Reports Financial News

LinkedIn's lead privacy regulator in the 27-nation EU, the Dublin-based commission conducted an investigation that concluded the professional networking site lacked a lawful basis for collecting user data intended for targeted online advertisements, added the AP report. This violation of the General Data Protection Regulation (GDPR) represents a serious infraction of the right to data protection within the EU.Reportedly, Deputy Commissioner Graham Doyle emphasised the severity of the situation, stating that processing personal data “without an appropriate legal basis is a clear and serious violation" of established privacy rights.

Subscribe to enjoy similar stories. Mumbai: Early last year, Ecom Express’s investors were looking for a successor to take over the reins from T.A. Krishnan, the third-party logistics (3PL) company’s co-founder and chief executive.

Rogers Communications Inc., Canada’s largest wireless company, says it’s close to a $7 billion structured equity investment to finance parts of its network and reduce its debt load.

The Bank of Canada supersized its fourth consecutive interest rate cut to 50 basis points from the standard 25 basis points, bringing its benchmark lending rate below four per cent for the first time in two years.

BEIJING — Chinese smartphone company Oppo is doubling down on artificial intelligence as it holds weekly talks about AI with senior management at Google and Microsoft in the run-up to the launch of its flagship phone overseas.

Equifax Inc. is launching a program to allow newcomers to transfer their foreign credit history to Canada.

Asus ROG Phone 9 and ROG Phone 9 Pro. Both models appear to retain the distinctive boxy design of their predecessors, complete with a flat frame and a triple-camera setup on the rear.According to a recent report from 91Mobiles, the ROG Phone 9 Pro has been showcased in a sleek black finish, featuring a textured back panel reminiscent of previous models in the series.

Subscribe to enjoy similar stories. India's largest household goods company Hindustan Unilever Ltd’s (HUL) struggle with muted volume growth is turning into a persistent concern. In the September quarter (Q2FY25), underlying volume growth stood at 3%, missing analysts' expectation of 5%—hinting that India’s much-touted consumption story may be losing momentum.

forthcoming MacBook Air will likely retain a design akin to the current models, which debuted in 2022, but will incorporate the advanced M4 chip. The new 13-inch and 15-inch variants, codenamed J713 and J715, are expected to enhance performance and improve the handling of artificial intelligence tasks.In an unusual move, Apple reportedly plans to update its entire range of Mac computers to the same chip generation, namely the M4.

Blinkit, the quick-commerce arm of food delivery major Zomato, has introduced an option to purchase items on equated monthly instalments (EMI). “EMI options will be applicable on all orders above Rs 2,999 (except orders that contain gold and silver coins),” Blinkit chief executive Albinder Dhindsa wrote in a post on microblogging platform X. This is similar to ecommerce platforms, which have been offering EMI options for a while. The move is aimed at making purchases more affordable for consumers, driving higher spending, especially for big-ticket items.

paddy procurement in Punjab due to a shortage of storage space. Over the next three to four months, the Centre will move around 40 lakh tonnes of rice from the state to other rice-consuming regions, and plans are underway to create additional space for another 20 lakh tonnes, ToI reported. This move aims to ease the storage crunch and ensure smooth paddy procurement for farmers. The Food Corporation of India (FCI) will begin weekly transportation of rice stocks from Punjab to other states, helping free up space in the state’s warehouses. This decision follows a meeting between Union Food Minister Prahlad Joshi and Punjab Chief Minister Bhagwant Singh Mann, where Mann raised concerns about the lack of storage facilities. He highlighted how the shortage was affecting paddy procurement from mandis (local markets), leading to frustration among farmers. In response, Joshi assured that the Centre would act swiftly to move surplus stocks and ensure that the targeted 120 lakh tonnes of paddy from Punjab would be procured.

Go Digit General Insurance posted a net profit of Rs 89.4 crore for the July-September quarter, up 222% from Rs 27.7 crore a year earlier. The new-age general insurance company reported a gross written premium of Rs 2,368.5 crore in the September quarter, up 14% from Rs 2,073.8 crore a year back. In a filing with the stock exchanges, the Fairfax-backed insurance company said it has reappointed its founder Kamesh Goyal as the non-executive chairman for a period of five years from October 24, 2024, subject to insurance regulator IRDAI’s approval.

Russia moved to ratify a key defence pact with North Korea on Thursday, while South Korea warned it would not «sit idle» if Pyongyang deployed thousands of troops to help Moscow fight Ukraine. Seoul's spy agency says thousands of North Korean soldiers are currently training in Russia and are likely to deploy to the front lines in Ukraine soon, with thousands more to be sent by December. Lawmakers in Russia's lower house of parliament voted unanimously on Thursday to ratify a treaty with North Korea that provides for «mutual assistance» if either party faces aggression.

Turkiye struck suspected Kurdish militant targets in Syria and Iraq for a second day on Thursday following an attack on the premises of a key defense company which killed at least five people, the state-run news agency reported. The National Intelligence Organization targeted numerous «strategic locations» used by the Kurdistan Workers' Party, PKK, or by Syrian Kurdish militia that are affiliated with the militants, the Anadolu Agency reported. The targets included military, intelligence, energy and infrastructure facilities and ammunition depots, the report said. A security official said armed drones were used in Thursday's strikes. On Wednesday, Turkiye's air force carried out airstrikes against similar targets in northern Syria and northern Iraq, hours after government officials blamed the deadly attack at the headquarters of the aerospace and defense company TUSAS, on the PKK. Defence Minister Yasar Guler said Thursday that 47 alleged PKK targets were destroyed in Wednesday's airstrikes — 29 in Iraq and 18 in Syria.

Oyo achieved a profit after tax of Rs 158 crore in the second quarter of the current fiscal ended September, founder Ritesh Agarwal told employees in a townhall on Thursday, sources said. Oravel Stays Ltd, the parent company of Oyo, had posted a loss of Rs 50 crore in the same period of the previous year. During the first quarter, Oyo's profit after tax stood at Rs 132 crore. This brings the company's H1 FY25 net profit to Rs 290 crore ($35 million), marking a turnaround from the Rs 91 crore net loss reported in the same period of the previous fiscal, the sources said.

Supreme Court expressed concern over the misuse of dowry harassment provisions, noting that various relatives of the husband are often implicated alongside the main accused, reported TOI. The court stated that «exaggerated versions» are prevalent in many complaints and urged courts to exercise caution in these cases to protect the innocent from unnecessary suffering. Acquitting a man in a dowry death case, Justices C.T. Ravikumar and Sanjay Kumar highlighted that he married the deceased's sister-in-law after the initial dowry harassment allegations arose, and emphasised that he could not be convicted simply because his wife was found guilty. According to the TOI report, the apex court and various high courts have previously flagged the issue of misuse of these provisions. They emphasised that general and vague allegations should not serve as grounds for prosecution, advising courts to approach such complaints with caution.

US presidential race is heating up, but national polls are saying only so much. Whether Democrat Kamala Harris is trailing or Republican Donald Trump is gaining ground, it’s all part of the competitive landscape, according to TOI. Here’s the deal: polls aren’t designed to predict winners. They can track shifts in voter sentiment, but with only a small number of truly persuadable voters, capturing those changes accurately is tricky. Voter opinions can shift before Election Day, and those horse race polls only reflect a snapshot in time. For instance, if one candidate has 48 per cent support and another has 45 per cent, that tiny margin might not indicate a significant difference at all. The Associated Press focuses less on horse race polling numbers because it believes they can exaggerate the importance of pre-election data, reported TOI. While election-year polls are useful for gauging public sentiment about candidates and issues, they don’t equate to actual election results. Even the freshest poll right before the election reflects opinions before the votes are cast.

Subscribe to enjoy similar stories. In India, we are taught to be busy, or at least convincingly play the part of looking busy. The art of being occupied round the clock starts right in childhood and is worn as a badge of honour throughout higher education and then one’s cut-throat work life.

Subscribe to enjoy similar stories. Elon Musk says Tesla will produce millions of robots and self-driving cars in the future that will propel the company’s market capitalization to stratospheric levels. How he will fund that future is coming under sharper scrutiny.

BPM) organisations must move beyond routine tasks and address more complex and strategic challenges while offering insights into the emerging skills that will define the future of work in this dynamic industry, a new report has said. As the sector undergoes rapid transformation driven by technological advancements, changing client expectations and new engagement models, the demand for specialised skills and redefined job roles has become more critical than ever, said the report, ‘BPM Shifting Gears: Shaping Tomorrow’s Skills and Careers’, jointly prepared by industry association Nasscom and job search portal Indeed. India’s BPM industry is steadily growing, generating $48.8 billion in revenue as of FY2024 while undergoing significant shifts from process management to delivering end-to-end transformation solutions.

Subscribe to enjoy similar stories. They say interest is dearer than the principal. Grandparents tend to dote on grandchildren more than their own.