India Financial News

Chapter 13 of "Boruto Two Blue Vortex" delves into Boruto's past, revealing crucial details about his partnership with Koji Kashin. The chapter continues from where the previous one left off, offering significant plot developments and new revelations. The release date and global times for the chapter are also announced.

NARCL, which acquired EPC company Simplex Infrastructures' ₹9.600-crore debt from lenders led by Punjab National Bank (PNB), is exploring a restructuring plan to split the exposure into sustainable and unsustainable portions, potentially writing off the latter, sources told ET. The plan, which envisages gains for the company's stock on its approval, is in the early stages of discussions. NARCL had acquired the loan in cash and security receipts (SRs) for ₹640 crore earlier this year. The state-backed bad bank had bought the debt from lenders at a 93% discount. The banks involved include PNB, State Bank of India, Canara Bank, Bank of Baroda, Bank of India, Union Bank of India, RBL, IDBI Bank and Standard Chartered Bank.

audit affiliates of top professional services firms after the regulator fined BSR & Associates LLP, a KPMG affiliate, ₹10 crore and banned two of its auditors for alleged lapses in audit of Coffee Day Enterprises (CDEL) where the audit firm had relied on subsidiary auditors while preparing consolidated audit reports. All audit firms have multiple audits where the firms rely on subsidiary auditors' work when preparing consolidated audit reports for parent companies. In the CDEL case, BSR & Associates had relied on the work of auditors of its subsidiaries while auditing the parent company.

Azerbaijan has formally applied to join the BRICS group of developing economies, a day after Russian leader Vladimir Putin’s visit to the oil-rich South Caucasus country to shore up regional ties and secure Moscow’s under-pressure trade routes

Puma said it continued to be India's largest sports and apparel brand on the back of a 10% increase in sales last calendar year amid top management attrition and slowing demand for discretionary products. For the fiscal year ended December, its revenue stood at ₹3,274 crore, as per filings with the Registrar of Companies, much higher than that of rivals Adidas, Nike and Reebok and Skechers, and fast fashion brands Zara and H&M. Puma said it is shifting its strategy to a sports and performance-first brand instead of just lifestyle and athleisure.

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Vinesh Phogat’s dream of winning an Olympics medal was shattered for being a mere 100 gm overweight, at least 15 brands have queued up to sign her on. There is a rush to make the Indian wrestler — and other Indian athletes who stood out at the recent Paris Games — the face of brands across categories such as packaged foods, health, nutrition, jewellery, banking and education, executives in the know said. Phogat’s endorsement fee is up to `1 crore per deal per year, from Rs 25 lakh before the games, they said. Chopra, Bhaker Also Gain “Marketers are approaching us, citing not only her performance but the grace with which she conducted herself, despite being defeated by the system,” said Tuhin Mishra, cofounder of Baseline Ventures that represents the wrestler. Despite not winning a medal, Phogat, who endorsed Nike sportswear and Country Delight dairy before the start of the Olympics, was clearly one of the standout Indian athletes, along with javelin throw silver medallist Neeraj Chopra and shooter Manu Bhaker, who won two bronze medals.

Sexual harassment complaints recorded across some of India's largest companies showed a sharp increase in FY24, underscoring the rapid emergence of a culture of improving corporate disclosures. There has been a 40.4% increase in number of complaints of sexual harassment (up by 268) filed during last fiscal, shows latest data from BSE 30 companies put together for ET by Complykaro, which advises companies on PoSH compliance. A total of 932 sexual harassment complaints were reported across BSE 30 companies in FY24, up from 664 in FY23, shows the data.

comprehensive strategic partnership following talks between PM Narendra Modi and his Malaysian counterpart Anwar Ibrahim here. The two sides inked a number of pacts, including one on employment and repatriation of workers and another on boosting cooperation in digital technologies. The bigger focus of the talks was to expand trade and investment and explore cooperation in new and emerging areas.

BJP on Tuesday announced names of 10 candidates for Rajya Sabha bypolls across eight states. The party has left one seat each in Bihar and Maharashtra for allies. Union minister of state Ravneet Singh Bittu has been nominated as party candidate from Rajasthan. Another Union minister of state George Kurian has been made the party candidate for the lone seat of Madhya Pradesh. For two seats of Assam, BJP has announced the names of former Union minister Rameswar Teli and former MLA Mission Ranjan Das. Senior advocate and chairman of Bar Council of India Manan Kumar Mishra has been made the party candidate from Bihar. In Bihar, the BJP has left one seat for ally Upendra Kushwaha who will file nomination on Wednesday.

Calcutta High Court order asking adolescent girls to «control their sexual urges». Setting aside the October 18, 2023, judgment, a bench of justices Abhay Oka and Ujjal Bhuyan said it had restored the conviction of the accused under the Pocso Act and Indian Penal Code. The apex court had initiated a suo motu petition «due to sweeping observations/findings recorded by the division bench of Calcutta High Court» in the ruling. The top court had also opined that the comments made by the high court were sweeping, objectionable, irrelevant, preachy and unwarranted.

constitutional mandates was also a concern that weighed heavily on the Second Administrative Reforms Commission (ARC) report of 2005 and is reflected in its 10th report titled — 'Refurbishing of Personnel Administration & Scaling New Heights'. The report reads how (senior executive system) SES — a western model — that draws the best talent from both the public and the private sector has its advantages; it may also have 'disadvantages specific to India'. Socio-cultural diversity apart, the report points to «the possible adverse impact of such recruitment (if done on a large scale) on the constitutional mandate for affirmative action as a result of the creation of a new recruitment channel at a senior level» besides conflict-of-interest concerns, lack of sufficient talent in the private sector and operational difficulties. Nevertheless, the Second ARC did recommend lateral entry from both — other services as well as private sector — preferably at no less than the additional secretary level for areas of expertise.

Congress president Mallikarjun Kharge and Leader of the Opposition in the Lok Sabha Rahul Gandhi are scheduled to visit Jammu and Srinagar on August 21-22 and are likely to meet some INDIA bloc leaders for possible pre-poll alliances. The visit assumes significance as both Congress and National Conference (NC) have expressed inclination for a strategic 'pre-poll alliance', especially in Jammu division, where the BJP is claiming that it will get a majority of the seats. NC leader and former J&K chief minister Omar Abdullah recently said that they were in touch with the Congress top leadership and the newly-appointed J&K Congress president Tariq Hameed Karra is also on record saying that they were open to talks with «like-minded parties» to weave a «respectable alliance» ahead of the assembly polls.

Prime Minister Narendra Modi heads to Poland on August 21, the first visit by an Indian premier in 45 years, some focus will be on a forgotten slice of history during the turbulent Second World War in which two Indian rulers gave shelter and protection to thousands of Polish children and refugees caught in the crossfires of the biggest-ever conflict on earth. The PM is likely to pay a visit to the 'Good Maharaja Square' in Warsaw, which has been built to pay homage to the erstwhile ruler of Nawanagar, Maharaja Jam Saheb Digvijaysinhji Ranjitsinhji, who provided shelter to a group of Polish children who had been left homeless after Poland was ravished by the war. The Nawanagar ruler, along with Shrimant Rajarshi Chhatrapati Sahu Maharaj of Kolhapur provided housing and hospitality to an estimated 5,000 Polish citizens from 1942 to 1946 as the war raged in Europe.

CCI) has asked Reliance Industries and Walt Disney as to why their proposed $8.5-billion merger of media assets in the country should not be probed over antitrust concerns, people aware of the development said. This could potentially delay regulatory clearance for the deal that is set to create India’s largest entertainment player, but such notices don’t mean the deal would be automatically derailed, they said. If anything, such notices give the parties a chance to address the antitrust regulator’s concerns through adequate explanations, further commitments or actions, a regulatory official told ET.

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consents secured through the NBFC-Account Aggregator framework has crossed the 100 million mark, DigiSahamati Foundation (Sahamati), the market-led industry alliance for the account aggregator (AA) ecosystem said in a statement today. The body said that around 80 to 90 million Indians are using the AA service currently. The AA ecosystem is expected to achieve a penetration of 25 to 30% by the end of the current fiscal, according to Sahamati’s market estimates.

Pernod Ricard India, which plans to triple its revenue over the next decade by prioritising premiumisation, on Tuesday launched two premium whiskies. It has unveiled two whiskies — Royal Stag Double Dark Peaty Whisky and Blenders Pride Four Elements Premium Whisky — as part of this strategic initiative, said a statement from the Indian subsidiary of the French Spirits maker Pernod Ricard. Earlier, it launched Longitude 77, which was the first Indian Single Malt by Pernod Ricard. The company «has unveiled an ambitious plan to triple its revenue over the next decade by prioritising premiumisation and innovation in the Indian market,» said a statement from Pernod Ricard India.

Anwar Ibrahim, who is on a state visit to India, stated on Tuesday that India has to grapple with some 'serious issues' concerning minorities and religious sentiments but it continues to play its rightful role. Ibrahim said, «I will not deny the fact that you also have to grapple with some serious issues affecting minorities or religious sentiments. But our hope is that India continues to play its role, rightful role because I mentioned to Prime Minister Modi, that these were the years when Nehru and Zhou Enlai and Sukarno and Nyerere were there standing up for the global south against colonialism and imperialism and to struggle to ensure that we recognize what humanity is about, what freedom is all about, and what dignity of men and women.» The Malaysian PM, who met with Prime Minister Modi earlier in the day, praised India, noting its remarkable intellectual and historical figures. «India has produced outstanding intellects such as Sri Aurobindo and leaders like Gandhi Ji, who played a unique role in the struggle for freedom, justice, and humanity,» he said. «You have intellectual giants who became leaders in their own countries, such as Jawaharlal Nehru and Mohammed Ali Jinnah. India has produced great sages and leaders and is regarded by many of us as a beacon of hope and democracy in the region.

CCI) has cleared Warburg Pincus' acquisition of Shriram Housing Finance through its affiliate Mango Crest Investment. The deal value was earlier pegged at Rs 4,630 crore. In a statement on Tuesday, the antitrust regulator said the principal business activity of Mango Crest, incorporated in Mauritius, is «undertaking investment holding activities». Other deals

Chicago Monday evening — a warmer Tuesday afternoon across India that seems to be always ahead of America — an elderly gentleman, confident on the stage, came across a veritable hero before his rousing, cheering audience. In theory, he was the same person who, in late June at the first presidential debate with Donald Trump, looked confused, lost and old. In practice, though, Joe Biden at the Democratic National Convention, almost two months older now, was a changed man as he took the adulation from the very same lot who had — for legitimate reasons — given him the shove from a re-election bid.