Business Standard BFSI Insight Summit brings together thought leaders from India’s financial landscape, including regulators, leading banks, NBFCs, mutual funds, and insurance companies.

Business Standard BFSI Insight Summit brings together thought leaders from India's financial landscape, including regulators, leading banks, NBFCs, mutual funds, and insurance companies.

Navigating the future of finance services in India :Tech roadmap

Real estate firm Worldwide Realty will invest around Rs 320 crore to develop a 22-acre housing project in Manesar, Haryana.
The Gurugram-based company is developing the Golden Residences project under the Deen Dayal Upadhyay Jan Awas Yojna (DDJAY) scheme of the Haryana government.
"In this 22-acre project, we have already sold some housing plots. Now, we are launching 400 independent floors for sale," said Vikas Aggarwal, Chief Operating Officer of Worldwide Realty Pvt Ltd.
The company will be launching more independent floors in the next phase.
Asked about the total investment of the entire 22-acre project, Aggarwal said the construction cost will be around Rs 320 crore.
The company owns the land parcel historically.
"We have launched independent floors at a starting price of Rs 1.7 crore each," Aggarwal said.
The company has already developed the infrastructure under this project, which is part of a large 180-acre integrated township The Golden City.
Out of this 180-acre land

The Gurugram-based company is developing the Golden Residences project under the Deen Dayal Upadhyay Jan Awas Yojna (DDJAY) scheme of the Haryana government

IndiGo is sending two planes to Istanbul to bring back passengers stranded in the Turkish capital after their flight to Delhi was cancelled on Friday due to a technical issue.
On Thursday, hundreds of IndiGo passengers were stuck at Istanbul airport after their flights to Delhi and Mumbai were delayed. They were stranded for over 24 hours, and many took to social media to complain about the delays and lack of facilities.
There was a cascading effect on the airline's scheduled flights on the two routes.
IndiGo, on Friday evening, said all necessary steps were taken to ensure customers were apprised and provided with refreshments and accommodation, where possible.
On Saturday, IndiGo said its flight 6E 12, operating from Istanbul to Delhi, was cancelled due to a technical issue.
The cancellation happened on Friday.
The airline operates two daily flights to Istanbul with leased Boeing 777 aircraft -- one from Delhi and another from Mumbai.
"Alternative aircraft have been arranged t

On Thursday, hundreds of IndiGo passengers were stuck at Istanbul airport after their flights to Delhi and Mumbai were delayed

The 26-year-old Indian American had accused OpenAI of using copyrighted content to train its AI models. Details

Apple is one of Broadcom's biggest customers, accounting for roughly 20 per cent of revenue

At least 11 districts, including Patna, Alappuzha and Kendrapara, are at a "very high" risk for both floods and droughts, necessitating immediate intervention, according to a climate risk assessment report compiled by two IITs.
The report was released by the Indian Institutes of Technology (IIT) Guwahati and Mandi, in collaboration with the Centre for Study of Science, Technology and Policy (CSTEP), Bengaluru.
According to the report titled "District-Level Climate Risk Assessment for India: Mapping Flood and Drought Risks Using IPCC Framework", 51 districts in India face "very high" flood risk, with 118 more categorised as "high" risk.
Vulnerable regions include Assam, Bihar, Uttar Pradesh, West Bengal, Gujarat, Odisha, and Jammu and Kashmir.
The report has flagged that 91 districts were identified with "very high" drought risk and 188 districts faced "high" drought risk, primarily in Bihar, Assam, Jharkhand, Odisha and Maharashtra.
Alarmingly, 11 districts, including Patna (Bihar

The report was released by the Indian Institutes of Technology (IIT) Guwahati and Mandi, in collaboration with the Centre for Study of Science, Technology and Policy (CSTEP), Bengaluru

Engineer Atul Subhash's estranged wife and her family members, who he had accused of harassment in his suicide note, have filed anticipatory bail pleas in Allahabad High Court.
The anticipatory bail applications have been filed by Subhash's wife Nikita Singhania, her mother Nisha Singhania, brother Anurag Singhania, and uncle Sushil Singhania.
The pleas for anticipatory bail came after the Bengaluru City Police on Friday issued a summons to Nikita Singhania and asked her to appear before it within three days.
Subhash, a 34-year-old engineer, died by suicide in Bengaluru on Monday, allegedly due to harassment by his estranged wife and her family members. A case of abetment to suicide has been filed against Nikita Singhania and her relatives.

The anticipatory bail applications have been filed by Subhash's wife Nikita Singhania, her mother Nisha Singhania, brother Anurag Singhania, and uncle Sushil Singhania

Stakeholders from the micro, small and medium enterprises (MSME) sought a reduction in GST, technology upgrade, and production-linked incentive scheme benefits for various segments in a pre-Budget meeting with Finance Minister Nirmala Sitharaman on Saturday.
The meeting aimed to seek inputs and suggestions for the Budget for 2025-26, expected to be presented on February 1.
Members from the Association of Women Entrepreneurs of Karnataka (AWAKE); Karnataka SC and ST Entrepreneurs' Association; Plant-Based Food Industry Association (PBFIA); Ambala Scientific Instruments Manufacturers' Association (ASIMA); Rajasthan Footwear Manufacturers' Association were among the participants at the meeting.
The All-India Plastics Manufacturers' Association; All India Manufacturers' Association; Gujarat Chamber of Small Industries Association; Federation of Associations of Cottage and Small Industries (based in West Bengal); Federation of Andhra Pradesh Small and Medium Association; and Laghu Udyog 

The meeting aimed to seek inputs and suggestions for the Budget for 2025-26, expected to be presented on February 1

Call for reining in food inflation and raising investment in pre-Budget  talks

Russia-Ukraine War

The year 2022 is coming to an end and a lot has happened that shaped the world in the year. Let's have a look at some of these significant events

In February 2022, Russia attacked Ukraine&amp;#39;s capital, Kyiv, from the north in an attempt to overthrow President Volodymyr Zelensky&amp;#39;s government. In the months following, artillery bombardment and street fighting continued, with Russia seizing multiple cities.

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After a slew of scandals in his term spanning three years, UK Prime Minister Boris Johnson resigned from office in July. Johnson was succeeded by Liz Truss, who took over the office in September.
						
						But after 45 days in the office, she resigned, becoming the shortest-serving PM in UK history. Her budgetary plans, at the centre of which were tax cut plans, had crashed the markets, making her lose the confidence of almost all her own MPs.
						
						In the days that followed, Rishi Sunak took over as Britain&amp;#39;s 57th prime minister and vowed to fix the mistakes made by his predecessor, Liz Truss.

Russia Invades Ukraine

In April, protests began in the nation following a sharp rise in food and fuel costs. Thousands demanded the resignation of now-ousted President Gotabaya Rajapaksa. The people faced long power cuts daily and shortages of basics, including fuel and food. Sri Lanka&amp;#39;s doctors said they were nearly out of life-saving medicines.
						
						Rajapaksa&amp;#39;s government was being blamed for the chronic mismanagement of the country&amp;#39;s finances. In July, protestors stormed Rajapaksa&amp;#39;s home, pushing him to flee the nation before resigning from office.

UK&amp;#39;s political crisis

In September, 22-year-old Iranian girl Mahsa Amini died after being detained for allegedly violating Iran&amp;#39;s laws requiring women to wear a headscarf. Authorities said she died of illness, but her family claimed she fell into a coma after being mistreated by the police. Sources said the police beat Amini with a baton and banged her head against a vehicle. At her funeral on September 17 in Saqez, women protested by ripping off their hijabs. Protests sparked by her demise have since roped in ethnic minorities and even school children. Thousands of women since then have been showing solidarity by cutting their hair and burning their hijabs in public.
						
						Now, the unrest has spread beyond a women&amp;#39;s right to a movement that is calling for an end to theocratic rule. The protests are now the most broadly supported movement in Iran in over four decades.

Sri Lanka economic crisis

In October, Chinese President Xi Jinping was handed a historic third term in office. He became the first leader of the ruling Communist Party after party founder Mao Zedong to get a third term in power.
						
						This came as China&amp;#39;s economy was running out of steam after decades of high growth. Many expect Xi&amp;#39;s third term may see China revert to more old-school economic management, focusing on shoring up the heavy industry and continuing a crackdown on big tech.

Uprising mounts again in Iran

In a historic first, rich countries agreed to pay for losses and damages caused by climate change. For 30 years, developing nations have been calling for developed countries to compensate for the costs of climate disasters caused by climate change. And rich nations that caused the pollution resisted the demand. But this changed in 2022.

Chinese President Xi Jinping starts record third term in power

In 2022, inflation was rising worldwide, with food and energy prices hitting record highs. The hike was mainly driven by pent-up consumer demand after the pandemic and Russia&amp;#39;s invasion of Ukraine. As the pandemic waned, people wanted to return to normalcy and spend more. This led to companies demanding higher prices. Companies also hired more to serve the pent-up demand. They had to increase wages to attract workers and raise prices to compensate for that.

A landmark deal UN Climate Change Conference (COP27)

In September, Queen Elizabeth II, Britain&amp;#39;s longest-serving monarch, died at 96 after reigning for 70 years. Many said her death would mark a turning point for commonwealth nations as many may disassociate themselves.

The global economy at crossroads

In October, Brazil&amp;#39;s former president, Luiz In&amp;aacute;cio Lula da Silva beat Jair Bolsonaro in the country&amp;#39;s closest presidential race in history. Silva&amp;#39;s win marked Latin America&amp;#39;s shift to the left and pointed to an extraordinary comeback for a man in jail for corruption three years ago.

Queen Elizabeth II dies

In October, billionaire Elon Musk closed his $44 billion deal to buy Twitter after months of dilly-dallying, drama and a lawsuit. The Tesla owner&amp;#39;s Twitter takeover is also one of the biggest tech acquisitions of all time. May fear that Musk&amp;#39;s takeover may turn the social media giant into a hotbed of hate speech.
					
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Brazil elections

Google Messages

In January, Google rolled out end-to-end encryption in group chats for messages app users enrolled in the beta programme

Blend launches Blend Studio: AI tool for ecommerce photography

New Delhi [India], March 16 (ANI/PNN): Blend, an AI-powered design and photography application for DTC brands and ecommerce sellers, recently launched Blend Studio - the Chat GPT for product photos.

Celebrity and Travel Photographer Rahul Lokare from Flamingo Productions creates waves of change in the world of photography.

Xiaomi 13 Pro

Priced at Rs 79,999 for the 12GB RAM and 256GB on-board storage, the Xiaomi 13 Pro offers a novel imaging experience on top of a premium package

Navigating the future of finance services in India :Tech roadmap

Business Standard BFSI Insight Summit brings together thought leaders from India’s financial landscape, including regulators, leading banks, NBFCs, mutual funds, and insurance companies.

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