Payment revolution! Facial recognition, fingerprints to soon authenticate UPI payments, Aadhaar biometric data to be used: Report

The verification process will utilise biometric information through Aadhar identification system. (AI image) Facial recognition and fingerprint authentication – these are the two new features that may be launched for payments made through the Unified Payments Interface (UPI), according to a Reuters report.The National Payments Corporation of India, UPI’s operator, intends to display this biometric […]

Housing market witnesses 3.1% growth: Report

NEW DELHI: The country’s housing market saw a 3.1% rise in demand during July-Sept over the previous quarter with buyers opting for smaller homes amid affordability challenges, said a new report.The share of 1 and 2 BHK units rose to 54% in the Sept quarter, reversing the declining trend seen over the last two years, […]

Trump ‘Fires’ Museum Boss For Saying ‘No’ Over Royal Gift Sword: Report

Trump Breaks Out YMCA Dance At Norfolk Navy Event, Fans Divided US President Donald Trump capped the Navy’s 250th anniversary in Norfolk with a surprise “YMCA” dance, thrilling and amusing the 10,000-strong crowd. The clip quickly went viral, sparking a flood of memes, trolling, and mockery online. Social media users debated whether sailors were genuinely […]

Average residential price growth expected to stabilise after record surge in 2024: Report

Average residential price growth in India’s real estate market is expected to stabilise after the sharp 21 per cent surge recorded in 2024, according to a sector update by PhillipCapital India Research. The report stated that the real estate market is likely to experience steady upward trends driven by sustained demand and rising input costs, […]

Economy

Asian push for carbon capture, storage could add 25 billion tonnes of emissions by 2050: Report

Asian countries’ growing support for carbon capture and storage (CCS) to reduce fossil fuel emissions could result in nearly 25 billion tonnes of additional greenhouse gases by 2050, undermining the Paris Agreement and exposing their economies to risks, according to a new report released on Monday. Carbon capture and storage (CCS) is a technology designed […]

NFRA Report Highlights Audit Committee Failures in Asset Impairment Oversight, ETCFO

The National Financial Reporting Authority (NFRA) has flagged gaps in communication between statutory auditors and audit committees, calling for stronger oversight of accounting estimates and judgments, especially related to the impairment of non-financial assets. The warning comes in Auditor-Audit Committee Interaction Series 4, which highlights areas where auditors must ensure compliance with Ind AS 36 […]

India-Qatar FTA: GTRI report flags $10.78 billion trade deficit; says energy ties bedrock, but diversification needed

As Commerce and Industry minister Piyush Goyal is set to begin his two-day visit to Doha from October 6, India and Qatar are expected to finalise the terms of reference (ToR) for a proposed free trade agreement (FTA) this week. According to the trade policy think-tank GTRI report, India–Qatar trade stood at $14.15 billion in […]