policy action will come across as fab. Unburdened by 'traditional wisdom', Trump's outliers — including incoming director of national intelligence Tulsi 'Putin is swell' Gabbard — may innovate in ways that may seem ludicrous but could lead to, well, if not revolutionary breakthroughs, then at least keeping the polarisation pot boiling.
15.11 / 18:13
markets
Strategy
Sustainability
PAM
performer
country
innovations
India's roadmap to doubling energy efficiency: A key to achieving net-zero emissions by 2070
energy efficiency is the central pillar of its plan to achieve Nationally Determined Contributions (NDCs) under the Paris Agreement, which aims for a 45% reduction in carbon intensity and a 1 bn t reduction in GHG emissions by 2030. Hitting these targets is indispensable to its long-term goal of reaching net-zero emissions by 2070. Bottlenecks that hinder adoption of energy-efficient technologies — finance, sustainable supply chains and policies — must be identified and addressed. For emerging markets, energy demand is essential for development. The developing world must look to sustainable progress through improved energy efficiency, integration of RE, and adoption of innovative technologies that promote cleaner and more efficient-energy systems. To do this, financing, supportive policy frameworks and continued international collaboration are required to ensure access to necessary resources, supply chains and expertise. One such critical area for collaboration is sharing best practices among developing countries like Brazil, South Africa and Indonesia. These nations often face similar challenges in enhancing energy efficiency. Working together can lead to significant advancements. For example, India can champion initiatives that facilitate access to investments and technologies, particularly for manufacturing countries.
15.11 / 17:07
markets
Digital
Manufacturing
security
Experts
innovations
Pharmaceuticals
Telangana secures over Rs 36,000 crore in life sciences investments, genome valley leads the way
Genome Valley at the center of this growth. Notable investments include a Rs. 2,000 crore joint venture between European company KrKA and Laurus Labs to establish pharmaceutical finished products and biopharmaceutical manufacturing facilities in Genome Valley. In addition, Laurus Labs has inaugurated an R&D center with an investment of Rs. 250 crore. Together, these projects are expected to create over 2,800 jobs. Another significant development is the partnership between Japanese pharmaceutical giant Takeda and Biological E, aimed at manufacturing 5 crore doses of the Dengue vaccine annually from Genome Valley. This collaboration positions Hyderabad at the forefront of the global fight against dengue, further solidifying its reputation as the “vaccine capital of the world.”
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