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    CAMS, Google Cloud to build cloud-native platform

    The next generation platform, envisaged with Google Cloud, is a strategic step of the company to leverage the multiple benefits of cloud-based platforms and emerging technologies for the rapidly growing asset management industry, CAMS said in a statement here on Tuesday.

    These largecaps have ‘strong buy’ & ‘buy’ recos and upside potential of over 20%

    Just because the Nifty has been trading in a volatile mood for the last few trading sessions, the word correction might be heard on the street. The fact is that if one looks at the internal of the markets, there has been an ongoing correction which is taking place which has been largely guided by the numbers which companies have delivered for Q4. Also there is a kind of sectoral correction taking place. The good part is that such kind of sectoral corrections are indicative of underlying bullishness and these corrections are part of any bull run. The only thing any investor needs to make sure is that in any corrective phase, bias when making fresh investment should be toward large cap stocks as there is a possibility that they would see less damage in corrections which are stronger in nature due to global or macro developments. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.

    Just because the Nifty has been trading in a volatile mood for the last few trading sessions, the word correction might be heard on the street. The fact is that if one looks at the internal of the markets, there has been an ongoing correction which is taking place which has been largely guided by the numbers which companies have delivered for Q4. Also there is a kind of sectoral correction taking place. The good part is that such kind of sectoral corrections are indicative of underlying bullishness and these corrections are part of any bull run. The only thing any investor needs to make sure is that in any corrective phase, bias when making fresh investment should be toward large cap stocks as there is a possibility that they would see less damage in corrections which are stronger in nature due to global or macro developments. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.

    Govt planning new way to save you from bank and other financial scams

    Amidst the surge in phone call scams, the Department of Telecom (DoT) has unveiled a new solution to differentiate between authentic calls and those orchestrated by fraudsters. As per reports from ToI, the DoT has designated a distinct 10-digit numbering series commencing with 160 for service and transactional calls originating from governmental bodies, regulatory agencies, and financial institutions.

    DoT asks telcos to reverify 6.8 lakh suspect mobile connections

    The Department of Telecommunications (DoT) is initiating a re-verification process for approximately 6.8 lakh mobile connections suspected of being obtained through forged documents. These connections, flagged by advanced AI-driven analysis, are believed to have used fake or invalid proof of identity and address documents. Telcos have been directed to complete the re-verification within 60 days, with failure resulting in disconnection.

    IREDA may float FPO this FY

    Separately, in March, the lender's board had approved a proposal of Rs 24,200-crore borrowing for 2024-25. The amount will be raised through taxable bonds, green taxable bonds, perpetual debt instruments, green masala bonds, green foreign currency bonds and external commercial borrowings, among others.

    • Shiprocket to upskill 100,000 Indian MSMEs through e-commerce learning

      The Shiprocket Growth Academy aims to foster a thriving community where sellers can connect, share valuable insights and learn collaboratively.

      Establishing open prisons can be solution to decongest jails: Supreme Court

      The Supreme Court suggested establishing open jails as a solution to prison overcrowding and prisoner rehabilitation. Open prisons allow convicts to work outside during the day and return in the evening to integrate into society and reduce psychological pressure. The court expressed interest in expanding open prisons nationwide, citing the efficient system in Rajasthan. However, it clarified that it wouldn't address issues already pending before other benches.

      Should investors be contra buyers in IT? Rajeev Thakkar answers

      ​In each bull market, there will be pockets of exuberance, but there will be some other pockets which will be out of favour and that is where we tend to look for opportunities.

      Govt extends deadline for comments on draft digital competition bill till May 15

      It has also extended the deadline for submission of comments by stakeholders on the report of Committee on Digital Competition Law (CDCL). The initial deadline is to end on April 15. Earlier, the Ministry of Corporate Affairs (MCA) had invited comments of stakeholders on the report of CDCL as well as draft digital competition bill under e-consultation module by April 15.

      DoT secretary launches experimental module for 5G labs; 1,500 permits granted so far

      The licences are being issued on 'self-declaration mode' from the Saralsanchar portal of DoT through National Single Window System (NSWS), the statement said.

      Indosol Solar commences PV module production at Ramayapatnam project

      Indosol Solar, under Shirdi Sai Electricals, launches a 500 MW solar PV module manufacturing facility in Ramayapatnam, Nellore, Andhra Pradesh, with plans for a fully integrated plant and significant economic impact in Andhra Pradesh.

      Amid booming EV sales in India, a nagging issue: Who will service your car?

      For now, the pressure on service centres is not much as the share of EVs on the road is low. As per Jato Dynamics data, in CY 2023, the share of electric four-wheelers was 1.7% and two-wheelers 5.03%. Meanwhile, over 50% of three-wheelers were electric.

      Taxman sending mails in cases of advance tax, transactions mismatch

      The income tax department is reaching out to assesses whose advance tax payments don't match their financial transactions, urging them to correctly calculate and pay their advance tax by March 15. This initiative aims to ensure tax compliance and enhance taxpayer services. The department uses data from the Annual Information Statement to identify discrepancies and inform taxpayers. Taxpayers can log in to their e-filing accounts to view details of significant transactions and comply with tax regulations.

      CARS24 Financial Services partners with Credgenics to streamline collections process

      The company said that the objective behind the move is to "streamline the car ownership experience for customers by introducing innovative solutions powered by cutting-edge technology, ensuring a hassle-free journey."​​

      Majority of employees feel difficulty in adapting work-from-office module: Report

      There is an apprehension among employees regarding the adaptation to the work-from-office module, and 69 per cent of respondents have expressed concerns about the potential challenges associated with this transition, a report by staffing solutions and HR services provider Genius Consultants said.

      Seros Energy leads charge for sustainable CBM exploration in India

      At the event, Seros Energy showcased its comprehensive portfolio, featuring cutting-edge assets and specialised services such as directional drilling, hydraulic fracturing, coiled tubing, nitrogen services, cementing, well stimulation, and intervention, the firm said in a statement. The company boasts a prestigious clientele, including the major players in India's CBM sector such as Essar Oil and Gas Exploration Production Ltd, Reliance Industries Ltd, and ONGC.

      1.5 million EVs were sold in India in 2023. But who will repair them?

      The electric vehicle ecosystem is developing fast in the country. But a shortage of trained personnel to repair these vehicles can hinder the pace of this growth.

      ISRO to put first Indian astronaut on Moon by 2040

      ​​Currently, they are undergoing mission-specific training at Astronaut Training Facility (ATF) in Bengaluru, said ISRO chief S Somanath, who is also Secretary, Department of Space, and Chairman of, Space Commission.

      Waaree Energies wins 200 MW module supply order from ENGIE India

      Waaree's supply mandate with ENGIE is expected to commence from November this year and is likely to complete by February 2024. ENGIE India is developing the Sayla village project, designated as GUVNL 2, under a 25-year solar power purchase agreement (PPA) with Gujarat Urja Vikas Nigam (GUVNL).

      Momentous occasion: President Murmu on successful landing of Chandrayaan-3 on Moon

      "There are days when history is made. Today with the successful moon landing of the Chandrayaan-3 mission, our scientists have not only made history but also remade the idea of geography. It is truly a momentous occasion. The kind of event that happens once in a lifetime making India proud. I congratulate ISRO and everybody involved in this mission and wish them greater accomplishments ahead," President Droupadi Murmu said in the video message.

      Gaganyaan: 2 more hot tests on SMPS conducts successfully
      Gaganyaan mission: ISRO successfully tests service module propulsion system (SMPS)
      Gaganyaan Human spaceflight mission: ISRO successfully tests service module propulsion system

      Indian Space Research Organisation (ISRO) has successfully tested the propulsion system for its Gaganyaan Service Module at its Propulsion Complex in Tamil Nadu. The system comprised five liquid apogee motor (LAM) engines and 16 reaction control system (RCS) thrusters, designed to support three-member human spaceflight missions for up to a three-day duration. The tests, conducted for a duration of 250 seconds, saw the LAM engines firing in continuous mode and adhering to the test profile.

      PM-KISAN mobile app introduces face authentification feature

      The new feature on the PM-Kisan mobile app was unveiled by Agriculture Minister Narendra Singh Tomar, who said the implementation of the scheme has become "much easier by using technology," an official statement said. "Through PM-Kisan mobile App, remote farmers can do e-KYC by scanning their face without OTP or fingerprint," it said.

      ISRO looking at testing Gaganyaan crew module mission by July, says Chairman Somanath

      The Indian Space Research Organisation (ISRO) is preparing for a range of activities including testing its crew module to ready for the ambitious Gaganyaan mission in July and launching the NASA-ISRO Synthetic Aperture Radar Mission (NISAR) that will analyse and understand the reasons and results of global land surface changes using radar imaging. The space agency is also preparing to launch a weather observation satellite, INSAT-3Ds, and GSLV and PSLV flights in the coming months. The SHAR will host activities toward these efforts, and ISRO is on the verge of acquiring 2,000 acres of land for a launch pad for a small launch vehicle in Kulasekarapattinam and for future rocket launches by private players.

      Phones must not disable FM radio by default: Government

      The Indian government has ordered phone makers to enable the FM radio feature in their handsets in order to allow for the dissemination of real-time emergency information. The Ministry of Electronics and Information Technology has ordered firms to ensure that phones equipped with FM receivers and tuners should not disable the feature by default. In phones not containing the service, manufacturers should make efforts to provide the service.

      Godrej Aerospace to manufacture 8 modules of DRDO turbojet engine

      Commenting on this milestone, Maneck Behramkamdin, AVP & Business Head, Godrej Aerospace said: "We are thrilled to have won the project to manufacture the DRDO Engine modules, which is a testament to our capabilities and expertise in the aerospace sector. This achievement reinforces our commitment to making India self-reliant in aerospace manufacturing thereby, contributing to the country's economic growth.

      Waaree to expand its module manufacturing capacity to 12 GW by Mar 2023

      Waaree is the lone manufacturer in India approved by ALMM (Approved List of Models and Manufacturers) to ship high-wattage panels -- 650WP along with 600WP and 540WP -- from its manufacturing facilities in Surat, Chikhli, Tumb and Nandigram.

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