Software Financial News

Union Budget 2025 approaches, set to be unveiled in February, it’s a good time to understand the concept of strategic disinvestment and how it differs from disinvestment. Here’s a simple breakdown:

Supreme Court on Monday said and dismissed a plea against a Gujarat High Court order refusing to suspend certain provisions of a 1991 state law over properties in disturbed areas. While hearing the challenge, Justices Dipankar Datta and Prashant Kumar Mishra, asked, «How can, by an interim order, certain provisions be suspended?» «There is a presumption of constitutionality attached to every enactment,» it observed. The high court on October 28 rejected an application seeking suspension of certain provisions of the Gujarat Prohibition of Transfer of Immovable Property and Provisions for Protection of Tenants from Eviction from Premises in the Disturbed Areas Act, 1991.

EV charging demand and to achieve the mission of over 30 per cent electrification, as per a report by industry body FICCI. According to the 'FICCI EV Public Charging Infrastructure Roadmap 2030' put out on Monday, to achieve profitability and scalability, India needs to aim for higher utilization of charging stations. The report further suggests that the top 40 cities could be prioritized for scaling up public charging infrastructure. The report argued that those top cities are expected to have higher EV penetration in the next 3-5 years given the current EV adoption rate, and favourable state policies.

Chancellor Olaf Scholz's coalition collapsed in November, but some laws could still be passed before an early election in February. The departure from the coalition of the neoliberal Free Democrats (FDP) deprived Scholz's government of its parliamentary majority and left in limbo dozens of laws the coalition had been scheduled to pass in its remaining time. However, the FDP signalled on Friday its support for passing certain laws that were already well advanced through the legislative process and in which the party was deeply involved.

Ben eventually sold his business for a whopping $1.8 million on Flippa.com. How? Unlike brick-and-mortar businesses, online businesses are harder to sell. The problems online business owners such as Ben face are multi-faceted. How did Ben arrive at such a valuation for his business? How did he connect to a prospective pool of buyers? How did he handle the marketing? How did he access domain experts and arrive at an informed decision? How should entrepreneurs such as Ben manage their exit strategies more effectively to maximise value for themselves and other stakeholders? These are all questions Ben had to consider before proceeding with the sale. For online businesses, it becomes difficult to address these issues. This is where Flippa—an online platform that connects owners of online businesses to potential buyers—comes in. Flippa provides sellers with an artificial intelligence (AI) matching engine that precisely tackles the problems online business owners face while trying to sell their enterprises. Flippa gives accurate valuations using the latest machine learning (ML) algorithms in as little as 30 minutes. Additionally, Flippa provides access to thousands of buyers and what's more their AI recommendation engine matches sellers such as Ben to a highly targeted set of buyers, which reduces the time he would otherwise spend finding the potential buyer.

death toll from cyclone Chido's passage across Mayotte would be in the hundreds, perhaps even thousands, as France rushed in rescue workers and supplies. Their efforts will be hindered by the damage to airports and electricity distribution in the French Indian Ocean territory. Even before the cyclone's passage, clean drinking water was already subject to chronic shortages.

inflation eased to 1.89 per cent on an annual basis in November from 2.36 per cent in October. The wholesale inflation, measured using the Wholesale Price Index, was expected to moderate to 2.20 per cent, according to a Reuters poll. India’s retail inflation eased to 5.48 per cent in November, after breaching the RBI's 6 per cent upper tolerance band in October, as the arrival of fresh produce helped moderate soaring vegetable prices.

Kane Williamson registered his 33rd Test century in the third Test against England at Hamilton, New Zealand on Monday. The modern-day great scored 156 runs before being dismissed by spinner Shoaib Bashir. His innings included 20 fours. The hosts have extended their lead past 600 on a rain-affected third day.

Sajjan Kumar. Special Judge Kaveri Baweja, who was scheduled to pass the order on Monday, deferred the pronouncement. «January 8 is the next date,» the judge said. Kumar, who is currently lodged in Tihar central jail, appeared before the court through video conference.

Sandeep Dikshit clarified that the alliance with the Aam Aadmi Party (AAP) was «never in question», responding to discussions about the possibility of an alliance. Speaking to on Sunday, Dikshit stated, «The alliance was never in question. The AAP kept launching the idea because they feared losing if they fought alone. But it is good that the alliance did not happen.» He went on to slam Delhi Chief Minister Arvind Kejriwal's leadership over the past decade, claiming it has led to the breakdown of the city's systems. «In the last 10 years, he (Arvind Kejriwal) has brought Delhi to a place where all the system has collapsed. These 10 years of failure will make him lose,» Dikshit said.

Vijay Diwas is celebrated every year on December 16 to commemorate India’s victory over Pakistan in the 1971 war. The war also resulted in the liberation of Bangladesh. The day is a high point in Indian history and the country pays tribute to bravery and sacrifice of the armed forces. The war in 1971 between India and Pakistan began on December 3 and lasted 13 days. The war broke out because of the humanitarian crisis in the then East Pakistan. The Pakistani army had launched a campaign against the civilian population of the region. India intervened to support the people in their struggle for independence.

Maharashtra Chief Minister Devendra Fadnavis has said the Mahayuti allies have agreed to conduct a «performance audit» of ministers during their tenure. While Fadnavis has not mentioned any timeline, Deputy CM and Shiv Sena leader Eknath Shinde said the ministers of his party will get two-and-a-half years and those who perform will progress. Deputy Chief Minister and NCP leader Ajit Pawar said «non-performers» can be replaced in two-and-a-half-months also.

State Bank of India (SBI). While the growth in revenue was moderate, the earnings before interest, taxes, depreciation, and amortization (EBIDTA) and profit after tax (PAT) saw a robust increase of 28 per cent and 32 per cent, respectively. It said «Around 4000 listed entities reported 6 per cent growth in top line in FY24, while EBIDTA and PAT grew by 28 per cent and 32 per cent respectively. However, Employee expenses grew by only 13 per cent in FY24 as compared to 17 per cent in FY23».

Bradley Dawson, has been found guilty of killing his wife, Christe Chen Dawson, during their honeymoon in Fiji. The court concluded he acted with intent after analyzing evidence and testimony.

Brady Corbet’s historical drama The Brutalist has unveiled its full trailer, shared by A24. The film explores the journey of an immigrant architect in post-World War II America and has emerged as a significant awards contender.

Alexander Sorloth (in pic) came off the bench to score with a header late in the second half and give Atletico Madrid a hard-fought 1-0 win over Getafe in LaLiga on Sunday, their 11th consecutive triumph in all competitions. Atletico are now level with Barcelona at the top of the LaLiga standings on 38 points from 17 matches, moving above Real Madrid who are third on 37. Barcelona host lowly Leganes later on Sunday. Atletico, who have won all their games since late October, dominated proceedings throughout and created several opportunities but had to dig deep to break the deadlock, with their winner coming in a collaboration between two substitutes in the 69th minute.

Also Read: I&B ministry confirms Zakir Hussain's death news «My brother is deeply ill at this time. We are asking for all his fans around India and around the world to pray for him, to pray for his health. But as India's greatest ever exports, do not finish him off just yet,» she said.

BITS Pilani and Indian Institutes of Technology (IITs) Delhi, Madras and Kanpur, among others, are looking to fill their coffers through efforts such as donation campaigns, encouraging collective donations through chapters or batches, organising leadership delegations to countries where alumni reside, increased reunions and alumni get-togethers, encouraging high net-worth donors to set up centres of excellence, forging close connections with companies for corporate social responsibility (CSR) funding and setting up alumni chairs. Aiming high

Airbus has picked up over 650,000 sq ft office space in a commercial tower in Bengaluru’s Whitefield through a long-term lease of 10 years to set up its global capability centre (GCC), supporting innovation and technology development-related strategic initiatives worldwide, said persons with direct knowledge of the development. The European multinational company will be paying rentals of over Rs 500 crore for this new office space in an entire building of Titanium Tech Park through the lease term. The deal has provision for future scalability to accommodate growth with an additional 150,000 sq ft that can be exercised after a year, taking the total space to 800,000 sq ft. The clause for lease tenure also includes an option to extend the same by an additional five years, making it a 15-year deal.

Travis Head put an insipid Indian bowling attack to sword for his second successive hundred while veteran Steven Smith wore the opposition down with a statement century to put Australia in a favourable position on day two of the third Test here on Sunday. Australia reached a commanding 405 for 7 at stumps courtesy, a 241- run stand between Head (152 off 160) and Smith (101 off 190) for the fourth wicket after the visitors put them in a spot of bother at 75 for three in the morning. The Indian bowlers, who impressed in the first session, lost their way to allow Head and Co to dominate the proceedings. Jasprit Bumrah (5/72), who came up with welcome wickets both in the morning and towards the end of play, was once again the stand out bowler for the visitors.