Aware Financial News

NEW DELHI : A push by India and the Philippines to renegotiate their investment agreement is moving slowly, according to persons aware of the matter. The agreement, which was signed in 2000 and came into force in 2001, expired in 2011. New Delhi has called for the agreement to be terminated and replaced by a new Bilateral Investment Treaty (BIT).

Nijjar at a gurdwara in Surrey in June can have far-reaching implications for ties between the two countries. Many think Trudeau has thrown Canada's national interest under the bus for narrow political gains.

Bank of Maharashtra failed to receive any firm bids for its loans of Asian Hotels (North), at the auction held on Tuesday, said people aware of the development. Asian Hotels (North) which operates the five-star property Hyatt Regency (Delhi). The bank had set a reserve price of Rs 330 crore as against the outstanding dues of Rs 324 crore, according to the auction notice posted on the bank’s website. The bank had received expressions of interest from a few asset reconstruction companies, but eventually, none gave a firm bid at the auction on September 26, the people cited above said. The company suffered a setback due to Covid-19, resulting in a cash crunch.

Mukesh Ambani’s sprawling retail empire. ADIA is seeking to invest $600 million into the organized retailing business of Asia's richest person, people aware of the developments told ET, at valuations that significantly exceed those during an earlier concluded round three years ago. ADIA is already an investor in Reliance Retail Ventures (RRVL), having bought a 1.2% stake for Rs 5,512.50 crore ($751 million) in October 2020, when the company raised Rs Rs 47,265 crore by selling 10.09% stake to a clutch of bulge-bracket investors that included Saudi PIF, Mubadala, GIC of Singapore, Silverlake, TPG and GA. From the previous bunch of investors, KKR has already made a follow-on investment of Rs 2,069.50 crore at a pre-money equity value of Rs 8.361 lakh crore ($100 billion), making RRVL among the top four companies by implied market capitalization in the country. Thus far, Qatar's $1-billion infusion has been the only fresh investment in the current round of fund raise. The current valuation is almost at a 60% premium to the last financing round three years ago, but is much lower than what most equity analysts perceive the value of the privately held retail business to be.

LAFC and Tigres UANL are set to face off for regional supremacy in the Campeones Cup this Wednesday. This event marks the fifth edition of the competition, which pits the current MLS Cup champions against Liga MX's Campeon de Campeones victors. LAFC is eager to continue MLS's impressive track record in this matchup, as MLS teams have emerged victorious in every edition of the Campeones Cup except for the inaugural one in 2018 when Tigres defeated Toronto FC. Here's a quick rundown of what you should be aware of before tuning in to the event.

₹6,914 crore in the second tranche of the current fiscal year despite high gold prices. Rising global macro uncertainty and high retail price inflation back home, amid rising crude oil prices, are driving investor demand, according to a banker and a senior broking official.

MUMBAI : KKR & Co. plans to carve out the municipality business from RE Sustainability Ltd (formerly Ramky Enviro Engineers Ltd) that it acquired five years ago, and sell the unit back to its original promoters, two people aware of the matter said. The private equity firm believes that removing the municipality business, which serves local governments, will make the company more attractive for potential buyers, the people cited above said.

DGFT) has opened the window for registration of companies seeking to import IT hardware such as laptops and tablets, with a one-week target for approval of an application. As per officials aware of the details, companies need to provide value and volume details around import/export of hardware along with domestic manufacturing for the past three years. The firms also need to disclose the country of origin for imports. «The format for registration has been shared and companies can revert if some things need to be fine-tuned.

₹1.5 trillion ($18 billion) cumulatively to companies in the online gaming sector for alleged underpayment of taxes over several years, three people aware of the matter said. Projections of such taxation notices come a day after Mumbai-based Sporta Technologies, which runs the popular fantasy gaming platform Dream11, filed a writ petition in the Bombay High Court appealing retrospective show-cause notices by the DGGI for FY18 and FY19.

Companies spend a lot of time making sure employees know the rules regarding cybersecurity. They cajole, they beg, they threaten. They make them take classes, sign forms, watch videos.

Exciting news! Mint is now on WhatsApp Channels :rocket: Subscribe today by clicking the link and stay updated with the latest financial insights!" Click here! Rota issued an apology on September 25, saying that he was not aware about Hunka's associated with the Nazi forces. "I have subsequently become aware of more information which causes me to regret my decision to do so." Canadian Prime Minister Justin Trudeau also expressed regret, noting that "this is something that is deeply embarrassing to the Parliament of Canada and by extension to all Canadians." "It's extremely upsetting that this happened.

P K Mishra said on Tuesday that over 1.5 crore citizens directly participated in various G20 events held across the country during the country's presidency of the powerful bloc. Speaking at the G20 University Connect Finale at Bharat Mandapam here, he said with events such as awareness rallies, selfie with monuments, contests, essay and quiz competitions, workshops, marathons, cleanliness drives and 'Yuva Samvaad', the objectives of the G20 were taken to the last mile.

Maruti Suzuki India Chairman RC Bhargava said on Tuesday. Speaking at an event here, the veteran industry leader noted that the central government over the last nine years has been bringing in a series of reforms and improvements in the business environment. He noted that the country has seen massive improvement in the rankings when it comes to the ease of doing business.

BEIRUT (Reuters) — Lebanon risks being «ostracised» by the international community if its nearly year-long presidential vacuum drags on further, France's special envoy Jean-Yves Le Drian told a local Lebanese newspaper in an interview published on Tuesday.

2024 Lok Sabha polls by the Congress and some other parties is "politically motivated" and an attempt to defeat its purpose, said Union minister Anurag Thakur on Tuesday. «These parties are aware that neither census nor delimitation has been done and any person can go to the court and get the process stalled,» he told reporters here. Replying to a question whether the NDA is becoming weak with allies like AIADMK quitting the alliance, the information and broadcasting minister said JD(S) and some other parties are joining the ruling alliance which is strong and will win the 2024 Lok Sabha polls.

ELDGholders can stake tokens for passive income gain. Token holders enjoy discounts on transaction fees, and exciting holiday giveaways. So, act fast; the presale phase is underway, with tokens up for grabs at a mere $0.018.

Joshimath in Uttarakhand, according to a post-disaster needs assessment conducted by government agencies. Starting January 2, a number of houses and civil structures in an area located near Joshimath-Auli road began to display major cracks due to land subsidence, prompting the relocation of 355 families. According to local residents, land subsidence had been noticed over several years but became increasingly severe from January 2 to January 8.

Rajeev Chandrasekhar on Tuesday claimed the Karnataka government released Cauvery river water to Tamil Nadu after succumbing to the pressure from the ruling DMK and the INDIA bloc. He alleged the Siddaramaiah government released the water as the Congress was aware that it could not survive without the MK Stalin-led Dravida Munnetra Kazhagam (DMK) in Tamil Nadu. Speaking to reporters here, Chandrasekhar said the BJP would not allow the political pressure to which the «Congress has succumbed» to affect the people of Karnataka and will put up a strong fight.

central government departments by the NDA dispensation since 2014 as against six lakhs during the first nine years of the UPA rule, Union Minister of State for Personnel Jitendra Singh said Tuesday. Addressing 'Rozgar Mela' presided over by Prime Minister Narendra Modi here, Singh said that not only jobs have been created in the past nine years but the PM has generated awareness among the youths that employment is not only about government jobs. That is why, he said, the number of start-ups have gone up to 1.25 lakh from around 350-400. «You (PM) have also opened up space sector and the number of start ups went up to 150 from four.

Canada's parliament honours a man who fought for Nazis, Speaker apologises later Speaking to reporters on Monday, Trudeau said (as quoted by ANI), "It's extremely upsetting that this happened. The Speaker has acknowledged his mistake and has apologized.

Also read: Manohar Lal Khattar announces ban on ‘Hookah bars’ in Haryana As part of this initiative, all government officials pledged that if they visit Karnal on Tuesday, they will ride a bicycle or motorcycle. In separate news, the Haryana chief minister announced a ban on serving hookah to customers in hotels, restaurants, bars, and commercial establishments across the state yesterday.