Bill Financial News

By Leika Kihara

Shareholders in lithium hopeful Essential Metals, backed by Rich Lister Chris Ellison, have voted to merge with an established copper miner as Australia’s tycoons vie for control of the country’s battery metal assets.

Investors and Federal Reserve officials scrambling to make sense of surging U.S. Treasury yields have a new obsession: a number that exists only in theory. Known as the term premium, the number is typically defined as the component of Treasury yields that reflects everything other than investors’ baseline expectations for short-term interest rates set by the Federal Reserve.

UPI payments have grown by leaps and bounds in the last few years. But paying with a bank account does not have any benefits for credit card enthusiasts. This has changed now as RBI and NPCI have enabled Rupay credit cards for UPI payments. Soon, we will be able to use Rupay credit cards for UPI QR codes. 

Major shareholder Bruce Mathieson Group has signalled its intention to support the election of Rod van Onselen to the Endeavour board, Street Talk understands.

Sony Group Corp's India unit and Zee Entertainment Enterprises Limited (ZEEL) expect to close the pending merger deal — billed as one of the biggest in the country's media industry — as early as next month, multiple people familiar with the progress of the proposed transaction told ET. One of the sources said that despite financial institutions and lenders such as Axis Finance and IDBI having appealed the National Company Law Tribunal's (NCLT) decision approving the merger scheme before the National Company Law Appellate Tribunal (NCLAT), the union could still happen by as early as the first half of November. Another source said the Boston Consulting Group (BCG), which was tasked with completing the integration process, is working overtime to complete the responsibilities associated with the merger. «Our aim is to finish the merger by early November. The teams on both sides are working incredibly hard to finish the merger-related formalities,» said a senior official, who declined to be named. Legal & regulatory formalities Corroborating this information, another source said that the merger is nearing completion, even as a media report suggested that Tokyo-based Sony Group Corp has held exploratory talks with Walt Disney to acquire its India assets due to the delay in completing the merger deal with ZEEL. «While we are targeting to conclude the merger early next month, there is always a possibility of a delay considering the legal and regulatory formalities that are involved,» said the second executive cited above. Both Sony and Zee declined to comment.

Biden may consider a supplemental request of about $100 billion that would include defense aid for Israel, Ukraine and Taiwan, multiple sources familiar with the request told Reuters on Tuesday. Biden has been widely expected to ask Congress to pass a supplemental spending bill within days, as Washington responds to the deadly Oct. 7 attack on Israel by Hamas militants while looking to continue to support Ukraine as it grapples with a Russian invasion. The news broke as Biden prepared to depart for Tel Aviv and Amman to show support for Israel and also to meet leaders of Jordan and Egypt on the Gaza humanitarian crisis U.S.

The Wisconsin state Assembly is set to approve a plan to spend more than half a billion dollars to help cover repairs at the Milwaukee Brewers' stadium

MUMBAI : Jio Financial Services Ltd on Monday unveiled its long-term strategy to position itself as a full-fledged financial services company by diversifying into secured loan products, including home and auto loans. In its half yearly results presentation to analysts, the firm said it has launched personal loans for the salaried and self-employed in Mumbai, besides consumer durable loans across 300 stores in India. The services are available on the MyJio app, it added.

Two months after Alinta Energy hived off its Pilbara power generation assets to APA Group for $1.7 billion, its executives have dug up another carve-out candidate – this time from their back office.

The Indianapolis Motor Speedway Museum just got $20 million to build a high-tech classroom for visiting students. The source: weight-loss drug wealth. Two nonprofit foundations are large shareholders of Eli Lilly and Novo Nordisk, the companies selling the drugs Ozempic, Wegovy and Mounjaro popularly used to reduce weight.

BEIJING (Reuters) -China has told state-owned banks to roll over existing local government debt with longer-term loans at lower interest rates, two sources with knowledge of the matter said, as part of Beijing's efforts to reduce debt risks in a faltering economy.

Renowned American business journalist, Jean Chatzky, once said, “If you default on an unsecured debt, you won’t lose anything (except points on your credit score).”

Jio Financial Services (JFS) plans to launch auto, home loans and other products, as the billionaire Mukesh Ambani-backed company seeks to establish itself as a full-service financial services firm in a rapidly growing market. Despite strong growth, penetration of financial investment products in India is low relative to the size of the economy. Ambani is looking to tap into this market after similar disruptive forays into the telecom and retail sectors. JFS has already launched personal loans for salaried and self-employed individuals in the financial capital of Mumbai and consumer durable loans across 300 stores in India, it said in a presentation to analysts late on Monday, offering a first glimpse into operational details that had largely been vague at the time of its listing in August. It will now also launch business and merchant loans for self-employed individuals, it said. The company's insurance broking arm has also partnered with 24 insurance companies, while its payments bank division, which relaunched savings account and bill payment services, plans to launch debit cards.

Proxy firm Ownership Matters told clients to vote against the election of Bruce Mathieson jnr and proposed director Bill Wavish to the Endeavour Group board.

MA Moelis Australia has added a new face to its corporate advisory lineup.

late filing penalties, according to the International Revenue Services (IRS). However, some filers in disaster areas may have additional time. Here’s what you need to know and do if you missed the deadline.

California Governor Gavin Newsom approved a crypto licensing bill that is set to enforce a structural framework for businesses conducting operations in the crypto industry and is set to take effect in July 2025. 

Vocus Group, owned by Macquarie and Aware Super, has kicked off talks to put together a debt syndicate for its $6.3 billion bid to carve out ASX-listed TPG Telecom’s fibre assets.

₹5.99 crore for the first quarter ended June 30 of fiscal year 2024. In the same quarter last fiscal, the company had reported a net profit at ₹5.83 crore. In an exchange filing, Yatra Online said that its revenue from operations in the first quarter rose at ₹110.17 crore as compared to ₹88.96 crore in the year ago period.

Treasury yields edged higher on Monday as investors faced increased U.S. government debt issuance while an expected Israeli ground offensive in Gaza remained imminent, keeping the bond market in a tentative mood. Israeli forces kept up their bombardment of Gaza after diplomatic efforts to arrange a ceasefire to allow foreign passport holders to leave and aid to be brought into the besieged Palestinian enclave failed. Air strikes were the heaviest yet as the conflict entered its 10th day with an Israeli ground offensive of the densely populated coastal strip believed to be close at hand. «It's certainly wait-and-see mode.