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JSW Group is in talks with multiple potential partners, including Chinese majors like Geely and BYD, in a quest to launch electric cars and e-trucks under its own brand, multiple people aware of the plans said. The Sajjan Jindal-owned group is looking for collaboration/s that may include potential licensing agreement or technology transfer for a full-fledged mobility company in addition to the existing JV it has with China's SAIC Motor, they said. ET Year-end Special Reads What kept India's stock market investors on toes in 2024? India's car race: How far EVs went in 2024 Investing in 2025: Six wealth management trends to watch out for With "high ambitions in the EV space," JSW has been holding "discussions with multiple established industry players in China" and the final plans-including the nature and areas of collaborations-are expected to be firmed up in 2025, one of the sources said. The paint-to-steel conglomerate has even selected platforms-two each for electric cars and commercial vehicles-for its own EV drive, people cited above said. The business is likely to be housed under JSW Green Mobility . Though the existing JV, JSW MG Motor India will have synergies with JSW Green Mobility, the two will have independent operations, the sources said. Queries related to the new business plan and talks with Geely and others sent to JSW over a week ago remained unanswered till the publishing of this report. 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BYD has a direct presence in India's emerging EV market. Led by electric two and three wheelers, India's EV market reached 1.87 million units in the first 11 months of 2024 and may end the year just short of the 2-million mark. JSW Green Mobility plans to invest ₹27,200 crore in central Maharashtra's Chhatrapati Sambhajinagar to make electric and hybrid cars. It would produce 500,000 electric cars and 100,000 commercial vehicles per annum. This was one among the seven projects approved by the state Cabinet in September 2024. In September, it appointed Rajiv Mehta as the chief of business. It has also hired Manoj Surana, a senior executive from electric bus maker Olectra Greentech , as head of homologation and technical. Nominations for ET MSME Awards are now open. The last day to apply is December 31, 2024. Click here to submit your entry for any one or more of the 22 categories and stand a chance to win a prestigious award. (You can now subscribe to our Economic Times WhatsApp channel )Baker Mayfield threw for five touchdowns and the Tampa Bay Buccaneers stayed in the race atop the NFC South by pounding the visiting Carolina Panthers 48-14 on Sunday afternoon. Mike Evans and Jalen McMillan both caught two TD passes and Bucky Irving rushed for 113 yards as Tampa Bay's second victory of the month against Carolina came much easier than the road version in overtime. Mayfield completed 27 of 32 passes for 359 yards and Evans caught eight balls for 97 yards. The Buccaneers (9-7) collected 551 yards of total offense. The Panthers (4-12) have lost five of their last six despite Bryce Young throwing two touchdown passes to Adam Thielen (five catches, 110 receiving yards). Young finished 15-for-28 passing for 203 yards, but Carolina managed only 39 rushing yards as it played without injured top running back Chuba Hubbard. Both of Mayfield's TD tosses to Evans were short (2 yards, 1 yard). Mayfield's scoring throws to McMillian covered 10 and 16 yards. He also had a 5-yard throw to Payne Durham to open the second-half scoring. The Buccaneers also scored off J. J. Russell's blocked punt return during a 25-second span of the third quarter when they racked up 14 points. Chase McLaughlin kicked field goals of 23 and 34 yards for the Buccaneers, who need to finish with a better record than the Atlanta Falcons in the divisional race because the tiebreaker favors Atlanta, which plays at Washington on Sunday night. Tampa Bay hosts New Orleans next weekend, while Carolina plays at Atlanta. After scoring on its first possession, Carolina's next three series on offense resulted in a total of minus-6 yards and three punts. The Buccaneers cashed in for 17 points following those defensive stops. The Panthers perked up by going 70 yards in 21 seconds to score on Young's 40-yard pass to Theilen with 50 seconds left in the half. They got the ball back following a Tampa Bay punt, and were in position to post 10 points in the last minute of the half until Eddy Pineiro's 53-yard field goal attempt was off the mark. Carolina has surrendered more points this year than in any season in franchise history, though Tampa Bay came four points shy of matching the most points ever allowed by the Panthers in a game. --Field Level Media
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The Municipal Corporation of Delhi (MCD) plans to build nine furnaces in non-conventional CNG and electric green crematoriums next year as green cremations now comprise 9% of the total cremations in the Capital every year, officials said on Sunday. According to public health department data, cremations at non-conventional sites have almost doubled in Delhi since the Covid-19 outbreak — from 3-5% of total cremations before the pandemic to 9% now. “There are 21 CNG/electric furnaces operational across Delhi. The number has grown manifold since the Covid-19 pandemic. We are further planning to increase capacity by adding nine furnaces in the next year,” a senior MCD official said. Of the 132,391 people who died in Delhi in 2024 so far, 111,364 were cremated. Of these cremations, 9% (around 10,000) were carried out using non-conventional funeral mechanisms — CNG and electric furnace. MCD said that a traditional cremation uses 400-500kg of wood, and all such cremations in Delhi use up 45,600 tonnes of wood per year. “Each green cremation saves 400-500kg of wood. In 2024 this meant the saving up of 4,500 tonnes of wood,” the official cited above said. A second MCD official said that the number of green furnaces will also increase as part of an ongoing revamp of funeral sites. “The Lodhi Road crematorium is currently being upgraded. It has one electric furnace, and a second non-functional unit will be replaced and made operational. More CNG furnaces will be added to sites such as the Rohini crematorium and Sarai Kale Khan crematorium, which are being redeveloped,” the official said. Of the 21 green furnaces operated by MCD, three are electric — one at Lodhi Road and two at Sarai Kale Khan — and the rest are CNG sites such as the Nigambodh Ghat, Punjabi Bagh, Green Park, Ghazipur, and Karkardooma, among others. “The pandemic has catalysed growth of alternative cremation methods in Delhi with a trend thrust towards more CNG-based crematoria furnaces. Instead of having just two available CNG crematoria at Nigambodh Ghat and Punjabi Bagh Shamshan Bhumi, Delhi has developed new units in Green Park, Karkardooma, Subhash Nagar, and Ghazipur, while the number of furnaces has also been doubled in the Nigambodh and Punjabi Bagh facilities. New units are being added to Rohini, Keshopur, Dakshinpuri and Mangolpuri,” the second official added. A 2016 source apportionment study by Indian Institute of Technology (IIT), Kanpur assessed 53 cremation sites and found that they are adding 4% of toxic carbon monoxide emissions in Delhi’s environment. The study concluded that cremations were daily releasing more than 2,129kg carbon monoxide, 33kg of sulphur dioxide, 346kg of PM10 and 312kg of PM2.5 dust particles into the air. While hearing a 2016 case, the National Green Tribunal had directed the environment ministry and the Delhi government to provide alternative modes of cremation, saying that the “traditional method of wooden pyres emitted hazardous pollutants into the environment.”
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Insurgents reach gates of Syria’s capital, threatening to upend decades of Assad rule BEIRUT (AP) — A Syrian opposition war monitor and a pro-government media outlet say government forces have withdrawn from much of the central city of Homs. The pro-government Sham FM reported that government forces took positions outside Syria’s third-largest city, without elaborating. Rami Abdurrahman who heads the Britain-based Syrian Observatory for Human Rights, said Syrian troops and members of different security agencies have withdrawn from the city, adding that rebels have entered parts of it. Losing Homs is a potentially crippling blow for Syria’s embattled leader, Bashar Assad. An archbishop's knock formally restores Notre Dame to life as winds howl and heads of state look on PARIS (AP) — France’s iconic Notre Dame Cathedral has formally reopened its doors for the first time since a devastating fire nearly destroyed the 861-year-old landmark in 2019. The five-year restoration is widely seen as a boost for French President Emmanuel Macron, who championed the ambitious timeline, and brings a welcome respite from his domestic political woes. World leaders, dignitaries, and worshippers gathered on Saturday evening for the celebrations under the cathedral's soaring arches. The celebration was attended by 1,500 dignitaries, including President-elect Donald Trump, Britain’s Prince William, and Ukrainian President Volodymyr Zelenskyy. For Catholics, Notre Dame’s rector said the cathedral “carries the enveloping presence of the Virgin Mary, a maternal and embracing presence.′′ Trump is welcomed by Macron to Paris with presidential pomp and joined by Zelenskyy for their talks PARIS (AP) — French President Emmanuel Macron has welcomed Donald Trump to Paris with a full dose of presidential pomp. And they held a hastily arranged meeting with Ukraine’s Volodymyr Zelenskyy on a day that's mixing pageantry with attention to pressing global problems. The president-elect's visit to France is part of a global a celebration of the reopening of Notre Dame Cathedral five years after a devastating fire. Macron and other European leaders are trying to win Trump’s favor and persuade him to maintain support for Ukraine in its defense against Russia’s invasion. Trump isn't back in office but he's already pushing his agenda and negotiating with world leaders NEW YORK (AP) — Donald Trump is making threats, traveling abroad, and negotiating with world leaders. He has more than a month-and-a-half to go before he’s sworn in for a second term. But the president-elect is already moving aggressively to not only fill his Cabinet and outline policy goals, but also to try to achieve his priorities. In recent days, Trump has threatened to impose a 25% tariff on goods from Canada and Mexico, two of the country’s largest trading partners. That led to emergency calls and a visit. And he's warned of “ALL HELL TO PAY” if Hamas doesn't release the hostages still being held captive in Gaza. South Korea's president avoids an impeachment attempt over short-lived martial law SEOUL, South Korea (AP) — South Korea’s embattled President Yoon Suk Yeol has avoided an opposition-led attempt to impeach him over his short-lived imposition of martial law. Most of Yoon's ruling party lawmakers boycotted a parliamentary vote Saturday to deny a two-thirds majority needed to suspend his presidential powers. The scrapping of the motion is expected to intensify protests calling for Yoon’s ouster and deepen political chaos in South Korea. A survey suggests a majority of South Koreans support the president’s impeachment. Yoon’s martial law declaration drew criticism from his own ruling conservative People Power Party. But the party also apparently fears losing the presidency to liberals. Days after gunman killed UnitedHealthcare's CEO, police push to ID him and FBI offers reward NEW YORK (AP) — Nearly four days after the shooting of UnitedHealthcare CEO Brian Thompson, police still do not know the gunman’s name or whereabouts or have a motive for the killing. But they have made some progress in their investigation into Wednesday's killing of the leader of the largest U.S. health insurer, including that the gunman likely left New York City on a bus soon after fleeing the scene. The also found that the gunman left something behind: a backpack that was discovered in Central Park. Police are working with the FBI, which on Friday night announced a $50,000 reward for information leading to an arrest and conviction. UnitedHealthcare CEO's shooting opens a door for many to vent frustrations over insurance The fatal shooting of UnitedHealthcare's CEO has opened the door for many people to vent their frustrations and anger over the insurance industry. The feelings of exasperation, anger, resentment, and helplessness toward insurers aren’t new. But the shooting and the headlines around it have unleashed a new wave of patients sharing such sentiments and personal stories of interactions with insurance companies. Conversations at dinner tables, office water coolers, social gatherings and on social media have pivoted to the topic. Many say they hope the new amplified voices can bring about change for companies often accused of valuing profits over people. 2 Pearl Harbor survivors, ages 104 and 102, return to Hawaii to honor those killed in 1941 attack PEARL HARBOR, Hawaii (AP) — The bombing of Pearl Harbor 83 years ago launched the United States into World War II. Two survivors returned to the Hawaii military base on Saturday for a remembrance ceremony on the attack's anniversary. Both are over 100 years old. They joined active-duty troops, veterans and members of the public for an observance hosted by the Navy and the National Park Service. A third survivor was planning to join them but had to cancel due to health issues. The bombing killed more than 2,300 U.S. servicemen. An explosion destroys an apartment block in a Dutch city, killing at least 3 and injuring others THE HAGUE, Netherlands (AP) — An explosion and fire has rocked a neighborhood in the Dutch city of The Hague, killing three people and injuring other people and destroying several apartments. The cause of the disaster is unclear. Emergency authorities said four people were rescued from the rubble and taken to the hospital. The mayor said rescuers were no longer looking for survivors but for eventual bodies, but could not specify how many people might still be unaccounted for. Residents of the northeastern neighborhood of Mariahoeve in The Hague heard a huge bang and screams before dawn. Dutch authorities have deployed a specialized urban search and rescue team to find victims. How 'Mufasa' rose with Aaron Pierre and Blue Ivy's voices along with new Lin-Manuel Miranda music SAN DIEGO (AP) — When Aaron Pierre was cast as Mufasa, the weight of following in the late James Earl Jones’ legendary footsteps was enough to rattle any actor. But instead of letting the pressure roar too loudly, he harnessed his nerves to breathe fresh life into his young lion character. Pierre found parallels between himself and his character while filming his leading role in “Mufasa: The Lion King,” which opens in theaters Dec. 20. He took the reigns as the new voice of Mufasa after Jones played the iconic King Mufasa in both the 1994 and 2019 versions of Disney’s “The Lion King.” The prequel offers a fresh exploration into Mufasa’s origin story.
Share Tweet Share Share Email Managing budgets effectively is more critical than ever. Companies face increasing pressure to optimize their financial resources while maintaining operational efficiency. This is where automated budget allocation tools come into play. These innovative solutions not only simplify the budgeting process but also empower businesses to make data-driven decisions, leading to enhanced productivity and profitability . What Are Automated Budget Allocation Tools? Automated budget allocation tools are software solutions designed to allocate financial resources automatically based on predefined parameters and real-time data. Additionally, These tools utilize advanced technologies such as artificial intelligence (AI), machine learning (ML), and data analytics to streamline financial planning, forecasting, and expenditure tracking. Unlike traditional budgeting methods, which often involve manual calculations and are prone to human error, automated tools provide a more accurate and efficient approach. Furthermore, They help businesses manage their resources effectively by analyzing historical data, predicting future trends, and recommending optimal budget allocations . Key Features of Automated Budget Allocation Tools The growing adoption of these tools can be attributed to their robust features, which include: Real-Time Data Integration: Automated tools integrate seamlessly with existing financial systems, enabling real-time data synchronization. This ensures that budget allocations are always based on the most current information. Predictive Analytics: By leveraging ML algorithms, these tools can forecast future financial trends and help businesses prepare for potential challenges. Customizable Parameters: Users can define specific parameters and criteria, such as departmental priorities or project deadlines, to tailor the allocation process to their unique needs. Automated Reporting: Comprehensive reporting capabilities allow businesses to monitor budget utilization, identify discrepancies, and make informed adjustments. Collaboration Tools: Many platforms offer collaborative features that enable teams to work together on budgeting tasks, enhancing transparency and accountability. Benefits of Using Automated Budget Allocation Tools Adopting these tools c an revolutionize how businesses manage their finances. Here are some notable benefits: Increased Efficiency Manual budgeting processes can be time-consuming and labor-intensive. Automated tools reduce the administrative burden, allowing teams to focus on strategic initiatives instead of repetitive tasks. Thus, this increased efficiency translates to cost savings and improved resource utilization. Enhanced Accuracy Human errors in budgeting can lead to significant financial discrepancies. Automated tools mitigate this risk by using algorithms to perform precise calculations and detect anomalies in real-time. Better Decision-Making With access to actionable insights and predictive analytics, businesses can make informed decisions regarding resource allocation. This ensures that funds are directed toward high-impact areas. Scalability As businesses grow, so do their financial complexities. Automated budget allocation tools are designed to scale with an organization, accommodating evolving needs and expanding operations. Cost Optimization By identifying areas of overspending and underutilization, these tools help businesses optimize their budgets and maximize returns on investment. How Automated Tools Streamline Business Expenditures The implementation of automated budget allocation tools can significantly streamline business expenditures in various ways: Centralized Financial Management These tools consolidate all financial data into a single platform, providing a holistic view of the organization’s budget. This centralized approach simplifies management and enhances visibility. Improved Resource Allocation By analyzing data patterns and aligning expenditures with business goals, automated tools ensure that resources are allocated where they are needed most. This eliminates wasteful spending and boosts operational efficiency. Real-Time Adjustments Market conditions and organizational priorities can change quickly. Automated tools allow businesses to adapt by making real-time budget adjustments, ensuring agility and resilience. Compliance and Risk Management These tools often include features that ensure compliance with financial regulations. They also identify potential risks, enabling businesses to address them proactively. Streamlined Approval Processes Automated workflows simplify the approval process for budget requests, reducing delays and improving collaboration among stakeholders. Choosing the Right Automated Budget Allocation Tool Selecting the right tool is crucial to maximizing its benefits. Here are some factors to consider: Ease of Use A user-friendly interface ensures that teams can quickly adopt the tool without extensive training. Integration Capabilities The tool should seamlessly integrate with existing financial systems and software. Customization Options Look for a solution that offers flexibility to meet your organization’s specific needs. Scalability Choose a tool that can grow with your business and accommodate future requirements. Vendor Support Reliable customer support and regular software updates are essential for ensuring a smooth user experience. Overcoming Challenges in Implementation While the benefits of automated budget allocation tools are significant, implementing them can pose challenges. Common obstacles include: Resistance to Change:Employees may be hesitant to adopt new technologies. Providing proper training and highlighting the benefits can help overcome this resistance. Data Quality Issues: The accuracy of automated tools depends on the quality of the input data. Ensuring clean and accurate data is essential for optimal performance. Cost of : The initial investment in automated tools can be substantial. However, the long-term cost savings often outweigh the upfront expenses. Integration Challenges Integrating new tools with existing systems can be complex. Working with experienced vendors and IT professionals can facilitate a smooth transition. The Future of Budget Management As technology continues to advance, automated budget allocation tools are expected to become even more sophisticated. Emerging trends include: AI-Driven Insights Future tools will leverage advanced AI capabilities to provide deeper insights and more accurate predictions. Increased Automation Greater automation will further reduce manual intervention, enhancing efficiency and accuracy. Integration with IoT and Blockchain Integration with Internet of Things (IoT) devices and blockchain technology will improve transparency and security in financial transactions. Sustainability-Focused Budgeting Businesses will use these tools to allocate resources toward sustainable initiatives, aligning with environmental and social goals. Conclusion Automated budget allocation tools are transforming the way businesses manage their finances. By leveraging advanced technologies, these solutions enable organizations to optimize resources, reduce costs, and enhance decision-making. While implementation may present challenges, the long-term benefits make these tools an invaluable asset for any forward-thinking business. As the financial landscape evolves, embracing automation will be key to staying competitive and achieving sustainable growth . Related Items: Automated Budget Allocation Tools , financial management , Streamlining Business Expenditures Share Tweet Share Share Email Recommended for you Instant Payment Platforms for Freelancers: Getting Paid Quickly and Easily Consumer Finance: Tools for Navigating Everyday Financial Challenges Leveraging Technology for Financial Growth: Joseph Heimann of NJ’s Perspective CommentsTEL AVIV, Israel (AP) — Israeli Prime Minister Benjamin Netanyahu underwent successful surgery Sunday to have his prostate removed, hospital officials said, a procedure that came as he manages multiple crises including the war in Gaza and his trial for alleged corruption . Netanyahu, who has had a series of health issues in recent years, has gone to great lengths to bolster a public image of himself as a healthy, energetic leader. During his trial this month, he boasted about working 18-hour days, accompanied by a cigar. But as Israel's longest-serving leader, such a grueling workload over a total of 17 years in power could take a toll on his well-being. Netanyahu, 75, is among older world leaders including U.S. President Joe Biden, 82 , President-elect Donald Trump, 78 , Brazil's President Luiz Inácio Lula da Silva , 79, and Pope Francis , 88, who have come under scrutiny for their age and health issues. Netanyahu's latest condition is common in older men, but the procedure has had some fallout. The judges overseeing his trial accepted a request from his lawyer on Sunday to call off three days of testimony scheduled this week. The lawyer, Amit Hadad, had argued that Netanyahu would be fully sedated for the procedure and hospitalized for “a number of days.” Dr. Ofer Gofrit, head of the urology department at Jerusalem's Hadassah Medical Center, said in a video statement late Sunday that the procedure had gone well and “there was no fear” of cancer or malignancy. “We only hope for the best,” he said. In a statement, Netanyahu thanked his doctors. His office said he was "fully alert" and was taken to an underground recovery unit fortified against potential missile attacks. Netanyahu was expected to remain in the hospital for several days of observation. Justice Minister Yariv Levin, a close ally, served as acting prime minister during the operation. With so much at stake, Netanyahu’s health in wartime is a concern for both Israelis and the wider world. As Israel’s leader, Netanyahu is at the center of major global events that are shifting the Middle East . With the dizzying pace of the past 14 months, being incapacitated for even a few hours can be risky. Netanyahu will be in the hospital at a time when international mediators are pushing Israel and Hamas to reach a ceasefire in Gaza and as fighting between Israel and Yemen’s Iran-backed Houthi rebels intensifies . Prostate issues are common and in many cases easily treatable. Still, the procedure puts a dent in Netanyahu’s image of vigor at a time when he would want to project strength more than ever, both to an Israeli audience navigating constant threats as well as to Israel’s enemies looking to expose its weaknesses. Netanyahu insists he is in excellent health. His office releases footage of him touring war zones in full protective gear flanked by military officers, or meeting with defense officials on windswept hilltops in youthful dark shades and puffer jackets. But that image was shattered last year when Netanyahu’s doctors revealed that he had a heart condition , a problem that he had apparently long known about but concealed from the public. A week after a fainting spell, Netanyahu was fitted with a pacemaker to control his heartbeat. Only then did staff at the Sheba Medical Center reveal that Netanyahu has for years experienced a condition that can cause irregular heartbeats. The revelation came as Netanyahu was dealing with massive anti-government protests. The news about a chronic heart problem stoked further anger and distrust during extreme political polarization in Israel. Last year, Netanyahu was rushed to the hospital for what doctors said likely was dehydration . He stayed overnight, prompting his weekly Cabinet meeting to be delayed. Earlier this year, Netanyahu underwent hernia surgery , during which he was under full anesthesia and unconscious. Levin served as acting prime minister during the operation. According to Netanyahu’s office, the Israeli leader was diagnosed with a urinary tract infection on Wednesday stemming from a benign enlargement of his prostate. The infection was treated successfully with antibiotics, but doctors said the surgery was needed in any case. Complications from prostate enlargement are common in men in their 70s and 80s, Dr. Shay Golan, head of the oncology urology service at Israel’s Rabin Medical Center, told Israeli Army Radio. Golan spoke in general terms and was not involved in Netanyahu’s care or treatment. He said an enlarged prostate can block proper emptying of the bladder, leading to a build-up of urine that can lead to an infection or other complications. After medicinal treatment, doctors can recommend a procedure to remove the prostate to prevent future blockages, Golan said. In Netanyahu’s case, because the prostate is not cancerous, Golan said doctors were likely performing an endoscopic surgery, carried out by inserting small instruments into a body cavity, rather than making surgical cuts in the abdomen to reach the prostate. The procedure lasts about an hour, Golan said, and recovery is quick. He said that aside from catheter use for one to three days after the procedure, patients can return to normal activity without significant limitations. AP correspondent Isaac Scharf contributed reporting.