Aware Financial News

President Vladimir Putin of Russia will be unable to attend the G20 Summit in New Delhi, the Kremlin announced last week. This came after Russia’s longtime leader also skipped the BRICS Summit in South Africa. Putin will also skip the East Asia Summit in Jakarta, which will see Prime Minister Narendra Modi participate.

Advertising Standards Council of India (ASCI)—a self regulatory organisation whose directives are not legally binding—launched ASCI academy, an initiative to ensure responsible advertising campaigns, on Monday. The ASCI academy will provide courses for a range of people from students to influencers, in line with advertising regulations and ethical practices. The courses will be offered online, in person and in hybrid models, through e-learning modules, masterclasses and faculty development programmes. While ASCI normally plays a role post ad publication or broadcast, this initiative is aimed at intervening at the time of creation to ensure guidelines awareness are followed at the time of ideation and approval of an ad. “With short campaign durations, it is important that attention is directed at the point of creation of ads, not just after they are published.

clinical trial registries. They also acknowledged the potential of evidence-based T&CM practices in public health delivery systems, provided they are rigorously and scientifically validated to be safe and effective as per WHO TM Strategy 2014-23, extended till 2025," said an official.

general elections due next year. The campaign was launched on August 25 to help register new voters including people who have shifted, remove doubtful voters, and correct voter card details, according to a report published by the news agency ANI. "A team has been constituted up to the booth level.

Dalmia Bharat group is set to acquire Birla Tyres after creditors approved their resolution plan that proposes partial repayment of ₹1,100 crore of bank loans of the BK Birla group company undergoing insolvency proceedings at the National Company Law Tribunal (NCLT), according to sources aware of the matter. The resolution offer made by Dalmia Bharat Refractories was cleared by over 75% of creditors of Birla Tyres, well past the two-thirds majority threshold mandated under the Insolvency and Bankruptcy Code for approval of revival plans of stressed companies.Axis Bank leads the group of creditors. Voting on the resolution plan concluded last week.ET had first reported on August 19 that Dalmia Bharat had submitted a revised plan for Birla Tyres. The resolution proposes to repay around ₹300 crore of Birla Tyres' debt.

CNBC-TV18 which cited sources. The decision comes as the financially constrained airline secured urgent funding of ₹100 crore from lenders to meet some immediate expenses. The report added that Go First plans to use the ₹100 crore funding to pay parking and airport costs, employees' salaries, insurance premiums, aircraft maintenance, repair, and statutory dues.

(Reuters) -The U.S. Federal Trade Commission (FTC) has suspended its challenge of Amgen (NASDAQ:AMGN)'s $27.8 billion purchase of Horizon Therapeutics (NASDAQ:HZNP), allowing the FTC to consider whether the agency should settle the case, a filing late on Friday showed.

fraudsters that would make information accessible in real time to all the banks to prevent digital frauds and provide faster resolution of such issues, people familiar with the development said. They have initiated discussions with the Reserve Bank on the proposed portal, they said. A senior bank executive aware of the developments said the portal will help lenders connect seamlessly on such fraud cases and stop and trace funds being transferred from one account to multiple accounts. «In most cases of digital fraud, money is transferred into multiple accounts spread across various banks and financial entities. This becomes too difficult to trace at times, leading to delays.

NEW DELHI : Leading global and domestic manufacturers have shown interest in the new production linked incentive or PLI scheme for IT hardware, said ministry of electronics and information technology secretary Alkesh Kumar Sharma. “About 58 registrations have taken place. The response has been good.

covid pandemic, at a time when prompt data was hard to come by. The results of the survey’s 10th round, which took place in June, have been published in Mint over the last two weeks, starting 15 August (bit.ly/3YH0IoF). The latest round, which covered 10,072 respondents, sought to understand the views of urban Indians on the country’s newfound status as the world’s most populous nation.

climate change concerns and setting carbon reduction targets. India has set ambitious goals to reduce its emissions intensity by 33-35% from 2005 levels by 2030 and to achieve 40% of its electricity generation from non-fossil fuel sources by then. These objectives are part of the country’s effort to achieve net zero greenhouse-gas-emissions by 2070.

By Dan Levine and Hyunjoo Jin

Haha! I began this journey but got kicked out after years of futile effort. Just imagine the frustration that will set in having just 150 followers after two years of trying to build my X account. It was so depressing that I just had to give up on my influencing dreams.

Reliance Retail will take its Campa brand global, starting with Asia and Africa, Isha Ambani said at the Reliance Industries annual general meeting (AGM) on Monday. Campa, which competes with global cola makers Coca-Cola and PepsiCo in India, will be the first homegrown cola to be taken overseas. “We are scaling it (Campa) up further in India, and have also started work to take it global, starting with Asia and Africa,” Ambani, director at Reliance Retail Ventures, said in her address at the AGM. In April, Reliance Consumer Products Ltd (RCPL), the fast-moving consumer goods (FMCG) arm of Reliance Retail Ventures, had inked a strategic partnership with beverage can and filling company Ceylon Beverages, promoted by former cricketer Muttiah Muralitharan, to co-pack and manufacture Campa soft drinks, and this partnership is expected to be leveraged for Campa’s foray in markets outside India as well, executives aware of the plans said. Ceylon Beverages has partnerships with international, national and regional companies, including those making mineral water, energy drinks, soft drinks and juices. Reliance Retail had acquired Campa mid last year from Pure Drinks group for an estimated Rs 22 crore.

Modi government, during which nine lakh jobs were given to the country's youth.

insolvency process exhibit a significant increase in business metrics, but their new owners encounter difficulties when interacting with tax officials, banks, and even the RBI, said a study by Indian Institute of Management, Ahmedabad. For instance, several of the companies claimed that banks made it difficult for them to acquire loans by refusing to remove the "defaulter" tag even after resolution. The conditions were a little tough wherever loans were offered, reported TOI. “A lack of general awareness about the new resolution process by all stakeholders has been pointed out by the respondents.

The Nun II, from The Nun series of films. Directed by Michael Chaves, The Nun II was made at a huge budget of $2 billion, making it the most expensive film in The Conjuring Universe, which is celebrating its 10th anniversary in 2023. On the occasion, The Nun II producer James Wan and lead actor Taissa Farmiga shared the experience working with director Michael Chaves.

E and V bands spectrum and backhaul carriers to telecom operators, a move that is set to rekindle a battle between telecom and tech companies. Officials aware of the details told ET that Trai is likely to treat E and V bands separately as they have slightly different characteristics. While E band (71-76 GHz and 81-86 GHz) is being primarily used for 5G backhaul, the usage of V band spectrum (57-64 GHz and 64-71 GHz) has not become prevalent so far. Further, a certain quantum in the V band may be delicensed, or allotted without auctions, for indoor coverage.

NEW DELHI : India is in talks with a number of African countries, including Namibia, Mozambique and Kenya, to help develop its Unified Payment Interface (UPI) and to conclude commercial partnerships between payments platforms, according to persons aware of the matter. This push comes after Ritesh Shukla, International CEO of the National Payments Corporation of India (NPCI), which developed UPI, stated that the number of countries where UPI is live will double in the next 12-18 months. “There are many countries in the world which have similar problems we had before the advent of UPI.

NEW DELHI : India may no longer stick to the template for bilateral investment treaties (BIT) that it adopted after terminating most of these treaties in 2016, a senior official aware of the development said. The change in the approach comes at a time when India is negotiating investment treaties alongside free trade agreements with some top trading partners, including the UK and EU, that are looking for stronger investment protection while objecting to the 2016 model BIT.

Ministry of Health and Prevention (MoHAP) has launched a back-to-school health awareness campaign from August 17 to 31 to equip parents and students with insights into the significance of adopting healthy lifestyles as they return to school, emphasising the benefits of physical activity, a balanced diet, regulated sleep patterns, and controlled electronic screen time. In collaboration with the Ministry's representative offices across the UAE, six community events were held at Lulu Hypermarkets. Additionally, an exclusive awareness session was organized specifically for MoHAP employees. These events involved a series of activities, including healthy cooking workshops for parents and children, guided by expert chefs, where they learned how to prepare nutritious school meals. Nutritionists provided participants with tips on how to preserve food in school lunch bags during prolonged school hours.