Bill Financial News

Shiv Sena MP Naresh Mhaske criticised Shiv Sena (UBT) Chief Uddhav Thackeray for his opposition to the Waqf (Amendment) Bill, stating that Thackeray «is indebted to Muslims for their overwhelming support.» In a video released by the Shiv Sena on Friday, the Lok Sabha member from Thane said, «To oblige them (Muslims), he has decided to oppose the bill and has additionally termed the Ram Janmabhoomi temple land development a scam.» Mhaske further expressed disappointment, stating that they did not expect Thackeray to support the bill but accused him of betraying the principles and vision of Balasaheb Thackeray.

Kamala Harris announced a sweeping set of economic proposals on Friday meant to cut taxes and lower the cost of groceries, housing and other essentials for many Americans. «Look, the bills add up,» she declared, trying to address the financial concerns that are at the top of voters' minds and that Republican Donald Trump is attempting to blame on her. During a speech in the battleground state of North Carolina, Harris said that «building up the middle class will be a defining goal of my presidency» as she promoted her plan for a federal ban on price gouging by food producers and grocers. She also proposed $25,000 in down payment assistance for certain first-time homebuyers and tax incentives for builders of starter homes.

California Gov. Gavin Newsom has signed a bipartisan package of 10 bills to crack down on retail theft

In Pershing Square Holding's (PSH) interim results published on Thursday (15 August), he said that since pulling the offer, the trust's discount has widened, after «substantially» narrowing during the IPO offer period. Although he did not provide any further details on the plans to revamp the US IPO, Ackman said the team is «limited in what we can share about these plans due to regulatory reasons», but will keep shareholders informed about the number of «strategic initiatives». Ackman's US IPO withdrawal casts doubt on lower performance fees for Pershing Square Holdings The launch ...

Raksha Bandhan gift ideas from Amazon:The Echo Dot (5th Gen) comes equipped with motion detection and a temperature sensor, which add convenience by automatically controlling compatible lights, adjusting the AC based on outside temperature, and more. Alexa can also assist your sibling with reminders, alarms, voice-activated bill payments, and many other tasks. You can find it on Amazon.in for ₹4,949.This combo is a great place to begin.

Franklin Templeton Mutual Fund announced the launch of Franklin India Ultra Short Duration Fund, an open ended ultra-short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between three months and six months with a fund with relatively low interest rate risk and moderate credit risk. The new fund offer or NFO of the scheme will open for subscription on August 19 and will close on August 28 during which units will be available at Rs 10 per unit. The scheme will reopen for continuous sale and repurchase on August 30. The fund shall invest in debt and money market instruments like non-convertible debentures, bonds, certificates of deposits, commercial papers, treasury bills and government securities such that the Macaulay duration of the portfolio is between 3 months and 6 months.

Rajasthan will undertake land reforms to improve its availability for green field manufacturing units, state Principal Secretary (Industries), Ajitabh Sharma told ET. Sharma said the state had received fresh proposals for renewable energy equipment and petrochemical manufacturing and investment commitments of over Rs 5.2 lakh crore ahead of the Rising Rajasthan Investment Summit. “We are coming out with policies for supporting the development of private industrial parks,” he said, adding that the state is now readying a Private Land Aggregation bill.

Taking Odisha's dues into account, the total arrears for mineral-rich states since 2005 are expected to exceed the industry estimate of Rs 1.5 lakh crore. This figure includes financial impacts for both public sector undertakings, estimated at Rs 70,000 crore, and private industries. Starting in April 2026, Odisha will receive these pending dues in installments spread over 12 years. Additionally, the state will collect an annual tax of approximately Rs 12,000 crore under the Orissa Rural Infrastructure and Socio-Economic Development (ORISED) Act, 2004, according to government sources. Odisha enacted the ORISED Act in February 2005, but it was struck down by the Odisha High Court later that same year. However, the Supreme Court's recent verdict overturned the High Court's decision. This law permits Odisha to levy up to 20% of the annual value of mineral-bearing land. Tata Steel, in a July 31 exchange filing, disclosed that it would owe Rs 17,300 crore in mineral tax to Odisha under the Supreme Court's ruling.

Bill Ackman’s Pershing Square Capital Management LP built a stake in Canadian investment management giant Brookfield Corporation during the second quarter of 2024, a U.S. regulatory filing released Wednesday showed.  

Apparently more and more financial advisors are turning up the juice.

Estate planning software company Vanilla has closed a new funding round to expand its platform and accelerate adoption among financial advisors.

Modi government on Independence Day by alleging that the ruling establishment was promoting divisive thinking and turning constitutional and institutional offices into «puppets», and said the Opposition was committed to protecting the Constitution. On Prime Minister Narendra Modi pitching for a Uniform Civil Code (UCC), Congress spokespeople said Modi terming the Hindu Code Bill as a «communal code» was like insulting Ambedkar's Constitution. They, however, skirted Ambedkar's advocacy for a UCC across communities and his pronouncements against the amendments brought in the Constituent Assembly to block application of the UCC in the Muslim community, thus limiting it as the Hindu Code. In his address at AICC's Independence Day function, Kharge also questioned RSS and Sangh Parivar's contribution to the freedom movement. «Instead of walking the path shown by them (freedom fighters), the rulers of today are encouraging divisive thinking. They mark 'Vibhajan Vibhishika Smriti Diwas' (Partition Horrors Remembrance Day) with the intention of spreading hatred. Those who did not participate in the Independence movement give advice to the Congress party and without any contribution want to get counted among the martyrs,» he said.

Climate activists have staged protests at several German airports, forcing a temporary halt to flights at some of them in the latest of a string of similar demonstrations

A federal judge has indicated he will order major changes in Google’s Android app store

Principal Asset Management chief global strategist Seema Shah analyzes the labor market and discusses the risk of recession on 'Making Money.'

California bill that could impose restrictions on artificial intelligence has tech companies, investors and activists scrambling to explain what the first-of-its-kind legislation could mean for their industry in the state. The bill is still winding its way through the state capital in Sacramento. It is expected to reach the California state assembly appropriations committee on Thursday before facing a vote by the full assembly. If signed into law by Gov. Gavin Newsom, the bill would require companies to test the safety of powerful AI technologies before releasing them to the public. It would also allow California's attorney general to sue companies if their technologies cause serious harm, such as mass property damage or human casualties.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Donald Trump will have an opportunity to recalibrate his presidential comeback bid with a rally and speech in North Carolina that his campaign is billing as a significant economic address

Montana Republican Gov. Greg Gianforte reported more than $23 million in income over four years ending in 2022 as the former technology executive seeks reelection to a second term

The energy company at the center of a $60 million bribery scheme in Ohio will pay $20 million and avoid criminal charges as part of a deal with state prosecutors to resolve its role in the scandal

MIB) to hold an open and transparent consultation process before it comes out with a fresh draft of the Broadcast Services Regulation Bill. The MIB has faced criticism for the opaque manner in which it circulated the second draft of the Broadcast Bill with certain stakeholders at the end July. The first draft of the bill, which was released in November 2023, was put up for public consultation; however, the comments were not made public. «We expect the MIB to hold a transparent consultation process and take the views of all the stakeholders, including bodies like the Editors Guild of India, before coming out with the fresh draft,» said Anant Nath, the president of the non-profit organisation of journalists.