Top Trending Technology News & Highlights
Microsoft Unveils Copilot for Finance, an AI Solution to Simplify Tasks Associated with Enterprise Finance
Microsoft on Thursday unveiled Copilot for Finance, a new artificial intelligence (AI) tool designed to make everyday mundane tasks easier for financial professionals. The Copilot tool adds new features tailored to financial operations to the already-existing Copilot for Microsoft 365 stack, rather than creating a brand-new AI model. This AI tool, which focuses on enterprises, is currently in public preview. Notably, a recent update from the tech giant revealed additional features and significant enhancements for Windows 11.Microsoft presented its new AI tool in a blog post, pitching it as a means of allowing finance departments within businesses to focus on strategic tasks rather than tedious analysis and report writing. The business also cited a statistic from CFO magazine, stating that the "drudgery of data entry and review cycles" was cited by 62% of finance professionals polled as a reason they could not find time for strategic tasks. The tech giant claims that Copilot for Finance automates a number of financial tasks that would otherwise require users to put in long hours. It can accomplish a wide range of tasks, including using natural language prompts to conduct a variance analysis in Excel, reconciling data in Excel with automated data structure comparisons, giving a comprehensive summary of pertinent customer account details, transforming raw data into visuals and reports, and much more.
Published 04 Mar 2024 05:41 PM
This AI Worm Can Steal Data And Violate ChatGPT And Geminis Security
According to a report in Wired, researchers are now creating AI worms that can steal your private information and circumvent the security measures of generative AI systems like OpenAI's ChatGPT and Google's Gemini. The first generative AI worm, known as "Morris II," was developed by researchers at Cornell University, Technion-Israel Institute of Technology, and Intuit. It has the ability to spread malware and steal data from one system to another. It was given this name in honor of the very first worm, which was released online in 1988. "It basically means that now you have the ability to conduct or to perform a new kind of cyberattack that hasn't been seen before," explained researcher Ben Nassi of Cornell Tech. According to the outlet, the AI worm can get past some security measures in ChatGPT and Gemini by targeting a generative AI email assistant with the intention of sending spam and stealing email addresses. To create the generative AI worm, the researchers employed a "adversarial self-replicating prompt". They claim that in response to this prompt, the generative AI model generates an alternative prompt. In order to put it into practice, the researchers integrated ChatGPT, Gemini, and open-source LLM into an email system that could send and receive messages using generative AI. They also found two ways to use the system: one was to embed the question within an image file, and the other was to use a text-based, self-replicating prompt. In one instance, the researchers pretended to be attackers and sent an adversarial text prompt along with an email. By using retrieval-augmented generation, this "poisons" the email assistant's database and gives LLMs access to additional data from sources outside of their own. Retrieval-augmented generation, according to Mr. Nassi, "jailbreaks the GenAI service" when it retrieves an email in response to a user query and forwards it to Gemini Pro or GPT-4 for generation of a response. Eventually, this leads to data theft from the emails."The generated response containing the sensitive user data later infects new hosts when it is used to reply to an email sent to a new client and then stored in the database of the new client," he stated.
Published 04 Mar 2024 04:27 PM
Connecting Local Environmental Factors With UFO Sightings?
UFOs, or unexplained aerial phenomena, have long been observed in the sky. Although preliminary research produced no solid proof, a recent study proposes a connection between sighting sites and their environs. After looking over two decades' worth of UAP reports, researchers discovered that locations with clear skies, low light pollution, and unhindered views had a higher frequency. There could be a number of reasons for this correlation, including better visibility that makes it possible to see more unusual objects. The study emphasizes how crucial environmental variables are to the analysis of UAP sightings.Investigating UFO sightings, researchers at the University of Utah sought to determine if there was a relationship between the location of sightings and the surrounding environment. They examined close to 100,000 National UFO Research Center reports over a 20-year period (2001-2020). For every county in the continental United States, they took into account two factors: the likelihood that something might be up there (airports, military bases) and how clear the sky is (light pollution, clouds, trees). Due to the wide open spaces and darkness in the western US, the results indicated a higher number of sightings. It's interesting to note that locations with heavy air traffic or a military presence were frequently hotspots for reports. This implies that individuals may be perceiving real objects but are merely unable to identify them. Lead author of the study and University of Utah associate professor of geography Richard Medina explained, "The idea is that if you have a chance to see something, then it's more likely that you're going to see unexplained phenomena in the sky." "With more technology than ever in the sky, one must wonder: What are people really seeing? Answering this question is difficult, but it's crucial since any ambiguity could pose a risk to national security."
Published 02 Mar 2024 06:29 PM
Following the intervention of the center, Google agrees to restore Indian apps.
A dispute over service fees led to the removal of Indian mobile apps from the Play Store, but Google has started the process of restoring them. According to sources, the decision was made following a meeting between IT Minister Ashwini Vaishnaw and company representatives. Ten Indian companies' apps were removed by Google on Friday, causing controversy in one of its fastest-growing markets. With 94% of phones running on its Android platform, Google commands a large portion of the Indian market. Popular names like Naukri and Bharatmatrimony were on the list.The main point of contention is Google's in-app purchase fees, which range from 11% to 26%. Indian startups have long opposed the US tech giant's actions, believing them to be unfair.The creator of Bharat Matrimony, Christian Matrimony, Muslim Matrimony, and Jodii, Matrimony.com, expressed shock at the matchmaking apps' removal from the Google Play Store. Murugavel Janakiraman, the founder, described it as a "dark day" for India's internet, highlighting the possible broad effects on matchmaking services."One by one, our apps are being removed. It literally means that all of the best matrimonial services will be eliminated," Mr. Janakiraman stated, according to Reuters. We possess an enormous and dynamic startup ecosystem. To ensure that this ecosystem is preserved, we must take all necessary measures. Google has embraced Indian technologies quite well. Before meeting with Google representatives, the minister told NDTV, "I am quite hopeful that Google will be reasonable with its approach." Due to some policy infractions, Google temporarily removed the well-known Indian payments app Paytm from the Play Store in 2020. Following the change, the founder of the business and the larger startup community banded together to take legal action against Google and launch their own app stores.
Published 02 Mar 2024 06:10 PM
Technology
21st century is dedicated to the Technology and technology is dominating everywhere and every part of the world and almost all the industries are now a days is technology dependent or they need technology help to drive more scale and deliveries.
Network18 and ZEEL reveal the new RIO; modify channel prices and remove bouquets
A new Reference Interconnect Offer (RIO), which will go into effect on February 1, 2024, has been issued by Zee Entertainment Enterprises (ZEEL) Ltd. and IndiaCast, the distribution division of Network18.IndiaCast has introduced new bouquets and discontinued some of its older ones in the new RIO. Additionally, it has changed how much some channels cost. More than 25 bouquets, including Colors Wala Hindi Budget and Colors Wala Hindi Budget Plus, have been canceled by the distributor.(whose cost was Rs 25) and Colors Wala Hindi Value (whose cost was Rs 28). Colors Wala Hindi Value (Rs 34), Colors Wala Hindi Value Plus Sports (Rs 45), and Colors Wala Marathi Value (Rs 40) are among the new products that the distribution arm is selling.Some channels on Network18 have seen price increases, such as Colors Marathi, which was formerly only Rs 10 and is now Rs 15. In a similar vein, Colors Cineplex, which was formerly priced at Rs 3, is now Rs 19.
Ranbir and Konkana return in the most recent OPPO advertisement as
In order to promote the Oppo Reno smartphone series, smartphone manufacturer OPPO just revealed their newest ad. It stars Ranbir Kapoor and Konkana Sen Sharma as two of their most beloved characters, Sid and Aisha, from the movie "Wake Up Sid."The characters' afterlife is captured in the video commercial campaign. Ranbir, who portrayed the aspiring photographer Sid, is shown using the just released OPPO phone to record a significant occasion."Simply capturing life with a special friend, just like Sid!" is the film's tagline and main idea.Famous Innovations is the person who conceptualized the movie. "Reno 11 Series is positioned as a Portrait Expert with this campaign; the phone boasts a superior camera, and who better to bring that alive than everyone's favorite photographer character, Sid from Wake Up Sid?" an agency spokesman remarked in reference to the same. We made an effort to depict the characters' life changes and provide a window into a unique time spent with Ayesha, Laxmi, and Rishi. People would feel nostalgic after watching this movie and be curious to learn more."
Why 2024 will be a year of entertainment media mergers
An existential crisis is plaguing India's entertainment industry as a result of changes in customer behavior. Globally, traditional media companies are likewise having difficulty and are looking to consolidate in order to maintain their heritage operations and reduce losses from their digital endeavors. The OTT market is having difficulties as audience growth slows and content costs rise. Indian broadcasting companies are experimenting with hybrid OTT revenue models, but they are up against e-commerce sites and software titans for digital ad dollars. The industry is at a loss as to how to proceed, whether it be through mergers or modifications to business structures.Will the business of linear television face an acceleration of collapse by 2024? Will broadcasting businesses be merging this year? Will internet behemoths in the technology sector steal viewers and money from over-the-top (OTT) video streaming services, or will they be able to survive? India's sizable entertainment corporations are facing challenges from digitally-powered businesses and changing consumer behavior, leading them to ask some unsettling questions.
CCDT and MnM Talkies Work Together for Human Rights #KripyaDhyanDein
Leading content provider MnM Talkies, which specializes in audio stories and podcasts, has partnered with Committed regions Development Trust (CCDT), a nonprofit committed to helping impoverished children in underserved regions. Together, they hope to produce an engaging audio project that uses sound's immersive quality to highlight human rights abuses, especially those that impact women and children. By collaborating with CCDT, an organization dedicated to advancing fairness and defending the rights of underprivileged children and families, MnM Talkies raises awareness of the voices of people whose tales are frequently ignored. nearly the course of the last 30 years, CCDT's commitment to the Sustainable Development Goals established by the United Nations has had a significant influence on the lives of nearly 2 million children and families in distress throughout Maharashtra by propelling rights- and needs-based initiatives.Under the moniker "Kripya Dhyaan Dein" (Please Pay Attention), the cooperation has produced a number of audio wonders that aim to awaken the public and inspire them to pay attentive attention to the stories of persons around them. MnM Talkies and CCDT have skillfully communicated the urgency of human rights awareness, demonstrating sympathy with those impacted by abuses through fictional storylines grounded in real-life experiences. These powerful tales, which can be found on social media and different audio platforms, operate as a call to action for people to change the world and speak up in favor of human rights. This endeavor serves as a light of hope in the face of global human rights crises, inspiring listeners to deeply engage with these issues. The world needs transformative actions. In the spirit
MC Stan and MS Dhoni collaborate on Fire-Boltt
Leading Indian smart wearable manufacturer Fire-Boltt releases the #GaleTohMil advertisement, which stars the most unexpected pair—cricket great MS Dhoni and well-known Indian rapper MC Stan. This engaging movie seeks to showcase the exceptional qualities of Fire-Boltt's most recent invention, the ground-breaking Wristphone, which flawlessly blends the endless possibilities of a smartphone with the practicality of a smartwatch. With #GaleTohMil, Fire-Boltt showcases how technology is seamlessly incorporated into daily life while offering a new take on the marriage of sports and music.The video, which was conceptualized and filmed by the innovative powerhouse Moonshot, enthralls viewers with its distinctive fusion of humor, technology, and star power. The narrative takes place at a party, where MS Dhoni is approached by MC Stan and has an embarrassing encounter. As Dhoni struggles to remember Stan's name and songs, tension grows and the scenario takes an unexpected turn. The situation is amusing yet relatable.The story revolves around the Fire-Boltt Wristphone, which plays a pivotal role in saving Dhoni's life by giving him the knowledge he finds difficult to recall. The movie does a good job of conveying how useful the wristwatch is and why it is deserving of the hashtag #TheSmartestSmartwatch. "We are proud to introduce our first-ever Wristphone through this entertaining and engaging ad film featuring two iconic personalities, MS Dhoni and MC Stan," stated Arnav Kishore, CEO and Founder of Fire-Boltt. This wearable technology product is revolutionary, and we think the movie will do a great job of conveying to our viewers what makes it special. To guarantee broad visibility, the advertisement film will be heavily promoted on OTT channels and social media sites. Fire-Boltt wants to engage audiences from a varie
Here I am climbing: The films produced by Pramerica Life Insurance honor resiliency in many facets of life.
The debut of Pramerica Life Insurance's "This is My Climb" marketing campaign has been revealed. This campaign, which consists of two short videos, seeks to honor the many narratives of perseverance, goals, and purpose that characterize each of our unique experiences. Beyond the conventional marketing strategy, the campaign taps into the emotional center of the human experience, connecting with people at all stages of life. "Like any ascent, life's journey demands unwavering determination and unique challenges," stated Pankaj Gupta, MD, CEO of Pramerica Life Insurance. "We highlight the various aspects of purpose, commitment, and responsibility that each person exemplifies through the 'This is My Climb' campaign. Our goal is to become our clients' dependable bedrock—a partner as strong as a rock. We are dedicated to providing all of our stakeholders with a solid partner for every climb, no matter how big or small."Two powerful short films are used to tell the story of the campaign. The first movie depicts a father's journey and goals in a way that is relevant. We witness his dedication, as he lays aside his own goals and aspirations to support his child's aspirations. Regardless of the size of the obstacle, he views it as a climb he must do with perseverance and selfless sacrifice in order to reach his child's future. He reflects the essence of every parent who puts their child's aspirations ahead of their own, finding strength in their adversities and delight in their successes. The family of a defense member is shown in the second film as they follow him on an emotional journey of unwavering support and pride as he achieves new heights in dedication and commitment. Seeing this movie makes me think about Pramerica Life Insurance.President and Chief Business Officer of Pramerica Life Insurance Karthik Chakrapani stated, "The beauty of 'This is My Climb' lies in its breadth of perspectives." Each story has a distinct resonance, ranging from the ethos of a defense man and his family for the nation's sovereignty to the resolve of a father for his child's future. We encourage readers to interact with these motivational stories, look for themes in their own ascents, and join us in honoring the human spirit. Under the direction of Paritosh Srivastava, Chief Executive Officer, Oindrila Roy, Managing Director, and Heads of Creative Srijan Shukla and Pratheeb Ravi, who are renowned for telling gripping stories, Publicis Worldwide India has artistically produced this campaign. Their combined knowledge and commitment have been essential in obtaining
A viral tweet claims that the rasam bus ad in Bengaluru is insulting both north and south India Internet split
An online discussion has been triggered by an outside advertisement for Indira's Rasam Paste on a Bengaluru bus. Some online users have criticized the advertisement for being "sexist" and "regionalist." Some countered that the advertisement was not controversial in any way. The advertisement's wording said, "Wife North India aa?" (Is your wife North Indian?) implies that northern women are incapable of preparing rasam.Tejas Dinkar, an X user, initially brought the advertisement to the attention of the internet by accusing the company of being chauvinistic. "Today in ads that manage to be sexist while also insulting both North and South India (from r/bangalore)," he said. A heated discussion about whether the advertisement is offensive or not broke out in the comment area. X user Tejas Dinkar shared a picture of the advertisement, which attracted public notice. He expressed his disapproval in the caption, calling the advertisement "sexist" and "insulting" to people in both North and South India.
Raaya's integrated marketing mandate is won by With & Chai Group.
Men's ethnic clothing company Raaya has awarded the marketing mandate to Pune-based advertising firm Wit & Chai Group. Following a multi-agency pitch, the mandate was acquired by Wit & Chai in October 2023.With online and offline promotions, Wit & Chai Group hopes to raise awareness of Raaya and bolster its standing as a high-end menswear brand. "Wit & Chai gave a strong pitch, and we think working with them will help our brand reach new audiences. Our goal is to set Raaya apart as a luxury brand that is reasonably priced and to highlight our exceptional craftsmanship. Preshit Jain remarked, "We are confident that Wit & Chai has our best interests at heart.Furthermore, Wit & Chai Group partner Nahush Gulawani added, "We are thrilled to collaborate with a brand like Raaya that has such an intriguing focus: men's ethnic apparel. We are eager to collaborate with the Raaya team and use our skills to further improve the brand image. Men's ethnic clothing company Raaya has awarded the marketing mandate to Pune-based advertising firm Wit & Chai Group. Following a multi-agency pitch, the mandate was acquired by Wit & Chai in October 2023.With online and offline promotions, Wit & Chai Group hopes to raise awareness of Raaya and bolster its standing as a high-end menswear brand. "Wit & Chai gave a strong pitch, and we think working with them will help our brand reach new audiences. Our goal is to set Raaya apart as a luxury brand that is reasonably priced and to highlight our exceptional craftsmanship. Preshit Jain remarked, "We are confident that Wit & Chai has our best interests at heart.Furthermore, Wit & Chai Group partner Nahush Gulawani added, "We are thrilled to collaborate with a brand like Raaya that has such an intriguing focus: men's ethnic apparel. We are eager to collaborate with the Raaya team and use our skills to further improve the brand image.
A diagnostics business is getting ready to launch a blood testing product in Austin and San Antonio.
Babson Diagnostics has successfully obtained important FDA clearance for its blood testing products following years of cooperation and trials. Listen to the most recent episode of Texas Business Minds to hear about the startup's history, its funding efforts, and the Texas towns it plans to debut in this year, including San Antonio.A diagnostic firm is getting ready to launch a blood testing product in Austin and San Antonio. Babson Diagnostics has successfully obtained important FDA clearance for its blood testing products following years of cooperation and trials. The creator of Babson Diagnostics is getting ready to introduce a cutting-edge blood test device. The founder, COO, and chairman of Austin-based Babson Diagnostics, a blood testing firm, is Eric Olson. He was recently a guest on the Texas Business Minds podcast.
Paytm Credit Card on UPI enables effortless daily transactions like payments on grocery stores, chai shops
With just a smartphone, users can easily make UPI payments via credit cards on the Paytm app, powered by Paytm Payments Bank. The convenience of digital transactions have become a fundamental aspect of our daily lives in today’s fast paced world. One such transformative force in the digital payment landscape is the integration of UPI payments through credit cards on the Paytm app. Making small payments of ₹10 to ₹100 bucks through credit at your nearby Kirana stores or a local chai shop or even a chat shop has evolved into the ultimate and convenient payment method for users. This groundbreaking feature offers users the convenience of utilizing credit for routine payments, eliminating the need to rely solely on savings accounts and carrying the card everywhere. With just a smartphone, users can easily make UPI payments via credit cards on the Paytm app, powered by Paytm Payments Bank. Users simply need to link their Rupay Credit Card to UPI through a straightforward process with quick and easy steps. The Credit Card on UPI feature allows users to scan merchant QR codes, allowing them to earn reward points with every transaction.With millions of merchants now accepting payments via credit cards on UPI, this can have a significant impact on the payment landscape. This integration of RuPay Credit Cards on UPI not only expands credit card usage for customers but also supports merchants in the credit ecosystem through assets like QR codes. The increasing acceptance of RuPay credit cards on UPI contributes to financial inclusion, benefiting merchants and businesses across India. Paytm Payments Bank remains at the forefront of innovation, driving the adoption of UPI payments with credit cards, and envisions a future where this technology reshapes the dynamics of the payment ecosystem in India.
Removing layers: Sundar Pichai hints at more layoffs at Google in 2024
A day after laying off around 1,000 employees, Google chief executive officer (CEO) Sundar Pichai, on Wednesday, hinted towards more job cuts in the year ahead, The Verge reported. Terming it as part of a larger restructuring plan, Pichai, in an internal memo to Google employees, said, "We have ambitious goals and will be investing in our big priorities this year…the reality is that to create the capacity for this investment, we have to make tough choices."Referring to the "tough decisions", Pichai further said in the memo, "These role eliminations are not at the scale of last year's reductions and will not touch every team. His remark referenced Google's 2023 layoffs when the tech giant fired about 12,000 employees, the biggest layoff in the company's history in a single year.According to the report, Pichai said the layoffs this year were about "removing layers to simplify execution and drive velocity in some areas."Pichai's communication followed a day after Google handed pink slips to around 1,000 employees in the advertising sales team in the first layoff wave of 2024. The company said the eligible employees would receive severance pay. It also offered that the impacted employees may re-apply for open positions in other departments. However, it clarified that those unable to secure a position at the company would be required to exit by April. The developments followed about a week after Google had announced that it would lay off hundreds of people working on its voice-activated Google Assistant software and the company's Devices and Services team.Apart from Google, Jeff Bezos' Amazon also announced last week that it would fire several hundred employees in its streaming and studio operations.Neither company has specified the exact number of job role cuts they are planning in 2024.
L&T Technology retains full-year forecast after all units post Q3 growth
Indian tech services provider L&T Technology Services retained its revenue growth forecast for the current financial year on Tuesday as all its five business verticals posted year-on-year growth for the third quarter.This comes as Infosys and HCLTech tightened their revenue guidance for the year last week citing no change in the demand environment for the year, marred by high inflation and clients cutting down on discretionary spending.However, better-than-feared numbers by the top four firms have triggered a rally in IT stocks this week, helping the country's benchmark indices hit fresh lifetime highs. L&T Technology's consolidated net profit rose 3.36 billion rupees ($40.43 million) from 2.97 billion rupees a year earlier, marginally above analysts' estimate of 3.31 billion rupees.Revenue from operations rose 12 per cent to 24.22 billion rupees, on the back of double-digit growth in telecom and medical devices verticals, below analysts' estimate of 24.45 billion rupees.Indian tech services provider L&T Technology Services retained its revenue growth forecast for the current financial year on Tuesday as all its five business verticals posted year-on-year growth for the third quarter.The Mumbai-based firm expects revenue for the current fiscal year ending March 31 to grow 17.5 per cent-18.5 per cent in constant currency."All five segments grew positively for the second quarter in a row giving us 1per cent sequential growth despite the seasonal softness," CEO Amit Chadha said in a statement.Two units - the industrial products segment and Europe region - have scaled a $200 million run-rate on annualised basis, he added. This comes as Infosys and HCLTech tightened their revenue guidance for the year last week citing no change in the demand environment for the year, marred by high inflation and clients cutting down on discretionary spending.However, better-than-feared numbers by the top four firms have triggered a rally in IT stocks this week, helping the country's benchmark indices hit fresh lifetime highs.Revenue from operations rose 12 per cent to 24.22 billion rupees, on the back of double-digit growth in telecom and medical devices verticals, below analysts' estimate of 24.45 billion rupees.The subsidiary of infra giant Larsen and Toubro won six deals that are more than $10 million each in size, it said in a filing. This included one deal each of sizes $40 million and $20 million.
Interim Budget 2024 Expectations: Govt to target fiscal deficit at 5.3% of GDP for FY2025, says ICRA
ICRA expects the fiscal deficit target for FY2025 to be set at 5.3 per cent of GDP, midway through the expected print of 6.0 per cent for FY2024 and the medium-term target of sub-4.5 per cent by FY2026.With the the Union Finance Minister Nirmala Sitharaman all set to present the interim Budget for the fiscal year 2024-25 on February 1, 2024, an analysis by ICRA suggested that the government is likely to target fiscal deficit at 5.3 per cent of GDP for FY2025, entailing a reasonable degree of fiscal consolidation amid slower capex growth. The upcoming Budget will be an interim one and is said to have no major announcements as it is coinciding with the general elections year which is scheduled for this year. The full budget for the fiscal year 2024-25 will be presented after the formation of the new government following the general elections. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year.However, the expansion in the Government of India’s (GoI’s) capex and the extent of fiscal consolidation would be scrutinised closely, given the implications for growth and G-sec yields, respectively. ICRA expects the fiscal deficit target for FY2025 to be set at 5.3 per cent of GDP, midway through the expected print of 6.0 per cent for FY2024 and the medium-term target of sub-4.5 per cent by FY2026. “This, along with our projection of an appreciable dip in the revenue deficit, would allow for a capex target of Rs 10.2 trillion for FY2025, 10 per cent higher than the expected level for FY2024 vis-à-vis the 20 per cent-plus YoY expansion seen during FY2021-FY2024. A higher capex target would impinge on the GoI’s ability to bridge half the required fiscal consolidation in FY2025, thereby making the task of reaching medium-term fiscal deficit target by FY2026 even more challenging,” ICRA said in a report. Given the favourable macroeconomic backdrop and expectations of the benign domestic environment sustaining in the next fiscal, per the analysis by ICRA, the GoI is expected to continue on the fiscal consolidation path in the Union Budget for FY2025. However, it added that this is likely to entail a slower expansion in capex vis-à-vis that seen in the post-Covid years, which could weigh on the growth in economic activity. Additionally, with the upcoming Budget set to be an interim one for the purpose of a vote-on-account, major policy changes and announcements are unlikely at this juncture, it said.“We expect the GoI’s gross tax revenues (GTR) to grow by a healthy 11 per cent in FY2025, led by direct taxes and GST collections, even as the growth in excise and customs duty collections is likely to be subdued,” it said. The disinvestment target is likely to be pegged at sub-Rs 500 billion for FY2025. Given the uncertainties involved in market transactions, it would be prudent to set a moderate target of sub-Rs 500 billion for FY2025, instead of a higher aim that may disrupt the budget math if there is a large shortfall in such receipts by the end of the fiscal, based on the past year trends. Furthermore, ICRA expects the revenue expenditure to increase by a modest ~4 per cent in FY2025, led by a moderate growth in interest payments amid a slight moderation in allocation for subsidies and a continued focus on curtailment of other expenses. It added, “We estimate the GoI to budget for a capex of Rs 10.2 trillion in FY2025, implying a relatively sedate YoY expansion of ~10 per cent, compared to over 20 per cent expansion seen in each of post-Covid years. The slowdown in capex growth is likely to have some bearing on economic activity and GDP growth.” As already mentioned above, ICRA expects the GoI to target a fiscal deficit of 5.3 per cent of GDP in FY2025, midway through the expected print of 6.0 per cent in FY2024 and the medium-term target of 4.5 per cent for FY2026.
Ram temple tourism: Hospitality, travel industries create up to 20,000 jobs in Ayodhya
A surge in tourist inflows has already increased demand for accommodation and travel, “leading to a significant upswing in Ayodhya’s hospitality sector, with a particular focus on the establishment of adequate infrastructure to host travellers”, he said. “At least 10,000 jobs and up to about 20,000 positions were created in various roles related to hospitality, travel and tourism – including hotel staff, cooks, servers, drivers, etc. in the last six months,” said Balasubramanian A, vice president and head - consumer & ecommerce at TeamLease. According to several officials in the hospitality sector, thousands of jobs in areas such as hospitality managers, restaurant and hotel staff, logistics managers, drivers, etc are likely to open up towards the end of this year or the first half of 2025 – not just in Ayodhya but in neighbouring cities like Lucknow, Kanpur, Gorakhpur, etc - with hotel companies and restaurant owners keeping a close eye on how the demand-supply situation pans out.“In the next three-four months, we should get a clearer picture of the everyday traffic at the temple and the demand for manpower to cater to the devotees,” an industry executive said on condition of anonymity. According to estimates, Tirupati Balaji Temple, which is among the world’s richest temples and remains crowded all year round, attracts an average 50,000 daily devotees in a steady state and the number goes up to 100,000 on festival days or holidays.According to various estimates, the Ram Temple in Ayodhya is likely to see traffic of between 300,000 to 700,000 people in the first week post inauguration.However, most of these jobs are temporary in nature and the count may go up or down, depending on how the demand pans out and the number of devotees that visit the temple, industry experts said. Typically, a hotel from construction stage to getting operational takes about 3-4 years, said Nandivardhan Jain, chief executive of Noesis Capital Advisors. Typically, a hotel from construction stage to getting operational takes about 3-4 years, said Nandivardhan Jain, chief executive of Noesis Capital Advisors. However, in the case of Ayodhya, various permissions could be fast-tracked and, so, the demand for manpower is expected to pour in within the next 18 to 24 months, he added.Hotel companies are watching how the demand-supply situation pans out. Currently Ayodhya is short in supply with only two big, branded hotels – Park Inn by Radisson and Cygnet.
Cyprus faces backlash over use of British bases to bomb Houthis
The Cyprus government is facing growing criticism over British military bases on the island being used by UK and US forces to stage airstrikes on Iran-backed Houthi rebels in Yemen.President Nicos Christodoulides has been accused by activists of turning a blind eye to the risks the EU’s most easterly state might confront if the strategic facilities on the island continue to be deployed in military operations.The Guardian has learned that both the US ambassador and British high commissioner briefed the Cypriot president of imminent military action in Yemen before the first round of airstrikes last week.“There are ever more war planes taking off every day,” Tassos Costeas, a prominent Greek Cypriot peace activist, told the Guardian. “The dangers of Cyprus becoming a target are evident. The two installations, retained by the British after the country won independence in 1960 to end decades of colonial rule, operate as sovereign overseas territories beyond the reach of the republic. Both extend across 3% of Cyprus’s land mass, or 98 sq miles.Although never confirmed, EU diplomats in Nicosia, the island’s war-split capital, say US forces are present on the military installation. “If you look over the fence at Akrotiri you’ll see US military surveillance and other aircraft,” one said.On Tuesday, the Cyprus government’s spokesperson, Konstantinos Letymbiotis, emphasised the eastern Mediterranean island was not involved in any military operations, intimating that under the bases’ treaty of establishment, the UK was not obliged to inform Cypriot authorities about activity in the facilities. “The government is in constant communication with the UK within the framework established in relation to the bases’ use,” he said.Protests mounted last week after RAF Akrotiri was used as a launch pad for Typhoon fighter jets conducting targeted airstrikes on Houthi strongholds in Yemen in retaliation for attacks on commercial shipping in the Red Sea. The pro-Palestinian militia has justified its assaults – with one of its missiles recently hitting a Greek-owned cargo ship – by saying it was acting in response to Israel’s ongoing offensive. In an apparent attempt to calm nerves in Cyprus, the British defence minister, Grant Shapps, was on the island on Friday meeting the president. “We want to do everything possible to ensure the security of Cyprus, which is in everyone’s best interests. We appreciate that you are in a difficult neighbourhood and want to do everything possible to make it easier,” he said. The Houthis, he claimed, “do not pose an immediate threat to Cyprus”.The US and UK strikes have exacerbated concerns of the Israel-Gaza war becoming a wider regional conflagration. Washington and London have vowed to continue the airstrikes if necessary. Cypriot activists say they are deeply concerned the British bases may also be used by the US and UK to send military aid to Israel, a claim neither country has confirmed.At Sunday’s protest, demonstrators chanted “out with the bases of death” outside the entrance of RAF Akrotiri, close to the coastal city of Limassol in the island’s south.Within weeks of the Hamas attack, Israel’s Haaretz newspaper reported that “more than 40 US transport aircraft, 20 British transport aircraft and seven heavy transport helicopters [had] arrived at the British Akrotiri base on the island. They carried equipment, arms and forces.”
South Korea crowd crush: Seoul police chief charged over Halloween disaster in which 158 died
Seoul’s chief of police has been charged with professional negligence over the deadly Halloween crush in 2022 that killed nearly 160 people, prosecutors in the South Korean capital have said.Kim Kwang-ho, head of the Seoul Metropolitan Police Agency (SMPA), was charged with professional negligence resulting in injury or death, Seoul’s western district prosecutors’ office said in a statement released on Friday.As the chief of the SMPA, it is alleged he “did not take necessary measures, such as deploying sufficient police forces and ensuring proper command and supervision” on the day of the crush, the statement claimed, although he was able to “foresee potential dangers arising” from overcrowding in the nightlife area.Kim, the highest-ranking police official to face trial over the tragedy, was charged without detention.On 29 October 2022, tens of thousands of people – mostly in their 20s and 30s – had been out to enjoy post-pandemic holiday celebrations in Seoul’s Itaewon nightlife district. But the night turned deadly when people poured into a narrow, sloping alleyway between bars and clubs, leading to a crowd crush.In January last year, Kim and 22 other officials from the police, rescue and district offices were referred to prosecutors by a special police investigation team for their alleged involvement in the government’s mishandling of the crush. Prosecutors subsequently charged the heads of the police station in Seoul’s Yongsan district, which includes Itaewon, and the Yongsan Ward office, but had been undecided about charging Kim for more than a year.Friday’s statement alleged Kim, “along with the chief of the Yongsan police station and the head of the Yongsan Ward office who are currently on trial, collectively caused the deaths of 158 individuals and injuries to 312 individuals as a result of professional negligence”.Families of the victims said they regretted the prosecution’s lengthy decision-making process before charging Kim.“Chief Kim must immediately step down from his position and face trial,” the families said in a statement. “President Yoon Suk-yeol must dismiss Kim immediately.”Here in the UK, the prime minister, Rishi Sunak, had promised us a government of stability and competence – not forgetting professionalism, integrity and accountability – after the rollercoaster ride of Boris Johnson and Liz Truss. Remember Liz? These days she seems like a long forgotten comedy act. Instead, Sunak took us even further through the looking-glass into the Conservative psychodrama. Elsewhere, the picture has been no better. In the US, Donald Trump is now many people’s favourite to become president again. In Ukraine, the war has dragged on with no end in sight. The danger of the rest of the world getting battle fatigue and losing interest all too apparent. Then there is the war in the Middle East and not forgetting the climate crisis …But a new year brings new hope. There are elections in many countries, including the UK and the US. We have to believe in change. That something better is possible. The Guardian will continue to cover events from all over the world and our reporting now feels especially important. But running a news gathering organisation doesn’t come cheap.
Can Japan do what ISROs Chandrayaan-3 did? All eyes on first moon landing of 2024
A successful soft landing of the Smart Lander on the lunar surface would put Japan in exclusive company, with just the US, USSR, China and India managing the feat already. Japan hopes to shake off a string of major setbacks to its space ambitions with an attempt to land a lander on the moon’s surface early Saturday morning.A successful soft landing of the Smart Lander on the lunar surface would put Japan in exclusive company, with just the US, Russia, China and India managing the feat already. Japan beat arch-rival China in launching its first satellite in 1970 but has since taken a back seat to a series of high-profile Chinese space successes. That includes the world’s first ever soft landing on the far side of the moon in 2019, and landing on Mars in 2021. India has eclipsed Japan, too, succeeding in a second attempt last August by landing near the lunar south pole. For Japan, landing on the moon has been even tougher to crack. Its space agency, JAXA, lost contact with a lunar lander in late 2022, while Tokyo-based Ispace Inc. also suffered a communication failure with a craft bound for the moon last April. Other setbacks include the botched debut of JAXA’s H3 heavy-lift rocket, which failed after takeoff last March and hasn’t flown since. Meanwhile, JAXA’s smaller Epsilon rocket is grounded, too, following an explosion in October 2022.
Galaxy S24 Ultra vs Pixel 8 Pro vs iPhone 15 Pro Max: The big 3 flagships compared
The heavyweight champions of smartphones go head-to-head! We compare the S24 Ultra, Pixel 8 Pro, and iPhone 15 Pro Max. Samsung’s latest flagship, the Galaxy S24 Ultra, has finally arrived on the scene. For those of you scratching your heads over which flagship phone to invest your cash in, the choices available on the market today could not get much better. The Galaxy S24 Ultra, Pixel 8 Pro, and iPhone 15 Pro Max are easily three of the most drool-worthy handsets out there at the moment.However, with more choices comes tougher decision-making. The short answer is that there’s no clearly superior option. In this article, we’ll take a deep dive into identifying the key features that make each of these three smartphone heavyweights stand out from the crowd. This way, you can better analyze which one aligns best with your preferences. Starting with the exterior, none of these three phone models go crazy overboard when it comes to flashy design elements, but instead feature sleek, minimalistic aesthetic looks. Through very savvy marketing and brand image building, they have also each managed to establish instant visual recognition for their rear camera modules. The simple yet iconic floating camera lenses immediately scream “Samsung!” to consumers, while the elongated horizontal camera bar is synonymous with the Pixel brand. And of course, the iPhone’s distinctive triple camera array meticulously arranged in a floral-inspired pattern is quintessentially Apple. However, there are some clear distinctions. The Galaxy S24 Ultra is designed to for stylus use and thus has a squarish design that maximises the screen real estate you get. The phone also features a massive 6.8-inch display, the biggest out of the three, and resultantly is the widest, thickest, and heaviest out of the three. Meanwhile, the Pixel 8 Pro and iPhone 15 Pro Max have very similar dimensions with their 6.7-inch displays. Ultimately, the Pixel 8 Pro comes up on top in terms of in-hand comfort thanks to rounded edges and a weight of 213 grams vs the boxier and heavier design of the iPhone 15 Pro Max. In terms of materials, it’s worth noting that both the Galaxy S24 Ultra and iPhone 15 Pro Max feature ultra-sturdy titanium alloy frames, while the Pixel 8 Pro sticks with the more conventional but still durable aluminum composition. Titanium is well known for its unmatched strength, but in reality, the difference may not necessarily be noticeable during average everyday use. For those who prioritise display size over all else, the Galaxy S24 Ultra is the clear standout choice, as it offers the highest pixel density out of the three models, and can also blast out a downright dazzling peak brightness of up to 2600 nits. Despite the Galaxy S24 Ultra being outfitted with one of the fastest mobile processors currently available, the Snapdragon 8 Gen 3, it still can’t hold a candle to the power of the A17 Pro chip integrated into the iPhone 15 Pro Max. From synthetic benchmarks to real-world usage, the A17 Pro processor simply runs merciless laps around Qualcomm’s silicon, thanks in large part to Apple’s vertically integrated software and hardware optimisations from the chip level all the way up to the operating system. The Google Tensor G3 utilised by the Pixel 8 Pro comes in a distant third place out of the three when it comes to processing muscle. In day-to-day use, you may not notice much of a difference, but when it comes to gaming, most developers still heavily prioritise optimisation for the iPhone and Galaxy chipsets alone, often leaving the Tensor-powered Pixels with second-rate performance.Despite packing in a noticeably smaller sized 4,441 mAh battery compared to the chunky 5,050 mAh and 5,000 mAh units found in the Pixel 8 Pro and Galaxy S24 Ultra models respectively, the iPhone 15 Pro Max still manages to come out on top in terms of power efficiency and overall battery life. Although the S24 Ultra has not yet been independently tested, last year’s model suggests we can expect another extremely close matchup between the iPhone 15 Pro Max and S24 Ultra. The Pixel 8 Pro however is held back by its Tensor G3 chip which is known for running hotter than the competition and draining precious juice. Calling a definitive winner here is a tough call, even though on paper the S24 Ultra appears to win when it comes to hardware specs, thanks in large part to its 200MP main lens. Samsung’s “Space Zoom” system on the S24 Ultra can even crop into an insane 100x zoom range. You’d be hard-pressed to find this unique zoom functionality on any other flagship phone sold in India today (with the exception perhaps being the Vivo X100). The tech industry is obsessed with generative AI. In fact, Samsung’s launch of the Galaxy S24 series was all about ‘Galaxy AI’. The S24 Ultra packs nifty AI camera tools like Generative Edit, which fills in background details using AI. Meanwhile, the Pixel 8 Pro sports a Magic Eraser to remove objects from photos and replace them with generated pixels. It also has Zoom Enhance to make zoomed shots more realistic.
Samsung teases the Galaxy Ring, its newest fitness device
At the recently concluded Galaxy Unpacked event, Samsung unveiled the name and design of the Galaxy Ring, an upcoming smart ring that might offer features similar to the Galaxy Watch. Here's everything we know so far about the new device After months of speculations and rumours, Samsung has officially confirmed the existence of the Galaxy Ring. Teased at the very end of the recently concluded Galaxy Unpacked event, Samsung said that the smart ring is a “powerful and accessible” health and wellness device.At the event, Samsung only revealed the name and design of the upcoming wearable. However, chances are that Samsung will follow in the footsteps of other smart rings and offer fitness tracking features like heart rate monitoring, blood oxygen level, sleep tracking and step counter. According to Dr Matthew Wiggins, a clinical research scientist at Samsung Research, the Samsung Health app will soon get features like monitoring potential sleep apnea symptoms using sleep tracking algorithms, maintaining heart rate alerts in sleep and some changes to blood oxygen powered by Galaxy AI. He also teased a Fitbit-like feature called ‘My Vitality Score’, which tracks users track their physical readiness and mental preparedness based on their heart rate data, activity and sleep. A future update to the app will also remind users about medications they need to take and warn them about potential interactions with foods and other medications they might be on, hinting that the Galaxy Ring will also get these features apart from the standard fitness tracking functionalities the company offers with its smartwatch.Samsung said that the Galaxy Ring will be “coming soon”, but did not reveal information about the price and launch date. But if we take a look at some of the most popular smart rings available in the market like the Oura Ring 3, the Galaxy Ring might likely cost somewhere around $300.
Suspect allegedly involved in shooting of Spain Vox party co-founder is arrested in Colombia
Colombian police say they have arrested a Venezuelan suspected of involvement in the alleged attempted assassination in Madrid last year of a co-founder of Spain’s far-right Vox party. Greg Oliver Higuera Marcano was wanted in connection with last year’s shooting of Alejo Vidal-Quadras, a former leader of Spain’s main rightwing political party in Catalonia who went on to co-found Vox, and is a former vice-president of the European parliament. The 78-year-old survived being shot in the head in November last year. Colombian police said in a statement that according to Spanish investigations, the Venezuelan had allegedly “participated logistically in the attack on Vidal-Quadras”.Higuera was “detected” by immigration officials on Tuesday as he “intended to enter Colombia via the Simón Bolívar international bridge” on the border with Venezuela, police said.A “coordination process” was now under way for Higuera to be presented to a court in Spain, the police statement said.Vidal-Quadras was leader of the conservative PP party in the north-eastern Catalonia region in the 1990s. He went on to be an MEP and then was among the founders of Vox, which he left shortly after its creation.Vidal-Quadras has previously accused the Iranian regime of being behind the assassination attempt. In October 2022, Vidal-Quadras was included in an Iranian sanctions list in retaliation for EU sanctions imposed on the country after the death in custody of a 22-year-old Iranian-Kurdish woman, Mahsa Amini.A Paris-based Iranian opposition group, the Committee of the National Council of Resistance of Iran, has previously described Vidal-Quadras as a staunch ally and blamed the Iranian government for the attack.In November last year, Spain announced the arrest of three suspects in the “attempted terrorist assassination” of Vidal-Quadras.The suspected gunman, described by Spanish authorities as a Frenchman of Tunisian origins, has not been caught.
New CNN head says network needs to recapture ‘swagger and innovation’
We’re committed to keeping our quality reporting open. By registering and providing us with insight into your preferences, you’re helping us to engage with you more deeply, and that allows us to keep our journalism free for all. You’ll always be able to control your own. CNN’s new chief executive says the company needs to recapture the “swagger and innovation” of its early days – and that, he says, increasingly means embracing a future outside of television. Mark Thompson, appointed CNN’s chief executive last fall after stints at the New York Times and the BBC, outlined a strategy to his staff on Wednesday that included a corporate restructuring but few external specifics on how that transformation will take place.Once a “scrappy outsider”, CNN has been slow to respond to the reality of its primary television business shrinking, Thompson said in his memo.“There’s currently too little innovation and risk-taking,” Thompson said in the memo. “Like so many other news players with a broadcast heritage, CNN’s linear services and even its website can sometimes have an old-fashioned and unadventurous feel as if the world has changed and they haven’t.” CNN needs to follow the audience, and smartphones are where most people under 40 first turn for news, he said.To change the thinking, Thompson said the current national, international and digital teams need to be combined into one unit, under the leadership of Virginia Moseley as executive editor. Mike McCarthy will become CNN’s managing editor.Atlanta-based CNN is also hiring Alex MacCallum, currently chief revenue officer at the Washington Post, as an executive in charge of digital projects and services.That’s where Thompson, known for establishing the digital subscription service that transformed the Times as a business the past decade, will look for sustained revenue at CNN. It’s not clear whether this will mean a paid subscription service or other products. In the past, CNN hasn’t always “gone the extra mile to squeeze every bit of value from the outstanding news and other intellectual property we create”, he wrote. “No longer.” He said the CNN.com website needs “drastic modernization. .The network also needs multiple digital projects to complement the CNN Max streaming service, he said.With cord-cutting, the audience for cable television in the US has fallen by one-fifth in the past two years, he said. CNN’s full-day ratings averaged 479,000 in 2023, down 15% from a year earlier. Fox News Channel’s 1.22 million was down 18% and MSNBC’s 780,000 was up 6%, according to the Nielsen company. Thompson said CNN’s television personalities must find multi-platform audiences, and praised Anderson Cooper’s All There Is podcast about grief.
