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Time of India
4 days ago
- Politics
- Time of India
Taiwan detects Chinese military activity near its territory
Taiwan's Ministry of Defence (MND) on Saturday detected 17 sorties of PLA aircraft and detected 7 PLAN vessels operating around its territory. As per the MND, 8 out of 17 sorties crossed the median line and entered Taiwan's southwestern ADIZ. Explore courses from Top Institutes in Please select course: Select a Course Category The Defence Ministry stated that it has taken note of the situation and responded accordingly. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Join new Free to Play WWII MMO War Thunder War Thunder Play Now Undo MND wrote on X, "17 sorties of PLA aircraft and 7 PLAN vessels operating around Taiwan were detected up until 6 a.m. (UTC+8) today. 8 out of 17 sorties crossed the median line and entered Taiwan's southwestern ADIZ. We have monitored the situation and responded accordingly." Live Events On Friday, 26 sorties of PLA aircraft, 7 PLAN vessels and one official ship were recorded operating around Taiwan's territory. Earlier on Thursday, MND noted a record surge in Chinese military activity, with 48 PLA aircraft, 9 PLAN vessels, and one official ship. The frequent incursions and maritime operations reflect rising tensions between Taiwan and China, a relationship long fraught with geopolitical strain. Taiwan, officially the Republic of China (ROC), governs itself independently with its own political and economic systems. However, China continues to claim Taiwan as part of its territory under the "One China" principle, insisting there is only one China with its capital in Beijing. The dispute's roots trace back to the end of the Chinese Civil War in 1949, when the ROC government fled to Taiwan after the Communist Party, led by Mao Zedong, took control of mainland China. Since then, Beijing has maintained its goal of reunification, using military, diplomatic, and economic means to apply pressure on Taiwan and diminish its international space. Despite these efforts, Taiwan maintains its de facto independence with strong public support and continues to assert its sovereignty amid ongoing external pressures. The MND regularly monitors and publicly reports such military movements to ensure transparency and national security awareness.
Time of India
6 days ago
- Politics
- Time of India
Trump calls Tulsi Gabbard 'hottest in the room', backs her explosive Obama-rigging claims
At a recent White House event, US President Donald Trump stirred fresh controversy by praising Director of National Intelligence Tulsi Gabbard as 'the hottest one in the room' and endorsing her newly released report that alleges former President Barack Obama orchestrated a plot to rig the 2016 election. 'Oh, where's Tulsi? She's, like, hotter than everybody,' Trump said while gesturing toward Gabbard. 'She has all the documents. She found out that Barack Hussein Obama led a group of people and they cheated in the elections.' He added, 'They cheated without question. It's not even a quote.' Explore courses from Top Institutes in Please select course: Select a Course Category Technology MCA PGDM Public Policy Leadership Data Science healthcare Data Science Management Finance MBA Healthcare CXO Operations Management others Project Management Digital Marketing Data Analytics Product Management Cybersecurity Degree Others Artificial Intelligence Design Thinking Skills you'll gain: Duration: 12 Weeks MIT xPRO CERT-MIT XPRO Building AI Prod India Starts on undefined Get Details 'She told me, 'You've seen nothing yet,'' Trump continued. 'We're very proud of you, Tulsi. They cheated so badly… and it shouldn't have been a loss. It was a big victory.' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Join new Free to Play WWII MMO War Thunder War Thunder Play Now Gabbard's report, recently made public, claims to present Obama-era communications that allegedly reveal attempts to manipulate the outcome of the 2016 election. While her findings reportedly show no tampering with vote totals—something previously acknowledged by multiple agencies—the report suggests this absence weakens the broader narrative of Russian interference, which has been upheld by several bipartisan investigations. Reviving old claims, Trump once again accused familiar adversaries—Obama, Hillary Clinton , former FBI Director James Comey, and former Director of National Intelligence James Clapper—of conspiring against him. 'Obama was the ringleader,' Trump declared, describing the alleged plot as an attempted coup. Live Events Obama's camp issued a rare public response, dismissing the claims. 'These bizarre allegations are ridiculous and a weak attempt at distraction,' said spokesperson Patrick Rodenbush. Gabbard's release is the latest in a string of efforts by Trump allies to discredit past investigations, including the 2017 intelligence community assessment and Robert Mueller's special counsel report. While Mueller documented extensive contact between Trump's campaign and Russian actors, he stopped short of concluding a criminal conspiracy. The timing of Gabbard's report has also drawn scrutiny, coinciding with renewed public focus on the Jeffrey Epstein case . Though Trump dismissed that scandal as a 'witch hunt,' questions about his past links to Epstein continue to fuel demands for transparency—even among his own supporters.
Time of India
21-07-2025
- Business
- Time of India
Newgen Software shares slide over 16% in three days after weak Q1 earnings
Shares of Newgen Software have declined more than 16% in the past three sessions following the company's weaker-than-expected Q1FY26 results . On Monday, the stock fell 4.8% to Rs 916.8 on the BSE. Newgen Software Q1 performance Explore courses from Top Institutes in Select a Course Category Healthcare Degree Cybersecurity PGDM Management Leadership Project Management Data Science MCA Others Digital Marketing Finance Artificial Intelligence Product Management CXO Data Science Public Policy others Design Thinking MBA Skills you'll gain: Financial Analysis in Healthcare Financial Management & Investing Strategic Management in Healthcare Process Design & Analysis Financial Analysis in Healthcare Financial Management & Investing Strategic Management in Healthcare Process Design & Analysis Duration: 12 Weeks Indian School of Business Certificate Program in Healthcare Management Starts on Jun 13, 2024 Get Details Skills you'll gain: Financial Analysis in Healthcare Financial Management & Investing Strategic Management in Healthcare Process Design & Analysis Duration: 12 Weeks Indian School of Business Certificate Program in Healthcare Management Starts on Jun 13, 2024 Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Join new Free to Play WWII MMO War Thunder War Thunder Play Now Newgen reported a consolidated net profit of Rs 49.72 crore for the April–June quarter, up 4.5% year-on-year from Rs 47.57 crore. However, on a sequential basis, profit slumped 54% from Rs 108 crore in Q4FY25. Revenue from operations rose just 2% YoY to Rs 321 crore but dropped over 25% from Rs 430 crore in the preceding quarter. Operating performance also took a hit, with Ebitda falling 6% YoY to Rs 45 crore. The Ebitda margin declined to 14% from 15% a year ago, impacted by higher employee benefit expenses and increased finance costs. Live Events Among key markets, revenue from the India business showed a slight YoY increase but declined sharply from the March quarter. Revenue from Europe fell to Rs 103.4 crore from Rs 138.56 crore QoQ. APAC revenue remained flat YoY at Rs 49.9 crore but declined from Rs 69.2 crore in Q4FY25. Similarly, revenue from the US market was flat YoY but lower sequentially. Also Read: Apollo Tyres, Brigade Enterprises among 10 small-cap stocks trading below industry PE; may rally up to 43% Newgen Software share price target According to Trendlyne, the average target price for Newgen Software is Rs 1,091, suggesting an upside potential of nearly 18% from current levels. Of the five analysts covering the stock, the consensus rating is 'Buy'. Newgen Software shares have dropped 29% over the past six months and are down 46% so far this year. The company's current market capitalisation stands at Rs 13,058 crore. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
19-07-2025
- Business
- Time of India
Rare juvenile dinosaur 'Ceratosaurus' fossil sells for $30.5 million at Sotheby's auction
A rare juvenile Ceratosaurus fossil believed to be the only one of its kind sold for a jaw-dropping $30.5 million at Sotheby's on Wednesday(July 16). The fossil, uncovered in 1996 at Bone Cabin Quarry in Wyoming, is one of only four known Ceratosaurus skeletons ever discovered and the only juvenile among them. Measuring over six feet tall and nearly 11 feet long, the 150-million-year-old relic includes 139 fossilized bone elements, 57 of which form what Sotheby's calls a 'superb, virtually complete skull.' Explore courses from Top Institutes in Select a Course Category Healthcare others Artificial Intelligence Data Science MCA Management Cybersecurity Public Policy Design Thinking Product Management Project Management PGDM Technology Data Science Operations Management Others Data Analytics Leadership CXO MBA Degree Digital Marketing Finance healthcare Skills you'll gain: Financial Analysis in Healthcare Financial Management & Investing Strategic Management in Healthcare Process Design & Analysis Duration: 12 Weeks Indian School of Business Certificate Program in Healthcare Management Starts on Jun 13, 2024 Get Details Described by the auction house as 'one of the finest and most complete examples of its kind ever found,' the dinosaur far surpassed its $4 million to $6 million pre-sale estimate during a dramatic six-minute bidding war between six participants. It previously spent over two decades on display at the Museum of Ancient Life in Utah but has never been formally studied in scientific literature. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo by Taboola by Taboola Ceratosaurus nasicornis was a carnivorous dinosaur known for its distinctive nasal horn, long teeth, and bony armor along its spine and tail. The species roamed North America during the late Jurassic period. While Sotheby's says the unnamed buyer intends to loan the fossil to an institution, paleontologists remain cautious. Live Events 'Who has that kind of money to spend on a dinosaur? Certainly not any museums or educational institutions,' said Steve Brusatte, a paleontology professor at the University of Edinburgh. 'My fear is that this skeleton will disappear into the ether into a mansion or a bank vault.' Still, auction officials argue the private market can play a vital role in preserving and promoting scientific specimens. 'These stellar results underscore a deep and enduring fascination with the natural world,' said Cassandra Hatton, Sotheby's global head of science and natural history. 'What draws collectors is more than a passion for science; it's curiosity about the forces that shaped our planet.' The sale follows a trend of surging fossil prices , including last year's record-breaking $44.6 million sale of 'Apex,' a Stegosaurus skeleton that now resides at the American Museum of Natural History. 'Bottom line,' said Brusatte, 'a world where dinosaur skeletons can fetch tens of millions of dollars is not a world where dinosaurs will long be accessible to educate and inspire everyone.'
Time of India
18-07-2025
- Business
- Time of India
Axis Bank appoints Neeraj Gambhir as executive director
Axis Bank on Friday announced that it has appointed Neeraj Gambhir as an executive director, effective from August 4, 2025 or post Reserve Bank of India approval, whichever is later, the private lender said in an exchange filing Friday. The appointment comes as Rajiv Anand, deputy managing director of Axis Bank, decided to step down after the completion of his current term in August 2025. He will retire from the services of the bank on August 3 after completion of his third term as a director on the bank's board. Explore courses from Top Institutes in Select a Course Category Operations Management Public Policy Finance Others Technology Healthcare others Data Analytics Data Science PGDM Data Science healthcare Digital Marketing CXO Project Management Leadership MCA Degree Cybersecurity Design Thinking Artificial Intelligence Management Product Management MBA Skills you'll gain: Quality Management & Lean Six Sigma Analytical Tools Supply Chain Management & Strategies Service Operations Management Duration: 10 Months IIM Lucknow IIML Executive Programme in Strategic Operations Management & Supply Chain Analytics Starts on Jan 27, 2024 Get Details With over 30 years of experience in India's financial sector, the 52-year-old bank veteran was working as the Managing Director of Nomura, India, heading their fixed income business. He has also worked for Lehman Brothers, India and ICICI Bank . by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Gambhir is currently a member of SEBI's Advisory Committees on Mutual Funds and Corporate Bonds and Securitisation (COBOSAC). He holds a Bachelor of Engineering degree in Computer Science and has done his Post Graduation in Business Management from Indian Institute of Management, Lucknow where he was awarded PGP Chairman's Medal. Earlier during the day, Axis Bank shed 4.6% on Friday, a day after the private lender reported an unexpected drop in June quarter profit, with analysts citing higher credit costs and margin pressures as key concerns. Live Events The stock was the top loser on Nifty Bank and Nifty Private Bank, which were trading 0.4% and 0.9% lower, respectively. It also fell the most on benchmark Nifty 50, which was trading flat. India's fourth-largest private lender by market value reported a surprise lower quarterly profit drop on Thursday, as its bad loans surged after a one-time industry benchmarking exercise. Its net interest margin also contracted to 3.8% from 4.05%.
