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Israel’s Police National Cyber Crime Unit reportedly conducted a massive investigation into a local company, uncovering a crypto scam where hackers stole millions using malicious software.

Lucknow is offering an elective course on «The Wisdom of Indian Philosophy» to groom future industry leaders in their approach towards real-life tasks by deriving inspiration from India's roots, according to officials. While the course is taught in English and has some traces of modern theories, it primarily relies on the tenets of Indian philosophy derived in Sanskrit from Patanjali Yoga Sutras, Samkhya Karika, and Upanishads with references from the Bhagavad Gita. The course is created and floated by Professor Anadi Pande, who was motivated to introduce this curriculum to students in order to help them manage their selves better, reduce stress and anxiety, amongst other things, to enhance focus and improve quality of mind. «We live in a highly globalised, dynamic, and changeable world, with surfeit of information, intense competition, the acronym BANI aptly sums up its characteristics. Samkya, Yoga and Vedanta enable us to connect with our true nature, achieve peace, and have a focused mind. »A superior mind is a tremendous instrument which can not only de-stress, improve our psychosomatic condition but enable us find innovative solutions to challenges in our workplace and the material world," said Anadi Pande, course coordinator and Professor, Strategic Management, IIM Lucknow. Pande said Indian philosophy predates Thales of Miletus, who is regarded as the first Greek philosopher and creator of western philosophy, by at least a millennium.

Donald Trump's economic agenda for if and when he returns to power to govern the United States after the 2024 US presidential Polls, includes levying harsher trade and tax policies on countries like India and Brazil, if the latter was found imposing higher tariffs on American Goods. The ex-president, Donald Trump, intends to center his economic plans on extending and deepening the Republican tax cuts from 2017, rolling back regulations put forth by President Joe Biden and enacting additional tariffs, according to three people familiar with the discussion.

₹3,760, or up to 40% of capital cost for private players to set up battery energy storage systems, to increase renewable energy capacity, Union minister Anurag Thakur said at a briefing. Thakur said that today India meets around 15% of its its electricity requirement through renewable energy, and 25% if hydropower is included. "We have set the goal of being able to meeting 50% of our energy requirement from renewable or non-fossil energy sources by 2030.

ABB India and Tata Steel have partnered to jointly work on technologies for reducing the carbon footprint of steel production. The steelmaker has a medium-term target to reduce carbon emissions to less than two tonnes of Co2 per tonne of crude steel in its Indian operations by 2025, ABB India said in a statement. «Tata Steel Ltd and ABB India have signed Memorandum of Understanding (MoU) for a project and will work together to co-create innovative models and technologies to help reduce the carbon footprint of steel production,» the statement said. Under the MoU, the two companies will focus on system-level assessments of Tata Steel's manufacturing plants and production facilities for evaluation and co-development of short and long-term options for energy efficiency, decarbonization and circularity. ABB and Tata Steel will explore energy optimization via hydrogen as an alternative fuel for upstream processes and energy reduction as well as substitution through fully integrated electrification and digital systems.

Meta Platforms can be fined for breaching users' privacy, a Norwegian court ruled on Wednesday, stopping an attempt by the owner of Facebook and Instagram to halt a fine imposed by the Nordic country's data regulator. Meta has been fined one million crowns ($93,200) per day since Aug. 14 for harvesting user data and using it to target advertising at them.

Old Bridge Capital Management (OBCM) has received the Securities and Exchange Board of India’s (Sebi’s) approval to start its mutual fund operations under Old Bridge Mutual Fund. Kenneth Andrade, Founder of OBCM, said, “We are delighted to receive this licence to commence operations for Old Bridge Mutual Fund and will be launching our maiden actively managed equity scheme. As we move forward with our newly acquired licence, we remain committed to providing investors with long-term investment solutions on its mutual funds platform as well.” Old Bridge Capital Management was incorporated in December 2015 and the company is registered with Sebi as a portfolio manager. OBCM’s media release on Wednesday claimed that the company was also an investment manager and sponsor to a Sebi-registered Category III Alternative Investment Fund named Old Bridge Capital AIF. The company website claims that Andrade has managed a portfolio of over a billion dollars with a track record of beating the benchmark every year since 2006. OBCM manages equity portfolios through two structures — Portfolio Management Services and Category III Alternative Investment Funds — the release said. Earlier, Reliance Industries Ltd’s financial services arm Jio Financial Services (JFS) and BlackRock have signed an agreement to form a 50:50 joint venture to offer investment solutions.

This week's sharp rise in Brent price after OPEC+ leaders Saudi Arabia and Russia announced that they would extend supply curbs through the end of the year has led to OMCs' GMM declining to negative 0.1 per litre, according to calculations done by JM Financial. «There is a high expectation that the government may also cut petrol/diesel prices by Rs 3-5/ltr around Diwali given key state elections start from Nov-Dec '23. This cut should mostly happen via a reduction in excise duty and/or VAT given OMCs are losing on the auto-fuel marketing business at the current high crude price,» said JM Financial's oil and gas analysts Dayanand Mittal and Shivam Gupta. They do not rule out a scenario whereby the government may nudge OMCs to cut petrol/diesel prices as their balance sheets have largely been repaired due to likely strong profits in 1HFY24. Last week, the government reduced the price of domestic LPG by Rs 200 per cylinder for all 330 million domestic LPG consumers to give relief to the common man from the recent surge in inflation.

Global private equity giant TPG’s Australian pathology business, TissuPath, has suffered a data breach with a decade’s worth of patient request forms being released on the dark web.

₹190 billion for 5 fleet support ships was awarded to Hindustan Shipyard, while Acceptance of Necessity (AoN) worth ₹78 billion was accorded for various platforms. Progress is being made on development and acquisition of fighter aircraft along with a visit by Air Chief Marshal to Hindustan Aeronautics Ltd (HAL). Additionally, successful firing of Astra BVR missile from Tejas, progress on P75I and P76 submarine programmes and guided Pinaka Rocket System is likely to enter final user trials in the next 1-2 months, are among key developments in the sector.

Paytm share price rose over 2 per cent in intraday trade on BSE on Wednesday, looking set to extend gains into the second consecutive session, boosted by the company's business updates for the month of August. One97 Communications Ltd, the parent of Paytm, reported a 20 per cent year-on-year (YoY) growth in average monthly transacting users at 94 million in the July-August period from 79 million in the same period last year. Besides, Paytm said in a statement that it disbursed loans worth ₹5,517 crore ($667 million) in August through its lending platform.

SRF, incorporated in the year 1970, is a Large Cap company (having a market cap of Rs 72526.26 Crore) operating in Diversified sector. SRF key Products/Revenue Segments include Chemicals (Industrial), Other Operating Revenue, Traded Goods, Export Incentives for the year ending 31-Mar-2023.Financials For the quarter ended 30-06-2023, the company has reported a Consolidated Total Income of Rs 3350.14 Crore, down -11.85 % from last quarter Total Income of Rs 3800.42 Crore and down -14.20 % from last year same quarter Total Income of Rs 3904.57 Crore.

Supreme Court on Wednesday refused to entertain a petition seeking a direction to the Centre to take steps to curb fraudulent religious conversions in the country. «Why should the court enter into this thicket? How can the court issue a writ of mandamus to the government,» said a bench comprising Chief Justice D Y Chandrachud and justices J B Pardiwala and Manoj Misra. The lawyer, appearing for Karnataka-based PIL petitioner Jerome Anto, said Hindus and minors are being targeted and they are being converted «fraudulently». «If there is a live challenge and someone is prosecuted then we can entertain,» the bench said while dismissing the PIL. «What kind of PIL is this? PIL has become a tool and everyone is coming up with petitions like these,» it said. On being argued where the petitioner should go with this kind of grievance, the bench said, «We are not in advisory jurisdiction.

Indian Railway Finance Corporation (IRFC), Rail Vikas Nigam (RVNL), and Ircon International fell up to 7% in Wednesday's trade amid profit booking. Technical analysts also stated that these railway stocks are in overbought territory. Shares of IRFC declined 7% to Rs 67 on the NSE. Technically, IRFC's day RSI (14) is at 91.2.

economic activity. Expectations of interest rates remaining at higher levels for a longer-than-expected time have weighed on gold prices. MCX Gold for October 5 delivery traded 0.06 per cent lower at ₹59210 per 10 grams around 10:10 am.

Voltas share price rose over 4 per cent in morning trade on BSE on Wednesday as domestic brokerage firm Motilal Oswal Financial Services reinitiated coverage on the stock with a buy rating, pegging the target price of ₹1,000, implying a 15 per cent upside potential in the stock. "We reinitiate our coverage on Voltas with a buy rating and a target price of ₹1,000 premised on 40 times FY25E earnings per share (EPS), (similar to last 10 years’ one-year forward average price-to-earnings ratio (P/E) multiple, before losses of Voltbek), and ₹38 for Voltbek," said Motilal Oswal. The stock opened at ₹893.45 against the previous close of ₹866.50 and rose 4.10 per cent to hit the intraday high of ₹902.05 in trade so far.

Five-Star Business Finance, incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 21006.79 Crore) operating in NBFC sector. Five-Star Business Finance key Products/Revenue Segments include Interest, Fees & Other Charges and Income From Sale Of Share & Securities for the year ending 31-Mar-2022.Financials For the quarter ended 30-06-2023, the company has reported a Standalone Total Income of Rs 483.57 Crore, up 10.08 % from last quarter Total Income of Rs 439.29 Crore and up 42.62 % from last year same quarter Total Income of Rs 339.06 Crore. Company has reported net profit after tax of Rs 183.71 Crore in latest quarter. Investment RationaleFive Star Business Finance’s FY23 annual report provides an insight on how it is progressing towards its vision of “reaching the unreached through suitable credit solution” and capturing the INR 22trn MSME lending opportunity.

Tanla Platforms with a target price of Rs 1090.The current market price of Tanla Platforms is Rs 1020.4. HDFC Securities recommended to keep stop loss at Rs 988. Tanla Platforms, incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 14202.76 Crore) operating in IT Software sector. Tanla Platforms key Products/Revenue Segments include Software Services for the year ending 31-Mar-2022.Financials For the quarter ended 30-06-2023, the company has reported a Consolidated Total Income of Rs 916.37 Crore, up 9.31 % from last quarter Total Income of Rs 838.32 Crore and up 13.89 % from last year same quarter Total Income of Rs 804.64 Crore.

Day trading guide for today: Domestic equity benchmarks Sensex and Niftysettled higher in the previous session for the third straight day amid positive domestic macroeconomic data. Domestically focused mid-caps and small-caps outperformed the blue-chips setting record highs. The 30-share BSE Sensex ended higher by 152.12 points or 0.23 per cent at 65,780.26 level on Tuesday, September 5, while the Nifty also closed at 19,574.90 level, up 46.10 points or 0.24 per cent.

macroeconomic data, domestic benchmark equity indices ended in green for a third session in a row. The 30-share BSE Sensex ended higher by 152.12 points or 0.23% 65,780.26 level while the Nifty also closed at 19,574.90 level, up 46.10 points or 0.24%. India’s services activity continued to expand in August, but at a slower pace than in July.