
New Delhi: As China has unveiled two new under development 'Sixth Generation' fighter jets that can give it a global aerial combat edge, the focus is firmly on capacity enhancement of the Indian Air Force which has been struggling to even reach its target for adequate 'Fourth Generation' combat jets. ET Year-end Special Reads Two sectors that rose on India's business horizon in 2024 2025 outlook: Is it time for cautious optimism or rekindling animal spirits? 2024: Govt moves ahead with simultaneous polls plan; India holds largest democratic exercise Even as the number of combat jets has hit an all-time low since 1965, the larger worry is that India has been facing significant delays from its major defence suppliers, the US and Russia, which has resulted in degraded combat capability. With the US, the inordinate delay in supply of GE 404 jet engines has led to major setback for the Light Combat Aircraft (LCA Mk1a) programme that was meant to replace retiring MiG 21 fighter jets. Deliveries for these jets - 83 were ordered in 2021 - was to start this year but is being pushed well into 2025 as GE has been unable to supply the jet engines due to disruptions in its supply chains, particularly in South Korea. With Russia, the problem is on the other spectrum of aerial warfare - anti air defence systems. India had ordered five regiments of S400 long-range air defence systems. While all were to be delivered by 2023, till now only three have arrived. There is no clarity on when the last two will be delivered, with a possibility that the waiting period could extend to 2026. Both delays are being attributed to disruptions in supply chains - a recurring theme for defence suppliers in recent years with the twin hits of the Covid-19 crises and a spate of regional conflicts like the Russia-Ukraine war and trouble in West Asia. Creating indigenous options and establishing a robust aero-defence ecosystem is the way forward but things have moved at a slow pace in recent years. While Hindustan Aeronautics Limited has commenced manufacturing the LCA Mk1a, new programmes like a Mk2 version of the aircraft and a future 'Advanced Multirole Combat Aircraft' are years away from even a prototype flying, much less serialised production to meet air force requirements. 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An engine is at the very core of a combat aircraft right from the design stage and India has been unable to select a foreign partner for the ambitious plan to develop an engine with at least 110 kN of power. A lucrative offer from France to co-develop the engine has been in cold storage for the past eight years, while another from the UK has been languishing as well with no forward movement. These, and other issues like how to proceed with procuring new Multi Role Fighter Aircraft and aerial refuellers, are to be addressed by a new committee set up in the defence ministry that has its task cut out as Indian aerial capacity is degrading while China has been on overdrive. (You can now subscribe to our Economic Times WhatsApp channel )
The idyllic holiday scene — piles of presents, smiles all around — rarely matches reality. Who among us hasn’t faced the awkward silence of a gift that falls flat? Who hasn’t been disappointed by one we’ve received? Why then, do we get it wrong so often? Why are we so bad at giving gifts? I’ve researched these questions through the lens of social psychology, trying to understand the psychological science of gift giving in hopes of helping gift givers make better choices. And the good news is that after 10 years, we have some answers that could help every gift giver make better choices. ADVERTISEMENT The first thing to appreciate is that even though we all act as gift givers and gift recipients, we don’t typically do so at the same time: Even when exchanging gifts, we are thinking like a giver in advance, and then thinking like a recipient in the moment. This creates what is called an empathy gap. In short, when we are acting in one capacity, say as a gift giver, we typically do not consider or empathize with what it would be like to be a gift recipient. We apply a totally different psychology to gift giving than we do to gift receiving. This can be as simple as considering what matters most to gift givers and recipients. When we give gifts, what we tend to believe matters most is the moment of the gift exchange — the moment when a recipient unwraps their gift and sees it for the first time. We want that big “wow” moment where we see a huge smile and know that we’ve done a good job. The problem is that this moment, the big reveal, typically lasts for just a few seconds, but the recipient is stuck with the gift for much longer. What we know matters to the recipient, instead, is much less the moment of exchange, but rather the entirety of the gift’s ownership. Consider a novelty gift like a mug with a witty phrase like “World’s Best Procrastinator.” That’s sure to make someone chuckle when they see it, but then it’ll probably sit in their pantry collecting dust for who knows how long. Or consider a tchotchke that is intended to help decorate a home. It may spark excitement at first, but then the recipient is left with fitting it into the décor of their home ... no small task, and often an unwanted chore. Some gifts can leave a great first impression, but then fall flat later on. As gift givers, we need to think about the long-term implications of a gift, because that is what recipients truly value. As uninspired as it sounds, something like a toaster oven can be an amazing gift because it will be useful. It might not be the most exciting gift when it is opened, but your recipient will think fondly of you every time they use it. Beyond the useful, it’s important to consider that recipients care more about thoughtfulness than just about anything else. After all, what is a gift if not a way to show someone that you care about them and are thinking of them? What that implies, and what the science of gift giving endorses, is that cost is not what dictates how much a recipient loves a gift. In fact, research suggests that there is virtually no relationship between the price of a gift and how much a recipient likes it. Instead, what recipients value is something thoughtful. That can be a freshly baked batch of cookies, or a nicely framed photograph of a treasured shared past experience, or even just a sincerely written note on a holiday card. Science tells us that recipients value the care a giver puts into their gift, and not its cost. We can take this one step further and appreciate that thoughtfulness doesn’t come only on holidays and special occasions like birthdays. Instead, one can be thoughtful any day of the year! And what we’ve learned is that thoughtfulness on random days — not special occasions — is much easier to convey. A gift given out of the blue shows a recipient that they are being thought of not just on, say, their birthday, but all the time. These “just because” gifts are seen to be far more valuable to recipients than those that they receive at moments when they are expecting to be given gifts, such as holidays. Putting this all together, science shows us that the best way to give great gifts is to stop thinking like a gift giver, and instead start thinking like a gift recipient. We’ve all been in that role before, so consider what gifts worked for you and take it from there. Appreciate that being stuck with a bad gift is far from ideal and that the gifts we cherish most are the ones that make us feel cared for. If you can apply these lessons to your own gift giving, your recipients are sure to smile not just when they unwrap your gift, but when they treasure it for years to come. ADVERTISEMENT ______________________________________________________ This story was written by one of our partner news agencies. Forum Communications Company uses content from agencies such as Reuters, Kaiser Health News, Tribune News Service and others to provide a wider range of news to our readers. Learn more about the news services FCC uses here .
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AAP FACTCHECK – Fake news headlines about celebrity and company boycotts of states Donald Trump won in the US election are being shared on social media as if they’re authentic. The headlines, however, can be traced back to articles published by self-described satire websites SpaceXMania and Esspots. Facebook posts claim US pop superstar Taylor Swift, who endorsed the president-elect’s opponent Vice President Kamala Harris, is boycotting “red states”. Other posts claim fellow pop superstar Beyonce Knowles is also snubbing states that weren’t won by her preferred candidate, Harris. However, the headline about Swift and the one about Knowles were initially published on self-described “satire” websites. AAP FactCheck previously reported that Pakistani content creator Muhammad Shabayer Shaukat ran both websites. Mr Shaukat said at the time his articles – most of which are generated by artificial intelligence (AI) – were deliberately celebrity- and politics-focused in order to drive user engagement and generate ad revenue using a network of social media pages he also operated. Stories published on his websites and Facebook pages are labelled “SATIRE”. Neither Swift nor Knowles have publicly announced any boycott of states based on which presidential candidate won them in the election. Knowles isn’t currently touring, and Swift only has dates in Canada remaining on her Eras tour . The final US performance of the tour was in Indianapolis on November 3, two days before the election. Facebook posts , however, feature headlines from the fake articles about Swift’s supposed “Blue States Only” tour, and others share incorrect headlines about Knowles, without satire labels. Other fake articles published on Mr Shaukat’s websites and Facebook pages are being shared as authentic news in posts about Barbara Streisand , Robert de Niro and Bruce Springsteen , and “movie stars” in general , emigrating from the US. Facebook posts about Target relocating its stores from states won by Trump and other posts claiming fuel prices had fallen in Republican-leaning states were initially published by Mr Shaukat with satire labels. AAP FactCheck , Reuters Fact Check , PolitiFact and AFP Fact Check have previously debunked posts referencing Mr Shaukat’s articles without any label or mention that they were fake. All information, text and images included on the AAP Websites is for personal use only and may not be re-written, copied, re-sold or re-distributed, framed, linked, shared onto social media or otherwise used whether for compensation of any kind or not, unless you have the prior written permission of AAP. For more information, please refer to our standard terms and conditions .Adcetera's creative partnership with Roborock sends the S8 MaxV Ultra into space HOUSTON , Dec. 23, 2024 /PRNewswire/ -- Adcetera, a Houston -based digital marketing agency, announces the launch of a historic video campaign in partnership with Roborock , one of the world's leading robot vacuum brands. The campaign, centered around the theme "Beyond Limits," culminated in the Roborock S8 MaxV Ultra being launched 120,000 feet above the Earth, making it the first robot vacuum in space. When Roborock began searching for an agency to develop a video campaign around their hashtag, #BeyondLimits, Adcetera's creatives stepped in to develop a narrative that could bring those two words to life. The resulting social media campaign features three scientists frustrated by outdated cleaning tools. Their solution? Invent the Roborock S8 MaxV Ultra. After putting the vacuum through a series of "Beyond Limits" tests, the scientists take it one step further and launch it into space. The collaboration included partnering with Sent into Space, a UK-based company specializing in sending objects into the upper stratosphere. On September 17, 2024 , the Roborock S8 MaxV Ultra successfully launched from Sheffield, UK , reaching 120,000 feet above Earth and enduring extreme temperatures, thus proving the product's endurance and innovation. The project involved building a unique laboratory set, sourcing talent and hundreds of props, a post-production that included multiple special effects, and coordinating an international space launch — all executed with precision to ensure the project stayed on schedule, within budget, and within scope. Stella Lin , Marketing Specialist at Roborock, praised the collaboration: "It was a pleasure collaborating with Adcetera on these projects. I believe they not only demonstrate Roborock's exceptional product quality and groundbreaking achievements, but also serve as a strong testament to Adcetera's professional expertise." To date, the video series has collectively garnered tens of millions of views across Facebook, Instagram, and YouTube. "We're proud of how our team turned a larger-than-life idea — an idea that felt almost impossible — into reality," said Adcetera's Chief Creative Officer Rowan Gearon . "We're pushing creative boundaries just like Roborock pushes the limits of technology." About Adcetera Adcetera is a full-service, integrated digital marketing agency with an obsession to deliver innovative solutions that drive growth for brands. Headquartered in Houston, TX , with offices in Chicago, IL and The Woodlands, TX , they are a distinctively diverse team of innovators, creators, and leaders from around the world, deeply proud of the award-winning work and the ongoing value provided to brands, businesses, and communities for over 40+ years. Adcetera is a privately held, WBENC-certified, HUB-certified, woman-owned business. For more information visit adcetera.com . Follow on LinkedIn . Adcetera – Strategic. Creative. People. About Roborock Roborock is a leading smart cleaning brand renowned for its intelligent cleaning solutions. With a steadfast dedication to becoming a global leading smart appliance player, Roborock enriches lives with its innovative line of robotic, cordless, wet/dry vacuum cleaners, and washer-dryers. Rooted in a user-centric approach, our R&D-driven solutions cater to diverse cleaning needs in over 15 million homes across 170+ countries. Headquartered in Beijing and with strategic subsidiaries in key markets, including the United States , Japan , the Netherlands , Poland , Germany , and South Korea , Roborock is dedicated to elevating its market presence worldwide. For more information, visit https://global.roborock.com/. View original content to download multimedia: https://www.prnewswire.com/news-releases/roborock-makes-history-with-out-of-this-world-video-campaign-302338415.html SOURCE ADCETERA
‘Every attack makes us stronger’: Gautam Adani denies US bribery allegations
NEW YORK , Dec. 23, 2024 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: Altair Engineering Inc. (NASDAQ: ALTR)'s sale to Siemens for $113.00 per share in cash. If you are an Altair shareholder, click here to learn more about your legal rights and options . Sandy Spring Bancorp (NASDAQ: SASR)'s sale to Atlantic Union Bankshares Corporation for 0.900 shares of Atlantic Union common stock for each share of Sandy Spring . If you are a Sandy Spring shareholder, click here to learn more about your rights and options . Atlantic Union Bankshares Corporation (NYSE: AUB)'s merger with Sandy Spring Bancorp. If you are an Atlantic shareholder, click here to learn more about your rights and options . Cyclo Therapeutics, Inc. (NASDAQ: CYTH)'s merger with Rafael Holdings, Inc. If you are a Cyclo shareholder, click here to learn more about your rights and options . Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits on behalf of shareholders. We would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses. Shareholders are encouraged to contact the firm free of charge to discuss their legal rights and options. Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email sadeh@halpersadeh.com or zhalper@halpersadeh.com . Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors. Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Halper Sadeh LLC Daniel Sadeh, Esq. Zachary Halper, Esq. (212) 763-0060 sadeh@halpersadeh.com zhalper@halpersadeh.com https://www.halpersadeh.com View original content to download multimedia: https://www.prnewswire.com/news-releases/shareholder-investigation-halper-sadeh-llc-investigates-altr-sasr-aub-cyth-on-behalf-of-shareholders-302338489.html SOURCE Halper Sadeh LLPA 9th telecoms firm has been hit by a massive Chinese espionage campaign, the White House saysIn a firm rebuttal to recent allegations leveled against the Adani Group, Chairman Gautam Adani asserted the strength and resilience of his conglomerate during a speech at the 51st India Gem and Jewellery Awards in Jaipur. Addressing the claims of non-compliance practices at Adani Green Energy by US authorities, Adani emphasized that past challenges have fortified the group. Highlighting historical allegations, including a short-selling attack by US-based Hindenburg, Adani described these as attempts that targeted both financial stability and sparked political controversies. Despite the obstacles, the Adani Group raised 20,000 crore rupees through a successful Follow-on Public Offering, and later returned the proceeds, further reinforcing the group's financial integrity by lowering its Debt to EBITDA ratio. Reflecting on long-term resilience, Adani cited the Adani Group's record-breaking financial performance and successful international ventures like the coal mine in Australia. The chairman communicated acceptance of challenges as part and parcel of pioneering innovation, urging the incorporation of technology, sustainability, and youth empowerment to shape India's future trajectory. (With inputs from agencies.)
The New York Giants have blasted ESPN’s Elle Duncan after she mocked player Daniel Jone for his statement upon leaving the team. On Thursday, Duncan read a statement to the press as the team’s press conference opened, saying that it was his dream to have played with the Giants. “The opportunity to play for the New York Giants was truly a dream come true. I’m extremely grateful to the Mara and Tisch families for the chance to play here. The Giants are truly a first-class organization, and I have nothing but genuine respect and appreciation for the people who have built it and the people who carry on that tradition,” he said. Duncan, though, found the statement mockworthy during her “Taking the Elle” segment on ESPN’s “SportsCenter.” “We normally reserve ‘Taking the Elle’ for Fridays, but Giants quarterback Daniel Jones just did something so inexplicable that we made an exception,” Duncan said during the segment. “After being benched this week, Jones took to the podium to say goodbye to the franchise and fans but with, like, seven games left in the season.” Then she quipped, “I’m sorry, you have to write this down? Didn’t you go to Duke?” “Do you guys think he had this saved in his notes since, like, 2020? In all seriousness, DJ, I could have saved you like 90 seconds. A re-write: ‘Sorry you paid me $108 million for one playoff win. And I look forward to reviving my career as Brock Purdy’s backup.’ The end,” Duncan exclaimed. But after Duncan’s ribbing, Giants Senior Vice President of Communications Pat Hanlon took to social media to express his shock at the attack. “That an #ESPN personality would mock Daniel Jones’ statement today is mind boggling. Given what has happened at that company over past few years, tone deaf,” Hanlon wrote on X. According to Stephen A. Smith, the Giants organization also contacted ESPN to take a potshot at Duncan. In the hours after her rant, Duncan became the object of much social media mocking as fans joined the backlash against her. The attacks apparently stung Duncan enough that she tried to respond and, on Friday, struck back at those claiming she was being disrespectful to Daniel Jones. Follow Warner Todd Huston on Facebook at: facebook.com/Warner.Todd.Huston , or Truth Social @WarnerToddHustonBills defense out to prove against high-scoring Lions that it's better than its dud vs. Rams