Software Financial News

billionaire entrepreneurs over the next decade, mirroring like China's growth in billionaires until 2020, says a report by UBS. The report noted that the key factors such as rapid urbanization, digitalization, expanding manufacturing capabilities, and preparations for the energy transition are driving this momentum. It said «It may well be that India's billionaire entrepreneurs multiply over the next 10 years just as China's did in the years until 2020».

Navodaya Vidyalayas (NVs) across India, Prime Minister Narendra Modi on Saturday said that the government is committed to providing school education to every section of the society in accordance with the National Education Policy. «We are committed to providing school education to every section of the society in accordance with the National Education Policy. In this regard, our government has approved 28 new Navodaya Vidyalayas across the country. This will expand residential and quality school education on a large scale,» PM Modi posted on X. On Friday, the Union Cabinet approved the establishment of 28 new Navodaya Vidyalayas (NVs) in districts that are currently not covered by the Navodaya Vidyalaya Scheme.

US Congressman Jay Obernolte said the Federal Energy Regulatory Commission should move speedily in crafting rules that encourage the expansion of AI and its need for large amounts of electricity, including by clearing the way for so-called co-located AI data centers. «As their energy requirements increase, the development of co-located energy production will be instrumental in mitigating grid strain, improving resilience, and reducing carbon emissions,» wrote Obernolte, a Republican from California.

When some plants are dehydrated or under some other form of stress, they cry a mournful melody made of ultrasonic clicks. Some moths are able to hear those clicks, and researchers now say they have discovered that the insects may interpret the sounds as a cue to choose on which plant to lay their eggs. The finding was described in a paper that was published online last month and has been submitted to the journal eLife. «This is new,» said Rya Seltzer, an entomologist at Tel Aviv University in Israel and an author of the study. «Plants emit sounds, and insects are really listening to that. They're tuned to that specific sound, and they know the meaning, and they consider it.»

China's trade restrictions on strategic minerals are starting to hit Western companies where it hurts. Blaming Beijing's curbs on antimony exports announced in August, German chemicals and consumer goods heavyweight Henkel told customers last month it had declared force majeure and suspended deliveries of four types of adhesives and lubricants widely used by automakers, according to a Nov. 8 letter to clients reviewed by Reuters. Henkel uses the silvery metal to make its Bonderite and Teroson-branded products, core parts of the company's adhesive technologies division, which brought in 10.79 billion euros ($11.4 billion) in revenue last year.

While the senior living industry in the country is still in the nascent stage, companies that are currently providing such services are increasingly looking at the government to offer some relief at the policy level. Speaking on the sidelines of Association of Senior Living India's Ageing Fest in Bengaluru, association chairman Ranjit Mehta told ET: «There’s no single nodal agency — we currently deal with the Ministry of Social Justice, Urban Affairs and Housing, and Health. We’ve requested the government to streamline this.»

Palantir Technologies and defense tech company Anduril Industries have partnered to use defense data for artificial intelligence training, the companies said on Friday. The partnership will leverage Palantir's AI platform to structure, label and prepare defense data for training to deploy those models onto national security systems, while Anduril's systems will aid in the retention and distribution of government defense data. Companies across sectors have increasingly shifted focus toward AI to automate their workflows. However, its application in defense is still nascent, as data needed to train models in the sector is sometimes sensitive.

TikTok, which is owned by Chinese company ByteDance, have prompted the U.S. government to pass legislation banning the social media platform unless it is sold to a government-approved buyer. President Joe Biden signed into law legislation that gives ByteDance up to a year to divest from TikTok. The company lost its first legal effort to overturn the law on Friday, when a panel of three federal judges unanimously rejected TikTok's argument that the law violated the First Amendment. The company pledged to appeal the decision to the Supreme Court. TikTok, which boasts 170 million users in the United States, could be banned as soon as mid-January, unless it receives a court-ordered injunction that would pause the law from taking effect as the appeal proceeds. There is also a chance that President-elect Donald Trump will try to rescue the app.

The Consumer Financial Protection Bureau announced the step saying it had determined services offered by Google Payment had posed a risk to consumers. The regulator's step and the subsequent lawsuit marked a government tussle with a Silicon Valley behemoth in the final weeks of President Joe Biden's administration. The regulator's move could be reversed after President-elect Donald Trump returns to the White House in January.

UN General Assembly draft resolution that was unanimously adopted to proclaim December 21 as World Meditation Day. India, including Liechtenstein, Sri Lanka, Nepal, Mexico and Andorra, was a member of the core group of countries that guided the unanimous adoption of the resolution titled 'World Meditation Day' in the 193-member UN General Assembly on Friday. «A day for comprehensive well-being and inner transformation! Glad that India along with other nations of the core group guided the unanimous adoption of the resolution on the declaration of December 21 as World Meditation Day @UN General Assembly today (Friday),» India's Permanent Representative to the UN Ambassador Parvathaneni Harish said in a post on X.

Australia has replaced its Temporary Skills Shortage Visa with the Skills in Demand (SID) Visa starting December 7, the Department of Home Affairs announced. The new visa program features three streams: Specialist Skills Pathway, Core Skills Pathway, and Essential Skills Pathway. The Core Skills Pathway, designed for workers earning between AUD 70,000 and AUD 135,000, will utilize a new list of 456 in-demand occupations. This list includes jobs in sectors like health, education, construction, agriculture, and technology. Examples of listed occupations range from cooks and dog trainers to medical professionals and software engineers. Core Skills Occupation List

World War III. And, coming to occasion is a map, that has predicted some of the US cities that could be devastatingly affected by nuclear strikes on US soil, if a World War III situation indeed happened.

UnitedHealthcare CEO Brian Thompson was fatally shot Wednesday doing something countless other American executives routinely do: Walking unaccompanied to an investor event held by his company.

Info-x Software Technology Pvt Ltd, through its director Rishi Parti, has bought a 16,000 sq ft penthouse at DLF's ultra-luxury The Camellias in Gurugram for ₹190 crore in one of the costliest apartment transactions in the country. The deal was registered on December 2, and the company paid ₹13 crore stamp duty for the transaction, showed documents accessed through CRE Matrix, a real estate data analytics firm. In October 2023, ET reported about the first ₹100-crore transaction in the same residential complex located at the Millennium City's Golf Course Road.

«India is one of the fastest-growing markets from the standpoint of consumers blending their consumption habits across shopping, entertainment, education, and experiences. I think all these dimensions evolve at a faster pace in India, which is exciting for marketers,» he added. Owned by advertising giant WPP, VML is the world's largest creative advertising company formed through the merger of Wunderman Thompson and VMLY&R in October 2023. It operates 150 offices in 64 markets, employing over 26,000 people globally.

Stellantis is recalling more than 300,000 Ram Heavy Duty pickup trucks because a faulty part could cause certain braking and tracking systems to fail

The instructor told him he would not take the test. The student asked, 'Do you know who I am?'

Brad Pitt and Ines de Ramon are enjoying a happy and exciting chapter in their relationship, fueling speculation of an engagement being on the horizon. After a year of dating, the couple seems deeply committed, with sources revealing Brad's seriousness about their future. Their relationship follows years of legal and emotional struggles for Brad, including his decade-long divorce battle with Angelina Jolie. Brad Pitt, 60, has found happiness with Ines de Ramon, 34, after debuting their relationship in early 2024. The couple is reportedly living together and has been spotted frequently, including attending Leonardo DiCaprio’s 50th birthday party. According to a source, Brad values Ines for her support and the bond they share, calling her someone who “ticks every box” for him. Also Read: Taylor Swift's final Eras Tour concert: Here's date, time, venue and everything you need to know

ByteDance to divest its popular short video app TikTok in the United States by early next year or face a ban. Here is what will likely happen next for TikTok. TikTok and its parent ByteDance sued in federal court to block a US law passed in April that would force ByteDance to divest of TikTok. It argued that the law would harm free speech.

Zerodha's chief executive, Nithin Kamath, said on Friday that those investing in senior care ventures need to view it as a journey of 15-20 years rather than the traditional startup cycles of 7-10 years. Entrepreneurs need to focus on steady growth rather than rapid scaling, he said. “This isn't about catching a trend. The key is not to build short-term. You're trying to build something before the market fully develops,” he said, speaking at the Association of Senior Living India’s Ageing Fest in Bengaluru. He emphasised the need to mainstream the idea of ‘senior care’ and bring more awareness to remove the social stigma that exists in society. “There needs to be more effort to build beyond the top 25%,” he added.