Action Financial News

The Supreme Court has agreed to consider shutting down a multibillion-dollar class action investors’ lawsuit against Facebook parent Meta stemming from the privacy scandal involving the Cambridge Analytica political consulting firm

The Solana Foundation has taken decisive action against a group of validator operators involved in sandwich attacks on traders, a deceptive practice plaguing decentralized networks.

Congress leader Sachin Pilot on Monday said the opposition will not allow the new BJP-led NDA government to function in an «arbitrary» manner, following a fractured mandate in the Lok Sabha polls. Speaking to reporters in Tonk where he inaugurated a 'Shaheed Smarak', the former Rajasthan deputy chief minister also expressed grief over the loss of lives in the terror attack in Jammu and Kashmir's Reasi.

Indian Navy Ship (INS), deployed for maritime surveillance, swung into action and swiftly responded to the distress call by fishing vessel INFAN DHAS, that requested assistance following engine failure.

Three men have been charged by the Securities and Exchange Commission over allegations of fraudulent sales of shares in pre-IPO companies.

Post-harvest logistics company, Sohan Lal Commodity Management (SLCM), has acquired its second Agri Reach application patent from Intellectual Property India. The latest patent deals with “Method for Real-time Monitoring of Quality Control Data in a Warehouse Management System”.

Bandi Sanjay Kumar, the former president of the Bharatiya Janata Party (BJP) in Telangana, took oath as a Union Minister in Prime Minister Narendra Modi's new government, his mother, Bandi Shakunthala, expressed overwhelming joy. «I am proud that my son has gone from gully (streets) to Delhi. My happiness cannot be described in words. I have talked to him (son) over the phone. My family and I thank PM Narendra Modi,» Bandi Shakunthala said speaking to reporters on Sunday.

Indian Army launched a search operation in Jammu and Kashmir's Reasi on Monday morning following the attack on a bus coming from Shiv Khori, in which ten pilgrims were killed on Sunday evening.

There are many ways in which designing a monetary policy differs from drafting a Union budget. The budget is an account of money received and spent, overlaid with plans for how to structure expenditure over the next 12 months—depending on a combination of pressing political exigencies and economic imperatives—and proposals for raising money to meet this spending.

«Of course, the pocket where we have seen the best combination of growth and value have been private sector banks, that remains a reasonably large allocation for us. Healthcare services remain a decent allocation, both across hospitals, diagnostics, and pharma,» says Pramod Gubbi, Marcellus Investment. How did you manage to kind of tap into this opportunity that the market threw up in terms of making money? What was the action like at Marcellus? We are known for our inaction. We are long-term investors. We rarely react to such events and that has been the case this week as well. We have barely changed any of our portfolio positions. But going into a volatile event, our style of investing and our sort of portfolio which is comprised of strong businesses fundamentally with strong balance sheets, always tend to do better in times of adversity.

₹72.03 a share for ₹261 crore, according to a Mint analysis. Less than seven weeks after Pabrai cut his Edelweiss holding by half, RBI on 29 May restricted businesses of its lending and asset reconstruction arms, citing concerns about its lending and accounting practices. Edelweiss shares plunged 11.8% to close at ₹68.35 on 30 May, a day after the regulatory action.

Ujjwala scheme, Jal Jeevan mission, Swachh Bharat Abhiyan, and Housing for All initiatives. In Q4, the management of most FMCGs had noted action plans regarding enhancing prospect with distribution expansion." The forecast is in line with the findings of consumer intelligence firm NielsenIQ (NIQ), which reported that rural FMCG demand had outpaced urban markets for the first time in 15 months in the March quarter, although urban shoppers more than made up with increased spending on packaged items.Meanwhile, in their March quarter earnings commentary several large companies maintained a positive outlook on demand for the ongoing fiscal year.

Anil Ambani promoted Reliance Infrastructure plans to raise USD 350mn (Rs 3000 crore) through foreign currency convertible bonds (FCCB) to repay its rupee debt and start new businesses such as electric power generation. Reliance Infrastructure, which is in the construction of roads, metro rail, and generating power, also approved plans to float four companies last week, according to the disclosures made by the company to the stock exchange.

The Chosen," a series that breathes new life into a story that has been told for over 2000 years, continues to captivate audiences. Now in its fourth season, this character-driven exploration of the biblical narrative follows Jesus and his disciples as they navigate increasing conflicts with empires and rulers opposed to his teachings.

Deepika Padukone recently took to Instagram to reveal her fierce new look for the highly anticipated sci-fi thriller 'Kalki 2898 AD.' Sharing the poster, she announced that the film's trailer would be released on June 10. Her caption hinted at the significant role her character plays in the movie, which has intrigued fans even further.

equity indices, Nifty50 and Sensex, closed at record highs on Friday, erasing election day-related losses, on political continuity and a projection of faster economic growth. The NSE Nifty50 ended 2.05% higher at 23,290 points, while the S&P BSE Sensex closed up 2.16% at 76,693.

controversies surrounding Bollywood actor Kangana Ranaut, an old social media post defending Hollywood actor Will Smith's actions at the 2022 Oscars has resurfaced, sparking renewed discussions on social platforms. The incident in question dates back to the 2022 Oscars, where Will Smith, in a surprising move, slapped comedian Chris Rock on stage for making a joke about his wife, Jada Pinkett Smith.

IndiGo plane was seen landing and an Air India aircraft taking off from the same runway in less than a minute at the Mumbai airport is now under the lens of India's aviation watchdog.

Puja «The Cyclone» Tomar, made her UFC debut as India's first female fighter in UFC, and scored a victory to make history on Sunday.

Indian market closed in the green on Friday for the third consecutive day in a row. The S&P BSE Sensex rose more than 1,600 points while the Nifty50 closed just a shade below 23,300 levels.

commerce and industry ministry may seek more funds for startups in the forthcoming Budget, to be announced by the new government, to promote innovation in the country, an official has said. The new government may announce the Budget for 2024-25 in July.