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The Employees Provident Fund Organisation (EPFO) has further relaxed norms for the settlement of claims in certain cases. The retirement fund body in a recent circular said that EPFO members will be exempt from the requirement of uploading an image of a validated bank passbook or cheque leaf in some eligible cases.

India’s largest private sector lender HDFC Bank has informed its customers that they will not be able to use the bank’s debit, credit and prepaid cards on June 4 and 6, though briefly, due to a system upgrade.

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₹2,000 crore to set up a printed circuit board (PCB) manufacturing facility in the country, according to two people aware of the development.The likely investment follows its acquisition of a majority stake in Ascent Circuits, a printed circuit board assembly maker, as the group undertakes backward integration towards becoming a full-fledged electronics manufacturing services provider.“The investment is expected to take place within the next few months," said one of the persons cited above, asking not to be named. Queries sent to Amber Enterprises remained unanswered till press time.Amber Enterprises, which is transitioning from being primarily a residential air-conditioning manufacturer into a diversified business-to-business electronics goods maker, will ramp up backward integration, aided by its pact with South Korean firm Korea Circuit that has long been producing printed circuit boards.

Saudi Aramco’s generous dividends can only go so far in making up for an overpriced initial public offering. The Saudi Arabian national oil company will sell shares worth up to $12 billion in an offering this week. The Saudi government, which will still own more than 80% of Aramco at the end of the sale, will use the proceeds to fund the country’s cash-hungry Vision 2030 initiatives.

The once-blighted monolithic Michigan Central train station — for decades a symbol of Detroit’s decline — has new life following a massive six-year, multimillion-dollar renovation to create a hub for mobility projects in the rebirth of the Motor City

aviation ministry has set in motion the urban air mobility project with the setting up several technical committees to pave the way for India's first ait taxi to take-off by 2026, as was being planned for some time.

Several Indian startups are setting their sights on the Gulf markets, on the back of the region’s burgeoning middle class and high disposable incomes. From beauty and fashion to mobility and home services, these startups see immense growth potential by catering to premium consumer segments.

NITI Aayog CEO and G20 Sherpa and Amitabh Kant outlined the remarkable strides India has made in digital transformation over the past nine years in a recent post on X.

PTI reported that as per preliminary information, the blaze erupted in a flat on the 10th floor of the Monte South building's A wing in the Khatao Mill Compound in Byculla (W) around 11:42 pm.“There is no report of any injury so far but several people are feared stranded. However their exact number is not yet known," the official added.The official emphasized that although the fire is contained within the 10th-floor apartment, smoke has permeated throughout the entire floor, leaving some individuals stranded on higher levels of the building.Responding to the emergency, eight fire trucks along with other necessary vehicles from the fire brigade are present on-site.

Chhattisgarh State Electricity Regulatory Commission (CSERC) on Saturday announced an average hike in power tariff by 8.35 per cent for all categories of consumers. The new tariffs will be effective from June 1, an official said.

(This story originally appeared in on Jun 01, 2024)

Department of Telecommunications (DoT) is considering using drones and tethered balloons for restoring 5G connectivity during emergencies and natural calamities when normal telecom services get severely disrupted, said an official aware of the details. DoT is likely to hold trials in the coming months to check the efficacy of this initiative, the official told ET. The department aims to complete the trials and take a final decision by June next year. «There is a plan to provide a temporary 5G network using tethered balloons or drones to provide mobile coverage during emergencies and disasters,» the official said.

Dogecoin mobile P2E (play-to-earn) challenger PlayDoge has only hours to go before the presale token price rises.

1. Vote timings: Voting for Phase 7 Lok Sabha Election will begin at 7 a.m. on June 1, while the polling station closure timings may differ constituency-wise.2. States voting on June 1: The eight states where voting will be held are:Bihar (8 Lok Sabha seats), Chandigarh (1), Himachal Pradesh (all 4 seats), Jharkhand (3 seats), Odisha (six seats), Punjab (all 13 seats), Uttar Pradesh (13 seats) and West Bengal (9 seats).

Tata Motors business units’ next phase of growth will encompass focussing on market beating growth, improving margins, and enhancing customer experience in the current year, N Chandrasekaran, chairman Tata Motors, wrote in a letter to the shareholders in the company’s 79th annual report. With the turnaround the company is embracing the structural shifts which includes an irreversible move to green mobility, rebalancing of supply chains to achieve resiliency digital acceleration with Artificial Intelligence and Machine Learning becoming mainstream, from a position of strength and confidence. The company’s UK subsidiary, Jaguar Land Rover, which delivered record operational performance in the year gone by, “will continue to double down on its journey to become a premium luxury OEM, deliver strong revenue growth, improve profitability further, drive positive free cash flows, focus on enhanced customer love and continue to invest in products and technologies,” wrote Chandrasekaran. Over the next three years, JLR plans to launch a raft of new models in the internal combustion engine and electric vehicle segments.

Pudgy Penguins has partnered with Mythical Games to create a blockchain-enabled AAA mobile game to launch in 2025.

India are closed on national holidays, state-specific holidays along with second and fourth Saturdays in the month and all Sundays, according to the Reserve Bank of India holiday list. The central bank designates certain holidays under the Negotiable Instruments Act, Real-Time Gross Settlement (RTGS) holidays, and Banks' Closing of Accounts. June bank holidays: Banks are closed for 10 days in June 2024;check dates, full state-wise list

Bank of Montreal says its services are back up and running after some customers reported being unable to access their online bank accounts on Thursday.

Elon Musk’s $56 billion compensation plan, setting up another hurdle for the electric carmaker’s board.ISS said the pay package, initially approved by shareholders in 2018, is not considered warranted. The opposition comes days after another prominent proxy adviser, Glass Lewis & Co., recommended investors vote down the Musk remuneration plan.“The award value was considered outsized from the start and it has failed to accomplish certain of the board’s stated objectives from 2018," ISS said.

technology have witnessed such a tremendous shift that it's possible for you to charge your dead laptop or mobile phone in a minute and an electronic car in 10 minutes. Yes, new technology is here! An Indian-origin researcher has revealed a novel technology that can do the same in just a few moments. Ankur Gupta, an assistant professor of chemical and biological engineering at the US-based University of Colorado Boulder, and his team of researchers discovered the technology, which has been published in the journal Proceedings of the National Academy of Sciences.