Software Financial News

Markets regulator Sebi on Friday simplified the framework for asset management companies (AMCs) by reducing the requirement to upload draft SIDs to 8 working days from 21 days earlier. This is aimed at streamlining the process, reducing timelines, and enhancing investor protection while simplifying compliance for AMCs. Earlier, AMCs had to upload draft Scheme Information Documents (SIDs) on Sebi's website for 21 working days to receive public comments. Over time, the regulator has standardised and updated the format and content of SIDs to improve investor communication.

A well-curated and strong social media presence is just as crucial for a data scientist as it is for a marketing manager. The key lies in the way you use social media and its functions in your favor. Here are a few highly effective strategies to use social media to reach greater heights in your career journey.

US Congress was scrambling to avert a partial government shutdown on Friday, hours after more than three dozen Republicans rejected a demand by President-elect Donald Trump to use the measure to lift the nation's debt ceiling. Republican House of Representatives Speaker Mike Johnson was trying to plot a course that could pass both his chamber, with narrow Republican control, and the Democratic-majority Senate, as a midnight Friday (0500 GMT Saturday) funding deadline loomed. «We have a plan,» Johnson told reporters at the Capitol on Friday. «We're expecting votes this morning.»

Raj Bhawan Cholo protest earlier this month. Assam Chief Minister Himanta Biswa Sarma accused a few Congress leaders of attempting to create law and order issues, claiming they were trying to escalate tensions in Guwahati. «A couple of Congress leaders are trying to create problems,» Sarma said, adding that the protest was part of an effort to incite violence. Among those detained by the police were Congress State Unit President Bhupen Borah, Executive President Zakir Hussain, former APCC President Ripun Bora, APCC Social Media Chairman Ratul Kalita, and MLA Diganta Burman. They were taken to the 10th Police Battalion in Kahilipara for questioning.

While Monday’s 2024 Fall Economic Statement contained very little in the way of tax changes, the government did provide further details on its progress toward automatic tax filing, at least for some Canadians.

TeamLease Services on Friday announced that it has acquired stakes in outsourcing services TSR Darashaw and HR Tech software solutions provider Crystal HR and Security Solutions Private (Crystal HR) for Rs 42.6 crore. TeamLease Services has acquired 100 stakes in TSR Darashaw for Rs 17.6 crore, while it bought 30 per cent stakes in Crystal HR for Rs 25 crore, a company spokesperson told PTI. «Our acquisition of TSR Darashaw's payroll processing business and Crystal HR provides crucial infrastructure for our vision of becoming India's largest Human Capital Management (HCM) service provider.

Nirmala Sitharaman, Punjab and Kerala have requested for special financial packages among other demands by states, reported ETNow quoting its sources. Additionally, states have demanded higher allocation for 50 year interest free loans, request for more flexibility in the Special Assistance for Capital Investment scheme under this category. «States urged for an increase in borrowing limits to support fiscal activities and highlighted the need for state-specific road development projects,» said sources, according to the ETNow report.

Isuzu Motors has reached a production milestone by rolling out one lakh vehicles from its manufacturing facility near Chennai, the company said on Friday. A maroon Isuzu D-MAX V-Cross was rolled off the assembly line, marking the occasion at the facility located in Sri City, Tada, about 100 km east of Chennai. Isuzu Motors India began operations in 2016 and, in 2020, launched its phase-II operations with the inauguration of a state-of-the-art press shop facility and an engine assembly plant. «At Isuzu Motors India, we take immense pride in our journey here in India. Over the years, the company has achieved significant milestones in both production and exports. One key highlight is that about 22 per cent of our production line workforce comprises talented women,» company president and managing director Rajesh Mittal said.

Mufasa: The Lion King', directed by Oscar-winning Moonlight filmmaker Barry Jenkins, is a prequel to 2019's «live action» remake of The Lion King. The movie takes the viewers back to a time when Mufasa and Taka — as Scar was once known — were but young cubs roaming the plains together. The tale is told in flashback to Kiara (Blue Ivy Carter, making her acting debut), the young offspring of Simba (Donald Glover) and Nala (Beyoncé), who've left their daughter — and the rest of the movie — in the babysitting paws of Timon (Billy Eichner), Pumbaa (Seth Rogen) and the wise mandrill Rafiki (John Kani). Amid high anticipation, Mufasa: The Lion King opened to mixed reviews from the critics. However, the advance booking report for the opening day looked impressive. According to a tweet by trade analyst Sumit Kadel, Mufasa: The Lion King is expected to open to a whopping nett collection of somewhere between Rs 10-12 cr in India amid the Pushpa 2 craze, reports Filmibeat. ALSO READ: Amid Prince Harry-Meghan Markle divorce buzz, Duchess of Sussex's shocking allegation against King Charles, Queen Camilla

Nitish Kumar as its leader in the assembly polls due next year. Speaking to the media after a meeting held here to bring about better coordination at the grassroots level, state presidents of parties including the BJP, Kumar's JD(U) and Union minister Chirag Paswan's Lok Janshakti Party (Ram Vilas) also rubbished suggestions triggered by Union Home Minister Amit Shah's recent statement. Dilip Jaiswal, state minister and Bihar BJP chief said, «We should understand that Amit Shah was trying to underscore that he was a 'karyakarta' (worker) of a party in which big decisions are taken by the parliamentary board». «But, the leadership role of Chief Minister Nitish Kumar had been a given for long. There is no question of going back on that,» asserted Jaiswal.

Shriram Finance, India's second-largest Non-Banking Financial Company (NBFC) on Friday announced that it has consolidated all its green financing initiatives under Shriram Green Finance with Rs 5000 crore Asset Under Management (AUM) target for the nw vertifical over the next four years. The green finance vertical will be built through financing electric vehicles (EV), including two-wheelers, battery charging stations and renewable energy products, the NBFC's top executives said at a media conference, adding that, “building on its existing expertise in financing electric vehicles, Shriram green finance will provide sharper focus and clarity to its sustainability efforts.” The vertical aims to raise global and domestic funds which are focussed on green investments for onward lending with an initial focus on Karnataka, Kerala, National Capital Region (NCR) and Maharashtra. “The company is actively engaging with OEMs manufacturing EVs to establish long-term partnerships, ensuring seamless and accessible vehicle financing solutions,” the company said.

Qila said it will expand into the US markets by introducing advanced web3 solutions such as blockchain and tokenization, that serves foundational aspects of the technology, ensuring transparent and traceable systems across sectors. It aligns with the core philosophy of Qila that helps enterprises to build trust and enhance their value proposition for customers. “We are undertaking pilot projects and are in talks with different strategic partners based out of the US. Our Web3 private cloud is up and running which offers robust data security and data localisation for the enterprises. We are planning to participate in many upcoming events to promote the adoption of web3 solutions,” said Siddharth Ugrankar, founder at Qila. Qila’s solutions are cross-sectoral but are focused on particular areas such as increasing transparency and traceability in supply chain, improving data security and interoperability in healthcare, boosting customer engagement through tokenization in retail, facilitating secure credentialing and identity management in education and blockchain authentication against counterfeiting in luxury goods.

Freshworks founder Girish Mathrubootham sold shares in the software-as-a-service (SaaS) company amounting to nearly $40 million, filings made with the US Securities and Exchange Commission (SEC) showed. Mathrubootham, who stepped down as the chief executive officer (CEO) of Freshworks, sold a total of 2.5 million shares in two tranches on December 18 and 19, the filings showed. Prior to this, he owned around 5% stake in the company. Mathrubootham is currently the chairman of the board of directors at Freshworks and was replaced by Dennis Woodside for the CEO position.

Tesla is recalling almost 700,000 vehicles because of an issue with the warning light on the tire pressure monitoring system

New York Times daily word game Connections. The game, which challenges players to group words into logical categories, has gained immense popularity since its debut. For those tackling today’s challenge, here’s everything you need to know about the NYT Connections for December 20, 2024, as mentioned in a report by Forbes.

violence against Hindus and other minorities have been reported in Bangladesh this year till December 8, and India's expectation is Dhaka will take necessary measures to ensure their safety, the government said on Friday. Minister of State for External Affairs Kirti Vardhan Singh gave the information in a written response to a query in Rajya Sabha, citing data from minority and human rights organisations. In Pakistan, the number of cases of violence against Hindus and other minorities in Pakistan this year stood at «112 till October 2024,» the MoS said. The corresponding figures for 2022 were 47 in Bangladesh and 241 in Pakistan, while in 2023 the figures were 302 in Bangladesh and 103 in Pakistan, according to the data he shared.

non-tariff barriers being faced by its domestic industry in the European Union (EU) and emphasised the need to address long pending issues as a confidence building measure under the bilateral free trade agreement (FTA) talks, the government said Friday. The issue were discussed during a meeting between commerce and industry minister Piyush Goyal and European Commissioner for Trade and Economic Security Maros Sefcovic last night virtually. “Goyal underlined that non-tariff barriers were impeding trade and emphasized the need to address long pending issues as a confidence building measure. Both sides agreed to explore a balanced, equitable, ambitious and mutually beneficial FTA,” the commerce and industry ministry said in a statement.

state government employees specific days off throughout the year, as authorized by Section 25 of the Negotiable Instruments Act of 1881. In Maharashtra, only banks will have a holiday on Tuesday, April 1, 2025, solely to close their annual accounts. Government offices are exempt from this holiday. Also Read: Andhra Pradesh public holidays 2025 announced: Check Andhra Pradesh state government holiday list for 2025

alimony case, domestic violence and divorce petition, all of them. The wife even filed an FIR against his 85-year-old father, his son from first marriage, his aunt's son, his relatives and his ex-wife who lives in the USA. There was also a twist in this case as the lawyer representing the wife said she wanted to get back with him. However, the husband declined this offer and sought divorce on the ground of cruelty. Moreover, the husband filed a police complaint against his wife claiming that she threatened him with dire consequences like taking her own life and filing false criminal cases against him and his family. The primary reason behind the long police, family court, supreme court proceedings was demand for more alimony by wife after taking Rs 12 lakh from her husband during the course of their married life. This was despite his wife having Rs 1.05 crore worth of bank FDs, cash, etc. His wife argued that he had both the means and ability to provide more alimony. She also claimed that her husband had Rs 5,000 crore worth of assets, a USA based business and multiple house properties in Pune, Bhopal and in other cities. While the husband was ready to offer Rs 20 to 40 lakh as permanent alimony, his wife demanded at least Rs 500 crore and one of the properties owned by the husband's 85-year-old father.

Google CEO Sundar Pichai to the company's employees in an all-hands meeting on Wednesday, reports Business Insider. The changes were made by the Google over the past couple of years to simplify the company and be more efficient, two people said on the condition of anonymity. A Google spokesperson told the Business Insider that some employees whose positions had been cut would be «transitioned to individual contributor roles», while some others were «role eliminations». ALSO READ: Elon Musk, Sundar Pichai rave over Willow, Google's new 'mind-boggling' quantum computing chip. 'It's so cool', say netizens