BLOCK Financial News

Consumers may face disruptions in getting service and transactional messages from banks, financial institutions and ecommerce firms on their mobile phones from next month following a telecom regulator move aimed at curbing spam, specifically phishing attempts. The Telecom Regulatory Authority of India (Trai) has asked telcos to stop transmitting messages containing URLs, OTT links, APKs (Android application packages) or call-back numbers that are not whitelisted--or registered with telcos--by senders from September 1. The regulator's ultimatum means banks, financial institutions and online platforms must get their templates and content registered with operators by the August 31 deadline, failing which messages containing these elements will be blocked.

PIB Fact Check team confirmed that these SMS messages are completely fraudulent. They emphasized that India Post does not send such notifications regarding PAN card updates and urged the public to stay vigilant against such deceptive practices.The typical fraudulent message might read something like this: "Dear user, your India Post Payments Bank account has been blocked today.

MVA called for a bandh in the state in the wake of Badlapur sexual abuse case, the Bombay High Court on Friday restrained any political party or person from calling the shutdown. The Maharashtra Bandh was called for August 24 by Maha Vikas Aghadi's (MVA) Uddhav Thackeray, following the alleged sexual assault on two young girls at a school in Badlapur, a city in Thane district. The incident has caused significant outrage in the area. Following the announcement, there was no notification issued regarding the closure of schools and colleges. However, institutions that typically close on Saturdays will remain shut.

Shares of Tata Technologies today surged 4.5% to its day’s high of Rs 1,054 on BSE after the company reportedly saw a block deal worth Rs 1,218 crore, representing 2.9% of the company's total equity. Nearly 1.2 crore shares changed hands at an average price of Rs 1,019.8 per share, according to reports.

Zomato-Paytm ticketing deal appetizing for both The alumina market faces significant scarcity, with July prices hovering at 22% of London Metal Exchange (LME) aluminium price, well above the normal range of 14-17%. “We remain positive on Nalco in view of the firm alumina price outlook, integrated business model, and attractive dividend yield," analysts at Antique Stock Broking said in a research report. The report projected that Nalco’s Ebitda margin would expand from 21.8% in FY24 to 30.7% in FY26.

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

Ambuja Cements in a pre-market block deal valued at around Rs 4,200 crore. The cement stock, which is up about 22% so far in the year, jumped 4% to the day's high of Rs 659.70 in the opening session following the large deal.

Ambuja Cements, Nykaa, Adani Power, Bharti Airtel, Wipro among others will be in focus due to various news developments. Ambuja Cements The Adani Group is likely to sell a 2.84% stake in Ambuja Cements on Friday through a block deal to raise around Rs 4,200 crore, ET reported.

The BSE Sensex was trading 42 points, or 0.05%, lower at 81,009. The Nifty50 was down 7 points, or 0.03%, trading at 24,803 around 9:19 am.

Adani Group is likely to sell a 2.84% stake in Ambuja Cements on Friday through a block deal to raise around ₹4,200 crore. According to a term sheet issued by the banker, Holderind Investments, an Adani Group entity, will sell 69.96 million shares at a floor price of ₹600 per share. The floor price represents a 5% discount to Thursday's closing price of ₹633. Shares of Ambuja Cements have rallied 18% so far this year, compared to a 12% gain in the Sensex.

Adani Group's promoters are looking to sell shares worth ₹30,000 crore ($3.6 billion) over the next nine months as they look to rebalance their portfolio in listed companies that's currently worth about $126 billion. The promoters will pare stakes in some listed firms while increasing them in others, according to people with knowledge of the matter. The final aim of this rebalancing exercise is to hold 64-68% stake across firms. The stake sale will begin with Ambuja Cement and Adani Power while the holding will be increased in Adani Green Energy.

₹54,721 crore in FY25, about 9% higher than ₹50,118 crore target in FY24. About ₹45,000 crore is expected to come from the auction of commercial mines.

Harindarpal Singh Banga and wife Indra Banga are likely to sell a 1.4% stake worth Rs 809 crore on Friday through block deals. According to the term sheet issued by the bankers, the Bangas plan to sell 4.09 crore shares at a floor price of Rs 198 apiece, which represents a 5.9% discount to Thursday’s closing price of Rs 210. Harindarpal was an early investor in Indian billionaire Falguni Nayar’s fashion giant Nykaa and held a 6.4% stake. He founded The Caravel Group, a global conglomerate primarily engaged in resources trading, maritime services, and asset management.

Canada’s two biggest railways, accounting for almost 80 per cent of the national network, shut down early Thursday after talks with a union failed, immediately blocking arteries of North American supply chains that carry about $1 billion per day in trade.

Raveendran, the embattled founder of Byju's, appeared close to settling his company's payment dispute of Rs 158 crore with the Indian cricket board after approval by the National Company Law Appellate Tribunal (NCLAT). However, on August 14, theSupreme Court intervened by staying the NCLAT order that had approved the settlement agreement between Think & Learn Pvt Ltd--Byju's parent company--and the Board of Control for Cricket in India (BCCI), adding to the woes of the troubled edtech firm. On Thursday, the apex court rejected pleas by Byju's and BCCI to halt a meeting of the Committee of Creditors (CoC) in its ongoing insolvency case. The court will hear the matter next on August 27.

debit and credit cards–is no longer required to validate tokenised card payments, the bank said. Card tokenisation happens when cardholders save their cards online on e-commerce sites or mobile apps. Customers save their cards on apps or sites where they transact frequently to avoid typing out the full details of the card each time they make a payment.

Also read: Wall Street today: US stocks mixed, Fed minutes & Jackson Hole in focus We calculate that ATI has so far reduced coupon issuance by more than $800 billion, delivering a degree of stimulus similar to that of a 100-basis-point reduction in the Fed’s policy rate. Put another way, the Treasury has effectively offset all the Fed’s 2023 interest-rate hikes. Not only that, but the ATI has been supplemented with forward guidance, indicating that it will persist for another few quarters, to the other side of this year’s US election.

Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, Business2Community, and...

A federal judge in Texas has blocked a new rule from the Federal Trade Commission that would have made it easier for employees to quit a job and work for a competitor

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

Supreme Court ruling on SC/ST reservations. The Reservation Bachao Sangharsh Samiti announced the Bharat Bandh as a mark of protest against the SC's ruling on SC/ST reservations. The Patna Police baton charged the people protesting in support of a day-long 'Bharat Bandh' on Wednesday against the SC's recent judgement. An atmosphere similar to lockdown is also being seen in Rajasthan's Bikaner district. The people from the SC/ST community are monitoring by forming groups to make the shutdown successful. The police administration is also keeping a close watch on the area with full alertness so that no unusual incident takes place. The SC/ST people took out a procession from Kote Gate to the collector's office.