Aware Financial News

Samsung India is poised to surpass Rs 80,000 crore in total smartphone revenue this financial year, propelled by about 12% sales volume growth widely outperforming a subdued domestic market, said two people aware of the matter. The company accelerated sales spurred by premiumisation with average handset selling prices rising by 22%, higher than the industry average of 17%. The share of no-cost EMI purchases has also increased from 54% to 60% during the year, said Akshay Rao, mobile experience business general manager at Samsung India. Tenure for no-cost EMI schemes too rose to 18 months from 12 months earlier. Rao, however, declined to share or confirm the revenue performance for FY24.

₹155.65 crore. Vistara is currently a 51:49 joint venture of Tata Sons and Singapore Airlines. After the merger, Singapore Airlines will hold a 25.1% stake in the merged entity.

Sarbananda Sonowal said that Congress and its allies are flag bearers of nepotism, corruption, division and corruption. He addressed multiple meetings where he met and interacted with party cadres of BJP and AGP at Makum, Tinsukia and Dibrugarh Legislative Assembly constituencies under the Dibrugarh Parliamentary constituency. Highlighting the good work done by the Prime Minister Narendra Modi led National Democratic Alliance (NDA) government in the last one decade, the “Shakti” of Bharat would triumph over inept, inefficient, indifferent of Congress led opposition, added Sonowal, the BJP nominated candidate for Dibrugarh Lok Sabha constituency. Sonowal called upon party cadres to harness their Shakti to trounce any opposition towards realization of the vision of Viksit Bharat, Atmanirbhar Bharat.

Sebi) has proposed that IPO bound companies should disclose details about the proposed issue, including the risks factors in an audiovisual presentation of not more than eight minute duration. The lead manager to the public issue should create the audiovisual in a bilingual version, English and Hindi. The total duration of the audiovisual would have to be equitably distributed among the material disclosures made under various sections of the public issue offer document such as risk factors, capital structure, objects of the offer, business of the issuer, financial information, litigations and material developments.

Bengaluru to "voluntarily adopt aerators" and said licensed plumbers will be ready to assist as needed. He also stressed at the affordability of the aerators, and emphasized that targeting key areas like the wash basins, kitchens and handwashing stations can curtail wastage of water effectively. As he urged the public to use the aerators, Manohar said that the 'affordable' device, starting from just ₹60, is substantial in reducing the consumption of water and its bill.

State Bank of India is likely to shift its centralised global back office and some other foreign exchange related departments from Kolkata to Mumbai, the country's financial capital, in yet another move to centralize operations. The back office was set up in 2015 in the City of Joy when Anundhati Bhattacharya was the chairperson of the bank. The back office works 22x7 to cater to customers in Sydney, Bahrain, Hong Kong, London and New York. The bank has not formally announced the move but started preparing grounds for it, three people aware of the development said.

PM Modi touring the entire India, India's name is becoming popular in foreign countries also, so considering this, I have trust and faith in JP Nadda ji, Amit Shah ji, Devendra Fernand ji, I will get support from them and we have to save Jharkhand." Sita Soren alias Sita Murmu is Jharkhand Mukti Morcha leader Hemant Soren's sister-in-law. She is the widow of his elder brother Durga Soren. Sita was first elected as the MLA from Jama in 2009.

India is hailed as the third largest fintech ecosystem in the world with over 10000 FinTech firms in the country. The fintech adoption rate in India is 87% which is way above the global average of 64%. On top of that, the value of India’s Financial Inclusion Index is 60.1 as against 56.4 in the previous year. Yet, India is severely credit underpenetrated. The credit card penetration is estimated at around merely 5.5% of the population and even India’s domestic credit to the private sector at 55% of GDP in 2020 is remarkably below the world average (148%), and lowest among its Asian peers — China (182%), South Korea (165%), and Vietnam (148%).

SoftBank India has elevated its investment director Sarthak Misra to a partner, per sources in the know of the matter. The technology-focussed investment fund’s India portfolio companies are also being informed of the same on Tuesday, according to people aware of the matter. Misra, who joined the fund in 2019 from Matrix Partners India, sits on the board of ecommerce firm Meesho and business-to-business etailer OfBusiness along with working closely with companies like Swiggy and Lenskart.

shared a photo to Instagram, posing with her three sons atop a podium for go-karting company K1 Speed. In the photo, Dion drapes her arms over the shoulders of her 13-year-old twin sons, Eddy and Nelson, while her eldest son, 23-year-old René-Charles, sits at her feet.“Today the world recognizes International SPS Awareness Day,” the singer, 55, wrote.“As many of you know, in the fall of 2022, I was diagnosed with Stiff Person Syndrome (SPS).

Thailand Digital Asset Association has warned Thai users that the recent crypto price uptrend could potentially attract hackers. The association which comprise of a network of blockchain evangelists, aims to create awareness among citizens on the dark side of crypto-asset bubble.

Chinese handset brands operating in India are facing a tough balancing act amid continued geopolitical tensions between New Delhi and Beijing. While the Indian government is nudging these brands to add local executives in top decision-making leadership roles, many are apprehensive to come on board due to the limelight and scrutiny that comes along with the job in a Chinese company. Officials aware of the details told ET that the government is hopeful that Chinese brands will soon hire local talent for key leadership roles in their Indian operations, like what they did for distribution and marketing.

Azure Power Global Limited, India’s first renewable energy company to have listed in the US, is exploring a possible stake sale to a strategic partner or even a complete sale of the business, two people aware of the development said. The company has called a special meeting of shareholders on 20 March at its Gurugram office, according to a 9 February statement. Azure Power, which listed on the New York Stock Exchange in 2016 and subsequently delisted in 2023, has backers in Canadian pension funds Caisse de dépôt et placement du Québec (CDPQ) and Ontario Municipal Employees’ Retirement System (OMERS), which hold 53.4% and 21.4% stake, respectively, in the company.

NEW DELHI : Procter & Gamble Health Ltd, a subsidiary of the multinational consumer goods firm Procter & Gamble, is preparing to expand its portfolio of vitamins, minerals, and supplements (VMS), especially neurotrophic vitamins, under its five-year plan, Milind Thatte, MD of the company, said. The company has a portfolio that comprises 90% of VMS products, with nasal decongestant Nasivision accounting for the remainder. “We are constantly upgrading our portfolio offerings and have launched four different products in the last three to four years.

The mutual fund industry in India has been witnessing unprecedented growth, with inflows in the equity category surging significantly in February. According to data released by the Association of Mutual Funds in India (AMFI), the month witnessed inflows amounting to ₹26,866 crore, reflecting a spike of 23.3 percent. Small-cap funds led the way with a net inflow of ₹2,922.4 crore, followed by mid-cap funds with ₹1,808.2 crore, and large-cap funds with ₹921.14 crore in net inflows. Equity funds have seen positive inflows for the 36th consecutive month since March 2021.

– By Ashwini Kumar

Investing.com-- Shares of listed firms under the Adani Group fell on Monday after Bloomberg reported that the U.S. government had widened its investigation of the conglomerate over suspicions of bribery.

Election Commission that someone delivered to its office an envelope with electoral bonds worth Rs 10 crore way back in 2019, which it encashed within days but has got no information on the donors. As the Election Commission on Sunday made public hundreds of sealed-cover disclosures submitted to it by various political parties, filings made by Bihar's ruling party showed that it got electoral bonds totalling more than Rs 24 crore. The party also disclosed the names of Bharti Airtel and Shree Cement as its donors for bonds with Rs 1 crore and Rs 2 crore, respectively. In another filing, the JD(U) disclosed donations totalling Rs 24.4 crore through these bonds, many of which were issued from SBI branches in Hyderabad and Kolkata, and a few were issued in Patna.

New Delhi: India is contemplating softening its stand on some of the contentious issues that have held up a free trade agreement with the UK, according to two people aware of the matter who expect the UK to do the same. Both countries have underscored the significance of finding a “feasible solution" to speed up the process, they added. “India is planning to soften its stand on some of the sticky issues in the trade negotiations with the UK.

Electoral bonds data 2nd list: In a fresh set of details around the political donations through electoral bonds, the Election Commission of India on Sunday uploaded the sealed covers received by the Supreme Court's registry carrying party-wise details of electoral bond donations at least till 12 April 2019. The second set of data sheds more light on donations through ‘now-scrapped’ electoral bonds.

Arvind Kejriwal for skipping probe agency summons in the alleged Delhi excise policy scam, the Enforcement Directorate (ED) has summoned for tomorrow under section 50 of the Prevention of Money Laundering Act in the Delhi Jal Board case, ANI reported. According to details, the ED is investigating illegal tendering in Delhi Jal Board and laundering of alleged proceeds of crime.