Aware Financial News

24.09 / 20:13
UPS Waters Aware Mobile Experts reports National MoSPI gears up for 80th national sample survey
national sample survey, people in the know told ET, amid an increasing focus on the quality of survey data. ET reported last month that the 79th round of the National Sample Survey was due to be completed this month, and that the results would likely be available by December-end. “Some of the indicators are likely to be repeated this year as well,” one of the people said. The 79th round of the survey, started in July last year, was termed a comprehensive annual modular survey to create a database of “high-frequency socioeconomic indicators”, which include those in line with sustainable development goals that are not captured by administrative statistics. The 79th survey asked questions on access to mobile phones, drinking water services, internet, computer and financial institutions, which the people said may be repeated in the next round as well. The 79th round also included the first comprehensive survey on Ayush (Ayurveda, Yoga & Naturopathy, Unani, Siddha and Homoeopathy) to gauge awareness and penetration of the Ayush systems besides the expenditure incurred on treatments. The new round will likely include a comprehensive survey suggested by a different ministry. Some of the ministries have already made requests. The survey will have to be approved by the newly reconstituted Standing Committee on Statistics.
24.09 / 19:09
UPS Aware Deal Seal Majority of lenders of IL&FS Tamil Nadu Power Company seal loan recast deal
ITPCL), allowing them to distribute the ₹3,134 crore cash in the company as early as next week after the board of the debt-laden financial and infrastructure conglomerate gave its approval, people familiar with the process said. The master restructuring agreement (MRA) was approved by a majority of lenders last week. This envisages a loan repayment schedule up to March 2038 and redemption of non-convertible debentures (NCDs) by March 2040. «Seven out of 12 lenders have approved the plan which means that it meets the minimum votes required by Reserve Bank of India (RBI) norms according to the June 7 circular.
24.09 / 19:09
Provident FIVE Aware NARCL pays Srei lenders promised upfront cash
NARCL), the winning bidder to take over the bankrupt Srei non-bank lenders has distributed ₹2,580 crore of cash accumulated in the company to creditors in the first step to implementing its resolution plan. The cash was distributed as part of the ₹3,180 crore upfront payment promised by the bad bank in its winning bid and was credited to banks on Saturday, four people familiar with the details said. The payment to lenders means that NARCL now has 45 days to complete the implementation of its plan including the issuance of debentures and preference shares to lenders which can be encashed based on future recoveries from the account. «The distribution of cash is an important milestone in the implementation of the plan. NARCL will now move for documentation, issuance of debentures and equity stake to lenders as promised in its resolution plan,» said a person aware of the details.Canara Bank is the largest beneficiary receiving ₹250 crore, followed by State Bank of India (SBI) at ₹220 crore, Punjab National Bank (PNB) at ₹215 crore and Union Bank of India at ₹200 crore. As almost all lenders have fully provided for this loan, the recovery is likely to be written back to the banks' profits.
24.09 / 18:07
Aware Parke awards country JSW Infrastructure plans to bid for terminals at major ports
JSW Infrastructure will bid for the multiple terminals that are being offered by the government as part of a privatisation drive under the public-private-partnership model, people aware of the development said. The company is currently participating in tenders for terminals in Goa, Haldia, Kandla, Ennore and Vizag, among others, and will be prioritising container, liquid and gas terminals as it looks to focus on connectivity and value addition for customers. «Increasing the last-mile connectivity for the customer and value addition, these will be the priority for the company,» one of the people said. «They are also looking at container freight station and multi-modal logistics parks, which can help in improving the core business and increase stickiness of customers,» another person said. The second-largest operator of ports in the country, which has for long been in the captive business, has also ventured into third-party businesses over the last four-five years. Queries sent to JSW Infra were unanswered at the time of going to the press Sunday. The company's balance sheet is strong enough to sustain these bids, the people said. It has also bid for a port in Karnataka but is yet to be awarded the project. JSW Infra, which currently has 158 mt of capacity, plans to increase that to 300 mt by 2030, the company told analysts in a meeting last week.
24.09 / 18:07
Aware Gaurs Group buys 2 projects for Rs 700 crore
Gaurs Group has acquired 18 acres of land in Sector 129 of Noida and a stalled project in Jaypee Greens, Greater Noida, together for about ₹700 crore, three people aware of the deal said. The Noida land will be used for a Grade-A retail and office project. At Jaypee Greens, the real estate company will develop and deliver two stalled residential towers, along with the creation of an additional 1.5 million sq ft of space, the people said. Gaurs Group chairman Manoj Gaur confirmed the transactions to ET and said both land parcels were situated in prime locations and would be utilised accordingly. «There is potential for residential development on the Sector 129 land, and we are currently in the planning phase.
24.09 / 18:05
UPS Aviat Aware Airlines UBS Akasa Air plans to raise up to $400 mn
MUMBAI : Akasa Air, India’s newest airline, is considering raising as much as $400 million, valuing the carrier at $1 billion, two people familiar with the development said. However, this could lead to a dilution of the stake held by the family of late billionaire investor Rakesh Jhunjhunwala, they said. “The fundraising will be done in multiple tranches, with an increasing valuation of up to $1 billion from around $650 million now.
24.09 / 17:43
Citizens VISA Aware country information travelers Centre Centre to cancel OCI cards over pro-Khalistan activity
NEW DELHI : India is in the process of cancelling the registration of more than a dozen Overseas Citizenship of India (OCI) card holders for carrying out pro-Khalistan activities and anti-India propaganda, said two people aware of the development. The move comes in the backdrop of India suspending visa services in its Canadian missions, and directing Canada to cut its diplomatic staff in India.
24.09 / 14:51
UPS Progressive Aware CEO Strategy Align performer Rishad is chair, I’m CEO, Azim Premji is a shareholder: Wipro’s Delaporte
Mint sat down with Delaporte for an interview, at Wipro’s office in Gurugram, the company announced that its chief financial officer (CFO) Jatin Dalal had resigned. Dressed in white JM Weston sneakers, blue jeans, and a white shirt, Delaporte appeared unfazed by the exits and defended his leadership style. Wipro is in the middle of a ‘tough’ transformation and people not aligned with the company’s objectives leave, he said.
24.09 / 10:55
Cooper Aware Intel country information reports US intel involvement risks 'ensnaring' Washington in ongoing India-Canada row: Report
Canada developed the most definitive intelligence that led to Prime Minister Justin Trudeau to make allegations against India, triggering a diplomatic standoff, The New York Times reported citing Western allied officials. In the aftermath of the assassination of Hardeep Singh Nijjar, US intelligence agencies shared context with their Canadian counterparts, contributing to Canada's determination of India's role in the incident. However, what appears to be the crucial piece of evidence, intercepted communications involving Indian diplomats in Canada, indicating their involvement in the plot, was collected by Canadian officials, as confirmed by allied officials, according to the report in the NYT. While US Secretary of State Antony J Blinken has called upon India to cooperate with the Canadian investigation, US officials have been cautious about triggering any diplomatic backlash from India.
24.09 / 06:43
COST UPS Twitter BLOCK Aware awards Mumbai After BPCL, ONGC signs up HPCL for sale of oil from Mumbai offshore fields
ONGC) has signed an agreement to sell crude oil it produces from Mumbai offshore fields to HPCL — the second such agreement in as many months, as India's top oil and gas producer prefers term contracts over auctions where refiners hammer deep discounts. In a post on X, formerly known as Twitter, ONGC said it has inked 'term agreement with HPCL for sale of crude oil from Mumbai offshore.' While it did not give details, sources aware of the matter said the pact for sale of about 4.5 million tonnes per annum of crude oil to Hindustan Petroleum Corporation Ltd's (HPCL) Mumbai refinery. «This is the second term agreement sealed for sale of Mumbai Offshore crude oil post marketing freedom,» ONGC said. Last month, ONGC had signed a similar pact to sell 4 million tonnes per annum plus an optional 0.5 million tonnes of crude oil to Bharat Petroleum Corporation Ltd (BPCL), which too has a refinery to convert the crude oil into fuels like petrol and diesel at Mumbai. ONGC produces 13-14 million tonnes per annum of crude oil from its fields in the Arabian Sea, off the Mumbai coast. In June last year, the government abolished a rule that said oil from blocks awarded prior to 1999 must be sold to government-nominated customers, mostly state refiners.
24.09 / 03:09
Citi Aware Fox Career POT reports Minnesota's first cannabis regulator resigns after allegations of illegal sales
Former White House Drug Policy Advisor Kevin Sabet weighs in on dangers of NCAA's support of colleges allowing athletes to smoke marijuana.
24.09 / 02:57
Cooper Waters Aware Enterprise country Department I2U2 takes partnership forward, announces joint space venture
space venture on the margins of the United Nations General Assembly in New York to take forward their partnership. “Primarily using the space-based observation data and capabilities of the four I2U2 partner countries, this project aims to create a unique space-based tool for policymakers, institutions and entrepreneurs, enabling their work on environmental and climate change challenges and furthering our cooperation in the applications of space data for the greater good of humanity,” according to a readout by the State Department following the announcement on Friday. Meanwhile, Under Secretary of State for Economic Growth, Energy, and the Environment Jose W.
23.09 / 18:33
UPS Aware Remark WhatsApp Danish Ali instigated Ramesh Bidhuri with ‘unpardonable words’ against PM Modi: Nishikant Dubey writes to Speaker
what led to those utterances. "...in this unprecedented din, which has unfortunately grabbed media attention, and then was lapped up by other political parties with hidden agendas to perpetuate their politics on the issue," Dubey wrote.
23.09 / 17:41
MET Aware Yellow country cover travelers Warning Ireland weather update: Status Yellow Rain Warning issued for Cork, Waterford, and Wexford; Details here
Ireland's weather forecast is set for some significant changes, with Met Éireann issuing several Status Yellow rain warnings. These warnings are crucial for residents in affected areas to be aware of, as heavy rain and potential travel disruptions are expected.
23.09 / 17:41
Extreme Aware Fighting Remark love show MP CM mocks Rahul for carrying suitcase with wheels on head, question's Congress' future under such a leader
Shivraj Singh Chouhan on Saturday mocked Congress leader Rahul Gandhi for carrying a «suitcase with wheels» on his head during the latter's recent interaction with porters. Gandhi had interacted with porters at Anand Vihar railway station in Delhi on Thursday and images showed him in a trademark porters' red shirt carrying a suitcase with wheels on his head. «I am surprised.
23.09 / 17:27
COST Target Aware Fox BlackRock track Paying credit card debt down is getting harder
BlackRock Global Fixed Income CIO Rick Rieder discusses whether the Fed is close to ending the current rate hike cycle on 'The Claman Countdown.'
23.09 / 15:11
Provident Target Aware WhatsApp information ‘Congratulation, Your prize is iPhone 15’: Scammers using THIS technique to fraud people
iPhone 15 by sharing that post with 5 groups and 20 friends. Then it provides a link to click on where users can claim their prize. "Please be careful! India Post is not giving any kind of gift through any unofficial portal or link.
23.09 / 14:03
Citi Aware Action Bill Divinity country PM Modi gives credit to women for passage of women's reservation bill in Parliament
Narendra Modi on Saturday gave credit to the women of the country for the passage of the women's reservation bill in Parliament and said the power of their leadership has been proved in every period in history. Modi said this while addressing an all-women public meeting in his parliamentary constituency Varanasi, where the women showered flower petals on him for the Parliament's nod to the «Nari Shakti Vandan Adhiniyam». Talking about the recent approval to the Constitution (128th Amendment) Bill, referred to as the «Nari Shakti Vandan Adhiniyam», by Parliament, the prime minister said, «Women's leadership may be a modern system for the rest of the world, but we are the people who worship Mother Parvati and Ganga before Mahadev.» Hitting out at opposition parties, especially the Congress, he said, «This law has been named Nari Shakti Vandan Act, although some people have a problem with the word vandan (worship).
23.09 / 09:29
UPS Provident Aware Dreams Bill Experts beautiful Why your need for life insurance is much more than you think
Your monthly income helps you to meet regular expenses such as groceries, household utility bills, children’s school fees and even an annual family vacation.
23.09 / 09:29
Provident Aware Platform economy performer information recommendations Financial How to evaluate and analyse corporate financial statements before investing in stocks
A very common piece of investing advice is that you should conduct your own research and analysis instead of fully relying on somebody else’s recommendations. But how do you do this? When it comes to investing in stocks, the key is to evaluate and analyse the financial statements of the company you are looking at. 
23.09 / 08:23
Provident Aware Align Healthcare Experts information testing network OpenAI Announces Call for Experts to Join its Red Teaming Network
OpenAI has initiated an open call for its Red Teaming Network, seeking domain experts to enhance the safety measures of its AI models. The organization aims to collaborate with professionals from diverse fields to meticulously evaluate and «red team» its AI systems.

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