Action Financial News

07.08 / 00:28
Action WhatsApp Patrick Persona Features Videos The Lord of the Rings: The Rings of Power Season 2: Check out new poster, premiere date and how to watch
Season 2 of Prime Video's The Lord of the Rings: The Rings of Power is set to premiere later this month, continuing the saga of Middle-earth's Second Age. A new character poster featuring Elrond (Robert Aramayo) has been released, hinting at the intense battles to come.
06.08 / 21:25
markets Waters Action BlackRock Trade information reports Bank of Montreal said to sell Thames Water debt at 30% discount
Bank of Montreal has sold about £300 million (US$381 million) of Thames Water’s senior debt at an almost 30 per cent discount, according to people familiar with the transaction.
06.08 / 19:55
markets UPS Google Action Mobile Apple Courts Why Google faces the slice, not the chop
antitrust action that allow Google to take the US ruling on search in its stride. Establishing market dominance and imposing correctives takes time in court, which allows the market leader to offer concessions in a negotiated settlement. Google can very well afford to not be the default search engine on smartphones running on Android and iOS and still continue to dominate the mobile search segment.
06.08 / 19:50
markets Coca-Cola Action security country International Bangladesh crisis: FMCG majors swing into action
Bangladesh operations said they are stalling field operations and keeping offices shut in the neighbouring country to ensure safety of employees and are closely monitoring the geopolitical crisis there. Coca-Cola, Hindustan Unilever, Nestle, PepsiCo, Marico and Dabur are among the companies taking immediate steps including sending out advisories to employees to stay indoors and not report to work at office a day after violent protests forced prime minister Sheikh Hasina to resign and flee to India, executives said. Some are even shutting sales operations until normalisation resumes.
06.08 / 19:38
COST Action WhatsApp Updates Vinesh Phogat final match Olympics 2024: Check date, time and other key details
Vinesh Phogat (50kg) became the first Indian woman wrestler to reach the final of the Olympic Games with a 5-0 win over Cuba's Yusneylis Guzman Lopez in Paris on Tuesday. With this win in the semifinal, Phogat guaranteed herself at least a silver medal. Vinesh was leading 1-0 at the end of the first period. She extended her dominance in the second period with four more points to seal the bout in her favour.
06.08 / 19:31
markets Target FIVE Manufacturing CEO Action Interviews Jeep eyes sub- ₹25 lakh segment to stay 'relevant' in India
₹25 lakh segment, which has the highest sales volumes India. The brand, part of the multinational automotive giant Stellantis, has struggled in its eight-plus years in India – Its models like the Compass and Meridian have made little headway, largely owing to their relatively high prices, and the lack of a 'mass-market' product. Now, it may be set to change that.
06.08 / 18:58
Provident Action Opinion Research Diversity show country Yale climate opinion maps for India: New interactive tool maps public opinion at state, local levels
Yale Program on Climate Change Communication, in collaboration with C-Voter, Tuesday released the Yale Climate Opinion Maps for India. This new online interactive tool provides the first-ever estimates of public responses to climate change in 34 of India’s 36 states and union territories, and in 604 districts, depicting the variation in global warming knowledge, beliefs, risk perceptions, and policy preferences at state and local levels across the country. Prior studies of public responses to climate change in India have often provided results only at the national level. The recent national survey in India found that large majorities in India are worried about climate-related hazards, but until now we had little information about the diversity of climate opinions within the country. While national data show that 41% of people in India say they know a lot or something about global warming, there is substantial geographic variation within the country. In Gujarat, 52% of Indians know a lot or something about the issue, whereas in Maharashtra, only 33% report this level of knowledge. More Indians living in state capital cities say they know a lot or something about global warming compared to other districts. 74% think global warming will cause more severe heat waves and 85% are worried about global warming.
06.08 / 18:07
BLOCK Action Assurant Pride cover prevention Features If insurance company makes late payment, penalty of 12 percent will be imposed: Shivraj Chouhan
Farmers' Welfare and Rural Development, Shivraj Singh Chouhan, announced that under Pradhan Mantri Fasal Bima Yojana (PMFBY), a penalty of 12 per cent will be imposed on insurance companies if the claimed payment gets delayed, which will be directly deposited into the farmers' accounts. According to a press release by the Ministry of Agriculture and Farmers Welfare, he identified state government delays in releasing premium amounts as the primary cause of payment delays and urged prompt action. The central government will release its share immediately to prevent further delays, with payments being made directly to farmers' accounts from the Kharif season onward. Chouhan attributed the bulk of payment delays to issues such as delayed release of premium amounts by state governments and disputes between insurers and state authorities.
06.08 / 16:56
Blockchain Ethereum Action security Features Headlines Korea Blockchain Week 2024 Names Movement Labs the Official Conference Partner, Unveils New Headline Speakers and Sponsors
The premier Web3 conference KBW2024: IMPACT is set to host over 10,000 attendees from 3-4 September 2024
06.08 / 15:37
markets Platform Action wellness country exclusive reports BGMI maker Krafton chooses India as its biggest bet
Mint in an exclusive interview that the company sees India as a crucial market. “Globally, India is already the fourth- or fifth-highest contributing market for Krafton. In the future, India has the potential to become the biggest market for Krafton thanks to its unique position of the sheer size of the market, as well as an increasing amount of interest in e-sports in the country," he said on Tuesday.
06.08 / 14:32
UPS FIVE Action information 2020 guidelines Banks write off loans worth Rs 9.90 lakh cr in last 5 financial years
Banks have written off loans worth Rs 9.90 lakh crore in the last five financial years, Parliament was informed on Tuesday. During 2023-24, banks loan write off was at Rs 1.70 lakh crore, as against Rs 2.08 lakh crore in the previous fiscal, Minister of State for Finance Pankaj Chaudhary said in a written reply in the Rajya Sabha. Write-off was highest at Rs 2.34 lakh crore during 2019-20, which came down to Rs 2.02 lakh crore in the following year and to Rs 1.74 lakh crore in 2021-22. As per the RBI guidelines and policy approved by banks' boards, NPAs, including those in respect of which full provisioning has been made on completion of four years, are removed from the balance-sheet of the bank concerned by way of write-off, he said.
06.08 / 14:31
Blockchain Provident BLOCK Action Enterprise Experts reports TRAI asks telecom firms to block bulk calls & adopt blockchain for spam control"
telecom regulator has asked service providers and telemarketing companies to take immediate action against enterprises indulged in bulk calling through 10-digit numbers and deploy technical solutions which can trace and block such calls. ET has reported last week that the Telecom Regulatory Authority of India (TRAI), on July 24, directed all telecom firms to submit data around unregistered telemarketers, against whom maximum complaints have been registered by consumers in the April-June quarter. Telecom consumers receive lakhs of robocalls everyday by unregistered entities or telemarketers. Such calls bypass the system as these entities use a normal 10-digit numbering series and not the one assigned for telemarketing, say officials.
06.08 / 14:12
markets Manufacturing Action President War International Surat diamond firm announces 10-day 'vacation' for 50,000 employees citing recession
polished diamonds in international markets due to recession. As per Kiran Gems company website, it is the 'world's largest manufacturer of natural diamonds. «We have announced a 10-day vacation for our 50,000 employees. Though we will deduct some amount, all employees will be paid a salary for this period. We are forced to announce this vacation because of the recession. I am tired of this recession now,» Kiran Gems chairman Vallabhbhai Lakhani told PTI. He underlined the short supply of rough diamonds and the lack of sufficient demand for polished diamonds exported by the company.
06.08 / 11:49
UPS Extreme Action security Sustainability wellness country The Economic Survey has wide gaps and odd arguments on climate change
The Economic Survey of 2023-24 has a distinct tone of defensiveness. While it has done well in identifying the multitude of challenges facing the country, it has not fully addressed the deep underlying causes that have led to India’s vulnerability, especially in the face of growing nationalism and climate change.
06.08 / 11:28
markets COST Action wellness Trade reports Features Britannia cracking volumes but margin may be soggy
MUMBAI : A key striking feature of Britannia Industries Ltd’s June quarter results is its high single-digit volume growth, estimated at 8% year-on-year, a multi-quarter high. However, pricing was weak, so revenue growth has lagged volume growth yet again. Britannia’s consolidated operating revenue increased by 4% year-on-year in the three months ended 30 June (Q1FY25) to ₹4,130 crore as pricing declined.
06.08 / 08:00
markets Provident Target Platform Action country reports Ahmedabad crypto exchange gets Rs 722 crore GST notice, a first for crypto sector
GST Intelligence (DGGI) has issued a show-cause notice to a prominent cryptocurrency exchange, demanding a Goods and Services Tax (GST) payment of Rs 722 crore, ToI reported on August 6. This unprecedented action marks the first time the DGGI has targeted a cryptocurrency firm, setting a significant precedent in India’s regulation of the burgeoning virtual currency market, said the report (by Niyati Parikh). The notice was issued for fees collected from Indian customers trading in virtual digital assets (VDAs) on the platform, categorized under online information database access or retrieval (OIDAR) services. Earlier this year, the cryptocurrency exchange had received approval from India's financial intelligence unit (FIU) to register as a virtual asset service provider (VASP). However, the company was recently penalized Rs 18 crore by the FIU for failing to comply with anti-money laundering (AML) regulations. Despite being a major global player with a substantial market share and operations in multiple countries, the company had not registered under the Indian GST framework, leading to scrutiny from Indian tax authorities. It was revealed that the company earned at least Rs 4,000 crore from transaction fees charged to Indian customers, with these earnings credited to an account of a group company based abroad. The company has a global user base of 90 million, including a significant number of Indian customers.
06.08 / 07:42
markets Action Strategy performer reports Action underway to address performance on over 30% of Ninety One funds
In the report, the board of Ninety One revealed that eight out of the 26 funds received an 'amber' rating due to inconsistent performance, but the asset manager noted that actions have already been put in place to boost performance.  Ninety One merges two funds following underperformance One of these eight funds, the Emerging Markets Equity, also failed to achieve a ‘green' rating for its comparable market rates with the report highlighting that the fund's charges are «under review», but said it was currently deemed «reasonable for the specialist investment strategy and fund's size». ...
06.08 / 05:32
COST Citi Action economy Interviews Looming rail strike has Canadian shippers bracing for worst: ‘Nothing moves’
Shippers and producers held their breath ahead of a possible strike by thousands of railworkers this month that would halt freight traffic, clog ports and disrupt industries.
06.08 / 02:10
UPS Action Food reports Sporting Olympic shot-putter claims THIS massive diet wins him medals at the Paris Games, here's what we know
Paris Olympics 2024 saw Crouser give some of his best action left in him, the credit for which he partly gives to the massive daily diet he consumes in order to stay agile and strong during such tough competitions.
06.08 / 00:44
UPS Action Racing wellness athletics wrestling Paris Olympics 2024 schedule for today, Tuesday, August 6: When and where to watch live action in athletics and other events
Paris Olympics medals tally. Moreover, all eyes will be on the 'power of women', starting off with the women's 200m final on the day, that is sadly going to see Jamaica's ace sprinter Shericka Jackson pulling out of the race. However Team USA and Team Great Britain will still be top contenders for a medal finish here in Paris' Stade de France.
05.08 / 14:35
Action WhatsApp Justice concert reports Courts Investigations PDS Scam: Prime accused bureaucrats were in contact with HC judge handling the case in 2019, ED tells SC
Enforcement Directorate told Supreme Court that the two prime accused senior bureaucrats in the Nagrik Apurti Nigam (PDS) scam of Chhattisgarh, were in contact with the judge who granted bail to one of the two. According to ED, Anil Kumar Tuteja and Alok Shukla were speaking to the High Court judge who «granted bail to Shukla in October, 2019.» ED claims that the two accused were in contact with the judge through Satish Chandra Verma, the then advocate general. While the probe agency has not named the judge in the affidavit filed on August 1, contents from WhatsApp chat details linked to the case found in annexures state that Justice Arvind Kumar Chandel was the judge in question, who was reached through former state chief secretary Ajay Singh. Justice Chandel was tranferred to Patna High Court this year.

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