Aware Financial News

Warburg Pincus is in advanced negotiations with Canadian investor Brookfield Asset Management Inc. to acquire Everise Holdings, a Delaware-registered outsourcing company, said three people aware of the development. The deal is expected to value Everise at $1.2-1.3 billion, they said.

India is looking to set up its own international financing messaging system along the lines of SWIFT (Society for Worldwide Interbank Financial Telecommunications), the channel used worldwide to transfer funds and securities across borders. The proposal is a part of the government's bigger plan to internationalise the Indian currency, people aware of details told ET. The system will help settle bilateral trade in rupees.

Cholamandalam Investment and Finance is set to raise funds worth up to ₹1,500 crore through a public issue of bonds, with the sale likely to open on July 28 and close on August 10. The issue has a base size of ₹500 crore and a greenshoe option of ₹1,000 crore, sources aware of the development said.

The report said it «firmly believes that the implementation of the bill will be a momentous turning point in the domain of data processing, as it effectively brings the previously unregulated landscape under comprehensive regulation in a seamless and non-disruptive manner», according to sources in the panel. Opposition MPs, however, staged a walkout on Wednesday as they claimed that they were not made aware of the adoption of such a report by the committee.

Dunzo has seen its scale of operations fall to almost one-fifth of the peak it hit last year as it continues to grapple with cash flow issues and scouts for a lifeline, multiple people aware of the matter said. The Reliance Retail-backed firm is clocking somewhere between 1 million to 1.5 million monthly transactions for its consumer-focused grocery delivery service Dunzo Daily, they told ET.

NFL star quarterback Aaron Rodgers has reached a revised agreement with the New York Jets, as confirmed by the 39-year-old during a press conference at the training camp on Wednesday. While Rodgers did not disclose specific details of the reworked deal, NFL Network's Tom Pelissero reported that the two parties had settled on a new two-year contract worth $75 million, fully guaranteed, extending through the 2024 season. This means, as per the report, that Rodgers accepted a significant pay cut of approximately $35 million, considering his previous contract had about $110 million guaranteed for the remaining term.

The US state of Wyoming is seeking to hire an executive director for its new stablecoin project, and the position will pay an annual salary of $150,000, which is $10,000 more than the state’s governor.

It was some seriously coincidental timing when the Securities and Exchange Commission dropped its bombshell allegations against Joe Lewis on Wednesday. Among the claims being pursued in New York courts is that the British billionaire attempted to help two pilots who flew his private jet make a motza off insider information he had obtained about AACo.

Ganesha says relationship with distant relatives and friends will be established today. The mind will be happy as the old memories are refreshed. Meditating on a particular posture can also give you a solution to a problem.

Nalwa Steel and BTL EPC plan for bankrupt McNally Bharat Engineering resulted in a tie, as both resolution plans received an equal number of votes from lenders, said people aware of the development. Resolution plans given by Naveen Jindal-promoted Nalwa Steel and Power and Kolkata-based Shrachi Group-promoted BTL EPC received 90.16% voting resulting in a tie-breaker situation on Wednesday when the voting deadline ended for the company undergoing insolvency proceedings. As per the Insolvency and Bankruptcy Board of India (IBBI) the resolution professional is mandated to invite lenders to vote on all eligible plans.

Mumbai: The Securities Appellate Tribunal (SAT) on Thursday modified its previous order that directed the Securities and Exchange Board of India (Sebi) to appoint another whole-time member (WTM) to pass a final order in the Punit Goenka matter. A bench led by Justice Tarun Agarwala, said, “Considering the (Delegation of Powers, 2019) issued by Sebi we modify the directions of 10 July.

Real estate developer Wave Group's said that will invest Rs 10 crore in Artificial Intelligence (AI) technology for its Wave City project in-Delhi NCR. The company aims to make these investments in the next three years.

Flood Watch is in effect for several counties in South Florida, including Miami-Dade, coastal, and metro Broward, and coastal and metro Palm Beach. The watch is expected to continue through Thursday evening due to the potential for flash flooding caused by heavy and intense downpours across the region. The heavy rainfall could lead to localized flash flooding and the accumulation of water in low-lying areas. In addition to the flood risk, there is a moderate danger of rip currents along Atlantic beaches. While there is no organized threat for flash flooding, the development of showers and thunderstorms during the peak heating hours of the day in South Florida may result in heavy downpours. Motorists are urged to exercise caution and drive safely as flooding has already been reported in some areas. The authorities are closely monitoring the situation and advising residents to stay informed about weather updates and take necessary precautions to ensure their safety. The combination of heavy rains and the potential for flash flooding underscores the importance of being prepared and vigilant during this weather event. Residents in the affected areas should be cautious when traveling and avoid driving through flooded roads. It is essential to stay informed about the changing weather conditions and follow any guidance or warnings issued by local authorities to mitigate the risks associated with the ongoing flood watch.

₹25,900 crore. According to a research by Mint based on regulatory filings of 300 companies, in April-June, LIC sold shares in at least 87 leading Indian companies worth ₹25,900 crore—the highest ever for LIC in the first quarter of a financial year.

For in the true nature of things, if we rightly consider, every green tree is far more glorious than if it were made of gold and silver," said Martin Luther King Jr. Being in harmony with the environment and the importance of an ecological balance are ingrained in our culture and traditions. Our ancient scriptures propagate the importance of ‘ahimsa’ towards all living beings, highlighting how conservation of biodiversity is essential for a healthy and sustainable world.

chronic hepatitis C! Often termed a silent killer, hepatitis C is an acute inflammation of the liver caused by this virus. If left untreated, hepatitis C can cause severe liver damage. In extreme cases, the virus can also lead to liver cancer. July 28 is reserved to promote awareness of this insidious and deadly virus.

The forced retirement of PwC Australia partner Richard Gregg hinges on what Justice David Hammerschlag thinks “reasons” means.

Seasoned infrastructure banker Tim Foy is set to join JPMorgan’s Sydney offices, after his employer Credit Suisse’s forced marriage with UBS.

New Delhi: The Indian government and the Asian Development Bank (ADB) on Thursday signed an agreement for a $295-million loan to upgrade around 265 km of state highways with climate and disaster resilient design and road safety elements in Bihar, the ministry of finance said. The signatories to the agreement for enhancing connectivity and sustainability in Bihar Roads Project were Vumlunmang Vualnam, additional secretary, department of economic affairs, who signed on behalf of the Indian government, and Takeo Konishi, country director for ADB in India, who signed for ADB.

Ninety-six per cent of students in the age group of 14-17 years who took part in a survey do not know that vapes and similar electronic devices are banned in India, while 89 per cent of them are unaware of their harmful effects, according to a study. The survey findings come amid the Union Health Ministry sending notices to 15 websites selling e-cigarettes, which are banned in India, directing them to stop advertisement and sale of the products.

Author's Publications