Beyond Financial News

₹757 crore in 2023 to acquire the Women's Premier League (WPL) team. Jinisha Sharma, director of the sports division at NBFC Capri Global said the decision to buy a WPL team was a “calculated risk" considering the backing of the Board of Control for Cricket in India (BCCI), and growing interest in women's sports in India. The company owns four sports teams.

Analysts at MoffettNathanson have observed in a Thursday note that China-based e-commerce companies are increasingly venturing into Western markets, undercutting prices on domestic e-commerce platforms.

Supreme Court on Thursday reserved its verdict on the hugely contentious issue of whether the royalty payable on minerals is a tax under the Mines and Minerals (Development and Regulation) Act, 1957, and if only the Centre is vested with the power to levy such exaction or states also have the authority to impose levies on mineral bearing land in their territory. A nine-judge bench headed by Chief Justice DY Chandrachud heard the matter on eight days, while dealing with a batch of 86 appeals filed by different state governments, mining companies and public sector undertakings. The bench, also comprising Justices Hrishikesh Roy, Abhay S Oka, BV Nagarathna, JB Pardiwala, Manoj Misra, Ujjal Bhuyan, Satish Chandra Sharma and Augustine George Masih, heard the arguments of various parties including the Centre. During the hearing, the top court had said the Constitution vests the power to impose tax on mineral rights not in Parliament alone but also the states and underlined that such authority should not be diluted.

Citroen on Thursday said it plans to scale up the sales network in India to over 200 outlets by the end of this year, a three-fold jump from its existing touchpoints. The addition of new dealerships, across urban, semi-urban, and rural markets will significantly increase the company's footprint from its existing 58 outlets spread across India, Citroen India said in a statement. This transformative initiative underscores the brand's dedication to delivering an unmatched Citroen brand experience to a diverse and expanding customer base nationwide, it added. «We are looking to aggressively make Citroen available to consumers and extend the potential of our products beyond Tier I/Tier II cities,» Citroen India Brand Director Shishir Mishra said.

Shashank Srivastava, Executive Director, Maruti Suzuki India Ltd, says “the transformation of Maruti Suzuki is one of the biggest achievements of the company. Of course, we have contributed hugely to the Indian manufacturing sector. We are the leaders in the automobile for the last 40 years of its existence. But it goes beyond that and this transformation actually started coming in from the time in maybe the early 90s when you had that liberalisation era. A lot of other manufacturers came in.” On the first Maruti car ever sold to a customer Shashank Srivastava: The first car was sold to a Sikh gentleman, Harpal Singh. And he used to work in Indian Airlines. This car was handed over to him by none other than the then Prime Minister, Ms Indira Gandhi. This was taken from that customer in 2010, restored, and we have it here. It is very emotional not just for me, but for all employees here.

Foreclosure may have an adverse and lasting impact on your credit score. But first of all, let us understand what a foreclosure is. It refers to a legal process in which a lender attempts to recover the unpaid loan from a borrower by forcing the sale of asset that was given as the collateral.

Galaxy Digital CEO Mike Novogratz thinks Bitcoin is forever beyond $55,000 after cracking beyond $73,500 on Tuesday.

NEW DELHI : A sharp rise in onion prices in the middle of an export ban has prompted the Centre to consider extending the restriction beyond 31 March, a senior official aware of the matter said. At ₹33.34 a kg, the all-India average onion price in the retail market was 41.3% higher than the previous year on Wednesday, data from the consumer affairs ministry showed.

Trader Joe’s mini canvas tote is the latest item to cause a stir on social media, so much so that resellers are taking advantage of the hype

A comprehensive study dissecting recent trends in the use of health savings accounts sheds fresh light on the dynamic between increasing spending on health care and the growth of HSA balances.

₹11.1 trillion, up more than 11% from the ₹10 trillion budgeted for 2023-24 (and up 17% from this year’s revised budget estimate). The finance minister’s speech laid emphasis on the substantial multiplier effect of capex on both economic growth and employment generation. Employment is the link between economic growth and higher standards of living.

Coast Guard is committed to incrementally inducting more women officers, the maritime force has told the Supreme Court that the present recruitment rules related to short service commission officers specifically provide that they cannot seek permanent commission. The Indian Coast Guard has filed an affidavit in response to a plea moved by a woman officer seeking permanent commission. Observing that women cannot be left out, a bench headed by Chief Justice D Y Chandrachud recently asked the Centre to ensure they are granted permanent commission in the Coast Guard. «It is submitted that the said Recruitment Rules (of ICG) specifically stipulated that women officers shall not have the option to change over to permanent entry scheme in the future, and the same was also mentioned in the appointment letter issued to the selected candidates, including the Petitioner in the present case,» said the affidavit filed by ICG Deputy Inspector General Raj Kamal Sinha.

NEW DELHI : A new league of celebrities or influencers is being spawned by the reach provided by social media platforms, beyond the conventional realms of movies and sports. From chefs like Ranveer Brar to startup founders like Aman Gupta, people with skill and panache are creating content on social media to cater to niche communities. They are even investing in building teams and production setups to create professional-looking content regularly.

₹4 lakh, while those with a decade’s experience get ₹30 lakh, Teamlease data showed. Globally, prompt engineers were in demand through last year —a job posting by US firm Anthropic in May last year offered $335,000 ( ₹2.8 crore) per year. Generative AI may create new business cases, translating into deals valued at above $1 million, which has not happened so far for most domestic IT services firms.

FOX Business’ Madison Alworth reports on how Georgia is benefitting from more Americans leaving blue states like California.

Millions of Americans are hoping for the length of retirement previously enjoyed only by those who could afford to give up work in their 50s or lived well beyond the average.

The financial industry sometimes overlooks the significant differences in investment knowledge from one person to the next. Some people are savvy, self-directed investors, while others do not understand the difference between an RRSP and a TFSA.

Sales growth of electric vehicles in the U.S. has started to slow, and polls show it’s due in part to anxiety over running out of battery power and too few charging stations

Prime Minister Narendra Modi's visit to the picturesque Lakshadweep Islands has drawn attention to the process of applying for ILPs. This Union Territory, an idyllic paradise off the coast of Kerala, necessitates permits for all travellers, including Indians, to manage tourism numbers on these remote islands. Obtaining a permit requires submitting a clearance certificate from a local police station, along with identification documents, while online applications are also facilitated.

Navigating the treacherous waters of French Banks' neo-favoritism can be akin to a dicey game of Monopoly played in a dimly lit alley. Picture this: nestled in the heart of London's financial hub, there existed a manager by the name of Brunon «The Terrible.» Oh, Brunon was quite the character, notorious for his formidable presence on the trading floor and his uncanny ability to dodge the bill at the local pub after a long day's work.

As part of the Development Plan 2031 for the Gurgaon Manesar Urban Complex (GMUC), the Dwarka Expressway, also known as the Northern Peripheral Road (NPR), has been developed as a northern ring road. This expressway provides additional connectivity between Gurgaon and Delhi, serving as an alternative route to the existing NH 8.