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Amid growing bonhomie, India asks Russia to advance S-400 missile system deliveries
India has urged Russia to speed up deliveries of the S-400 air defence missile system, citing its strategic needs amid geopolitical tensions. Originally scheduled for completion by 2024, delays due to Russia's conflict with Ukraine have pushed the timeline. India has already operationalized three squadrons and seeks quicker deployment to bolster its air defence against aerial threats from China and Pakistan. With recent advancements in indigenous missile systems, India views the S-400 as pivotal in enhancing its air defence capabilities, amidst broader military cooperation with Russia.
EU antitrust regulators accept Apple's offer to open up mobile payments system
Apple said its offer would give European developers an option to enable tap-and-go payments for car keys, closed loop transit, corporate badges, home keys, hotel keys, merchant loyalty/rewards, and event tickets from within their iOS apps. The offer will be valid for 10 years.
Ganesh Green Bharat IPO booked over 35x on Day 2; Effwa Infra’s issue subscribed nearly 38x
The SME IPO of Ganesh Green Bharat was booked over 35 times so far on the second day of the bidding process. The issue, which closes tomorrow, received bids for 15 crore shares as against 45 lakh shares on offer.
Effwa Infra and Research IPO opens today: Check issue size, price band, GMP and other details
Effwa Infra and Research IPO is now open for subscription, aiming to raise Rs 51.27 crore. The company offers engineering and project management services in water pollution control. Investors can bid for shares at Rs 78-82 apiece.
Huawei's Harmony aims to end China's reliance on Windows, Android
Huawei's recent strong selling smartphone launches have been closely watched for signs of advances in China's chip supply chain, the company has also quietly built up expertise in sectors crucial to Beijing's vision of technology self-sufficiency from operating systems to in-vehicle software.
Hunt on for mule bank accounts; Tata Digital pause on funding
The government is working with the central bank to catch mule accounts in India’s banking system and prevent fraud. This and more in today’s ETtech Morning Dispatch.
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Kanchanjungha Express Train Accident: Why was Kavach missing? Another disaster brings focus back to anti-collision system
Kanchanjungha Express Train Accident: A goods train collided with the Kanchanjungha Express collided near New Jalpaiguri, resulting in several deaths and over 60 injuries. The incident highlighted the absence of the railway's anti-collision system, "Kavach," designed to prevent such accidents. Developed by Indian Railways, Kavach aids in avoiding signal breaches and speeding, enhancing safety during adverse weather. Implementation challenges remain as Railways aims to cover 70,000 km with Kavach.
A year apart, Kanchanjunga train mishap brings back memory of Coromandel tragedy
Train Accident Today (Google Trends): The recent collision of a goods train with the Kanchanjungha Express in Darjeeling district, West Bengal, has raised concerns about railway safety. Similar to the Coromandel Express disaster in June 2023, signalling errors were reportedly a factor. The Coromandel Express collision, which resulted in India's worst railway disaster in three decades, highlighted the need for improved safety measures. The incidents underscore the importance of addressing issues in signalling and communication systems to prevent such tragedies in the future.
Mumbai Airport Shock: IndiGo lands while Air India takes off, here's what went wrong
A close call occurred at Mumbai Airport when an IndiGo flight landed while an Air India plane was taking off, breaching the safety margin. Both airlines claimed they were following Air Traffic Control (ATC) clearances, highlighting the challenges faced by pilots and controllers in managing heavy traffic at the airport's single operational runway.
There is a rebound in FMCG today, IT stocks could be next, don't write them off: 10 IT stocks with upside potential of up to 43%
It is not only that nifty it has been changing color in every second day, In the last two days FMCG stocks have seen a strong price action and a couple of up-grades have also come. There is literally a 360 degree change in the narrative about the sector and its fortune that was being heard . What happens in reality will be known later but this just highlights two things. First a business which has survived for long, there are phases where they are ignored by the street and then make sudden come back, just due to reason that they have size. Second, never write off a good balance sheet. Now the same thing applies to the IT sector, they have been ignored by the street for a good reason, lower growth and business challenges which AI is bringing to table. But the fact is that they also have strong balance sheets and the fact that they cater to demand where the market size is big and is global in nature and have a track record of adapting well to changes.
Elon Musk sees another big advisory firm come out against his multibillion dollar pay package
Tesla CEO Elon Musk's pay package, recently valued at $44.9 billion, has been re-endorsed by ISS and Glass Lewis. The firm argued that the package was outsized and failed to achieve board objectives. It also noted that Tesla met the pay package's performance objectives and recognized the company's substantial growth in size and profitability. However, concerns about Musk spending too much time on other ventures raised in 2018 and since then have not been sufficiently addressed.
Delhi's discoms relying on advanced-technology transformers to ensure uninterrupted power supply
Delhi's power distribution companies (discoms) rely on advanced technology transformers to meet peak demand amid scorching temperatures. BSES and TPDDL utilize transformers designed to operate efficiently even in extreme heat, ensuring uninterrupted power supply. With remote monitoring and cooling systems, these transformers withstand Delhi's environmental challenges, preventing outages.
US is slowing AI chip exports to Middle East by Nvidia, AMD
In October, the Commerce Department added much of the Middle East to chip export restrictions that originally focused on China and a handful of other foreign adversaries. That meant companies needed a special US government license to ship cutting-edge semiconductors and chipmaking tools to countries such as Saudi Arabia and the UAE.
Ukraine's Zelenskyy gets more air defence missiles from Spain to fight deadly Russian glide bombs
Two Patriot systems are needed to protect the northeastern Kharkiv region, where the Kremlin's forces launched a cross-border offensive on May 10 that left Ukrainian troops reeling, Zelenskyy said. The death toll from a glide bomb attack on a Kharkiv shopping mall Saturday rose to 18, regional Gov Oleh Syniehubov said Monday, with five people still missing.
Best PVC Curtains for AC in India to Keep Your Room Cool (2024)
Are you looking for PVC curtains for your home or shop? If so, then continue reading this article, where we have curated a list of the best PVC curtains for AC in India. All of these options are rated highly by their users and are readily available on Amazon. Find the one that suits you best and place your order using the given buying link.
Home-grown feasts: How Goans once raised pigs & prepared them for festivals
Today, pigs are also disappearing from public sight. A few are still home-raised, but the government is promoting pig farms where rearing happens in intensive conditions, with far more cruelty to the animals. Instead of recycling wastes, they are given specialised feeds, whose production has greater environmental costs. Local breeds like Agonda pigs are being replaced by the Large White (Yorkshire) and Duroc breeds suited for factory farming.
Trading journal is the most underrated risk mitigation technique. Here’s a 5-step guide
The trading journal is an indispensable for enhancing trading skills. It helps to systematically record all trades that enables us to identify the strengths and weaknesses, analyze trades, and create a profitable strategy. Finance Minister Nirmala Sitharaman emphasized the benefits of using a trading journal to enhance trading skills and profitability, highlighting the importance of stability in the financial market to protect investors.
Donald Trump wants to control the Justice Department and FBI. His allies have a plan
Donald Trump's allies aim to reshape the Justice Department to align with conservative causes, potentially compromising its independence and core values in a second Trump presidency.
Delhi's pollution worsens: This May is already more polluted than the previous 2 years
Pollution data indicates that the average Air Quality Index (AQI) from May 1-16, 2024, was 233. However, the average AQI during the same period was 182 in 2023 and 215 in 2022.
Portugal is facing suspension from the Schengen Zone. Here's what you need to know if you have a trip planned
Travelers eyeing Portugal must be aware of the EU's pressure on the country to implement a new border control system by July 2024, or face suspension from the Schengen Area. Delays attributed to bureaucratic hurdles and financial constraints highlight the urgency and potential impact on tourism and travel plans.
How China rose to lead the world in cars and solar panels
Top leaders in the United States and Europe have started urging China to reduce its exports to the world and boost its imports.
United World Wrestling suspends Bajrang Punia; Sports Authority of India approves training abroad but wrestler cancels trip
United World Wrestling (UWW) suspended Bajrang Punia till the end of the year for refusing National Anti Doping Agency's (NADA's) dope test. The wrestler contested whereabouts failure notice from NADA and denied refusal to test. Mission Olympic Cell had approved training funds for Punia despite NADA's actions. Bajrang cancelled training plans and filed a reply to NADA.
M&M Fin to increase due diligence for onboarding: CEO
Rebello said that the company has started centralising operations in the last six months to overcome the challenges of decentralised operations - how it was structured historically.
US eyes curbs on China's access to AI software behind apps like ChatGPT
Biden admin plans to regulate AI models export to China. Commerce Dept may use computing power threshold. Concerns about AI's role in bioweapons, cyber attacks. Challenges in defining export criteria.
View: How ABDM could revolutionise India's healthcare system
India's healthcare system aims to improve care outcomes through the Ayushman Bharat Digital Mission. ABDM facilitates seamless access to medical histories, personalized treatments, and expanded healthcare access. Challenges include inadequate digitization and the need to build trust in digital health systems.
How zero-waste logistics can close the loop on sustainability
In recent years, sustainability has surged to the forefront of business priorities, marking a 292% increase since 2021, according to Gartner's CEO survey.
Everyone is interested in millets. But where are the crops?
The praiseworthy efforts to make mainstream millets in the food system are in danger of losing steam because of a lack of incentives to attract farmers.
₹60,000-crore Sukhoi fighter upgrade begins, to involve private sector in big way
The mainstay Su 30MKI fighter jet fleet is set to undergo a comprehensive upgrade worth ₹60,000 crore. The upgrade will include new radars, mission control systems, electronic warfare capabilities, and integration of new weapon systems. Hindustan Aeronautics Limited, with support from DRDO, will lead the upgrade with heavy participation from the private sector.
EU moving towards paperless customs system from June; Indian exporters must prepare to comply
The European Union (EU) is transitioning to a paperless customs process, implementing the second phase of its Import Control System (ICS) from June 3, 2024. This move is significant for Indian exporting firms, as the EU constitutes about 17% of India's total merchandise exports.
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