Aware Financial News

Samsung is set to begin manufacturing laptops at its Noida plant this year, TM Roh, president and head of the MX business, said Monday, adding that India was a key production manufacturing «We will start manufacturing laptops this year at the Noida factory. Preparations are already underway,» said Roh, who is visiting India.

Nitish Kumar's exit from the INDIA bloc, Delhi Chief Minister Arvind Kejriwal said that Kumar shouldn't have left and called it «wrong.» Kejriwal made the remark at a press conference responding to a question about Nitish forming a new government with BJP in Bihar. «He shouldn't have left, this is wrong. Such conduct is not good for democracy,» said the Delhi CM. Nitish Kumar on Sunday was sworn-in as the new chief minister of Bihar with BJP support.

unclaimed investments, we will look into the use of technology, fees and the role of retrieval advisory platforms. In the first part, we looked into how to check your unclaimed deposits and investments, documents and the steps you need to take to make a claim. You can read it here: In this final instalment on unclaimed investments, we delve deep into the crucial aspects of technology's role, fee structures, and the pivotal function of recovery advisory platforms.

ICICI Prudential Life Insurance Company. In an interview with MintGenie, Balasubramanian said that to increase insurance penetration across the country, IRDAI is working towards implementing Bima Sugam, Bima Vahak, and Bima Vistaar initiatives. Edited Excerpts: The life insurance industry in India has registered a 13% year-on-year growth in total premium income, amounting to ₹7.83 trillion during FY2023, according to the IRDAI Annual Report, indicating an increase in the uptake of life insurance products.

Congress president Mallikarjun Kharge, in a letter, requested Trinamool Congress chief and West Bengal Chief Minister Mamata Banerjee to issue directions to ensure smooth passage of Rahul Gandhi's Bharata Jodo Nyay Yatra through the state. Expressing concern that the Yatra was allegedly targeted by some miscreants in the neighbouring states, Kharge wrote in his letter, «While the first Bharat Jodo Yatra went across the country without any untoward incidents and culminated in a rally in Kashmir,. However, you would be aware that some miscreants targeted the current Bharat Jodo Nyay Yatra in your neighbouring states.

retail lending is increasingly posing concerns for the banking industry, arising from a potential systemic risk. The non-mortgage lending growth of banks and NBFCs has been growing at 25-30% YoY, mainly led by credit cards, durables, autos, personal loans, education loans, and others. A recent RBI research delves into the empirics of retail credit growth and concludes that the quality of retail loan portfolio is healthy across banks, product categories, and borrower risk classes, even as growth continues to surge. But it warns that some subcategories, mainly credit cards and vehicle loan portfolios, show signs of weakness, and need close monitoring. The broader message of this study is that there are incipient concerns about rising credit risks from rampant retail lending by banks and NBFCs. However, the fact that the RBI’s research recommends further regulatory tightening to contain the spillover effect aligns with our fervent alerts on exuberant retail lending. Considering RBI’s latest study, the announced and prospective regulatory tightening, and our assessment of the economic cycle, the headwinds for the Indian banks and lending industry will likely intensify.

ICICI Prudential S&P BSE Sensex ETF - has now completed 21 years of its inception. This index fund ETF has delivered an annualised return of 16.9 percent in the past two decades. In other words, a lump sum investment of ₹1 lakh at the time of inception (January 10, 2003), as of December 31, 2023, would be approximately worth Rs.

Tesla is recalling nearly 200,000 vehicles in the U.S. because the backup camera may not display an image

₹12,000 crore, the people cited above said on the condition of anonymity. FAME-II, which expires on 31 March 2024, doles out demand-side cash subsidies on the sale and purchase of hybrid and electric four-wheelers for commercial use if they meet certain price and performance criteria.

Dubai COP28 last month, 'Whether you like it or not, fossil fuel phase-out is inevitable.' In this context, questions like whether high-end Indian consumers really care for environmental impact, whether they are willing to pay a premium for sustainable products, and whether companies focus on ESG just because it's a mandate from shareholders and board are gaining traction. The real motivation for both companies and consumers is to save our planet for our children, and ensure we hand over a cleaner and greener environment for them to grow in. Today's challenges related to climate change, resource depletion and carbon footprint are very real.

A report presented at a recent tech conference contain insights that might be beneficial for advisors looking to upgrade their tech stack.

Chinese car companies are making strides with their stable supply chains and competitive pricing, their low brand awareness and perceived reliability, durability, and safety challenges in the United States may hinder their progress in winning U.S. market share, according to industry experts. Musk's comments coincide with the U.S.

Reserve Bank of India (RBI) is evaluating tokenising assets such as government bonds and customer deposits to expand the usage of its digital currency, two bankers aware of the developments told ET. Investors would be able to purchase government securities and other bonds using digital currency in their wallets.

Mint explores the Centre’s options to keep infra investment going. In the 2016-17 budget, the Centre allocated just ₹2.47 trillion for infrastructure. In 2023-24, this had quadrupled to ₹10 trillion.

New Delhi: A 15-member team from the European Union (EU) will travel to New Delhi on 19 February for a week of deliberations on a free trade agreement (FTA) with India, two people aware of the matter said. The upcoming seventh round of negotiations is expected to centre on services and investments, building on earlier talks that covered goods and public procurement. Key issues include India’s trade disputes at the World Trade Organization regarding products like mobile phones and components, as well as integrated circuits and optical instruments, said one of the persons cited above, requesting anonymity.

Narendra Modi's address to first-time voters on the occasion of National Voters Day across the state. He said the broadcast was impeded despite having “valid permissions". Malviya shared a video clip on social media, purportedly showing the police stopping the screening of PM Modi's live interaction with first-time voters in North Kolkata.

NATO defence chiefs' meeting drew to a close, NATO Military Committee Chairman Admiral Robert Bauer outlined the steps he believed households within the alliance should already be taking in the event of war. «You need to have water, you need to have a radio on batteries and you need to have a flashlight on batteries to make sure that you can survive the first 36 hours,» he said, adding that in any major conflict member nations might need to introduce conscription to keep their militaries in the fight. The shifting «tectonic plates of power», he warned, were producing the most dangerous world in decades – and risks that could only be tackled by the private sector, industry and governments together to deliver greater resilience. «We need public and private actors to change their mindset from an era in which everything was plannable, foreseeable, controllable, focused on efficiency… to an era in which anything can happen at any time,» Bauer said. «An era in which we need to expect the unexpected.» Alongside what now appears to be an ongoing U.S.-UK military campaign in Yemen, the first weeks of 2024 have brought a much greater focus on the mounting risk of war in both Europe and the Pacific – as well as an awareness that the U.S.

Money is a stressful topic for many of us. It stems from our upbringing, personal experiences, values, and beliefs. Money can send you on a guilt trip at times.

Ranjan Pai, chairman of Manipal Education and Medical Group, is set to emerge as the largest shareholder in Byju’s-owned Aakash Institute, with a 40% stake, people aware of the matter said. The Aakash board has approved the conversion into equity of the $300 million Pai invested during 2023, they added. This values the company — one of the remaining valuable assets for Byju Raveendran’s troubled edtech group — at around $700 million and renders it debt-free.

NEW DELHI, MUMBAI : India’s free trade talks with the UK and European Union (EU) may skip the vexed carbon tax matter in an attempt to fast-track the trade deals, three people aware of the matter said. The absence of any agreement on the carbon border adjustment mechanism (CBAM) casts a cloud over Indian steel exports to the region, as it would raise the cost of exports and eat into profits. India is negotiating separate free trade agreements (FTAs) with the UK and EU.

Ford is recalling nearly 1.9 million Explorer SUVs in the U.S. because a trim piece can fly off and create a hazard for other drivers