Aware Financial News

Melissa Barrera has responded publicly after she was fired from Scream VII over her comments on the recent Israel Hamas war. «I will continue to speak out for those that need it most and continue to advocate for peace and safety, for human rights and freedom.

Amazon and the West Bengal Industrial Development Corporation (WBIDC) have signed a Memorandum of Understanding (MoU) to enhance exports from West Bengal. Through this partnership, numerous Micro, Small, and Medium Enterprises (MSMEs) in West Bengal will have the opportunity to sell their 'Made in India' products to customers on Amazon in over 200 countries worldwide. WBIDC will establish e-commerce export hubs and set up an e-commerce export facilitation cell in key districts of West Bengal, including Kolkata, North 24 Paraganas, South 24 Paraganas, Howrah, Hooghly, and others.

lab-grown diamonds (LGDs). LGDs have seen price drops of around 50 percent, while the prices of natural diamonds have declined 40 percent.

Cipla fell as much as 8% in intraday trade on Thursday following a warning letter by the USFDA for various manufacturing lapses at its Pithampur facility. After an inspection at the Pithampur plant, the USFDA issued a warning letter stating that the company's methods, facilities, or controls for manufacturing, processing, packing, or holding do not conform to good manufacturing practices and that its drug products are adulterated. A warning letter is issued when the US health regulator finds that a manufacturer has significantly violated its regulations. «Your firm failed to thoroughly investigate any unexplained discrepancy or failure of a batch or any of its components to meet any of its specifications, whether or not the batch has already been distributed,» the USFDA said. It also pointed out the company's failure to establish and follow appropriate written procedures that are designed to prevent microbiological contamination of drugs purporting to be sterile, and that include validation of all aseptic and sterilization processes. USFDA noted that it has cited similar CGMP observations earlier at the company's other facilities as well. The shares of the company delivered moderate returns to investors so far this year, rising 10% on a year-to-date basis. Despite the pressure in the near term, analysts are bullish on the stock and investors could use this opportunity of declines to consider some buying. Cipla posted strong second-quarter results, led by robust growth across key businesses.

A disgraced Catholic priest who was investigated by police after flying to Italy with a recent high school graduate has legally married the 18-year-old in question, according to an Alabama marriage certificate signed on Friday.

data breach at the Tata-owned Taj Hotels group earlier this month, ET has learnt. A threat actor, who goes by the name "Dnacookies", has demanded $5,000 for the full dataset, which includes addresses, membership IDs, mobile numbers and other personal identifiable information (PII), according to people aware of the matter.

Finance Minister Nirmala Sitharaman on Thursday said that in order to prevent con artists from abusing the system, people must become more conscious of cyberfrauds and take control of technology. Speaking at the 'DATE with Tech' event, the minister stated that the government regularly examines public sector banks and the regulator RBI checks its own systems in order to prevent cyber frauds, in which victims are tricked via phone or SMS.

tax savings methods like tax saving bonds, ELSS, etc. But what about lesser famous options to save the pennies in your pocket? “Investing (in tax savings options) is only one part of sound tax management. However, the important part that doesn’t receive due attention is how you manage your spending," says Sujit Bangar, Founder Taxbuddy.

The Toronto Police Service says it is stepping up patrols “out of an abundance of caution” after an explosion at the Rainbow Bridge border crossing on Wednesday.

New York alleged that Jimmy Iovine, 70, took part in “multiple instances of sexual abuse and forcible touching of her, including a specific incident of sexual misconduct" that occurred in New York City in August 2007. A lawsuit is expected by the end of the year, but no additional details were provided in the legal filing. Unspecified damages are also sought for alleged sexual harassment by the woman, according to a report by Rolling Stones.

government will come out with a definitive “risk-based” framework with multiple options for social media and internet intermediaries to ensure age-gating and subsequent parental consent management, multiple people aware of the development told ET. This framework will have to be adopted by social media companies such as Meta-owned Facebook and Instagram and Google’s YouTube along with all edtech and health platforms among others, they said.

Adani Wilmar Ltd for $2-2.2 billion, two people aware of the development said. No single entity is expected to acquire the stake on offer, and the Adani group may farm out shares in the edible oils maker to multiple buyers, the people cited above said on condition of anonymity. “Apart from Wilmar, there are at least four global funds who are keen to buy Adani’s stake in Adani Wilmar, and the plan is to finalize the deal before the end of FY24," the first person added.

Scott Shleifer, New York-based Tiger Global’s head for private investments – who also oversaw India investments which had his firm backing – is stepping down from his role at the fund, founder Chase Coleman told limited partners (LPs) in a letter, according to media reports. He will take on a new role as adviser to the fund, effective January 1.

The mortgage cliff that will see more than two million home loans up for renewal over the next two years appeared to weigh heavily in the federal government’s fall economic update.

Bharti Airtel has started the process of taking its wholly-owned subsidiary Bharti Hexacom public, a media report stated. The move is aimed at facilitating an exit to Telecommunication Consultants of India Limited (TCIL), which has a 30% stake in the company and is a Government of India enterprise, the report said. The report further said Bharti Hexacom's valuation is likely to be pegged at Rs 20,000 crore and the listing process will likely be completed by early 2024. Bharti Airtel's holding in Bharti Hexacom stands at 70%.

Tesla Chief Executive Elon Musk and other managers knew the automaker's vehicles had a defective Autopilot system but still allowed the cars to be driven unsafely, according to a ruling. Judge Reid Scott, in the Circuit Court for Palm Beach County, ruled last week that the plaintiff in a lawsuit over a fatal crash could proceed to trial and bring punitive damages claims against Tesla for intentional misconduct and gross negligence. The order has not been previously reported.

₹16,000 crore to markets watchdog Sebi to refund investors. Now with the death of its founder Subrata Roy, the Centre seems to be weighing the option of transferring the corpus to the Consolidated Fund of India. A report in The Economic Times on Monday said that the government was looking at the legality of transferring the funds to the consolidated fund with few investors coming forward to claim money even after a decade.

European banks have started regular talks with the Clearing Corporation of India (CCIL) to build structures needed for third-party clearing of government bonds and derivatives, paving the way for starting trades worth billions of dollars that may otherwise have stalled due to a stand-off between the regulators home and away. «Banks and CCIL are in talks for the third-party clearing mechanism. In its securities settlement segment, the CCIL permitted certain members to become clearing members in 2020,» a source aware of the developments told ET.

The board of Guzman y Gomez forced its chief executive, Steven Marks, into a secret plan “involving cult-like life coaches and non-legal advisors to try to transition him to a credible, reliable executive”, the former management team responsible for the group’s expansion into North America has claimed.

India and Australia have affirmed their commitment to strengthening both economic and security ties, stressing on a joint dedication to a “free, open, inclusive, and rules-based” Indo-Pacific region. At the end of the India-Australia Foreign Ministers’ Framework Dialogue, External Affairs Minister S Jaishankar highlighted preparations for a forthcoming meeting of the Quad grouping, consisting of Australia, India, Japan, and the US. Both sides during discussions underscored the importance of advancing the Comprehensive Economic Cooperation Agreement (CECA) negotiations. The ministers also explored pathways for increased mobility among students and professionals, reflecting a shared commitment to fostering trusted and resilient supply chains in the Indo-Pacific.

Bank of India’s (SBI) shareholding in Jio Payments Bank fell to 23% in FY23 from the 30% that it has maintained since inception, indicating its disinterest in the payments bank business model. The fall below 25% also means SBI will no longer be able to block special resolutions at its seven-year-old joint venture (JV). India’s largest bank stayed away from two Jio Payments Bank rights issues, while its JV partner Reliance Industries (RIL) picked up 10 million shares on 29 November, and 70 million on 23 January, according to a directors’ note in the payment bank’s regulatory filing seen by Mint.