Aware Financial News

By now you must be aware of the AI market being on a steady rise and heralding global news headlines. 

Deloitte Haskins & Sells LLP is likely to resign as the auditor of Adani Port & SEZ citing difference of opinion with the management relating to few transactions, said multiple people aware of the development. The formal announcement of resignation is expected in a few days, said a person familiar with the development on the basis of anonymity as talks are private. Deloitte Haskins has been auditing the company since FY18, when it took over from SRBC & Co LLP, an EY affiliate.

ABC boss David Anderson has admitted the broadcaster was wrong when it said a Four Corners crew had no knowledge of what climate protesters were planning to do outside Woodside Energy chief executive Meg O’Neill’s Perth home earlier this month.

Miners and advocates are pleading with the Mine Safety and Health Administration to ensure a proposed rule to cut the current limit for silica dust exposure has strict enforcement mechanisms

Adani group are in talks with merchant bankers to raise as much as Rs 1,500 crore ($181 million) each through local currency bonds as part of the ports-to-power conglomerate's aim to raise 100 billion rupees this financial year, a company official and three bankers said. The plans are part of the Adani group's tentative return to the local bond markets after a hiatus since January when U.S. short-seller Hindenberg Research raised governance concerns that led to a selloff in the group companies' stocks.

It’s game on for Lendlease’s Australian Communities business, put up for sale via Macquarie Capital in April. First-round bids are in with at least four names throwing their hat in the ring, Street Talk understands.

cameras, printers, hard disks, parts of telephonic and telegraphic devices, said people aware of the matter. The local demand for these products is substantial and their heavy imports need immediate intervention to push domestic production opportunities, they said. The imports of these goods crossed $10.08 billion in FY23.

Life Insurance Corp of India (LIC) recorded a 14-fold year-on-year jump in net profit at ₹9,543.7 crore for the first quarter of FY24, even though the country's largest insurer has been witnessing a shrink in its market share in terms of new business premium. The super-normal growth in net profit is primarily attributed to a base effect and a change in accounting entry, involving a transfer of funds from non-participating policies to shareholders account as a part of accretion on the available solvency margin, according to a regulatory filing. In the previous fiscal's June quarter, LIC's net profit was ₹682.9 crore.

NEW DELHI: : India and Taiwan are working on a migration and mobility agreement for greater collaboration and movement of skilled professionals between their technology industries, a person aware of the matter said. An agreement may also cover sectors like agriculture and manufacturing. Taiwan’s skills in semiconductor manufacturing and advanced technologies could fit well with India’s large pool of technology talent.

IIT-Kanpur and other stakeholders to come out with a revised proposal on broadcasting live TV on mobile phones without data connection as the current option shared with it lacks clarity. At a meeting earlier this week, officials from the ministry of information and broadcasting (MIB), IIT-Kanpur, associations of cable operators, telecom firms and broadcasters explored the feasibility of beaming TV channels and other content on mobile phones on the lines of DTH (direct-to-home) broadcasting and without using any data connection.

income tax law as only 1% of recognised entrepreneurs have availed the benefit. The department-related Parliamentary Standing Committee on Commerce has expressed concern about the low utilisation of section 80-IAC of the Income Tax Act, 1961, which entitles eligible startups to avail the tax benefit. It was implemented in 2017.

NEW DELHI : Private equity (PE) firm Actis Llp has agreed to acquire five hybrid annuity model (HAM) road projects from Patel Infrastructure Ltd at an equity value of around $91 million, two people aware of the development said. Actis may place these road assets under an infrastructure investment trust (InvIT) that will also house the six operating highway toll road projects that it bought from Welspun Enterprises Ltd last year. The Welspun deal, struck at an enterprise value of $775 million, marked the first road investment in India by Actis Long Life Infrastructure Fund.

Cipla, called all reports of stake sales by the promoters as “speculative". “I would like to inform you as the chairman of Cipla, that all the news that you are hearing is speculative and all the clarifications for this have been made to the stock exchange... And whatever information given to the stock exchange is in the public domain and is public knowledge," said the chairman during the 87th Annual General Meeting on Thursday.

₹1,00,000 on The Tapindu Urban Co-operative Bank Limited, Patna for non-compliance with the directions issued by RBI on ‘Exposure Norms and Statutory / Other Restrictions – UCBs’. The bank had failed to comply with RBI directions on prudential inter-bank exposure norms at the gross level.

Americans are paying more to rent or insure their homes than a few years ago and much more to buy one with a mortgage, but there’s a silver lining in that hardship: A cool-down could help convince the Federal Reserve to pause its series of interest rate hikes. Thursday’s report from the Labor Department on inflation showed that more than 90% of the increase in prices in July came from shelter. Other big contributors were things like motor vehicle insurance.

New Delhi: India is committed to eradicate Lymphatic Filariasis by 2027, surpassing the global target by three years, Union Health & Family Welfare Minister Mansukh Mandaviya said on Thursday while inaugurating the second phase of the Annual Nationwide Mass Drug Administration (MDA) initiative. With the second phase, which commenced today, targeting 81 districts across nine endemic states, including Assam and Uttar Pradesh, the minister emphasized a holistic strategy.

Every year 12 August is marked as the annual celebration of International Youth Day. 12 August is observed as a day of awareness, designated by the United Nations (UN). The first Youth Day was observed in 1999 after the UN General Assembly (UNGA) passed a resolution accepting the recommendation made by the World Conference of Ministers Responsible for Youth in Lisbon.

Lymphatic filariasis by 2027, three years ahead of the global target through a multi-partner and multi-sector targeted drive, Union Health Minister Mansukh Mandaviya said on Thursday. Mandaviya inaugurated the second phase of the Annual Nationwide Mass Drug Administration (MDA) initiative here on Thursday. «Through Jan Bhagidaari and Whole of Government and Whole of Society approach, we shall be able to eliminate this disease from the country,» the Union minister said. The second phase of the drive, commencing on August 10, will cover 81 districts in nine endemic states — Assam, Bihar, Chhattisgarh, Jharkhand, Karnataka, Maharashtra, Odisha, Telangana and Uttar Pradesh. Chhattisgarh Deputy Chief Minister TS Singh Deo and his counterpart in Uttar Pradesh Brijesh Pathak, Odisha Health Minister Niranjan Pujari and his counterparts in Assam Keshab Mahanta and Banna Gupta in Jharkhand joined the inauguration virtually. Addressing the gathering, Mandaviya said, «Efforts must not be limited to taking medicines but also aid in eliminating the spread of diseases via mosquitoes, without which progress to achieve our goal will be significantly restricted».

Narendra Modi shared on X (formerly twitter) that World Lion Day provided an opportunity to celebrate the magnificent lions that capture our admiration with their strength and magnificence. He mentioned that India felt proud to be the home of the Asiatic Lions, and highlighted that there had been a consistent rise in the lion population in India over recent years. PM Modi applauded the individuals and groups working tirelessly to protect the lions' habitats.

Narendra Modi is set to respond to the oppositions no-confidence motion debate during the Parliament session on Thursday, the INDIA bloc MPs hope that he candidly discusses Manipur, unlike perceived evasiveness by Amit Shah, who started his speech with ‘Pandit Nehru’ In a sharp attack towards PM Modi, Congress chief Mallikarjun Kharge stated in Rajya Sabha, “...Pradhan Mantri ke aane se kya hone wala hai, kya parmatma hai woh? Yeh koi bhagwan nahi hai" Noting that everyone is eagerly waiting for PM Modi to speak in the Parliament, MP Manoj Kumar Jha said, “This no-confidence motion wasn’t brought for numbers. We all are aware that you’ve (Centre) numbers, but we have small numbers and through this device, we could hear something, Manipur could hear something." I just hope that today he doesn’t become a human of the past and start with Nehru like Amit Shah’s speech yesterday, he went on to add, as quoted by ANI.

FOR THE past two years, policymakers in most of the world’s biggest economies have faced an excruciating stagflationary dilemma. They have wrestled simultaneously with high inflation, which demands steep interest rates, and fears of a recession, which would normally call for policy easing. The exception is China.