Beyond Financial News

Lanco Amarkantak Power by PFC Projects, REC, SJVN and Damodar Valley Corporation. PFC Projects, which is into electricity generation and distribution, and REC, which is a non-banking financial company, are subsidiaries of Power Finance Corporation (PFC).

You are the Bhishma Pitamaah of Indian advertising. So, how do you see this change of guard panning out at Ogilvy? That’s a very big thing to say. All I can tell you is that I believed in advertising when I joined in the 80s.

Bank of Canada official Nicolas Vincent has warned there could still be significant hurdles when it comes to getting inflation back to the central bank’s target of two per cent.

Indian Air Force (IAF) is all set to replace all MiG-21 squadrons with the LCA Mark 1A by 2025, said Air Chief Marshal VR Chaudhari on Tuesday. He was addressing a press conference in Delhi ahead of the Air Force Day that is to be celebrated on October 8 in Prayagraj. Responding to a question by on MIG 21, Air Chief Marshal Chaudhari said, «We had signed a contract for 83 LCA Mark-1As. The contract is to be supplemented with 97 additional aircraft.

₹8,000-9,000," said Tarun Garg, chief operating officer (COO), Hyundai Motors India, told Mint. Hyundai's strategy to grab an edge back from the competition involves a three-pronged strategy: make advanced safety features such as ADAS (advanced driver assistance system) available as an optional feature in more of its current line-up of products (from 38% at present to 60% by 2024 and eventually 100% of its model range), make active safety features such as ESC (Electronic Stability Control) with VSM (Vehicle Stability Management) available in one or more trims across all models, and make basic passive safety equipment like six airbags for passenger and driver, three-point seatbelt and seat belt reminders standard across all models. "We enhanced our ADAS offering from a single model (Tuscon) to five models, including the Exter, in just one year, The response has been very good.

Luxury retailers are spending big on their U.S. real estate, more evidence of the staying power of in-person shopping. French jeweler Van Cleef & Arpels is opening a new Manhattan location on Madison Avenue.

By Alexander Marrow

₹7,196 crore, with a profit of ₹5.93 crore. During the year, the company sold 28.62 million cases of alcohol; it has a share of 7.4% in the India-made foreign liquor industry, according to the company’s annual report for the year.

Singapore is investigating the role that some single family offices played in one of the city’s largest money laundering cases and weighing further rules on the sector.

By Brigid Riley and Alun John

Bihar caste census matter on October 6. The petitioner's lawyer mentions before the top court that the Bihar Government has published caste survey data. Additional Chief Secretary of Bihar, Vivek Kumar Singh on Monday informed that the report of the caste-based census conducted in Bihar has been released.

This marks an escalation in the crisis that erupted after Canada's Prime Minister Justin Trudeau said India has hands in the murder of Hardeep Singh Nijjar, who was a designated terrorist in India and Khalistani activist. This was followed by both countries expelling a senior diplomat in a tit-for-tat move. New Delhi has told Ottawa that it must repatriate roughly 40 diplomats by October 10, FT reported citing people familiar with the demand.

As more than 50% of Bank Nifty constituents are still above 50-DMA, the index could find new leaders, says Anand James, Chief Market Strategist at Geojit Financial Services. “Also the Bank Nifty index appears due for a bounce back, but we would be first interested in initiating shorts on pull back to 45000. However, we feel that, after due consolidation, the latter part of October could see a breakout beyond this region,” he says. Edited excerpts from a chat: Nifty ended September 1.5% stronger despite all the negative news surrounding rising crude, bond yields and dollar index. Given the fact that FIIs are having $733 million short position in index futures, where do you see the index going in October which is known as 'Bear Killer'? FIIs have ramped up their index future shorts, which now constitute 27% of shorts in the segment across participants.

Also read: New Jersey's Akshardham Temple: Ten facts about world's largest Hindu temple beyond India's borders It will also help in establishing a connection between the members of the Indian diaspora, particularly the youth, to connect with and take pride in Maa Bharati, he said. “We were amazed and awed by the beauty of this temple and its universal message of peace, harmony, and becoming a better human being," the British prime minister said in his message ahead of the temple’s inauguration on October 8.

India should “absolutely” consider the adoption of the UNCITRAL Model Law on Cross-Border Insolvency (MLCBI) in the next version of its IBC, and mull ways to accelerate its domestic insolvency processes, a paper released by the Insolvency and Bankruptcy Board of India (IBBI) has said.

In a world where cryptocurrency has revolutionized the way we perceive investments, government regulations, and business partnerships play a decisive role in shaping the trajectory of top crypto coins. 

Su 30MKI fighter jet fleet is set to be upgraded under a plan that will include completely new avionics, radars and electronic warfare suites. Close to 100 of the fighters are to be upgraded in the first tranche that will be conducted entirely in India. Sources said the upgrade plan is valued in excess of Rs 60,000 crore and will touch all aspects of the fighter jet except for its airframe and engines.

India in a murder case of a globally wanted criminal. But his worryingly cavalier ways have thrown the spotlight on the faulty instincts within the ‘Five Eyes’ (FVEY) to target India at a time when it’s a partner in every other folder on the table.

Saudi Aramco is looking for more acquisitions in LNG following a first-ever deal in the industry last month, as it sees growing demand for the fuel.

Asset managers selling funds into the European Union risk having client flows “meaningfully” disrupted as regulators in the bloc consider a major overhaul of ESG investing rules, according to analysts at Barclays Plc.

tax collection at source (TCS) rates will impact various financial transactions, including international travel, investments in foreign assets, and educational expenses abroad. To help you navigate this upcoming change, we present a breakdown of the revised TCS regime. Under the Reserve Bank of India's Liberalised Remittance Scheme (LRS), individuals can remit up to $250,000 in a financial year. Starting October 1, 2023, all overseas outward remittances, except those for medical and educational purposes, exceeding the threshold of Rs 7 lakh in a financial year will incur a 20% TCS. TCS is not a standalone tax but a tax credit, reflected in Form 26AS. It can be claimed against tax payable when filing income tax returns (ITR) or offset against advance taxes. If you cannot offset it against taxes or other forms, it will be available as a refund after filing ITR. Here's what gets costlier and what remains same... Foreign Remittances for Education