CRACKS
Economic cracks are getting exposed in the 2024 market bounty
Dispiriting trends that have been visible for months now alongside the frenzy for megacap tech stocks and private credit – are on display yet again. Companies with dicey balance sheets have underperformed anew in June. Equal-weighted stock benchmarks where disruptive AI market leaders have the same weighting as industrial bellwethers have lagged yet again.
SEBI cracks down on finfluencers, streamlines voluntary delisting process
In a significant move, the regulator approved a fixed price process for voluntary delisting, offering companies an alternative to the existing reverse book-building mechanism. Sebi chief Madhabi Puri Buch emphasised that unregulated entities providing market-related advice are acting unlawfully. The regulator also introduced a new delisting framework for investment holding companies, with the fixed price set at a 15% premium over the floor price. Additionally, SEBI granted exemptions to certain UNI funds from the beneficial ownership rule.
Homes develop cracks in Srinagar's Rainawari due to land subsidence
The area was hit by land subsidence in 1999-2000, after which a case study was done by a team of experts led by Bikram Singh Bali from the Department of Earth Sciences at the University of Kashmir.
A tip-off opened NEET Pandora's box: Mystery call on 4 criminals led Bihar police to crack paper leak case
An anonymous whistleblower's tip to Patna police exposed a nationwide NEET-UG fraud network. Four suspects were arrested, leading to the discovery of a large-scale operation where candidates paid Rs 30-50 lakh for leaked questions. The investigation revealed a vast network involving coaching institutes, teachers, and students, with significant evidence seized and multiple arrests made.
Atal Setu cracks: MMRDA expects repair work to be completed by evening
The repair work by the Mumbai Metropolitan Region Development Authority (MMRDA) is underway on the approach road connecting Atal Setu in Maharashtra's Mumbai.. Project Head Kailash Gantra said that the repair work will be completed by this evening.
Cracks on Mumbai's Atal Setu? Congress alleges corruption, BJP fires back
Named in tribute to former Prime Minister Atal Bihari Vajpayee, the bridge's construction quality has now been called into question by the emergence of these defects. "I inspected this bridge with my colleagues to expose the corrupt practices of the government as part of the Congress party agitation. The matter is very serious and we demand that the Hon'ble High Court should take immediate notice and investigate the matter," Maharashtra Congress chief Patole said.
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Sarkari babus don't be late to office or you'll lose attendance; Centre cracks whip on latecomers
The Centre's DoPT mandates biometric attendance by 9:15 AM, allowing a 15-minute delay with half-day leave deduction for latecomers. The directive enforces punctuality and advance notice, addressing concerns post-Covid-19 outbreak.
"Congress' long-term plan to create rift with help of lies": Maharashtra Dy CM on claims of Atal Setu cracks
Maharashtra Deputy Chief Minister Devendra Fadnavis dismissed allegations of structural danger to the Atal Setu as false claims by Congress. Maharashtra Congress President Nana Patole had inspected cracks on the Mumbai-Trans Harbour Link, attributing them to corruption. Fadnavis clarified that the cracks were on an approach road, not the bridge itself, and were minor, requiring immediate repair. The Mumbai Metropolitan Region Development Authority (MMRDA) assured the public that the bridge is safe, and repair work would be completed within 24 hours without disrupting traffic.
How to crack interview for an assured job offer? Career expert advices three smart lines and acting skills
Job interviews require skill, preparation, and effective communication. LinkedIn expert Andrew McCaskill advises thorough rehearsal to boost confidence. He recommends a strong closing pitch to express enthusiasm and relevant skills: "I want to underscore how much I want this job... Here’s why..." Hiring managers value enthusiasm and confidence, which candidates should clearly demonstrate to succeed.
Tailor's son from Latur cracks four competitive exams at the age of 24
Exhibiting remarkable talent and unwavering determination, a 24-year-old man from Latur, hailing from a family of tailors, has successfully passed four competitive examinations in Maharashtra within a brief period. Despite his achievements, Narsing Vishwanath Jadhav, a resident of Nilanga town in central Maharashtra's Latur district, refuses to rest on his laurels. Coming from humble beginnings, he aspires to attain the esteemed position of a Class 1 officer, driven by his relentless dedication and perseverance.
A magnitude 4.8 earthquake in southwestern South Korea cracks walls and leaves other minor damage
A magnitude 4.8 earthquake struck Buan, a fishing community in southwestern South Korea, causing minor property damage but no injuries. The quake, with a depth of 8 kilometers, was the strongest in South Korea this year. It resulted in cracked walls, broken tiles, and items knocked off store shelves. The National Fire Agency reported eight cases of property damage in Buan and Iksan, and received nearly 80 calls from residents who felt the tremor.
Prosecutor says 'no one is above the law' as he urges jurors to convict Hunter Biden in gun case
Prosecutor calls FBI agent as final witness in Hunter Biden trial, with family members including Jill and James Biden present in court.
RBI cracks down on payment frauds; layoffs at Simpl
The central bank is setting up a panel headed by former NPCI chief Abhaya Hota to take on payment frauds. This and more in today’s ETtech Top 5.
Hunter Biden’s abusive rant against First Lady Jill Biden. iPhone makes startling revelations. Inside story
It has been reported that Hunter Biden insulted his stepmother who is the First Lady of the US. Two instances have come to the public forum.
AI is cracking a hard problem - giving computers a sense of smell
Alexander Graham Bell urged National Geographic readers over 100 years ago to pioneer a new science of odour. Today, advancements in machine olfaction, or 'digitised smell,' are meeting this challenge.
Saudi Arabia cracks down on unauthorized Hajj pilgrims, visa overstayers
Saudi security agencies crack down on unauthorized Hajj pilgrims. Violators face fines, imprisonment, or deportation. Visit visa holders warned against entering Mecca for the annual Hajj pilgrimage.
US presses TikTok, Meta and X to crack down on antisemitic posts: report
The Biden administration urges tech companies to tackle antisemitic content. Companies like Alphabet, Meta, Microsoft, and TikTok met with U.S. special envoy Deborah Lipstadt to combat rising antisemitism post Hamas attack on southern Israel and Gaza Strip bombardment.
Xi Jinping exposes cracks in China's governance model
President Vladimir Putin emphasized Russia and China's commitment to a more democratic multipolar world order during his visit to China. Critics point to Xi Jinping's concentration of power, erosion of norms, and struggles in maintaining control over the PLA, raising concerns about China's governance model.
Sebi cracks down on gaming apps involved in virtual trading
The Securities and Exchange Board of India (Sebi) has asked exchanges and depositories not to share real-time price data with third parties in a move aimed at quashing such activities.
Sebi cracks the whip on finfluencers trying to manipulate IPOs
The move is meant to restrict the impact of finfluencers in the IPO market and help investors have an easier understanding of key features of an offer. All IPO-bound companies are mandated to make videos informing investors not to rely on finfluencers or financial influencers circulating misinformation on social media platforms.
Alphabet CEO Sundar Pichai says secret to cracking Google interview lies in this 2009 Bollywood blockbuster!
During a podcast hosted by YouTuber Varun Mayya, Pichai was questioned about his awareness of the a tutoring industry dedicated to assisting individuals in impressing recruiters at FAANG companies. He was also asked if he was open to sharing insights on cracking challenging interviews.
UPI growth 2.0: Efforts on to crack DBT code
UPI user base has been hovering around 300 million for some time; RBI, banks are trying to push up this number.
Vistara flight makes emergency landing at Bhubaneswar airport, passengers safe
The New Delhi-bound Vistara flight landed back at the Biju Patnaik International Airport (BPIA) here barely 10 minutes after taking off, the officials said. The aircraft's windshield developed a crack due to the hailstorm that lashed several parts of Odisha this afternoon.
European regulators crack down on Big Tech
Apple, Meta Platforms and Google are set to be investigated for potential violations of the European Union's Digital Markets Act (DMA) that could lead to fines of up to 10% of their global annual turnover, according to people with direct knowledge of the matter.
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