Delhi Election 2025: PM assures no welfare scheme to be stopped if BJP forms govt; Digital Personal Data Protection rules; Tech & more
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Easy Trip Planners shares surge up to 17% after Nishant Pitti confirms 'no further stake sale'
Shares of Easy Trip Planners Ltd., parent company of online travel aggregator EasyMyTrip, surged as much as 17% at the start of trade on Monday, January 6, after one of its co-promoters confirmed that there will be no further stake sale from any of its promoters in the future.
Nishant Pitti, one of the co-promoters, had tweeted on social media platform "X", that there will be no further stake sale from his end in Easy Trip Planners. He confirmed the same in an interaction with CNBC-TV18 on Monday.Pitti told CNBC-TV18 that the 1.4% stake he sold last week was due to personal requirements and that neither he, Prashant or Rikant Pittie will be selling any further stake in the company. He also said that the 14.2% stake that he owns in the company was never fully on sale to begin with.
Delhi Election 2025 Live Updates: PM assures no welfare scheme to be stopped if BJP forms govt in Delhi
Prime Minister Narendra Modi on Sunday (January 5) assured the people of Delhi that no welfare scheme would be discontinued if the Bharatiya Janata Party (BJP) forms the government and made a strong appeal to them to get rid of the Arvind Kejriwal-led Aam Aadmi Party (AAP), which he attacked again with "aapda" and "Sheesh Mahal" jibes.Addressing the BJP's first public rally in Rohini before the upcoming polls, Modi alleged that the AAP is rattled at the prospect of defeat after he "exposed its misdeeds" and has been spreading fear that various schemes will be discontinued if the BJP comes to power.
Union Bank of India shares fall 7% after weakest business update so far amongst all lenders
Shares of state-run Union Bank of India fell as much as 7% on Monday, January 6, after releasing its December quarter business update earlier.
Union Bank's deposits for the quarter increased by 3.8% on a year-on-year basis, but declined by 2% when compared to the September quarter.Advances growth during the quarter also stood at 5.9% from last year to ?9.49 lakh crore. On a sequential basis, that number grew by 2.2%.Union Bank's total business (global) fell 0.24% quarter-on-quarter but rose 4.7% year-on-year at ?21.65 lakh crore.Total deposits (global) were down 2.04% quarter-on-quarter and were up 3.76% at ?12.16 lakh crore.
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Youtuber Ankush Bahuguna shares 40-hour digital arrest scam ordeal, urges vigilance
In a shocking revelation, renowned YouTuber and social media influencer Ankush Bahuguna shared his ordeal of being victimised by a digital arrest scam. Taking to Instagram on Sunday, Bahuguna disclosed that he was held hostage by scammers for nearly 40 hours, leading to financial loss and severe mental distress.
“I have lost money, I have lost my mental health to this. I can’t believe this has happened to me,” Bahuguna said in an emotional video post. He emphasised the importance of awareness, hoping to shield others from a similar fate.
All you need to know about the draft Digital Personal Data Protection rules
The Ministry of Electronics and Information Technology (MeitY) released the draft rules for the Digital Personal Data Protection (DPDP) Act on Friday, January 3. The DPDP Act aims to provide safeguards against the processing of personal data. The draft rules are now open for public feedback through the MyGov portal until February 18, 2025.
Here’s a look at some of the frequently asked questions about the draft Digital Personal Data Protection Rules.
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All about EPFO's new Centralised Pension Payments System
Retirement fund body Employees' Provident Fund Organisation (EPFO) has completed the full-scale rollout of the Centralised Pension Payments System (CPPS) across all its regional offices in the country. It will benefit more than 68 lakh pensioners.
The Ministry of Labour and Employment on Friday said that about ?1,570 crore have been disbursed to over 68 lakh pensioners, pertaining to all the EPFO's 122 pension-disbursing regional offices for December 2024.As part of this project, the first pilot of CPPS was successfully completed in October last year in Karnal, Jammu and Srinagar regional offices through the disbursement of about ?11 core to more than 49,000 EPS pensioners.
Index Fund: Is it a suitable investment option for beginners?
Index funds, a type of mutual fund designed to track the performance of a specific market index, are becoming increasingly popular among Indian investors, particularly those seeking low-cost, passive investment options. These funds aim to replicate the performance of an index by holding stocks in the same proportion as the underlying index.In India, several options are available for those looking to invest in Sensex or Nifty 50 index funds, with popular choices including HDFC Index-Sensex Plan, ICICI Pru Sensex Index Fund, and LIC MF Index-Sensex Plan.
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Startups — what’s the cost of burning the midnight oil
A friend recently asked me, “Have you noticed how, in many well-funded and aggressively growing startups, the founders are often night owls? They expect their teams to work until the wee hours, but at what cost?”
successful enterprise? Does success always demand sleepless nights, weekend sacrifices, and a life tethered to an email inbox? If your instinctive answer is yes, then you are not alone. From ancient civilisations building pyramids or Indian heritage structures under the burning sun to the breakneck hustle of today’s startups, the debate about work hours has spanned human history. But Rome also was not built in a day.?India’s startup ecosystem is a crucible of ambition, its founders often hailed as the new heroes of economic transformation. And isn’t it strange how these hi-growth companies often seem to grapple with—or outright ignore—issues of toxic work culture? Why does this pattern feel so familiar, and yet so overlooked??
Piyush Goyal: Startup India doesn't need annual allocation, not many Indian startups have lost unicorn status
Commerce and Industry Minister Piyush Goyal has stated that an annual allocation is no longer necessary for startups, as the operating agency for the Startup India programme, SIDBI, has started receiving returns, with ?1,600 crore already replenishing its corpus.
Startup India previously had access to several funds, including the seed fund and fund of funds, for which budget provisions were made earlier. The programme is set to mark its 10th anniversary on January 16. India now boasts the world’s third-largest startup ecosystem, with over 1.5 lakh startups spread across 80% of the country's districts.
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