CSR, since its 2014 inception, has expanded significantly, with businesses actively investing in social impact. ESG is gaining traction, emphasizing environment, social factors, and governance. The Times of India will host a Social Impact Summit on July 11-12, 2025, in Mumbai, presented by Malabar Gold & Diamonds, with Ernst & Young as knowledge partner.
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A recent government report suggests that numerous UFO sightings in the US may be attributed to military disinformation campaigns and covert operations rather than extraterrestrial encounters. The All-domain Anomaly Resolution Office (AARO) uncovered strategies used since the Cold War, including staged evidence and misleading briefings, to obscure classified aircraft programs.
India's foreign exchange reserves witnessed a substantial increase of $5.17 billion, reaching $696.65 billion for the week ending June 6, reversing the previous week's decline. This surge was fueled by gains in foreign currency assets and a significant rise in gold reserves. The robust reserve position is expected to bolster the RBI's efforts to stabilize the rupee amidst global volatility.
Google is reportedly cutting ties with Scale AI after Meta's significant investment, raising data security concerns among major clients like Microsoft and xAI. These companies fear proprietary data exposure to a competitor. Google, initially planning a $200 million payment to Scale this year, is actively shifting its workload to rivals, potentially impacting Scale's operations.
Following the Air India plane crash, the Turkish government refuted claims that Turkish Technic maintained the Boeing 787-8 Dreamliner involved. Agreements between Air India and Turkish Technic, set for 2024-25, only cover maintenance for B777 aircraft, not the 787-8. Air India plans to reduce reliance on Turkish Technic amid strained relations.
Amid rising tensions and stalled nuclear negotiations, the US is reducing its diplomatic and military presence in the Middle East. The State Department ordered nonessential staff to depart from Baghdad and authorized optional departures from Bahrain and Kuwait. The military is also allowing voluntary departures of dependents as regional instability looms and the IAEA considers censuring Iran.
The Kerala High Court has criticized the Union government for its delayed response regarding loan waivers for victims of the July 2024 landslides in Wayanad. The Centre cited the omission of a section in the Disaster Management Act as a reason for its inaction.
Following the recent Air India crash, the airline's Boeing 787 Dreamliner fleet is undergoing urgent safety checks as directed by the DGCA. The government has formed a high-level committee to investigate the crash and recommend aviation safety reforms, with a report due by September 13. Air India will provide interim compensation to the families of the deceased and the survivor.
Israel launched a military operation, "Rising Lion," targeting Iran's nuclear and military installations, including the Natanz facility, in response to concerns over Iran's nuclear program. The strikes resulted in the deaths of high-ranking Iranian military officials and nuclear scientists. Iran retaliated with drone launches, and Supreme Leader Khamenei warned of severe consequences, escalating tensions between the two nations.
Following the AI-171 crash outside Ahmedabad airport, videos have surfaced sparking questions among aviation experts. Pilots are questioning why the landing gear wasn't retracted, and if a dual engine failure occurred due to fuel issues. The final investigation report, due next year, will provide detailed analysis.
Following the detection of glitches in SpaceX's Falcon-9 rocket, Isro prioritized astronaut safety, leading to launch delays for the Axiom-4 mission, which includes Group Captain Shubhanshu Shukla. Isro, under Chairman V Narayanan, emphasized the need to resolve a liquid oxygen leak and control actuator issue before proceeding. Partners decided to postpone the launch for repairs and validation, ensuring crew well-being.