Reports Financial News
21.02 / 16:33
markets
Landmark
Strategy
country
reports
Schools
International
Myntra appoints Shoppers Stop's Venu Nair as chief of strategic partnerships and omnichannel
Myntra has appointed Venu Nair as its new chief of strategic partnerships and omnichannel. Nair joins Myntra from offline shopping chain Shoppers Stop, where he was the managing director and chief executive officer for about three years. At Myntra, he will be responsible for the international brands portfolio, and for “building strategic partnerships with leading global brands,” the firm said in a statement. Nair will also be managing omnichannel strategy for brands at Myntra.
21.02 / 16:33
markets
Action
security
NVIDIA
Trade
show
reports
Ahead of Market: 10 things that will decide D-Street action on Thursday
The NSE Nifty50 fell 0.64% to 22,055, while the S&P BSE Sensex settled 0.59% lower at 72,623.09. The Nifty50 had gained as much as 0.24% in the first hour of the trade to hit a record high for the third session in a row, before reversing gains in the final hours.
21.02 / 16:11
Citi
Progressive
Action
Analysis
reports
City minister challenges 'inconsistent' Treasury Committee criticism of Edinburgh Reforms
In December, MPs published a report on the progress made on Chancellor Jeremy Hunt's Edinburgh Reforms in the last year, examining the 31 «strands» of work that he outlined as the main focus of the post-Brexit financial services reforms. While the Treasury said the chancellor had completed 21 of the 31 reforms in the first year, analysis by the TSC found six of the actions marked as ‘delivered' by the government had not yet been completed. The committee also argued that some of the reforms had «limited impact on the government's flagship financial services reform programme». Treasu...
21.02 / 16:07
Progressive
Death
President
country
reports
NOT
‘What kind of Ram Rajya is this’? — Rahul Gandhi hits out at PM Modi in Kanpur, says 90% of population not getting jobs
Narendra Modi’s Ram Rajya, former Congress president and Wayanad MP Rahul Gandhi on Wednesday said the Centre has failed to generate enough employment opportunities for the downtrodden constituting "90 per cent of the population," in the country, news agency PTI reported. The former Congress president was addressing a public meeting at the Ghantaghar intersection of Kanpur during his 'Bharat Jodo Nyay Yatra.' "What kind of Ram Rajya is this where … Backward classes, Dalits, tribals and minorities, who constitute about 90 per cent of the total population, cannot get jobs," Rahul Gandhi said. "Fifty per cent of the population in the country belongs to backward classes, 15 per cent are Dalits, 8 per cent are tribals and 15 per cent are minorities.
21.02 / 16:07
UPS
BLOCK
Ball
reports
testing
bowling
NOT
'I'm not blind...': England coach Brendon McCullum defends Jonny Bairstow, Joe Root ahead of 4th Test
ALSO READ: DRS at fault? England skipper Ben Stokes says, ‘If the ball's hitting the stumps…’ "We've got to keep on giving him confidence and block out a lot of the external noise and keep him present and focused on what he's trying to achieve, and I'm sure Jonny will come good," he added. Root, who has scored 11,493 runs in 138 Tests with 30 centuries, is also under the scanner. "It's Joe Root, crikey," said McCullum as he batted away criticism of the former captain's lean spell.
21.02 / 16:07
markets
BLOCK
security
Forbes
show
reports
International
stake
Eureka Forbes promoter to sell 22% stake for $254 million
MUMBAI : Lunolux Ltd, the promoter of Eureka Forbes Ltd, will sell a 22% stake in the household appliances maker for $254 million ( ₹2,106 crore) through a block deal on Thursday, people with knowledge of the deal said. Advent International had bought a majority stake in Eureka Forbes from Shapoorji Pallonji Group for ₹4,400 crore in 2021. Lunolux is an entity held by Advent International.
21.02 / 15:03
UPS
Target
Platform
Trade
social
reports
Videos
#5DaysBanking #SavePSB: Young bank activists are fighting a quiet battle
PTI reported that the constable was eventually suspended from duty and arrested. The way employees of state-owned banks agitate against the management is changing. Organized labour unions with clear political affiliations have been the face of activism for long.
21.02 / 14:25
UPS
FIVE
Death
hospital
reports
shock
recommendations
Minister Munda makes fresh offer for talks as farmer protests enter eighth day
Delhi Chalo’ march and protests, now in their eighth day. “After the fourth round, the government is ready to discuss all the issues including MSP demand, crop diversification, stubble issue, and FIR in the fifth round. I again invite farmer leaders for talks.
21.02 / 14:25
Election
voice
reports
Videos
politician
Digital deception? Indian political parties embrace deepfakes for 2024 Lok Sabha Election campaigns
Al Jazeera report, teams across India’s political parties, including Prime Minister Narendra Modi’s Bharatiya Janata Party (BJP), and the Congress, are deploying deepfakes to influence voters. In recent months, the Dravida Munnetra Kazhagam (DMK), which governs Tamil Nadu, has used AI to resurrect its iconic leader M Karunanidhi from the dead, using lifelike videos of the former movie writer and veteran politician at campaign events. Between March and May, India’s nearly one billion voters will pick their next national government in the world’s, and history’s, biggest elections.
21.02 / 14:25
Moderna
Research
pandemic
reports
infection
Vaccines
Suffering from heart, brain disorders? Global study links COVID-19 vaccines with 13 medical conditions
COVID-19 vaccines that emerged as a beacon of hope in the fight against the deadly virus during the pandemic are back in the news again following a new study that has linked the shots to rare brain, heart and blood disorders, Vaccine, a science journal, reported last week. The journal reported that researchers from the Global Vaccine Data Network—a research arm of the World Health Organization—found that the COVID-19 vaccines aggravated 13 medical conditions that were considered “adverse events of special interest." The study conducted on 99 million vaccinated people from eight countries: Argentina, Australia, Canada, Denmark, Finland, France, New Zealand and Scotland, reported that people who received certain types of mRNA vaccines were found to have a higher risk of myocarditis, which is inflammation of the heart muscle.
21.02 / 14:01
Citi
Mobile
Software
trends
reports
rights
Where do stolen phones go? To IMEI ‘changers’; Police busts gang in Delhi
gang that allegedly changed the IMEIs — the unique identifiers of a handset — of stolen mobiles and arrested three individuals, reported TOI. The gang was active in west Delhi and aided several snatchers and mobile thieves, police said. The accused, identified as Narabjeet Singh (26), Manish Singh (23) and Gurmeet Singh (32), are residents of Tilak Nagar. Police seized 79 stolen phones along with a laptop containing software and other evidence from the suspects.
21.02 / 14:01
Citi
Provident
Waters
WhatsApp
reports
These areas in Hyderabad to face water shortage on Feb 22nd
TSPDCL) has announced scheduled maintenance work on the 132 KV Kandi-Peddapur feeder on Thursday, February 22. The maintenance will take place from 9:00 am to 5:00 pm and may impact the water supply in certain areas. The Kandi-Peddapur feeder is an essential part of the Singuru project, responsible for providing drinking water to Hyderabad. As part of the maintenance initiative, residents in the vicinity should anticipate partial interruptions in water supply, with some areas experiencing complete disruption. Areas affected by complete disruption include Sheikpet reserve, Borabanda reserve, Lingampa reserve, and on-line supply, in addition to Khanapur Gravity’s 1200 mm main line supply, as reported by The Siasat Daily.
21.02 / 14:01
markets
COST
UPS
economy
country
reports
International
World Bank warns emerging economies need to grow 'much faster' to repay debt
World Bank warned that high borrowing costs have «changed dramatically» the need for developing nations to boost sluggish economic growth. The multilateral lender's latest warning comes as international bond sales from emerging market governments hit an all-time record of $47 billion in January, led by less risky emerging economies such as Saudi Arabia, Mexico and Romania.
21.02 / 13:27
Citi
economy
Remark
Experts
reports
recommendations
Courts
NOT
Tamil Nadu to SC: Vedanta’s Sterlite Copper not a national asset
NEW DELHI : The Tamil Nadu government told the Supreme Court that Vedanta Ltd’s Sterlite Copper plant should not be considered a national asset or deemed necessary to reopen to fulfill the country’s copper demand. The state instead pointed to Adani Group’s forthcoming copper smelter plant in Gujarat as capable of fulfilling India’s copper demand. Since the Sterlite Copper plant in Tamil Nadu’s Thoothukudi city was shut in 2018 following violent protests, India has transitioned from being a net exporter to a net importer of copper.
21.02 / 13:27
FIVE
Death
President
reports
travelers
rights
UK freezes assets, bans travel for Russian prison bosses after Alexei Navalny's death
Vladimir Putin's critic Alexei Navalny on 16 February, following which the United Kingdom froze assets of six Russian prison bosses, who were reportedly in charge of the Arctic penal colony housing Navalny. According to media reports, the sanctioned six Russians, including the head and five deputy heads of the penal colony, will also be banned from travelling to UK.
21.02 / 12:49
markets
CEO
Platform
Strategy
show
reports
prevention
7 out of 10 employers prioritise quality work, KPIs over time-punching for productivity assessment: apna.co survey
jobs and professional networking platform apna.co showed. The survey also noted that 90% of employers acknowledge the importance of breaks in enhancing efficiency, with 13% emphasising the crucial role of encouraging regular breaks and leaves.
21.02 / 12:49
Analysis
Food
hospital
reports
Department
patient
Updates
Over 600 fall sick after eating prasad in Maha; patients get treatment on road with saline bottles hanging from rope
prasad' during a religious event in Lonar, Maharashtra's Buldhana district during the 'Harinam Saptah' festival at Somthana village. «Over 700 individuals fell ill due to food poisoning during a religious event in Buldhana, Nandurbar, and Hingoli districts. The district health departments reported that all patients are now in the process of recovery,» said All India News Radio on the recent update of food positing in Maharashtra. Owing to the large number of patients that needed urgent treatment, a makeshift hospital was created on the road where saline bottles were seen hanging on ropes.
21.02 / 12:49
FIVE
Action
information
reports
recommendations
International
Leak
Ammonia gas leak: Fertiliser company agrees to pay Rs 5.92 cr compensation, says TN Minister
environmental mitigation after Ammonia gas leaked from its sub-sea pipeline at Ennore creek near here in December 2023, state Environment and Climate Change Minister Siva V Meyyanathan said on Wednesday. The government will also consider the next course of action against the factory of the company, Coromandel International Ltd (CIL), after it implements all safety mechanisms recommended by the technical committee and the ratification is done by Tamil Nadu Pollution Control Board (TNPCB), he told the Assembly. The Minister was replying to a special calling attention motion on the gas leak issue moved by several parties which sought the permanent closure of the factory. He informed the Assembly that after a seven-member technical committee submitted a report, the TNPCB served a notice to CIL asking for a compensation of Rs 5,92,50,888 towards environmental mitigation. «The notice was served under section 5 of the Environment Protection Act, 1986, on February 2. The firm agreed to pay the sum,» Meyyanathan said.
21.02 / 12:20
markets
Provident
Aware
Research
wellness
show
reports
‘Sobering’ report shows increasing reach of fintech over traditional firms
Across America, people are twice as likely to know about fintech firms like Robinhood and Chime than they are to be aware of the latest services from well-established companies like JPMorgan, Goldman Sachs, Fidelity and Vanguard.
21.02 / 11:15
Platform
Healthcare
country
reports
Department
Schools
Reliance’s ‘Hanooman’: Mukesh Ambani-backed ChatGPT to be launched in March. Details here
artificial intelligence (AI) in India, the BharatGPT group backed by Mukesh Ambani’s Reliance Industries and top engineering schools in the country aims to launch its first ChatGPT-style service next month. The model is being developed in collaboration with Indian Institutes of Technology, and backed by Reliance Jio Infocomm and the Centre. The consortium — which includes Reliance and eight IITs—offered a sneak peek of the model during a recent technology conference in Mumbai.
21.02 / 11:15
Provident
Digital
Extreme
Platform
cover
reports
guidelines
Why the circular on withholding tax for online retailers needs more clarity
Multi-platform transactions: When transactions involve multiple e-commerce operators, such as Open Network for Digital Commerce or ONDC, the responsibility to deduct TDS falls on the operator directly engaged in payment transactions with the seller. For instance, a buyer-side e-commerce operator (ECO) facilitates interaction with the buyer, while a seller-side ECO manages interaction with the seller. In such scenarios, the seller-side ECO, responsible for making the actual or deemed payment to the seller, must deduct the applicable taxes.
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