Aware Financial News

MUMBAI : Nodal gold trade body India Bullion and Jewellers Association (IBJA) has locked horns with MCXCCL, the clearing corporation of India’s largest commodity derivatives exchange MCX, over a crucial revision in the platform’s settlement procedure for gold and silver contracts traded on the bourse. The revision puts the onus of collecting goods and services tax (GST) on the seller and buyer, who give and take delivery on the exchange platform. Up until now, MCXCCL would facilitate the payment of GST from buyer to seller through the exchange’s clearing members.

NEW DELHI : Tomato, onion and potato (TOP) farmers battling frequent price crashes may have relief at hand, with the Centre working on a pilot scheme to remove logistics bottlenecks in these crucial perishable crops. The pilot will be conducted under the agriculture ministry’s market intervention scheme (MIS), two officials aware of the plan said.

New Delhi: India plans to showcase the Global Biofuels Alliance (GBA) at the upcoming UN Climate Conference (COP28) in the UAE, one of the world’s leading oil-producing nations. As part of the advocacy, the government also plans to light up the iconic Burj Khalifa with ‘GBA’, said two people aware of the development. The marquee alliance with India, the US and Brazil as its founding members was launched at the G20 summit hosted by New Delhi in September, and has grown rapidly, with a total of 22 countries having agreed to join the GBA.

Indian Railways is eyeing a mix of cost saving and improved passenger experience on Vande Bharat trains through its new Yatri Seva Anubandh initiative. According to officials aware of the Admove, a pilot project for six pairs of Vande Bharat trains is ready and will be extrapolated to other premium trains if successful.

The Nigeria Police Force (NPF) has announced the arrest of a politician in connection with the theft of over 200 million naira (approximately $246,153) from Patricia Technologies’ crypto wallet. 

Travel insurance is like a safety net, offering invaluable peace of mind when exploring the diverse landscapes of our world. However, many travellers believe they don't need travel insurance, but not having coverage can leave you vulnerable if an emergency arises during your trip. This blog aims to debunk five major myths that prevent people from purchasing travel insurance.

Maheshwaram, Siddipet, Dubbak, Secunderabad Sitting cross-legged in the porch of her modest home on the outskirts of Dubbak town in Telangana’s Siddipet district, MD Habeeda is rolling bidi after bidi with the deftness of years of experience, arranging them in a pile in a winnow she balances on her lap. Despite doing it for about three decades, the remuneration remains meagre. “If I roll 1,000 bidis, I get Rs 200.

Zoom, Teams, and Google Meet has become ubiquitous, reshaping the way we work, learn, and connect socially. However, recent scientific studies have raised alarms about the potential adverse effects of prolonged use of these tools on our mental and physical well-being. A study published in Nature, conducted by researchers from the University of Applied Sciences Upper Austria, delves into the impact of virtual meetings on the human brain and heart.

Delhi is set to table a proposal in the next House meeting to reduce such charges and deploy civil guards and a licence officer at designated areas, an MCD official aware of the development said. «The proposal aims to slash the charges for film shooting in Delhi to Rs 15,000 for an eight hour per day slot and Rs 25,000 for 24-hour per day slot from Rs 75,000 per day,» the official told PTI. According to the proposal, the time designated for film shooting on an MCD property will be divided into three shifts of eight hours.

As a healthy outcome, we recall a continuous persistence in these parlays reinforcing the notion of a rules based international order, resilience and global peace. With the changing geopolitical and geoeconomics landscape of the recent past, the Indo-Pacific’s increasing salience covered a noteworthy aspect of the meeting, hinting at furthering defence collaborations in the arena, pivoting around the Quad’s vitality and global good. In the area of trade, the Indo Pacific Economic Policy Framework too is moving forward.

A growing number of states are working to keep food out of landfills over concerns the waste is taking up too much space and posing environmental problems

High net-worth individuals (HNIs) are prioritising protection for themselves and their dependents from unexpected adversities by buying substantial term insurance cover. Life insurers are offering customised policies to HNIs offering coverage avenues tailored for wealth preservation and legacy security.

As the elections in the state are currently underway, Prime Minister Narendra Modi urged voters in Rajasthan to score a turnout record on Saturday during the assembly elections, where polling began at 7 AM.

The US Commodity Futures Trading Commission is showing no signs of letting up in its battle against crypto firms.

Subway India has ended its five-year exclusive deal with beverages maker PepsiCo India to sell its products at the sandwich and salad chain's outlets, and signed up with rival Coca-Cola, executives aware of the development said. All 570-plus Subway stores in India will now sell only Coca-Cola's soft drinks, juices, coffee, tea and water, one of the executives said. A Coca-Cola spokesperson confirmed the deal with Subway. «We constantly join forces with different brands,» she said in an emailed response to ET's queries. The sandwich chain has started updating its online ordering app with Coca-Cola drinks, on aggregator platforms such as Swiggy and Zomato. Subway India and PepsiCo had announced their partnership in 2018. Exclusive beverage partnerships with large food services chains drive significant sales via out-of-home and delivery channels for companies like PepsiCo and Coca-Cola.

Manchester United manager Erik ten Hag is gearing up for a challenging match against Everton this Sunday, well aware of the heightened emotions surrounding the club's recent 10-point penalty. The penalty, imposed by an independent commission, stems from Everton's breach of Premier League profitability and sustainability rules. Ten Hag acknowledges the frustration among Everton's players and fans and anticipates a spirited performance from the opposing team fueled by a sense of injustice.

Thanksgiving festivities unfolded across the USA and Canada, the traditional turkey-centric meal faced renewed scrutiny from advocates of veganism and animal rights, notably led by People for the Ethical Treatment of Animals (PETA). In an unconventional approach to raising awareness during Thanksgiving 2023, PETA shared a thought-provoking post featuring an illustration of a 'family' of turkeys dressed in clothes and holding 'hands' around a table. Departing from the customary roasted turkey centrepiece, the depiction showcased a platter of roasted human meat on a bed of salad, accompanied by other dishes.

The stillness of a cold night in the rural town of Caledon, Ont., was shattered by the sound of gunshots just before midnight on Monday.

PB Fintech on Friday said it has made a further investment of 349 crore in its arm Policybazaar to strengthen the financial health of the subsidiary. “PB Fintech made a further investment of Rs 349 crore in Policybazaar Insurance Brokers Pvt Ltd, a wholly-owned subsidiary," the company said in a filing. The present investment seeks to strengthen the financial health of Policybazaar to meet its general operating expenses and enhance brand awareness, office presence and strategic initiatives. PB Fintech will infuse the funds into Policybazaar in one or more tranches during FY24 and FY25. PolicyBazaar and PaisaBazaar, which are jointly classified as the core online business for PB Fintech, have seen revenue growth of 46% on a year-on-year basis in the second quarter, one of the highest growth achieved in the past four quarters. Adjusted EBITDA for the core business improved to Rs 68 crore. In the September quarter, PB Fintech's revenue surged by 41% YoY, driven by remarkable growth of 129% on YoY basis in the insurance business. EBITDA margins improved from -39.4% a year ago to -11% in the second quarter, propelled by cost reductions in ESOPs, controlled employee and advertising expenses, resulting in significant operating leverage benefits. Analysts expect this trend to continue for the foreseeable future. So far this year, PB Fintech shares had a terrific run with 80% gain on a year-to-date basis. Post the quarterly results, Keynote Capital has revised its estimates and maintained a ‘Buy’ rating on the stock, with a target price of Rs 968. «The company stands at a pivotal juncture, driven by catalysts such as renewal commission growth, strategic expansion into tier-2/3 cities through offline channels, and

Rajeev Chandrasekhar said on Friday, adding that 'guardrails' have to be carefully developed without over-regulating innovation. The Minister of State for IT and Electronics said that while artificial intelligence (AI) is one of the biggest inventions of recent times, the government is committed to ensuring the safety of users on digital platforms, given that India is one of the largest connected nations in the world with almost 850 million Indians already using the internet and 1.2 billion estimated to do so by 2025-26.

Facebook and YouTube to repeatedly remind users that local laws prohibit them from posting deepfakes and content that spreads obscenity or misinformation, two sources told Reuters. The warning was conveyed by deputy IT minister Rajeev Chandrasekhar in a closed-door meeting where he said many companies had not updated their usage terms despite 2022 rules that prohibit content «harmful» to children, obscene or that «impersonates another person».