Strategy Financial News
03.12 / 14:37
markets
Digital
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PAM
country
South Korea president declares emergency martial law
«To safeguard a liberal South Korea from the threats posed by North Korea's communist forces and to eliminate anti-state elements… I hereby declare emergency martial law,» Yoon said in a live televised address to the nation. «With no regard for the livelihoods of the people, the opposition party has paralysed governance solely for the sake of impeachments, special investigations, and shielding their leader from justice,» he added.
03.12 / 14:37
markets
Manufacturing
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Strategy
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electronic
International
Phillip’s machine manufacturing arm will bring Titanium and other hi-tech materials to India
Phillips Machine Tools (PMT) will launch a dedicated 3D materials division to address India’s lack of locally available high-tech consumables and raw materials, including titanium. The company has plans to secure an import license in the next six months and cater to the defence, aerospace, renewable, electronics, and, in certain aspects, the health tech market and clean energy sectors, the company’s Managing Director, Terrence Miranda, told ET. PMT is a fully owned subsidiary of the USA-based Phillips Corporation. “To obtain this license, you need to demonstrate capabilities, such as owning the necessary equipment and conducting R&D on it. India does not yet produce aerospace-grade titanium in the quantities or quality needed. For sectors like space and defence, this poses a significant challenge,” he said, adding that the company will incorporate it into its new 20,000 sq. ft facility in Chakan, Pune. PMT is working to source titanium from international markets, including the US and Germany, while also exploring regional exports to make it easier to procure.
03.12 / 14:37
markets
Manufacturing
Strategy
Align
Sustainability
Experts
performer
Camfil India expands manufacturing footprint with new Manesar plant
Reinforcing its support for the ‘Make in India’ mission, the facility will serve as a key local sourcing hub within the Camfil Group. This will enhance its global supply chain efficiency and position Camfil India as a critical contributor to international markets. The new facility represents a significant enhancement in production capacity, particularly for high-efficiency filters used in Air Handling Units (AHUs). By increasing its capabilities, Camfil is poised to better serve industries with the most advanced air quality solutions for HVAC systems. As part of this expansion, Camfil India will also begin manufacturing minipleated HEPA filters, widely known as Megalams. These cutting-edge filters cater to critical pharmaceuticals, hospitals, and microelectronics sectors. Developed using proprietary equipment and scanning technologies designed in Camfil’s global R&D centres, the filters promise unparalleled performance, energy efficiency, and adherence to industry standards.
03.12 / 14:37
markets
Strategy
Marvell
film
Experts
Universities
Interviews
Marvel's The Fantastic Four: First Steps: What we know about filming, cast and characters
Fantastic Four: First Steps. The movie is set to hit theaters in 2025. It marks the superhero quartet's introduction to the Marvel Cinematic Universe (MCU).
03.12 / 14:37
markets
Digital
security
Strategy
Experts
PAM
AVP
3 warships and 1 submarine likely to be commissioned in a month: Top Navy official
Indian Navy said on Tuesday. Addressing a press conference, Vice Admiral Sanjay J Singh, Flag Officer Commanding-in-Chief of the Western Naval Command, said the three warships — INS Nilgiri, INS Surat, INS Tushil — and submarine INS Vagsheer are expected to be commissioned in a month. «We have got four vessels that are due for induction within the next one month,» Singh said. INS Nilgiri is the first ship of Project 17A and was launched in September 2019, he said.
03.12 / 14:37
markets
Progressive
Strategy
love
Experts
reports
Relationships
Venus in Aquarius; here's is what it means for love and relationships
Venus will be transitioning into Aquarius while marking a significant shift in how we approach relationships and values, reported People. This astrological event encourages breaking free from traditional norms and societal expectations while promoting individuality and progressive connections. According to People, unlike its previous position in Capricorn, which put an emphasis on stability and commitment, Venus in Aquarius fosters a spirit of exploration and open-mindedness in our interactions. Also Read: Marvel's The Fantastic Four: First Steps: What we know about filming, cast and characters
03.12 / 14:03
markets
UPS
Platform
security
Strategy
PAM
ZFunds secures Rs 25 crore from Elevation Capital, PB Fintech’s Yashish Dahiya
ZFunds has secured Rs 25 crore in equity funding led by Elevation Capital along with participation from PB Fintech group chief executive officer (CEO) Yashish Dahiya, in its first major institutional funding round. PB Fintech operates the insurance marketplace Policybazaar and credit marketplace Paisabazaar. ZFunds was founded in 2019 by Manish Kothari and Vidhi Tuteja, who worked at Paisabazaar before starting up. Also Read: ETtech in-depth: Decoding PB Fintech’s bull run on the stock markets
03.12 / 14:03
markets
Airlines
Strategy
show
travelers
Videos
'Tandoori a**': Woman harasses Indian-American on flight, removed by airline
United Airlines airport shuttle bus after a confrontation with a family on November 24. Pervez Taufiq, a wedding photographer traveling with his wife and three sons from Cancun to Los Angeles, recorded the incident. The dispute began on the flight, allegedly involving the woman and Taufiq’s son. The situation escalated on the shuttle bus. Video footage shows the woman saying to Taufiq: “Your family is from India, you have no respect, you have no rules, you think you can push everyone, push, push, push. That’s what you think you are. You guys are f****** crazy.” She also threatened to record his “f–king tandoori ass” after Taufiq referenced earlier comments she made about curry. Taufiq posted the video on Instagram, stating the woman had harassed his son on the flight and told him to “shut up” on the bus. He said her husband then confronted him. Taufiq stated that United Airlines staff removed the woman from the bus after a bystander confirmed she initiated the incident.
03.12 / 14:03
03.12 / 14:03
markets
UPS
security
Strategy
awards
Bill
Experts
Lok Sabha passes Banking Laws (Amendment) Bill, 2024
Banking Laws (Amendment) Bill, 2024 was passed on Tuesday in the Lok Sabha during the winter session of Parliament, proposing significant changes to banking regulations. «Banks are being professionally run today. The metrics are healthy so they can go to the market and raise bonds, raise loans & run their business accordingly,» said Finance Minister Nirmala Sitharaman in her address at the Lower House of the Parliament. Among its key provisions, the Bill allows depositors to nominate up to four individuals for their bank accounts or fixed deposits, replacing the current single-nominee system. The move aims to simplify fund distribution after the death of an account holder, a problem which arose during the COVID-19 pandemic.
03.12 / 14:03
markets
Gap
security
Strategy
Trade
track
reports
Sebi tackles tech glitches with new online monitoring mechanism for system audits of brokers
Sebi has proposed an online monitoring mechanism for system audits of stock brokers to cut down on technical glitches. In a consultation paper released on Tuesday for public comments, Sebi said it aims to address gaps in the current audit processes, including poor quality, lack of physical site visits by auditors, and inadequate sampling techniques.
03.12 / 14:03
markets
Aviat
Airlines
Strategy
PAM
Courts
IndiGo drags Mahindra Electric to court for trademark infringement of its 6E code
InterGlobe Aviation, which runs the largest airline IndiGo, on Tuesday moved the Delhi High Court alleging trademark infringement of its Air Transport Association code ‘6E’ by Mahindra Electric Automobiles. The airline accused the automaker of using the mark ‘6E’ in its upcoming electric sports utility vehicle (SUV) Mahindra BE 6e, which it claimed to be similar to its trademark ‘6E.’ Mahindra BE 6E, which has generated buzz for its unique design and tech loaded features, is expected to hit the roads in February next year. While Justice Amit Bansal recused himself from the hearing the case, senior counsel Sandeep Sethi informed the court that Mahindra had reached out to the airline on Monday and an effort was being made to discuss the matter.
03.12 / 14:03
markets
UPS
Strategy
Mobile
Bill
country
Credit must be given to RBI and Finance Ministry for stable banking system: FM Nirmala Sitharaman
Nirmala Sitharaman on Tuesday said that Indian banks have remained healthy, adding that we can not afford to have struggling banks. The minister was presenting the Banking Laws (Amendment) Bill in the Lok Sabha. She added that the credit must go to the Reserve Bank of India and the Finance Ministry for the banking system to not have collapsed. «Banks have collapsed in countries having a sound system too,» said Sitharaman.
03.12 / 14:03
markets
security
Strategy
wellness
Relationships
peace
In Lok Sabha, Jaishankar articulates 3 key principles for engagement with China
External Affairs Minister S Jaishankar said the disengagement of troops has been achieved in «full» in eastern Ladakh through a step-by-step process, culminating in Depsang and Demchok, and India now expects the commencement of talks on remaining issues that it had placed on the agenda. India was and it remained very clear that the three key principles must be observed in all circumstances, he said explaining: «one: both sides should strictly respect and observe the Line of Actual Control (LAC), two: neither side should attempt to unilaterally alter the status quo, and three: agreements and understandings reached in the past must be fully abided by in their entirety».
03.12 / 12:43
03.12 / 12:43
markets
Strategy
economy
Research
trends
Trade
Cycling
India's Growth Story: How Groww Multicap Fund plans to leverage opportunities across market caps with Groww Multicap Fund
The NFO period begins from 26th November to 10th December, 2024. With a focus on disciplined allocation across large-cap, mid-cap, and small-cap segments, the fund leverages structural tailwinds such as improved access to talent, capital, and markets, alongside trends like export growth, premium consumption, and financialization. Balancing diversification with a robust stock selection process, Tiwari highlights the fund’s commitment to being a true-to-strategy multicap offering, designed to create sustainable wealth for investors. Edited Excerpts -
03.12 / 12:21
markets
Art
Strategy
awards
Experts
show
Features
Jaguar unveils electric concept car days after Elon Musk trolled its 'woke' ad
Jaguar on Monday revealed its electric Type 00 concept car during Miami Art Week, showcasing the company's new design and electric vehicle strategy. The concept, a part of its newly rebranded identity, was released days after billionaire Elon Musk mocked its previous ad for being 'woke'. Last month, the company released a 30-second spot showing diverse models and bright colors. The advertisement was panned by several who said it was «woke» including Tesla and X CEO Elon Musk mocked the ad saying, “Do you sell cars?" The luxury British carmaker has filled in some of the blanks by revealing a concept car. The Type 00, named to represent zero emissions and its position as the first of a new generation, features a long hood, curved roofline, and boat-tail rear. This design was made possible by Jaguar's new electric platform called JEA. The company also confirmed plans for a new four-door GT car, set to release in late 2025. This production model is projected to have a range of up to 478 miles (770km) and fast-charging capability.
03.12 / 12:21
markets
Strategy
Puzzle
Yellow
Experts
show
blues
NYT Connections hints, answers December 3: How to solve today's New York Times puzzle game?
NYT Connections hints for Tuesday are out as readers can now get answers for December 3 New York Times (NYT) Connections puzzle. NYT Connections is game that is managed by New York Times' associate puzzle editor Wyna Liu. New York Times offers 16 chosen words that are required to be divided into categories. NYT Connections December 3 Purple Category has less sounded letter. Green Category has popular nicknames. Blue Category features American educational show characters. Yellow Category consists of TV shows.
03.12 / 12:21
Strategy
Virus
country
reports
travelers
infection
symptoms
Deadliest bleeding eye virus has killed 15 people so far: Check its symptoms, causes, vaccine and precautions
bleeding eye virus has spread across 17 African countries over the past two months. Public health officials across the world are monitoring the spread of the deadly virus and travellers have been advised to exercise against the spread of the deadly new virus. With a 50/50 risk of death, the 'bleeding eye' virus is thought to be one of the deadliest on earth and could spread to other African countries which are already struggling to cope with other viruses and its outbreaks.
03.12 / 12:21
markets
FIVE
Waters
Strategy
Experts
performer
electronic
DAC approves five capital acquisition proposals worth Rs 21,772 cr to improve defence preparedness
Defence Acquisition Council (DAC), under the chairmanship Defence Minister Rajnath Singh, accorded Acceptance of Necessity (AoN) for five capital acquisition proposals worth over Rs 21,772 crore on Tuesday. This included the procurement of Water Jet Fast Attack Crafts, Fast Interceptor Craft, Electronic Warfare Suite, Next Generation Radar Warning Receiver and Advanced Light Helicopters. DAC granted the approval for the procurement of 31 New Water Jet Fast Attack Crafts (NWJFACs) for the Indian Navy. These are designed to perform the task of low intensity maritime operations, surveillance, patrol, and search and rescue (SAR) operations close to the coast. In addition, these vessels will also play a role in anti-piracy missions, in and around India's island territories.
03.12 / 12:07
markets
Strategy
Analysis
Yellow
Research
Trade
Experts
Gold declines Rs 200 to Rs 79,000 per 10 gm; silver bounces Rs 2,400
capital on Tuesday, according to the All India Sarafa Association. The yellow metal of 99.9 per cent purity on Monday settled at Rs 79,200 per 10 grams. However, silver prices surged Rs 2,400 to Rs 92,400 per kg against the previous close of Rs 90,000 per kg. The bullish sentiment in the silver market is primarily driven by industrial demand, traders said.
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