Aware Financial News
11.10 / 02:07
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information
How a secretive Hamas commander masterminded the attack on Israel
Israel calls last week's devastating attack by Hamas its 9/11 moment. The secretive mastermind behind the assault, Palestinian militant Mohammed Deif, calls it Al Aqsa Flood. The phrase Israel's most wanted man used in an audio tape broadcast as Hamas fired thousands of rockets out of the Gaza strip on Saturday signalled the attack was payback for Israeli raids at Jerusalem's Al Aqsa mosque. It was in May 2021, after a raid on Islam's third holiest site that enraged the Arab and Muslim world, when Deif began planning the operation that has killed more than 1,200 people in Israel, according to a source close to Hamas in Gaza. «It was triggered by scenes and footage of Israel storming Al Aqsa mosque during Ramadan, beating worshippers, attacking them, dragging elderly and young men out of the mosque,» the source said.
11.10 / 01:35
MET
Progressive
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Assurant
country
end
India, UK may ink FTA by the end of this month
India and the UK are likely to sign a proposed free trade agreement (FTA) in the last week of this month. It will be New Delhi's first such comprehensive deal with an industrialised nation, seeking to spur bilateral annual business beyond the current $20 billion.
11.10 / 00:45
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Citi
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CEO
Platform
InsuranceDekho valued at $600 million in Series B round
MUMBAI : Insurtech startup InsuranceDekho on Tuesday said it has raised $60 million in a Series B funding round led by Japan’s Mitsubishi UFJ Financial Group (MUFG); insurer BNP Paribas Cardif through its insurtech fund managed by European investment major Eurazeo; Beams Fintech Fund; and Yogesh Mahansaria Family Office. A person aware of the transaction said the investment valued the company, the insurance unit of used-car platform CarDekho, at around $600 million. While a large part of the funding round is equity, a small portion has been raised via debt, the company said.
11.10 / 00:09
Facebook
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LGBT
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Death
Celebrity
pop
Mom warns parents after 7-year-old dies playing with birthday balloons
Tennessee has issued a heartbreaking warning to other parents after her seven-year-old daughter died early this month while playing with her birthday balloons.Alexandra Hope Kelly of Clinton, Tenn., celebrated her seventh birthday on Sept. 24.
10.10 / 22:11
10.10 / 20:31
Aware
Enterprise
TCS
AES
reports
Department
I-T department may challenge order against TCS tax claim
Tata Consultancy Services (TCS), disallowing a tax demand of more than Rs 600 crore, sources aware of the development told ET. The department had earlier probed TCS on Transfer Pricing (TP) adjustments to check if the transactions with its associated enterprises were at arm's length and whether TCS was liable for taxes on brand fees. The assessing officer (AO) for the assessment year FY14-15 had arrived at the assessed income of '18,752 crore. The transfer pricing officer (TPO) was of the view that the assessee is recognized as one of the big 4 in the technology industry and is a very powerful brand.
10.10 / 19:25
10.10 / 18:35
UPS
Waters
Aware
electronic
reports
gatherings
Sikkim glacial lake sensors failed in 2013, 2016, this month
Sikkim's glacial lake outburst flood (Glof)-related disaster is a decade-old saga of failure to sustain early warning systems and water monitoring sensors in the region despite awareness about the high level of Glof threat in the Himalayan state. Early warning sensors were installed in 2013, 2016 and even last month at the critical glacial lakes in Sikkim but none survived long enough to forewarn residents downstream. Alerted of a serious Glof threat in Sikkim after a February 2013 study on South Lhonak and Sakho Cho lakes, the Centre, through the Ministry of Electronics and Information Technology, commissioned the Centre for Development of Advanced Computing (C-DAC) to develop indigenous water-level monitoring sensors for the Himalayan states. C-DAC and the Department of Science & Technology of Sikkim had already teamed up to visit Lhonak lake in May 2012 — about nine months after the devastating September 18, 2011, earthquake of 6.9 magnitude that had hit Sikkim. The 2013 report and other satellite imagery analysis indicated that the two glacial lakes were most precariously placed Glof threats. Accordingly, they were chosen for the first attempt at an early warning system (EWS) by India. An indigenous EWS and water-level monitoring sensor system was installed by C-DAC at Shakho Cho lake in July 2013. In September 2016, similar sensors were installed at Lhonak Chho — the glacial lake which is the cause of the flash flood that devastated Sikkim this week, NDMA (National Disaster Management Authority) reports reveal. Officials in the know confirmed to ET that if sensors had been in place at Lhonak, such loss of lives due to the October 3 Glof could have been avoided.
10.10 / 17:33
10.10 / 16:30
10.10 / 15:21
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Mercantile
Swan Energy makes upfront payment of ₹50 crore for Reliance Naval
₹50 crore as upfront payment, in line with a National Company Law Tribunal (NCLT) order. On 5 October, the Ahmedabad bench of the NCLT had directed Swan Energy to make an upfront payment of ₹250 crore before seeking any more extensions to complete the corporate insolvency resolution process. Swan had filed an interlocutory application before the tribunal seeking an extension of time for making the upfront payment to implement the resolution plan for the company.
10.10 / 12:11
Aware
GENZ
social
reports
Support
82% young Indians believe parents will support if they need mental therapy: Survey
mental health issues, according to a survey conducted by NielsenIQ. Parents are also the primary confidantes of those combating mental health challenges, as 59 percent of the respondents said the first persons whom they disclosed their conditions to were their mothers or fathers, as per the survey, which was commissioned by FMCG major ITC.
10.10 / 08:55
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FIVE
Digital
Booking
Aware
Inox Green now net debt free; Inox Wind should be a Rs 10K-crore plus top line company over next 3 years: Devansh Jain
Devansh Jain, Wholetime Director, Inox Wind, says “in Inox Wind as well, over the next 12 to 15 months, our target is to go net debt-free. Hopefully, we will achieve that much sooner than our internal guidance. Every quarter should be better than the previous quarter, at least for the next four to six quarters. So hopefully, given the huge wealth we have created for our investors across Gujarat Fluoro and other companies, we should be doing that at the Wind level and the Green level in the near future as well.” First up, let us discuss the stake sale that you have announced in one of your wind energy SPVs. What kind of inflows are you expecting on account of this sale? When will that money come in and what does it do to your debt? Yesterday we announced the sale of a 50 MW operational SPV called Nani Virani. As you may be aware, we have sold four such SPVs in the past. This was the last SPV. We have committed that over the course of this financial year, it is our target to make Inox Green net debt-free. Broadly, the sale of this asset will give us close to Rs 300 crore, including the debt which goes off. So that Rs 300 crore goes off towards the Inox Green balance sheet, which makes it a net debt-free company.
10.10 / 08:23
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Strategy
Experts
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smart money
Festive season: Four smart money tips to avoid overspending during this holiday shopping rush
festive season. The first step is to create a budget to establish how much you can spend. “To avoid it, set a practical budget, keeping it within 50% of your monthly income.
09.10 / 21:35
UPS
Provident
FIVE
Aware
reports
Department
prevention
Toddlers with developmental delays are missing out on help they need. It can hurt them long term
American babies and toddlers with disabilities are entitled to publicly funded therapies known as Early Intervention, since all U.S. states and territories accept federal funding for this program
09.10 / 20:29
Citi
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Assurant
Strategy
country
information
reports
network
MG Motor to recast dealer network ahead of deal with Sajjan Jindal Co
MG Motor India plans to overhaul its dealership network by closing underperforming ones and opening new dealers in newer locations ahead of a potential alliance between its Chinese parent and a private company owned by JSW Group chairman Sajjan Jindal, people aware of the development told ET. The maker of Hector and Astor SUVs also assured its dealers on the sustenance of its Indian operations and brand MG post the deal, the automaker informed the dealer partners last week. The company also touched upon plans to launch new models and variants and expand the overall capacity in its communication to the dealers.
09.10 / 18:57
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Be fair and open, NMC tells doctors in conduct review
NEW DELHI : The National Medical Commission (NMC) has undertaken a detailed set of professional conduct reviews for medical professionals, advising them to have “fair and open" communication with patients. NMC said most complaints against doctors can be put down to communication gaps. In the case of alleged medical negligence, doctors have been advised to prepare proper documentation of all medical records of the patient.
09.10 / 17:17
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awards
Highways
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Road awards totalling ₹3 trillion for 10K km soon
NEW DELHI : The government plans to award ₹3 trillion worth of road projects over the next six months in the run-up to next year’s general elections, aiming to build 10,000 km of roads. This would be one of the biggest road project awards in any given six-month period, with the ministry of road transport and highways aiming to complete 12,500 km highway awards by the end of FY24, higher than the previous few years, two persons aware of the development said. They added that more projects are being awarded in the second half of this year as the government agencies responsible for construction have finalized new stretches for bidding.
09.10 / 15:03
Provident
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Platform
Enterprise
performer
reports
Customers
Inability to access markets, retain customers top challenges for MSMEs: Report
A majority of MSMEs surveyed cited the inability to access markets, retain customers, and effectively market their products are among the top challenges, according to an ICRIER report unveiled on Monday.The report surveyed a total of 2,007 micro, small and medium enterprises (MSMEs) between November 4, 2022, and January 20, 2023.
09.10 / 10:07
08.10 / 19:49
Provident
Aware
cover
information
2020
Australian
‘Serious problems were afoot’ at Greensill’s Australian insurer
Marsh McLennan breached its own rules by failing to warn a client of Greensill Capital that it was “patently obvious” there were serious problems at an insurance agency linked to IAG, courts have been told.
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