Aware Financial News

Thai Airways plane.“Global Affairs Canada is aware of the arrest of a Canadian citizen in Thailand.

telecom department is facilitating a Shark Tank India-like funding mechanism for startups, particularly in next-gen technologies, as part of the country's efforts to create domestic technology majors. As per officials aware of the details, the DoT is acting as a mediator to introduce startups with the venture capitalists (VCs). «We want to provide exposure and funding opportunities to the MSMEs and startups to scale up. If the idea is good, the VCs will provide the requisite support,» an official privy to the details told ET.

Kesoram Industries, which is merging its cement business with UltraTech Cement, is looking to refinance the ₹1,500-crore debt borrowed at 20% from Goldman Sachs, Cerberus and Edelweiss, and is in talks with Tata Capital for it, two people aware of the development said. The company is looking for a one-year finance before the asset moves to UltraTech following regulatory clearances, they said, adding that Kesoram is looking to refinance the debt at 12-13%. Talks for the new loan could close by the end of this month, they added. «Kesoram is in talks with Tata Capital to raise debt as the 'make whole' for the existing debt will get over in March this year,» said one of the sources. «The loan will be used to refinance existing lenders and will help Kesoram reduce interest cost by as much as 7-8%.» «Make whole» is the call option on a bond given to an issuer to pay off the remaining debt.

National Payments Corporation of India (NPCI) and banks in the US and India are in advanced stages of discussions to flesh out a real-time payment linkage between the US and India, said people aware of the developments. The plan seeks to build on the domestic payments body's inroads in setting up cross-country systems. Within the ecosystem of the unified payments interface (UPI), the NPCI is working with Indian banks that have experience with the system as well as foreign banks to develop use-case models and testing pilots, the people cited above told ET. «NPCI is working along with Indian banks and foreign banks to see how they can partner. In addition to talking directly to FedNow or their UPI equivalent on how to connect, they also need the large US banks to partner so that the use-case, testing, etc happens. The process is in advanced stages,» a person said.

Andhra Pradesh, Telangana and Karnataka collectively owe the Indian Railways more than ₹9,000 crore as their cost share for projects executed in these states. Kerala and Tamil Nadu do not have any such arrears, but land acquisition has been slow hurting projects in these states, said officials aware of the matter. According to officials, railway projects face the most delays in states where political regimes change frequently.

Tata Motors and MG Motor India that are reporting high demand for electric cars from this tiny southern state that accounts for only about 4% of all passenger vehicles sold in India. Kerala has emerged a frontrunner in adoption of the technology, trailing only Maharashtra in lapping up electric cars like Tata Tiago EV to MG Comet, launched at affordable price points in the mass market in the past 12-18 months. It is followed by Karnataka and Gujarat. Together, the three states accounted for about 35% of the 82,000-odd electric cars sold in the country in CY2023. Greater consumer awareness, lower cost of operations and wider spread of charging infrastructure have been driving up sales in these states, senior industry executives told ET.

On the outskirts of Barrie, Ont., sunlight washes over the outcast cucumber and parsley stacked on skids at Eat Impact’s warehouse.

DesignCafe is in the process of merging with its bigger rival HomeLane in a stock-swap deal, multiple people aware of the development told ET. The deal will value DesignCafe at about Rs 500 crore, or about $60 million, and HomeLane at $360 million, or about 3,000 crore, one of the sources said.

Indian real estate takes a stride towards transparency and continues to attract global investments; the adoption of title insurance emerges as a pivotal step in safeguarding interests of stakeholders including homebuyers as well as institutional investors. Its usage is also witnessing gradual rise across key property markets in India. However, certain challenges including limited awareness and a fragmented regulatory landscape continue to hinder the widespread adoption. What is Title Insurance? Title insurance is a specialised form of indemnity insurance designed to protect real estate owners and lenders against financial losses stemming from defects in the title or ownership of a property. These defects could include undisclosed liens, encumbrances, errors in public records, or even fraudulent claims on the property's ownership.

Coveted worldwide for their style, design and durability, but shut out of the Indian market over quality rules: That’s the paradox facing French luxury brands like Louis Vuitton, Dior and Christian Louboutin trying to sell their exquisite footwear in India. Footwear imports by these brands and others have faced hurdles after the government’s quality rules mandating the application of BIS standards for imported footwear, including embossing ISI marks on all footwear sold in India took effect in July 2023, three people aware of the matter said. Under the quality control order (QCO) on footwear, no company can manufacture, import, distribute, sell, hire, lease, store or exhibit any product in the country without the ISI mark.

sell assets, including Great Learning, has stalled amid mounting financial challenges stemming from term loan B (TLB) investor demands and discord with stakeholders, said potential buyers who have been approached. They are waiting in expectation of a lowering of the purchase price, they told ET. Unlike Epic — which is also on the block — the sale of Great Learning is being overseen directly by its founder Mohan Lakhamraju, along with the TLB investors. Byju’s is seeking around $600 million from sale of the higher education asset but is yet to find a buyer with a binding term sheet.

BLive, a startup that offers a wide range of EVs and related services through a digital platform. In his response to our questionnaire, Kholkar said that India's EV market has great potential. He also discussed EV subsidies, BLive's financials, and business plans. Edited excerpts: Tell us something about BLive At BLive, we are on a mission to drive the adoption of sustainable mobility. My co-founder Sandeep and I, come from corporate backgrounds and always had the vision of creating something that could drive positive and meaningful impact and we chose electric vehicles as they are a perfect fit to addressing the current growing transport need of our country.

Also Read: Fighter Movie: This Hrithik Roshan and Deepika Padukone starrer has 4 invaluable money lessons You watch in horror as a sudden surge in electricity creates a glitch in Kriti Sanon’s programming. She behaves erratically and you can see it in her speech too. No matter what program you use to invest, be aware that technology based apps (even though created with the strictest methods) can glitch.

Vijay Shekhar Sharma, founder of Paytm and part-time chairman of Paytm Payments Bank, considered resigning from the latter’s board and removing ‘Paytm’ from its name to quell mounting regulatory and compliance pressures on the fintech firm, said people aware of the matter. Sharma, however, did not carry out his plan and remains on the board of Paytm Payments Bank.

payment application Paytm, is focussing on the third-party payment app (TPAP) route to ensure that the Unified Payments Interface (UPI) remains open for its users, people aware of the matter told ET. Discussions on this have started with the National Payments Corporation of India (NPCI), one of the persons said. NPCI runs the UPI ecosystem in the county.

Processed food and drinks have internationally been subject to voluntary caps on fat, salt and sugar. Front-of-package labelling has been used to effectively signal health choices, and sin taxes have been deployed to deter consumption. India has a demerit tax on sugary drinks, but is yet to get its manufacturers to cut back on sugar levels prevalent in Europe, the US or even in Singapore.

KSK Mahanadi Power will seek the bankruptcy tribunal's intervention to expedite the company's sale process, which has been hanging fire for more than five years, multiple people aware of the matter told ET. On February 6, a requisite majority of KSK Mahanadi lenders passed a resolution to appeal to the National Company Law Tribunal (NCLT) to vacate a stay on the resolution process of the thermal power company and allow a standalone resolution of the company, the sources said. Lenders have verified claims of Rs 29,330 crore in the company that operates three 600 mw units in Chhattisgarh.

legal risk, cyber risk and the impact artificial intelligence and machine learning (AIML) will have on the banking system as these new technologies take shape for a larger role in public like Reserve Bank of India (RBI) deputy governor T Rabi Sankar said. Sankar who oversees the department of fintech, currency management and department of payment and settlement systems at the RBI among others said banks as risk managers have to be aware of the changes AIML will bring even as they figure out the implementation of these technologies in day to day operations. He suggested that it would be better if the training of people and upgrade of systems can be co-ordinated between banks by industry bodies like the Indian Banks’ Association (IBA) because the nature of AIML technology is very different from before.

BEIJING — Hainan Airlines this week started letting passengers on some routes use Rokid's augmented reality glasses for free for in-flight entertainment, the tech startup announced Thursday.

T. Rowe Price veterans are preparing to take on new leadership roles in the intermediary and retirement plan services business units.

Paytm Payment Bank accounts. This was announced in a circular issued on Feb 8, 2024 and uploaded on the official website of pension fund body.