BLOCK Financial News
03.09 / 13:46
UPS
Provident
BLOCK
voice
consequences
reports
Trai's crackdown on pesky calls: Telcos block 2.75 lakh telephone numbers, 50 firms
Trai's massive crackdown against pesky calls and unregistered telmarketers. The move came after Telecom Regulatory Authority of India (Trai) asked telcos to blacklist and disconnect unregistered telemarketers. In a statement issued on Tuesday, Trai said it has observed a significant rise in spam calls, with more than 7.9 lakh complaints reported against unregistered telemarketers in the first half of 2024. In a bid to put a check on this, Trai had issued stringent directives to all access providers on 13th August 2024, and mandated access providers to immediately stop promotional voice calls from unregistered senders or telemarketers using SIP, PRI, or other telecom resources, according to the statement.
03.09 / 12:22
IPO
BLOCK
Digital
CEO
Trade
reports
Updates
Klarna rival Zilch posts first profit and appoints ex-Aviva CEO to board ahead of IPO
British financial technology firm Zilch on Tuesday reported its first-ever month of profit, marking a key milestone for the company as it looks toward an eventual initial public offering.
03.09 / 12:21
UPS
Citi
BLOCK
Art
Action
Suits & Sayings: Opening The Floodgates
Water-themed decor can be a bit kitschy, but for one of the sharpest legal minds with a brand-new address in posh Lutyens, it was a downright furnishing tragedy. One of Delhi’s recent downpours flooded the home, destroying furniture and art worth crores, leading to angry letters and furious calls to the guardians of the capital city, spurring immediate action. Tons of sludge had to be removed and blocked drains unclogged. Last heard, a high-powered committee has been set up to take stock of the fluid situation in this VVIP borough.
03.09 / 10:51
02.09 / 19:51
02.09 / 18:16
UPS
BLOCK
Election
wellness
cover
Headlines
BJP launches membership drive, seeks to tap youth, women, aspirational sections
Prime Minister Narendra Modi urged upon them to undertake the party’s membership drive with renewed vigor and in a festive spirit. He emphasized that fresh blood in the organization should come from the youth, women and those living in tribal and aspirational blocks in the hinterland while the exercise should begin from areas where the party has done badly in the polls. BJP launched its ambitious membership drive, which includes renewal of association of those already in the party, here on Monday with organisation’s chief JP Nadda making Modi the first member through a missed call to a dedicated number. As per Article 9 of the BJP constitution, the membership has to be renewed every six years. In his speech, Modi said BJP has grown from a fledging party that faced a lot of ridicule in its initial days due to its poor strength to where it stands today. He recalled the struggles and sacrifices of generations of party workers. The journey, he underlined, has been not just ideological but emotional as well.
01.09 / 13:16
BLOCK
Platform
President
country
social
Courts
politician
On the first day without X, many Brazilians say they feel disconnected from the world
The blocking of social media platform X in Brazil has divided users and politicians over the legitimacy of the ban, and many Brazilians had difficulty and doubts about navigating other social media in its absence
31.08 / 22:33
BLOCK
Platform
President
country
social
Courts
politician
On the first day without X, many Brazilians say they feel disconnected from the world
The blocking of social media platform X in Brazil has divided users and politicians over the legitimacy of the ban, and many Brazilians had difficulty and doubts about navigating other social media in its absence
31.08 / 15:56
BLOCK
Platform
Instagram
country
social
Courts
Why Brazil’s Supreme Court blocked X and what it means for the platform
Brazil's Supreme Court has ordered the suspension of X, formerly known as Twitter, after a protracted legal battle with the social media platform's owner, Elon Musk. The Court mandated this suspension due to the company's failure to appoint a new legal representative in Brazil within the deadline set by Supreme Court Judge Alexandre de Moraes. The decision affects approximately 40 million Brazilian users who will lose access to the platform within 24 hours, making it the latest addition to the list of countries that have banned or suspended the social media service. The legal confrontation between X and Brazilian authorities began in April when Judge de Moraes ordered the suspension of multiple X accounts accused of spreading disinformation, a directive with which the company did not comply. This defiance led to the current suspension order. The judge also imposed a fine of 50,000 reais (Rs. 7.47 lakh) for any attempts to circumvent the block, such as using a VPN. In response to the decision, Elon Musk stated, «Free speech is the bedrock of democracy, and an unelected pseudo-judge in Brazil is destroying it for political purposes.»
31.08 / 03:24
BLOCK
Google
Platform
Apple
country
social
Courts
Brazil watchdog moves to block access to Elon Musk's X after court order
Brazil's telecommunications regulator said on Friday it was proceeding to suspend access to Elon Musk's X social network in the country in compliance with an order from a judge who has been locked in a months-long feud with the billionaire investor. The move followed the expiry of a court-imposed deadline for the popular social media platform to name a legal representative in Brazil. Musk has argued that Supreme Court justice Alexandre de Moraes is trying to enforce unjustified censorship, while the judge has insisted that social media needs hate speech regulations.
30.08 / 16:32
FIVE
BLOCK
President
voice
conductor
Courts
rights
Canadian rail union says it has filed lawsuits challenging back-to-work orders
The Teamsters union that represents workers at both of Canada's largest freight railroads has filed the lawsuits it promised challenging the orders that forced employees back to work and got the trains moving again
30.08 / 16:17
BLOCK
Chevron
Trade
stage
country
Latin
ONGC seeks US exemption to take over Venezuelan oilfields' operations
ONGC is seeking US exemption to get operational control of its fields in sanctions-hit Venezuela, a top executive said, adding that the Latin American country has already agreed to it in principle. ONGC has stakes in two Venezuelan oil fields — Sancristobal and Carabobo-1 — but has been unable to receive its share of income for years, first due to enduring financial troubles in the Latin American country and then the imposition of the US sanctions that blocked oil trade and payment channels. ONGC hasn’t been able to repatriate about $500 million of dividends from Venezuela. In both fields, the Venezuelan state firm PDVSA has the majority stake and controls the operation and finances of the fields even though ONGC is technically the joint operator.
30.08 / 12:09
BLOCK
Manufacturing
CEO
security
community
President
MON
Nippon Steel boosts capital commitment to US Steel plants
Nippon Steel Corp. is raising its capital commitment by more than $1 billion to spend on U.S. Steel's plants amid entrenched political and labor opposition to the Japanese company’s acquisition of the American steelmaker
30.08 / 07:37
COST
BLOCK
security
wellness
reports
Chart Beat | Coal India and ONGC: A contrasting outcome of two PSUs in Q1FY25
Coal India Ltd saw the highest consensus earnings estimates increase for FY25 in absolute terms at ₹4,800 crore. The chart alongside, sourced from an ICICI Securities report dated 24 August, has the details. On the other hand, Oil and Natural Gas Corp.
30.08 / 01:11
BLOCK
Strategy
WhatsApp
Tencent Cloud sells shares worth Rs 1,668.15 crore in PB Fintech
Tencent Cloud Europe B.V. sold shares of PB Fintech worth Rs 1,668.15 crore in a block deal on BSE on Thursday. The entity sold 97 lakh shares at Rs 1,719.75 apiece. As of June 30, Tencent Cloud Europe B.V. held a 4.26% stake in the company. Axis Mutual Fund, Mirae Asset MF, Marshall Wace Investment Strategies Eureka Fund, SBI MF and Goldman Sachs (Singapore) PTE-ODI were among some of the buyers.
29.08 / 19:53
BLOCK
Assurant
WhatsApp
reports
EU to go ahead with Russian asset plan
Ukraine from frozen Russian central bank assets regardless of issues raised by the US, the bloc's top diplomat said. A Group of Seven agreement to leverage proceeds of the blocked assets has faced delays as Washington seeks firmer assurances that the EU will be able to renew sanctions measures in the face of the opposition from Hungary. The US wants to ensure that the plan, which aims to generate $50 billion in loans for Kyiv, moves forward before seeking approval from Congress.
29.08 / 15:27
markets
Provident
BLOCK
security
Interface
wellness
Trade
Sebi proposes mandatory UPI block mechanism facility for secondary mkt trading
secondary market using the UPI-based block mechanism to their clients, similar to the ASBA facility. In the UPI block mechanism, clients can trade in the secondary market based on blocked funds in their bank accounts, instead of transferring the funds upfront to the trading member. The facility is currently optional for investors, and not mandatory for Trading Members (TMs) to offer as a service to clients.
29.08 / 06:55
markets
BLOCK
Opinion
Experts
reports
recommendations
PB Fintech shares jump over 3% after Rs 1,610 crore block deal
PB Fintech, the parent company of Policybazaar, on Thursday, jumped 3.5% on BSE to its day’s high of Rs 1,796.55 after the company witnessed a likely stake sale of 2.1% equity at an estimated price of Rs 1,610 crore via a block deal. Reportedly, the seller in the transaction is Chinese multinational technology conglomerate Tencent. However, the official parties to the transaction are not currently known yet.
29.08 / 02:02
Blockchain
Ethereum
ETH
BLOCK
security
Trade
Bitcoin
How to Keep Up With Ethereum
When many think of blockchain technology or cryptocurrency, the name that immediately comes to mind is Bitcoin. And it’s easy to see why: Bitcoin is the largest and most successful form of cryptocurrency. However, while Bitcoin is immensely successful, another form of cryptocurrency has steadily been rising in value over the past several years: Ethereum.
29.08 / 01:35
markets
UPS
BLOCK
Aviat
Airlines
WhatsApp
Gangwal to sell shares worth $804 million in IndiGo
Rakesh Gangwal, co-founder of InterGlobe Aviation, plans to sell shares worth up to $804 million in the company through a block deal on Thursday. The floor price has been set at ₹4,593 per share, reflecting a 5.5% discount to Wednesday's closing price of ₹4,859. Gangwal, along with his wife Shobha Gangwal and their family trust — who are all part of the promoter group — held nearly a 34% stake in the airline as of December last year.
29.08 / 00:42
UPS
BLOCK
Aviat
Trade
reports
International
Stocks in news: RIL, IndiGo, PB Fintech, Vedanta, Tata Steel
Nifty rose marginally to hit a fresh lifetime high of 25,052 and Sensex gained over 70 points on Wednesday. In today's trade, shares of RIL, IndiGo, PB Fintech, Vedanta, Tata Steel among others will be in focus due to various news developments. IndiGo Rakesh Gangwal, co-founder of InterGlobe Aviation, is looking to sell up to $804 million in the company through a block deal, according to reports.
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