Software Financial News

20.12 / 06:57
markets Software Trade Experts FLO Features International YES BANK and FICCI FLO launch YES PowherUp to aid women entrepreneurs
YES BANK, the sixth-largest private sector bank in India, in collaboration with FICCI FLO, South East Asia’s largest women’s chamber of commerce, announced the launch of YES PowherUp, a specialised MSME programme designed to empower women entrepreneurs in scaling their businesses. YES PowherUp offers a comprehensive suite of financial solutions tailored to the unique needs of women-led enterprises. The programme includes specialised SME loans, premium business accounts, international trade and forex services, investment opportunities, credit card options, and insurance plans. By addressing the specific challenges faced by women entrepreneurs, YES PowherUp aims to provide the necessary support for businesses to establish, grow, and succeed sustainably. Dhavan Shah, Head of SME Banking at YES BANK, said, in a statement, “India's MSME sector is witnessing unprecedented growth, with women entrepreneurs emerging as vital contributors to this dynamic ecosystem. Through our partnership with FICCI FLO, we are proud to launch YES PowherUp, a comprehensive and innovative MSME proposition tailored for women-led businesses. At YES BANK, we are deeply committed to enabling women entrepreneurs to thrive, offering them the tools and support needed to scale their ventures and shape India's growth story. Together, we aim to empower women entrepreneurs, fostering their financial independence and enhancing their impact on the economy."
20.12 / 06:57
markets Provident Digital Software President students Department US government shutdown: What will happen to your visa application?
And yet many of the routine functions of government — things like national defense, benefit checks and mail delivery — continue as usual. ALSO READ: H-1B visa overhaul gets White House nod, providing big relief for international students, entrepreneurs
20.12 / 06:49
markets Digital Software Death Research Universities Man with IQ higher than Einstein claims to know what happens after death
life after death has perplexed humanity for centuries, driven by a universal curiosity about what lies beyond the end. From philosophical theories to recent scientific advancements, the question continues to evolve with new perspectives.
20.12 / 06:49
markets Digital security Software awards show rights NARCL offer for JAL triggers Swiss challenge, a dozen entities interested
NARCL) for the debt-laden Jaiprakash Associates Ltd (JAL) has triggered a Swiss Challenge auction, with close to a dozen entities showing interest in acquiring the Noida-based conglomerate on an all-cash basis. Distressed aggregators such as the Kotak Mahindra Group-backed Phoenix ARC, US-based Ares Management Corp-backed Acre ARC (asset reconstruction company), Avenue Capital’s Arcil ARC and CFM ARC have expressed initial interest in submitting a bid, said senior executives of these entities. NBFC Capri Global and US-based alternative investment fund Cerberus Capital have also expressed interest, people familiar with the matter said. ET could not ascertain the names of all entities interested in the asset.
20.12 / 06:49
markets Digital security Software President singer US attorney behind Adani's bribery charges, Breon Peace, to resign as Trump returns
Breon Peace said he will step down Jan. 10, ending a stint as federal prosecutor that included high-profile cases such as singer R Kelly’s trial for sex-trafficking, a fraud indictment of Indian billionaire Gautam Adani and the criminal conviction of a US Congressman. Peace, a 53-year-old native of Brooklyn, New York, said in a statement Wednesday “it has been the honor of a lifetime to serve as United States Attorney.” He’ll be replaced as head of the Brooklyn office, known as the Eastern District of New York, by First Assistant US Attorney Carolyn Pokorny, according to the statement. He was appointed by President Joe Biden in 2021 and will leave before President-elect Donald Trump takes office Jan. 20.
20.12 / 06:33
markets Strategy Software Workday PAM reports Schools The dark side of Wall Street: Bankers turn to this addictive drug to get through gruelling 90-hour work weeks
prescription stimulants like Adderall to help them endure gruelling workdays that often extend beyond 22 hours. A recent investigation by The Wall Street Journal reveals how widespread the use of such substances has become among investment professionals, as they try to keep up with the relentless demands of their jobs. Stimulants such as Adderall, Vyvanse, and high-caffeine energy drinks are reportedly common tools used by young bankers to stay alert during marathon work hours.
20.12 / 06:33
markets COST Strategy Software PAM consequences Schools Realty developers urge govt to reconsider proposal to bring FSI, additional FSI under GST
Realty developers’ body CREDAI has written to the finance minister Nirmala Sitharaman urging a review of the proposal as the move would result in a substantial incremental impact on project costs, pushing housing prices up by around 10% across various property markets of the country. “FSI/ additional FSI charges constitute a significant part of the project cost, and the proposal to impose 18% GST on such charges could prove to be counterproductive and act as a deterrent to housing supply and demand, owing to additional financial obligations and increasing housing prices as a direct consequence. We strongly request and recommend to the Government to keep the FSI charges exempt from GST,” said Boman Irani, president, CREDAI.
20.12 / 06:33
markets Strategy Software Boxing testing cricket Ind vs Aus Boxing Day Test: What is it and what is India's record?
Boxing Day Test between India and Australia is set to take place at the Melbourne Cricket Ground (MCG) from December 26, marking one of the most iconic fixtures in world cricket. As the series between the two teams is currently tied at 1-1, this test holds significant importance, not just for the Border-Gavaskar Trophy but also in the context of the World Test Championship (WTC) standings. A win for India will give them a 2-1 lead and strengthen their bid for a place in the WTC final.
20.12 / 06:33
markets COST Digital Platform Software Experts testing How to buy second-hand electric cars in India?
Buying a second-hand electric car in India can be a smart and eco-friendly choice. Here's a step-by-step guide to help you make the right purchase: 1. Set a budget Decide on your budget based on the car’s brand, model, and condition. Keep in mind that used electric cars may vary in price depending on factors such as age, battery condition, and features.
20.12 / 06:15
markets Digital ETF Strategy Software Experts PAM Mirae Asset Mutual Fund changes exit load period and structure of 6 schemes
The fund house informed about this to its unitholders through a notice-cum-addendum. The changes for Mirae Asset Balanced Advantage Fund, Mirae Asset Multi Asset Allocation Fund, Mirae Asset Equity Savings Fund, Mirae Asset Midcap Fund, and Mirae Asset Flexi cap Fund will be effective from January 1, 2025. The changes in Mirae Asset Gold ETF Fund of Fund will be effective from December 24.
20.12 / 06:15
markets Digital Software Sustainability film Experts Justice Superman teaser: James Gunn may deliver the Justice League movie fans have been waiting for so long
Justice League in 2017, followed by Zack Snyder's controversial version of the same film. Despite much anticipation, a sequel to the Justice League—both dreaded by some and hoped for by others—never materialized. The long-awaited Justice League 2 never happened. The sequel would have brought together Superman, Batman, Wonder Woman, Aquaman, Cyborg, and the Flash once again on the big screen. However, according to Screenrant, «after multiple logistical issues with the first film, director Zack Snyder completed his own cut of the movie, concluding his vision for the DCEU and putting a definitive end to the possibility of a direct JL sequel.»
20.12 / 06:15
markets Digital Platform Strategy Software Experts 2020 Singapore's bolttech, valued at $2.1 billion, raises over $100 million
The Series C funding round valued the company at $2.1 billion and the investment will be used for further global growth strategy, bolttech said in the statement. That is 31.3% higher than the $1.6 billion disclosed in its previous Series B funding round in May 2023.
20.12 / 06:15
markets Digital Software Remark Experts stage rowing Ambedkar row: Opposition MPs hold protest against Amit Shah at Vijay Chowk
Opposition MPs staged a protest at Vijay Chowk here on Friday demanding Home Minister Amit Shah's apology and resignation for allegedly «insulting» BR Ambedkar. They also carried out a protest march from Vijay Chowk to Parliament. Congress general secretary Priyanka Gandhi Vadra also slammed the BJP over the FIR filed against the Leader of Opposition in the Lok Sabha Rahul Gandhi, saying it «shows their desperation level». «The entire country is watching, they have slapped several cases on Rahul Gandhi. They bring in new FIRs and lie...This shows their desperation level,» she told reporters.
20.12 / 05:53
markets Digital Strategy Software Micron Experts PAM Micron slumps as bleak quarterly forecast clouds AI-related boost
Micron Technology shares slumped about 15% on Thursday, as a bleak forecast indicating sluggish demand for personal computers and smartphones overshadowed a lift from robust growth in sales of AI-related chips. The market for dynamic random-access memory (DRAM) chips used in personal computers and smartphones has remained under pressure since the end of the pandemic amid a lingering supply glut and sluggish consumer demand. Micron's flash memory chip revenue in fiscal 2025 is expected to be significantly weaker, as sales of such chips are more exposed to PC and mobile phone shipments, Morningstar analyst William Kerwin said.
20.12 / 05:53
markets COST UPS Digital Strategy Software Experts Honda Cars to hike vehicle prices by up to 2% from January
Honda Cars India on Friday said it will hike prices across its model range by up to 2 per cent from January next year, in order to partially offset the impact of rising input costs. The company sells models like Amaze, City and Elevate in the domestic market. The automaker will increase the prices of its models by up to 2 per cent from the beginning of January 2025, Honda Cars India Vice President — Marketing and Sales Kunal Behl said. The company has been making strong efforts to absorb price increases during this year, ensuring minimal impact on customers, he added.
20.12 / 05:53
markets Digital Strategy Software economy Experts PAM What is the 'Four Balance Sheet Challenge,' and is India still struggling with it?
A 2019 paper co-authored by Arvind Subramanian, former Chief Economic Advisor to the Government of India, and Josh Felman sheds light on the economic challenges India faced at the time. The authors highlighted a "Four Balance Sheet Challenge," warning that the economy was heading toward an «Intensive Care Unit» due to mounting financial stress. Subramanian argued that the roots of this issue could be traced back to the "Twin Balance Sheet Problem."
20.12 / 04:59
Software Boxing Moodys film show stars reports Why PVR INOX pulled 'Pushpa 2' starring Allu Arjun and Rashmika Mandanna from theaters
PVR INOX has reportedly removed Pushpa 2 from its theatres following an argument. Film industry tracker Manobala Vijayabalan yesterday in a post on X claimed, «Pushpa 2 was removed from all PVR INOX chains in North India from tomorrow». However, later he said that the issue has now been resolved and that shows are 'opening slowly one by one'.
20.12 / 04:35
markets Citi CEO Strategy Software MDC reports Sean Diddy and Luigi Mangione will now share the 'Hell on Earth' as well as a lawyer
Luigi Mangione and Sean «Diddy» Combs, now have two things in common: they share the same prison and the same lawyer. Mangione, accused of killing UnitedHealthcare CEO Brian Thompson, has been transferred to Brooklyn's Metropolitan Detention Center (MDC), where Combs is also being held amid a series of sexual assault lawsuits. Incidentally, Mangione's lawyer is also defending rapper Sean «Diddy» Combs in a separate sex-trafficking case. Mangione was arrested in Pennsylvania after a five-day search and brought to New York. CNN and ABC News report that he is now in federal custody at the MDC. “Mangione appreciates everyone’s support,” said Karen Friedman Agnifilo, Mangione’s lawyer and the wife of Marc Agnifilo.
20.12 / 04:35
markets Reuters Fighting security Software Myanmar War Fighters from Myanmar civil war aggravate bitter ethnic conflict in Manipur
Manipur this year, Indian security officers said, inflaming the bitter 19-month ethnic conflict there with weapons and battle-hardened cadres. This has led to an increase in violence between Manipur's dominant and mostly Hindu Meitei community and the mainly Christian Kuki tribes — a conflict that critics say is the biggest law-and-order failure of Prime Minister Narendra Modi's 11-year-old government. Since May 2023, some 260 people have been killed in the fighting and more than 60,000 displaced. Nine Indian military and police officers who spoke to Reuters, plus several politicians and rebel sources in Myanmar, described a conflict that is spreading to new areas as militants from the rival groups come across the border to Manipur.
20.12 / 04:35
markets Digital Strategy Software awards reports Schools Winter breaks for schools announced: Check dates and other details for key states
Winter vacation dates, however, remain subject to extension depending on the severity of the cold wave. Here's a detailed breakdown of winter break announcements across states:

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