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Concert economy: Government launches Live Events Development Cell; aims to make India global hub by 2030 – The Times of India

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Concert economy: Government launches Live Events Development Cell; aims to make India global hub by 2030 – The Times of India


The ministry of information and broadcasting has set up a Live Events Development Cell (LEDC) to support the structured growth of India’s live entertainment industry and strengthen the country’s emerging concert economy, according to an official release.The LEDC will function as a single-window facilitation mechanism aimed at streamlining processes for the sector and positioning India among the world’s leading live entertainment destinations by 2030. The move comes at a time when the organised live events market has expanded rapidly, with the sector valued at Rs 20,861 crore in 2024 and growing at 15 per cent. It is expected to maintain a compound annual growth rate of 18 per cent, outpacing several traditional media segments.The cell was constituted in July 2025 under the directions of Union information and broadcasting minister Ashwini Vaishnaw. It brings together representatives from the Central and State governments, industry bodies and major event companies to coordinate policy support and sectoral expansion.The initiative follows Prime Minister Narendra Modi’s address at the WAVES Summit in May 2025, where he highlighted the live entertainment industry’s untapped potential as a driver of investment, tourism and cultural influence. According to the ministry, the sector currently supports over 10 million jobs, with a single large-format event generating more than 15,000 direct and indirect employment opportunities.Tier-2 and Tier-3 cities are increasingly emerging as key growth centres. Citing a BookMyShow report for 2025, the ministry said Visakhapatnam saw a 490 per cent rise in live entertainment footfalls, while Shillong and Guwahati recorded growth of 213 per cent and 188 per cent, respectively. Overall consumption across music concerts, sports and theatre rose by 17 per cent, with more than five lakh people travelling to other cities to attend events, reported news agency ANI.Industry participants say the presence of global artistes alongside large domestic tours reflects growing market maturity. To address infrastructure gaps and ease of doing business, the ministry has also formed a Joint Working Group with private stakeholders, including District by Zomato. The LEDC aims to double the sector’s size, generate 15–20 million jobs and place India among the top five global live entertainment hubs.



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IT And Cybersecurity Stocks To Be Watched As Claude Code Security Rattles US Market

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IT And Cybersecurity Stocks To Be Watched As Claude Code Security Rattles US Market


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Anthropic launched Claude Code Security to scan code for vulnerabilities. Cybersecurity stocks in US dropped over concerns AI could disrupt the industry.

Claude Code Security Impact: IT, Cybersecurity Shares May See Action On Monday

Claude Code Security Impact: IT, Cybersecurity Shares May See Action On Monday

IT and cybersecurity stocks in India may see action on Monday, February 23 when the market opens, as AI firm Anthropic launched Claude Code Security, a new capability built into Claude Code on the web.

The new feature scans codebases for security vulnerabilities and suggests targeted software patches for human review, allowing teams to find and fix security issues that traditional methods often miss.

What’s The Fear?

The new feature has posed a threat to IT and cybersecurity companies, as Claude Code will provide cybersecurity services to teams.

Companies may rely less on legacy scanning tools and cut spending on traditional enterprises.

“This is a pivotal time for cybersecurity. We expect that a significant share of the world’s code will be scanned by AI in the near future, given how effective models have become at finding long-hidden bugs and security issues,” Anthropic said in the blog.

Attackers will use AI to find exploitable weaknesses faster than ever. But defenders who move quickly can find those same weaknesses, patch them, and reduce the risk of an attack.

This has triggered a fear in the US market last week, in which cybersecurity stocks, including CrowdStrike, Palo Alto, Zscaler suffered a heavy sell-off.

CrowdStrike, US cybersecurity technology company, led the heavy beating with shares falling almost 8 per cent to $338.60 per share. Zscaler also dropped sharply by 5.47 per cent to $159.75 per share.

How Claude Code Security works

Rather than scanning for known patterns, Claude Code Security reads and reasons about your code the way a human security researcher would: understanding how components interact, tracing how data moves through your application, and catching complex vulnerabilities that rule-based tools miss.

Every finding goes through a multi-stage verification process before it reaches an analyst. Claude re-examines each result, attempting to prove or disprove its own findings and filter out false positives.

Findings are also assigned severity ratings so teams can focus on the most important fixes first.

Validated findings appear in the Claude Code Security dashboard, where teams can review them, inspect the suggested patches, and approve fixes.

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Market cap of six top-10 firms jump Rs 63,478 crore

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Market cap of six top-10 firms jump Rs 63,478 crore


New Delhi: The combined market valuation of six of India’s top-10 most valued companies rose by Rs 63,478.46 crore last week, with Larsen & Toubro and State Bank of India emerging as the biggest gainers. The broader market also ended the week on a positive note, as the 30-share BSE Sensex advanced 187.95 points, or 0.22 per cent.

Among the gainers, Larsen & Toubro saw its market capitalisation jump by Rs 28,523.31 crore to Rs 6,02,552.24 crore. State Bank of India added Rs 16,015.12 crore, taking its total valuation to Rs 11,22,581.56 crore. The market value of HDFC Bank climbed by Rs 9,617.56 crore to Rs 14,03,239.48 crore. Similarly, Life Insurance Corporation of India gained Rs 5,977.12 crore, pushing its valuation to Rs 5,52,203.92 crore.

Bajaj Finance also witnessed an increase in its market capitalisation by Rs 3,142.36 crore to Rs 6,40,387 crore. However, not all companies ended the week on a positive note. The market capitalisation of Bharti Airtel declined sharply by Rs 15,338.66 crore to Rs 11,27,705.37 crore.


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ICICI Bank also saw its valuation fall by Rs 14,632.10 crore to Rs 9,97,346.67 crore. The mcap of Infosys dropped by Rs 6,791.58 crore to Rs 5,48,496.14 crore, while Tata Consultancy Services lost Rs 1,989.95 crore, bringing its valuation down to Rs 9,72,053.48 crore.

The most-valued company in the country include HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, Tata Consultancy Services, Bajaj Finance, Larsen & Toubro, Life Insurance Corporation of India, and Infosys in the ranking of the top-10 most valued firms.

Meanwhile, commenting on Nifty technical outlook, experts said that from a levels perspective, 25,800 stands as the immediate resistance, followed by 26,000 and 26,200. “On the downside, key supports are located at 25,300 and 25,100. A decisive break below 25,000 could increase downside momentum and accelerate corrective pressure,” an analyst stated.



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PM Modi warns against ‘Digital Arrest’ scams, Urges citizens to keep KYC updated

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PM Modi warns against ‘Digital Arrest’ scams, Urges citizens to keep KYC updated


New Delhi: In his latest Mann Ki Baat address to the nation, Prime Minister Narendra Modi urged citizens to stay vigilant against growing digital scams that target unsuspecting users — especially those involving fraudulent claims of digital arrests or legal actions.

The Prime Minister also highlighted the importance of keeping Know Your Customer (KYC) information up to date across financial and digital platforms to avoid becoming a victim of fraud and to ensure seamless access to essential services.

What Are Digital “Arrest” Scams?


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Digital arrest scams are a type of online fraud where criminals send messages — typically through SMS, email or messaging apps — claiming that the recipient has been “digitally arrested” or faces some legal trouble. These messages often include:

Fake links

Threatening language

Instructions to click or respond immediately

Once a victim interacts with the link, attackers can steal personal data, banking information, or install malware on the device. PM Modi warned that such scams are increasing in frequency, and citizens should be wary of unexpected messages that create panic or urgency.

Why Keeping KYC Updated Matters

KYC — short for Know Your Customer — is a process used by banks, telecom companies, digital payment apps and financial institutions to verify a person’s identity. Updated KYC records help:

Prevent fraud and identity theft

Enable secure access to banking and financial services

Ensure government welfare and subsidy schemes reach the right beneficiaries

The Prime Minister reminded people that keeping KYC details updated makes it harder for fraudsters to misuse personal information and easier for individuals to access services without interruption.

Tips to Avoid Digital Scams

PM Modi shared practical advice for all citizens to protect themselves online:

Don’t click on suspicious links — especially from unknown senders or unexpected messages.

Verify messages claiming legal issues — contact official authorities instead of reacting to urgent claims.

Use secure apps and websites — check URLs carefully and only use trusted platforms.

Regularly update passwords and security settings — avoid sharing OTPs or passwords with anyone.

The emphasis was on caution and common sense — an informed user is a safer user.

Broader Digital Awareness

Digital scams are not limited to arrest threats. Other common fraud tactics include:

Fake investment or win-money schemes

Fraudulent job offers

Phone call impersonations

Fake customer care messages

By staying alert and informed, citizens can spot red flags and report suspicious activity swiftly.

PM’s Message on Digital Safety

In his address, the Prime Minister emphasized that the digital revolution — from online banking to mobile payments and e-commerce — has brought tremendous convenience, but it also requires responsible use. While technology empowers users, it also opens opportunities for misuse if proper precautions aren’t taken.

Citizens were encouraged to educate family members, especially the elderly or less digitally fluent, about common scam patterns and digital safety measures.

Keep KYC Status Current

Updating your KYC might feel like a small administrative task, but PM Modi highlighted it as a key defense against fraud. Many services — such as bank accounts, mobile connections, insurance policies, mutual funds, and digital wallets — require up-to-date KYC to function smoothly.

Failing to update KYC can lead to:

Account blocks or freezes

Inability to receive government transfers or benefits

Greater risk of identity misuse

Regularly checking KYC status and updating it when required protects both your financial accounts and digital credibility.

The Bottom Line

In his Mann Ki Baat message, Prime Minister Narendra Modi delivered a simple but powerful point: stay alert, stay informed, and keep your digital and financial details updated. In an era where scams evolve rapidly, proactive citizens are the first line of defense.

By understanding common threats and following basic security practices — such as avoiding suspicious links and maintaining updated KYC — Indians can enjoy the benefits of digital connectivity without falling victim to fraud.



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