India Financial News

Telegram just weeks after the Telegram Founder was accused of allowing the messenger app to facilitate crime, news agency Reuters reported on Friday, September 20.The alleged creator of the chatbots told a security researcher, who alerted the agency of the development. According to the report, the private details of millions of people were for sale, and samples could be viewed by asking the bots to disclose them.Star Health and Allied Insurance told Reuters in a statement that the company reported alleged unauthorized data access to local authorities.

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Jammu and Kashmir recorded 61.38 per cent votes in phase one of polling, the Election Commission of India announced on Friday. While the total male turnout stood at 63.75 per cent, total female turnout, data showed was at 58.96 per cent. Third gender turnout was recorded at 40 per cent, ECI data showed.

foreign exchange reserves extended their winning run for a fifth straight week to hit a record high of $689.46 billion as of Sept. 13, data from the central bank showed on Friday. The reserves rose by $220 million in the reporting week, after having risen by a total of $19.1 billion in the prior four weeks.

“The only thing you need to keep in consideration and know very well is when to stop,” Gupta said, in a Fireside Chat, ‘To India with Love: Aman Gupta on Orchestrating boAt’s Product-driven Success,’ moderated by Deepak Ajwani, Editor, Economictimes.com. Gupta delved deep into his journey of making possible boAt’s product-driven success in a market that is obsessed with services. Speaking further on making mistakes, he said that he, on a personal level, has continued to make mistakes, and learning from them going forward. “In recent times, we, as a company, ventured into smartwatches. It was a mistake all along. It was the worst move ever, and I like to call it a race towards the bottom,” Gupta said. “I have learned from it and I have moved ahead.” He added that it was better to “fail fast and learn fast” than doing nothing at all.

venture capital (VC) funding in the country picks up pace, with the likes of Rapido, Ather Energy and Porter joining the unicorn club recently, participants at the ET Soonicorns Summit said on Friday. The Summit, a startup-tech initiative by the Economic Times, organised a panel discussion to provide insights into the future prospects and potential of the Indian venture capital ecosystem. The panel discussion titled ‘Surge in Investor Interest: Vision and Outlook for the Indian VC Ecosystem Beyond Hype and Uncertainty’ delved into the underlying factors driving investor interest, and addressed the challenges and uncertainties existing in the market.

Bombay High Court on Friday held as unconstitutional and struck down the amended Information Technology (IT) Rules which sought to identify fake and false content on social media against the government. The matter was assigned to Justice A S Chandurkar as 'tie-breaker judge', after a division bench in January delivered a split verdict on the petitions challenging the amended IT rules. Justice Chandurkar on Friday held that the rules violated constitutional provisions. «I have considered the matter extensively. The impugned rules are violative of Article 14 (right to equality), 19 (freedom of speech and expression) and 19(1)(g) (freedom and right to profession) of the Constitution of India,» the judge said.

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Tamilnad Mercantile Bank Ltd on Friday said the Reserve Bank of India has approved the appointment of Vincent Menachery Devassy as its Whole Time (Executive Director) of the bank. The appointment would be for a period of three years, from the date of assuming charge, and subject to the approval of shareholders, Tamilnad Mercantile Bank said in a BSE filing.

Anna Sebastian Perayil, a 26-year-old Chartered Accountant who passed her exams in 2023, tragically passed away after working at Ernst & Young (EY) Pune office for just four months. According to a letter her mother, Anita Augustine, wrote to Rajiv Memani, the Chairman and Managing Partner of EY India, Anna had been overworked to the point of breaking. In her letter, Anita Augustine expressed the deep anguish the family felt, not only from the loss of their daughter but also from the apparent lack of empathy shown by Anna's employers. “No one from EY attended Anna's funeral,” she wrote. The absence of her colleagues and managers during such a crucial time added to the family's sorrow. According to her mother, Anna had given her all to EY, yet in her final moments, no one from the organization was present to pay their respects. Anna's death and her mother's emotional letter have since gone viral on social media, sparking conversations about the toxic work culture in many multinational corporations.

The NSE Nifty index closed 375.16 points up at 25790.95, while BSE Sensex ended up 1359.51 points at 84544.31.

HDFC Bank has given its in-principle approval to take its financial services unit HDB Financial Services public through an initial public offering (IPO). Under the IPO, the fresh equity sale will be Rs 2,500 crore. There will be an offer-for-sale component, where interested existing and eligible shareholders of the company may offer to tender their equity shares.

Subscribe to enjoy similar stories. In his travelogue If it’s Monday it Must be Madurai: A Conducted Tour of India, author Srinath Perur opens with a chapter on a bus tour of south Indian temple towns, beginning with Madurai. Writing about a fellow traveller, a Bengali gentleman who finds himself in strange culinary waters, Perur writes: “He is also unhappy that the group eats only at restaurants that are either ‘pure’ or ‘classic’ vegetarian.

digital marketing expert, who previously worked in India for over three years, expressed frustration over his current annual salary of CAD 17,500 (approximately ₹10.78 lakhs).He shared his experience in a recent video interview with Piyush Monga, a digital creator, which has since gone viral on Instagram, receiving over 2,000 likes.The young professional, dissatisfied with his pay, voiced concerns about the undervaluation of Indian work experience in Canada. "Obviously, no one is happy.

Subscribe to enjoy similar stories. NEW DELHI : The Indian arm of Norwegian investment company Orkla ASA, which sells spices and food products under the MTR Foods and Eastern Condiments brands in the country, is likely to complete its business restructuring in another 12 months before exploring a public listing, said a top executive. The company announced in October 2023 that its India businesses would be reorganized into one entity, Orkla India.

Channels monthly. In India alone, some of the most followed channels include Bollywood stars like Kareena Kapoor Khan and Katrina Kaif, as well as the Indian Cricket Team, Diljit Dosanjh, Vijay Deverakonda, and Netflix India.

«We clearly believe that at this point of time, if you look at risk reward, largecap is where risk reward looks far better compared to midcaps and smallcaps,» says Harshad Patwardhan, CIO, Union MF. We were speaking with our technical expert earlier and he is talking about 26,000 on the index as soon as next week. What about the top of the year because at 24,000 we thought that perhaps fundamentals are not running as fast as the valuations, 25,000 same questions being asked about valuations, but it just seems like it is all about liquidity, momentum, and flows. Harshad Patwardhan: Absolutely right, fundamentals do assert themselves over medium to long term. But in the near term, clearly the liquidity or the demand-supply tends to overwhelm fundamentals. However, I must point out that medium- to long-term fundamentals of Indian economy, corporate sector look very-very robust. So, to that extent, yes, sometimes the valuations will run ahead of themselves. Stocks and sectors will run ahead of themselves but so long as the medium- to long-term trajectory you are sure of, these things tend to happen. So, I do not really worry too much about it. Having said that, we clearly believe that at this point of time, if you look at risk reward, largecap is where risk reward looks far better compared to midcaps and smallcaps.

Samsung Electronics has warned its striking workers in southern India they will not receive wages if they continue protesting and also face the risk of termination, a company email showed, escalating a dispute between the company and its employees. Hundreds of Samsung workers have since Sept. 9 disrupted work and protested in a nearby makeshift tent close to its home appliances factory near the city of Chennai. They have been demanding higher wages and recognition of a union at the plant, which contributes roughly a third of Samsung's annual India revenue of $12 billion. Samsung last week sued the protesting union in a district court, seeking a temporary injunction to restrain sloganeering and making speeches in and around the factory. But the judge on Thursday only called for a swift resolution.

Sana Khan married cleric Mufti Anas Syed in 2020 and left showbiz. In a recent interview with The Times Of India, Khan revealed that she was in a “very bad phase,” when she met her husband and was even contemplating suicide. However, her unwavering faith (the act of suicide is considered a sin in Islam) kept her from giving in to self-destructive thoughts.

Retail inflation for farm workers and rural labourers eased to 5.96 per cent and 6.08 per cent, respectively, in August against the comparative figures of 6.17 per cent and 6.20 per cent recorded in July this year. The All-India Consumer Price Index for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI-RL) registered an increase of 7 points each in August 2024, reaching levels of 1297 and 1309, respectively.

LIC Mutual Fund has launched LIC MF Manufacturing Fund, an open-ended equity scheme following manufacturing themes. The new fund offer or NFO of the scheme is open for subscription and will close on October 4. The units under the scheme would be allotted on October 11. Also Read | US Fed rate cut: Do international mutual funds look attractive now?