Aware Financial News

Subscribe to enjoy similar stories. Adani Data Networks, a subsidiary of Adani Enterprises, which bought 5G spectrum in the 26 GHz band in the 2022 auctions, is mulling surrendering the airwaves after more than two years of not putting them to use, said four people aware of the development. The company has not formally communicated its intent to surrender the airwaves but neither has it shared details of whether or how it intends to use the airwaves, according to two senior government officials.

TRAI issued directives on 13th August 2024 mandating stringent actions against violators. Penalties include disconnection of telecom resources, blacklisting for up to two years, and bans on new resource allocations during this period.As per the regulatory body, these measures have shown promising results, with complaints about spam calls reducing steadily.

Subscribe to enjoy similar stories. The Akshaya Patra Foundation plans to take its acclaimed midday meal scheme to Indonesia and Kenya, said two people aware of the development, as India seeks to use its soft power to deepen ties and trade. Indonesia, Southeast Asia’s largest economy, is launching a free meal programme for schoolchildren.

Subscribe to enjoy similar stories. The past few weeks have been tough for the Indian markets. While a 10% fall in indices isn’t unusual, the frequency of such falls has fallen significantly since the pandemic and as a result, new investors are learning lessons that old timers have known for years.

Subscribe to enjoy similar stories. Mumbai: India’s top lenders are falling over each other to finance a ₹39,000 crore refinery being set up by Chennai Petroleum Corp. and Indian Oil Corp.

Estate planning is one of those tasks that makes almost any other job look appealing, no matter how lowly

Subscribe to enjoy similar stories. This year’s United Nations Climate Change Conference (CoP-29) in Baku is taking place against a tumultuous geopolitical backdrop. In addition to shifting strategic alliances, trade tensions and violent conflict, the ‘year of elections’ has ushered in a period of heated political rhetoric and led to changes of government.

Subscribe to enjoy similar stories. Market corrections are an inevitable part of the investing journey, but they don’t have to derail long-term financial goals. While it’s natural to feel anxious when stock prices are falling, savvy investors know that these times present opportunities for growth, learning, and strategic decision-making.

Jan Martin always thought she was “careful enough” in handling potential scammers. The project manager in her mid-30s frequently changed her passwords and rarely picked up calls from unknown numbers. But her confidence levels took a hit last summer when she lost $3,000 to fraudsters in the space of just a few minutes.

A federal judge in Delaware has dismissed a lawsuit filed by former Arkansas Gov. Mike Huckabee against social media giant Meta over advertisements using his name and image to sell CBD products

Tata Electronics is signing a deal to own a majority stake in Taiwanese contract manufacturer Pegatron's plant in Tamil Nadu, people familiar with the development said, underlining its move to increase its capacity of assembling iPhones. The deal is likely to lead Tata Electronics having a 60% stake with Pegatron holding the balance in the JV to run the iPhone production facility. Industry executives said the Tata Group company could pay $150-200 million for the stake. The people said, with the joint capacities of both the Wistron and the Pegatron facilities, along with the expansion Tata is undertaking at its Hosur facility, the company's capacity may increase to be at par or almost at par with that of Taiwan's Foxconn, which currently makes the most number of iPhones in India.

Subscribe to enjoy similar stories. New Delhi: The debate on laboratory-grown meat, dairy, and egg products may soon be settled, with the issue reaching India’s apex food regulator, three people aware of the development said. The development comes in the backdrop of concerns about public health, food security and ecological sustainability.

Subscribe to enjoy similar stories. With its near-universal penetration, Colgate-Palmolive India is synonymous with oral care in India. However, the company is not resting on its laurels.

Piramal Enterprises Ltd and Bain Capital Credit surrendered the licence for their asset reconstruction company (ARC), India Resurgence Asset Reconstruction Company, to the Reserve Bank of India, a development that shows growing challenges in the distressed assets market, said people aware of the development. Launched in 2018, the fund had invested in stressed assets using a mix of debt and equity. Regulatory hurdles, including restrictions on equity sales and difficulties in providing exits to equity investors, have now made the business of ARCs less attractive.

Subscribe to enjoy similar stories. New Delhi: India has adopted the global standard for CubeSat—a class of small satellites—as part of the Union government’s efforts to expand the country’s share in the global space economy, two people aware of the development said.

financial literacy awareness among the tribal population, the Reserve Bank of India (RBI), Odisha office has prepared five specific booklets in Santali (Ol Chik) language, an official said. Odisha Chief Minister Mohan Charan Majhi released the booklets at Bali Jatra in Cuttack on Friday. The booklets were prepared to commemorate 90 years of RBI's operation in the country, the official said, adding that the central bank had also recently organised a series of events like quiz competition among students. «Continuing with the efforts towards financial education, the RBI, Bhubaneswar has taken the initiative of translating and printing the five useful target specific booklets in Santali (Ol Chiki script) language for distribution among the people of Santali speaking community,» a senior official said.

WestBridge Capital is joining forces with Neelesh Garg, outgoing managing director and CEO of Tata AIG General Insurance, to launch a new general insurance joint venture with a focus on AI-powered, digital-first services, two people aware of the development said. This will mark the Bengaluru-based private equity firm’s second investment into the insurance sector following its successful part-exit from Star Health Insurance through its IPO in 2021. WestBridge, which manages over $8 billion in investments in India, will hold a majority stake in the proposed venture, with Garg taking a 10% ownership position, people cited above said.

Swiggy listed on the bourses earlier this week, two of its delivery partners—Jigar Khan and Namrata Vora—joined cofounders Sriharsha Majety and Nandan Reddy in ringing the ceremonial bell at the National Stock Exchange (NSE). The symbolic gesture was aimed at celebrating the hard work of its delivery partners, the Bengaluru-based food delivery firm said in a statement. Other companies, too, are recognising the contribution of delivery partners and are rolling out a slew of initiatives to help them with upskilling and further education, and achieving an overall better quality of life, according to industry executives. Zomato, Zepto, Delhivery, bigbasket and Blue Dart Express are among those that are offering reimbursement for education-related expenses, soft skills training in communication and other basic competencies, financial literacy programmes and career progression initiatives. Zomato has collaborated with the Hospitality Training Institute of India, and 5,200 delivery partners across 10 cities have been trained in hospitality and service excellence. “This training equips them with essential skills in customer interaction, professionalism and service, enhancing the experience for both customers and delivery partners,” said Rakesh Ranjan, CEO of food delivery at Zomato. This year, Swiggy launched Swiggy Skills in collaboration with the Ministry of Skill Development and Entrepreneurship.

A federal judge said Kraft Heinz KHC.O must face a proposed nationwide class action alleging that it defrauded consumers by claiming its Kraft macaroni and cheese, one of its best-known products, contains no artificial preservatives.

The president of a Kentucky plant that exploded earlier this week says the company is accountable and will pay damages to neighbors affected by the blast

About 222,000 adult bed assistance rails are under recall due to entrapment and asphyxia hazards, following one death in a residential care facility