Action Financial News

By Renju Jose, Lewis Jackson and Emily Chow

By Steve Scherer

₹2.5 lakh for pre-school and primary teachers to ₹6 lakh for lecturers. Based on input from teachers on Quora, salary revisions occur sporadically, typically every 3-4 years, with modest annual increases of 5-8% in urban settings. Going by remuneration data, teaching is easily among the lowest paying jobs in India, especially at school level.

The world’s biggest banks aren’t telling stakeholders what they need to know to judge how big the industry’s carbon footprint is, according to a fresh study.

Trade groups for the world’s biggest hedge funds and private equity firms are taking the Securities and Exchange to court over new restrictions it placed on the industry last month.    

Olympic gold medalist Adam Peaty, 28, and fellow Team GB swimmer Luke Greenbank, 25, has come to light. The incident reportedly ensued after Peaty allegedly made a provocative comment about Greenbank's partner and then slapped Greenbank on the backside. The tense clash occurred during a British Swimming training camp.

Financial Stability Board (FSB) on Tuesday warned that higher interest rates alongside a slowing growth outlook, could impair the capacity of borrowers to service historically high levels of debt. The FSB has published two letters from its Chair, Klaas Knot, to G20 Leaders ahead of their Summit in New Delhi on September 9-10. The first letter outlines the work FSB has undertaken under the Leadership of India's G20 Presidency to address existing vulnerabilities in the financial system and enhance the resilience of the financial system to structural change. The second letter provides to G20 Leaders an update on the G20 Cross-border Payments Roadmap. FSB, in its communication to G20 leaders, stressed that a resilient and stable financial system is indispensable to sustaining economic growth, particularly in the current environment.

medical education regulator, the National Medical Commission (NMC), has raised a red flag about several fake letters, allegedly issued in its name, asking medical colleges to increase the number of seats in various specialities. The regulator has clarified that such letters cannot be considered valid permission from NMC.

West Bengal Chief Minister Mamata Banerjee attacked Governor CV Ananda Bose, alleging that he was holding back bills passed by the state assembly. "The governor's actions are an attempt to paralyse state administration. He cannot hold back finance bills," she said.

In the latest DEX skyrocket, POW token - otherwise known as Pepe of Wall Street - has exploded more than +3,000% in a magnificent pump.

Vanessa Hudson has vowed to focus on customers as she tries to repair the national carrier’s battered reputation after Alan Joyce abruptly quit as the chief executive of Qantas two months earlier than planned.

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Taiwan’s government is racing to counter China, buying nearly $19 billion in military equipment from the United States, and extending military conscription for men to a year starting in 2024

Supreme Court on Tuesday adjourned for a week the hearing on a plea filed by former JNU student Umar Khalid seeking bail in a case lodged under anti-terror law UAPA over his alleged involvement in the conspiracy behind the northeast Delhi riots of February 2020.

Sanatana Dharma, calling it the "kingpin of the conspiracy" against Hinduism and Sanatana. In a post on X (formerly Twitter), Assam CM said, “Rather than taking action against their alliance partners for anti-Hindu statements, Congress is seeking refuge behind the veil of “Freedom of Speech"." “Had the said leader made a comment on eradicating Islam or Christianity or any other religion, would Congress have brushed aside the issue as “freedom of speech"? In fact, it is now clear that Congress is a key conspirator in the “Annihilation of Sanatan Dharma" gang," Sarma further wrote.

The corporate regulator will launch legal action against Westpac on Tuesday alleging it failed to respond to requests from hundreds of its customers struggling with loan repayments over a seven-year period, who wanted to enter hardship arrangements with the bank.

Sensex and Nifty rallied for the second straight session on Monday. The BSE benchmark Sensex climbed 240 points to settle at 65,628, while Nifty rose 93 points to end at 19,528.80. Stocks that were in focus included names like Kotak Bank, which fell 0.37%, IDFC First Bank, which gained 5.78%, and Nazara Tech, whose shares jumped 10.20% on Monday. Here's what Riches Vanara, Technical And Derivatives Analyst at StoxBox, recommends investors should do with these stocks when the market resumes trading today.Kotak Mahindra Bank — BuyOn the weekly chart, the stock has been trading in a range of 3% since the last 4 weeks and the only positive thing in this setup after a sharp sell off is that the stock is not making a new low. This seems to be a positive sign and can be seen as supply is getting exhausted.

Asian equities fell on Tuesday as the spotlight remained on China and its efforts to stabilise its stuttering post-pandemic economy, while traders awaited the outcome of a policy meeting of the Reserve Bank of Australia. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.75% lower at 511.14, moving away from 515.37, the highest level since Aug. 11 it touched on Monday. China shares clocked their best day in over a month on Monday on the back of fresh measures to help boost the faltering economy.

G20 Summit, External Affairs Minister S Jaishankar on Monday said the focus should be on the position taken by countries on key burning issues than on the levels of representations at the conclave. «At the end of the day, countries are represented by whoever they have chosen to represent them.

Last week brought high volatility but little change for bitcoin's price, which registered a high of $28,167 and a low of $25,328 but closing the week down a modest 0.48%.