Business News

Warfare evolution: Army Chief's insight

Business News - May 24, 2024 - 10:08pm
Chief of Army Staff General Manoj Pande on Friday highlighted the rapidly changing nature of warfare, driven by technological advancements in space, cyber, and information domains. Speaking after reviewing the passing out parade of the 146th course of National Defence Academy here, the army chief also emphasized the need for the cadets to enhance their technical competencies to effectively operate in the increasingly complex and contested battlefields of the future. An alumnus of the 61st course of NDA, Gen Pande said, "In another year's time, you would be commissioned officers and would be mandated to lead men and women in combat." "In order to operate in the battlefield of tomorrow, you need to enhance your technical competency threshold," he advised the young cadets. He said a true leader leads by example and never takes the trust of those under his command for granted, rather earns it. "While each one of you has come from different backgrounds, the one thing common is that you chose the profession of soldiering," he said. "Many youngsters of your age dream to be successful but only the deserving few get selected and make the mark, so be proud of your achievements," he said. "Remember that the journey ahead in uniform is a long one and you will have a fair share of opportunities to excel and prove your mettle," he said. "Build lasting friendships. These linkages will stand the test of time. And help in guiding and supporting you throughout the journey of life as you progress in your service career. Do identify role models and mentors from whom you can draw inspiration and take guidance. "You're following the path taken by generations of distinguished officers of the Indian armed forces," he added. Underlining the role of training at NDA, the Army chief said, "Despite technological advancements, the critical role of the man or woman behind the machine in the battlefield stands undiminished. "During the training at NDA, you have been introduced to fundamental aspects of leadership. As you journey ahead, do focus on sharpening the leadership skills and work towards making yourself worthy of donning the mantle of a junior leader," he said. "The female cadets on parade truly epitomise Nari Shakti and our commitments towards the inclusive armed forces," he said. A contingent of 24 female cadets, presently in their third and fourth term of training, was part of the marching contingent of the parade. A total of 1265 cadets participated in the parade of which 337 cadets were from the passing out course. The 146th course included 199 Army cadets, 38 Naval cadets and 100 Air Force cadets including 19 cadets from friendly foreign countries including Bhutan, Tajikistan, Afghanistan, Sri Lanka, Myanmar and Maldives. Known as the cradle of military leadership, NDA is the country's premier Joint Services Training Institution. The 146th course was inducted in June 2021 and after completion of three years of rigorous military training, the cadets passed out on Friday in the grand ceremonial event. The cadets will now join their respective pre-commissioning training academies.
Categories: Business News

Tech View: Nifty forms Doji candle. What traders should do next week

Business News - May 24, 2024 - 6:16pm
Nifty on Friday ended near the flatline after climbing the 23,000-mark for the first time in history. The index formed a Doji candle during the day after Thursday’s big bull candle.On the daily chart, Nifty continues to hold above the 20 and 50-day SMA, which is a positive signal. The 14-day RSI at 67.5 is rising and not overbought, which is encouraging. “While we expect further upsides and new life highs in the coming sessions in the run-up to the election results, we remain open to volatile movements in the coming week. Crucial support to watch for resumption of weakness is at 22795-22630,” said Subash Gangadharan of HDFC Securities.What should traders do? Here’s what analysts said:Jatin Gedia, SharekhanWe believe that this is just a brief pause in the overall up move. On the upside, Nifty has achieved our initial target of 23,000 and hence we raise it to 23,150 where the upper end of the rising channel is placed. One should place a trailing stop loss of 22,800 for long positions.Tejas Shah, Technical Research, JM Financial & BlinkXWe expect an upwards trending activity to continue and the index should move towards the next resistance zone of 23,150-200 either continuously from current levels or may be after a minor dip. Support for Nifty is now seen at 22,750-800 & 22,500 levels. On the higher side, the psychological resistance is at 23,000 mark and the next resistance is at 23,150-200 levels. Overall, the indices could stay volatile but the trend and trajectory is still positive.Rupak De, LKP SecuritiesNifty remained sideways during the day after crossing above 23,000. Sentiment might remain subdued in the next few days, with the index ranging between 22,950 and 23,050. Heavy call and put writing activity at 23,000 suggests a possible range-bound trade in the near term. Only a decisive fall below 22,950 might take the index towards 22,800. On the other hand, a sustained movement above 23,050 might lead to a meaningful rally.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Categories: Business News

Medha Patkar convicted in defamation case

Business News - May 24, 2024 - 6:08pm
A Delhi court on Friday convicted Narmada Bachao Andolan (NBA) leader Medha Patkar in a defamation case lodged against her by V K Saxena, the incumbent lieutenant governor of the national capital. Metropolitan Magistrate Raghav Sharma found Patkar guilty of criminal defamation. Under the relevant law, the activist may get a jail term of two years or fine or both as the punishment. Patkar and Saxena have been locked in a legal battle since 2000 after she filed a suit against him for publishing advertisements against her and the Narmada Bachao Andolan (NBA). Saxena was then the chief of Ahmedabad-based NGO National Council for Civil Liberties. Saxena had also filed two cases against her for making derogatory remarks against him on a TV channel and issuing a defamatory press statement.
Categories: Business News

India's coffee exports rise 12% to $1.28 bn

Business News - May 24, 2024 - 3:54pm
India's coffee exports rose by 12.22 per cent to USD 1.28 billion in 2023-24 on higher demand for Robusta coffee in the global markets, according to the commerce ministry data. The country exported coffee worth USD 1.14 billion in 2022-23. India is Asia's third-largest producer and exporter of coffee. The country grows Arabica and Robusta varieties. Arabica coffee beans have less caffeine content than the Robusta. Arabica has sweet and smoother taste, while Robusta is generally more bitter and harsher on the taste buds. In volume terms, coffee shipments from India rose 13.35 per cent to 1,25,631 tonnes during the January-March period of 2023-24. The country had exported 1,10,830 tonnes of coffee in the same period in 2023. Italy, Russia, the UAE, Germany and Turkey are major coffee export destinations for India.
Categories: Business News

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