WORLD GLACIER MONITORING SERVICE
Work contracts on GeM mulled, platform to become world’s largest govt procurement portal
GeM, led by CEO Prashant Kumar Singh, aims to surpass South Korea’s KONEPS by integrating construction contracts. FY24 procurement hit Rs 4 lakh crore, and FY25 Q1 reached Rs 1.24 lakh crore, with ministries and CPSEs, contributing Rs 91,000 crore. Nearly completed stakeholder consultations focus on a Unified Procurement System. MSME transaction charges were lowered to 0.3% with a Rs 3 lakh cap.
10 Best LG Monitors in India that Redefine your Productivity and Gaming Experience (2024)
Unveil a world of visual mastery with the best LG monitors, where innovation meets excellence. Immerse yourself in lifelike imagery with high resolutions, HDR support, and wide color gamuts, or unleash your competitive edge with high-refresh-rate displays and adaptive sync technologies. With sleek designs, and intuitive features, these LG monitors redefine the boundaries of visual perfection. Whether you are a creative professional, a passionate gamer, or a discerning user, LG has the perfect monitor to elevate your experience to new heights.
Telecom tariffs are decided by market dynamics, govt clarifies
Government stated it does not interfere with telecom rates, which are determined by market forces. Tariff changes are monitored by Trai. India offers some of the lowest mobile service costs globally.
Aviation market big enough for Akasa Air to succeed, says CEO Vinay Dube
As Akasa Air expands domestically and internationally, CEO Vinay Dube focuses on service excellence and cost leadership, rather than competition. With a fleet of 24 Boeing 737 MAX planes and over 900 weekly flights, the airline aims for profitability while planning further growth. Ancillary services and pilot satisfaction remain key priorities.
$8 trillion & counting! How Family Offices have grown and their impact on the investment world
The history of Family Offices dates back to ancient Rome, evolving into a modern-day necessity for managing wealth and ensuring smooth transitions across generations.
Breaking boundaries: Payoneer's game-changing approach to global payments for Indian SMBs—insights from Gaurav Shisodia
In an exclusive conversation with EconomicTimes.com, Gaurav Shisodia, Vice President of Payoneer India, delves into how Payoneer’s innovative solutions empower SMBs. Diving deep into the paradigm of cross-border transactions, Shisodia highlights its role in driving global disruption and positioning Indian SMBs for international success.
- Go To Page 1
Steering climate risk: How banks can be future-ready
Companies worldwide are assessing climate change risks, including the banking and financial services sector. Climate variability impacts sectors like agriculture, infrastructure, and energy, heavily reliant on banks for financing.
ISRO working on mission to advance high-resolution thermal imaging for climate, resource management
The TRISHNA mission, a collaboration between ISRO and the French space agency CNES, aims to monitor Earth's surface temperature, water stress, and water quality for energy budgeting. The launch schedule is undisclosed.
Sensex soars 2,303 points, Nifty tops 22,600 as key allies back BJP to form government
Nifty FMCG jumped 4.3%, while Nifty Auto gained 4.7% on expectations of rural demand. IT index was up 2.4%. Investors today pocketed Rs 13 lakh crore as the market capitalisation of all listed companies on the BSE surged to Rs 407.8 lakh crore.
Election Result 2024: Narendra Modi-led NDA wins world's largest elections, but there's a lot to brood over
Election Result 2024: The BJP-led National Democratic Alliance (NDA) is struggling to achieve the 400-seat target set by Prime Minister Narendra Modi in the 2024 Lok Sabha election. Falling short of the 272-seat majority mark, the BJP will need support from key allies like Chandrababu Naidu's TDP and Nitish Kumar's JD(U) to form the next government. Unemployment, inflation, inequality, farmers' protests, and concerns over a repressive government are major challenges for the new NDA coalition government.
Indian heatwave highlights temperature 'record' checking challenge
The swift announcement that a potentially record-breaking temperature measured this week in India could have been due to a sensor error highlights the challenges in certifying extreme heat. It found an improvised radiation shield led to a demonstrable thermal bias error for the permafrost monitor's air temperature sensor, making its reading ineligible as a record. apo/rjm/nl/db
How Jocata is helping financial services industry move from legacy systems to AI-powered solutions
Jocata’s low-code platform is driving the future of enterprise lending and embedded finance, says Prashant Muddu, Managing Director & CEO.
India seen to emerge as an economic superpower in impending problem-ridden global financial landscape
Global recession risks have diminished, but inflation concerns threaten financial stability. The IMF, World Bank, and rating agencies forecast a slowdown in global growth, citing Middle East conflicts, financial stress, persistent inflation, and reduced international trade as key risks. The IMF's Global Debt Monitor reveals global debt at $235 trillion, or 238% of global GDP, raising fears of a debt crisis. Fiscal prudence may suffer as many nations face elections this year.
Betting on disruptors in India’s BFSI sector: Insights from Beams Fintech Fund, Sagar Agarvwal
The Fintech and Financial Services sector has grown exponentially in the last few years, and yet much more is to be achieved. In India, the sector contributes nearly one-third of the GDP and $1.3 trn in market cap. Additionally, disruptive products by fintech companies, aided by innovation-friendly policies have made India one of the fastest-growing financial services market in the world. As a result, there are ample opportunities for investments in this space.
Forex settlement next step by GIFT to onshore what's offshore
GIFT City to launch foreign currency settlement system chaired by K Rajaraman, IFSCA, supported by RBI and Clearing Corporation of India. System to settle US dollar transactions between IBUs in real-time. CCIL subsidiary to operate FCSS, aiming for operation by October 2024. Other currencies may be added later
We are positive on financial, pharma & auto; cautious on FMCG: Mukul Kochhar
Mukul Kochhar of Investec Capital Services discusses market reactions to potential election outcomes, emphasizing severe possible impacts and strong business momentum. He covers various sectors like financials, pharma, automobiles, FMCG, and non-ferrous metals, offering insights into each. Kochchar says he is optimistic because of the nascent shoots in the private capex cycle.
Elon Musk's diplomacy: Woo right-wing world leaders. Then benefit
Elon Musk strategically leverages his Twitter ownership to support right-wing heads of state like Javier Milei, Jair Bolsonaro, and Narendra Modi. His endorsements lead to corporate benefits for Tesla and SpaceX in Argentina, Brazil, and India.
What should investors do with FMCG stocks? Dipan Mehta answers
I think a 10-12% correction in the Nifty where it tests the 200-day moving average is a good entry point. Whether that actually happens, I do not know and I cannot even tell you what the triggers could be apart from aside of slightly disappointing election result.
Europe is the fastest-warming continent, at nearly twice the average global rate, report says
The latest five-year averages show that temperatures in Europe are now running 2.3 degrees Celsius (4.1 Fahrenheit) above pre-industrial levels, compared to 1.3 degrees Celsius higher globally, the report says - just shy of the targets under the 2015 Paris climate accord to limit global warming to 1.5 degrees Celsius.
Heat stress is plunging the world’s coral reefs into crisis
Corals support economic activity worth trillions a year, including $36 billion in tourism, according to a study by the Global Coral Reef Monitoring Network.
US continues monitoring India's restrictions on ICT imports, raises concerns on digital trade barriers
The United States has expressed ongoing concerns about India's restrictions on the import of certain information and communications technology (ICT) products, including laptops, tablets, and servers. In its National Trade Estimate Report on Foreign Trade Barriers for 2024, the US Trade Representative highlighted issues such as politically motivated content takedown requests and complex customs procedures in India.
Monitoring ICT import restrictions, rising content takedown requests since 2021: USTR
In its National Trade Estimate Report on Foreign Trade Barriers 2024, the US Trade Representative (USTR) said: “Since 2021, US firms have been subject to an increasing number of takedown requests for content and user accounts related to issues that appear politically motivated”.
Bitcoin halving driving crypto volatility: 5 tokens to monitor before the BTC rewards cut
Bitcoin halving spurs crypto volatility, driving the top cryptocurrency to new highs. Traders prepare by monitoring tokens like Green Bitcoin, Dogecoin20, Smog Token, Sponge Token, and Theta Network, each offering unique features for potential gains.
2023 was hottest year on record; critical 1.5C limit nearly breached: EU climate monitors
Climate change intensified heatwaves, droughts and wildfires across the planet, and pushed the global thermometer 1.48 C above the preindustrial benchmark, the Copernicus Climate Change Service (C3S) reported.
Indian economy outperforming peers, projected to grow at 6.2 per cent in 2024: UN
The UN predicts India's growth at 6.2% in 2024, driven by strong demand and sectors like manufacturing and services. Despite potential challenges like erratic rainfall affecting agriculture, India's economy remains robust with consistent growth. Factors like stable inflation and government support contribute to this optimism. However, risks like climate change's impact on agriculture and potential inflation surge exist. Globally, economic growth may slow to 2.4% in 2024 due to various challenges, requiring substantial investments for sustainable development and climate action.
WMO report shows 2023 shattered climate records, experts highlight concerns for India
The World Meteorological Organization (WMO) reports that 2023 has set climate records, with extreme weather causing devastation worldwide. The data until the end of October indicates that the year was about 1.40 degrees Celsius above the pre-industrial baseline. India, particularly northern regions, has experienced a rapid surge in temperatures.
2023 likely to be hottest year on record
The year 2023 is projected to be the hottest in human history, with global temperatures during the summer reaching a record high, according to the EU climate monitor. Last month was the hottest August on record and warmer than all other months except July 2023. The average global temperature from June to August surpassed the previous record by a significant margin.
Load More
