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New Delhi, Dec 4 (PTI) India's services PMI marginally dipped to 58.4 in November while employment in the segment recorded robust growth, a monthly survey said on Wednesday.

The seasonally adjusted HSBC India Services Business Activity Index was down marginally to 58.4 from 58.5 in October as sales increased at a softer pace. Last month, the country's services PMI recovered from its 10-month low.

In the Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion, while a score below 50 denotes contraction.

"India posted a strong 58.4 services PMI in November, down only a fraction from the prior month's 58.5. During November, services sector employment notably grew at the fastest pace ever recorded since this survey began in 2005," Pranjul Bhandari, Chief India Economist at HSBC, said.

"The hiring surge reflected the sector's improving business confidence, growing new orders, and vigorous international demand. At the same time, high food and labour costs drove up input and output prices to their fastest rates in 15 months and nearly 12 years, respectively," Bhandari said.

Panellists of the survey continued to signal improving international demand for their services, while new export orders increased at the quickest rate in three months, but well below those seen around mid-year.

Private sector companies indicated that demand strength supported further growth of new business and output in November. Ongoing increases in sales continued to add to capacity pressures, which led firms to hire staff at the quickest pace since comparable data became available 19 years ago.

Paired with rising input prices, labour costs exerted upward pressure on inflation. Overall, expenses and output charges rose at the fastest rates in 15 months and almost 12 years, respectively.

This intensification of cost pressures reportedly prompted service providers to lift their own charges in November. The month's results signalled a pick-up in capacity pressures among service providers.

Service providers were more confident regarding the year-ahead outlook for business activity. Confidence reached its highest level since May, boosted by predictions of continued demand strength and expectations that marketing efforts will drive new business. PTI TRB DR

New Delhi [India], December 04: Ashok Kumar Didwania from Orissa became the lucky winner of this year's "I can also become a millionaire by planting a tree" campaign, which started from the holy land of Delhi, "Khatu Shyam Delhi Dham". On this occasion, the lucky draw was conducted in front of a huge crowd in the presence of Khatushyam Delhi Dham's National President Ghanshyam Gupta Javeri and his executive. Efforts are being made to contact the winner Ashok Kumar Didwania and inform him about it.

On this occasion, a large number of renowned social workers, industrialists, environmentalists and many dignitaries from the social and religious field participated, which included Swami Sanjiv Prakash Yogi, Delhi BJP Temple Cell Convenor Karnail Singh, S.K. Bothra, Jayanarayan Agarwal, S.S. Agrawal, Satish Ram Goyal, Ashwani Bansal, while highlighting this scheme and its utility, said that this scheme is one of the biggest schemes towards the environment, this scheme inspires people to plant trees as much as it encourages them to protect trees. The treeman of the country, Ghanshyam Gupta Javeri, really deserves congratulations and praise for such a unique and useful campaign in the country. Speaking on this occasion, Ghanshyam Gupta Javeri, National President of Khatu Shyam Delhi Dham, said that this scheme is inspired by the call of Prime Minister Narendra Modi "Ek Ped Maa Ke Naam" in which 80 crore trees were planted across the country. This call of Prime Minister Modi inspired me and I got this idea. In this, we emphasized that along with planting as many trees as possible, efforts should also be made on how to save trees. This thinking gave birth to this idea "I can also become a millionaire by planting trees". People from different states of the country planted trees and sent selfies to Khatu Shyam Delhi Dham. On this occasion, National General Secretary of Khatu Shyam Delhi Dham, Sanjeev Mittal, Ramesh Gupta, Pawan Singhal, National Treasurer, Madhu Goyal, Naveen Garg, Anil Gupta, Hansraj Renal, Dr. Naresh Gupta and other prominent people were present on the stage.

(Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI PWR

PWR

The cryptocurrency landscape is no stranger to breakthroughs. Shiba Inu demonstrated the power of community-driven memecoins, while Solana carved a niche as a high-performance blockchain for decentralized applications (dApps). As the industry continues to evolve, analysts are turning their focus toward the next big innovation that combines scalability, sustainability, and real-world utility. Lightchain Protocol AI, with its groundbreaking integration of artificial intelligence (AI) and advanced blockchain technology, is emerging as a top contender for December 2024. Its mainnet launch set for mid-2025 positions it as a blockchain primed for long-term growth and significant adoption. The Lightchain presale offers early investors a chance to secure Lightchain Tokens (LCAI) and get in on what could be the next big name in crypto.

Lightchain AI: Bridging Memecoins and High-Performance Blockchain

While Shiba Inu leveraged viral appeal and Solana focused on performance, Lightchain Protocol AI is taking a more balanced approach by addressing real-world challenges with innovative solutions. Its AI-driven blockchain offers a unique proposition that merges the benefits of memecoins and advanced blockchains.

• Proof of Intelligence (PoI): A New Approach to Consensus

Lightchain AI’s Proof of Intelligence (PoI) mechanism replaces traditional mining with AI-driven computations such as machine learning and data processing. This eco-friendly consensus model secures the network while contributing to advancements in AI technology.

• Artificial Intelligence Virtual Machine (AIVM): Smarter dApps

The AIVM enables developers to build dApps that integrate AI for predictive analytics, automation, and real-time decision-making. This makes Lightchain AI a versatile platform for industries beyond DeFi, including healthcare and logistics.

• Scalable and Reliable

Lightchain AI’s advanced sharding and Layer 2 scaling solutions ensure high transaction throughput, making it ideal for enterprise-level applications without compromising decentralization or security.

Why Analysts Are Predicting Big Things for Lightchain AI

1. Real-World Utility Over Hype

While Shiba Inu relies on speculative value and Solana prioritizes high-speed transactions, Lightchain AI delivers tangible utility with its AI-powered capabilities. This focus on solving real-world problems sets it apart in a crowded market.

2. Sustainability That Aligns with Global Trends

Environmental sustainability is becoming a crucial factor in blockchain adoption. Lightchain AI’s PoI mechanism offers a green alternative to traditional mining, appealing to eco-conscious investors and developers.

3. Early Investment Potential

With its mainnet launch planned for mid-2025, December 2024 represents a key moment for early adopters to join the project before widespread adoption and demand drive token values higher.

4. AI Integration as a Competitive Edge

By combining blockchain technology with AI, Lightchain AI enables the creation of intelligent applications that go beyond traditional functionalities, offering unique solutions for diverse industries.

Key Applications Driving Adoption

Decentralized Finance (DeFi):

Lightchain AI powers smarter DeFi platforms with AI-driven tools for trading optimization, lending automation, and risk assessment.

Healthcare Innovation:

The blockchain’s secure infrastructure supports AI-enhanced diagnostics, research, and privacy-focused data sharing.

Supply Chain Management:

AI-powered transparency and analytics improve efficiency and reduce costs in logistics and global trade.

How Lightchain AI Compares to Shiba Inu and Solana

• Shiba Inu:

A memecoin built on community engagement, Shiba Inu relies heavily on speculative trading and lacks the scalability or utility to serve broader markets.

• Solana:

Known for high-speed transactions and developer-friendly dApp infrastructure, Solana excels in performance but lacks integrated AI capabilities.

• Lightchain Protocol AI:

Combines the scalability of Solana with AI-powered functionality and the sustainability missing from many existing blockchains, making it a unique proposition in the crypto space.

Could Lightchain AI Be December’s Real Blockchain Gem?

With its innovative approach to blockchain technology, Lightchain Protocol AI is well-positioned to redefine the market in December 2024 and beyond. Its ability to address the crypto market’s evolving demands while enabling advanced applications across industries makes it a strong candidate for massive adoption and long-term growth.

Secure Your Stake in the Future of Blockchain

Be part of the next wave of blockchain innovation with Lightchain Protocol AI. Secure your Lightchain Tokens (LCAI) during the presale and join a project that’s shaping the future of decentralized technology.

Explore More:

• Website: https://lightchain.ai

• Whitepaper: https://lightchain.ai/lightchain-whitepaper.pdf

• Twitter/X: https://x.com/lightchainai

Telegram: https://t.me/LightchainProtocol

(Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR

PWR

Integration provides Continuous Threat Exposure Management as part of CyberProof’s security services

Bengaluru, Karnataka, India & Aliso Viejo, CA, United States – Business Wire India

CyberProof Inc., a UST company, announced today the acquisition of Interpres Security, a Gartner-recognized vendor in Continuous Threat Exposure Management (CTEM) and Automated Security Control Assessments (ASCA). This strategic move strengthens CyberProof's ability to deliver measurable, risk-optimized managed security services. By integrating Interpres, CyberProof will offer customers a streamlined, risk-prioritized view of their exposure and defenses against the most significant threat actors targeting their industries, locations, technologies, and more.

Headquartered in Mount Pleasant, South Carolina, Interpres Security has gained notable recognition in the cybersecurity industry and was recently mentioned by Gartner for its innovative approach in the category of Automated Security Control Assessment (ASCA). This accolade underscores the innovative technology and strategic vision that Interpres brings to the table, strengthening CyberProof’s position and empowering its transformative approach to security services. Interpres stands out as the only platform offering a comprehensive solution that begins with defining threat actors and active threat campaigns, identifying exposure and defensive gaps, and providing decision support through risk prioritization and actionable recommendations.

“Interpres has been our partner since late 2023 and is already showing extreme value with customers, helping us deliver better service outcomes. The acquisition of Interpres Security marks a significant milestone in our continuous innovation journey,” said Tony Velleca, Chief Executive Officer, CyberProof. “Threats are evolving rapidly, especially with the rise of generative AI. This makes annual, one-time security assessments insufficient to keep up with these threats. With limited resources, our customers must focus on the actions that proactively reduce their risk the most. CyberProof is the first and only managed security service provider to offer a complete continuous threat exposure management capability, including continuous optimization of their security solutions. By leveraging UST’s comprehensive IT capabilities, CyberProof will also be able to help our customers quickly resolve security exposures.”

Nick Lantuh, Chief Executive Officer and Co-Founder of Interpres Security, expressed enthusiasm about the acquisition, “Partnering with an industry leader like CyberProof—focused on large enterprises and supported by UST, a major digital and IT solutions provider—enables us to scale our innovative CTEM and ASCA solutions and connect with our target audience more effectively. Together, we will empower complex organizations to continuously prioritize targeted threats, optimize their existing defensive capabilities, and proactively reduce their exposure. The founders of Interpres developed this solution based on our extensive experience as a highly awarded security service provider for the Department of Defense, recognizing its value as part of a managed service. This shared vision between our teams uniquely positions us to lead in this rapidly growing segment of the cybersecurity landscape.”

Recent analyst reports and notable research in the cybersecurity industry have recognized the importance of managing evolving threats, with CTEM playing a key role in this process. As organizations continue to navigate the complexities of digital transformation and evolving cyber threats, CyberProof's enhanced offerings, bolstered by Interpres Security’s cutting-edge technology, will deliver a holistic approach to cybersecurity.

About CyberProof

CyberProof delivers better security operations and drives superior experiences for enterprise customers. Our threat-led, cloud-first, AI-powered approach to co-managed security, delivers industry-leading security services to drive real business results. We believe that working closely with our customers and partners through a better security, together services model, jointly empowers us to defend against the greatest of threats.

See: www.cyberproof.com

About UST

Since 1999, UST has worked side by side with the world's best companies to make a powerful impact through transformation. Powered by technology, inspired by people, and led by our purpose, we partner with our clients from design to operation. Our digital solutions, proprietary platforms, engineering expertise, and innovation ecosystem turn core challenges into impactful, disruptive solutions. With deep industry knowledge and a future-ready mindset, we infuse innovation and agility into our clients' organizations—delivering measurable value and positive lasting change for them, their customers, and communities around the world. Together, with 30,000+ employees in 30+ countries, we build for boundless impact—touching billions of lives in the process. Visit us at www.UST.com.

(Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI PWR

PWR

New Delhi, Dec 4 (PTI) Shares of food and grocery delivery platform Swiggy on Wednesday jumped nearly 7 per cent after the firm reported narrowing of consolidated net loss at Rs 625.53 crore for the second quarter ended September 30 on the back of continued growth of food delivery business.

The stock surged 6.69 per cent to Rs 534.85 on the BSE.

At the NSE, the stock soared 6.56 per cent to Rs 534.80.

The company, which declared its quarterly results to stock exchanges for the first time since it went public last month, had posted a net loss of Rs 657 crore in the year-ago period.

In a regulatory filing on Tuesday, Swiggy said at consolidated group level, it expects to achieve "positive adjusted EBITDA by the third quarter of FY26."

Swiggy's revenue from operations increased to Rs 3,601.45 crore in the September quarter, from Rs 2,763.33 crore in the corresponding period last year.

Meanwhile, total expenses also grew to Rs 4,309.54 crore during the quarter under review, from Rs 3,506.63 crore in the corresponding period last fiscal.

The company also said its board has approved an investment of up to Rs 1,600 crore in the equity shares of its wholly-owned subsidiary Scootsy Logistics Pvt Ltd, in one or more tranches, by way of subscription to the rights issue. Scootsy is engaged in the business of supply chain services and distribution. PTI SUM DR