logo
Top news of the day: May 27, 2025

Top news of the day: May 27, 2025

The Hindu27-05-2025

Govt extends income tax filing deadline to September 15
The Central Board of Direct Taxes (CBDT) has extended the deadline for filing income tax returns (ITRs) for the financial year 2024-25 to September 15 from the earlier deadline of July 31, 2025, citing the numerous changes that the forms have undertaken and the time taken to update the systems.
SC dismisses plea to clarify 'facts', protect Savarkar's name in the Emblems Act
The Supreme Court on Tuesday (May 27, 2025) rejected a plea seeking to protect Hindutva ideologue V.D. Savarkar's name under the Emblems and Names (Prevention of Improper Use) Act, 1950. Appearing before a Bench headed by Chief Justice of India B.R. Gavai, petitioner-in-person Pankaj Phadnavis said the court must allow him to set right and establish certain historical facts concerning Savarkar to stop misunderstandings about him.
Rains LIVE updates: India likely to receive above-normal rainfall in June, says IMD
The IMD has said monsoon rainfall will be 106% of the long period average. This is a little more than the 105% forecast in April. Except northeast and northwest India, whole country likely to get above normal rainfall. June will see 'above normal' rainfall.
U.S. student visa may be revoked if students drop out, skip classes without informing: Embassy in India cautions
The U.S. Embassy in India on Tuesday (May 27, 2025) warned international students studying in the U.S. that if they 'drop out, skip classes, or leave your programme of study' without informing the school, then their student visas may be revoked.
Tourism should be treated as a conflict-neutral activity: Omar Abdullah after Pahalgam Cabinet meet
Making a strong statement by holding a Cabinet meeting in south Kashmir's Pahalgam five weeks after the terror attack, J&K Chief Minister Omar Abdullah on Tuesday (May 27, 2025) said tourism should be treated as a conflict-neutral activity and not a tool of politics.
Indian delegation engages in diplomatic outreach across Muslim world
Workers at Kohinoor and Evershine, two souvenir shops right at the entrance of Bab Al Bahrain, were taken by surprise when Indian parliamentarians made a surprise appearance at this historical market area of Manama Souq. In the middle of hectic meetings in Bahrain around their diplomatic outreach on April 22, 2025, Pahalgam attack and Operation Sindoor, the all-party delegation led by BJP MP Baijayant Jay Panda made a stopover at this iconic area on Saturday (May 24, 2025) evening.
Suspected Khalistani terrorist killed in blast in Amritsar
A suspected Khalistani terrorist died in a blast while retrieving explosive material from a vacant area on the Majitha road bypass in Punjab's Amritsar on Tuesday (May 27, 2025), police said. The intensity of the explosion, which took place around 9.30 a.m., was such that both arms of the man were blown off.
China to collect record $22 billion BRI debt repayments from developing nations this year
China will turn from a capital provider to a debt collector of 75 developing countries, including the world's poorest and most vulnerable, this year as they are due to pay back a record $22 billion loans owed to Beijing, according to data released by an Australian think tank.
Instamart drops parent 'Swiggy' in rebranding move for quick commerce platform
Quick commerce platform Instamart has dropped parent Swiggy from its name, in a strategic move aimed at carving a standalone brand identity. The move comes days after rival Zomato, which also owns Blinkit, rebranded as Eternal on the stock exchanges, with quick commerce becoming a significant driver for the firms beyond their food delivery businesses.
Aaditya Thackeray demands to remove Turkiye company operating at Metro line 3
Shiv Sena (UBT) leader Aaditya Thackeray raised concerns for not suspending the Turkiye company Dogus's operations on the Metro 3 line and accused Deputy Chief Minister Eknath Shinde of corruption over the waterlogging situation in several areas in Mumbai. He also demanded to compensate people, who suffered losses from State government's treasury.
BJP expels two rebel MLAs from Karnataka for six years over 'anti-party activities'
The BJP has expelled two rebel MLAs and former ministers – S.T. Somashekhar and Arabail Shivaram Hebbar – from the party for six years for indulging in 'anti-party activities'. While Mr. Somashekhar represents Yeshwanthpur in Bengaluru in the Karnataka Assembly, Mr. Hebbar has been elected from Yellapura of Uttara Kannada district.
IMD issues red alert for three Kerala districts
A low-pressure is likely to form over the Bay of Bengal on Tuesday (May 27, 2025), strengthening the flow of monsoon winds. The India Meteorological Department (IMD) has issued a red alert for three districts – Kannur, Wayanad and Kozhikode – and an orange alert for the remaining districts except Thiruvananthapuram, Kollam and Alappuzha where a yellow alert has been issued warning of isolated heavy rains for the day.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

‘We don't have any compulsion to go for IPO tomorrow'
‘We don't have any compulsion to go for IPO tomorrow'

New Indian Express

time28 minutes ago

  • New Indian Express

‘We don't have any compulsion to go for IPO tomorrow'

Bengaluru-based media technology company Amagi, which has initiated an initial public offering (IPO) process recently, is now expanding into Japan, Australia, Latin America, France and Germany. In an interaction with Uma Kannan, Baskar Subramanian, CEO & Co-Founder of Amagi, says they are seeing a tremendous opportunity in front of them for the next 10 years where they can build extremely large media tech company in the world and that they don't have any compulsion to go public tomorrow. The company's annual revenue in FY24 stood at Rs 942 crore. Edited excerpts: You are a media SaaS unicorn and have been in the business for over 15 years now. What does the market look like? Our customers are TV channels, content creators, live producers, sports news, and anybody who is creating content in the mid-tier to large enterprises. We don't work with the creator economy and influencer economy today; we don't have any product portfolio for it, but we work with the larger mid to enterprise sort of customers. Fundamentally, the world is becoming streaming, and all of us are only watching on IP, internet devices, be it on our phone or connected television, what we call smart TV in India. This has changed things for our customers. One, it's fragmentation of viewership. In the early days of cable, you could go to one channel and always watch the content. Now there are so many places where people are consuming content, be it YouTube, Netflix, Prime, social platforms, connected TV devices to everywhere else and this is becoming a big challenge for the broadcasters and TV channels. This is very similar to what happened in the retail industry. Suddenly people are buying in supermarkets, e-commerce stores and now quick commerce. TV is now connected in every home in India. How are you looking at the Indian market? In India, we have clients, and the country has obviously dramatically changed, given 5G connections. Here we work with Samsung, whose many channels are coming to Samsung TV Plus with the back-end being Amagi. We work with the likes of Republic TV, Times Now and Zee television and provide OTT content. India is a growing market and we have now started to expand but the country is only very close to about a percentage (1%) of our revenue. So, we continue to have a big focus on the international markets with 70% revenue coming from the US. However, we are seeing India as a growing market and it will start to become bigger and bigger for us as we go forward. What are the market opportunities that you are seeing, and whether you have competitors in India as well as outside? We started in the US, expanded into Europe, and then in Asia, we started in Singapore. We are now expanding into Japan, Australia, Latin America, France, and Germany. It's a global market and we are seeing a tremendous opportunity in front of us for the next 10 years where we can build an extremely large, world-class media tech company in the world. Amagi's competition is all traditional hardware players. And we are the only company in the world that talks about a glass-to-glass complete end solution. It is reported that you are looking to raise Rs 3,200 crore through a public listing. Are you planning to hit an IPO soon? If we go for an IPO, we'll go in India. Going through the process, understanding and evaluating markets are very different. We don't know when we do it because timing matters in this industry. As a company, we don't have any compulsion to go for an IPO tomorrow. We are a profitable company, we have money in the bank and we have investors who came in 2022. So, the idea is that eventually we will have to be a public company. If the market is really good, then maybe by the end of the year (we will go for the IPO), or else next year.

Electric vehicles: Why change is needed and how to make it happen
Electric vehicles: Why change is needed and how to make it happen

Business Standard

time29 minutes ago

  • Business Standard

Electric vehicles: Why change is needed and how to make it happen

By 2030, the penetration of EV sales would be 70 per cent of all new commercial cars, 30 per cent of private cars, 40 per cent of buses, and 80 per cent of two- and three wheelers Sunita Narain Listen to This Article There are three key reasons why countries need to electrify their vehicle fleet. One is climate change. The transport sector guzzles massive amounts of oil (petrol and diesel) and globally contributes roughly 15 per cent of annual carbon dioxide emissions. Zero-emission vehicles, or electric vehicles (EVs), replace oil with electricity, which is ideally generated in renewable-energy plants, and are seen as the solution. The second reason, which is more important for Indian cities, is that replacing petrol and diesel vehicles with zero-emission ones will reduce local pollution. And third: It will save us valuable foreign exchange because oil consumption will

An account of AI disruption in finance as technology reshapes work
An account of AI disruption in finance as technology reshapes work

Business Standard

time39 minutes ago

  • Business Standard

An account of AI disruption in finance as technology reshapes work

OVER 50% of Indian accountants worry they are unable to develop skills due to frequently changing technology, according to a survey Avik Das Bengaluru Listen to This Article It's a profession of caution, measured approach and spreadsheets, but even here experts are being pushed to adapt to artificial intelligence (AI) or risk obsolescence. AI is taking over many tasks in finance and accountancy: from bookkeeping to reconciliations and tax compliance. Just as AI automated writing and testing codes in software engineering, the world of finance and accountancy and risk management is walking the same path with machines doing many of its tasks faster and better. It is a tectonic shift in a profession not known to move 'suddenly'. It involves changing the mindset of junior employees, senior executives

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store