Aware Financial News

MUMBAI, BENGALURU : Media mogul Subhash Chandra is in talks with JC Flowers Asset Reconstruction Co. (ARC) to buy back his family’s shares in Dish TV India Ltd, marking another twist in the two-year-old battle between the minority investor and the promoter for control of India’s third-largest satellite TV operator. Chandra, 72, has also put forward a proposal to buy other assets, including shares in the educational company Zee Learn Ltd and three properties, including a bungalow built over 2.8 acres in central Delhi.

Chess,the ultimate game of strategy and the game of royalty, is one of the most popular games in the world. According to the United Nations, 70% of the adult population in the US, the UK, Germany, Russia, and India has played chess at some point in their lives and about 605 million people play chess regularly. The game is so complex that on one hand, it is said mathematically there are more possible moves of chess than atoms in the observable universe and on the other, it is still possible to checkmate your opponent in just two moves.

₹5,000 crore initial public offer for which it had received the markets regulator’s go ahead in June last year, according to three people familiar with the development. The company which assembles smartphones for Apple and Xiaomi in India has taken the decision owing largely to weak smartphone market conditions and changes in internal strategy, as per two of the three people who spoke to Mint on the condition of anonymity. “The IPO in its current form won’t be taken forward.

The Dharampal Satyapal (DS) Group has completed the acquisition of Viceroy Bangalore Hotels Pvt. Ltd as part of the corporate insolvency resolution process under the Insolvency and Bankruptcy Code, said a lawyer aware of the matter. Viceroy Hotels owns the Marriott-managed Renaissance Bengaluru Race Course Hotel and had a debt of over Rs1,000 crore.

New Delhi: India is considering expanding its solar STAR-C initiative, run by the International Solar Alliance, to a number of Pacific Island countries, according to persons aware of the matter. The programme aims to boost solar power ecosystems in the poorest countries. In the Pacific, it currently runs in Tonga.

Tesla is recalling nearly 16,000 of its 2021-2023 Model S and Model X vehicles because some front-row seat belts may not have been reconnected properly following a repair

First things first for financial advisors with clients who are renting out their second homes: Make sure they get paid for the entire season up front, not month-to-month.

The United Kingdom’s economic and finance ministry – HM Treasury – has strongly denied proposals by the House of Commons’ Treasury Committee to regulate cryptocurrencies like gambling.

Nasa said. The asteroid 2023 NT1 was first spotted on July 15, two days after it made its closest approach to Earth on July 13. In other words, by the time telescopes and scientists were first made aware of the rock’s existence, we were already in its rearview mirror.

India G20 Sherpa Amitabh Kant on Thursday made a strong case for food waste prevention programmes globally to reduce food insecurity and mobilise private funding for research in sustainable agriculture. Kant was addressing the maiden Global Food Regulators Summit 2023 here. «This is the first time a meeting of this nature is being held during India's G20 presidency.

The committee in May called into question Government plans to regulate consumer crypto trading as a financial service, arguing that this will create a ‘halo’ effect, leading consumers to believe this activity is safe and protected, when it is not. In presenting its conclusions, comittee chair Harriett Baldwin said the events of 2022 had highlighted the risks posed to consumers by the cryptoasset industry, "large parts of which remain a wild west".

Kuwait’s supervisory authorities – the Central Bank of Kuwait, the Capital Markets Authority, the Ministry of Commerce and Industry and the Insurance Regulatory Unit – have jointly issued circulars banning the use and recognition of virtual assets in the Arab nation.

Puravankara Limited, one of the leading real estate developers, has achieved the fifth position in the national brand leadership category of Track2Realty’s Brand X Report 2022-23. The company inched up two positions from its previous ranking of seventh.

Somanath S said on Thursday. He said preparations are underway for the Aditya-L1 mission to study the Sun, adding that discussions are on to create a satellite to study extrasolar planets (exoplanets) as well. «We are also discussing missions to the Moon further for landing,» the ISRO chief, who is also the Secretary of the Department of Space, said in his inaugural address to the Space Science Technology & AwaReness Training (START) programme 2023, being held virtually. ISRO launched the Chandrayaan-3 mission to the Moon on July 14. «I am sure that you will find something very substantial through this (Chandrayaan-3) mission as far as science is concerned,» he said. «We are also preparing for the mission to understand and study the Sun through this Aditya-L1 mission, and the X-ray polarimeter satellite is almost ready and we are hoping for its launch to understand stars better,» Somanath said.

layoffs impacting executives across divisions, people in the know told ET. The Reliance Retail-backed startup has been in the news over salary delays and for seeking fresh funding. The new round of job cuts was expected as it plans to cut costs significantly.

Thakur on Thursday claimed that the opposition was «running away from a discussion» in Parliament on the Manipur situation, accusing them of using incidents of crime against women to further political gains. Speaking to reporters outside Parliament, he said the government was ready for a debate on the Manipur situation in the House during which similar incidents of crime against women in other states such as Rajasthan should also be discussed.

Dunzo is set to undertake another round of layoffs amid a fund crunch, cofounder and CTO Mukund Jha told employees in an all-hands meeting on Wednesday evening. Thelayoffs are part of the firm’s decision to reduce costs by 30-40%, as ET had reported on Wednesday. Chief executive Kabeer Biswas was in Mumbai on Wednesdaymeeting existing investors to secure fresh funds.

Xi Jinping met with veteran U.S. diplomat Henry Kissinger in Beijing, state media reported on Thursday.

Scroll. Then as obeyed them to “protect herself", the men allegedly slapped and punched her.  The woman from the Kuki community said assault took place near her village, B Phainom, in Kangpokpi district on May 4, a day after clashes erupted between the two ethnic groups.  Speaking on the horrific incident, the survivor said after hearing about Meitei mobs "burning homes" in a nearby village, her family and others fled through a dirt lane but were discovered.

Sahamati, a non-profit that promotes the account aggregator (AA) system, is working on a framework for fair use of AA consent. This is to ensure that financial information of users is used only for the stated purpose. The AA framework gives users control over their financial data and lets them share it in a machine-readable format with parties interested in providing services.

Digital Competition Law will likely recommend “dos and don’ts” for systemically important digital intermediaries to check big tech’s ability to distort fair trade, a person aware of the panel’s deliberations, said. The panel, chaired by corporate affairs secretary Manoj Govil, is likely to define systemically important digital intermediaries based on a set of criteria including the nature of business, turnover, and user base, both global and local, the person told ET.