The transition team of US President- elect Donald Trump is preparing pretty well for the upcoming inauguration and are also trying their best to appoint the adequate number of political staffers for the upcoming administration. Recent reports have revealed that only a very few and selected amount of staffs will be having a direct access to US President- elect Donald Trump this time.
Garmin Outage has left countless users worldwide struggling to access their favorite fitness tracking services. Since early January 8, 2025, Garmin Connect, along with several other Garmin platforms, has been offline, causing major disruptions for athletes, fitness enthusiasts, and everyday users.
Fractional ownership platform hBits has raised Rs 40 crore in Series A funding from Capricon Realty. The funds will support its AI-driven platform and expand its reach. hBits aims to triple its assets under management to Rs 1,500 crore by the next financial year. The platform has applied for a Small and Medium REITs license with SEBI.
CII expects the RBI to cut interest rates next month to support growth. CII President Sanjiv Puri highlights the need for job creation and specific interventions in labour-intensive sectors. He also calls for dealing with China's excess stock dumping and emphasizes the importance of de-linking food inflation from interest rates. Labour reforms are also anticipated.
Telangana aims to generate 1,000 MW of solar power by involving women Self-Help Groups. Deputy Chief Minister Vikramarka discussed the plan with officials. Tenders will be finalised soon. Districts are to identify land. Banks should provide financial help. The initiative will boost women's empowerment and promote clean energy. Farmers will also benefit from solar power generation under the PM-KUSUM scheme.
Infinite Reality, an AI-focused company, announced a $12.25 billion valuation after securing $3 billion in funding. Founded in 2019, it offers AI and immersive technology services to boost audience engagement and monetisation. Major investors include Live Nation, T-Mobile Ventures, and celebrities like Steve Aoki. AI sector investment has surged since the launch of ChatGPT in 2022.
Warren Buffett has become a market guru for new and moderate US investors in the past two years, and his assessment of market conditions in recent times has been nothing short of phenomenal. Here are some more tips by the billionaire investor to make you even richer this year
A former CIO and his sister settled a Sebi front-running case by paying ₹91 lakh and accepting a six-month market ban. Sebi's probe uncovered ₹27.77 lakh unlawful gains from front-running trades worth ₹42.36 crore.
Congress has promised free health insurance up to Rs 25 lakh under Jeevan Raksha Yojana if elected in Delhi. Ashok Gehlot said the scheme provides comprehensive health coverage. The slogan Hogi Har Zarurat Puri, Congress Hai Zaroori was highlighted. Delhi Congress chief supported the scheme's necessity, emphasizing a commitment to address healthcare needs.
The ICC Champions Trophy 2025 is 40 days away, but stadiums in Pakistan are far from ready. Construction is still ongoing at venues in Karachi, Lahore, and Rawalpindi. The ICC is concerned about the venues meeting requirements on time. A team will visit Pakistan to assess the situation, and there are talks of possibly moving the tournament to the UAE.
Wall Street's main indexes opened subdued on Wednesday, as investors digested softer-than-expected jobs data and took stock of a report that said President-elect Donald Trump was mulling a national economic emergency declaration.
Paris Jackson, Michael Jackson's daughter, celebrates five years free of heroin and alcohol addiction.
US jobless benefit applications dropped to 201,000 for the week ending January 4, the lowest since February last year. The four-week average also fell, showing a strong labor market. Though job additions slowed in 2024, they remain solid. Despite inflation and higher interest rates, employers continue to look for workers. The unemployment rate is at 4.2%.
Senior commerce ministry officials and Indian Mission representatives from 20 countries concluded a three-day meeting to boost exports. They focused on country-specific opportunities, trade challenges, and strategies for six key sectors in leading markets, including the US and EU. Services exports reached an all-time high of USD 34.31 billion.
Microfinance institutions are asking for dedicated funding and government support to tackle challenges. They highlight the need to address unregulated entities and push for Aadhar to be a necessary KYC document. The sector is showing stress with increasing delinquencies, and the RBI's report notes growing borrower indebtedness and rising average ticket size of loans.
Donald Trump will take charge of the US Presidency on January 20 but a few reports have come ahead of the inauguration event.
Microsoft CEO Satya Nadella commended the Agricultural Development Trust (ADT) of Baramati for utilizing AI to assist farmers in achieving healthier and more sustainable harvests. ADT, founded by Sharad Pawar and Appasaheb Pawar, focuses on agricultural and educational development, including early efforts in improving water access in drought-prone areas.
The National Restaurant Association of India has urged the government to grant industry status to the food services sector. It seeks a fair e-commerce policy and other reforms to protect restaurants, delivery partners, and consumers from exploitative practices. NRAI also calls for longer operational hours, targeted subsidies, and easier access to finance for SMEs.
Indian frontline indices ended Wednesday with minor losses, as banks, auto, and FMCG stocks dragged markets down, despite IT and energy stocks offering support. Nifty found support at 23,500, signaling potential upward momentum.
TCS is expected to report a 0.4% sequential revenue drop for Q3 FY24 due to furloughs and currency headwinds. Net profit may grow 5.8% to ₹12,599.8 crore, supported by operational efficiencies and a weaker rupee.
Recent reports have revealed that US President- elect Donald Trump and his transition team are pretty much struggling to find the right political staffers to eventually achieve their aim of filling up adequate number of posts before the upcoming inauguration and there is a reason behind that.
President-elect Trump has requested the Supreme Court to stop his sentencing in the New York hush money case. His attorneys argue that the sentencing could harm the Presidency and federal government operations. The Manhattan district attorney's office will respond in court papers. The sentencing, scheduled for Friday, is unlikely to include jail time, fines, or probation.
