Financial deficit of power distribution sector at highest ever: PFC

The financial health of the power distribution companies (discoms), which improved slightly in recent years, has been hit again, the annual rating of discoms by financing agency Power Finance Corporation (PFC) revealed. The financial deficit in the sector is “larger than previously recorded” and is widening because of declining profitability of … Read more

85% of Indian children cyberbullied, highest globally: McAfee report

Leading amongst all other nations, 85 per cent of Indian children reported being cyberbullied as well as having cyberbullied someone else at rates well over twice the international average. According to McAfee’s 2022 Cyberbullying in Plain Sight Report, Indian children said that they’ve cyberbullied someone else at rates well over twice the international average. … Read more

Dalai Lama honoured with Ladakh’s highest civilian award dPal rNgam Duston

Tibetan spiritual leader Dalai Lama was honoured with the ‘dPal rNgam Duston’ award — the highest civilian honour of Ladakh — for his immense contribution to humanity, especially towards the union territory, an official said on Saturday. The sixth award was conferred by Ladakh Autonomous Hill Development Council (LAHDC), Leh which celebrated … Read more

UPI records 6 billion transactions in July, highest ever since 2016

Unified Payments Interface (UPI) clocked over 6 billion transactions in July: the highest ever by India’s flagship digital payments platform since its inception in 2016. UPI reported 6.28 billion transactions amounting to Rs 10.62 trillion, according to data released by the National Payments Corporation of India (NPCI), which operates … Read more

UBS reveals its highest conviction stock picks for the rest of 2022

EyeOfPaul UBS surveyed its analysts for stocks with attractive upside vs. downside in volatile markets. “We’ve focused on stocks where we believe our analysts have a truly differentiated view vs. consensus, and where we have interesting or proprietary data sources (from UBS Evidence Lab or elsewhere),” strategist Keith Parker wrote in a note. “From a … Read more

India got highest aid for trade from developed countries in 2020

India received the highest aid for trade in 2020 at $2.7 billion from developed countries even as the receipts declined during the pandemic year compared to $3.9 billion received in 2019. The World Trade Organisation-led aid for trade flows is particularly meant for the least developed economies. It consists … Read more

At 80 new Covid cases, Arunachal records highest single-day spike in July

Arunachal Pradesh on Saturday reported 80 new COVID-19 cases, the highest single-day spike this month, pushing the total caseload to 65,231, a senior health official said. The toll remained at 296 with no new fatality recorded in the last 24 hours, State Surveillance Officer (SSO) Dr Lobsang Jampa said. … Read more

IBM Posts Highest Sales Growth in a Decade, Cuts Cash-Flow Estimate

(Bloomberg) — International Business Machines Corp. lowered its forecasts for free cash flow this year due to the impact of a strong dollar and the loss of business in Russia, sending the shares down. Most Read from Bloomberg The revision overshadowed results that topped analysts’ estimates, signaling that demand for mainframe computers, consulting and cloud … Read more