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Relief for advisers on performance data
Investment and research advisors can now share past performance data with clients, verified by chartered accountants, until a new agency is fully operational. This interim relief allows them to attract new business by showcasing historical results. However, this data will be shared one-on-one and not publicly.
Landslides reported from 3 dists
Heavy rainfall has triggered landslides in Ganjam, Gajapati, and Kandhamal districts, disrupting road communication to several villages. While roads have been cleared, a boundary wall of a temple was also damaged. Officials are working to restore connectivity and assess the extent of the damage.
Collectors asked to assess damage to paddy, other crops
Authorities have begun assessing crop damage caused by Cyclone Montha, with collectors tasked with a detailed micro-level survey to identify genuinely affected farmers. Compensation for paddy and house damages will be disbursed promptly. Meanwhile, the cyclone has weakened, and rainfall is expected to decrease across the state by Sunday.
TCS’ $6.5 billion AI infra play signals private capital surge
TCS is investing $6.5 billion in AI data centers, aiming to become the world’s largest AI-led services company. This move, funded by equity and debt, signals a push for capability building and preventing tech colonization. India’s data center capacity is set to surge, attracting significant private capital as demand for digital infrastructure intensifies.