Aware Financial News

NEW DELHI : The multi-billion-dollar direct selling industry has now come in the crosshairs of the central government, with the department of consumer affairs (DoCA) planning to scrutinize their regulatory compliances and prepare a list of rule violators, three people aware of the matter said. Several measures are also being put in place to increase vigilance against violation of direct selling rules and other unscrupulous practices by the fast-growing industry, the people added.

Modi 3.0 governance plan, beginning with the first 100 days agenda, is expected to include 50 to 70 important goals and recommendations to establish the tone and intent of the new government. These will be arranged in order of significance and priority. While the list now stands at 75-80 goals and proposals, the intention is to reduce it to 50, sources in the know said. With the Lok Sabha 2024 result less than a month away, the government is in the final stages of drafting a new governing agenda for the next term. This will contain the first 100 days of planning, as well as midterm and long-term goals.

BJP is confident of securing its government in Haryana, even as JJP and Congress has sought the governor's intervention for a floor test of the Nayab Saini-led government. BJP is confident of support from several JJP MLAs. Former BJP ally, Dushyant Chautala, has written to the governor demanding a floor test in the state assembly. In his letter, Chautala said that the recent resignations and withdrawals of support have left the ruling BJP alliance teetering on the brink of a minority status. Till a few months ago, he was deputy chief minister in the BJP-JJP alliance government in Haryana. Similarly, Congress leader Bhupender Hooda also said he has sought time from the governor and would demand that an assembly session be called so that the Saini government would prove its majority on the floor of the House.

youngsters gathered at the historic clock tower in Lal Chowk of Srinagar on Thursday to showcase their talent in fields of sports, arts, drama and music as part of the special voter awareness programme for Lok Sabha elections scheduled to be held here on May 13. The program organised by the District Election Officer Srinagar showcased students participating in sports like martial arts, table tennis, chess and carrom, which attracted a good audience. A group of artists displayed some beautiful paintings on canvas, mainly concerning the voter awareness among masses.

The Capital markets regulator Securities and Exchange Board of India (Sebi) has recently issued a master circular for all registered registrars to an issue and share transfer agents (RTAs).

T20 World Cup will spread much-needed cricket awareness in the USA but eventually, it is the lure of competing in the 2028 Los Angeles Olympics that will attract local Americans to the game that is mainly played by expats, feels USA Cricket chairman Venu Pisike. USA is co-hosting the event alongside West Indies and the US team will also be making its World Cup debut when it faces neighbours Canada in the tournament-opener on June 1. The team is mainly made up of semi-professional cricketers of South Asian heritage with former New Zealand star Corey Anderson also switching allegiance to his adopted homeland of USA. Former Indian first-class cricketer Milind Kumar and former India U-19 player Harmeet Singh are also part of the squad. Speaking to PTI, Pisike agreed it is a major challenge to take cricket to the masses in USA.

EQT Partners, the global private equity fund, is all set to list its healthcare Business Process Management (BPM) portfolio Sagility LLC, formerly Hinduja Global Solutions Healthcare LLC, in Indian bourses, said multiple people aware of the development. EQT has hired investment bankers — ICICI Securities, IIFL, JP Morgan and Jefferies. This proposed IPO is likely to value Sagility at about $3 billion (Rs25,000 crore ) and EQT may raise about $400-500 million (Rs4000 cr), said sources.

Indian students in American universities 'scared to travel alone', stay 'situationally aware' after 2 deaths in a week In a letter to Union Minister G. Kishan Reddy, Sadanandam appealed for assistance in locating his missing son. Kishan Reddy, the Minister for Culture, Tourism, and Development of the North Eastern Region, Government of India, wrote to the Ministry of External Affairs on May 8, requesting that the Consulate General of India (CGI) in Chicago aid in tracing Rupesh, who has been missing “@DrSJaishankar, @kishanreddybjp, Sir please speak to concern Chicago police Department about the missing of Rupesh Chandra Chintakindi.

to below $4 billion in the last six to eight months, two people aware of the matter said. The spending from the account covered payments for Indian imports, purchase of securities, and other acquisitions, including defense equipment and armaments, the persons said said. "It is difficult to say the exact amount in the Vostro accounts since some transactions are very complex.

Uber is strengthening its hyperlocal deliveries from neighbourhood stores, people aware of the matter said, amid a growing demand for quick commerce in India. The company has launched this service in nine Indian cities through two-wheelers and the customer orders are picked up from local stores.

CarTrade Tech acquired OLX India operations last year. With the addition of OLX, CarTrade Tech’s user base has grown exponentially to more than 70 million active users, according to Amit Kumar, Managing Director and CEO of OLX India. In an email interview with LiveMint, Kumar said that out of CarTrade Tech’s 70 million active users, OLX as a platform contributes more than 35 million unique users.

non-bank finance companies (NBFC) to strictly adhere to a cap of 20,000 rupees ($240) in cash loans, according to a letter seen by Reuters and two people aware of the development, in a bid to deter cash transactions. «Please refer to provisions of Section 269SS of Income Tax Act, 1961, which stipulates that no individual can receive more than 20,000 rupees as loan amount in cash,» the letter showed. «Consequently, no NBFC should disburse loan amount in excess of 20,000 rupees in cash.»

₹7,500 crore to PMJAY this year. Officials from NITI Aayog, health ministry, and private hospitals who held a review meeting of the scheme on 1 May raised concern over the inadequate release of funds by states for the insurance scheme, persons aware of the matter said. “The problem of untimely payments to the hospitals arose when some states like Telangana, and Andhra Pradesh merged their state health scheme into the PMJAY," said Girdhar Gyani, director general, Association of Healthcare Providers of India (AHPI).

Top Events on May 8: Prime Minister Narendra Modi will address an election rally in Andhra Pradesh on May 8. Besides this, Tata Power, L&T and other companies will announce their Q4 results today. The Supreme Court of India will also hear petitions on Uttarakhand forest fire incidents.

Earth observation data can generate over USD 3 trillion in economic benefits globally and help eliminate two gigatonnes of greenhouse gas emissions annually by 2030, according to a new report by the World Economic Forum. Earth observation data refers to the collection, analysis, and presentation of information about the Earth's physical, chemical, and biological systems using remote sensing technologies.

New Delhi, The Supreme Court on Tuesday took note of concerns over the safety of the 150-year-old Bombay High Court building and the need for additional space, and directed the Maharashtra government to «forthwith» conduct a safety audit of the heritage structure. A special bench of Chief Justice D Y Chandrachud and Justices B R Gavai and J B Pardiwala also asked the government to expedite drawings of the site earmarked for constructing new high court building in Mumbai.

chronic condition affecting millions in India, demands increased awareness and effective management to dispel misconceptions surrounding it. With approximately 34.3 million asthmatics in India, constituting 12.9% of the global asthma population, it's alarming that nearly 90% of these individuals lack proper medication. Understanding that asthma can become chronic, it's crucial to recognize its early symptoms, which can manifest at any age, even as early as five years old. Early intervention is essential as poorly managed childhood asthma can lead to significant challenges in adulthood.

Securing a personal loan with a poor credit history may necessitate additional measures, but it remains achievable. A poor credit score can pose challenges, but there are strategies to enhance your approval prospects. Here are several steps you can consider:

Microsoft Corporation recently acquired 48 acres of land in Hyderabad for a deal valued at approximately Rs 267 crore. The property was purchased from the land aggregator, Sai Balaji Developers, located in Ranga Reddy district, as per the document shared by Propstack, a data analytics firm. «Microsoft has big plans to expand its data centre business and will be developing one of the biggest data centres in the region. The property is located about forty kilometres from the main city of Hyderabad, and the company paid a premium on the land,» said a person aware of the deal.

Mint found out about two fintechs—ANQ Finance and GoSats.io— that offer digital gold and bitcoin as rewards for any spending done via their prepaid cards. Both the fintechs suggested that traditional card cashbacks are in the form of reward points which need to be accumulated for benefits that , however, depreciate over time. And it happens frequently whenever card issuers go in for devaluations of their popular cards, as in the case of Axis Magnus or HDFC Infinia.

Sangli Lok Sabha constituency, a Congress bastion until BJP wrested it 10 years ago, has gathered more attention due to a friction between alliance partners Shiv Sena (UBT) and Congress than the electoral battle. UBT unilaterally decided to field Chandrahar Patil for the seat without even discussing it with Congress, and an upset Vishal Patil, grandson of former Maharashtra chief minister Vasant Dada Patil, is contesting the poll as an independent. BJP leaders hope that this infighting in the Opposition camp, along with the Modi factor, will help its sitting MP Sanjay Kaka Patil eke out a win in spite of a strong anti-incumbency sentiment over lack of development and infrastructure in the region. Congress held its sway in Sangli for more than five decades, winning the seat from 1962 to 2009, until BJP's Sanjay Patil won it in 2014.