Aware Financial News

State investigators were on site at a North Carolina amusement park after a crack was discovered on a support beam on one of their popular roller coasters

President Joe Biden has long struggled to neatly summarize his sprawling economic vision

bankers’ struggle for profits in the country. Housing Development Finance Corp.’s all-stock merger into HDFC Bank Ltd., which created one of the most valuable banks in the world, has about 18 advisers who got credit for a fee pool of just over $1 million, according to people familiar with the matter. Morgan Stanley and Bank of America Corp.

This article is part of our Summer reads series. Visit the full collection for book lists, guest essays and more seasonal distractions. As war rages again in eastern Europe, Germans are reminded of the ravages of the world wars and the horrors of the Nazi and communist regimes that governed their country.

₹632; on the NSE, the indicative starting price was ₹625. The stock reached ₹664 at 10 a.m. According to the Moneycontrol report, market participants said that this error has likely caused a notional loss for a number of investors.

prime Day, Amazon India today announced the launch of a new tool called Sale Event Planner, dedicated to help sellers work on the preparation of upcoming and/or ongoing events on Amazon.in. The Sale Event Planner is now available on the Amazon seller app and will help sellers become aware about the events well in advance, ensuring that they have enough time to prepare.

thematic fund, sectoral fund, liquid fund, fixed maturity plan, an index fund, and overnight fund are open for subscription. After a dry spell for a short period, the NFO market is again showing some signs of revival. Should you invest in these NFOs to maximize the returns from your mutual fund portfolio? First, find out why mutual funds launch NFOs. Mutual fund houses typically launch new schemes because they want to complete their bouquet of offerings or to increase their assets under management. Sometimes, funds may have discovered an interesting theme or idea which they think may offer an opportunity to create wealth. An investor need not bother about fund houses completing their offerings or chasing AUMs. If it’s a unique idea, you should take a closer look.

portfolio with total loans of ₹1,800 crore to Kotak Mahindra Bank-backed Phoenix Asset Reconstruction Company (ARC) at an auction last week, said people aware of the development. The portfolio included six real estate accounts sold for ₹1,075 crore, equating to a 60% recovery for L&T Finance, the people said.

ELP), which recently defended the founders of Zee Entertainment against the regulator in an appeals court, to return most of the earlier briefs given to the Mumbai-based law firm to represent Sebi before various judicial forums, three people with direct knowledge of the matter told ET. The Sebi action came after ELP represented Subhash Chandra and Punit Goenka, founder-promoters of Zee Entertainment (ZEE) in the securities appellate tribunal (SAT).

Shah Rukh Khan when it ends in September, people aware of the matter said. “With the edtech platform in serious trouble, Shah Rukh’s team is also hesitant to continue the association with the brand,” one of the people said. Byju’s had signed up the Bollywood actor in 2017 for an annual fee of close to Rs 4 crore, and he has been the edtech platform’s most visible face ever since.

ZestMoney has raised $5-7 million from a clutch of investors, including existing backer Quona Capital, according to two people aware of the matter. The funding comes in the wake of payments major PayU writing off its investment in the company. Last fiscal, PayU’s close to 15% stake in ZestMoney was valued at $38 million.

Incred Financial Services (Incred Finance), a retail focused NBFC set up by former senior Deutsche Bank executive Bhupinder Singh, has hit the fundraising street targeting to raise as much as $125-150 million at a valuation of up to $1.5 billion (approximately ₹12,000 crore), said two sources aware of the development. Incred is looking at diluting around 10% stake in this round, the sources added. The funds raised will be used to grow the NBFC's loan book.

battery swapping policy — that sought to make charging electric vehicles (EV) as quick as refuelling conventional vehicles — have stalled following opposition from the industry over interoperability standards mooted in the draft scheme, said people in the know. Now, a highly 'watered down' version of the scheme is at a final consideration stage with the Prime Minister's Office, said a source aware of the government's plans. This, after multiple delays in finalising the policy due to lobbying from the EV industry to remove certain clauses around interoperability in the scheme. Finance minister Nirmala Sitharaman had first mentioned a battery swapping scheme in her budget speech in February 2022 and a draft policy was soon released by the Niti Aayog in April that year.

Go First Airlines have agreed to infuse fresh funds to revive the carrier, an order from the Singapore arbitration court expected later this month is crucial for Go First's survival. If the court does not grant Go First relief and direct Pratt & Whitney (P&W) to replace faulty engines, the airline cannot fly, possibly putting the whole recovery process into jeopardy, people familiar with the process said. While the Singapore International Arbitration award had directed P&W to dispatch around 20 engines by December 2023, the engine maker had subsequently challenged it citing payment failure by the airline and the ongoing global supply chain shortage.

Ganesha says today's planetary transit may prove to be beneficial and happy for you. So be focused and pay attention to your work. Don't let laziness get the better of you.

NEW DELHI : Go Airlines (India) Ltd will likely induct CFM engine-fitted Airbus A320 family aircraft when the bankrupt airline resumes flight operations as these have proven to be more reliable for the airline in the past, two people aware of the development said. “The airline is open to evaluating the CFM option, and preliminary discussions have taken place on the matter in view of the current scenario," one of the officials cited above said, requesting anonymity. CFM engines are produced by CFM International, an equal joint venture between France’s Safran Group and General Electric Co.

NEW DELHI : The government plans to introduce legislation during Parliament’s monsoon session to implement comprehensive reforms, including provisions for a composite insurance licence, relaxed entry barriers for companies, and simplified investment rules, in the insurance sector, two people aware of the development said. In the monsoon session starting 20 July, the Centre is expected to introduce two pieces of legislation—the Insurance Laws (Amendment) Bill, 2023, and the Insurance Bill, 2023, the people said on condition of anonymity.

My husband and I both have a ₹10 lakh medical cover provided by our employers. I am pregnant and would like to know the amount that we can claim towards our hospital expenses for the delivery. Can we combine the covers from both the healthcare policies and get cashless facilities for both? —Name withheld on request Typically, group health insurance policies offered by employers carry a sub-limit for maternity delivery claims.

Mint interviewed a few people about their experiences with buying agricultural land. Industry experts also weighed in on the factors to consider before such an investment. What to look out for? Shital Jain, a resident of Itarsi in Madhya Pradesh, is optimistic about investments in agricultural land, citing its higher potential for appreciation in value.

The NFT market has recently witnessed a price decline, causing concern among investors and enthusiasts. Despite not entering a new cycle, several prominent NFTs have experienced significant price declines within the past few days. 

Money has been pouring into taxable accounts at a faster rate than 401(k)s and IRAs, a reversal of a long trend resulting from wealth being increasingly concentrated among older investors.