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Railways has drawn up a safety upgrade plan that includes training of loco pilots on simulators and outsourcing of some components of maintenance operations, officials said. The move comes in the backdrop of several train accidents over the last two years. The Railway Board has asked all zonal railways to explore the possibility of outsourcing the maintenance of machines used in track renewal operations, according to the officials. These track machines are required for maintenance and renewal of tracks, but owing to shortage of staff, either because of vacancies or due to non-creation of adequate posts, this activity gets hampered and machines remain underutilised. In a directive, the Railway Board has asked the zonal railways to explore the possibility of outsourcing these activities to make up for manpower shortages.

SBI Mutual Fund, the largest fund house based on assets managed, has announced the launch of SBI Nifty 500 Index Fund, an open-ended scheme replicating/ tracking Nifty 500 Index. The new fund offer or NFO of the scheme will open for subscription on September 17 and will close on September 24. Also Read | Silver MFs lose up to 8% in three months. Should you buy the dip?

Lending firms using the Account Aggregator (AA) framework facilitated loans worth Rs 42,300 crores from September 2021 to March 2024, noted a report released by Sahamati on Monday. Sahamati is a market-led industry alliance for the AA ecosystem. The report on ‘Lending facilitated by Account Aggregators’ is the first of a series. It is aimed at tracking the level of adoption and usage of the AA framework. In the current report, it is noted that lending firms have used AA framework to facilitate loans worth Rs 42,300 crores from September 2021 to March 2024, with a cumulative average loan ticket size of Rs 1,00,237 for the same period. The growth in facilitating loans is indicated by total loans disbursed which is Rs 21.2 lakhs with Rs 22,100 crores in disbursements facilitated by AAs in second half of FY24.

Among these three, two are ETFs and one is an index fund. Groww Nifty 1D Rate Liquid ETF Groww Nifty 1D Rate Liquid ETF is an open-ended Exchange Traded Fund replicating / tracking Nifty 1D Rate Index with a relatively low interest rate risk and relatively low credit risk scheme. The NFO is open for subscription and will close on September 20.

online gaming sector topped the apex goods and services tax (GST) intelligence and investigation agency’s evasion list with detection to the tune of about Rs 1.10 lakh crore, involving show-cause notices to 34 taxpayers and action against 118 domestic entities and 658 offshore entities. The annual report of Directorate General of Goods and Services Tax Intelligence (DGGI) released on Saturday showed a jump in evasion cases, with Mumbai taking the lead. ET takes a look at the data:

In a $115 million settlement, while admitting no wrongdoing, tech behemoth Oracle has agreed to settle a class action lawsuit over allegations it tracked consumer activity both on and offline

The shortest flight I ever took was from Tongatapu, capital of Tonga, to 'Eua, an island some 40 km farther away. On paper, the ferry takes 1.5 hrs. But its schedule is unreliable, the sea unruly, locals advise against it, and the black diesel smoke enough to make one nauseous. The longest flight we were on took us from Qatar to New Zealand, though fortunately, this was in a luxurious Qatar Airways Qsuite. Flying business class does account for three times more CO2 than roughing it in economy though.

Subscribe to enjoy similar stories. Samsung’s Galaxy Watch series has long been an easy go-to for folks with Android phones. But the more serious adventurers and athletes – the ones who swim, run, and hike - had only the likes of Garmin and Suunto.

Subscribe to enjoy similar stories. Back in 2005, Priya Singh, then a 22-year-old social worker, stumbled upon her entrepreneurial journey when her husband, Mohit Dubey, decided to leave his job just two months into their marriage. While Dubey pursued his startup dreams, Singh financed their life by taking up a well-paying job in the government, supporting not just Dubey, but his two co-founders too—transforming their 2-bedroom apartment in Mumbai into a startup hub in 2005.

interest rate cut next week, after media reports suggested the decision would be a closer call for officials than previously thought. Traders raised bets back to 39% for a 50-basis point reduction on Sept. 18, according to LSEG data, from about 28% before articles in the Financial Times and Wall Street Journal appeared.

recession in the United States, and the Federal Reserve is trying their best to halt it for as long as possible. Reports suggest that they have gone to the extent of planning an interest rate cut of 50 basis points for stopping the impending recession in its tracks. However, there are multiple other market factors in play, which could bring in a recession or an economic downturn, and the upcoming US elections 2024 could also be one of them.

Boeing is waiting to find out whether 33,000 aircraft assembly workers are going on strike and shutting down production of the company’s best-selling planes

Indian Navy and the DRDO on Thursday successfully carried out a flight test of a vertical launched short-range surface-to-air missile off the coast of Odisha. The flight test was conducted from a land-based vertical launcher, targeting a high-speed aerial target flying at a low altitude. The missile system successfully tracked and engaged the target, the Defence Ministry said. «The Defence Research and Development Organisation (DRDO) and the Indian Navy successfully conducted the flight test of the Vertical Launch Short Range Surface-to-Air Missile (VL-SRSAM) from the Integrated Test Range (ITR) in Chandipur, off the coast of Odisha,» it said.

U.S. stocks are drifting in mixed trading following a couple reports on the economy that came in close to expectations

who have left venture capital firms in the past year to start off on their own are finding it hard to raise capital as they struggle to convince investors who currently favour the public markets that fetch them higher returns. “LPs (limited partners) are very satisfied at this moment with the delivery of returns that are taking place in the public markets," said Sanjay Nayar, former CEO of KKR India, who retired to start his own early-stage fund, Sorin Investments, which closed its maiden fund in May.

By Ben Eisen and Tegan Hill

Sead specializes in writing factual and informative articles to help the public navigate the ever-changing world of crypto. He has extensive experience in the blockchain industry, where he has served...

Best 4K dash cam: Top 7 options for clear recording and much-needed security on roads for modern driversA car vacuum cleaner is all about convenience and portability. Investing in a quality car vacuum can help extend your vehicle’s life and improve your driving experience. These vacuums are essential for keeping your car fresh and tidy.

Reversedo is the newest forex robot from Avenix Fzco, a Dubai, UAE-based fintech startup. Leveraging the MetaTrader 4 platform, this expert advisor (EA) aims to trade the XAUUSD (gold) market. By analyzing the gold market with smart algorithms and technical indicators, Reversedo hopes to spot possible trend reversals and influence trading success.

Australia are working with international law enforcement agencies to track down a man suspected of pouring hot coffee on a nine-month-old baby and then fleeing the country.The boy, named Luka, was left with severe burns from the attack and has undergone multiple surgeries, according to a GoFundMe page set up by a friend of the family.The incident happened on Aug. 27 in Hanlon Park in Brisbane, when a mother and her baby were approached by a stranger.