APPLICATION ISSUES
Bansal Wire IPO offers exposure to domestic manufacturing opportunity
Bansal Wire Industries plans to raise Rs 745 crore through an IPO to reduce debt and meet working capital needs. The company doubled its installed capacity with a Rs 500 crore investment, expecting full benefits this fiscal year. Additionally, the IPO will reduce long-term debt by two-thirds, leading to lower interest expenses. Bansal Wire Industries' EBITDA margin expanded to 6% in FY24, with RoE and RoCE above industry averages.
New Zealand’s popularity soars as a study hub, witnesses 69,000 international student enrollments in 2023
Education New Zealand reported a significant increase in international student enrolments in 2023, reaching 69,135, marking a 67% rise compared to 2022 and representing 60% of 2019 figures. This surge underscores New Zealand's appeal as a study destination known for quality education in a safe environment. Linda Sissons from Education New Zealand highlighted the positive impact of international students on the education sector and communities, emphasizing the enriching cultural exchange that fosters global understanding.
CGHS update: Central govt employees have to mandatorily apply for new CGHS card online, how to apply, rules, documents needed
CGHS rule update for central govt employees: Serving central government employees have to mandatorily apply for a new CGHS card online, the OM said. A central government employee can visit www.cghs.nic.in to generate a temporary reference number. How can a central government employee apply for a new CGHS card. What are the documents needed to apply for a CGHS card? Who can be considered as family members to get CGHS benefits? All you need to know about how to apply for a CGHS card online.
Sebi allows full NRI, OCI participation in IFSC-based FPIs to boost Indian investments
Sebi approves new rules to boost FPI investments from IFSCs by allowing aggregate contributions from NRIs, OCIs, and RIs up to 100%. The move aims to attract more investments from these groups, aligning with Finance Minister's call to increase NRI participation in Indian capital markets.
Allied Blenders and Distillers share allotment likely today. Here's how you can check status
Visaman Global Sales IPO allotment finalized, Allied Blenders and Distillers focus on premium brands like ICONiQ White Whisky and Srishti Whisky.
Sebi streamlines process for public issue of debt securities
Further, the minimum subscription period has been cut from 3 to 2 working days, and the listing timeline has been reduced from T+6 to T+3 working days, which will be initially optional for one year and mandatory thereafter, Sebi chief Madhabi Puri Buch said in a press conference.
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Australian study visa grants drop sharply in 2024
Australia has experienced a significant decrease of nearly 30% in study visa grants during the first four months of this year, with 74,421 visas granted to offshore applicants from January to April, compared to 104,808 granted in the same period in 2023. This decline, although substantial, is less severe than the 53% drop observed between 2019-20 and 2020-21 due to the pandemic.
Over 14 lakh visa applications submitted monthly in 2023: EAM Jaishankar on Passport Seva Divas
External Affairs Minister S Jaishankar highlighted the Ministry's accomplishment of providing 1.65 crore passport-related services to Indian citizens in 2023 and processing over 14 lakh visa applications monthly during the 12th Passport Seva Divas.
Inox Green Energy Services board to meet on 26 June; to consider fundraise options
Inox Green Energy Services Limited plans to raise funds through preferential allotment and warrant issuance in a board meeting on June 26, aiming to acquire Rs 1000 crore for future ventures.
Donald Trump ally Bannon asks the Supreme Court to delay his 4-month prison sentence on contempt charges
Steve Bannon, a longtime ally of former President Donald Trump, asked the Supreme Court on Friday to delay his prison sentence while he fights his convictions for defying a subpoena from the House committee that investigated the attack on U.S. Capitol.
EC receives applications for EVM verification on 8 LS seats in 6 states
Eight candidates seek EVM chip verification post Lok Sabha results, rejected by Supreme Court; BJP's Sujay Vikhe-Patil seeks verification after losing to NCP's Nilesh Lanke; YSRCP and DMDK candidates also apply; verification in 92 polling stations; cost per EVM set Rs 47,200 plus GST; YSRCP and BJD candidates also apply for EVM check
Import curbs on certain types of studded gold jewellery not applicable for SEZ units: DGFT
The government clarified that import curbs on certain studded gold jewellery do not apply to units in special economic zones (SEZs), exempting them from restrictions. The decision is aimed at discouraging inbound shipments from countries like Indonesia and Tanzania. A policy circular by the directorate general of foreign trade (DGFT) plays a significant role in the country's export activities and contributed over one-third of total outbound shipments in the previous fiscal year.
Stand up to breaking news
AI summaries, including Google's feature, pose some key challenges for society and news publishers. For starters, they have issues with accuracy. Unlike Wikipedia, they don't have human oversight or verification, and can pick up unreliable or unverified information from articles as facts. A user who doesn't know better, or can't easily spot issues, may accept it as news.
Canada Permanent Residency: What to expect after your Express Entry application is approved
Upon approval of your Express Entry application, you will receive a Confirmation of Permanent Residence (COPR) and a Permanent Resident (PR) visa if required. The COPR contains personal information and a photograph, which must match your passport details. Any discrepancies should be reported immediately via your online account.
Industry executives a worried lot: Why India-China tensions are equal to a big headache for electronics makers
Indian electronics manufacturers have suffered $15 billion in production losses and 100,000 job cuts due to escalating tensions with China. Visa delays for Chinese executives are hindering the industry's expansion plans, leading to a $10 billion export opportunity loss and $2 billion in value addition loss. Government probes into Chinese companies operating in India have further impacted the sector.
Get ready to renew your US passport online, though there is a catch
Eligible individuals will be permitted to renew their US passports online. This service is available only in the US and not available to those applying through US missions abroad.
What will a robot make of your resume? The bias problem with using AI in job recruitment
Establishing guidelines, ethical standards, and promoting transparency in AI decision-making processes are essential for fair recruitment practices. Collaboration between HR professionals and AI developers can lead to more inclusive and equitable hiring processes.
Bajaj Finance Housing Fin arm to raise Rs 4,000 crore
Bajaj Finance's housing finance arm is set to raise ₹4,000 crore via an initial public offering (IPO) to meet RBI mandates, as confirmed by the company in a stock exchange filing.
NCLT admits personal insolvency plea against Rajkumar Dhoot of Videocon
The NCLT in Mumbai has admitted SBI's application against Rajkumar Dhoot of Videocon Group for a Rs 5,353-crore default by Videocon Industries, where Dhoot was a personal guarantor.
Has Google breached privacy, collected children's voices, license plate details and more?
Google is currently amid a new wave of controversy as a recent privacy breach leak has claimed that it collected the voices of children, license plate numbers as well as home addresses, all of which are immensely private data for individuals.
New Zealand's high rejection rates for student visas from India raise alarm
New Zealand universities tackle high Indian student visa rejection rates. Chris Whelan raises concerns over delays. Immigration New Zealand notes 40% rejection rate for Indian applicants, 2% for Chinese students.
Maximizing job opportunities in Canada: A guide for Express Entry candidates
Canada's economic immigration programs are vital for expanding the national workforce, with nearly all recent growth attributed to them, according to CIC News. To address labor needs, initiatives often connect with immigration programs, like hiring from the Express Entry pool. Employers must meet criteria, including offering skilled work and proving a lack of domestic candidates. Through the Job Match feature of the Job Bank, employers can match job postings with suitable candidates.
Election Commission gets relief as SC refuses to issue direction to upload voter turnout data amid Lok Sabha polls
The Supreme Court declined a request from an NGO to instruct the Election Commission to upload polling station-wise voter turnout data on its website during the ongoing Lok Sabha elections. The vacation bench, consisting of Justices Dipankar Datta and Satish Chandra Sharma, stated that issuing such directions would be challenging due to the need for additional manpower.
DoT to launch pilot for caller name display service to combat spam calls
The Department of Telecommunications (DoT) will soon conduct a pilot to test the implementation of the caller's name display service (CNAP) on mobile phones, following recommendations from the telecom regulator. The pilot will determine whether CNAP should be implemented at the network or physical layer, with results guiding final implementation. CNAP aims to reduce spam and fraud calls. The government plans to mandate CNAP for all mobile phones sold in India after a specified date and will conduct a trial involving all telecom operators.
Europe trips growing popular among Indians: Schengen visa applications surge by nearly 40%
The European Commission's recent report indicates a growing preference for European vacations among Indian travelers, with a notable 43% increase in Schengen visa applications from Indian nationals in 2023 compared to the previous year. Despite this surge, India maintained its third position in Schengen visa applications, with a total of 966,687 filings. Chinese nationals led in visa applications, with over 1.1 million filings, followed by Turks and Indians. Overall, Schengen visa applications surpassed 10.3 million in 2023, marking a 37% increase from 2022.
Are your Apple iTunes and Google Chrome apps vulnerable? CERT-In issues advisory
CERT-In has issued a cautionary advisory concerning security risks in Apple iTunes and Google Chrome desktop applications. These vulnerabilities, if exploited, could allow malicious actors to execute arbitrary code on targeted systems. The advisory specifically mentions vulnerabilities in older versions of Apple iTunes and certain versions of Google Chrome for Desktop. CERT-In urges users to promptly apply security updates provided by the companies to mitigate these risks and safeguard their systems.
UGC NET June 2024 application deadline extended. NTA issues new schedule
UGC - NET June 2024 exam application deadline extended by NTA to May 15. New schedule allows fee deposit until May 17, corrections from May 18-20. Contact 011 - 40759000 for help. Exam on June 18, 2024, 3 hours long.
Developers spending more time firefighting issues than delivering innovation: Cisco survey
The pressure on developers to rapidly deliver new features is compounded by the constant need to assist SREs and IT operations in ensuring application performance and availability.
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