Software Financial News
22.12 / 09:37
markets
Provident
Software
Election
PAM
volunteers
Kejriwal announces doorstep registration for women, elderly welfare schemes starting Monday
Mukhya Mantri Mahila Samman Yojana, which will provide monthly assistance of Rs 1,000 to women in the city, will begin tomorrow. In its 2024-25 budget, the Delhi government had announced this scheme to provide Rs 1,000 per month to all women aged above 18. However, Kejriwal recently announced that the amount would be raised to Rs 2,100 if his party returns to power in the assembly elections, slated for February next year.
22.12 / 09:37
Citi
Software
PAM
AVP
hospital
reports
Investigations
Helicopter crashes into Turkish hospital, killing four
«The helicopter fell to the ground after having struck the fourth storey of a hospital during take-off,» killing two pilots, a doctor and an employee on board the vehicle, Mugla provincial governor Idris Akbiyik said. «There was intense fog,» Akbiyik said, adding that the authorities were investigating the accident's cause.
22.12 / 09:37
UPS
Digital
Software
awards
PAM
innovations
CII seeks reforms in India's priority sector lending framework
Arguing that current Development Finance Institutions (DFIs) like SIDBI and NaBFID (National Bank for Financing Infrastructure and Development) have their roles cut out as they have earmarked sectors to finance, the chamber also suggested setting up of a high level committee to look at the revision of PSL norms and explore the need for any new DFIs to cater to some of the new and emerging sectors. Priority Sector Lending is a policy tool aimed at ensuring that key sectors crucial to the nation's development receive adequate financial support. Mandated by the Reserve Bank of India (RBI), PSL obligates banks to allocate a specified proportion of their loans to sectors such as agriculture, education, housing, and small industries.
22.12 / 09:37
markets
SEC
Software
awards
Albemarle
PAM
Indian Oil Corporation probes allegation of US firm bribing its officers
Indian Oil Corporation (IOC) has begun a probe into allegations of a US speciality chemicals firm bribing its officials 15 years back to obtain contracts to supply catalysts, according to a company's regulatory filing. Albemarle Corporation, a global speciality chemicals supplier that develops and sells catalysts used in the operation of oil refineries, allegedly «paid approximately USD 1.14 million in commission to India intermediary company relating to Indian Oil Corporation business and obtained approximately USD 11.14 million in profits on that business between approximately 2009 and 2011,» according to a US SEC order dated September 28, 2023. Albemarle was caught for bribery by the US authorities in 2017 and then settled the case in September 2023 by paying a hefty fine of more than USD 198 million to avoid prosecution. In a filing, IOC said it is «neither party to nor is there any allegation against the company in relation to the proceedings» in the US SEC.
22.12 / 09:37
markets
Target
security
Strategy
Software
strain
How Pakistan used blackmail to pressure the US on India, leading to the creation of the killer Washington missile
United States and Pakistan have escalated recently following revelations that Pakistan is developing long-range nuclear missiles capable of reaching major US locations. This includes efforts to build intercontinental ballistic missiles (ICBMs), a move that has raised alarms in Washington. US Deputy National Security Advisor Jon Finer disclosed that Pakistan had falsely presented its space programme as a cover for its missile development, a strategy that was eventually uncovered by the US. In response, Washington imposed strict sanctions on companies linked to Pakistan's missile programme.
22.12 / 09:37
markets
Aviat
Airlines
Software
Sustainability
Traffic
International
India has potential to be key sustainable aviation fuel producer, says IATA official
sustainable aviation fuel by utilising its ethanol supplies and availability of lipids feedstocks like non-edible industrial oils, according to a senior official at the global airlines' grouping IATA. With decarbonisation in focus, efforts are being made to reduce emissions and over the years, Indian carriers have operated some flights with a blend of Sustainable Aviation Fuel (SAF) and traditional Aviation Turbine Fuel (ATF). Hemant Mistry, Director of Net Zero Transition at the International Air Transport Association (IATA), said the ecosystem for SAF has developed but there is more work to be done.
22.12 / 09:37
markets
Provident
Assurant
Software
Experts
War
information
Indian Army pays condolences to Tashi Namgyal, first informant of 1999 Kargil War
Indian Army on Sunday extended condolences to the family of Tashi Namgyal, the Ladakhi shepherd who is credited with alerting Indian troops about Pakistinfiltration during the 1999 Kargil conflict. Namgyal passed away yesterday in central Ladakh's Aryan Valley. In a post on X, the Fire and Fury Corps official handle said the Indian Army shall remain indebted to his contribution to the nation, and his selfless sacrifice shall forever be remembered.
22.12 / 09:37
markets
Citi
CEO
Software
wellness
PAM
Delhi-NCR housing market remains buoyant; sales up 25%, supply rises 59% in Oct-Dec: PropEquity
New supply in Delhi-NCR is set to increase 59 per cent to 11,223 units in the current December quarter from 7,072 units in the corresponding period of the previous year. Among nine major cities across India, Delhi-NCR is the only market where sales and new supply are estimated to rise during the current quarter, real estate data analytics firm PropEquity's data showed.
22.12 / 06:29
markets
Target
Digital
Software
students
Schools
Courts
Students wanted to postpone exams, sent bomb threats to their own schools: Delhi Police
Delhi Police on Sunday said that bomb threat emails sent to two schools in Rohini were sent by their own students. According to the police, both students sent threat emails as they wanted to postpone their exams because they were unprepared. «After investigation by the Special Cell of Delhi Police, it was found that the emails were sent to both schools by two different students of the same school. Both students had sent this email to stop the exam because they were not prepared for the exam paper,» Delhi Police said.
22.12 / 06:29
markets
Digital
Software
Pool
Healthcare
Trade
innovations
2025 playbook for stock investors: Track these 3 powerhouse sectors
digital revolution in healthcare, ripple effects of the infra boom, and Artificial Intelligence (AI) technology-driven transformation. While global markets grapple with persistent inflation and geopolitical tensions, India’s domestic growth engine remains robust, bolstered by a substantial middle class, increased manufacturing capacity, and strategic policy reforms. The key to success will lie in identifying sectors that benefit from these structural tailwinds, which will ultimately drive investor returns.
22.12 / 06:29
markets
Action
Strategy
Software
Sustainability
reports
Interviews
Qatar vows to stop EU gas sales if fined under due diligence law, FT reports
Qatar will stop shipping gas to the EU if member states strictly enforce a new law cracking down on forced labour and environmental damage, Energy Minister Saad al-Kaabi told the Financial Times in an interview published on Sunday. The Corporate Sustainability Due Diligence Directive, approved this year, requires larger companies operating in the European Union to check whether their supply chains use forced labour or cause environmental damage and to take action if they do. Penalties include fines of up to 5% of global turnover. «If the case is that I lose 5% of my generated revenue by going to Europe, I will not go to Europe. I'm not bluffing, Kaabi told the newspaper, adding that „5% of generated revenue of QatarEnergy means 5% of generated revenue of the Qatar state. This is the people's money, so I cannot lose that kind of money — and nobody would accept losing that kind of money.“
22.12 / 06:29
markets
Digital
Software
BTS
awards
show
performer
A bar, a karaoke set, and even a DJ set: What's inside BTS member Jungkook's new house
During the livestream, Jungkook gave fans a virtual tour of his house, showcasing a bar, a DJ area, and a karaoke setup. The house featured modern furniture and a large screen. He also showed off personal items like Hello Kitty plushies. “Jungkook's new house tour. The bar, the karaoke set, DJ set everything is so damn cool. Totally JEON JUNGKOOK style,” one fan commented online. Another fan said, “Jungkook is so best friend coded! It’s like he’s on Facetime with me and millions of others, giving a house tour and doing karaoke.”
22.12 / 06:29
markets
Digital
Software
Election
electronic
prevention
Videos
Modi govt's ' calibrated erosion' of EC's integrity: Kharge on election rule
Mallikarjun Kharge on Sunday hit out at the government for tweaking an election rule to prevent public inspection of certain electronic documents, alleging it is part of the Modi government's «systematic conspiracy» to destroy the institutional integrity of the Election Commission. Kharge also said the Modi government's «calibrated erosion» of the ECI's integrity is a frontal attack on the Constitution and democracy. The government has tweaked an election rule to prevent public inspection of certain electronic documents such as CCTV camera and webcasting footage as well as video recordings of candidates to prevent their misuse. Based on the recommendation of the Election Commission of India (ECI), the Union law ministry on Friday amended Rule 93(2)(a) of the Conduct of Election Rules, 1961, to restrict the type of «papers» or documents open to public inspection.
22.12 / 06:29
markets
Digital
security
Software
Matthews
Boxing
testing
Boxing Day Test: Fans wait for Kohli's 'Kingly' outing at MCG
Virat Kohli's unbeaten 82 off 53 balls helped India snatch a victory from the jaws of defeat, and now he is back at the G, looking for another redemption act. Kohli made a bright beginning to the ongoing Border-Gavaskar Trophy against Australia with a second innings hundred at Perth. But since then he has hit the snooze mode, producing just 26 runs over the next four innings across Adelaide and Brisbane Tests.
22.12 / 05:57
markets
Strategy
Software
Election
Experts
Schools
Delhi polls: Aaley Muhammad Iqbal to replace father Shoaib Iqbal as Matia Mahal's AAP candidate
Shoaib Iqbal as its candidate for Delhi's Matia Mahal Assembly constituency in the upcoming polls, the Aam Aadmi Party (AAP) is set to replace him with his son, Aaley Muhammad Iqbal, sources said on Sunday. The ruling party fielded incumbent Shoaib Iqbal from Matia Mahal when it released its fourth list of candidates for the Delhi assembly elections on December 15. The sources claimed former Delhi Deputy Mayor Aaley is set to replace his father as AAP's candidate, as Shoaib has expressed his inability to contest the election.
22.12 / 05:57
markets
Digital
Software
Remark
Election
War
Courts
Bareilly court issues notice to Rahul Gandhi over caste census remark
The notice comes in response to a petition filed by Pankaj Pathak, who alleged that the remarks were like an «attempt to start a civil war in the country.» «We felt that the statement given by Rahul Gandhi during the elections on caste census was like an attempt to start a civil war in the country».
22.12 / 05:57
markets
COST
Airlines
Strategy
Software
reports
travelers
'No value of loyalty': US airline downgrades first-class passenger to make room for a dog
A US airline is in the line of fire for downgrading a first-class passenger. Reason — a dog. Reportedly, a Delta Air Lines passenger was moved from a first-class seat to make room for a service dog, which has now sparked a heated online debate. The incident happened recently on a Delta flight, according to a report of the New York Post.
22.12 / 05:57
markets
UPS
Ball
Software
Bill
President
show
View: US government shutdown threat shows Muskis Trump's wrecking ball
US government has just narrowly avoided a shutdown — and the speculation, confusion and concern around tech titan Elon Musk’s power in Washington is rampant. So rampant that President-elect Donald Trump’s incoming press secretary was forced to clarify. “As soon as President Trump released his official stance on the CR, Republicans on Capitol Hill echoed his point of view,” Karoline Leavitt explained about the plan to keep the government funded, known as a continuing resolution.“President Trump is the leader of the Republican Party. Full stop.” This was not entirely convincing. It was not convincing because Musk, who gave Trump’s reelection effort a quarter of a billion dollars, has emerged as an unexpected, unelected and uncontrollable political powerhouse. He derailed the bipartisan plan to keep the government open and put Speaker of the House Mike Johnson’s job in jeopardy by posting to his 200 million followers on X, the platform he owns.
22.12 / 05:57
markets
COST
Digital
Platform
Software
Reddit
social
"60 hours is normal?": Former Amazon exec faces backlash after praising Bengaluru team’s “insane” 3am meetings
Amazon executive, has sparked a debate on the demanding work culture in India, especially in global organisations. Broda shared his observations about his Indian colleagues in Bangalore, whose work ethic stood out during his time at Amazon. His post has gone viral, drawing attention to the long hours worked by employees in Indian offices, igniting discussions across various social media platforms like LinkedIn and Reddit.
22.12 / 05:57
markets
Digital
Software
Election
Trade
Courts
UK 2024: Rishi Sunak exits Downing Street, successor Keir Starmer revives hope for free trade agreement with India
Rishi Sunak surprised many within his own Conservative Party by calling an earlier-than-expected election on July 4 — exactly a month on from a third term win for Prime Minister Narendra Modi's National Democratic Alliance. This meant the FTA talks, having entered their 14th round of intense negotiations, slipped into a more uncertain phase until the new Labour Party-led government committed itself to «deepening our bilateral ties». «We agreed to raise the ambition of our UK-India comprehensive strategic partnership… Crucially, this work will start with trade and investment, and I am pleased to say that we agreed to relaunch Free Trade Agreement negotiations early in the new year,» said newly-elected British Prime Minister Keir Starmer after his first meeting with Modi on the sidelines of the G20 Summit in Brazil last month.
22.12 / 05:57
markets
Twitter
Platform
Software
Election
President
social
“President Musk?”: Stephen King slams Elon Musk’s increasing influence over Donald Trump, says its 'dangerous' for Americans
Elon Musk on the incoming administration. Although Musk is constitutionally ineligible to run for president due to his foreign birth in Pretoria, South Africa, King has pointed out that Musk’s role in shaping the future of the United States has been undeniably significant.
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