Aware Financial News

₹2,000 crore initial public offering, according to two people aware of its plans. “It is also likely to appoint Citi and Axis Capital as managers for the issue," one of the two people said, seeking anonymity. The company had filed its draft prospectus with Securities and Exchange Board of India (Sebi) in July 2021, but subsequently shelved its plans citing market conditions.

By Divya Rajagopal and Neha Arora

Northern, a train company, issued an apology after one of its ticket collectors petted a woman's guide dog against her wishes. The incident raises awareness about the importance of respecting working guide dogs.

«Bonds are safe!»

the formula was decided, his supporters voiced their desire for him to see him as the Karnataka's chief minister. When asked about when will he be “the king", DK Shivakumar said it was for his party to decide, while mentioning that he is not bothered about it. "See.

Independent federal MP Bob Katter said the Queensland government should “boot” global miner Glencore out of Mount Isa and let other potential owners take over its leases after the Swiss giant announced it wouldclose its copper mines by 2025.

There is no dearth of people looking to earn money from the stock market. The Indian stock market is open to both novices and veterans who display their skills in selecting stocks and investing in them. Statistics shared by Motilal Oswal Financial Services in January 2023 reveal how the number of demat accounts went up by 34 per cent by December 2022, a stark increase compared to the number of accounts opened by stock market investors in the previous year.

Gifting manners during festivals have changed. However, not all have succumbed to the new-age glitzy gifting styles picked and decided in tune with marketing gimmicks and easy gifting options. However, some people still prefer the old-school line of thought when it comes to giving and receiving gifts in gold and silver. As our old people say, “Trends may change but values never change". Each day of the festival, commencing from the onset of Navaratris and extending until Diwali, brims with profound significance and symbolism.

Wipro: Wipro announced its July-September quarter results for fiscal 2023-24 (Q2FY24) today, reporting a consolidated net profit of ₹2,667.3 crore, compared to ₹2,649.1 crore in the corresponding period last year. Azim Premji-backed Wipro announced on Wednesday, October 18 that the IT major's board had approved the merger of five of its wholly-owned subsidiaries with itself into ‘Wipro Ltd’. Bajaj Auto: Bajaj Auto on Wednesday reported a 5.6% rise in second-quarter revenue as price hikes offset weak demand for its motorcycles.

Sarda Energy & Minerals (SEML) has challenged the National Company Law Tribunal's (NCLT) order earlier this month directing the committee of creditors (CoC) to reconsider their decision to declare the company as the preferred bidder to take over the debt-laden SKS Power Generation, four people aware of the petition told ET. The plea, filed in the National Company Law Appellate Tribunal (NCLAT) on Tuesday, has said that the court has erred in questioning the wisdom of the CoC and has sought a direction to the NCLT to consider the plans in its current form. «The company expects the NCLAT to send the case back to NCLT for a final order. One premise of the petition is that the CoC has followed a well laid out process and selected Sarda and the NCLT order sending it back to lenders is contrary to the insolvency law,» said a person familiar with the petition.

NIIF) is looking to sell its maiden portfolio of five road projects, worth around Rs 10,000 crore ($1.2 billion) on an enterprise value basis, sources aware of the development told ET. NIIF has appointed investment bank JP Morgan to run a sale process for the roads portfolio, the sources said. Formal conversations are yet to begin, added the sources mentioned above on the condition of anonymity as these discussions are still in private domain.

WASHINGTON (Reuters) — Ford Motor (NYSE:F) said on Wednesday it is recalling 35,000 Mustang Mach-E electric vehicles because high voltage battery main contactors may overheat resulting in a loss of driving power.

NEW DELHI : Serentica Renewables, a renewable power company promoted by Sterlite Power, is planning to raise ₹5,000 crore debt from a clutch of domestic lenders, two people aware of the development said. The company will use the money to build hybrid solar and wind power projects in Karnataka, Rajasthan and Maharashtra, with commissioning expected to start in 2024-25. This amount will be over and above the ₹5,600 crore that Serentica Renewables raised from Rural Electrification Corp.

This year’s World Congress of Neurology is being hosted in Canada from October 15-19, and its tagline, “Brain Health is our Greatest Wealth,” recognizes that brain health — which includes improved brain performance, enhanced creativity, better treatments for neurological disorders and greater psychological resilience — is the pathway to greater prosperity.

African Diamond Producers Association's (ADPA) opposition to the G7 diamond protocol. The G7 countries are pushing for this protocol to prevent the entry of Russian diamonds into their countries. India cuts and polishes 9 out of 10 diamonds sold in the global market and diamond exporters in the country say it is very difficult to ascertain the origin of a diamond once it is cut and polished. ADPA has written to the chairman of the Kimberley Process Certification System (KPCS) to convey its resentment at not being included in the G7 discussions held since February on the matter and has rejected the G7 diamond protocol. Russian diamonds cut and polished outside Russia are considered originating from the country that “transformed” them.

Alok Kumar Agarwal Alankit explains “I believe that women exhibit more receptiveness to outreach efforts. Traditionally they are entrusted with managing household budgets, if they are equipped with foundational knowledge, financial literacy tools, and opportunities for small-scale enterprises, women entrepreneurs have the potential to create a remarkable impact on their families and communities." According to mintgenie.com, the majority of Indians grapple with various financial difficulties, mainly stemming from a deficiency in financial knowledge and awareness.

adopted a roadmap for regulating crypto assets proposed by the Financial Stability Board (FSB) and the IMF at their meeting at Morocco. As of now, crypto assets are unregulated under EU securities rules and the ESMA has made it clear that the investors would not benefit from any EU-level regulatory safeguards under the new rules — referred to as MiCA — until Dec 2024. “Even with the implementation of MiCA, retail investors must be aware that there will be no such thing as a ‘safe’ crypto asset," the EU watchdog said in a statement.

Kamal Nath after his 'tear clothes' remark caused flutter and triggered speculation of rift in Congress, Madhya Pradesh Chief Minister Shivraj Singh Chouhan on Wednesday said Nath had earlier given a similar power of attorney to his colleague Digvijaya Singh to run the government. Mocking Nath, Chouhan also said Congress leaders are amazing as they give the «power of attorney» to others even for taking abuses.

travel inconvenience cover which includes – loss of baggage, passport, flight delay or cancellation, trip delay or cancellation, and other covers associated with your overseas trip. As per Nitin Deo, Chief Technical Officer, Zuno General Insurance, this is an often-ignored type of insurance cover due to a lack of awareness.

Life insurance, particularly ULIP has been the most accused product for about a decade now, due to the cursed legacy, mostly of policies which were issued pre 2010 when ULIPs used to operate at disproportionately high charges which dipped into the benefit of customers. Though these bad memories were caused purely by ULIPs, the name "Life Insurance" is taken here consciously as the moment the name "Life Insurance" is spelt today a large section of customers tend to get a feeling of fear and aversion though ULIP was not an insurance focused but Investment centric product.

Finance Minister Chrystia Freeland says she is directing the Financial Consumer Agency of Canada (FCAC) to work on making no- and low-cost bank accounts more readily available for Canadians.