Aware Financial News

Grasim Industries share price has seen almost 40% rise as it scaled 52-week high on Thursday. The launch of Paint business is adding to optimism on earnings growth.

Tata Investment Corporation rallied 7% to hit a new 52-week high of Rs 6,958.5 in Thursday's trade on BSE. The stock has also zoomed 33% in the last eight days. The stock has been on the rise since the beginning of February following reports that the government has received nine bids from companies including Tata Group and Tower Semiconductor for the overhaul of its Semiconductor Laboratory (SCL) in Mohali.

ED) has asked the Bureau of Immigration (BOI) to issue a look out circular (LOC) against Byju Raveendran, founder and CEO of the eponymous, embattled edtech company Byju's, people with knowledge of the matter told ET. The central agency approached BOI earlier this month to issue a fresh LOC to ensure that Raveendran does not leave the country. An LOC 'on intimation' has already been issued against Raveendran. It was opened more than one and a half years ago at the request of the ED's Kochi office. However, the investigation was later transferred to the Bengaluru office of the agency. The LOC 'on intimation' results in immigration authorities informing a probe agency about the individual going overseas but the person is not stopped from leaving the country.

MUMBAI : Government-backed National Investment and Infrastructure Fund (NIIF) has agreed to invest $200 million ( ₹1,658 crore) in digital infrastructure company iBus for a controlling stake, two people aware of the development said. iBus Network and Infrastructure Pvt. Ltd, which is backed by Morgan Stanley Infrastructure Partners, will use the money to finance its expansion.

The head of a renewable energy subsidiary of Japan’s top refiner, Eneos Holdings, has been fired for sexual harassment as awareness of the #MeToo movement grows in the country

Assam government tabled Assam Healing (Prevention of Evil) Practices Bill, 2024 in state assembly whereby any person found guilty of committing the illegal act in the name of treatment/magic healing shall be punished with imprisonment and a fine. The Bill was introduced by Parliamentary Affairs Minister Pijush Hazarika on behalf of Chief Minister Himanta Biswa Sarma. Assam Healing (Prevention of Evil) Practices Bill, 2024 aims to bring social awakening in the society and to create healthy, science-based knowledge and safe environment to protect human health against the evil and sinister practices thriving on ignorance and ill-health of people to eradicate the non-scientific healing practices with ulterior motives for exploiting the innocent people and thereby destroying the fibre of the public health of the society. As per the Bill, no person shall take any part in healing practices and magical healing propagation for treatment of any diseases, any disorder or any condition relating to the health of a person (relating to human body) directly or indirectly giving a false impression of treatment to cure diseases, pain or trouble to the human health.

Across America, people are twice as likely to know about fintech firms like Robinhood and Chime than they are to be aware of the latest services from well-established companies like JPMorgan, Goldman Sachs, Fidelity and Vanguard.

PFRDA) on Tuesday released a circular in a bid to secure NPS (National Pension System) transactions through aadhaar-based access of the Central Recordkeeping Agency system under the government sector. As of now, the nodal offices under central and state governments including autonomous bodies currently use a password-based login in order to access the central recordkeeping agency (CRA) for NPS transactions.

Employees’ Provident Fund Organisation (EPFO), sources told The Economic Times. They added that officials from the Indian Computer Emergency Response Team (Cert-In) are tasked with examining the situation. “We are aware of it but need to verify if the claims being made are correct.

Amazon is launching a new vertical featuring low-priced, unbranded fashion and lifestyle products, people aware of the matter said. The US ecommerce giant is looking to aggressively woo the Indian value customer, as demand for mass market products tapers and its own growth loses pace. Amazon Bazaar has begun onboarding sellers and is asking them to list unbranded products — including apparel, watches, shoes, jewellery and luggage — priced below Rs 600. ET has reviewed the company’s communication to merchants.

₹2,000 crore from private equity firms Advent International and Multiples Private Equity, a person aware of the deal said. The Mumbai-based microfinance institution (MFI)will use the funds to expand and consolidate its growth, the person added, requesting anonymity. Queries sent to Svatantra, Multiples and Advent remained unanswered.

₹1 crore and thus presumably bought by companies. Hence, the right at stake was a corporate donor’s to make political donations. The judgement will evoke mixed feelings in boardrooms.

Zee Entertainment Enterprises on Tuesday clarified that it has not indulged in any negotiations with Sony over the merger deal, the company said in an exchange filing. It said, «We would like to clarify that the company has not involved in any negotiations, or any other event as stated in the above-mentioned article, and we categorically confirm that the abovementioned news item is factually incorrect.» «We wish to clarify that the company is not aware of any information that has not been announced to the exchanges which could explain the aforesaid movement in the trading, and we are not in a position to determine the material impact of the above-mentioned article on the company,» it further stated.

green card backlogs. The Bill, if implemented, would have particularly helped Indians on K-1 fiancé/e and K-3 spouse visas, H-4 spouses and children of H1-B visa holders, individuals awaiting employment-based green cards, and those sponsored for family-based green cards waiting outside the US. For H-1B visa holders with approved I-140 petitions, the Bill aimed to simplify the employment authorization process for their spouses. Traditionally, H-4 visa holders undergo a cumbersome process to obtain an employment authorization document (EAD). The proposed Bill sought to eliminate this requirement, allowing H-4 spouses to work 'incident to status,' streamlining the process and removing bureaucratic hurdles.

(Corrects comment in second paragraph to say «no ill effects», and not «neural effects»)

Congress and Samajwadi Party in UP for the general elections have hit a wall, casting a serious shadow on the future of the alliance. Congress general secretary in charge of organisation KC Venugopal however told media separately that discussions are going on and talks will be finalised at any point of time now. Talks had been going on between the two INDIA bloc members for over a month. A day ago, Akhilesh Yadav said he will join Rahul Gandhi's Nyaya Yatra in Raebareli, scheduled for Tuesday, only once the talks were finalised, triggering hectic parlays between the two parties all of Monday, that went on till late night.

debt aggregator Acre Asset Reconstruction Company (ARC) has put Nagarjuna Fertilizers and Chemicals on the block less than a year after taking over the ₹3,858 crore debt of the company. Acre is seeking ₹1,600 crore from bidders — double the ₹811 crore it paid to a seven-bank consortium in March last year, documents accessed by ET showed. The bidding will begin later this week. In a sale notice, Acre ARC said that it plans to sell Nagarjuna as a composite asset including the Kakinada urea plant and three other units. That will include movable fixed assets, plant and machinery and other accessories of the company.

By Doina Chiacu

DK Shivakumar on Monday accused JDS leader HD Kumaraswamy of making «offers» to Congress MLAs to influence them to vote for his party candidate in the Rajya Sabha polls. “We are aware of who HD Kumaraswamy is making phone calls to, what he is speaking and what offers he is making. Our MLAs have given us all the information. We are aware of BJP’s game plan too,” Shivakumar told the media in Bengaluru. JDS has fielded former Rajya Sabha member and wealthy businessman Kupendra Reddy as NDA's surprise fifth candidate, setting off worries in the Congress camp.

₹100 crore to add about two dozen laboratories for testing organic products as well as upgrade existing labs, two people aware of the development told Mint. The move is aimed at enhancing the quality of organic food available in the domestic market and ensuring better pricing for the country's 4.43 million organic farmers. This comes as a response to the rapid expansion of India's organic food market and the current limited capacity for testing organic products, said one of the persons cited above, who did not wish to be named.

One should properly diversify the portfolio, but over or under-diversification will not work. Reasonable diversification is important, says Mukesh Kochar, National Head of Wealth, AUM Capital.