India Financial News

infrastructure projects would hurt both the financiers and viability of the proposed development initiatives, seeking about a dozen such amendments to a draft Mint Road circular that seeks to de-risk bank exposure to long-gestation assets.

venture capital and private equity funds, buoyed by post-Covid demand that continues to grow.

astronomy.

Father's Day 2024 is on June 16, if you have forgotten. Therefore if you still haven't bought any gifts for him yet, these gifting ideas may help you grab the most suitable gift your dad will love. Fathers are the most precious humans when it comes to unwavering love and support and it is important that we show him the love and respect he deserves.

Warner Bros. Animation, New Line Cinema, and Sola Entertainment presented 20 minutes of their upcoming anime feature «The Lord of the Rings: The War of the Rohirrim» at the Annecy Animation Festival, receiving strong applause.

Netflix series "Arcane" will conclude with its upcoming Season 2 in November. However, this marks the beginning of more stories within the "League of Legends" world by Riot Games and Fortiche.

Powerball lottery jackpot? A mid-Michigan couple has announced the winners of the lottery on the ticket they bought on New Year's Day. According to 'Yahoo! News', Michigan Lottery Commissioner Suzanna Shkreli said that the Breakfast Club lottery club decided to take a cash lump sum of $305 million after taxes. The Breakfast Club, member and Attorney Mark Harder said the middle-aged couple has “been elated and overwhelmed, thrilled and nervous”. The winning numbers of the draw were 12, 21, 42, 44, 49 and red Powerball: 1.

State Bank of India's claims arising from the personal guarantees issued by Nikhil Gandhi and Bhavesh Gandhi, the promoters of SKIL Infrastructure.

Matrix Laboratories founder Nimmagadda Prasad's acquisition of the active pharmaceutical ingredient (API) business of Viatris.

private plane that vanished on a snowy night in Vermont in Lake Champlain. The jet vanished after leaving Burlington Airport for Providence, Rhode Island, in 1971. It had two crew members and three employees of Cousin’s Properties, an Atlanta company working in Burlington.

Zack Snyder’s director’s cut of his “Rebel Moon” sci-fi saga is set to release on August 2. The new versions come with different titles and include significant new content.

Eric Kripke, showrunner of «The Boys,» has revealed that the superhero series will end with its fifth season. This announcement comes ahead of the premiere of Season 4 on Amazon Prime Video.

Jewish holiday of Shavuot is here and people of the community celebrates the occasion which marks the event of God giving Moses the Ten Commandments on Mount Sinai.

New Delhi: Assuming charge as the law minister for the second term, Arjun Ram Meghwal on Tuesday signed a document finalising the national litigation policy which seeks to expedite the resolution of cases pending in apex, high and lower courts. The national litigation policy has been in the making for the past several years with successive governments trying to finalise its modalities.

Hunter Biden on three counts of violation pertaining to a US Federal Gun law. Hunter Biden is the son of US President Joe Biden. This conviction has raised questions pertaining to the federal gun law, conviction arising out of the violations of this law and the upcoming US presidential elections in November.

Pleistocene Epoch, known for its glaciers, wooly mammoths, and Neanderthals, ended just 12,000 years ago. Researchers now think that this cold period might have been caused by a space cloud blocking the Sun's warmth. As per the reports of 'Yahoo Entertainment', the researchers proposed that an interstellar cloud impacted the solar system about two million years ago. Earth and the other planets were forced to move outside the heliosphere—the Sun's shield of charged particles. Nature Astronomy published this study.

Manoj Pande nears end, the Centre has appointed Lt Gen Upendra Dwivedi, PVSM, AVSM, presently serving as Vice Chief of the Army Staff, as the next Chief of the Army Staff with effect from the afternoon of June 30, 2024.

Congress on Tuesday expressed displeasure over Uddhav Thackeray 'unilaterally' announcing Shiv Sena (UBT) candidates for the upcoming Legislative Council elections in the Konkan Graduates and Nashik Teachers' constituencies, demanding their withdrawal from the race. Maharashtra Congress president Nana Patole claimed he had attempted to contact Thackeray when the candidates were announced, but the Shiv Sena (UBT) chief was abroad.

₹3,360 crore.According to InterGlobe Enterprises statement, the proceeds will be used to expand its hospitality and other incubating businesses, as well as for general corporate purposes.The company confirmed that Bhatia will continue as a promoter and managing director of IndiGo, working with CEO Pieter Elbers to guide the airline's strategic direction.InterGlobe Enterprises will continue to remain the largest shareholder of IndiGo. As of March, the promoter group led by Bhatia held a 37.91% stake in the airline.

demat accounts, and the prohibition on the transfer of any assets without prior permission from the ED, DACSP has been incapacitated from conducting the transaction as envisaged," Sarbani Bhagat, a director at Dream Achiever Consultancy, wrote in a letter dated 10 June to BLB promoter Brij Rattan Bagri, who had agreed to sell his stake in the brokerage to DACSP.Bhagat further explained that these legal impediments have prevented DACSP from obtaining necessary approvals from stock exchanges and Securities and Exchange Board of India (Sebi), as the company no longer meets the criteria required to run a broking business. The intervening circumstances have frustrated the economic activity intended by the Agreement, Bhagat added, preventing DACSP from fulfilling its obligations within the mandatory timeline of 150 days, which is soon to lapse on 15 June 2024.“We regretfully inform you that we are constrained to terminate the Agreement and will be applying to SEBI to seek withdrawal of the open offer," he wrote.BLB promoter Brij Rattan Bagri and his family had on 17 January agreed to sell their 36.84% stake in the Delhi-based company to DACSP, which already owned 8.45% in it.

Banks are seeking innovative solutions to rebalance their credit-deposit ratio. These include reducing the minimum lock-in period for tax-saving deposits to three years to bring about parity with similar equity-linked savings schemes. There may be some merit in this demand considering a structural shift in savings behaviour of Indian households to alternative investment avenues, such as mutual funds and real estate, at a time interest rates had collapsed during the pandemic. Although interest rates have since recovered, returns offered by a rally in the stock markets and a revival of the housing market are crimping bank deposit growth. Accompanied by strong demand for credit, a key banking metric is deteriorating, prompting RBI to suggest banks review their business strategies.