Aware Financial News

A Delta flight over the weekend was cut short after a panel behind one of the engines fell off the plane

MUMBAI : Automobile portal CarDekho is navigating a new round of funding that is likely to raise its valuation marginally, as it steers towards a public listing over the next 18-24 months, according to three people aware of the development. The company is in talks with investors to raise $100-150 million in a largely secondary round where early investors will clock in full or partial exits, the people said.

Zoomcar is enhancing incentives for its hosts through third-party deals to meet demand-supply challenges and drive growth in the car-sharing marketplace, CEO and cofounder Greg Moran said. “We are leveraging the current profitability that we have at a gross profit level and at a booking contribution level to kind of use that to reinvest into core platform growth in terms of volumes and in terms of awareness, particularly in the host side,” Moran told ET in an interaction.

tax saving instruments is March 31. This is common knowledge but not many are aware that the last date to invest in Equity Linked Savings Instruments (ELSS) is tomorrow i.e., the last date when the markets are open. The financial markets are closed on Friday on account of Good Friday.

₹1 Crore. Prior to this development, the minimum amount had been set at ₹15 Lakhs. This adjustment reflects changing banking dynamics, emphasising newfound flexibility in investment management.

NEW DELHI : Actis Llp’s BluPine Energy, Singapore’s Sembcorp Industries Ltd, Edelweiss Infrastructure Yield Plus Fund’s Sekura Energy, Torrent Power and JSW Group are exploring to buy Brookfield Renewable’s 1.6 gigawatt (GW) portfolio in India, two people aware of the development said. The deal is expected to have an equity value of around $800 million. JP Morgan is running the sale process for the 1.6 GW capacity, of which 1 GW is operational, while the balance 600 MW is under execution.

Indian Premier League (IPL) matches since 2021. According to reports, he had accumulated a staggering debt of over ₹1 crore through his betting activities. In his complaint, Ranjitha's father, Venkatesh, stated, “He (Darshan) was not willing to get into betting, but the suspects forced him saying it was an easy way to get rich.

geotag key telecommunication infrastructure, including telecom towers and optical fibre cables, to facilitate coordination, particularly during disaster situations. The mapping of telecom infrastructure will also facilitate setting up of other developmental projects across the country, officials aware of the development told ET. «We are working to geotag communication infrastructure across the country by 2027,» as per one official. For this, DoT will coordinate with other ministries and state governments so that data can be shared to facilitate setting up of other projects that require telecom infrastructure as the backbone.

import of solar module import called the approved list of module manufacturers (ALMM), beyond March 31, people aware of the development said. The Ministry of New and Renewable Energy, in a meeting with solar project developers and module manufacturers Tuesday, took a stock of the capacity additions and commissioning timelines, one of the persons said, adding that overall view was that a further relaxation is not required as adequate time had been given to the industry. A final call on the issue would be taken shortly after taking into account all considerations, another person said, adding that some concession for commissioning could be given for modules that have reached the site before March end.

Federal prosecutors have charged KuCoin and founders Chnu Gan and Ke Tang with conspiring to operate an unlicensed money transmitting business and conspiring to violate the Bank Secrecy Act by willfully failing to maintain an adequate AML programme.Founded in 2017, KuCoin is one of the world's biggest crypto exchanges, with more than 30 million customers and daily trading volumes in the billions of dollars.Despite soliciting business from US customers and being aware of their AML obligations in the country, Gan, Tang and KuCoin "willfully chose to flout" its requirements, says a newly unsealed indictment.The company did not require customers to provide any identifying information until July 2023 when it finally rolled out a KYC programme after being told about a federal criminal investigation into its activities, say authorities. Even then, the KYC programme only applied to new customers.KuCoin also never filed any required suspicious activity reports, never registered with the CFTC as a futures commission merchant, and, through at least the end of 2023, never registered with FinCEN as a money transmitting business.In fact, says the indictment, Gan, Tang and KuCoin "affirmatively attempted to conceal the existence of KuCoin’s US customers" in order to make it appear as if the exchange was exempt from US AML and KYC requirements.

Before handing out a loan, banks invariably check the applicant’s credit score.

Public Provident Fund (PPF) accounts in India. However, there are provisions for those who initially open a PPF account as Indian citizens and later acquire NRI status. The PPF scheme serves as a valuable tool for tax-saving and investment, boasting attractive interest rates and compounding benefits over its 15-year tenure. Despite its popularity among Indian residents, there has been confusion regarding NRIs' eligibility to operate PPF accounts. NRIs are barred from initiating or overseeing PPF accounts.

financial literacy in this part of the country was dismal. While we can’t say everyone is financially literate, we are at least trying to move the needle. We talked to a few financial planners based in Guwahati to understand how the investment landscape has changed in the last few years and what investors should do.

It started out as a fun night out but took a turn in the wrong direction.

Chimpzee (CHMPZ) has garnered extensive praise within the cryptocurrency community, and recent notable advancements have further fueled excitement for this environmentally conscious initiative. Such acknowledgment is rightfully earned, given the passionate backing from the CHMPZ community in its mission to create a beneficial global influence.

first hauled to court two months ago on two graft charges, 24 charges of receiving gifts as a public servant and one of obstructing justice. Iswaran, 61, pleaded not guilty to obtaining 10 bottles of whisky, 12 bottles of wine and other items from November 2021 to November 2022 from Lum Kok Seng. The items were worth a total of nearly 19,000 Singapore dollars ($14,000).

Last week, the S&P 500 hit a new daily high of 5,261.10 points and a closing high of 5,241.53. It's up 9.7% since the start of the year and 46.3% from the lows of October 2022, when it fluctuated in the 3,577-point area.

Binance's regional manager for Africa, British-Kenyan Nadeem Anjarwalla, was detained alongside colleague Tigran Gambaryan by the Nigerian government in late February.While the two executives were not charged with any crime, the government demanded almost $10 billion in compensation from the cryptocurrency firm, accusing it of manipulated foreign exchange rates through currency speculation and rate-fixing.The central bank governor Olayemi Cardoso said Binance Nigeria had moved $26 billion worth of untraceable funds.A presidential spokesman has now told Bloomberg that Anjarwalla has escaped from the guest house where he was being detained. Amid speculation that he has fled the country, Nigerian is working with Interpol to secure an international arrest warrant for him.A Binanance spokesperson has told CNBC: "We were made aware that Nadeem is no longer in Nigerian custody.

Out of 136.4 million single holding demat accounts, around 99 million or 72.5% do not have any nomination details, a consultation paper by Securities and Exchange Board of India (Sebi) shows. In case of joint holding demat accounts, 37.2% do not have any nominations.

Nikhil Kamath in an interview with The Print shared his thoughts on being a school dropout. He also noted the societal stigma associated with low-barrier jobs regardless of the monetary success. When asked how the reactions were after his dropping out Kamath said his parents took the news better than expected.

Holi Bank Holiday on March 25, 2024: All banks — public and private — will be closed today on March 25 (Monday) on account of the Holi festival. Notably, this has been a long weekend off for banks with services being shut since March 23 for fourth Saturday and on March 24 for Sunday leaves.