Aware Financial News

Election Commission has asked political parties not to use derogatory words for persons with disabilities in public discourse, saying usage of such semantics in speech by politicians and candidates can be interpreted as an affront to such people. In an advisory issued to parties on Wednesday, the poll panel said the very foundation of democracy lies in representation of all communities in the electoral process. «Of late, the Commission has been made aware of use of derogatory or offensive language in the political discourse about people with disabilities (PwDs).

General Atlantic is set to acquire about 70% stake in Ujala Cygnus Healthcare Services, the Delhi based multi-specialty hospital chain owned by media group Amar Ujala, said multiple people aware of the development. The deal will value the chain at about Rs1600 crore. GA will acquire about 51% stake held by existing investors — Eight Roads Ventures India, Evolvence India Fund and Somerset Indus Healthcare Fund.

Upscale ice cream lounges, organic line in works: Amul "We notice in the post that the pack has been developed using AI and is using the Amul brand name poorly and is disparaging. We wish to assure you that the pack shown in this post is not Amul Cheese," it added. "This post has been used to create misinformation and spread unnecessary fear and concern among consumers.

The government is of the view that to achieve the vision of Insurance for All, more concentrated steps need to be taken to drive health insurance penetration and keep it affordable. According to a recent report by the National Insurance Agency, over 400 million individuals, or about a third of the population, lack health insurance due to lower penetration, coverage inadequacy and rising healthcare costs. «There are various challenges and opportunities, such as standardisation of treatment costs and settling health claims, that can be addressed by a sectoral regulator in the health insurance segment,» said one of the officials aware of the developments. Another official said that the Department of Health and Family Welfare under the Ministry of Health is now expected to call a meeting of all stakeholders, including insurance companies, to thrash out a detailed plan and the role of a possible health regulator. «A health regulator can further broaden the scope of the national Health Claims Exchange and can be entrusted with more powers to function like an industry watchdog,» said another official, clarifying that some of these are preliminary suggestions. In January 2019, the government had reconstituted the National Health Agency as the National Health Authority (NHA), responsible for implementing India's flagship public health insurance/assurance scheme Ayushman Bharat. The Insurance Regulatory and Development Authority of India (IRDAI) regulates insurers that provide health cover among other products.

middle-class asset owners have begun writing their wills in late 30s or early 40s — an age bracket that doesn't necessarily spring to mind when one considers estate planning across generations. Successful individuals in this age bracket are increasingly seeking expertise and advice from lawyers and wealth management firms. The trend that began with the pandemic has now gained traction, with young professionals attaching as much importance to estate planning as they are to wealth creation. Mumbai-based virtual will writing and advisory firm, WillJini, has received about 7,000 queries in the last six months.

Voice clones or deepfakes have emerged as the latest tool for cyber scammers, they said, as artificial intelligence (AI)-related scams are being increasingly reported from different parts of the country.

Hardware wallet provider Ledger has announced its intention to reimburse victims for the approximately $600,000 in assets lost due to the recent ConnectKit exploit.

Zee Entertainment Enterprises Ltd have chosen to give themselves some more time, two persons directly aware of the matter said. The development comes after Sony and Zee failed to find common ground despite protracted discussions, securing regulatory approvals, and spending over ₹300 crore in merger-related expenses. An agreement between Sony’s India business (Culver Max Entertainment Pvt.

MUMBAI : The Reserve Bank of India’s new rule barring banks and non-banks from investing in alternative investment funds (AIFs) having downstream investments in debtor funds is impractical, risking a freeze on the AIF industry, said investors. According to RBI, debtor firms are those which have either borrowed or received investments from the same banks or NBFCs in the past 12 months. Investors believe ₹20,000-40,000 crore of assets under management will be affected if the banks and non-banks have to unwind their investments in 30 days or make 100% provisioning.

Kalpataru group company has raised ₹525 crore debt facilities from PAG, a global alternative investment firm, for a term of 3.5 years to complete the construction of its 10 residential towers in Mumbai suburb, said people aware of the development. Asia Pragati Strategic Investment Fund, managed by PAG, provided the debt facilities in two tranches in the form of non-convertible debentures (NCD). The funds were raised at an internal rate of return (IRR) of 18.75%, the people said. PAG provided debt facilities to Alder Residency, a wholly owned subsidiary of Abhiruchi Orchards, a wholly owned company of Kalpataru. PAG Asia and Kalpataru did not comment. In November, Asia Pragati Strategic Investment Fund invested ₹475 crore in secured unlisted bonds and another ₹49 crore in secured listed bonds.

Tata Motors, India's third largest passenger vehicle maker, expects next year — both calendar and fiscal — to be the best on record in terms of sales volume for the company’s passenger vehicles business, driven by the new models it plans to launch with electrical and conventional powertrains. In addition to launching the electrified versions of the Harrier and Punch, it plans to bring the Curvv SUV. The Curvv will be the automaker’s first new brand in three years, as the Tata Group automotive flagship seeks to cement its position in the world’s third largest market. “We expect the next year to be much more promising as we completely revamp our portfolio with addition of two to three new models which will include facelifts and a new nameplate in the ICE (internal combustion engine) segment,” Shailesh Chandra, managing director at Tata Passenger Vehicle and Tata Passenger Electric Mobility, told ET. On whether the frequent product actions can make the year a record one for the PV business, he said, “That’s the aspiration.” Steering clear of making any projections on numbers, he said the company’s growth will be faster than the industry. People aware of the firm’s internal targets said Tata Motors is looking to grow sales by 10% in 2024.

reported Business Line. At the same time, investors’ confidence in debt mutual funds was shaken by credit incidents and increases in key bank rates during the same period. Debt AUM of mutual funds at ₹13.58 lakh crore accounted for 7 per cent of bank deposits, which stood at ₹200.84 lakh crore as of November­-end.

A quasi-independent review board has ruled that Facebook parent company Meta should overturn two decisions it made this fall to remove posts “informing the world about human suffering on both sides” of the Israel-Hamas war

HCLTech said on Wednesday that one of its isolated cloud environments was subject to a ransomware attack and the company is investigating the matter. “This is to inform you that HCLTech has become aware of a ransomware incident in an isolated cloud environment for one of its projects. There has been no impact observed due to this incident on the overall HCLTech network,” the Noida-based company said in an exchange filing on Wednesday.

financial planning, one needs to set a goal, an objective, a direction or an aspiration. Historically, when an investor starts making a financial plan, they usually follow one of the two schools of thought – goal-based investing or age-based investing. But when one starts financial planning the most important concept is asset allocation, which simply means how much money one needs to park in which asset.

Parliament on December 19 indicates a significant surge of 28 percent in unclaimed deposits held by banks, reaching a total of ₹42,270 crore as of March 2023. Compared to the preceding financial year of FY22, where the unclaimed deposits with both public and private sector banks stood at ₹32,934 crore, the current figure represents a noteworthy increase to ₹42,272 crore by the end of March 2023, marking a 28 percent rise.

merger still hangs in the balance. Sony Pictures Networks India (SPNI) Tuesday said it hasn't yet decided on extending the Thursday, December 21, deadline to complete the merger with Zee Entertainment Enterprises Ltd (ZEEL).

Elon Musk will now square off in the emerging satellite broadband segment in India. The three are preparing commercial launches following the government’s decision to allocate spectrum administratively and putting it in the new telecom bill. Bharti Group-backed OneWeb, Reliance’s Jio Satellite Communications and Musk’s Starlink would be the key companies in the space, having received global mobile personal communication by satellite (GMPCS) licences.

Asiatic black bear cub was successfully rehabilitated and released back into the wild by the Department of Environment and Forest Arunachal Pradesh, Wildlife Trust of India (WTI) and the International Fund for Animal Welfare (IFAW). The bear was radio-collared and released in Pakke Wildlife Sanctuary and Tiger Reserve. A male Asiatic black bear cub was rescued by the Sagalee Social Forestry Department earlier this year and despite attempts to find its mother, she could not be located. As the cub was too young to survive on its own in the wild, it was admitted to the Centre for Bear Rehabilitation and Conservation (CBRC) in Pakke for nursing and care. Jointly run by the Wildlife Trust of India (WTI), the International Fund for Animal Welfare (IFAW) and the Department of Environment and Forest Arunachal Pradesh, CBRC is the only facility in India, dedicated to hand-raising and rehabilitating bear cubs. After months of care and specialized rehabilitation provided by the dedicated team of veterinarians and keepers at the centre, the cub underwent a soft-release procedure.

general elections..," people aware of the matter were quoted as saying by ET. FirstCry is poised to become the second Indian vertical e-commerce platform to undergo an initial public offering (IPO), following Nykaa's IPO in 2021.

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