Aware Financial News

Adani Group led by billionaire Gautam Adani will continue to pare holdings in group companies in the coming months to create a liquidity buffer that can be deployed to tap new opportunities and infuse equity in various units, said people aware of the matter. The promoters have so far sold stakes to US-based GQG Partners and are in discussions with other global investors to potentially divest more, they said.

PSPCL) has offered ₹1,080 crore to lenders to acquire GVK Power (Goindwal Sahib) that is undergoing corporate insolvency resolution, said people aware of the development. The offer from the state power distribution company equates to a 16% recovery of the claims filed by lenders with the resolution professional (RP). Ravi Sethia, the RP backed by KPMG, did not respond to ET's request for comments.

DigiLocker. So could be Employees’ Provident Fund Organisation statements and Mahatma Gandhi National Rural Employment Guarantee Act job cards, as the government’s online document repository is up for a major expansion. “Documents of income tax returns, EPFO statements, and MGNREGA job cards will soon be available on DigiLocker… Making passports and voter IDs available is also a work in progress,” a government official told ET.

Shiv Sena's and BJP's Hindutva agenda by stating that Sena's Hindutva was all encompassing but BJP's was «communal» and «poisonous». «We are being accused of going with Shiv Sena and that there is no difference between BJP and Shiv Sena. Sena's Hindutva is all encompassing, it takes everyone along while BJP's Hindutva is poisonous, they are Manuwadi and are a threat to the nation.

Deendayal Port in Gujarat all set to develop hydrogen hubs. The shipping ministry has asked these two ports to also buy hydrogen powered ‘green tug’ boats, used for ushering large ships into berths, said officials aware of the development. The Cochin Shipyard is in advanced stages of developing green tugs that run on hydrogen, they said. “Under the green tug transition programme, the Jawaharlal Nehru Port, Paradip Port, VOC Port and the Deendayal Port will be buying two green tugs each. In addition, hydrogen hubs will be set up at VOC and Deendayal ports to catalyse the transition towards green fuel,” a senior official aware of the development told ET. In addition, the Centre is aiming to have two Indian ships that are powered by green hydrogen or its derivative fuels by 2027. This will be followed by the addition of at least two ships powered by green fuels every year, said officials. These plans are in line with India’s goals to decarbonise its ports under the Harit Sagar Green Port Guidelines 2023.

Ganesha says your balanced and positive attitude will help you to maintain proper harmony in any good or bad situation. Time is favourable to initiate plans related to relocation. Keep an eye on the activities of your competitors at this time.

MUMBAI : Anxious shareholders grilled the founders and the management of edtech giant Byju’s at an emergency meeting on Tuesday, seeking explanations about funds utilization, with some even demanding that founder Byju Raveendran step aside to make room for an interim chief executive officer (CEO). According to four people aware of the development, shareholders of the online tutor pressed its leadership for pro-forma financials at the extraordinary general meeting (EGM) following the exit of its long-time auditor and three external directors amid delay in financials and lawsuits in the US.

NEW DELHI : Exports by Indian sellers to Amazon marketplaces the world over are on track to surpass $8 billion in 2023, said a top executive at the company. The business update comes over a year after the global e-commerce marketplace had doubled targets to achieve $20 billion in cumulative e-commerce exports from India by 2025. The update is part of Amazon Global Selling, the retailer’s e-commerce exports program, that has grown to more than 1.25 lakh Indian exporters since its launch in 2015.

Fiona Phillips, the renowned journalist, and broadcaster, has announced that she was diagnosed with Alzheimer's disease at the age of 62. Phillips discovered her condition a year ago after experiencing months of brain fog and anxiety, as reported by the Daily Mirror. The disease has had a devastating impact on her family, with her mother, father, and uncle also succumbing to dementia.

People observe International Bikini Day to celebrate body positivity and comfort. They observe this day by wearing a bikini to a beach or a swimming pool. Those who don’t have it, buy it this day. People also use social media platforms to spread awareness and use #NationalBikiniDay and #BikiniDay. Initially, Bikini was not accepted and it was frowned upon due to its revealing design. It was considered obscene to wear this dress. No regular model agreed to wear it. So fashion designer Louis Reard hired nude dancer Micheline Bernardini to model it. Germany and France banned it. But later it became popular when film actresses like Brigit Bardot, Raquel Welsh, and Ursula Andress wore it in movies. It became popular in the fashion world of the West and women used it as a swimsuit as well as an undergarment. The name has been derived from the Bikini Atoll, the island, on which the first public test of a nuclear bomb was carried out just four days ago.

Higher premiums and lack of urgency along with high complexity are the prime reason for many Indians not buying health insurance, find a survey on the trend among insurance buyers in India. Lack of affordability, higher premiums, difficulty in understanding health insurance clauses, and insufficient funds, emerged as the main obstruction for people who are willing to buy health insurance, according to the policybazaar.com's report, titled ‘How India buys Insurance’. As per the survey, 43 per cent of all the respondents who didn't take any health insurance cited high premiums as the main reason for not doing so.

As far as property in general is concerned, nomination facility is not available. “The transfer of immovable property is governed by the Transfer of Property Act, 1882, and the registration of properties is governed by the Registration Act, 1908. On completion of registration of immovable property, the transferee becomes the legal owner of the property.

brick-and-mortar schools and following a standard curriculum, the traditional approach to education has been widely adhering across society. However, in recent years, a new strategy for providing kids with futuristic education is being adopted gradually by the Indian educational system. There has been a growing understanding that not all students may benefit from the traditional approach.

The West Australian government should consider dismantling its onshore gas export ban, which is stifling investment in new LNG projects even as demand rises, Strike Energy boss Stuart Nicholls says.

Bengaluru/Mumbai: About eighty minutes into the virtual annual general meeting of Tata Consultancy Services Ltd (TCS) on Friday, Hyderabad resident and company shareholder Praful Chavda asked the question everyone tuning in had been anticipating. “Sir," Chavda started, speaking in Hindi, addressing TCS chairman Natarajan Chandrasekaran, who is also the chairman of parent Tata Sons, one of India’s largest and best-regarded business houses. “There was this news in the media where it was mentioned something was wrong with the recruitment process." Chavda was referring to the bribes-for- jobs scam at TCS, which was first reported by this paper on 23 June.

MUMBAI : The Indian Banks’ Association (IBA) is working on a proposal to establish a common customer care centre to serve all its 12 public sector bank (PSB) members, aiming to save on costs and offer a consistent customer experience, two people aware of the development said. The idea is to provide a single helpline number that customers across banks can dial for queries and complaints. According to the proposed plan, an interactive voice response (IVR) system would greet customers and address initial queries, with calls transferred to respective bank call centres to address complex issues that require human intervention, the people said on condition of anonymity.

Ganesha says today will be a good day with family. Today, with your hard work and intelligence, you can achieve everything you wish for. You may also get a chance to go to a convention or function.

MUMBAI : Canada’s Brookfield Asset Management, one of the world’s largest renewable and infrastructure investors, has been investing aggressively in the Indian market, boosting its energy assets in the country fourfold to 16,000MW in just a year. In an interview, Nawal Saini, managing director of Brookfield’s Renewable Power and Transition Group, spoke about investments, opportunities in the country and the importance of India in its global expansion plans. Edited excerpts: We have been growing very consistently in the last four or five years.

private equity firm Apax Partners, Shashank Singh, partner in the firm’s and its head of India office, has decided to leave the PE firm, sources aware of the development told ET. Singh will be moving permanently to London, the sources added.

Fireworks-related damage may be covered by your renters or homeowners insurance policy — but not always.

New Delhi: A majority of India’s Gen Z consumers aspire to become home owners, own a vehicle and realize the importance of savings to reach their goals, according to findings of a study by research firm Mintel. Mintel’s research suggests that 77% of Gen Z consumers—those between 18 to 26 years of age—aspire to become homeowners, 59% dream of buying a car and 55% expressed their desire to travel abroad. Over a third save from their pocket money and rely on parental support for spending.