Action Financial News
12.07 / 05:35
IPO
Provident
Ball
Platform
Action
Mobile
Financial
New policy won't have any major financial impact on our performance: Nitish Mittersain, Nazara Tech
«Basis this new policy, there will be some impact and I am sure our teams, as well as the industry will work very closely to mitigate as much impact as we can over here,» says Nitish Mittersain, Nazara Tech.You have clarified that it us about 5.2% of your overall revenue on skill based gaming. So take us through the impact on Nazara. As you know, this has just been announced yesterday. And it us a bit early for us to be able to define impact on our skill based real money gaming business.
12.07 / 05:27
12.07 / 05:25
Target
FIVE
Action
TCS
SPY
share price
HCL Technologies share price in focus ahead of Q1 results; check details
HCL Technologies shares traded choppy on Wednesday's trading session ahead of the company's Q1FY23 (April-June) quarter results. Analysts anticipate that the company would report weak financial results for the April–June quarter of the current fiscal year (Q1FY24), mostly as a result of a downturn in the market environment and the impact of cancelled ER&D (engineering research and development) projects. HCL Tech share opened at ₹1,117.05 apiece on BSE.
12.07 / 04:35
UPS
Citi
Provident
Waters
Aware
Action
Time
Raging Yamuna nears all-time record level in Delhi
Yamuna river in Delhi swelled to 207.25 metres and was flowing precariously close to the all-time record level of 207.49 metres reached in 1978, government agencies said on Wednesday. According to the Central Water Commission's (CWC) flood-monitoring portal, the water level at the Old Railway Bridge crossed the 207-metre mark at 4 am, the first time since 2013, and rose to 207.25 metres by 8 am on Wednesday. It is expected that the river will rise to 207.35 metres by 12 noon on Wednesday and continue to rise further, an official of the irrigation and flood control department said.
12.07 / 03:21
Provident
Target
Action
Rate Cut
interest rate cut
Fed's Bullard argues interest rate cut is 'insurance' against rising risks
The Gartman Letter Publisher Dennis Gartman on the outlook for Federal Reserve policy.
12.07 / 02:37
BLOCK
Progressive
Action
RIG
West Bengal Panchayat Polls: BJP state chief holds ‘dharna’, accuses TMC of result manipulation
ANI, as reported This action was taken in response to the alleged manipulation of results in the Panchayat polls, counting for which had commenced earlier in the day. Majumdar, as the state BJP chief, announced his intention to seek legal remedies to address this matter. "Despite our candidates winning in the elections...the results are being fabricated.
12.07 / 02:01
Cooper
Citizens
Action
BURST
Volodymyr Zelenskyy attacks NATO as 'no timetable set for Ukraine's membership'
alliance after the members said they would allow Ukraine to join the alliance “when allies agree and conditions are met". Following this statement, Zelenskyy blasted the organization’s failure to set a timetable for his country as “absurd." Although many NATO members have funneled arms and ammunition to Zelenskyy’s forces, there is no consensus among the 31 allies for admitting Ukraine into NATO’s ranks.
12.07 / 01:55
COST
UPS
Action
PSU banking space is going to surprise the market: Vinit Bolinjkar
«We believe that that stock has got significant upside potential. In the housing finance space, we like PNB Housing. We believe that stock has got potential to re-rate by 40%,» says Vinit Bolinjkar, Ventura Securities.We have been asking our experts as to in this kind of market wherein we are almost close to that all-time high and on a daily basis clocking a new peak barring the last two trading sessions, where do you think in this market are pockets of overvaluation and which are the pockets which you still think are undervalued? Let me start with the undervaluation because that is what people would like to hear.
12.07 / 01:15
Twitter
Reuters
Platform
Action
Align
Reddit
Immunic
Reddit triumphs as WallStreetBets founder's lawsuit crumbles
Reddit. The founder, Jaime Rogozinski, had accused Reddit of unjustly banning him from moderating the community and infringing on his trademark rights, Reuters reported. According to Rogozinski, Reddit removed him in April 2020 to prevent him from controlling the renowned brand that contributed to Reddit's substantial valuation of $10 billion by late 2021.
12.07 / 00:51
UPS
Microsoft
NASDAQ
Action
Apple
Big tech's dominance hits breakpoint for Nasdaq 100
tech companies have become too large even for the stock index tracking America's biggest tech companies. Now the benchmark's overseer is taking action to pare back their influence. The seemingly unstoppable growth of megacaps like Apple and Microsoft mean they have breached an upper limit imposed on stocks in the Nasdaq 100.
11.07 / 22:03
Provident
Target
Action
Verizon
Verizon 401(k) lawsuit settles for $30 million
Verizon will pay $30 million to settle a 2016 lawsuit over an underperforming hedge fund the plaintiffs alleged the company dragged its feet in removing from its retirement plan.
11.07 / 20:50
UPS
Platform
Action
Stiff tax on gross revenue spooks online gaming cos
NEW DELHI : The Goods and Services Tax (GST) Council on Tuesday decided to tax online gaming companies at 28% of their gross revenue, or full face-value of transactions and entry fees paid by gamers, disappointing an industry that has lobbied for months to be taxed on its profit rather than revenue. Online gaming firms have so far paid 18% GST on their net profit. Alongside the new tax regime, Union finance minister Nirmala Sitharaman said at a press conference after the GST Council’s 50th meet that online gaming services “are not actionable claims".
11.07 / 19:29
Action
Fighting
inclusion
network
Centre
Centre allays concerns of states over inclusion of GST network under PMLA
Goods and Services Tax Network (GSTN) under Prevention of Money Laundering Act, saying that the body will share information with Financial Intelligence Unit and not with the Enforcement Directorate and move was in line with the requirement under the Financial Action Task Force (FATF). India's FATF review is due in November.
11.07 / 18:47
Williams
Action
Fine
Six states impose $4.2M fine on Raymond James for excessive fees
Six states ordered Raymond James to pay $4.2 million in fines and penalties and return $8.25 million to retail customers who were charged excessive commissions for small-dollar trades.
11.07 / 18:39
UPS
Action
Rains hit hydropower ops in North India
New Delhi: The heavy rains in North India have impacted operations at hydropower plants for the past couple of days. Officials with hydropower companies said that power generation has been impacted by accumulation of silt. Several hydropower projects in Jammu and Kashmir and Himachal Pradesh have been shut for the past two days.
11.07 / 18:39
UPS
Provident
Target
Digital
Action
Mobile
Bank of Baroda denies linking bank accounts to stray mobile numbers
₹1.5 million ($18,150) in 2021 as his registered mobile number lapsed and got reassigned to someone else, who exploited the mobile banking access to the hilt. Al Jazeera found tweets from Bank of Baroda customers alleging that money sent to them via their mobile number-linked bank account ended up in someone else’s bank account since their phone number was apparently registered with multiple accounts.
11.07 / 18:19
Action
NOT
Who is ED director not important; action on rampant corruption of cozy club of entitled dynasts will continue: Amit Shah
Amit Shah said on Tuesday. He said this hours after the Supreme Court held as illegal the third extension granted to the Enforcement Directorate chief Sanjay Kumar Mishra and curtailed his extended tenure to July 31.
11.07 / 17:33
11.07 / 17:25
Action
Bank of America Ordered to Pay $250 Million Over Wrongful Fees, Fake Accounts
Federal regulators hit Bank of America with a $250 million penalty for opening credit-card accounts in customers’ names without their consent and double-charging fees. The Consumer Financial Protection Bureau said the bank opened credit-card accounts without permission from customers using credit reports it obtained illegally. Bank of America employees also improperly withheld credit-card rewards and charged overdraft fees several times for the same transactions, the CFPB and another regulator, the Office of the Comptroller of the Currency, said.
11.07 / 17:25
Reuters
CEO
Platform
Action
Racing
Strategy
Pool
'Implementation of 28% GST rate will bring challenges to online gaming industry'
Nirmala Sitharaman on Tuesday said that the GST Council has decided to impose 28% tax on the turnover of online gaming, horse racing and casinos on full face value. The panel, headed by the Union finance minister and comprising of representatives of all states and UTs, decided on tax rate based on recommendation of a group of ministers that looked at taxing casinos, horse racing and online gaming. The issue before the GoM (group of ministers) was whether to impose a 28 per cent GST on the face value of bets, or gross gaming revenue, or just on platform fees.
11.07 / 17:25
Target
FIVE
Progressive
Action
415 mn Indians no longer poor, says UN
NEW DELHI : As many as 415 million Indians moved out of poverty in the 15-year period between 2005/2006 and 2019/2021, the UN said in a report on Tuesday. The latest update of the global Multidimensional Poverty Index (MPI) was released by the United Nations Development Programme (UNDP) and the Oxford Poverty and Human Development Initiative (OPHI) at the University of Oxford. The report analysed trends from 2000 to 2022, focusing on 81 countries with comparable data over time.
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