So, there's been a huge mess at the Hyderabad SBI branch with a Rs 175 crore fraud. It turns out the branch manager and some of his pals were involved. They opened accounts for cybercriminals, helped move around a lot of cash, and sent it off to places like Dubai. Two main suspects are in custody now, and everyone’s being warned to watch out for dodgy banking stuff.
Key Points Finance Minister Nirmala Sitharaman has made it clear that the new Unified Pension Scheme (UPS) isn't just a rollback of the National Pension System (NPS), but a whole new thing. The UPS will give a pension that's 50% of an employee's average basic pay from the last year before they retire, as long as they've…
Key Points Indian billionaire Joy Alukkas got snubbed at a Rolls-Royce showroom in Dubai back in 2000. The salesperson told him to check out Mitsubishi instead. Alukkas, who’s a big deal in India and runs the Joyalukkas Group, felt insulted and bought a Rolls-Royce on a whim. He later gave the Rolls-Royce away in a raffle to…
Key Points PCB's using AI to pick squads for the Champions Cup. AI will handle 80% of the job, while humans will take care of the remaining 20%. PCB's the first cricket board to openly use AI for selecting players. PCB chairman Mohsin Naqvi is all about being transparent and accountable in picking players. Naqvi wants to…
Key Points Olympic champ Viktor Axelsen has shared his workout routine to boost badminton performance. His Instagram reel shows two main exercises: the trap bar lift and Bulgarian split squats/dumbbell lunges. The trap bar lift helps with leg strength and balance, which is essential for those powerful smashes. Bulgarian split squats or dumbbell lunges improve single-leg strength,…
Key Points The Atal Setu, India’s longest sea bridge, links Mumbai and Navi Mumbai. Since opening on January 13, 2024, more than 5 million vehicles have crossed it. The bridge has made it way easier to get from South Mumbai to the Mumbai-Pune Expressway. Maharashtra Chief Minister Eknath Shinde has praised the bridge for helping with traffic…
Key Highlights - PhonePe’s revenue jumped by 74%, reaching INR 5,064 Cr in FY24, up from INR 2,914 Cr in FY23.- The company reported an adjusted profit after tax (PAT) of INR 710 Cr for FY24, turning around from a loss of INR 194 Cr in FY23.- PhonePe claimed a net adjusted profit after tax of INR…
Key Points: Trent Ltd.’s stock has surged by 129% this year, outperforming many global retail stocks. The Tata Group company is set to join India's NSE Nifty 50 index next month. Trent’s success is largely attributed to its affordable fashion brand, Zudio. The company’s sales increased by 56% in the latest quarter, surpassing competitors like Avenue Supermarts…
Key Points Welspun Enterprises Limited's subsidiary, Welspun Michigan Engineers Limited (WMEL), has secured a Rs 159.75 crore contract from Brihanmumbai Municipal Corporation (BMC). The contract involves rehabilitating 17 km of sewers in Mumbai using trenchless technology. The project is expected to be completed within 24 months, excluding the monsoon season. Welspun Enterprises has seen a 120% increase…
Key Points Astronaut salaries vary based on space agency, experience, and mission responsibilities. NASA astronauts typically earn between $84,365 and $115,079 annually, but can earn up to $152,258 depending on their role. Military astronauts at NASA keep their military salaries and benefits while working with NASA. ESA astronauts have lower salaries compared to NASA but benefit from…