BLOCK Financial News

Transurban has been blocked for the first time ever by regulators from acquiring a toll road in Australia, with the competition watchdog ruling that it cannot proceed with a bid for Melbourne’s EastLink tollroad.

Vietnam has detained the director of a think tank that works on energy issues in the country

Rafael Nadal's last Grand Slam win came at the French Open in 2022, but with Novak Djokovic having overtaken his impressive haul of most major titles in men's tennis, the Spaniard conceded the Serbian is the best player in history. Djokovic's recent win at the U.S. Open, his third Grand Slam title this year, took his tally to 24 Grand Slams, two ahead of Nadal's total. «I believe that numbers are numbers and statistics are statistics.

MUMBAI : Byju’s has named Arjun Mohan as the chief executive officer (CEO) of its India operations, succeeding Mrinal Mohit, a founding employee of the Bengaluru-based edtech startup. Mohan assumes the role at a time when the embattled online tutor is trying to monetize non-core assets to repay loans. The group has put two of its businesses—reading platform Epic and higher education platform Great Learning—on the block to pay off a $1.2 billion loan raised in November 2021.

The looming selldown at Queensland Airports Limited – which owns airports at Gold Coast, Townsville, Mount Isa and Longreach – is about to get much larger. Street Talk understands Macquarie’s The Infrastructure Fund is considering parting with its entire 40 per cent stake in the business instead of the 10 per cent it originally put up for sale.

MUMBAI : Liquidity deficit in the banking system widened to ₹1.46 trillion on Monday, the most in over four years, on account of advance tax outflows and goods and services tax (GST) collection. This is the highest single day shortfall since 23 April, 2019. Banks’ borrowing from the Reserve Bank of India (RBI) through the marginal standing facility (MSF) window also stood higher ₹ 1.97 trillion.

village protection volunteers’. During the bandh there were some minor incidents reported from the valley districts, no major incidents happened relating to the shutdown. The bandh started on Tuesday.

Crypto Exchange Bullish, in its strategic pursuit for international expansion, has taken a significant step in applying for a license in Hong Kong, a move that could potentially shape the future of cryptocurrency trading. Digital asset exchange Bullish has a registered office in Gibraltar and has a global presence. Bullish intends to navigate the cryptocurrency market's complex regulatory landscape. 

Wednesday, September 20th, 2023 – The Bitcoin price is recovering as summer ends, traders return to their desks, and new cryptocurrency Bitcoin BSC passes the $3.4 million mark in its quest to create ‘Bitcoin on the BNB Smart Chain’.

Options traders are seeking protection from higher interest rates ahead of Wednesday’s Federal Reserve policy decision. 

Nagorno-Karabakh early Wednesday, a day after Azerbaijani forces used heavy artillery fire on Armenian positions in the separatist region that local officials said killed or wounded scores of people. Azerbaijan has called the artillery fire an «anti-terrorist operation» and said it will continue until the separatist government of Nagorno-Karabakh dismantles itself and «illegal Armenian military formations» surrender. It said it is only targeting military sites, but significant damage was visible on the streets of the regional capital, Stepanakert, with shop windows blown out and vehicles punctured apparently by shrapnel. The blasts reverberated around Stepanakert every few minutes on Wednesday morning, with some explosions in the distance and others closer to the city. The artillery fire raised concerns that a full-scale war in the region could resume between Azerbaijan and Armenia, which for more than three decades have been locked in a struggle over the mountainous territory of Nagorno-Karabakh.

start-ups. However, big tech or companies like Google, Meta, Apple and others that would already be complying with global data protection or privacy laws such as the GDPR, would be expected to comply at the earliest. “They would have to make a strong case why they need more time for transition.

SJVN share price rallied over 9% to hit a fresh 52-week high on Wednesday after the company signed a Memorandum of Understanding (MoU) with Power Finance Corporation (PFC) for financial assistance for projects. SJVN shares jumped as much as 9.31% to a 52-week high of ₹83.69 apiece on the BSE. The state-run hydroelectric power generation and transmission company SJVN said that it signed MoU with PFC for financial assistance to various diversified portfolio of projects including majorly Renewable Energy projects and thermal generation projects to be set up.

By Dharamraj Dhutia

Reliance Industries (RIL) share price fell over 2.5% on Wednesday's trade Following news of a significant block deal after market opening. According to news report of CNBC-TV18, about 2 crore shares, or 0.3% of the company, were traded in the block deal, and ₹4,512 crore change hands in block deal window. Reliance Industries share price today opened at ₹2,422.95 apiece on BSE.

Lloyd Austin urged allied defense leaders Tuesday to «dig deep» and provide more air defense systems for Ukraine to help it block increasing barrages of Russian missiles, even as debate grows in Congress over aid to Kyiv. But while the allies said they will discuss how they can best help Ukraine's counteroffensive in the coming winter months, they appeared no closer to commitments on the longer-range missiles that Kyiv's leaders insist they need as they struggle to retake land gained by Russia earlier in the conflict. «Air defense is saving lives,» Austin said. «I urged allies and partners to dig deep and donate whatever air defense munitions they can as Ukraine heads into another winter of war.» Speaking at the close of the meeting of the Ukraine Defense Contact Group at Ramstein Air Base in Germany, Austin said allies have done a «credible job» of getting some air defenses to the war, «but there's much more work to be done.

UBS might have put more and more people Credit Suisse people on the chopping block, but that doesn’t mean there isn’t room for fresh faces in the right departments. New people are joining just fine.

Delhi Master Plan 2041, which is still awaiting the final government clearance, is anticipated to generate economic opportunities totalling $100 billion in the next two decades, as per an analysis by a think tank. The Delhi Master Plan is expected to unlock real estate opportunities in 165 Delhi villages, potentially raising Delhi's per capita income to ₹4 lakh, as per the analysis by think tank Delhi Consortium. This represents a 47% increase from the ₹2.72 lakh per capita income reported in the 2022-23 Economic Survey of Delhi. «There is an urgent need for approval of Delhi Master Plan 2041, as the Delhi Land Reforms Act 1954 is the biggest impediment to the planned development of Delhi.

Dhanlaxmi Bank was planning a dramatic exit from the board of the Kerala-based lender, another story was unfolding. The bank's largest shareholder had initiated a special resolution to remove the same director from the board a few days before he raised strong accusations against other directors in a letter addressed to the board, which was filed with stock exchanges. In his letter addressed to the board, the largest shareholder, B Ravindran Pillai, proposed «removal of Mr Sridhar Kalyanasundaram from the board of directors», said two people aware of the development at the bank. Pillai proposed a special resolution at the annual general meeting scheduled on September 30 to remove Kalyanasundaram. Pillai holds a 9.99% stake in the old-generation private bank. The bank's managing director and CEO JK Shivan declined to comment on the matter.

Constituent AssemblyIdea of equality was ingrained in the women of newly independent India. The Constituent Assembly debates reflect women were opposed to women’s reservation.

Ukraine is filing a complaint at the World Trade Organization against Hungary, Poland and Slovakia after they banned grain and other food products coming from the war-torn country