The ICC formed a committee to review the T20 World Cup delivery, with former player Roger Twose and directors Lawson Naidoo and Imran Khwaja included. The tournament incurred over USD 20 million in losses, primarily due to budget overspending and logistical issues. The US cricket governing body, USAC, was given a year to comply with ICC's criteria, while decisions regarding regional qualifying spots and the women's T20 World Cup expansion were confirmed by the Chief Executives' Committee.
While referring to financial products misselling, the survey said that misselling and misrepresentation need acknowledgment, with firms compensating for consequential losses. This practice is important for stockbroking, fund management, banking, and insurance firms, the survey said.
The Asian Development Bank (ADB) report, mentioned in the survey, suggests that integrating older people into the workforce through age-friendly jobs and lifelong learning could increase the gross domestic product (GDP) by an average of 1.5 per cent for Asian economies.
Gautam Gambhir, who was recently appointed as the head coach of Indian Men's Cricket Team, had his first press conference.
Many users across India experienced trouble while uploading videos on YouTube app. According to the DownDetector app, YouTube faced issues since 1.30 p.m. on Monday. People took social media platform X to report the matter, the Google-owned company has yet to make an official statement on the issue.
The Ministry of Statistics and Programme Implementation (MoSPI) is updating the base year of the Consumer Price Index (CPI) from 2012 to 2024 to improve economic data accuracy. This will help measure changes in economic variables and compare indicators over time.
The Nifty Realty index closed 0.48 per cent down at 1090.9.
The Economic Survey highlighted that the boost in domestic manufacturing through PLI schemes and increased exports from free trade agreements are expected to help bridge India's trade deficit, despite potential impacts from fluctuating commodity prices. The survey emphasised the importance of maintaining competitiveness and expanding export markets, especially in sectors like agriculture. Experts, including Rumki Majumdar from Deloitte India, noted the resilience of India's exports amid global uncertainties... Читать дальше...
The Atal Innovation Mission, under the Aayog, signed a joint letter of intent with WIPO on Monday to develop models such as Atal Tinkering Labs and Atal Innovation Centres for countries in global south to help them build their innovation ecosystems.
Following roof collapse incidents at three airports, the government has instructed airport operators to conduct third party audits for structural stability. An expert committee from IIT Delhi will assess the incident at Delhi airport. Investigations are ongoing for incidents at Jabalpur and Rajkot airports. Expenditure on Repair and Maintenance activities has increased at Airports Authority of India.
Delhi High Court asked Subramanian Swamy, Sonia and Rahul Gandhi to submit notes on National Herald case within four weeks. Details include Oscar Fernandes, Suman Dubey, Sam Pitroda, AICC, Young India (YI), Rs 90.25 crore, Rs 50 lakh payment, Swamy's plea on criminal procedure (CrPC) for cheating and misappropriation. Interim order continues, arguments on October 29.
The Nifty Pharma index closed 1.06 per cent up at 20641.55.
A total of 16,000 Remote Pilot Certificates (RPCs) have been issued by Directorate General of Civil Aviation (DGCA)-approved Remote Pilot Training Organisations (RPTOs) for operating drones in India. About 48 drone companies have produced DGCA type-certified Unmanned Aircraft System (UAS) models and 70 models receiving type certification from the regulator, as stated by Minister of State for Civil Aviation Murlidhar Mohol in a written reply to the Rajya Sabha.
The Economic Survey 2023-24, presented in Parliament, proposes several bottom-up reforms to ensure sustained growth through 2047. Among these, it highlights the potential of medium, small, and micro enterprises (MSMEs) as a key pillar for India's manufacturing sector. The Survey likens MSMEs to Germany's 'Mittelstand,' which is vital to Germany's economy, driving significant output, employment, and tax revenue.
Pet Warehouse, founded November 2021 in Bengaluru, secured funds from Upstox's Ravi Kumar and Kavitha Subramanian. Expanding to 25+ stores and 10+ superstores in South India, mentored by Anil Reddy. Their user-friendly site and Chippi product line highlight a commitment to quality, positively impacting pet parents with affordable, innovative products.
The 2023-24 Economic Survey calls for adaptive strategies for sustainable housing and emphasizes recycling construction and demolition waste (CDW). With the construction sector expected to reach $1.4 trillion by 2025, generating substantial CDW, the survey highlights the need for environmentally responsive waste management, policy interventions, and incentives for private recyclers to minimize environmental impacts and improve material efficiency.
The Economic Survey for 2023-24, presented in Parliament on Monday, highlighted five critical policy areas for the government to target in order to achieve sustained economic growth.
According to the Economic Survey 2023-2024, the job market in India is being rapidly transformed by AI, IoT, and advanced technology, presenting both opportunities and challenges. While AI could boost productivity, it can also disrupt jobs.
Wipro, Kotak Bank, RIL, ITC and SBI Life were among the top losers on NSE in today's trade.
Air India, owned by Tata group, will introduce A350-900 aircraft on Delhi-New York JFK route from November 1 and Delhi-Newark routes from January 2, 2025. The aircraft will featuring Premium Economy class with 24 wide seats, Business class with 28 private suites, and 264 Economy seats. All seats will be equipped with Panasonic eX3 in-flight entertainment system, new chinaware, tableware, glassware, bedding, and amenity kits designed by Ferragamo and TUMI.
Google-backed edtech startup Adda247, founder and chief executive Anil Nagar said that this employee stock ownership plan (Esop) buyback represents a pivotal moment for the company. The edtech firm recorded revenue of Rs 243.39 crore in FY24 and has about one million paid users, aiming to increase this number to 1.7 million by the end of this year.
