Aware Financial News

MUMBAI:India’s largest IT firm Tata Consultancy Services (TCS) faced questions related to the rise in harassment cases and the difference in median salaries of men and women empl-oyees. Chairman of Tata Sons, Natarajan Chandrasekaran concurred that while TCS, with more than 600,000 employees, has zero tolerance towards harassment, the uptick in cases could be due to more employees expressing themselves.He also denied any conscious disparity in salaries based on gender.“...we are operating in such a global environment.

iOS 18 update. Here is all you need to know.Reportedly, the cornerstone of Apple's AI initiative lies in enhancing Siri's cognitive abilities, transcending the limitations of its current responses and interactions.

Delhi airport operator DIAL on Friday said its wildlife hazard management team is taking various mitigating measures to limit bird strikes in the airfield. The Delhi International Airport Ltd (DIAL), a consortium led by the GMR Group, also conducted an awareness campaign this week in the Rangpuri Pahari area near the airport to educate the local community about the dangers of wildlife strikes, particularly bird strikes. Rangpuri Pahari, located on the approach path of runway 29L/11R, was organised to address the increasing incidents of bird strikes observed in this area, especially during the monsoon season, according to a release. DIAL also said its dedicated Wildlife Hazard Management (WHM) team is actively engaged in various mitigation measures to limit bird strikes within the airfield.

heatwave situation, Uttar Pradesh Chief Minister Yogi Adityanath on Friday issued necessary guidelines for administration in the state. For the last few days, the outbreak of severe heat waves has been seen in the state. The temperature is rising. In such a situation, strong arrangements should be made at every level for the safety of common people and livestock, wildlife, the Chief Minister instructed. Daily bulletin of weather forecast should be issued from the level of Relief Commissioner Office. The season of intense heat/heat waves is going on. In such a situation, be it a village or city, there should not be unnecessary power cuts anywhere. If needed, make arrangements to buy additional electricity. Problems like burning of transformer/falling of wire, tripping should be resolved without delay. Officers should attend to the phone, and there should not be any dispute, if such happens then the senior officer should immediately reach the spot himself, the CM instructed.

payments major Stripe has moved to an ‘invite only’ mode in India, meaning merchants will not be able to join the payment aggregator by themselves. They will need to request for an invite from Stripe’s India team and wait for approval. In a post published on its website, Stripe said it will only be able to support more Indian merchants by the second half of 2025. The company did not provide any explanation for the same.

social media trend, a new movement, 'All eyes on Congo,' is gaining momentum online. This campaign aims to highlight the severe humanitarian crisis and ongoing violence in the Democratic Republic of the Congo (DRC). Social media users are sharing compelling videos and photos to raise awareness about the dire situation in this conflict-ridden Central African country.

water crisis in the National Capital, Delhi Water Minister Atishi on Friday wrote a letter to Union Minister of Jal Shakti Gajendra Shekhawat seeking his urgent intervention in the matter. In her letter, Atishi said, «As you are aware, Delhi is heavily dependent on water from the Yamuna River to meet its day-to-day demand for water. However, in the last few days, there has been a drastic dip in the water levels at the Wazirabad Barrage as Haryana is not releasing the required amount of water in the Yamuna River. This has resulted in a massive crisis of water in the national capital. Moreover, the temperature in Delhi has touched almost 50 degrees. This has further intensified the demand for water putting an additional burden on the already strained demand-supply chain of potable drinking water in Delhi.» She also mentioned that if Haryana does not release adequate water, then plants in Delhi will not be able to function optimally.

New Delhi: Max Life Insurance Company Limited (Max Life) 's flagship study, the India Protection Quotient Survey (IPQ), in partnership with KANTAR, has revealed insights into the financial preparedness of the LGBTQIA+ community in India from the perspective of life insurance. 

venture funds, investment firms backed by veteran corporate leaders as well as several startup founders are among those vying to buy stakes in a slew of new consumer brands that are challenging the dominance of incumbents. Flipkart-backer Accel is in advanced discussions to invest in new-age luggage brand Uppercase valuing it at around $50-60 million, sources aware said. In February, Peak XV Partners invested in premium luggage maker Mokobara, while another investment firm Lighthouse picked a stake in Safari Industries in March. Separately, early-stage home and kitchen products brand Solara has raised capital from Livspace cofounder Ramakant Sharma and others, amid a flurry of deals across segments from luggage to beauty, wellness, pet care, jewellery, food and beverages.

ALSO READ: Personal Loan Minimum Credit Score: What is the requirement? MintGenie answersChoosing the right financing option is not difficult provided veterans take care of the following details.The details of the loan, including the interest rate (fixed or variable), the monthly payment amount and deadlines, and any associated costs, are outlined in the fine print. Comprehending these attributes enables you to effectively manage your finances and prevent unanticipated expenses.Lenders often tuck extra fees or charges into the fine print.

Reliance Industries’ retail arm, Reliance Retail will not compete with Blinkit and Zepto with a 10-minute delivery model for its proposed re-entry into quick commerce venture next month. Instead the country’s largest retailer is planning a 30-minute delivery model with a wider assortment than existing quick commerce companies which will be fed by Reliance’s own stores and the almost 20 lakh kiranas who source products from the company, said two executives aware of the plans. The kiranas are part of the JioMart Partner initiative whereby they source products from Reliance Retail’s wholesale arm and have their backend connected. The company will be utilizing tech platforms such as FYND and Locus for the fulfilment process and optimise delivery routes to ensure orders reach within 30 minutes, considering Reliance is not setting up dark stores like other quick commerce operators who have such warehouses in each locality for under-ten-minute delivery, they said.

Obtaining a driver's license: The process to obtain a driver's license will undergo certain changes after June 1, as the Ministry of Road and Transport has given the applicants a choice to take driver's tests in private facilities. The government will certify private driver test-taking facilities. The applicants can take their driver's licence test and submit the successful certificate to the Regional Transport Office (RTO) to obtain a driver's licence.

Tata Sons shares to refinance over $2 billion debt, Tata Trusts has, for the first time, officially said these are non-transferable. The Trusts, which holds a controlling 66% in group holding company Tata Sons, is worried about possible litigation with lenders over enforcing the security in case SP Group defaults. «As is publicly known, Tata Sons' shares are not freely transferable,» said Tata Trusts chief executive Siddharth Sharma in response to ET's emailed queries on the Trusts' legal position on the matter.

Omnichannel jewellery retailer Bluestone is in talks to raise around $100 million in a pre-IPO round at a likely valuation of more than $1 billion, catapulting the startup to the unicorn club, three people aware of the matter said. This would be more than double its previous valuation of around $450 million in September 2023, when the company that sells online as well as through offline stores raised $65 million from a group of investors, including Zomato founder Deepinder Goyal and Zerodha’s Nikhil Kamath.

Novelis Inc, the US-based aluminium products company of the Aditya Birla Group-controlled Hindalco Industries, is set to list on the New York Stock Exchange in around two weeks, people aware of the matter said. Novelis on Tuesday launched a roadshow for its proposed initial public offering (IPO), where Indian parent Hindalco plans to sell 45 million shares, or a 7.5% stake, in the company at $18-21 per share.

Sorin Investments, an early-stage venture firm founded by former KKR India CEO Sanjay Nayar, made the final close of its maiden fund at Rs 1,350 crore, people aware of the matter told ET. The fund counts KKR cofounder Henry Kravis, and Indian family offices such as Hero Group’s Munjal family and Hong Kong-based The Caravel Group’s Banga family among its key sponsors. Sidbi-sponsored Fund of Funds for Startups (FFS) scheme, and a startup fund set up by the Uttar Pradesh state government also took part in the fundraise.

Gentari Sdn Bhd, the renewable energy arm of Malaysian energy giant Petronas, is the frontrunner for a part of the India renewable portfolio of Brookfield Asset Management, said two people aware of the development. Gentari, which has conducted due diligence of the assets, has signed an exclusivity agreement for further negotiations with Brookfield, they said. Government-run Oil and Natural Gas Corp (ONGC) is another contender that has completed due diligence, said people with knowledge of the matter. The 2 GW renewable portfolio of Brookfield in India that’s up for sale has an estimated enterprise value of $800 million-1 billion (Rs 6,600-8,300 crore). Other entities that had submitted initial bids but are no longer in the race include Sekura Energy, Sembcorp and UAE's Masdar Energy, they said. Of the portfolio, 1 GW is operational and projects with a capacity of 1 GW are under construction, expected to be completed within 18 months, said the people cited.

Merrill Lynch is the latest broker-dealer to report a snafu in handling client private data, with the Maine Attorney General’s office last week disclosing that Merrill, as the record keeper for Walmart’s 401(k) plan, revealed private client information to an “unauthorized recipient” having nothing to do with the plan.

National Asset Reconstruction Company (NARCL) has recommended P Santhosh for the post of managing director and chief executive officer of the state-owned bad bank, people aware of the matter said. Santhosh has been interim CEO of NARCL since January, soon after N Sundar abruptly resigned as the CEO ahead of his term.

Nearly half of Americans who plan to go to the polls in November anticipate including cryptocurrencies in their future investment portfolios, according to new survey findings from Grayscale Investments.

Senior living firm Columbia Pacific Communites is being merged with Kites Senior Care. This merger is expected to create one of the largest senior living firms in India. “The merger is under process for the India business of Columbia and is unlikely to impact the existing joint ventures. Columbia Pacific Communities has a net worth of over Rs 25 crore and is likely to be valued in the same,” said multiple people aware of the development. The latter has undergone a leadership change, with Mohit Nirula resigning in July 2023 to join Oberoi Hotels. V Siva Kumar was appointed interim director at Columbia Pacific Communities and is now the CFO.