The chess world is embroiled in a growing feud as Magnus Carlsen, the world’s top-ranked grandmaster, leads a movement to decentralize top-level chess from the control of FIDE, the global chess federation. As Carlsen becomes the face of the rival Freestyle Chess movement, tensions have escalated further with a public spat from his rival, Hans Niemann. Niemann, the American chess prodigy who was at the center of a cheating scandal with Carlsen in 2022, openly attacked the Norwegian champ

The integrity of the Taekwondo competition at the National Games has been questioned after allegations emerged that results were fixed in advance for 10 out of the 16 weight categories. In response to these claims, the National Games Technical Conduct Committee (GTCC) has replaced the director of competition, T Praveen Kumar, with S Dinesh Kumar following strong recommendations made by a three-member committee formed to prevent manipulation of the event. The GTCC chairperson, Sunaina Kumari,

World Cancer Day, observed annually on February 4th, serves as a global initiative to raise awareness about cancer and encourage preventive measures, early detection, and better treatment. Millions of lives are affected by cancer every year, and through education, lifestyle changes, and advancements in treatments, the goal is to reduce cancer-related deaths significantly. A healthy diet plays a crucial role in cancer prevention, and certain foods have been shown to contain compounds that prot

Budget 2025: Key Tax Changes for NRIs and Foreign Investors Finance Minister Nirmala Sitharaman's Budget 2025 proposed several important tax reforms that directly affect Non-Resident Indians (NRIs) and foreign investors. These updates aim to simplify taxation, promote NRI investments, and align the tax regime with global standards. Below is a breakdown of the major changes: Presumptive Taxation Regime for Foreign

India’s U19 Women’s cricket team triumphed in the final of the T20 World Cup, defeating South Africa by 9 wickets to win their second consecutive title. Playing in Kuala Lumpur on Sunday, India showcased an outstanding all-round performance. South Africa, batting first, were bowled out for a mere 82 runs in 20 overs, thanks to disciplined bowling from the Indian team.   The bowlers made an immediate impact, taking back-to-back wickets early, which set the

Trump's 25% Tariffs on Canada and Mexico: A Trade War in the Making? In a bold move set to take effect on February 1, U.S. President Donald Trump has announced a 25% tariff on imports from Canada and Mexico. Citing concerns over illegal immigration, fentanyl trafficking, and trade imbalances, the administration is taking an aggressive stance on border economics. However, one major question re

In a surprising legal resolution, Meta has reportedly agreed to pay $25 million to settle a lawsuit filed by former U.S. President Donald Trump over his social media bans following the January 6, 2021, Capitol attack.   According to reports, $22 million from the settlement will fund the non-profit organization managing Trump’s future presidential library, while the remaining amount will c

A recent report by global analytics firm FICO has highlighted the increasing threat of scams in India's real-time payments (RTP) ecosystem. According to the survey, over one-third (34%) of respondents have lost money to scams, paying for goods, services, or investments that were never delivered. The report further reveals that 60% of respondents have received messages from scammers, and 54% reported that friends or family members have been scammed. Despite fewer people reporting

Tamil Nadu’s professional boxer Sabari Jaishankar is set to headline the upcoming Super Fighter Series, an international boxing event scheduled for February 7 in Bangkok. Jaishankar, who is currently the WBC Middle East and WBC Australasia champion, will take on seasoned Thai boxer Rattakorn Tassaworn in an exciting match-up. Jaishankar is not the only Indian boxer participating in this high-profile event. His fellow countrymen, Laldinsanga and Vanlalawmpuia, both from Mizoram

Senate Confirms Scott Bessent as Treasury Secretary The Senate has confirmed Scott Bessent as the new Treasury Secretary in a 68-29 vote on Monday, elevating the hedge fund manager to lead the administration’s financial policies as President Donald Trump advances his ambitious economic agenda.   At 62, Bessent steps into t

FIITJEE, one of the prominent coaching institutes for IIT-JEE preparation, is facing significant backlash following the sudden closure of multiple centres in Delhi-NCR and Uttar Pradesh. The closures have been attributed to months of unpaid salaries for teachers, leading to their resignation and a disruption in services for enrolled students. The affected students, who were preparing for both board exams and competitive entrance tests, have been left stranded without prior notice from the ins

In a dramatic turn of events at the Australian Open 2025, Novak Djokovic was forced to retire from his semi-final clash against Alexander Zverev, citing injury concerns. The match, which saw Zverev win the first set 7-6, ended prematurely when Djokovic walked to the net and informed his opponent of his decision to withdraw. Djokovic had been battling an injury sustained during his quarter-final match against Carlos Alcaraz, which became more apparent as the match progressed, especially with t

The Impact of Potential U.S. Tariffs on Canadian Goods: Economic and Political Repercussions The article explores the potential economic and political effects of tariffs threatened by former U.S. President Donald Trump on Canadian goods and the retaliatory measures proposed by outgoing Canadian Prime Minister Justin Trudeau. Here’s a comprehensive look at the key issues:

With the Modi government set to present its second full budget for the third term in power, the middle and lower-income groups across India are hopeful for key reforms that could alleviate their financial burdens. The anticipated reforms in Budget 2025 include tax relief measures, simplification of income tax laws, and a focus on financial literacy, insurance, and retirement savings. Key Expectations from Budget 2025 Insurance Sector Reforms:

Filmmaker Ram Gopal Varma, known for his iconic films like Satya, has been sentenced to three months of imprisonment by the Andheri Magistrate Court in Mumbai. The sentence is related to a cheque bounce case that has been ongoing for the last seven years. The case involves a sum of Rs 2 lakh 38 thousand, stemming from a transaction with Varma’s ex-employee. The court, after hearing the case for several years, issued a non-bailable warrant against the director on Tuesd

Retirement Planning: More Than Just Accumulating Wealth Retirement isn’t just about saving money, but ensuring it lasts through the years, considering inflation, medical expenses, and market fluctuations. A 2024 survey revealed that 68% of Indians aged 45-60 feel financially unprepared for retirement. The key to a secure retirement lies in managing investments wisely. The Reality of Retirement in India A large number of retirees

Billionaire Wealth Skyrockets in 2024 Amid Rising Inequality Global billionaire wealth surged from $13 trillion to $15 trillion in 2024, marking the second-largest annual increase since Oxfam began tracking wealth data, the charity revealed in its annual inequality report on Monday. Meanwhile, the number of people living in poverty has seen little improve

Capital One has confirmed that it is experiencing a technical issue affecting a range of its customer-facing services. The problem has led to widespread reports from customers who are unable to access deposits, view account balances, or make transactions.   Nature of the Issue According to a statement from Capital One, the outag

  Trump equates trade deficits with financial losses, a perspective economists generally refute. A trade deficit simply means the country imports more than it exports, not that it's losing money. For example, the U.S. had a $67.9 billion trade deficit with Canada in 2023, far less than Trump's claim of "$200 billion." Economist Gary Clyde Hufbauer's analogy highlights this

DCM Shriram Ltd. has scheduled a Board of Directors meeting on January 18, 2025, to discuss various financial matters, including the potential payment of a second interim dividend for the fiscal year 2024-25. The company will also review its unaudited financial results for both its standalone and consolidated entities for the quarter and nine months ending December 31, 2024. The record date for the second interim dividend, if approved, will be January 24, 2025, with payment expected