The infringements were the first by Russia in five years, according to the Japanese defense ministry. A fighter fired a warning flare in response.
Third eye: Another trip, ‘kissa kursi ka’ in Delhi CM’s office, and Sharad says ‘together at home’on Ajit (23-09-2024)
Rahul Gandhi, Leader of Opposition in Lok Sabha, has returned from a tour of the United States during election season in Jammu & Kashmir and Haryana. He is expected to have a busy travel schedule ahead, with plans for outreach interactions similar to those in the US, potentially in Germany and Chile.
Can Math Help AI Chatbots Stop Making Stuff Up? (23-09-2024)
Chatbots like ChatGPT get stuff wrong. But researchers are building new A.I. systems that can verify their own math — and maybe more.
How govt plans to control onion prices (23-09-2024)
The government has intensified its efforts to check onion prices by stepping up the sale of buffer stock in wholesale markets, following a spike in retail prices after the recent removal of export duty. Consumer affairs secretary Nidhi Khare on Monday said the Centre has begun offloading onions from its buffer stock in wholesale markets of Delhi and other key cities, with plans to expand subsidised retail sales nationwide. “We anticipated a price surge after lifting the export duty.
Wonderla Holidays (23-09-2024)
Why is going to a theme park waste? Also wonderla doesn’t buy land it rents from government…
Unemployment rate remains unchanged at 3.2% in 2023-24 (23-09-2024)
Unemployment rate for persons aged 15 years and above has remained unchanged at 3.2 per cent in July 2023 to June 2024, according to the labour force survey annual report released on Monday. The unemployment rate (UR) is defined as the percentage of persons unemployed among the persons in the labour force. The report stated that while the UR for male has shown a marginal decline from 3.3 per cent during July 2022 – June 2023 to 3.2 per per cent during July 2023 – June 2024, among female it has increased from 2.9 per cent to 3.2 per cent during the same time span.
Secularism is ‘European concept not Bhartiya’: TN governor Ravi (23-09-2024)
Tamil Nadu Governor R.N. Ravi stated that secularism is a European concept arising from historical conflicts between church and state, and it was not originally included in the Indian Constitution because Bharat is a dharma-centric nation. He claimed that the inclusion of secularism during the Emergency (1975-77) was the result of an “insecure prime minister” attempting to appease certain groups.
NPST – Technology Provider for UPI Tech (23-09-2024)
My thoughts
- There is a long term story and then there is a medium term one. In long run, the other products might be more relevant. In the medium term however, we have to take note that, 80% of the current revenue (last Q) came from evok and this contribution grew from around 66% in Q2’24. All said and done market is giving such fantastic trailing multiples as it’s discounting the evok;s growth trend of last few qtrs to continue.
- If there is a question mark raised on the evok business segment’s growth then we have to sit up and take note. The reduction in govt. incentive was the first dent. then this revelation of Cosmos Payee PSP Nos for Aug.
- Can the shift from evok 2.0 to 3,0 have caused this reduction in volume for Cosmos? I doubt it, because NPST is bound by agreement for 99% uptime (Page 194 Rhp) . New version of software are typically not deployed by such disruptions in a industry as critical as dealing with payment systems.
- NPST’s share in the fees earned for providing the evok services to cosmos is 75% of what cosmos earns from merchant. So it’s very much like disrupting your own services not just a service to a customer.
- I am not able to figure if there is a seasonality aspect to the evok nos. or some other aspect that we are missing.
India’s biggest oil, gas bid round gets 4 bidders (23-09-2024)
India’s biggest oil and gas bid round attracted four bidders that included state-owned ONGC and OIL and private sector Vedanta Ltd, with most blocks getting just two bids, according to Directorate General of Hydrocarbons (DGH). The OALP-IX bid round, where 28 blocks or areas spread over 1.36 lakh square kilometre were offered for finding and producing oil and gas, for the first time saw Reliance Industries Ltd-bp plc combine bidding together with ONGC for one block in Gujarat offshore.