Aware Financial News

China said on Tuesday that it supports the Maldives in safeguarding its sovereignty, as the first batch of Indian military personnel operating a helicopter left the island nation and was replaced by a civilian crew. Indian military personnel stationed in the Maldives manning the operations of a helicopter left the country after handing over the operations of the chopper to an Indian civilian crew, the Maldivian media reported on Monday. Asked for his comments on the first batch of the Indian military personnel's withdrawal from the Maldives, Chinese Foreign Ministry spokesperson Wang Wenbin said he was not aware of the specifics. «China supports the Maldives in safeguarding its territorial sovereignty and carrying out friendly cooperation with all sides on the basis of independence,» he said.

U.S. lab said it detected benzene, a cancer-causing chemical, in several popular over-the-counter acne products, Health Canada said it is reviewing the findings.On March 6, Valisure, an independent lab, reported that benzene can form at high levels in benzoyl peroxide products (used to treat acne) and that it found it in products from the brands it tested.In an email to Global News on Monday, a Health Canada spokesperson said the department “has been made aware of the test results from Valisure, the U.S.

Yesterday was a rather unremarkable, boring day on the surface, with the S&P 500 finishing down 11 bps. Implied volatility for today was sharply higher yesterday, especially as the day went on. The VIX 1 Day yesterday surged by 6 points to close at 18.60, its highest close since the end of October. The equity market cares about today’s CPI report.

The 2024 Lok Sabha Election for the Deoria Constituency in Uttar Pradesh, one of the state’s 80 Lok Sabha seats, is anticipated to take place in March of this year. The specific dates for voting and the announcement of results will be confirmed following an official declaration by the Election Commission of India. Below are the key details regarding the Lok Sabha Election 2024 for the Deoria Constituency in Uttar Pradesh that are essential to be aware of.

Cisco has signed a memorandum of understanding with Karnataka Innovation Technology Society (KITS) to train 40,000 individuals in cybersecurity skills and cyber awareness. Women will represent half of the trained workforce to help meet the growing need for cyber talent as organisations look to bolster defences against an evolving and complex threat landscape.

Limra has entered into a strategic partnership aimed at enhancing fraud prevention in the retirement services and life insurance sectors.

Central Board of Indirect taxes and Customs (CBIC) is planning to prepare a list of products which end up in litigation purely due to classification issues. The fitment committee is likely to look into such items where there is a minor change in composition but the tax slabs are different, creating confusion in tax liability, mostly in the fast-moving consumer goods (FMCG) sector, which recently attracted many tax notices. The list will be referred to the group of ministers on rate rationalisation committee when the Goods and Services Tax (GST) Council meets next, said people aware of the matter.

MUMBAI : British American Tobacco (BAT) Plc is preparing for its long-awaited stake sale in ITC Ltd in the next two weeks, two people aware of the matter said. The British multinational plans to sell 4% in the Indian company at ₹380-390 per share, a 5-8% discount to Monday’s closing price of ₹409, the people said on condition of anonymity. Around 499 million shares worth around ₹20,000 crore (over $2.4 billion) are expected to change hands, in the biggest block deal since 2021 when Bosch Ltd saw block deals of ₹29,000 crore for 19.98 million shares.

~ This is in alignment with the brand’s vision of becoming India’s most searched tech enabled loo-discovery mobile app that helps women to locate the nearest clean, safe and hygienic washroom In India when they are on the move ~Woloo aims to onboard 2.5 Lakh (Quarter Million) Woloo assured washrooms in next 3 years providing hygiene dignity to 1 Million users (predominantly women) ~ Woloo is bringing up this issue, because It Matters as the numerous challenges and struggles an Indian woman faces, can only be felt by another woman and Harmanpreet Kaur embodies empowerment, inspiration and strength ~ Ab har din hoga #harwomanday Mumbai…March 8, 2024…Woloo, a pioneering loo discovery tech-enabled platform proudly announces Harmanpreet Kaur, Captain of Indian Women’s Cricket Team & Mumbai Indian IPL team as Brand Ambassador on International Women’s Day to address the critical issue of washroom hygiene for women in India. This partnership endeavours to raise awareness about the significant challenges confronting women due to the lack of timely access to clean and hygienic washroom facilities, which pose various health risks.

Byju's is undergoing a cost-cutting initiative and restructuring drive that includes downsizing some of its smaller assets across the country. To achieve this, the company has identified multiple offices and tuition centers ranging between 500 and 1,000 sq ft across 17 cities.

NEW DELHI : India and Italy are set to sign an extradition treaty as the two countries seek to repair their bilateral relations that were waylaid by the 2012 killing of two Indian fishermen by Italian marines. The extradition treaty will make it easier for both countries to counter crime and improve cooperation between their law enforcement agencies, said people aware of the developments. The final text of the extradition treaty has been approved by the MEA and the ministry of home affairs, with the law ministry examining it for the Union cabinet’s approval, these people said.

strict scrutiny of cobranded credit cards – a sector that has seen strong growth recently – in recent times is aimed at preventing backdoor entry into the highly regulated credit card industry, people aware of the situation told ET. The central bank wants to strengthen regulations on cobranded credit cards, they said.

HDFC Bank has set the ball rolling for the much-anticipated initial public offering of its subsidiary HDB Financial Services. The country's largest lender by market capitalisation intends to schedule the launch of the share sale in its financial services arm in the last quarter of calendar 2024 or the first quarter of 2025, said sources familiar with the development. If the IPO happens in 2024, it could be one of the biggest public issues of the year and the first from the HDFC Group after the merger of HDFC Bank and HDFC.

ARCs) are lining up for the bankrupt ACCIL Corp's ₹270 crore debt in what is turning out to be a rare 100% recovery for banks. The asset in question is an ACCIL-owned hotel in Jaipur, which has been put on block by lenders to recover their dues. Last month, Omkara ARC beat competitor Asset Reconstruction Company of India (Arcil) with a ₹38 crore cash offer to Chennai-based Indian Bank in a Swiss challenge. Separately, Arcil has emerged as the preferred bidder to take over the ₹113 crore debt owed to Union Bank of India, the lead lender in the case.

startups — Fashinza and Virgio — backed by the likes of Accel and Alpha Wave have initiated a process to return most of the capital they had raised, after a change in their business models, people aware of the matter said. Both had failed to find traction in the original business plans for which they had raised the funds and so are now returning part of the money, the people said.

HUL) has introduced a foster/kinship caregiver leave policy, offering up to four weeks of leave to employees who opt for pre-adoption foster care or become legal guardians as per their familial requirements. This policy acknowledges diverse familial arrangements and expands the scope of family caregiving beyond the immediate family, the company said.

Arun Goel's resignation as election commissioner, although a surprise, was preceded by simmering differences with chief election commissioner Rajiv Kumar. The issues appeared to have escalated over the last few weeks following Anup Pandey's retirement on February 15. ET has learnt that most disagreements were not about major policy issues. However, differences continued and involved issues such as the composition and size of EC teams heading to states for poll preparation reviews and the formats of press briefings in states, among others. Insiders said that despite such disagreements, there was no recorded case of 'dissent' between the duo at Nirvachan Sadan. The differences were rather «expressed verbally».

New Delhi: Sekura Energy, an energy sector-focused platform of Edelweiss Infrastructure Yield Plus Fund, is the front-runner to buy solar projects totalling 350 megawatts (MW) from O2 Power, two people aware of the development said. The deal is likely to have an equity and enterprise value of $50 million and $200 million, respectively, the people said. The sale process is being run by EY.

Arun Goel resigned as election commissioner, Samajwadi Party Chief Akhilesh Yadav on Sunday asked whether the Election Commission is working under pressure. «Just before the elections, whose pressure there is on the Election Commission which is a constitutional body,» Yadav told reporters here when asked about Goel's resignation. He also said that such a thing has happened several times in the BJP rule, when officials have had to leave their job due to pressure. «The resignation (of Arun Goel) raises questions that whose pressure is there on the Election Commission,» the former chief minister said.

Tamil Nadu Law Minister and DMK leader S Regupathy on Sunday asserted that his party has no links whatsoever with Jaffer Sadiq, the prime accused in an international drug trafficking case being investigated by the Narcotics Control Bureau. The DMK also warned of legal action against those who attempt to link Sadiq with either the party or its leaders. Speaking to reporters, Regupathy said the BJP regime has now deployed the Narcotics Control Bureau (NCB) to «besmirch» the DMK regime after «misusing» the Enforcement Directorate, the Income Tax department and the Central Bureau of Investigation for that purpose. After the DMK assumed office in 2021, the state government has taken swift action against drug peddling and this has been lauded by courts, he said. «Today, they (Centre) are thinking of intimidating the DMK through the NCB.» Sadiq had held the post of Chennai West-NRI Wing Deputy Organiser in the DMK until he was recently dismissed by the party after allegations connecting him to drug trafficking surfaced. Regupathy blamed NCB Deputy Director General Gyaneshwar Singh for holding a press conference about Sadiq's arrest — even before the probe is completed — based on «false calculations» to tarnish the DMK's image and «to let the BJP gain political mileage» out of it just before the Lok Sabha polls.

India’s fledgling electric vehicle market on expectations that a government push towards ecofriendly mobility and greater consumer awareness will further accelerate sales. Domestic electric passenger vehicle sales have picked up pace, with the number of mass-market models growing threefold to a dozen by seven companies in 2023, from just four models by three manufacturers prior to the pandemic, according to data collated by automotive market research firm Jato Dynamics. Tata Motors dominates the local EV market with its Tiago, Nexon, Tigor and Punch, followed by MG Motor India and Mahindra & Mahindra. China’s BYD, a relatively new entrant, is making strong inroads, surging ahead of even established rivals such as South Korea’s Hyundai and Kia. BYD, the world's number one electric vehicle maker, launched the Seal sedan earlier this week — the third model in its portfolio after the e6 multipurpose vehicle and Atto 3 SUV.