Action Financial News

Big retailer EnergyAustralia is facing millions of dollars in potential fines after the corporate regulator alleged it failed to provide simple price information to customers so they could compare offers with other providers.

Canberra Airport’s chief has blasted Qantas, accusing it of mistreating its staff and customers, and breaching contract conditions as he called for heavier regulation to finally bring the national carrier “to heel”.

Supreme Court on Friday refused to entertain a PIL seeking an audit of the software used in electronic voting machines (EVMs) used by the Election Commission. A bench comprising Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra said no actionable material that the poll panel «acted in breach of constitutional mandate» in holding polls has been placed before it. «The Election Commission is entrusted with the control over elections.

PTI, the Mirwaiz will be allowed to take part in the Friday congregational prayers at the historic Jamia Masjid in the Nowhatta area here, the officials from the Anjuman Auqaf Jamia Masjid -- the management committee of the mosque -- said. "Senior police officials visited the residence of the Mirwaiz on Thursday to inform him that the authorities have decided to release him from house detention and allow him to go to Jamia Masjid for Friday prayers," the Auqaf said in a statement.

Ashish Gupta, CIO, Axis Mutual Fund, says “following inclusion of Indian bonds into the JP Morgan EM index next year, while money will flow directly into the fixed income markets, it will also drive the overall liquidity in the ecosystem. There can be flow of money into the equity market. The rate sensitives are driving the market today because there is potentially an easier outlook on rates with improved liquidity. Traditional beneficiaries like banks, NBFCs and real estate would be the first port of call. Industrial stocks will also benefit.”It was more a bolt out of the blue when the US Fed upgraded their economic guidance for next year. What would be the implications of that because at the beginning of the year, the narrative was that the US will slow down or hit a patch of soft landing and China will come back and surprise everybody. Well, the surprise has come, but it is the opposite of what we anticipated.No, I think you are absolutely right. The global macro has surprised this year. But the positive surprise has primarily been only from the US and if we look at global growth in aggregate, while the US has surprised positively, Europe has surprised negatively and China, as you mentioned, has been a negative surprise.

«I think these are, let us say times of tipping point so you would see sudden shifts and you would see lots of improvements and almost every day is going to be an exciting day,» says Jairam Sampath, Kaynes Technology.First HNI investors, then institutional brokerages and now retail brokerages, are you surprised with how suddenly everybody is excited about the EMS space?Yes, so in our journey for the country from a low income group to a reasonably sized income, I think one of the things which was lacking in our country was the impetus to manufacturing and I think it looks like electronics manufacturing is going to be the flag bearer of the emergence of manufacturing. I would not say resurgence because we always had not too much of manufacturing on our plate. So yes, I am not surprised that across the board, people are excited and they are lending their support both morally and physically.Your big deal wins in last three months, which give you the confidence that the renaissance moment has arrived?I think these are, let us say times of tipping point so you would see sudden shifts and you would see lots of improvements and almost every day is going to be an exciting day.

Delhi Chief Minister Arvind Kejriwal has embraced a new digital avenue to connect directly with the people of the city. His personal WhatsApp channel went live on Friday, shortly after the launch of the Delhi Chief Minister's Office (CMO) WhatsApp channel earlier this week. The move underscores the Delhi government's commitment to establishing a more «personal connection» with its citizens, as stated by the Chief Minister's Office (CMO).

Booker Prize. Kenya-born Maroo's novel set within the context of the British Gujarati milieu has been praised by the Booker judges for its use of the sport of squash as a metaphor for complex human emotions.

Former a16z general partner Katie Haun believes it is "a really good time" to invest in the crypto industry. 

G20 meeting earlier this month. A Financial Times report said, people close to the development during the G20 meeting cited, “Several members of the Five Eyes — an intelligence-sharing network that includes the U.S., the UK, Canada, Australia and New Zealand — raised the June killing in British Columbia of Hardeep Singh Nijjar, a Sikh separatist leader, with Modi." The leaders intervened at the G20 summit after Canada urged its allies to raise the case directly with Modi, the newspaper reported. However, White House did not immediately respond to the report.

Chandrayaan-3 LIVE Updates: All eyes on Chandrayaan-3, as ISRO attempts to revive 'Vikram lander and Pragyan rover today. With dawn breaking on the Moon, ISRO is now gearing up to try to reestablish communication with its lunar mission Chandrayaan-3's solar-powered lander Vikram and rover Pragyan, to revive them so that they can continue with scientific experiments.

UN Security Council resolutions that ban any weapons trade with North Korea. Russia, a permanent member of the UN Security Council, voted for those UN resolutions.

Chandrayaan-3: With dawn breaking on the Moon, ISRO is now gearing up to try to reestablish communication with its lunar mission Chandrayaan-3's solar-powered lander Vikram and rover Pragyan, to revive them so that they can continue with scientific experiments. Both the lander and the rover were put into sleep mode earlier this month on September 4 and 2 respectively, ahead of the lunar night setting in on Earth's only natural satellite.

Justin Trudeau reiterated his concerns over India's involvement in the death of Khalistani leader Hardeep Nijjar. However, these claims remain unsubstantiated, with no concrete evidence presented by the Canadian government despite claiming to have 'credible reasons' for making the allegations. According to reports from CBC (Canadian Broadcasting Corporation) released overnight, Canada's government allegedly claimed to have collected a trove of intelligence over several months concerning Nijjar's demise.

Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd., says “one should not be getting euphoric in EMS space. The same thing applies to defence and railways stocks. We will have to keep a level head on this particular aspect. There is going to be growth. There is going to be opportunity. But at the same time, one should keep an eye on whether they will generate enough margin. Keep an eye on whether they generate growth beyond 20%.”In the case of PSU stocks, when you see price action, which is close to its free float, and then the government holding is tight, one would expect a lot of volatility.I probably do not want to disagree but I would like to say that the market has created a situation where in an election year, the government is not likely to divest public sector companies shares and as a result of which, the free float in the market is going to remain comparatively tight. As a result of which and because of the new funds which are coming into the market, people would like to buy something which they missed out till now. As a result, they would create a situation of buying into them.

Justin Trudeau reiterated his concerns regarding India's involvement in the assassination of Khalistani leader Hardeep Singh Nijjar, emphasizing that there are 'credible reasons' to support these claims. He also reiterated Canada's commitment to the international rules-based order. Addressing the complex diplomatic situation during a press conference at Canada’s Permanent Mission to the United Nations Trudeau said, «As I said on Monday, there are credible reasons to believe that agents of the Government of India were involved in the killing of a Canadian on Canadian soil.

New York Giants' running back Saquon Barkley has officially confirmed that he is dealing with a high ankle sprain. The injury occurred during the team's victory over the Arizona Cardinals last Sunday and was initially thought to be a regular sprain.

Singapore police say they have uncovered more luxury watches, gold bars and other assets from a massive money laundering scheme that was busted last month, bringing the total amount of assets seized or frozen to $1.75 billion

Azure Power Global is looking to tap existing investors — Canada's CDPQ and OMERS — and also exploring options like selling minority stakes in its projects and bank debt, to raise as much as ₹5,800 crore ($700 million) to fund capacity expansion. It is considering part equity and part debt for the fundraising as it works to limit leverage. «Azure Power will need $700 million to deliver the next three power projects including 700 MW solar, 120 MW wind and 150 MW hybrid project,» said a company spokesperson. «To deliver the projects by next financial year, Azure will have to bring in part equity and raise debt.

India has begun work on an action plan to facilitate investment in the country’s startup sector that is likely to include scaling up of the seven-year-old Startup India initiative.As part of the plan, under discussion, the Department for Promotion of Industry and Internal Trade (DPIIT) is also looking at developing indicators such as investments, number of startups in a sector and employment generation to track performance of startups.“The plan

Labour unions and Chevron have agreed to a compromise deal put forward by an industrial umpire, spelling the end to more than two weeks of work stoppages that threatened to disrupt LNG exports from Western Australia.