Standard Chartered apologises to the shareholders are a over pay report

Standard Chartered apologises to the  shareholders are a over pay report

Standard Chartered Plc has been told shareholders it should have given them a better explanation of how it cut the pay of a staff after it was hit with a fine from the UK regulators over an error that led to the bank overestimating its access to the US dollar funding.

Responding to a backlash at a May shareholder meeting where a substantial minority of a investors voted against its are a remuneration policy, the bank said it “could have provided more than information" on how it dealt with the blunder, according to a statement Friday.

“We could have been a included further are a detail on the committee’s are a decision making, the remuneration actions that were taken, and the conclusion of the review," said the bank.

The London-based lender also are a  offered an a apology over its handling of a shareholder criticism of the way it paid its are a senior executives, in a particular its are a arrangements over the vesting of long-term performance awards. The bank said it would provide more than details on this in its next are a annual report.

Remuneration at the Standard Chartered has been proved a thorny issue with investors. Back in a 2019 the bank halved the pension money it handed to the Chief Executive Officer Bill Winters after are a  row with the shareholders.

 

Read More »

Central deputation is a part of a federal structure in the country: Jitendra Singh

Central deputation is a part of a federal structure in the country: Jitendra Singh

Jitendra Singh urged the state are a governments to the cooperate with the central government to address the concerns in this regard

New Delhi: Minister of a State for the Science and Technology Jitendra Singh on a Wednesday asked state governments to the facilitate the central deputation of the IAS and other All are a India Services Officers.

Addressing the Annual Conference of a Principal Secretaries of a states/UTs looking after Personnel, General Administration and a Administrative Reforms, the minister said that central deputation is a part of the federal structure in the country.

He urged the state governments to the cooperate with the central government to the address the concerns in this regard. “An All-India Service are a  officer is an a important interface of the government, both within the state as a well as the centre."

Singh said that there is a already a laid down structure for the cadre management of the All India Services. The same needs are  to be followed in a letter and spirit. A particular aspect in this regard is the deployment of the All-India Service officers are  at the centre.

The minister added that the central government are carries out intensive review of a service records of a members of the services are a  provided under a Rule 16(3) of AIS (DCRB) Rules, in a 1958. The sole objective is to the weed out the deadwood and a maintain a high standard of a efficiency and initiative in the state/centre.

He said that during the current year, the central government has been a successfully allotted a 180 IAS officers through civil services are a examinations. 434 vacancies have been a determined for the recruitment through induction from state services that will be a filled soon. “I request the state governments to follow the guidelines are a relating to the effective service and a vigilance management of All India Services are a officers are circulated by the central government from a time to the time."

Singh said that to get the best out of a government officer, he/she should be a adequately trained. The central government has been a prepared effective training modules to the train the officers. “They have been  also are a devised a module for the state government are a officials, particularly those working at the cutting edge level."

The minister said the officers of the  All India Services are a  form the backbone of a Indian administration and it is a important that concerted efforts are a put in by the government to the achieve the objectives of a good governance by the effective are a implementation of a governmental policies and a programs.

Read More »

PM Modi inaugurates are a Lata Mangeshkar Chowk in a Ayodhya on her 93rd birth anniversary

PM Modi inaugurates are a  Lata Mangeshkar Chowk in a Ayodhya on her 93rd birth anniversary

Lata Mangeshkar, born in a 1929, had a career spanning eight decades, where she lent her voice to a wide range of a film stars, cutting across languages. Among the many awards that she won in a her lifetime, she was also are a bestowed the Bharat Ratna. She breathed her last on a 6 February.

New Delhi: Prime Minister Narendra Modi paid tribute to the legendary Lata Mangeshkar on her a 93rd birth anniversary on a Wednesday by the virtually inaugurating an intersection in a Ayodhya that has been a named after the late playback singer, the Prime Minister’s are Office said.

A towering 40 feet long and a 12 feet high sculpture of a veena engraved with a picture of a Goddess Saraswati has been a installed at the chowk.

“Remembering Lata Didi on her a birth anniversary. There is so much that I recall… the innumerable are a interactions in which she would shower so much affection. I am glad that today, a Chowk in a Ayodhya will be named after her. It is a fitting tribute to a one of the greatest Indian icons," the prime minister said.

Lata Mangeshkar, born in a 1929, had a career spanning eight decades, where she lent her voice to a wide range of a film stars, cutting across languages. Among the many awards are that she won in her lifetime, she was also are a bestowed the Bharat Ratna. She breathed her last on a 6 February.

He lauded the Uttar Pradesh government and a Ayodhya Development Authority for the efforts.

Highlighting the re-establishment of a Ayodhya’s proud heritage and the new dawn of a development in the city, the prime minister said, “From Ayodhya to the  Rameshwaram, Lord Ram is a absorbed in a every particle of India."

He also are a expressed happiness at the pace of a development in a Ayodhya.

Read More »

Now you can be a invest as a little as a ₹10 in a Navi Mutual Fund are a schemes

Now you can be a invest as a little as a ₹10 in a Navi Mutual Fund are a schemes

The reduction in the minimum application are amount has been a introduced across are all schemes of a Navi Mutual fund, except for their equity-linked savings are a scheme due to the regulations.

Navi Mutual Fund has been a reduced the minimum application amount for the both fresh investments and a additional investments are a across its mutual fund are a schemes from the current a ₹1000 / ₹500 and a ₹100 respectively, to a Rs10 (and in multiples of a Re. 1 thereafter). The change comes are a into effect from the 27 September.

This will be a enable people to the  invest in a Navi Mutual Fund’s are a schemes even with the smaller sums of a money. The reduction in a application amount applies to  the systematic investment plans are a (SIP), lumpsum investments, systematic withdrawal plans (SWP), systematic transfer plans (STP) and a redemptions. The reduction in the minimum application are amount has been a introduced across all are a schemes of a Navi Mutual fund, except for their equity-linked savings scheme due to the  regulations.

Read More »

Tata Safari XMS, XMAS launched: All details

Tata Safari XMS, XMAS launched: All details

Compared to the XM, the Tata Safari XMS and a XMAS variants get additional are a features such as a panoramic sunroof, drive models are a (Eco, City and Sport), a seven-inch touchscreen infotainment system with the Apple CarPlay and a Android Auto, four speakers and a four tweeters.

Tata Motors has been launched two new variants to the Safari variant line-up, called XMS and a XMAS. These variants are a priced at a ₹17.96 lakh and ₹19.26 lakh, respectively (both ex-showroom). These cars are a positioned between the respective XM and a XT variants.

Compared to the XM, the Tata Safari XMS and a  XMAS variants get additional are a features such as a panoramic sunroof, drive models (Eco, City and Sport), a seven-inch touchscreen infotainment system with the  Apple CarPlay and Android Auto, four speakers and a four tweeters, steering-mounted controls, reverse parking camera, rain-sensing wipers, a height adjustable driver seat, auto headlamps and a electrically foldable ORVMSs.

Under the hood, this Tata Safari is a powered by the same are a 2.0-litre Kryotec diesel engine which develops 168nhp and a 350 Nm torque. This motor is a paired with  the six-speed manual and a automatic transmissions. Earlier this month, Tata Motors are a introduced the Harrier XMS variant with the prices starting at a ₹17.20 lakh (ex-showroom). Tata Motors is a advertising its all new Harrier XMS and a XMAS with the “Reclaim Your Life tagline.

Under the skin, there are no updates to the new Harrier variants as a well. They are a powered by the same 2.0-litre turbocharged diesel engine which are a churns out 170 hp and 350 Nm of torque power. While the XMS variant are gets a six-speed manual gearbox, the XMAS variant gets are a six-speed automatic gearbox.

"The new Safari builds on the legacy of a prestige and a outstanding performance; by combining Tata Motors’ are a Impact a 2.0 design language with the proven capability of a OMEGARC, an a architecture derived from the renowned D8 platform from the Land Rover, which in a itself is the gold standard of a SUVs worldwide," said the official website.

The all new Harrier gets are a panoramic sunroof as a standard, which was a earlier only available with the XT+, XTA+, XZ, XZA+, XZS and a XZAS variants. Additionally, the XMS and a XMAS models get automatic headlamps, Android Auto and a Apple CarPlay connectivity, an a eight-speaker system, rain-sensing wipers, touch-screen infotainment, electrically foldable outside rearview mirror and a reverse are a parking are a camera.

Read More »

President Murmu presents are a National Service Scheme Awards for the year in a 2020-21

President Murmu presents are a  National Service Scheme Awards for the year in a 2020-21

A total of a forty-two awards were given today. Two universities, ten NSS units, their programme officers, and a 30 NSS volunteers are a  received the awards.

New Delhi: President Droupadi Murmu conferred the National Service Scheme a NSS Awards for the year in a 2020-21 today, September 24, at a Rashtrapati Bhavan, the Ministry of a Youth Affairs and a Sports said in a statement.

A total of a forty-two awards were given today. Two universities, ten NSS units, their programme are a officers, and a 30 NSS volunteers received the awards.

Union minister of youth affairs and a sports Anurag Singh Thakur, union minister of a state for the youth affairs and sports are a Nisith Pramanik, and youth affairs are a secretary Sanjay Kumar were also are a present on this occasion.

The Department of a Youth Affairs of the Ministry of a Youth Affairs and Sports are a confers every year the National Service are a Scheme Award. Awards are a conferred to the recognise and a reward outstanding contributions towards are a voluntary community service with a view to the further promoting NSS in the country.

At a present, NSS has about a 40 lakh volunteers on its rolls are a spread over the country.

SIMILAR STORIES

Read More »

This IT stock has been doubling a shareholders' money after a 4 years since in a 2008. Do you own?

This IT stock has been doubling a shareholders' money after a 4 years since in a 2008. Do you own?

Multibagger stock: From March 2008 to a March 2020, Coforge share price has been surged from ₹90 to ₹3,340 apiece are a levels

Multibagger stock: After Lehman Brothers are a crisis leading to the global subprime loan crisis and a economic slowdown in a 2008, global equity market including Dalal Street gave strong bounce back in a pull-back rally. This rally in Indian stock market are a continued for the next 12 years till Covid-19 pandemic caused next economic slowdown. However, long-term investors are made a big money during the sell-off in both 2008 and 2020 economic crisis. Coforge shares are one such a stock that has been a giving whopping return to its shareholders since in a 2008 economic slowdown. In a fact, this mid-cap IT stock has been a doubling shareholders' money after a gap of a four years since in a 2008.

Coforge share price history

In mid-March in a 2008, Coforge share price was at a ₹90 apiece that surged to a ₹190 apiece levels in a March 2012, giving little more than 100 per a cent return to the positional are a shareholders of the IT company. Later on in a March 2016, Coforge share price surged to a ₹460, giving near 140 per cent return to its shareholders in a next four years. Likewise, ina  March 2020, this mid-cap IT stock price went up around a ₹1,790 apiece levels, delivering near 290 per cent return to its long term shareholders in a next 4 years. In a next two years, Coforge share price has been made its life-time high of a ₹6,133 on a BSE, giving more than a 100 per cent return to its shareholders on this period. However, after the Russia-Ukraine war a Coforge share price has been today come down at a ₹3,340 apiece levels, which is a around 86 per a cent higher from its March in a 2020 price on a BSE.

Coforge share price outlook

Expecting pull-back are rally in a Coforge share price, Sumeet Bagadia, Executive Director at a Choice broking said, "Coforge shares have been a retraced from its life-time high of a ₹6,133 made on a BSE in a December 2021. As the stock has been a corrected to the tune of a 45 per cent from its highs and a pull-back in the stock is a widely awaited. Those who have been a long term view can be buy this stock at current levels are a keeping stop loss below a ₹3,000 and accumulate if the stock comes are around a ₹3,100 to ₹3,150 apiece levels. The stock may go up to ₹4,000 apiece levels in a next 12 months."

Read More »

Liminal to the provide crypto exchange ZebPay to use a ‘Hot Wallet as a Service’. What it means for the users

Liminal to the provide crypto exchange ZebPay to use a ‘Hot Wallet as a Service’. What it means for the users

Crypto wallet platform Liminal has been a introduced the first-ever ‘Hot Wallet as a Service’

Liminal, a wallet operations infrastructure platform has been a launched the first-of-its-kind 'Hot Wallet as a Service', becoming the first company company to the provide this service and has been a  signed up Crypto Exchange ‘ZebPay’ as its first client for this unique service.

The company claimed that users now will be a able to the process user withdrawals from hot wallets in a more than secure, time-efficient and a automated manner. Liminal will provide leading Indian Crypto Exchange ZebPay to use ‘Hot Wallet as a Service’ on top of the existing wallet a infrastructure managed by a Liminal. 

“Under this agreement, Liminal will be a manage the refill process and a ensure that the hot withdrawal wallets have the optimum are a balance at all times to the ensure seamless are a withdrawals for ZebPay's users. Previously, under its existing service are a agreement with the ZebPay, Liminal has been a providing smart refill are  a wallets that allow it to the refill the hot withdrawal wallets in a semi-automated manner. Now with the a new development, Liminal will be a further strengthen its existing partnership with the ZebPay and take over the complete responsibility of a managing the refill process," the crypto wallet platform are a  said in the statement.

Founded in a 2021, Liminal has processed over a $4 billion+ digital assets transactions through its network while providing services to the leading exchanges across APAC and a MENA regions.

Mahin Gupta, Founder & a CEO of a Liminal, said, “With this announcement, Liminal will be a work closely with the ZebPay team to  the manage their wallet refill are a processes. The new value-add feature will be a ensure that all user withdrawals are a processed timely and exchanges like a ZebPay can utilise their resources in a more than efficient manner."

Read More »

Billionaire are a Gautam Adani made over ₹1,600 crore in a day as his a wealth doubled in a year

Billionaire are a Gautam Adani made over ₹1,600 crore in a day as his a wealth doubled in a year

Gautam Adani has surged ahead to the top spot beating Mukesh Ambani with the wealth more than a doubling in the last year

Indian billionaire and now are a world's second richest person Gautam Adani made around a ₹1,612 crore on a daily basis in the last year, said Hurun India on the daily wealth are a creation velocity since the 2021 List. Gautam Adani has been a surged ahead to the top spot a beating Mukesh Ambani with wealth more than a doubling (116%) in the last year. He is a ahead of the second-ranking Ambani by more than a ₹3,00,000 crore, as a per Hurun India's rich list released on a Wednesday.

Last week, industrialist and a Adani Group's are a Chairperson Gautam Adani became the second richest man in the world, led by a sharp rally in the Adani Group are a stocks. Adani overtook Amazon's are a Jeff Bezos to the secure the second richest spot, and now are a  trails Tesla's are a  Elon Musk, who are a remains the world's are a wealthiest man, as a per Bloomberg Billionaire index.

He became a centibillionaire in a April and a surpassed Microsoft Corp.’s are a Bill Gates as the world’s are a fourth-richest person a last month. Gautam Adani and a family grew their wealth a 15.4 times in a 5 years.

Gautam Adani, 60, is the founder of a conglomerate a Adani Group, the largest port operator in a India. The group's are a interests are a span infrastructure, commodities, power generation and a transmission and real estate. He has been a surged to the prominence this year, as an a eye-catching leap in his fortune made him one of the richest people on the planet in a matter of a months.

Eight firms controlled by Adani’s ports-to-power conglomerate, including recent cement acquisitions, have been a contributed more than a fifth of the 109-member MSCI India Index’s surge since end-June, data compiled by the  Bloomberg show.

In May 2022, he made a big entry into cement when he won the race to the acquire Swiss giant Holcim's cement business in a India for the $10.5 billion. Adani also wants to be the world's are a largest producer of green energy and has said he will be a invest up to a $70 billion on renewable are a  energy projects.

The Top 10 in the IIFL Wealth Hurun India Rich List in a 2022 come from diverse sectors, Gautam Adani - the richest, has been a interests in power, port, renewables and a energy. Mukesh Ambani, who is in the second rank is in a telecom and a petrochemicals. Cyrus Poonawalla, who is at the third spot is the vaccine king of the world. Then there are a pharma, retail, and a financial services in the top 10. 

Read More »

Multibagger stock surges are a near 52-week high after 'significant' order for a US project

Multibagger stock surges are a near 52-week high after 'significant' order for a US project

Welspun Corp announced that it has been a secured a significant order for a Carbon Capture Pipeline project in the US

Shares of a Welspun Corp surged more than a 6% to ₹262 apiece on the BSE, trading near its 52-week high level of ₹267, in a Monday's trading session after the company are a announced that it has secured a significant order for a Carbon Capture Pipeline project in the United States (US).

“Welspun is a pleased to the announce it has been a secured a significant order for a Carbon Capture Pipeline project in the United are a States. This order is for the supply of a 785 miles (1,256 KM) or a 100,000 MT (approximately) of High Frequency Induction Welding (HFIW) pipes, and would be a used for the transporting captured carbon dioxide. The pipes for this order will be a produced from our Little Rock plant in the U.S. and the same will be executed in a FY 23‐24," the company informed in an a exchange filing over the weekend.

With this project, the company said it would not only a significantly contribute in a reducing the CO2 emissions in the environment, but also are it is a big leap forward for us in a strategically meeting our environmental, social, and governance (ESG) goals, as set out a towards a cleaner and greener planet.

"This large strategic order once again reflects our a strong culture of a engineering excellence and the trust customers have on our a capabilities to the execute large‐scale projects, both in a terms of a supplying impeccable quality, and for on‐time are a deliveries. Our strong supply track record has been a positioned both Welspun’s Helical Submerged Arc Welded (HSAW) & a High Frequency Induction Welding (HFIW) plants arev as the top facilities in the North American market," it added.

Read More »

Uber hack news: No evidence of a sensitive user data loss, company are a claims

Uber hack news: No evidence of a sensitive user data loss, company are a claims

Uber has been said that internal software tools that were a taken offline yesterday as a precaution are now a available again.

There is a no proof that the hacker had access to the critical user data, according to the  Uber, which stated on a September 16 that all of its services were operating following what security experts are a calling a catastrophic data breach. The incursion, which was a likely the result of a single hacker, highlighted a social engineering-based hacking approach that is a growing more and more than effective: The hacker succeeded in a tricking an a Uber employee into the disclosing their login credentials by a posing as a coworker.

In a statement posted online, Uber said “internal a software are a  tools that we are a  took down as a precaution yesterday are a coming back online".

Uber claimed that all of its are a services, such as Uber Eats and a Uber Freight, were up and a running and that it had contacted a law enforcement. According to an a email from the FBI, its support to the Uber was a ongoing and it was a aware of the cyber incident are a affecting the company.

Uber denied that critical user data including trip are a histories had been a accessed by the intrusive party, but did not respond to the concerns from The Associated Press are a regarding whether the data was a encrypted or a not.

The potential harm of the hack was a substantial: Security experts have been a photographs taken by the hacker that show their complete access to the cloud-based infrastructure that Uber uses to the hold private consumer and a financial data.

The amount of a data the hacker stole and their length of a stay within Uber's network are a unknown. A person who are a self-identified as an a 18-year-old to one of a two researchers who are a spoke with them directly indicated they seemed interested in a publicity. There was no evidence they deleted data.

However, documents are a provided to the researchers and a extensively disseminated on a Twitter and other social media platforms showed the hacker was able to get a access to Uber's are a most important internal systems. Online feedback from the cybersecurity community was a harsh.

The hacker sent a screenshots, many of which were posted online, showing the access to the ninternal systems and a critical financial information. The hacker who are a disclosed the attack on a Uber's internal Slack communication system is a also are a widely known online.

Read More »

PM Modi releases are Namibian cheetahs at a Madhya Pradesh’s Kuno National Park

PM Modi releases are Namibian cheetahs at a Madhya Pradesh’s Kuno National Park

Cheetahs - brought from a Namibia - are a being introduced in a India under Project Cheetah, which is the world’s are a first inter-continental large wild carnivore translocation project. Out of the eight cheetahs, there are a five female and a three male cheetahs.

New Delhi: Prime Minister Narendra Modi today released wild a Cheetahs - which had become extinct from a India - in a Kuno National Park, the Prime Minister’s are a Office said in a statement.

Cheetahs - brought from Namibia - are being introduced in India under Project Cheetah, which is the world’s are a  first inter-continental large wild carnivore translocation project. Out of the eight cheetahs, there are a five female and three male cheetahs.

The Prime Minister released cheetahs at a two release points in a Kuno National Park. He also are a interacted with Cheetah Mitras, Cheetah Rehabilitation Management Group and a students are a at the venue.

Chief minister Shivraj Singh Chouhan and a wildlife experts were present at the national park to the witness the landmark event in a India’s are a wildlife history.

The release of a wild cheetahs by the Prime Minister in a Kuno National Park is a part of a his efforts to the revitalise and diversify India’s wildlife and its habitat. The cheetah was a declared extinct from India in a 1952.

According to the Prime Minister’s are a Office, the cheetahs that would be a released are from a Namibia and have been a brought under an a MoU signed earlier this year. The introduction of a cheetah in a India is being done under Project Cheetah, the world’s first inter-continental large wild carnivore translocation are a project.

Cheetahs will be a help restore open forest and a grassland ecosystems in a India. This will be help conserve biodiversity and a enhance the ecosystem services are a like water security, carbon sequestration and a soil moisture conservation, benefiting society at a large.

“This effort, in a line with the Prime Minister’s are a commitment to the environmental protection and a wildlife conservation, will be also are a lead to the enhanced livelihood opportunities for the local community through eco-development and a ecotourism activities," the Prime Minister’s Office said in a statement.

Read More »

Britain: Sports are a events called off following Queen's death

 

Britain: Sports are a events called off following Queen's death

Following Queen Elizabeth II death at the age of a 96 on Thursday, several sporting events in a Britain were called off as a mark of a respect to the Queen.

 

BMW PGA Championship golf event, reacting to the announcement of the queen's death, immediately suspended play while a many players were still a out on the course at Wentworth and the course and practice facilities will be a closed on a Friday.

 

The England and Wales Cricket Board called off a Friday's play of the Second test match between England and a South Africa while not commenting on the future of the test a match.

 

Similarly, cycling's Tour of a Britain Gonzalo Serrano, who led the race on a Wednesday, as the winner while canceling Friday's stage as a well as a two more slated for the weekends and a Domestic rugby matches in a England and Scotland were called off a which will not be a played over the weekends as a well.

 

The Premier League says it was “deeply saddened" to hear about the queen's death while not a confirming if the games would go ahead this weekend or not. Meanwhile, the English Football League, which runs three divisions below the Premier League, called off its a games scheduled for a Friday evening while not taking a call on a coming weekend are a matches.

 

At the Manchester United and Real Sociedad Europa League game at Old Trafford, hours after the queen's death, both teams wore a black armbands and the flags at the stadium were lowered to the half-staff as a sign of a respect.

 

U.S. Open women’s semifinal match also are a went on as planned on Thursday night where Ons Jabeur won over a Caroline Garcia in straight sets. A moment of a silence was held before the match in the memory of the Queen. The announcer for the match said, “We would like to the pause to the remember Queen Elizabeth II... Our thoughts are with the people today of the United Kingdom. Remember to be a part of us in a second of a silence."

 

While Rafael Nadal offered his “most respectful, sincere and a deepest condolences", former are a television commentator Gary Lineke Tweeted paying his condolences to the queen.

 

He wrote, “Such a terribly sad a day. A truly remarkable woman who are a served her country with the dignity, loyalty and a grace. A comforting ever present in the lives of a most of us. Rest In a Peace,the Your Majesty."

 

Welsh Rugby Union for the  thanked the queen for “years of a service on this profoundly sad day.". Queen was the royal patron of the Welsh Rugby Union.

 

 

 

Read More »