Aware Financial News

climate risk assessment metrics as part of a broader strategic roadmap outlined by the government to maintain their growth and profitability momentum. The finance ministry is likely to hold a review, later this month, on performance of public sector lenders in the backdrop of a three-year strategic roadmap, a government official told ET. The move is in line with increased focus globally on the challenges posed by climate change and the need for building financial sector resilience and readying state-owned lenders for the next leap. «Globally, there is a shift towards incentivising companies with low carbon footprints,» another official aware of the development said. «PSBs (public sector banks) also need to factor in environmental, socioeconomic, and governance (ESG) issues while doing credit assessment and include climate risk as a part of risk assessment policy,» the person added. The country's largest bank, State Bank of India (SBI) has already started identifying climate risks that have the potential to generate substantive change in the business. Operational Synergies The three-year strategic roadmap (FY24-FY26) for PSBs also focuses on bringing greater synergy in operations.

KSSF), the alternative assets management fund of the Kotak Group, plans to invest about ₹1,600 crore in the active pharmaceutical ingredients (API) business that Nimmagadda Prasad acquired from Viatris last week, said two people aware of the development. KSSF will back the $450-million (₹3,800 crore) acquisition through a $200-million funding made through a combination of structured debt and equity, said the sources.

Centrum Capital, the financial services business led by Jaspal Bindra, is exploring a possible sale of its stake in its mortgage financing business — Centrum Housing Finance, two people aware of the development told ET. Mumbai-headquartered Centrum group holds a 74% stake in Centrum Housing Finance. Private equity investor Morgan Stanley PE Asia holds around 25%, having invested ₹190 crore in the business in 2020. «Centrum is working on a plan to explore the sale of its stake in its housing finance business,» said one of the persons cited earlier.

₹250 crore upfront before seeking any further extension to complete the corporate insolvency resolution process. A bench led by Justice Chitra Hankare held that “From the application, it appears that the applicant is ready to pay the amount in compliance of earlier order. Reliance Naval has submitted that the said amount is also not paid, and the amount is not given as per schedule.

NEW DELHI : The government along with the Indian Drugs Manufacturers’ Association (IDMA) plans to celebrate the first ever National Current Good Manufacturing Practice Day (cGMP Day) on 10 October, as they focus on improving the poor quality of many Indian drugs. The pharma industry has been hit by several incidents of Indian cough syrups causing the deaths of children in importing countries, following which government has made GMP guidelines mandatory for all drugmakers.

NEW DELHI : Britain’s minister for Indo-Pacific will visit India this month to push Britain’s “tilt" to the region, according to persons aware of the matter. Anne Marie-Trevelyan, who serves as the minister responsible for the region, is expected to focus on economic engagement with India during the visit. The two sides are in the process of negotiating a bilateral free trade agreement (FTA) and are also looking to take on more joint projects in India’s neighbourhood.

Over the last year, the Securities and Exchange Board of India (Sebi) has been working relentlessly to enhance the participation of retail investors in the corporate bonds market. It started in October 2022 with a circular titled ‘Reduction in denomination for debt securities and non-convertible redeemable preference shares’, whereby it reduced the minimum face value of listed debt securities under private placement from ₹10 lakh to ₹1 lakh. For the uninitiated, the ticket size of publicly issued bonds is ₹1,000. In November 2022, Sebi’s subsequent circular titled ‘Registration and Regulatory Framework for Online Bond Platform Providers (OBPPs)’ prohibited these providers from facilitating unlisted debt securities transactions to protect retail investors from liquidity risk in such investments.

One Punch Man has unleashed a fresh wave of excitement as Saitama grapples with an absurd question and sparks fly between him and Flashy Flash. While the chapter kicks off with action, it opens the door to an entirely new storyline, hinting at the involvement of 'God' and the looming intensity of the Neo Heroes Introduction Arc. Here's a glimpse of what the latest chapter unveils and what fans can anticipate in the forthcoming installment.

Kansas City Chiefs tight end Travis Kelce has become even more popular recently thanks to his rumored relationship with pop superstar Taylor Swift. After Swift was seen cheering Kelce on at a Chiefs game at Kansas City's Arrowhead Stadium on Sept. 24, sales of Kelce's jersey jumped nearly 400% on sportswear and fan merchandise site Fanatics, according to The Associated Press.

₹922.58 crore to Reliance General Insurance Company (RGIC), the crown jewel of Reliance Capital Ltd, reports said on October 8. Of the four notices, one pertains to the GST of ₹478.84 crore, applicable as tax on re-insurance commission booked through the re-insurance services ceded to various Indian and foreign entities, news agency PTI reported, citing sources. The notice for the second biggest amount, of ₹359.70 crore, is related to the applicability of tax on the co-insurance premium booked as a follower entity by RGIC in the co-insurance transactions, the persons aware of the developments reportedly added.

unity government to deal with the complex situation after the unprecedented attack by Hamas militants that has left at least 300 Israelis dead. Israeli Prime Minister Benjamin Netanyahu and opposition leaders Yair Lapid and Benny Gantz spoke on Saturday and discussed the possibility of joining Netanyahu's government because of the emergency created by Saturday's infiltration and rocket attacks from Gaza, Ha'aretz newspaper reported. The two opposition leaders expressed their willingness, but Lapid demanded far-right leaders and ministers, Bezalel Smotrich and Itamar Ben-Gvir, be removed.

bone marrow to save a child. According to the story shared on Instagram by the popular account Good News Movement, Ali Alsamarah, a pediatric doctor at a non-profit hospital in Ocala was told that he was a potential match for a child who desperately needed bone marrow. He happily agreed and donated his bone marrow.

FTA journey can be divided into three distinct phases. 1975-2004: In this phase, the focus was on reducing tariffs to promote merchandise trade. India embarked on its FTA journey in 1975 by signing the Bangkok Agreement with Bangladesh, Sri Lanka, and S Korea.

Israeli diplomat and former Deputy Chief of Mission (DCM) Maya Kadosh has stressed the involvement of Iran behind the deadly strikes. In an interview with ANI, Kadosh said, «It's definitely something that was well prepared and well sponsored. And we assume that Iran was behind this move.

India captain Rohit Sharma is aware of Australia's awe-inspiring record in global events and warned his team mates not to lower their guard against them in their first match of the 50-overs World Cup on Sunday. India is currently the top-ranked ODI team and they beat Australia 2-1 last month in a series before heading into the World Cup determined to repeat their 2011 feat when they won the trophy on home soil. «Australia being Australia, we know how they play in ICC tournaments,» Rohit told reporters on the eve of their clash against the five-time champions. «There is a reason they have so many championships. So for us, it will be very important that we stick to what we want to do as a team, focus on our strengths and assess the conditions here,» said the Indian caption.

Karnataka Chief Minister Siddaramaiah will leave for New Delhi on Monday to participate in the Congress Working Committee (CWC) meeting, which is likely to discuss the party's strategy for the upcoming elections. The chief minister during the visit is also likely to meet few union ministers and would discuss various projects concerning Karnataka.

Mental health has undoubtedly made significant strides in terms of improved therapies over the years. However, despite these advancements, there is still a pervasive lack of awareness surrounding mental health. This lack of awareness, coupled with the stigma that often surrounds mental health issues, prevents many individuals from seeking help and accessing the support they need.

millets, extending concessional rate of 18% GST on vehicles purchased by visually impaired persons and taxability on corporate guarantee and bank guarantee given by the directors and promoters of the companies. While no major changes are proposed in GST on goods, the fitment committee is expected to exempt five services supplied to government authorities including water supply, public health, sanitation, solid waste management and slum improvement and upgradation project, an official aware of the discussions at the fitment committee told ET The council is also expected to relax the eligibility criteria on the Appellate tribunals being set up, giving more time to taxpayers to file tax appeals in the tribunal and enabling the provision of one man company in the GST registration form, the official added. The council is likely to issue detailed clarification in terms of GST on certain services, including applicability of taxation of re supply of electricity by housing societies, GST on service on the process of making malt from barley and on renting of bus services. The fitment committee is also learnt to bring all services provided by Indian Railways, under forward charge mechanism, a move which may save India railways Rs 1,300 crore annually, the official said.

New Delhi: Ahead of festivals, the Food Safety Standard Authority of India (FSSAI) has directed sweet manufacturers to follow FSSAI guidelines, follow good manufacturing practices and purchase raw materials like milk, khoya and paneer from licensed vendors in FSSAI lists. The idea is to lower the risk of food adulteration commonly found in sweets during festivals. “Around 150 sweet manufacturers and associations attended the meeting held at FSSAI and directed them to ensure safety and good quality of edibles and raw materials especially milk and its products which are more susceptible to adulteration and contamination due to its high demand.

worth over $280 trillion. However, the most significant barrier to entry is the high entry costs. In addition, there's a lack of transparency. Everlodge will break down these barriers.

FTX co-founder Gary Wang said he and Sam Bankman-Fried committed a multibillion-dollar fraud with customer funds that led to the cryptocurrency exchange’s collapse, shortly after taking the stand against his onetime math camp buddy and MIT roommate.