Finnacle Newswrap ??24th September 2024

"In fact, what determines your wealth is not how much you make but how much you keep of what you make.” ― David Bach.

NATIONAL NEWS

? ‘Good beginning’: India on Pact of the Future’s language on UNSC reforms

India said that a U.N. summit document for the first time containing a detailed paragraph on Security Council reform is a “good beginning” and New Delhi looks forward eventually to the beginning of text-based negotiations in a fixed time frame to reform the 15-nation body.

World leaders on Sunday (September 22, 2024) adopted by consensus the 'Pact of the Future', promising to “reform the Security Council, recognising the urgent need to make it more representative, inclusive, transparent, efficient, effective, democratic and accountable”.

? Supreme audit Institutions must ensure inclusive digital public infrastructure: President Droupadi Murmu

President Droupadi Murmu on Tuesday (September 24, 2024) said supreme audit institutions (SAI) had the unique responsibility and opportunity to ensure that digital public infrastructure was designed and implemented in a way that was inclusive and accessible to all.

Speaking at the opening ceremony of sixth Asian Organisation of Supreme Audit Institution (ASOSAI) Assembly, being organised by the Comptroller and Auditor General (CAG) of India, Ms. Murmu said the financial world was often beset by opaque accounting practices and in that setting, the role of independent supreme audit institutions was to see that public resources were managed efficiently and with the utmost integrity.

International News ??

? Sri Lanka President Dissanayake picks MP and former academic Harini Amarasuriya as PM

President Anura Kumara Dissanayake on Tuesday (September 24, 2024) appointed MP and former academic Harini Amarasuriya as Sri Lanka’s Prime Minister, as part of a four-member Cabinet under him that will lead policy until likely parliamentary elections before the end of the year.

After Sri Lankans elected Mr. Dissanayake to the country’s top office in the September 21 presidential polls, he resigned as a Member of Parliament, and a National People’s Power [NPP] member took his place.

? Israel-Hezbollah conflict: Lebanon says death toll in Israel’s strikes reaches 560

Lebanon’s Health Ministry raises two-day death toll from Israeli strikes to 560; Journalist working for a pan-Arab television is killed in an Israeli airstrike in southern Lebanon

Lebanese health authorities on Tuesday (Sept. 24, 2024) raised the death toll from two days of Israeli airstrikes targeting Hezbollah militants to 560.

Technology News ??

? Google rolls out AI video editing tools in Photos

Google is rolling out new video editing tools in its Photos app with the aim to make it easier for users to edit their videos to sharable clips.

Users will find the video editor on Android devices displayed prominently for quick access.

? Telegram CEO Pavel Durov confirms change in policy to allow criminal suspects’ IP addresses and phone numbers to be shared

Telegram CEO Pavel Durov posted on his channel that Search on Telegram was “abused by people” who sold illegal goods, and that the platform’s privacy policy and terms of service had been updated so that the IP addresses and phone numbers of offenders “can be disclosed to relevant authorities in response to valid legal requests.”

This marks a departure from Telegram’s tone in older platform policy notices, where the focus was largely on terror suspects and terrorists.

? Sports News ??

? Women’s T20 World Cup: Skipper Harmanpreet Kaur happy to ‘tick all boxes’ on preparation front

The feeling of near misses has haunted Harmanpreet Kaur for long but the Indian captain feels that her team has ticked all the boxes in its bid to cross the line in the Women’s T20 World Cup beginning in the UAE from October 3.

Since the tournament’s inception in 2009, India have managed to reach the final only once — in 2020 when they lost to nemesis Australia. India have also played Women’s ODI World Cup final in 2017.

? Heroes’ Homecoming: Gukesh, Praggnanandhaa, Vaishali, and Srinath’s touchdown amid fanfare

Flashing radiant smiles after their history-making gold at the Olympiad, members of India's trailblazing chess teams returned to an enthusiastic welcome from fans, officials and their families in Chennai on Tuesday (September 24, 2024).

Finance News ??

? Sebi investigates 6 investment banks over handling of SME IPOs: Report

SEBI is investigating six domestic investment banks for charging high fees on IPOs by small businesses. The fees, as high as 15%, are much higher than the standard 1-3%. SEBI is also looking to curb coordinated activities between banks and investors to ensure fair practices in the booming IPO market.

? Bajaj Housing Finance not to crack down in a major way in near to medium term: Amnish Aggarwal

While the growth rate may be good, the advantage that Bajaj Housing has today is that after the merger of HDFC with HDFC Bank, we do not have any large housing dedicated company, says Amnish Aggarwal. However, we believe that the stock will have a long consolidation from the current level unless and until you see very astronomical numbers coming from Bajaj Housing Finance.

Markets

Sensex - 84,914.04 (0.017%)

Nifty50 - 25,940.40 (0.0052%)

Nifty Bank - 53,968.60 (0.25%)

Written by - Neervi Kothari

Reference links -

https://www.thehindu.com/

https://timesofindia-indiatimes.com