Asia News & Trends

Women leaders on vulnerability, strength, and structural changes in

Women leaders on vulnerability, strength, and structural changes in "Authentic Ascent"

An interesting panel discussion on the topic of "The Authentic Ascent: Leading with Vulnerability and Strength" took place at the 6th edition of the Women Disruptors Summit & Awards 2025. Industry pioneers gathered to talk about systemic changes that enable women in leadership positions in addition to their own personal journeys.Pritha Mitra Dasgupta, Chief Marketing Officer of Havas India, presided over the meeting, and panelists included: Kinnari Dave, Shemaroo Entertainment's Business Head for ShemarooMe Prachi Bali, Head of Saatchi Propagate and EVP Shwetal Basu, Polycab India's Senior Vice President and Head of Brand & Marketing"We are no longer applauding leaders who never flinch," said Pritha Mitra Dasgupta, who opened the conversation by saying .that the days of leaders who stood like rock without flinching were long gone. In actuality, we are admiring those who possess the capacity for tenderness, resilience, empathy, and ambition.She continued by asking Kinneri Dave how both astute strategy and flexibility are necessary to successfully navigate a legacy business through the digital maelstrom. "Could you describe a situation where you were able to bring things back on track when they were veering off course because of your transparency rather than just your strategic abilities?""When you take over a brand, a legacy brand as large as Shemaroo, the burden of the brand and the legacy is huge, and you're always on edge, making sure you're not denting it," Kinnari Dave said, citing a server crash as an example that demonstrated the leadership transfers. I can clearly recall that five years ago, I oversaw product and technology for another company before taking the helm at Shemaroo.I remember clearly the day one of our servers broke and we lost a lot of data because it's a legacy brand and we had a major tech move. At that period, leading product technology for a heritage company felt extremely risky because of the media and people' doubts about a legacy brand going digital in comparison to Netflix. We told stakeholders, "Yeah, we've had a crash, lost data, and need time to figure this out," rather than jumping into solution mode, I said. However, we'll make sure that things return to normal. I then said to the crew, "All right, so this is where we are." Let's focus on finding a solution and separating the problem from the who.That made things more relatable and encouraged cooperation. Because we came together and worked as a single, cohesive team, I believe that's where we found the solution and recovered more quickly than anticipated.  

Published 14 Apr 2025 07:37 PM

In a new covert Santa commercial, IGP adds a gangster touch to office gifts.

In a new covert Santa commercial, IGP adds a gangster touch to office gifts.

IGP debuted a brand-new Christmas advertising campaign. The office Secret Santa in the advertisement has a gangster vibe. It draws attention to likable characters at work. IGP provides a variety of practical presents. The ad highlights growing tendencies in office gifts. The goal of IGP is to simplify corporate gifting.With the debut of its second ad video under the 'Amazing Gifts, Samay Par' campaign, International Gifts Platform, or IGP, has added a humorous and inventive twist by putting a birthday celebration in the Stone Age. This most recent episode satirically reimagines the classic problem of selecting the ideal birthday present, demonstrating that gift selection was important even in prehistoric times. The campaign's main concept is that a well-considered present given at the appropriate moment can have a lasting effect.The advertisement transports us to the Stone Age, when even prehistoric people understood that a birthday celebration wouldn't be complete without the ideal cake. A young cave lad surprises his crush with a delectable cake and blooming flowers from IGP in a world where stone tools are cutting edge and fire is considered a luxury. Every cave-dweller at the gathering is won over by the cake, which becomes the talk of the tribe. The message is clear: a thoughtful, well-timed present can make a lasting impact in any era, whether you are looking for dinner or running contemporary errands!  

Published 13 Dec 2024 10:46 PM

Review of Pushpa 2 The Rule and live updates Rashmika Mandanna and Allu Arjun's movie will be accessible to those with disabilities; BO update

Review of Pushpa 2 The Rule and live updates Rashmika Mandanna and Allu Arjun's movie will be accessible to those with disabilities; BO update

Review of Pushpa 2: The Rule and live updates: Pushpa's follow-up with Director Sukumar: The Rise is about to blow the box office away. Rashmika Mandanna, Fahaadh Faasil, and Allu Arjun are the film's main actors. Allu will play laborer-turned-sandalwood smuggler Pushpa Raj in the follow-up to the Telugu blockbuster from 2021. Rashmika portrays Srivalli, his wife.Tickets for Pushpa 2's December 4 launch are available at select theaters for ₹944 (GST included). The film has surpassed previous marks set by Kalki 2898 AD, Bahubali 2, and KGF 2 to become the fastest film to sell one million tickets on the platform, according to online ticketing portal BookMyShow.Like many recent south-bound films that have shattered records in the Hindi-speaking belt, the movie is expected to gross over ₹60 crore on its first day in the north. The excitement generated by the trailer launch in Patna was just a taste of the excitement that will surround its release.  

Published 05 Dec 2024 08:22 PM

Did artificial intelligence sap Coca-Cola's Christmas cheer?

Did artificial intelligence sap Coca-Cola's Christmas cheer?

Social media users reacted negatively to Coca-Cola's recent AI-generated Christmas advertisements. Many contend that the intended Christmas spirit was overshadowed by the campaign's lack of emotional connection and appropriate execution. Although the advertising' technology was impressive, the narrative fell short of the success of Coca-Cola's seminal 1995 commercial. We sought the opinions of prominent figures in Indian advertising.Social media users made fun of Coca-Cola's AI-generated Christmas advertisements when they were published last month. Some users felt that the magic had been lost in the advertisements, which were meant to honor the brand's famous Coca-Cola Christmas commercials from 1995, "Holidays Are Coming." Experts in the field offer their opinions on whether the recent internet backlash against the cola giant's advertisements is the result of bad execution or AI failure.The CCO of DDB Mudra Group, Rahul Mathew "I believe that a campaign's ambition is what makes it successful. You won't be content until you achieve your goal of being the most talked-about campaign. On the other hand, you will be content that you are out there if your goal is simply to be there. I believe the goal of the Coca-Cola commercial was just to be an AI execution. And rather than being a tale that appeals to everyone's Christmas spirit, that has turned into the commercial's narrative."Animation, CG, AI, and live action are all methods of execution. The customer does.  

Published 04 Dec 2024 10:14 PM

A new RBI governor has been appointed by Revenue Secretary Sanjay Malhotra.

A new RBI governor has been appointed by Revenue Secretary Sanjay Malhotra.

Sanjay Malhotra, a former Revenue Secretary, has been named Reserve Bank of India (RBI) Governor. According to a statement from the administration, he will assume leadership on Wednesday and serve for three years. Mr. Malhotra is an Indian Administrative Service (IAS) officer from the Rajasthan cadre, having been drafted in the 1990 batch. He received a master's degree in public policy from Princeton University in the United States and a bachelor's degree in computer science from the Indian Institute of Technology in Kanpur.In a career spanning over 33 years, Mr Malhotra has worked in several sectors including power, finance and taxation, information technology, mines etc.  

Published 09 Dec 2024 07:42 PM

The Chief Justice withdraws from legal arguments on the employment of poll workers.

The Chief Justice withdraws from legal arguments on the employment of poll workers.

Sanjiv Khanna, the Chief Justice of India, resigned on Tuesday from hearing arguments against the legality of the statute that removed him from the committee responsible for selecting the Chief Election Commissioner and other election commissioners.The Chief Justice, who shared the bench with Justice Sanjay Kumar, informed the petitioners' attorneys that he was unable to hear their plea. "List the matter before a bench of which I am not a part of," he stated.He said that the matter will be heard after the winter break and would be reallocated to a separate bench, excluding the Chief Justice. During that time, the Chief Justice also instructed the Center and other parties to submit answers to the petition.In their representation of the petitioners, senior advocate Gopal Sankaranarayanan and attorney Prashant Bhushan stated that the previous bench, which was led by Justice Khanna, who had not yet been promoted to the position of Chief Justice, had issued interim orders in the case back in March. Notably, the Chief Justice of India was not allowed to serve on the committee that appointed the chief election commissioner (CEC) and other election commissioners as a result of the Election Commissioners' Act, which was approved in December 2023. The Prime Minister, a Cabinet Minister, and the Leader of the Opposition currently make up the appointment panel.A number of individuals, notably the Association for Democratic Reforms and Congressman Jaya Thakur, contested the legality of Section 7 of the Chief Election Commissioner and other Election Commissioners Act, 2023, and requested a halt to its implementation. A different Supreme Court bench, consisting of Justices Sanjiv Khanna and Dipankar Datta, had earlier in March declined to halt the new law's implementation of the appointment of new Election Commissioners (ECs).  

Published 05 Dec 2024 08:52 PM

Election Commission ruling by the Supreme Court: When judicial activism shapes the law

Election Commission ruling by the Supreme Court: When judicial activism shapes the law

By adopting the Constituent Assembly's mantle in its March 2, 2023, ruling, the Supreme Court of India essentially rewrote some of the Constitution's clauses. The Court mandated that revised guidelines for the Election Commissioner's appointment be adhered to.According to these regulations, a committee made up of the Prime Minister, the Leader of the Opposition, and the Chief Justice of India must advise the appointment of the Election Commissioner. The Court defended this by saying that these regulations are necessary to address the "lacuna" in the laws governing this topic. However, it is clear that the Court has acted in flagrant contempt of the doctrine of the separation of powers if we examine the Court's reasoning and the laws pertaining to the appointment of Election Commissioners in greater detail.The Constitution itself, which aimed to create three institutional organs—the legislature, executive branch, and judiciary—is the source of the theory of separation of powers. The Constitution also outlined the roles of these three branches, with the legislature enacting laws, the executive branch enforcing them, and the judiciary rendering decisions. But the same Court that once acknowledged this theory as a component of the Constitution's "basic structure" has now reversed it.  

Published 03 Dec 2024 05:34 PM

Amitesh Jha of Flipkart is appointed CEO of Swiggy Instamart.

Amitesh Jha of Flipkart is appointed CEO of Swiggy Instamart.

With effect from September 4, 2024, Swiggy has named Amitesh Jha as the new CEO of Swiggy Instamart. Jha offers more than 20 years of expertise to the position, having previously worked with Flipkart.The on-demand meal delivery service Swiggy announced in a press release today, August 29, that Amitesh Jha has been named CEO of Swiggy Instamart. On September 4, 2024, Jha will take over as CEO of the fast commerce company.As competition intensifies in the rapid commerce space, Swiggy has made a move into larger e-commerce categories by appointing Flipkart veteran Amitesh Jha as the new CEO of Instamart.Amitesh Jha, a Flipkart veteran, was named CEO of Swiggy Instamart by IPO-bound Swiggy at a time when rapid commerce competitors are preparing for a fierce competition with e-commerce behemoths. The hiring of Jha reflects the desire of rapid commerce companies to expand beyond grocery by entering e-commerce markets that have historically been robust, such electronics, fashion, and clothing. According to his LinkedIn page, Jha, who has 14 years of experience at Flipkart, was most recently the Senior Vice President of Category and Marketplace, where he oversaw high-growth companies that accounted for 70% of transactions on the Walmart-owned e-commerce platform.Swiggy Group CEO Sriharsha Majety highlighted Jha's "extensive experience in leading core categories such as smartphones, general merchandise, fashion, and large appliances, as well as managing their logistics arm" when he explained why the former Flipkart executive was chosen to lead Instamart. Protecting Swiggy Instamart's market share, which UBS thinks is currently between 20 and 25 percent, compared to Bernstein's projections of 35 to 39 percent in 2023, is one of Jha's biggest problems. In addition to market leader Blinkit's steady rise, BigBasket's complete focus on speedy commerce and Zepto's charge, which is being supported by $1 billion in new funding, are the main causes of the assault.  

Published 02 Dec 2024 11:47 PM

At Cannes, did Urvashi Rautela's wardrobe malfunction? A viral video raises questions on the internet.

At Cannes, did Urvashi Rautela's wardrobe malfunction? A viral video raises questions on the internet.

During the 2025 Cannes Film Festival, Urvashi Rautela just had a "oops" moment. This is the response from the internet. At the 78th Cannes Film Festival, Urvashi Rautela is drawing attention with her daring dress choices and strong style. Urvashi attended the screening of the Brazilian film O Agente Secreto (L'Agent Secret / The Secret Agent) for the second time on Sunday. And for reasons she most likely did not anticipate, her red carpet appearance soon became the talk of the town.Urvashi Rautela is seen in a striking black gown in images and videos that are doing the rounds on the internet. However, neither the shine nor the silhouette attracted much notice on the internet. When she raised her arm to wave at the cameras, a noticeable hole appeared close to her underarm, and it was the actual "oops" moment. The wardrobe malfunction was quickly noticed by astute internet users, and social media was inundated with responses.Urvashi Rauteka's red carpet footage was posted on Instagram Stories by fashion commentator Diet Sabya, who said, "Dekho, gotta respect the hustle." I'm sorry for her, Bichari. It is essentially the kiss of death to walk the Cannes red carpet without any paparazzi. "Is that a hole there?????" was one of the comments on the video.  

Published 19 May 2025 05:33 PM

Tom Cruise's Mission: Impossible: Final Reckoning Receives a 5-Minute Standing Ovation at Cannes 2025. View Nighttime Photos

Tom Cruise's Mission: Impossible: Final Reckoning Receives a 5-Minute Standing Ovation at Cannes 2025. View Nighttime Photos

According to The Hollywood Reporter, Hollywood actor Tom Cruise arrived at the Cannes Film Festival in style on Wednesday night, thrilling fans as he made his way to the premiere of his new movie, "Mission: Impossible -- The Final Reckoning."Christopher McQuarrie, his longtime partner and director, accompanied the 61-year-old actor on the red carpet. The star was spotted signing autographs and taking photographs with admirers. When fans saw the actor, they were also seen waving posters and other items from Cruise's previous movies, such as Mission: Impossible II and The Last Samurai. According to The Hollywood Reporter, some even made a little homage to Cruise's Top Gun co-star Val Kilmer. This time, after its Wednesday debut at the Grand Theatre Lumiere, Tom Cruise's film earned a thunderous 5-minute standing ovation.It was seen that the Hollywood celebrity thanked the festival attendees. He reflected on his thirty years as the face of Mission: Impossible and remarked, "I'm very grateful to be a part of this franchise."The actor also gave the director, who has directed four of the franchise's movies, respect. Tom Cruise referred to the filmmaker as "absolutely brilliant," saying, "Every step of the way, what you've done, how you've expanded it, how you just went beyond our expectations." "I couldn't have imagined anything like this as a child, to be here in Cannes and have these moments," he remarked. "I'm really appreciative that I've been able to amuse you with this franchise for thirty years."  

Published 15 May 2025 03:33 PM

Day 10 of Pushpa 2 (Hindi) Trends in the Box Office: The biggest second Saturday in Hindi cinema history is achieved by the Allu Arjun film.

Day 10 of Pushpa 2 (Hindi) Trends in the Box Office: The biggest second Saturday in Hindi cinema history is achieved by the Allu Arjun film.

Pushpa 2: The Rule (Hindi), starring Allu Arjun, is an unstoppable force at the box office, setting yet another record on the second Saturday. Early trends indicate that the Sukumar-directed film hopes to earn between Rs 41.00 crore and Rs 43.00 crore on the tenth day, bringing its total earnings to Rs 458 crore. With a gross of Rs 33.00 crore, the Shraddha Kapoor and Rajkummar Rao-starring Stree 2 was the most grossing second Saturday in Hindi cinema history.The movement and momentum in the evening and night shows will determine if Pushpa 2 will even approach the Rs 45 crore milestone on the tenth day. If it succeeds, Pushpa 2's second Saturday will gross more than Stree 2's second Sunday (Rs 42 crore), which says a lot about the movie's dominance at the box office. Pushpa 2's second weekend could bring in close to Rs 115 crore, which would once again be the largest amount ever made.After surpassing the box office receipts of Animal, Bahubali 2, Pathaan, and Gadar 2 in just 13 days, the Allu Arjun flick is expected to surpass the Rs 500 crore mark on Sunday and rank as the third-biggest Hindi feature film ever by Tuesday. In order to become the most successful Hindi film ever and the first to ever reach the Rs 600 crore milestone, the movie will then be vying for the box office receipts of Jawan and Stree 2.  

Published 14 Dec 2024 08:54 PM

Day 6 global box office receipts for Pushpa 2 The Allu Arjun-Rashmika Mandanna film is the quickest Indian production to reach the Rs 1000 cr milestone.

Day 6 global box office receipts for Pushpa 2 The Allu Arjun-Rashmika Mandanna film is the quickest Indian production to reach the Rs 1000 cr milestone.

Day 6 box office collection for Pushpa 2: The Rule: The movie starring Rashmika Mandanna and Allu Arjun had a fantastic first weekend at the box office. Indeed, the movie saw a sharp decline in box office receipts on Monday as the week began, despite doing exceptionally well in the first four days. According to reports, Pushpa 2: The Rule made Rs 1000 crore today worldwide. The makers claim that Pushpa 2 is now the fastest Indian movie to join the exclusive membership.As of yet, Pushpa 2 has not made Rs 650 crores at the domestic box office. The Hindi box office receipts for Pushpa 2 were reported by trade analyst Taran Adarsh. The force of "PUSHPA 2" is unstoppable. Unflappable at the #BO, #Pushpa2 extends its winning streak. Its #Blockbuster reputation is cemented by the astounding weekday patterns on Monday and Tuesday. The movie should become the fastest to reach the ₹ 400 cr milestone today [Wednesday; Day 7], given its incredible hold on weekdays. Going forward, it is anticipated that #Pushpa2's outstanding performance in *Weekend 2* will be bolstered by the lack of new releases this Friday, paving the way for a grand entrance into the ₹ 500 cr Club. [First Week] Pushpa2 Sat: 74 cr, Fri: 59 cr, Thu: 72 crThe Telugu version of Pushpa 2 made Rs 11 crores on the sixth day. On Tuesday, the Tamil version brought in Rs 2.5 crores, Kannada brought in Rs 0.4 crores, while Malayalam only brought in Rs 0.5 crores. The action drama made over Rs 150 crores on its first day of release. Unexpectedly, the Telugu version of the movie showed a surge in occupancy. The Telugu version of the movie had an occupancy of 34.79 percent on Tuesday, compared to 25.87 percent on Monday. Additionally, the general occupancy of the Hindi version of Pushpa 2 increased. The occupancy increased to 38.76 percent on Tuesday from 24.83 percent on Monday.  

Published 11 Dec 2024 08:18 PM

Today's stock market: Asian stocks are divided as Wall Street emerges from its holiday-season slump

Today's stock market: Asian stocks are divided as Wall Street emerges from its holiday-season slump

HONG KONG (AP) — Following Wall Street's recovery from the holiday season blues, Asian stocks are uneven, with markets in China and Tokyo seeing declines.As Tokyo's market reopened following the lengthy customary holiday, the finance minister of Japan rang in the New Year, and employees wearing suits and kimonos applauded for good fortune in 2025.Katsunobu Kato, the finance minister, declared that the Japanese government would take action to assure economic growth driven by investment and salary rises. He also promised to "grasp signs of recovery" and make sure that "every single citizen can feel the improvement in their salaries."Much of Asia has been wary of possible changes under President-elect Donald Trump, who has pledged to drastically increase tariffs on imports from China and other nations, which might impede growth for a region that depends significantly on trade. After U.S. President Joe Biden turned down Nippon Steel's roughly $15 billion offer to buy Pittsburgh-based U.S. Steel Corp., the company was predicted to file a lawsuit. On Monday, Nippon Steel's stock dropped 0.7% in Tokyo. On Friday, U.S. Steel's stock fell 6.5%. Hong Kong's Hang Seng fell 0.5% to 19,654.82, while Tokyo's benchmark Nikkei 225 index fell 1.6% to 39,258.25. At 3,194.20, the Shanghai Composite index fell 0.5%.  

Published 06 Jan 2025 10:33 PM

FPIs Lower Paytm Stakes to Less Than 1%

FPIs Lower Paytm Stakes to Less Than 1%

OVERVIEW Tiger Pacific Master Fund owned 1.03% of the shares in the June quarter, UBS Principal Capital Asia owned 1.06%, and Societe Generale owned 1.98%. The company's total FPI ownership fell from 20.04% in the prior quarter to 16.77% in the September quarter. On the BSE, Paytm's shares closed Thursday's trading session 3.47% lower at INR 696.35.Tiger Pacific Master Fund, UBS Principal Capital Asia, and Societe Generale are among the foreign portfolio investors (FPIs) who have decreased their investments in Paytm.Paytm Datalabs_in-article-iconTiger Pacific Master Fund owned 1.03% of the shares in the June quarter, UBS Principal Capital Asia owned 1.06%, and Societe Generale owned 1.98%.These stakes dropped below 1% at the end of September, therefore they were not included in the most recent data that was made public.In the quarter that ended in September, the total FPI ownership in the business fell from 20.04% to 16.77%. Paytm has been contacted by Inc42 to provide feedback on the development. The response will be used to update the story.On the BSE, Paytm's shares closed Thursday's trading session 3.47% lower at INR 696.35.In the quarter that ended in September, the holdings of foreign portfolio investors (FPIs) Societe Generale, Tiger Pacific Master Fund, and UBS Principal Capital Asia in One 97 Communications fell below 1%. Due to general market weakness, Paytm's shares fell 3% intraday to a low of Rs 700 on the BSE.  

Published 17 Oct 2024 05:24 PM

F&O-banned stocks on July 15, 2024

F&O-banned stocks on July 15, 2024

On Monday, July 15, 2024, the National Stock Exchange (NSE) imposed a trading suspension on eleven equities in the futures and options (F&O) segment.These stocks were prohibited because their market-wide position limit (MWPL) exceeded 95%. These equities can still be traded in the cash market even though they are prohibited in the F&O segment.The list of securities subject to the F&O prohibition is updated on a regular basis by NSE. The following stocks are prohibited as of July 15:Aditya Birla Fashion and Retail Balrampur Chini Mills Bandhan Bank Chambal Fertilisers and Chemicals GMR Infra GNFC IEX India Cements Indus Towers Piramal Enterprises RBL BankDerivative contracts for these securities were included in the embargo period, according to the NSE, because they exceeded 95% of the MWPL. Clients and members may only trade in these assets' derivative contracts during this prohibition period in order to offset their positions and decrease their holdings. Any increase in available employment will be met with the proper legal and disciplinary measures. During the ban period, no new positions are allowed in the F&O contracts of stocks.  

Published 15 Jul 2024 05:57 PM

After a 20% gain in a month, will Wipro's stock reach its one-year highs again?

After a 20% gain in a month, will Wipro's stock reach its one-year highs again?

Wipro stock price: At Rs 530.70, the stock was last seen trading 3.07 percent higher. It has increased 19.54% at this pricing in the last month. The share price was down 2.82 percent from its 52-week high of Rs 546.10, which was reached on February 2 of this year, notwithstanding the aforementioned increase.Wipro Ltd.'s shares increased 4% on Monday to reach a high of Rs. 535.50. At Rs 530.70, the stock was last seen trading 3.07 percent higher. It has increased 19.54% at this pricing in the last month. The share price was down 2.82 percent from its 52-week high of Rs 546.10, which was reached on February 2 of this year, notwithstanding the aforementioned increase. "The relative value of IT equities appears advantageous when looking at it in the long run. Long-term investors may want to look into equities like Wipro," said WealthMills Securities Director of Equity Strategy Kranthi Bathini.Having said that, Bathini continued, "the upcoming quarterly results and guidance will be extremely crucial going forward." Support for the counter's technical configuration was visible in the Rs 500–490 area. Additionally, additional upside requires a firm close above Rs 545.Wipro has gained a lot of momentum after breaking beyond the Rs 500 barrier. On an intermediate perspective, the stock is ready to attempt the recent swing high of Rs 545. It would be important to keep an eye on the counter for a breakout above the indicated zone, as this might lead to significant traction in a similar amount of time. Any short-term hiccup is probably to be cushioned on the lower end by Rs 500–490, according to Osho Krishan, Senior Research Analyst, Technical & Derivatives at Angel One.  

Published 01 Jul 2024 05:30 PM

The message of Maharashtra's unexpected and historic victory is for Viksit Bharat Sitharaman Nirmala

The message of Maharashtra's unexpected and historic victory is for Viksit Bharat Sitharaman Nirmala

Union Finance Minister Nirmala Sitharaman described the victory of the BJP-led Mahayuti alliance as "unexpected and unprecedented," saying that the Maharashtra elections were not your typical assembly elections and that the result sent a strong message for "Viksit Bharat."Additionally, the Union Minister congratulated Devendra Fadnavis on his election as the Maharashtra BJP legislative party's leader."I congratulate all elected MLAs," Sitharaman stated at the legislative party gathering. I congratulate Devendra Fadnavis on his election as the legislative party's leader. The 14 crore votes cast in this election send a message to the entire country of India. This election was not your typical assembly election. Following the Lok Sabha elections, the country's voters clearly gave their consent in the elections of Haryana and Maharashtra. Maharashtra's unexpected and historic triumph.Sitharaman went on to say that Maharashtra's next "double-engine" administration will be more effective in all areas, including AI technology, industry, farmers, investment, and regional development. "I think that the uncertainty brought about by the previous governments, which were led by the Congress and coalition, exhausted the people of Maharashtra and the country. Under the PM's direction, the double engine government will seek to advance while meeting the PR.  

Published 05 Dec 2024 08:33 PM

The Union Budget 2024 may see the government loosen the 45-day payment restriction for MSMEs.

The Union Budget 2024 may see the government loosen the 45-day payment restriction for MSMEs.

According to insiders, the government may decide to loosen the rule requiring MSMEs to be paid for goods and services within 45 days of the purchase in order to deter big corporations from exploring alternative sources of funding This could be announced in the budget, which is expected to be delivered on July 23.Overview. The government is thinking about easing the 45-day payment deadline for MSMEs in an effort to keep big businesses from looking for alternative suppliers. It is possible that this modification to Section 43B(h) of the Income Tax Act would be disclosed in the forthcoming July 23 Budget. As per the Finance Act 2023's introduction of Section 43B(h) of the Income Tax Act, a larger company may face greater taxes if it fails to pay an MSME within the stipulated timeframe of 45 days for written agreements. This is because the firm cannot deduct the payment from its taxable income.The amendment was introduced to allow MSMEs to receive payments on time, but many of them expressed fear, according to sources. They said they were afraid that large corporations might ask their vendors to give up their MSME registration in order to do business with them, or they might shift their sourcing requirements to larger firms in an effort to protect their interests.  

Published 09 Jul 2024 06:19 PM

2024 Budget Why this July, in July, Nirmala Sitharaman will release the budget

2024 Budget Why this July, in July, Nirmala Sitharaman will release the budget

Nirmala Sitharaman would thus become the first finance minister to introduce seven Union Budgets in a row.The Union Budget 2024 for the fiscal year 2024–25 is anticipated to be presented by Finance Minister Nirmala Sitharaman in the second part of July. By doing this, she will beat Morarji Desai, who presented six consecutive Budgets, to become the first Finance Minister to present seven successive Union Budgets. The most comprehensive report of the central government's finances, the budget estimates the government's revenue and expenditures and includes information on all sources of revenue as well as government-incurred costs.In recent years, February 1 has been the day for the presentation of the Union Budget. On February 1st of this year, Nirmala Sitharaman presented the Interim Budget for FY24, given that it was an election year. This year's Lok Sabha elections saw the BJP-led National Democratic Alliance (NDA) defeat the opposition's INDIA alliance for the third time in a row. As a result, Nirmala Sitharaman will give the Union Budget in its entirety the following month.The 18th Lok Sabha's first session, which convened on June 24, is now in progress. The session, which ends on July 1, has already seen the swearing-in of new members and a joint sitting of the Rajya Sabha and Lok Sabha on June 27 during which President Droupadi Murmu delivered a speech.  

Published 01 Jul 2024 06:26 PM

Road safety and enforcement checkpoints will be erected; the MP government eliminates transport checkposts at interstate boundaries.

Road safety and enforcement checkpoints will be erected; the MP government eliminates transport checkposts at interstate boundaries.

The government of Madhya Pradesh is going to establish new road safety and enforcement checking stations and has eliminated the transport check posts at interstate borders. There will be 45 checking points set up initially, and until these points are operational, enforcement will be temporarily handled by mobile forces. Home guards, enforcement officers, and district transport office officials will make up these mobile units. With effect from today, the Madhya Pradesh government eliminated the transport checkpoints at the state's interstate borders and announced the establishment of new road safety and enforcement checkpoints.In the first phase of the state under the new system, 45 checking points will be implemented. In the interim, before the new checkpoints are prepared, mobile units made up of house guards, district transport office employees, and enforcement personnel will be established.In a video conference meeting with officials on Sunday at CM House, Chief Minister Mohan Yadav gave orders for district-level administrative and police personnel to assist the Transport Department in implementing the new system.  

Published 12 Aug 2024 10:23 AM

Is the 'Caveman Skincare Routine' a hoax in terms of hygiene?

Is the 'Caveman Skincare Routine' a hoax in terms of hygiene?

I'm a regular TikTok scroller (the four hours of screen time a day speaks for itself), and I've seen a ton of beauty films, from popular trends to amazing hacks that would put a Victorian kid in a coma. The caveman skincare method, however, may just take the biscuit—or perhaps I should say water—as the most talked-about topic on SkinTok lately.The 'Caveman Skincare Method' is the skincare regimen that TikTok creator Tia Zakher has lately described in a number of videos on the platform. "After 8 years of picking and over-exfoliating, I'm healing my skin barrier by doing the one thing I never tried before... absolutely nothing," Tia explains in a video that has received 9.7 million views. In other words, she has stopped using water in addition to all skincare products (I'm referring about moisturizer, exfoliant, and cleanser). Tia responded to Cosmopolitan UK's inquiry on why she chose to utilize the caveman skincare method by saying, "I decided to do it because I wanted to try a different approach and I do think it's working for me."  

Published 28 May 2025 07:49 PM

According to Instagram, rubbing raw ginger can help clear up acne. Are dermatologists in agreement?

According to Instagram, rubbing raw ginger can help clear up acne. Are dermatologists in agreement?

Another day, another Instagram beauty tip that has gone viral. You surely have a feed full of skincare tips on how to treat acne if you have it, like I do. Social media is using natural components from your kitchen, such as flax seeds for "botox" and raw garlic. This time, raw ginger is the focus, as influencers assert that applying it topically can help eradicate acne. It seems like a simple solution to acne, doesn't it?Innumerable videos of Indian skinfluencers with radiant skin can be found online these days, stating that the key isn't pricey facials but rather applying raw ginger directly to acne outbreaks to treat them right away. But is this spicy suggestion really supported by any science?To find out if this pattern is reliable, let's take a closer look and get some professional guidance.What are the opinions of experts? First, let's get this out of the way. Anything is not necessarily beneficial to your skin just because it is natural. particularly when used undiluted and raw. Senior consultant dermatologist Dr. Gulhima Arora of Mehektagul Dermaclinic states that ginger has only been indirectly shown to be effective in treating acne in scientific studies. It shouldn't be regarded as the primary or first line of treatment. She emphasizes that acne is a complex condition and that not all of its triggers can be addressed by a single spice.Dermatologist and Kaya Limited medical advisor Dr. Saranya B concurs, saying that using raw ginger to the face is not a clinically validated method of treating acne. Despite its antibacterial and anti-inflammatory qualities, direct application may irritate skin. According to Skin Smart Solutions' founder and principal dermatologist, Dr. Bindu Sthalekar, "there is no scientific proof that applying raw ginger topically treats acne." Theoretically, it might be beneficial, but only if taken in conjunction with other drugs and with good tolerance.  

Published 17 Apr 2025 08:57 PM

How to get ready for a multilingual child

How to get ready for a multilingual child

You can do a lot to set the stage for your child to learn the languages you want them to know before they are born.For every new parent, expecting a child—especially their first—is a lot. Where the baby will sleep, how to arrange for feeding, changing, and bathing, and how to set up your work schedule so that you or another caregiver can spend time with the child are just a few of the many unknowns and preparations that need to be made. If you are able to speak multiple languages, you might want your child to be able to speak them as well.Although this isn't always the case, many people in the English-speaking world know very little about any other language. Nearly 60% of EU citizens between the ages of 25 and 64 are "good" or "proficient" in at least one language other than their first. Many youngsters can anticipate having several first languages as they are born into households where multiple languages are spoken on a regular basis. It's possible that your parents speak various first languages or that you were raised speaking multiple first languages. Neither parent's first language may be the one spoken by the majority of people outside the family.You can do a lot to set the stage for your child to learn the languages you want them to know before they are born. Parents might talk about the language skills they hope their child will acquire. Which language or languages should your child learn as their first language from the beginning? Generally speaking, the original language or languages are more developed than subsequent languages. If more than three or four languages are involved, you might have to prioritize due to practical constraints. Making sure the child receives adequate, consistent exposure to and contact with each language they are learning is crucial. Parents frequently desire to engage with their infant in the  

Published 03 Jan 2025 09:02 PM

Indian-American Miss India USA 2024, born in Chennai

Indian-American Miss India USA 2024, born in Chennai

Caitlin Sandra Neil, an Indian American girl from Chennai, won the title of Miss India USA 2024 at the yearly contest in New Jersey.Ms. Caitlin, 19, is a University of California, Davis second-year student. "I want to leave a positive lasting impact on my community and focus on women's empowerment and literacy," Caitlin was quoted as saying in a press statement.Ms. Caitlin was born in Chennai, India, and has spent the previous 14 years in the United States. She aspires to work as a web designer in addition to modeling and acting.In the pageant run by the India Festival Committee (IFC), Sanskriti Sharma from Illinois was named Mrs. India USA, and Arshita Kathpalia from Washington was crowned Miss Teen India USA. Caitlin Sandra Neil and Sanskriti Sharma were crowned Miss India USA 2023 by Rijul Maini and Mrs. India USA 2023 by Sneha Nambiar. In the Miss India USA contest, Manini Patel of New Jersey and Nirali Desia of Illinois were crowned first and second runners-up, respectively. In the Mrs. India USA contest, Virginia's Sapna Mishra and Connecticut's Chinmayee Ayachit were crowned first and second runner-up, respectively. According to the press release, Sonali Sharma and Dhriti Patel of Rhode Island were named the teen category's first and second runners-up, respectively. Twenty-five states sent forty-seven participants to compete in the pageant's three divisions.  

Published 21 Dec 2024 03:41 PM

BCCI vice-prez Rajeev Shukla says the IPL 2025 will start on March 23. The Champions Trophy squad announcement date has been announced.

BCCI vice-prez Rajeev Shukla says the IPL 2025 will start on March 23. The Champions Trophy squad announcement date has been announced.

Rajeev Shukla said the IPL 2025 starts on March 23 and disclosed the date for India's Champions Trophy team release.Vice-president Rajeev Shukla of the Board of Control for Cricket in India (BCCI) has confirmed that the much-anticipated Indian Premier League (IPL) 2025 would begin on March 23. Shukla disclosed the tournament's start date to the media on Sunday after the BCCI general meeting.Important decisions pertaining to the management of Indian cricket were taken at the BCCI meeting on January 12 in addition to the announcement of the IPL's start date. According to Shukla, Prabhtej Singh Bhatia has been elected as the BCCI treasurer, while Devajit Saikia will take Jay Shah's place as the organization's new secretary. He added that the 2025 Women's Premier League (WPL) venues will be revealed soon, and that the Champions Trophy teams meeting will be held between January 18 and 19. However, there have been differing claims regarding the IPL's start date. According to ESPNCricinfo, the competition will really commence on March 21. According to a BCCI insider cited by PTI, the competition would start on "March 20 or 21."Gautam Gambhir and Indian captain Rohit Sharma attended the review meeting on Saturday in response to India's dismal showing in the Border-Gavaskar Trophy, where the team lost 1-3 to Australia. Another 0–3 clean-sweep loss to New Zealand at home came before the series. "The Border Gavaskar Trophy performance, what went wrong, and the necessary course adjustment were all covered in depth. However, do not anticipate a hasty decision from the new BCCI administration," a source familiar with Board events told PTI under anonymity.  

Published 13 Jan 2025 09:45 PM

The 'Made of Bold' sports development initiative is launched by RCB.

The 'Made of Bold' sports development initiative is launched by RCB.

RCB's "Made of Bold Sports Development Programme" was started with the goal of identifying and developing athletes from all over the world.To find talent and develop athletes from all over the world, the Royal Challengers Bengaluru (RCB) started the "Made of Bold Sports Development Programme."On Thursday, the RCB issued a statement that read, "With a vision to unearth talent and nurture athletic champions from across regions, the Royal Challengers Bengaluru (RCB) are elated to announce the Made of Bold Sports Development Programme launch.""RCB's larger goal of creating a Sports Forward Nation, which aims to create a strong and sustainable sports ecosystem for India, includes the Made of Bold program as a key component. In order to promote active sports growth in the nation, this initiative seeks to find and develop athletes as well as start a conversation among important industry players," Rajesh Menon, Vice President and Head of RCB, stated in a news release. "We firmly think that when communities and sports come together, everyone benefits in the long run. This is for the socioeconomic impact on the neighborhood as well as for the talent that has been found and developed. With an emphasis on using sports as a bridge to underprivileged areas, we hope to accomplish this through RCB's Made of Bold Sports Development Programme in support of long-term development," he continued.Shreyanka Patil, the star cricket player for the Royal Challengers Bangalore (RCB), spoke on the program, saying, "I am very excited to see the 'RCB's Made of Bold Sports Development Programme' begin. Creating inclusivity and providing a platform for athletes and their communities to flourish is exactly what we Indian athletes need. This program is a good start for India, a huge country with a lot of unrealized sporting potential.  

Published 21 Dec 2024 03:44 PM

In a live interview, Jasprit Bumrah gives Sanjana Ganesan a hug the video goes viral online.

In a live interview, Jasprit Bumrah gives Sanjana Ganesan a hug the video goes viral online.

In addition, Jasprit Bumrah won Player of the Tournament with 15 wickets in eight games.After Team India won the T20 World Cup 2024, the hurts from their failure in the ODI World Cup 2023 final were salted on Saturday. In the last game, Team India defeated South Africa by a margin of seven runs, led by captain Rohit Sharma. India played brilliantly and were undefeated throughout the competition. One of the main factors in India's triumph at the major tournament was pacer Jasprit Bumrah, who drove his side to victory in numerous games with his amazing spells.Bumrah Jasprit gives Sanjana Ganesan a hug. Video Breaks the Internet During a Live InterviewIn addition, Jasprit Bumrah won Player of the Tournament with 15 wickets in eight games.Sports Desk on NDTVUpdated at 02:19 PM IST on July 01, 2024Two minutes to read In a live interview, Jasprit Bumrah gives Sanjana Ganesan a hug; the video goes viral online. Sanjana Ganesan and Jasprit Bumrah together© X (Twitter) After Team India won the T20 World Cup 2024, the hurts from their failure in the ODI World Cup 2023 final were salted on Saturday. In the last game, Team India defeated South Africa by a margin of seven runs, led by captain Rohit Sharma. India played brilliantly and were undefeated throughout the competition. One of the main factors contributing to India's victory in the majorThe fans were astonished by the top pacer's performance. Such "couple goals" moments are what Bumrah and Sanjana are renowned for providing their fans with. In eight matches, Bumrah took 15 wickets and won Player of the Tournament. He was instrumental in India's triumph over the Proteas in the summit confrontation. You can only listen to the newest music on JioSaavn.com. "Normally, I'm the one who makes an effort to control my emotions so that I can concentrate on my work, but right now, my emotions are taking control and I'm running out of words. After a game, I don't normally cry, but this one feels very meaningful. We thought we were in trouble halfway through, but to pull off a victory like this is  

Published 01 Jul 2024 05:26 PM

Shah Rukh Khan declared he would give a  flying kiss  to celebrate winning the IPL. Rana Harshit

Shah Rukh Khan declared he would give a flying kiss to celebrate winning the IPL. Rana Harshit

Rana was instrumental in the Kolkata Knight Riders' IPL victory, taking 19 wickets in 13 matches. The Delhi speedster's aim is to play for India after his breakout IPL season.The Kolkata Knight Riders (KKR) team ran on the engine of Harshit Rana, who went on to win the championship three times. Harshit, the uncapped Indian bowler, came through for his team during the first half of the IPL when Mitchell Starc was having trouble keeping his rhythm. In 13 games, he claimed 19 wickets. After being interviewed by The Indian Express, Harshit, 22, talks about his experience in the IPL, what Shah Rukh Khan promised him, why he began playing cricket, and his future aspirations.  

Published 12 Aug 2024 10:24 AM

The PM claims that concentrating only on commerce in the South Pacific won't help New Zealand

The PM claims that concentrating only on commerce in the South Pacific won't help New Zealand "get rich."

Important Points The most recent nation to enter into an economic alliance with the United Arab Emirates is New Zealand. The prime minister of New Zealand told CNBC that in order to find economic prospects, the South Pacific island nation must go outside of its immediate area. Prime Minister Christopher Luxon sees an opportunity to increase bilateral trade between the UAE and New Zealand through the free trade agreement inked on Monday.As the South Pacific island nation forges an economic alliance with the United Arab Emirates (UAE), the prime minister of New Zealand told CNBC that the nation must search for trade prospects outside of its immediate borders. Prime Minister Christopher Luxon views the free trade agreement, officially known as the Comprehensive Economic Partnership Agreement (CEPA), as an opportunity to increase bilateral trade between the two nations and positions the United Arab Emirates as one of the Middle East's biggest marketplaces.Luxon told CNBC Monday, "We have a long-standing relationship that dates back more than 40 years of diplomatic recognition, and the opportunity now is to deepen and broaden the economic relationship. "The signing of the CEPA and the bilateral investment treaty is crucial because, in reality, these two small, developed economies share many values and similarities, and we hope to be able to collaborate and strengthen our relationship.  

Published 15 Jan 2025 07:59 PM

As the nation commemorates the centennial of Vajpayee's birth, his legacy endures.

As the nation commemorates the centennial of Vajpayee's birth, his legacy endures.

The centennial of Atal Bihari Vajpayee honors his important political accomplishments to India. He served a full term as India's first prime minister who was not a member of the Congress. Vajpayee continues to play an admirable role in Indo-Pakistan ties, coalition politics, and effective administration. He was a great statesman and orator who had a long-lasting effect on national policy and parliamentary democracy in India.Using his trademark flourish, Atal Bihari Vajpayee made one of his most well-known predictions during the BJP's first convention at Shivaji Park in Mumbai on December 30, 1980: "Andhera chhatega, suraj niklega, kamal khilega" (darkness will end, the sun will rise, lotus will bloom). His remarks have held up well as the centennial of his birth approaches, with lotuses in full bloom and the BJP regaining control of the center for a third consecutive term.Vajpayee assisted the BJP in gaining traction when its cultural goal was viewed as anathema, if Prime Minister Narendra Modi made it the focal point of national politics.In a world full of powerful satraps, India's first non-Congress prime minister to serve a full term was a statesman politician and an unmatched orator who garnered admiration and respect from people on both sides of the political spectrum. He stood tall with his natural democratic spirit, which he had developed over decades of opposition.  

Published 24 Dec 2024 10:43 PM

The message of Maharashtra's unexpected and historic victory is for Viksit Bharat Sitharaman Nirmala

The message of Maharashtra's unexpected and historic victory is for Viksit Bharat Sitharaman Nirmala

Union Finance Minister Nirmala Sitharaman described the victory of the BJP-led Mahayuti alliance as "unexpected and unprecedented," saying that the Maharashtra elections were not your typical assembly elections and that the result sent a strong message for "Viksit Bharat."Additionally, the Union Minister congratulated Devendra Fadnavis on his election as the Maharashtra BJP legislative party's leader."I congratulate all elected MLAs," Sitharaman stated at the legislative party gathering. I congratulate Devendra Fadnavis on his election as the legislative party's leader. The 14 crore votes cast in this election send a message to the entire country of India. This election was not your typical assembly election. Following the Lok Sabha elections, the country's voters clearly gave their consent in the elections of Haryana and Maharashtra. Maharashtra's unexpected and historic triumph.Sitharaman went on to say that Maharashtra's next "double-engine" administration will be more effective in all areas, including AI technology, industry, farmers, investment, and regional development. "I think that the uncertainty brought about by the previous governments, which were led by the Congress and coalition, exhausted the people of Maharashtra and the country. Under the PM's direction, the double engine government will seek to advance while meeting the PR.  

Published 05 Dec 2024 08:33 PM

Election 2024 Live  By 1 pm, voter turnout in Maharashtra was 32.18%, while in Jharkhand, it was 47.92%.

Election 2024 Live By 1 pm, voter turnout in Maharashtra was 32.18%, while in Jharkhand, it was 47.92%.

Election 2024 Live: On Wednesday, by-elections are being held for 15 assembly seats in Uttar Pradesh, Punjab, Kerala, and Uttarakhand in addition to the Maharashtra and Jharkhand legislative assembly elections.Election 2024 Live: On Wednesday, November 20, Maharashtra and Jharkhand will hold assembly elections. All 288 seats in the Legislative Assembly of Maharashtra are up for election in a single phase. But in Jharkhand, where voting for 43 constituencies was held on November 13 with a 64.86 percent voter turnout, polling is being held for the remaining 38 seats. has been is now being is just being is really being is still being is already being is also being has been being is always being is only being was already being will be can be itself is must be would be also is could be may be might be had been is should be being was then is then is now is mostly is really is always is again is sometimes is also is already is further is just is either is first is often gets is only is still is even has already beenBy-elections for 15 assembly seats in Uttar Pradesh, Punjab, Kerala, and Uttarakhand are also taking place on Wednesday in addition to the legislative assembly elections in these two states. Voting in Maharashtra's 288 constituencies began at 7 a.m. and will end at 6 p.m. There are 9,64,85,765 registered voters in Maharashtra, including 1,16,355 service voters. In the entire state, 1,00,186 polling places have been set up by the Election Commission of India (ECI).Since the most recent assembly elections, Maharashtra's political climate has undergone substantial changes. Former allies the BJP and Shiv Sena ran against the Congress and the NCP, led by Sharad Pawar. The Congress, NCP, and Shiv Sena formed the Maha Vikas Aghadi (MVA) coalition after the BJP-Shiv Sena alliance broke up due to disagreements over the chief minister's responsibilities. In contrast, polling in Jharkhand started at 7 am at 14,218 polling places and will run until 5 pm, with the exception of 31 booths, which will close at 4 pm.  

Published 20 Nov 2024 04:53 PM

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OnePlus 13 might come with improved cameras, new design: All we know

OnePlus 13 might come with improved cameras, new design: All we know

It has been over three months since OnePlus launched its flagship phone, the OnePlus 12 in China. A month after that, the phones were launched globally in January this year. And now, rumours regarding the OnePlus 13 have already started surfacing. The upcoming OnePlus flagship could sport an entirely new design, as well as improved camera capabilities, as per recent leaks. Read on to know more about OnePlus 13 and how it is going to raise the bar for the brand.According to reliable leakster Digital Chat Station's post on Weibo, the OnePlus 13 might come with significant camera and design changes. While specifics remain rather unclear, the distinctive camera housing used in the OnePlus 12 is expected to undergo a transformation. The 50-megapixel main camera and the periscope camera, which had a 64-megapixel capacity and 3x optical zoom in the OnePlus 12, are reportedly under development. Digital Chat Station also hints at possible improvements, drawing attention to OnePlus being a subsidiary of Oppo, which boasts superior cameras in its Oppo Find X7 Ultra flagship. This includes a distinct 50-megapixel main sensor and a pair of 50-megapixel periscope cameras, one providing 6x optical zoom. The OnePlus 13 may inherit some of these advancements.Beyond cameras, the leaks suggest the OnePlus 13 might run on a Snapdragon 8 Gen 4 chipset, a predictable upgrade from the current Snapdragon 8 Gen 3. In addition to this, the anticipated December release of the smartphone could position it amongst the first smartphones featuring this high-end silicon. Additionally, the OnePlus 13 is rumored to retain a 2K screen and incorporate an ultrasonic fingerprint sensor for enhanced security, according to another leaker, Smart Pikachu. It is to be noted that all these details at this point are mere speculations. We will know more about the smartphone when the brand officially decides to spill the beans on what users can expect from their next flagship device.Recently, a tipster also shared details about possible specs of the upcoming OnePlus Nord 5 smartphone. While OnePlus is yet to confirm the OnePlus Nord 5 release, tipster Shishir suggested that the phone will share a camera setup with the pricier OnePlus 12R. If the leak holds true, the Nord 5 could inherit the 12R's impressive ultra-wide and macro sensors, coupled with the 1/1.56-inch Sony IMX 890 sensor for enhanced photography. According to the leak, the upcoming OnePlus Nord 5 could be fueled by a Qualcomm Snapdragon 7 Plus Gen 3 SoC, paired with up to 16GB of RAM. The device is also rumoured to sport a 6.74-inch 120Hz OLED display boasting 1.5K resolution. While resembling the OnePlus 12R's display, the Nord 5's LTPO panel promises industry-leading peak brightness. Expected to be a mid-range device under Rs 35,000, it may not match the 12R's pricing. Under the hood, the leak suggests a 5,500mAh battery for the OnePlus Nord 5, aligning with OnePlus's trend of offering similar battery capacities across models. The device is likely to feature a glass back and plastic frames.  

Published 07 Mar 2024 08:40 PM

Elon Musk loses world’s richest person title to Jeff Bezos

Elon Musk loses world’s richest person title to Jeff Bezos

Elon Musk is no longer the world's richest person. Musk lost his position, for the first time in nine months, to Jeff Bezos after shares in Tesla tumbled 7.2% on Monday. Musk now has a net worth of $197.7 billion; Bezos’ fortune is $200.3 billion.It’s the first time that Bezos, 60, the founder of Amazon.com Inc., has topped Bloomberg’s ranking of the richest people since 2021. The wealth gap between Musk, 52, and Bezos, which at one point was as wide as $142 billion, has been shrinking as Amazon and Tesla shares move in opposite directions. While both are among the so-called Magnificent Seven stocks that have propelled US equity markets, Amazon shares have more than doubled since late 2022 and are within striking distance of a record high. Tesla is down about 50% from its 2021 peak. Tesla shares fell on Monday after preliminary data showed shipments from its factory in Shanghai slumped to the lowest in more than a year. Amazon, meanwhile, is coming off its best online sales growth since early in the pandemic. Musk’s wealth could take a further hit after a Delaware judge struck down his $55 billion pay package at Tesla, where he’s chief executive. The decision took the side of an investor who’d challenged Musk’s compensation plan, which had been the largest in history.   

Published 07 Mar 2024 08:39 PM

Rajeev Chandrasekhar issues a 3-point clarification on directive that got AI firms worried

Rajeev Chandrasekhar issues a 3-point clarification on directive that got AI firms worried

"Process of seeking permission, labelling and consent based disclosure to user users about untested platforms is insurance policy to platforms who can otherwise be sued by consumers," Rajeev Chandrasekhar tweeted.The Centre on Monday clarified its directive for AI platforms to seek approvals before launching a product, saying the advisory did not apply to startups. The Centre's directive created ample confusion that all kinds of companies, including startups, need to have approvals before launching their AI platforms. Taking to X, Union Minister of State for Electronics and Information Technology Rajeev Chandrasekhar highlighted three important points to clarify the rule. Chandrasekhar said that the advisory is aimed at large and "significant platforms" and won't be applied to startups. He further said that the rules are aimed at untested AI platforms "from deploying on Indian internet". "Process of seeking permission, labelling and consent based disclosure to user users about untested platforms is insurance policy to platforms who can otherwise be sued by consumers," Rajeev Chandrasekhar tweeted. The Minister said that the safety and trust of "India's internet" is a shared and common goal for the central government, users and platforms.The central government issued the recent advisory on March 1, over two months after the ministry issued the first advisory in December last year under the new IT rules. The first one was aimed at social media platforms directing them to follow existing IT rules to tackle deepfake problems."We issued one more advisory, which is a continued one that advises intermediaries and platforms that use AI, to be very careful about deploying on the public internet in India and allowing access to consumers," the Union Minister told ANI. Rajeev Chandrasekhar said the second advisory was issued to ensure another case of Google Gemini AI tool that clearly showed a "violation in law by outputting unlawful content" was not repeated. He further said that the advisory would help platforms to be more "disciplined about taking ther AI models and platforms from the lab directly to the market".  

Published 07 Mar 2024 08:38 PM

Using Paytm Wallet to pay for Uber rides? The company has a message for you

Using Paytm Wallet to pay for Uber rides? The company has a message for you

Uber alters payment methods in India due to issues with Paytm Bank. Users won't be able to add money to their Paytm Wallets via the app from March 16, 2024, but existing wallet balances can still be used for Uber rides.Uber, a popular ride-hailing app in India, is switching up its payment methods because of some problems with Paytm Bank. Paytm Wallet has been a common way for people to pay for Uber rides, but now, because of issues between Paytm Bank and the Reserve Bank of India (RBI), Uber is making changes. Starting March 16, 2024, Uber won't let users add money to their Paytm Wallets through the app anymore. This is because the RBI, which regulates banks in India, has told Paytm Bank to stop certain services. However, if you already have money in your Paytm Wallet, you can still use it to pay for Uber rides even after March 16. Uber has been sending emails to its users to let them know about these changes. They're advising people who use Paytm Wallet on Uber to either make sure they have enough money in their wallets before March 15 or switch to a different way to pay for rides. In the email Uber sent out, they said: "According to the RBI's recent instructions, users won't be able to add money to their Paytm Wallets after March 15, 2024. But don't worry, if you have money in your wallet, you can still use it to pay for Uber rides after March 15, 2024."To make things easier for users, Uber is suggesting a few alternative payment methods. You can choose to pay for your Uber rides using Amazon Pay, Uber Cash, UPI, or Credit/Debit Cards. And of course, you can always pay with physical cash if that works better for you. If you're an Amazon Prime member, there's an extra perk for you. When you use Amazon Pay to pay for Uber rides, you'll get 5 per cent cashback on all your rides. Out of this, 4 per cent will be credited to your Uber account, and 1% will be given back to you as cashback in your Amazon Pay wallet. This can help you save money on future rides with Uber and also when shopping on Amazon.in. The decision to move away from Paytm Wallet comes as Paytm Bank faces challenges from the RBI. Uber wants to make sure its users can still easily pay for rides, so they're offering these alternative options. Make sure to update your payment method before March 16 to avoid any interruptions in your Uber rides.  

Published 07 Mar 2024 08:38 PM

Netflix India expands horizon, promises diverse content lineup for 2024

Netflix India expands horizon, promises diverse content lineup for 2024

Netflix India's Vice President of Content, Monica Shergill, revealed the streaming giant's ambitious plans to cater to a wider audience base in 2024 in an announcement this week. Highlighting upcoming projects like Sanjay Leela Bhansali's period spectacle "Heeramandi: The Diamond Bazaar" and the comedy show "The Great Indian Kapil Sharma Show," Shergill emphasised the platform's commitment to Indian content. "With 42 India titles trending globally on Netflix in 2022 and a staggering 62 last year, we've seen continued and consistent success with Indian content," Shergill told PTI. However, she acknowledged the unpredictability of achieving global phenomena like "Squid Game," stressing that such success ultimately hinges on audience reception. "As a creative executive, I would submit to the audience's love... All we have to do is really work hard, take bold bets, and make exciting content," she remarked, reflecting on the evolving tastes of viewers. Discussing the impact of the pandemic, Shergill noted how it provided ample time for audiences to explore content from around the world, contributing to Netflix India's phenomenal rise in 2023. The platform secured prestigious accolades, including an Oscar and an International Emmy, further solidifying its position in the industry. Looking ahead to 2024, Shergill promised an even more ambitious lineup, featuring diverse stories spanning different genres and formats. From the thrilling "IC814: The Kandahar Hijack" to the period film "Maharaj," starring debutant Junaid Khan, and Imtiaz Ali's unique take on the life of Punjabi singer Amar Singh Chamkila, Netflix India aims to captivate audiences with compelling narratives. Addressing queries about producing a global sensation akin to "Squid Game," Shergill likened such success to a "unicorn," acknowledging the industry's faith in Netflix's ability to deliver world-class content. The 2024 slate also includes a range of films and series, such as "Do Patti," "Murder Mubarak," "Phir Aayi Hasseen Dillruba," and "Wild Wild Punjab," along with unscripted titles like "Fabulous Lives versus Bollywood Wives" and the documentary "The Greatest Rivalry-India Vs Pakistan."  

Published 07 Mar 2024 08:36 PM

Infosys executive says AI will directly impact jobs, companies will hire fewer employees in future

Infosys executive says AI will directly impact jobs, companies will hire fewer employees in future

Ever since OpenAI introduced the world to ChatGPT in 2022, interest in generative AI has reached new heights. While some people feel that the emerging technology will prove to be beneficial for people and aid them in their day-to-day lives, there is another section of people who have been saying that it will take away human jobs. And an Infosys senior executive believes that generative AI will lead to decreased headcount in organisations. In other words, companies will be hiring fewer employees in the future thanks to AI.Satish H C, executive vice-president and co-head (delivery), said according to a Business Standard report, that because of new technologies like generative AI (artificial intelligence), companies will need fewer employees in the future. He added that this shift will happen gradually over the next three to five years. He further explained that as companies start using advanced technologies like generative AI more, they'll become more efficient, and that means they won't need as many people for traditional jobs. In simple terms, as technology becomes more important, companies might hire fewer people in the future, and this shift is expected to happen slowly over the next few years. In another interview with Reuters, the Infosys senior executive had said that the company was also turning out to be "AI first." He had said, "At Infosys, I don't think we were digital first. It took us a few years, but now that we have the hindsight of how we adapted to digital, we are adapting to AI much better and I think we are going AI first," he said.A few companies have already started replacing some of their human workforce with AI. One such company that recently made headlines for its automation success is Klarna, a Swedish financial technology company. The company revealed recently that its AI assistant has taken on the work that 700 employees used to do. This news comes a year after the company fired approximately a similar number of employees. The company had also faced massive criticism for the same. When Klarna faced staff reductions, CEO Sebastian Siemiatkowski pointed to economic uncertainties, worries about inflation, and the potential for an upcoming recession as reasons for the decision. Siemiatkowski had also received criticism for his handling of the situation, especially when he posted a spreadsheet on LinkedIn that listed the names of many laid-off employees. In response to questions from Fast Company about how the AI assistant's productivity in human terms was calculated, Klarna clarified that this metric had no connection to the earlier staff reductions.  

Published 07 Mar 2024 08:36 PM

Phone with 28,000mAh battery showcased, Energizer says it can last for a week

Phone with 28,000mAh battery showcased, Energizer says it can last for a week

While I saw a lot of innovative devices at this year's MWC 2024 tech show, the thing that I was not expecting to see here is a smartphone with a whopping 28,000mAh battery under the hood. Well, I think you might be as surprised as I was after finding out about it. Moreover, this one even has a rugged build quality and the company is claiming that it is shockproof as well as waterproof too. At MWC 2024, Avenir Telecom showcased it as an Energizer Hard Case P28K device.It is like any other traditional smartphone in the market, but with a much bigger battery and good build quality. It seems the device might not be for a regular consumer because it is very bulky and almost feels like holding a big stone in hand. But, it is a perfect device for workers, maybe, who work in places like mining and more. The smartphone won't die soon and will last for a week, something that they might want to have. It will also not get damaged because of water - all thanks to its support for IP69 rating. I do believe that its robust battery capacity comes at a cost in terms of size and weight. Weighing 570g and measuring 27.8mm thick, it's substantially bulkier than conventional smartphones. Nevertheless, it supports fast charging up to 33W, allowing for a full charge in under an hour and a half. The device runs on Android and has all the Google apps as well. Marketed as the ultimate endurance phone, this device promises an entire week of regular usage and with an IP69 rating, the company is ensuring durability in harsh environments. With talk time rated at 122 hours and standby time extending up to 2252 hours, it seems like a dependable companion for extended periods without access to charging points. In terms of specifications, the P28K offers entry-level features with no 5G support and a MediaTek MT6789 processor. It includes 8GB of RAM, 256GB of storage, a trio of rear cameras, Android 14, and a 6.78-inch 1080p LCD display. Avenir Telecom plans to launch the Energizer Hard Case P28K in October 2024, priced at EUR 249.99, targeting global markets excluding the US. While it may not appeal to those seeking sleek designs or cutting-edge performance, the P28K caters to a niche audience prioritizing endurance and reliability in their mobile devices.  

Published 07 Mar 2024 08:35 PM

Three years after JSW Steel-BPSL deal, uncertainty still looms large

Three years after JSW Steel-BPSL deal, uncertainty still looms large

Nearly three years after the acquisition of Bhushan Power and Steel (BPSL) by JSW Steel, uncertainty still looms over complete transfer of asset on a clean slate as assured under Insolvency and Bankruptcy Code (IBC).The National Company Law Tribunal (NCLT) approved the ₹19,350-crore bid of JSW Steel in September 2019. However, the Enforcement Directorate had issued a provisional order of attachment of BPSL’s assets in October 2019 and objected to the applicability of Section 32A of the insolvency law to the JSW-BPSL deal. Section 32A of IBC provides immunity to Corporate Debtor for the offence committed prior to insolvency proceedings.However, NCLAT gave its final approval, including the immunity sought by JSW Steel against the investigation being carried against BPSL’s erstwhile promoters, in February 2020. The ED and BPSL’s erstwhile promoters moved the Supreme Court against NCLAT order. Accepting the petitions, the Apex Court allowed the lenders to implement the approved resolution plan with a condition that the assets will be transferred back to the lenders if the verdict goes against them. In March 2021, JSW Steel paid ₹19,350 crore and took control of the asset. Despite the looming uncertainty, BPSL has registered a net profit of ₹260 crore on a turnover of ₹5,030 crore in the December quarter.A JSW Group spokesperson said the company implemented the resolution plan in line with the terms of the approved resolution plan and has taken over control of BPSL and there is no legal impediment as on date. Given the favourable judgment by the NCLAT and certain other judgments of the Supreme Court, JSW Steel firmly believes that it has a good case on merits, he added. Durgesh Khanapurkar, Partner, Desai & Diwanji, said one can never rule out the risk of litigation especially in circumstances where laws are continuously evolving. In the BPSL case, he said the NCLT, NCLAT and the Supreme Court have acted swiftly in protecting the interests of the resolution applicant (JSW Steel) and have ensured that the plan is implemented. Further, even the legislature has introduced Section 32A of the IBC in an attempt to provide assets on a clean slate to resolution applicants, he added. Jayesh H, Co-founder, Juris Corp Advocates and Solicitors, said the Law enacted by the Parliament required admission or disposal within specified timelines, but the Supreme Court held this as discretionary and not mandatory. “This was the beginning of the slippery slope which got further worsened by the sanctity of the bidding process not being respected by the Committee of Creditors and the SC by allowing new bidders at a late stage and allowing a losing bidder to revise the bid after the winning bid being discovered as per the bidding process,” he added. Nakul Sachdeva, Partner, Luthra and Luthra Law Offices India, said though delays on account of attachments by various authorities including the ED deters the Resolution Process of a company, the legislature has been proactive in bringing about amendments to overcome such hurdles.  

Published 07 Mar 2024 08:34 PM

Smith (DS) PLC Had a Continued Resilient Performance

Smith (DS) PLC Had a Continued Resilient Performance

DS Smith said that trading has been resilient in a challenging market and that its performance for the rest of the year is in line with management expectations. The London-listed packaging company said Wednesday that like-for-like corrugated box volume performance for the period since Nov. 1 has continued to improve compared with the first half of the fiscal year, with flat like-for-like volumes. North America and Eastern Europe saw good growth in the quarter, offset by a weaker performance in Northern Europe, DS Smith said. It added that focus remains on resilient pricing, operational efficiency and tight cost control with anticipated containerboard price increases expected to be reflected in ongoing packaging prices. The company didn't provide any update on the Mondi takeover approach. On Feb. 8 DS Smith said that it had received a highly preliminary expression of interest from larger peer Mondi over a possible offer, but that no proposal had been received at that stage. Mondi subsequently confirmed that it was considering an all-share merger with DS Smith. Any deal would create a company worth 10.525 billion pounds ($13.37 billion) based on each company's current market values. Mondi has until March 7 to either make a formal offer or walk away under U.K. Takeover Panel rules.  

Published 07 Mar 2024 08:32 PM

CIEL invests in Courseplay amid IPO preparations

CIEL invests in Courseplay amid IPO preparations

CIEL Group, a Chennai-based HR solutions provider, has acquired 51 per cent stake in Mumbai-based Courseplay, a global learning experience platform, for $2 million. This is CIELs fifth investment since December 2022, said K Pandiarajan, Executive Chairperson. As part of the deal, CIEL has acquired some shares from Courseplay Founder and CEO Arjun Gupta and IPV, a collective of angel investors. Gupta will continue to hold an entrepreneurial position in the organisation and remain CEO, he said. CIEL plans to strengthen its HRTech offering through the integration of Courseplay with its platforms like ProSculpt, HfactoR, Jombay and CielJobs. “Through these acquisitions, we remain a confederation of entrepreneurs with one or more people joining us as entrepreneurs,” he told newspersons on Tuesday. CIEL serves nearly 460 companies across industry sectors for temporary staffing needs and talent hunts for permanent positions in 2,600 companies. The first acquisition, in December 2022, was the ₹25-crore purchase of 76 per cent in Jombay, a ‘talent assessment and development platform’ start-up, which will contribute ₹9 crore to this year’s EBIDTA. The next two acquisitions were companies set up by Pandiarajan himself — Ma Foi Strategy (strategic advisory mainly to MSMEs) and Ma Foi Education (skill development). The fourth acquisition, announced in November 2023, was that of Aargee Staffing Services Pvt Ltd, funded by a combination of cash and share swap.  

Published 07 Mar 2024 08:32 PM

BluPine Energy acquires 369 MW solar power assets from Acme Group

BluPine Energy acquires 369 MW solar power assets from Acme Group

BluPine Energy on Monday said it has acquired power assets worth 369 megawatts (MW) of solar capacity from the Acme Group, taking its total renewable energy (RE) capacity to 2.4 gigawatts (GW). The assets are spread across 14 special purpose vehicles (SPVs) in Uttarakhand, Punjab and Karnataka. BluPine Energy aims to expand its portfolio to 4GW of solar and wind power as well as hybrid assets, complemented with battery energy storage (BES) in the next five years. Speaking to businessline, BluPine Energy CEO Neerav Nanavaty said: “By integrating these assets into its portfolio, BluPine reinforces its position as a significant player in the country’s rapidly evolving renewable energy landscape. The assets, strategically located across Uttarakhand, Punjab, and Karnataka, provide BluPine Energy a diversified geographical presence. “With this acquisition, we are now present in 10 states, enabling them to bolster their renewable energy capacities and helping them meet their respective renewable purchase obligations.” Abhishek Bansal, Partner, Energy Infrastructure at Actis, said the fund has an excellent track record in the Indian energy sector, having previously built and then sold two leading independent power producers in the country. “We’re leveraging this experience to rapidly scale BluPine Energy and build it into a pillar of the Indian renewables sector. The platform has an important role to play in accelerating India’s energy transition, driving sustainability and a positive social impact,” he added. Acme Group Chairman, Manoj Upadhyay, said: “This is our second successful collaboration with them. We relied on the expertise of Actis platform for this asset sale. At Acme Group, we continue to strengthen our presence in the renewable energy space, while simultaneously expanding the asset base.” On integration of the recently acquired assets, Nanavaty said: “Leveraging our operational proficiency, the integration process will ensure a smooth transition, with operations set to commence seamlessly from Day 1 of acquisition. In ensuring a smooth handover, the teams are implementing and streamlining various activities to enhance the safety and integrity of the assets. In parallel, we have also commenced optimisation initiatives across the portfolio.” When asked whether the company will go in for more acquisitions to scale up, he said the focus is on greenfield execution to build the pipeline BluPine has won, both on the utility scale and commercial and industrial (C&I) projects. “Having said that, we will continue to explore one-off acquisition opportunities if they seem compelling -– from a strategic alignment, quality of construction, and value perspective,” Nanavaty added.  

Published 07 Mar 2024 08:30 PM

Advertisement rates may see correction following Disney-Reliance merger

Advertisement rates may see correction following Disney-Reliance merger

While the Disney-Reliance  merger will rejig ad rates, experts are unsure if this is necessarily a bad thing. Advertisers are worried that the merged-co would rack up ad rates indiscriminately, especially as they wield a monopoly in live sports and linear programming. However, others argue that this is necessary course correction as far as pricing is concerned. Especially as the current ad rates are deemed too low to recover content costs for broadcasters and streaming firms.  Right after the merger was announced, a report by UBS predicted that ad rates will rise by 20-25 per cent across the board. “Bargaining power of the broadcasters (now fewer and larger) would increase at the cost of the advertisers. There would also likely be some rationalization in content costs as well, leading to industry-level margin improvement,” analysts at UBS said in a note. Reacting to the merger, international advertising firm dentsu emphasised the need for 2-3 strong players in the media market to keep ad rates in check. “For the advertising and marketing sector, this presents a dual prospect of opportunities and challenges. On the positive side, it unlocks fresh possibilities for crafting and deploying innovative and compelling campaigns across an extensive and diverse portfolio of channels and platforms, providing us with extensive reach. However, it also heightens competition and enhances the negotiating power of the newly merged entity, enabling it to exert greater control over pricing and inventory. I hope that in the coming years, the merger achieves a balanced outcome. It’s crucial to maintain two or three major players in the market to foster a healthy and competitive environment, which ultimately should serve the end consumer,”  Harsha Razdan, CEO, South Asia, dentsu, explained. On the streaming front, a Disney-Reliance merged co might not necessarily wield a definitive monopoly, as Netflix and Amazon Prime will be able to hold their own against the merged entity. But the same cannot be said about live sports and linear programming according to Santosh N, Managing Partner at D&P Advisory. “Ad rates will certainly go up for sports and linear TV, but that might not necessarily be a bad thing. Moreover, Disney-Reliance cannot increase the rates indiscriminately, especially because advertisers will simply opt out, given that they have many alternative mediums for advertising.”  

Published 07 Mar 2024 08:28 PM

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