Beyond Financial News

Reliance Consumer Products (RCPL) has acquired the trademarks, recipes, and all intellectual property rights of sugar-boiled confectionery maker Ravalgaon for Rs 27 crore, according to a stock market disclosure by Ravalgaon Sugar Farm Ltd. Ravalgaon owns nine confectionery brands such as Pan Pasand and Coffee Break. This fits RCPL's strategy of acquiring old Indian brands which are under distress and relaunching them, like it had acquired the Campa soft drink brand. The deed was signed between both the parties on Friday. It excludes the slump sale of all assets and liabilities of Ravalgaon. “It is clarified that while 100% of the revenue of the company (Ravalgaon) is ascribed to the intellectual property being sold, the company will continue to hold all other assets such as property, land, plant, building, equipment, machinery, etc. post completion of the proposed transaction,” as per the disclosure.

Nvidia is building a new business unit focused on designing bespoke chips for cloud computing firms and others, including advanced artificial intelligence processors, according to nine sources familiar with the company's plans. The dominant global designer and supplier of AI chips aims to capture a portion of an exploding market for custom AI chips and to protect itself from the growing number of companies interested in finding alternatives to its products.

By Max A. Cherney and Stephen Nellis

By Manya Saini and Niket Nishant

In a market dominated by the 'Magnificent 7' group of mega-cap tech stocks, investors often overlook other market leaders poised for significant growth.

Enbridge energy company is trying to persuade a federal appeals court to allow a pipeline to continue operating on a Wisconsin tribal reservation

In the ever-evolving world of digital currencies, a new token priced at a mere $0.01 is rapidly becoming the center of attention, drawing parallels with the explosive growth of Solana (SOL). This fresh entrant in the crypto market, boasting groundbreaking technology and an ambitious vision, is quickly becoming a focal point for investors seeking the next lucrative venture. With its affordable entry point and promising growth potential, this token is sparking discussions about its ability to replicate Solana’s remarkable journey. This piece delves into the core attributes, market prospects, and compelling reasons that position this new cryptocurrency as a candidate for achieving a trajectory similar to Solana, offering early investors a chance to be at the forefront of the next big crypto wave.

By providing early payment options and improving financial stability for suppliers, DBS Bank’s SPS solution reduces the risk of disruptions, resulting in a more stable and resilient supply chain for clients. Furthermore, it promotes supplier inclusion, empowering the bank's clients to expand their supply chains and diversify their sourcing options.

₹45.7 crore in Q3 FY24 against ₹41.2 crore in the year ago period. Its net consolidated revenue increased by 18.1% YoY to ₹160.8 crore in the quarter ending December against ₹136 crore in Q3 FY23. Its EBITDA increased to ₹65.3 crore during the quarter under review.

In an era where decentralized finance (DeFi) is reshaping the financial landscape, Secured Finance emerges as a beacon of innovation with its latest multi-chain strategy. This move is not just a leap forward in on-chain fixed-income markets but a testament to the platform’s commitment to enhancing liquidity and accessibility on Ethereum’s mainnet and beyond.

Pershing Square's Bill Ackman is set to offer a new investment vehicle listed on the New York Stock Exchange, aiming to leverage his following among Main Street investors.

Amidst recent regulatory directives concerning Paytm Payments Bank, users might find themselves confused and uncertain. However, it is imperative to note that the Paytm app is working and will be working as usual even after February 29, 2024, according to the company.

Family offices are one-stop wealth management for Ultra-HNIs and look after investments, estate planning, tax efficiency and philanthropy among other things.

CoinDesk’s CEO Kevin Worth has stepped down as part of a major restructuring effort led by the crypto exchange Bullish, which recently acquired the media outlet.

NEW DELHI : Goods and Services Tax (GST) revenue collection of central and state governments will continue to grow at a faster pace than nominal GDP growth rate till very high tax compliance level is achieved, after which, the tax on consumption will grow in sync with the rate of economic expansion, Central Board of Indirect Taxes & Customs (CBIC) chairman Sanjay Kumar Agarwal said in an interview. Agarwal said that the nominal GDP rate will be dictating growth in GST revenue although presently there is a tax buoyancy above 1, which indicates compliance level is going up.

Ayushmann Khurrana recently played food guide to South Korean singer Eric Nam during his visit to India for the Lollapalooza music festival. The two artists bonded over a shared love for good food, exploring the diverse flavors of Indian cuisine. Sharing the Tastes of India Ayushmann Khurrana took Eric Nam on a tasty tour of India, introducing him to a mix of delicious dishes from different regions.

RBI deputy governor Swaminathan J countered the popular notion that a small entity like an Urban cooperative Bank (UCB) is not systemically important and underscored the importance of governance standards among others to strengthen them. “Some may argue that UCBs are not systemically important in view of their size and turnover” RBI deputy governor Swaminathan J.” However, if we consider the inter-connectedness that binds the entire spectrum of financial entities, it becomes evident that any vulnerable link has the potential to erode public trust and confidence” Mr Swaminathan J said in his speech titled “ Urban Co-operative Banks: Upholding Governance and Professionalism with Capacity Buidling and Technology Upgradation” delivered to the South based UCBs at Hyderabad last week. In an increasingly interwoven financial landscape, the ripples of even an apparently small disturbance can resonate far beyond its initial impact, said citing that the failure in 2001 of a Gujarat based UCB and more recently in 2019 to a Mumbai based UCB attest to the contagion risks posed by even relatively smaller banks. UCBs form a critical layer of the financial system of the country. Despite the sector's consistent 3-4% presence in the overall banking business, its significance should not be underestimated, he said.

₹397.5 crore during Q3FY23 to ₹3,193.3 crore during the quarter ending December 2023. The revenue of the natural gas company declined 3.3% YoY from ₹35,940 crore to ₹34,767.8 crore during the period under review. GAIL's board also approved an interim dividend for the financial year 2023-24 at ₹5.50 per equity share on the paid-up equity share capital of the company.

fixed income instruments. This is important because equity gives healthy returns whereas debt gives downside protection to investors. What if the valuation of equity spikes, and the proportionate debt allocation is reduced to abysmally low? This ideally calls for an asset reallocation in order to keep the original debt-equity ratio intact.

By Ankur Banerjee

BEIJING (Reuters) — China plans to merge three of the nation's biggest bad debt managers into sovereign wealth fund China Investment Corp (CIC), state-run Xinhua Finance News reported, as part of a plan to reform financial institutions.