Aware Financial News

self-regulatory body for online gaming, it may be looking at incorporating an independent regulator that will allow only registered entities to offer e-gaming services in India. The National Law University (NLU) Delhi, along with industry body E-Gaming Federation (EGF), is consulting with industry stakeholders to determine the direction that gaming regulations should take henceforth, people aware of the development told ET.

Electric vehicles (EVs) are set to scale a new milestone, breaching the 100,000 sales mark this financial year (FY24), fuelling the government’s ambitious aim of electrifying up to 30% of all passenger vehicle sales by 2030. The sales surge would be propelled by falling battery prices and resultant product price cuts by some automakers, robust government support for eco-friendly vehicles, higher prices of fossil fuels and growing environmental awareness among consumers. Launch of new models by automakers is also helping attract new buyers into this segment. This year’s sales performance would mark a 67% jump from the 60,910 electric PVs sold in FY23. In the electric two-wheeler segment too, sales are expected to climb 25% to an all-time high of more than 758,000 units this fiscal, according to market research firm Jato Dynamics.

External Affairs Minister S Jaishankar on Saturday dismissed China's repeated claims on Arunachal Pradesh as «ludicrous» and asserted that the frontier state was a «natural part of India». In probably his first public comments on China's frequent claims on Arunachal Pradesh and its opposition to Indian leaders visiting the state, Jaishankar said it was not a new issue. «This is not a new issue. I mean China has laid claim, it has expanded its claim. The claims are ludicrous to begin with and remain ludicrous today,» he said in response to a question on the Arunachal issue after delivering a lecture at the prestigious Institute of South Asian Studies (ISAS) of the National University of Singapore (NUS) in Singapore. Jaishankar, who is here on a three-day visit, emphasised that Arunachal Pradesh was a «natural part of India.»

Holi Bank Holiday March 2024: Bank customers will have to plan for a long weekend of non-working days from today (March 23) till Holi (March 25), as public sector banks will remain closed for the period. All public banks, including the State Bank of India (SBI), are shut today for the fourth Saturday of the month, followed by a Sunday off tomorrow and then a holiday for Holi on March 25 rounding off the long weekend.

Congress MP Rahul Gandhi for having "double standards" and said in Delhi, Wayand MP shows solidarity with Kejriwal's family while in Telangana he claimed that Delhi CM is «corrupt». Union Minister Smriti Irani said, «I would like to give a proof of how Rahul Gandhi rolls the dice on the same subject in diverse ways. On July 2, 2023 in Telangana, he said that KCR is also corrupt, there has been a liquor scam and all the agencies know about it… Ajay Maken had said that AAP used corruption money to defeat the Congress party in the Goa elections. So who was telling the truth? Delhi Chief Minister Arvind Kejriwal was on Friday remanded to the custody of the Enforcement Directorate for seven days i.e., till March 28, a day after he was arrested by the probe agency in connection with the Delhi Excise Policy case linked to a money laundering case.

Bank Holiday March 2024: All public banks, including the State Bank of India (SBI), will be closed today (March 23) on account of it being the fourth Saturday of the month. Notably, combined with Sunday (March 24) and Monday (Holi) bank holidays, customers can look forward to a long Holi weekend.

MDBs) to share their project implementation expertise and help draw the road map for becoming a developed nation by 2047. The finance ministry held a meeting with multilateral lenders on March 7 and sought their inputs on what it termed a «budget-plus and finance-plus» strategy, which would essentially cover the entire spectrum of project execution and go beyond just planning and financing, people aware of the details told ET. The ministry has reached out to various multilateral bodies to help mobilise other development finance institutions (DFIs) and investors, they said. The ministry wants these MDBs — such as the World Bank and the Asian Development Bank — to also help develop strategies to reduce time and cost overruns, and enable knowledge and technology transfers, among others, they said.

HDFC Bank, the country's largest lender by market value and the biggest Nifty constituent by weight, has doubled its overseas borrowing through a term loan syndication from a clutch of 23 global banks in a greenshoe option to the primary facility, having initially borrowed $500 million from Japan's largest lender MUFG in December. HDFC Bank, which merged its mortgage lending parent into itself last year, chose to exercise the green shoe option to raise another $500 million, taking the total proceeds to $1 billion in what is the largest three-year overseas loan organised by an Indian bank. «The syndication was completed on Thursday and the full green shoe option was exercised by HDFC Bank due to the strong demand from foreign banks,» said a person aware of the deal. «Banks from Asia, the Middle East and Europe participated in this syndication, which is the largest three-year syndication by an Indian bank for general corporate purposes.»

Vedanta Ltd are concerned about the lack of clarity on how their debt will be split among the various business units following the mining behemoth’s proposed demerger, said two bankers aware of the discussions. The lenders’ consortium, whose clearance is required for the merger to go through, is yet to schedule a meeting to decide on the matter. The bankers, who are part of the consortium, said the lead lender State Bank of India (SBI) has informed them that its subsidiary SBI Capital Markets (SBI Caps) is looking at the demerger proposal floated six months ago.

The Seattle Storm says Tricia McLean, the franchise's chief financial officer, has died

Hindustan Zinc Ltd (HZL) could put on hold its restructuring plan to create two separate entities for now after the government, which owns a 29.54% stake in the miner, resisted that bid. In a letter to the mines ministry this month, HZL said it wouldn't push ahead with any demerger proposal that the government disapproves of and that it would take the Centre on board while adopting such a plan, people aware of the details told ET. «The matter is going to be put off, although the company would take a formal decision in due course,» one of them said. Anil Agarwal-controlled Vedanta Ltd holds 64.92% in HZL.

Financial advisors should take note of two key reasons why affluent clients seek an alternative, to reduce the risk of losing business to rivals, according to newly released insights.

The Employees’ Provident Fund (EPF) stands as an excellent avenue for retirement savings in India. It promotes consistent savings by involving contributions from both employees and employers. The automatic deduction from your salary for EPF renders it an exceedingly convenient method for retirement savings. Below is an outline of the contribution framework:

Digital banking has brought a paradigm shift to the way we carry out financial transactions. The collateral damage, however, is the spate of frauds that accompany it. To minimise these frauds, the banking regulator has taken a number of steps so that banking remains safe and secure.

With a demographic shift, rising disposable incomes, and a government actively pushing financial inclusion, the Indian insurance sector stands on the cusp of another promising year in 2024. Life, health and motor will witness more growth with evolving consumer needs. Statistics reveal a burgeoning middle class, which with its increasing purchasing power, is expected to comprise 47% of the population by 2030. Rising income will invariably lead to more awareness and affordability towards insurance in the times to come.

MUMBAI : The Securities Appellate Tribunal (SAT) on Thursday issued a stay on a Securities and Exchange Board of India order against Vedanta Ltd, which had directed the company to pay ₹77 crore in interest for a delayed dividend payment to Cairn UK Holdings. The tribunal, however, asked Vedanta to deposit 50% of the interest amount into an interest-bearing account for Cairn UK. “We are of the view that at this stage the balance of convenience lies with the appellants (Vedanta).

Google researchers are setting their sights on another pressing global challenge: flood prediction. Their efforts are outlined in a recent research paper published in Nature, shedding light on how AI can revolutionize flood forecasting and potentially save countless lives, reported HT Tech.

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

credit score problems. Being aware of these signs can help you take proactive steps to address any issues before they significantly impact your credit score. For instance, Ajay Sharma, a 32-old-year dentist, never misses his credit card or loan repayment.

Prince Harry's lawyer says the cover-up of unlawful information gathering at British tabloids owned by Rupert Murdoch went all the way to the top

These studies also reveal that the onset of dementia is in a declining state among US residents due to enhanced education, fitness awareness, extensive healthcare, maintaining good blood pressure and similar other factors that are preventing dementia to start occurring. Reduction of smoking habits in Americans is another positive factor in the declining rate of dementia. Being socially engaged, both online and offline, is also helping US residents, it seems.