AVP Financial News

16.12 / 20:03
markets UPS Software awards Food AVP Lite Bite Foods in talks to sell minor stake to strategic investors
Lite Bite Foods, which runs restaurant chains Punjab Grill, Street Foods, YouMee and Asia 7, has initiated talks with private equity firms and strategic investors to sell a minority stake in the company, executives with knowledge of the development said. The company's two promoters, Amit Burman of the Dabur family and co-founder Rohit Aggarwal, will continue to hold significant majority stake in the business, according to the executives. «Lite Bite Foods is exploring multiple options to bring in either private equity players or a strategic investor onboard. The talks are in exploratory stages,» according to one executive. The company is looking to accelerate growth at a time when competition in the specialised dining space is heating up and investor interest has accelerated.
15.12 / 12:21
markets Software Sustainability AVP country Videos India is a player the world turns to, even if we're bashful at times, says EAM Jaishankar
Speaking at an event in Delhi, the EAM stressed on the fact that India is a first-responder when its counterparts around the world need its help. However, he added, that New Delhi has miles to go to revamp itself from the mistakes of the past, in order to become a 'multigenerational foreign policy following nation'. 'We're a player the world turns to, even if we're bashful at times. The idea of India as a first responder, I can predict, will only get stronger," said Jaishankar.
15.12 / 10:37
markets UPS Strategy Software AVP Courts 'Three accused remanded to judicial custody,' says DCP on Atul Subhash suicide case
Atul Subhash suicide case, Deputy Commissioner of Police (DCP) Whitefield Shiv Kumar on Sunday said that all three accused have been remanded to judicial custody. He said that the accused Nikita Singhania was arrested in Haryana's Gurugram. According to DCP Kumar, the other accused including Nisha Singhania and Anurag Singhania were arrested near Hotel Rameshwaram in Uttar Pradesh's Prayagraj. «The accused Nikita Singhania was arrested near the Blossom Stayz pg in Gurugram. Accused Nisha Singhania and Anurag Singhania, were arrested near Hotel Rameshwaram in Prayagraj, UP. They were brought to Bengaluru and produced before the judge. They have been remanded to judicial custody...Multiple teams were sent to multiple places...» DCP Kumar told ANI.
14.12 / 20:55
Reuters Strategy Software AVP reports Department Donald Trump may privatize US Postal Service, claims report. Why is this worrying factor for Amazon?
The U.S. Post Office, which has lost more than $100 billion since 2007, reported a net loss of $9.5 billion for its fiscal year ending September 30, a $3-billion bigger loss than last year, largely due to a year-over-year increase in non-cash workers’ compensation expense, as per a report on Reuters. When told of the agency's annual losses, Trump said the government should not subsidize the organization, according to the Washington Post.
14.12 / 06:57
markets Software Experts AVP show testing Ind vs Aus 3rd Test: Australia 28-0 on rain-shortened 1st day against India
Gabba on Saturday. It turned out to be the only session of the day when rain and soggy grounds washed out the remainder of play. With more rain showing on the weather radar, umpires made the decision to call off play for the day about an hour before scheduled stumps.
13.12 / 16:09
markets Strategy Software President Experts AVP Navy's latest survey ship INS Nirdeshak to be commissioned at Vizag on Dec 18
Indian Navy's latest survey ship — INS Nirdeshak — that boasts over «80 per cent indigenous content», reaffirming the naval force's focus towards Aatmanirbharta, is all set to be commissioned at Visakhapatnam on December 18, a senior official said on Friday. The commissioning ceremony will be presided over by Minister of State for Defence Sanjay Seth. «The Indian Navy is all set to commission its latest survey ship 'Nirdeshak' at Naval Dockyard, Visakhapatnam, on December 18,» a Navy spokesperson said. The ceremony will be hosted by the Flag Officer Commanding-in-Chief, Eastern Naval Command and attended by distinguished guests, including senior naval officials and GRSE representatives.
13.12 / 01:51
markets security Software Sustainability President AVP peace India Middle East Europe corridor discussed between PM Modi and UAE deputy PM: MEA
India-Middle East-Europe Corridor (IMEEC) as a 'historic initiative' to foster regional connectivity and prosperity during his meeting with United Arab Emirates Deputy Prime Minister and Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan. During the talks on Thursday, PM Modi also conveyed his warm wishes for UAE President Sheikh Mohamed bin Zayed Al Nahyan, according to the Ministry of External Affairs statement. PM Modi expressed satisfaction at the frequent high-level visits and exchanges, including the visit of the Crown Prince of Abu Dhabi Sheikh Khaled bin Mohamed bin Zayed Al Nahyan to India in September 2024, which marked a generational continuity in bilateral relations.
10.12 / 15:43
markets Progressive Strategy Software Experts PAM AVP Amit Shah to attend 72nd Plenary Session of Northeastern Council in Agartala next week
Union Home Minister Amit Shah will attend the 72nd Plenary Session of the Northeastern Council (NEC) in Agartala next week. Development of Northeastern Region (DoNER) Minister Jyotiraditya Scindia, Governors and Chief Ministers of all eight northeastern states will attend the meeting. Tripura Chief Minister Manik Saha, after reviewing the preparedness of the two-day event, said that on December 20, an official-level meeting would be held and on the next day, the main session would be held at Pragya Bhavan.
09.12 / 12:13
Citi Manufacturing Strategy Remark Stealth AVP Missile frigate INS Tushil inducted into Indian Navy in Russia
Indian Navy's Russian-manufactured guided missile frigate INS Tushil was commissioned into the force at Russia's coastal city of Kaliningrad on Monday. Defence Minister Rajnath Singh, Chief of Naval Staff Admiral Dinesh K Tripathi and several other senior Indian officials were present at the commissioning ceremony. INS Tushil is expected to significantly bolster the Indian Navy's operational capability in the Indian Ocean, a region that has witnessed increasing forays by China's PLA Navy in the last few years. The warship has been constructed in Russia as part of an over USD 2.5-billion deal that New Delhi had inked with Moscow in 2016 for four stealth frigates for the Indian Navy.
09.12 / 06:35
Strategy Software President AVP Inside INDIA bloc MPs protest over Adani issue in Parliament complex
INDIA bloc parties on Monday protested inside Parliament complex and raised slogans to demand a joint parliamentary probe into the Adani issue. Leader of Opposition in the Lok Sabha Rahul Gandhi and Congress president Mallikarjun Kharge along with MPs of other opposition parties stood outside the Makar Dwar of Parliament and raised slogans of «Modi, Adani ek hain» and «we want justice». The Trinamool Congress, Samajwadi Party and Aam Aadmi Party were not part of the protest. The BJP has been alleging that the INDIA bloc is disintegrating. However, Samajwadi Party leader Ram Gopal Yadav said «all is well» in the opposition bloc.
08.12 / 13:09
markets Software AVP performer bowling Bangladesh win U19 men's Asia Cup, defeat India by 59 runs in final
U19 Men's Asia Cup title here on Sunday. Opting to field, India, the most successful team in the tournament's history with eight titles, produced a discipline bowling performance to dismiss Bangladesh for 198 in 49.1 overs. The pace duo of Yudhajit Guha (2/29) and Chetan Sharma (2/48) and spinner Hardik Raj (2/41) picked two wickets each. However, the Indian batters crumbled in front of the potent Bangladesh bowling attack as they folded for 139 runs in 35.2 overs.
08.12 / 13:09
markets Entertainment Puzzle AVP fun NYT Connections Dec 8 answers: Solve today’s word puzzle with the help of these hints
The New York Times Connections puzzle is a daily brain-teasing game that combines fun with mental exercise. Created by Wyna Liu, this puzzle invites players to identify patterns and group related words based on common themes. <div data-placement=«Mid Article T
05.12 / 21:15
markets Citi Software Yellow AVP Earthquake in USA: 7.0-magnitude quake strikes California coast, 5.3 million people under tsunami warning
The 7.0-magnitude quake was recorded at a depth of just 10 kilometers (six miles), almost 100 kilometers west-southwest of Ferndale, according to the United States Geological Survey. At least 5.3 million people in California were under a tsunami warning after the magnitude 7.0 earthquake, the U.S. Geological Survey said in a yellow alert, which predicts localized but minimal damage. More than 1.3 million people lived close enough to the quake that they could have felt it, the USGS estimated. «Based on preliminary earthquake parameters… hazardous tsunami are possible for coasts located within 300 KM of the earthquake epicenter,» said a warning issued by the National Weather Service's Tsunami Warning Center in Honolulu.
04.12 / 07:01
markets Ball Strategy AVP testing Schools KL Rahul keeps India's batting line-up a closely guarded secret
KL Rahul has refused to divulge the makeup of India's opening partnership for the second test against Australia amid speculation that he will drop down the order to make way for returning captain Rohit Sharma. Rohit missed India's comprehensive victory in the series opener in Perth to care for his newborn baby in Mumbai but has since joined the squad ahead of the pink-ball test at Adelaide Oval, which begins on Friday. Rahul filled in for Rohit at the top of the order at Perth Stadium and forged a 201-run opening stand with Yashashvi Jaiswal to put India on course for victory.
03.12 / 17:35
markets Sustainability Experts AVP Courts rights Budaun mosque dispute: Court asks Muslim side to complete arguments on December 10
Jama Masjid Shamsi here claiming it was a temple, on Tuesday asked the Muslim side to complete their arguments by December 10. Arguing his case, the lawyer for Shamsi Shahi Jama Masjid Intezamia Committee and Waqf Board Asrar Ahmed questioned the locus standi of the Akhil Bharat Hindu Mahasabha to file the petition in the matter. Urging the court to dismiss the plea, the counsel submitted that the mosque is about 850 years old. He stated that there is «no existence of a temple» there and worship by Hindus had never been conducted in the mosque in the past. He argued that the Hindu outfit does not have the legal right to become a plaintiff in the matter. Ahmed also said that filing such a petition in the court violates the Places of Worship Act, 1991.
03.12 / 14:37
markets Digital security Strategy Experts PAM AVP 3 warships and 1 submarine likely to be commissioned in a month: Top Navy official
Indian Navy said on Tuesday. Addressing a press conference, Vice Admiral Sanjay J Singh, Flag Officer Commanding-in-Chief of the Western Naval Command, said the three warships — INS Nilgiri, INS Surat, INS Tushil — and submarine INS Vagsheer are expected to be commissioned in a month. «We have got four vessels that are due for induction within the next one month,» Singh said. INS Nilgiri is the first ship of Project 17A and was launched in September 2019, he said.
03.12 / 04:25
markets UPS Digital Strategy AVP Eknath Shinde's contribution should be duly recognised: Deepak Kesarkar
Shiv Sena leader Deepak Kesarkar has said the Maharashtra assembly polls were recently fought under the leadership of Eknath Shinde and it is up to the BJP's central leadership to decide how to maintain his stature. The contribution of Shinde, the caretaker chief minister of the state, should be duly recognised, Kesarkar said at a press conference here on Monday. The Mahayuti, comprising the Shiv Sena led by Shinde, BJP and Ajit Pawar's NCP, won 230 out of 288 assembly seats in the November 20 polls, results of which were declared on November 23. The BJP led with 132 seats, while the Shiv Sena got 57 and NCP 41 seats. BJP leader Devendra Fadnavis, two-time former CM, is widely seen as the frontrunner for the top post.
03.12 / 03:15
markets Target Strategy Experts AVP China chip stocks gain ground despite latest US crackdown
The United States on Monday launched its third crackdown in three years on China's semiconductor industry, curbing exports to 140 companies to stymie China's ability to access and produce top-line chips. «It was not a blanket ban, or as stringent as people first feared. So that, to me, is a positive,» said Tai Hui, Asia chief market strategist at JP Morgan Asset Management in Hong Kong.
03.12 / 03:15
markets Strategy Parke Research Experts AVP show Smart money waiting on the sidelines in Arbitrage funds
Arbitrage funds, a category with assets worth ₹2.35 lakh crore, have received inflows of ₹89,400 crore in the last 12 months as rich investors use these schemes to park money for short-term needs. These funds now account for 53% of the net inflows into the hybrid category, according to data from WhiteOak Capital Mutual Fund. Higher returns than debt funds along with the benefit of equity taxation are driving investors to arbitrage funds. Distributors point out that many savvy investors are using these schemes to park money as they believe valuations are rich and wait for a correction to deploy more money.
02.12 / 20:27
Action security Strategy Sustainability AVP rapper reports Diddy faces another serious new lawsuit, designer says the rapper dangled her from balcony and threatened to kill her
Bryana Bana Bongolan has eventually filed a lawsuit against Sean Diddy Combs in Los Angeles while alleging him of sexual battery, emotional distress and false imprisonment, reported Daily Beast. According to Daily Beast, the 17 page lawsuit which was submitted in the month of November claimed that Sean Diddy Combs left her fearing for her life after an incident on September 26, 2016, where he allegedly dangled her off a 17 story balcony and sexually assaulted her at the luxury apartment of his then-girlfriend, Cassie Ventura. Bryana Bana Bongolan is seeking nearly $10 million in damages for the emotional trauma she has endured. Also Read: Parthenope: A24 film’s trailer, plot, cast and release date
02.12 / 16:59
markets Strategy awards RAI AVP Schools IBBI extends deadline to file liquidation forms to December 31
Insolvency and Bankruptcy Board of India (IBBI) on Monday extended the deadline for filing forms to monitor liquidations by a month to December 31. The extension follows a request by liquidators and Insolvency Professional Agencies, citing technicalities and issues involved in the submission of the forms, the regulator said in a communication to stakeholders. Earlier, the deadline was extended from September 30 to November 30.

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