Booking Financial News

Many parents hold financial assets in their minor child’s name. What happens when the child turns 18? As a major, the young adult is now the complete owner of the asset but to undertake any transactions in it, there are certain steps that the parent and child have to fulfill first. For instance, if your child had a minor’s bank account under your guardianship, the bank will send a notice that the account has been frozen and certain formalities have to be completed within 30 days to operate it.

Private sector life insurance firm HDFC Life Insurance was able to grow its number of policies sold by 10% in the first half of this fiscal, while the premium category below Rs 5 lakh grew around 17-18%, said managing director and chief executive officer Vibha Padalkar. In an interview with Mithun Dasgupta, Padalkar said that the insurer’s annualised premium equivalent (APE) should grow by mid-teens in the current financial year. Edited excerpts:

Hoda Kotb on NBC News, actress Jada Pinkett Smith, known for her roles in «Girls Trip» and «Magic Mike,» revealed candid details about her life and relationship with husband Will Smith. This revelation comes as part of the promotion for her upcoming book, "Worthy," set to hit the shelves on October 17. In the interview, Jada Pinkett Smith disclosed that she and Will Smith have been separated for the past seven years, even during the incident at the 2022 Oscars when Will confronted Chris Rock. She explained that they had not referred to each other as husband and wife in a long time. Despite the separation, they remain committed to each other and their family, which includes their children Jaden, Willow, and Trey. Addressing rumors about their marriage, particularly the speculation about an open marriage, Jada clarified that these were untrue. She emphasized that they love their family and each other and see their bond as a «life partnership.» Although the future remains uncertain, their current focus is on «deep healing.» The interview also touched upon the Oscars incident where Will Smith slapped Chris Rock. Jada disclosed that she couldn't witness the incident from her seat and only learned about it during the commercial break. She mentioned that neither she nor Will has spoken to Chris Rock since the incident. Furthermore, Jada Pinkett Smith addressed her affair with rapper August Alsina. She revealed that Will Smith was aware of her relationship with Alsina before the media scrutiny and her «Red Table Talk» episode on the subject. This revelation aimed to clarify that it was not a blindsiding situation for Will. FAQs:

ALSO READ: Manipur violence: CBI arrests fifth accused in abduction, killing of 2 Meitei students Senior officials said searches have been underway at around 50 locations, including Kolkata, Gangtok, Siliguri, and other locations since last evening. A senior superintendent of Passport Seva Laghu Kendras (PSLK) in Siliguri, along with a middleman, has been apprehended.

Multibager stock: PSU stocks have deliverd stellar return to its investors in last one year. While state-owned banks have taken pause in their continuous rally, some PSU stocks are still in uptrend. MMTC shares are one of them.

Also read: This state announces early salary for govt staff in this festive month In separate news, West Bengal Chief Minister Mamata Banerjee has announced a ₹5,300 Durga Puja bonus for civic volunteers of the West Bengal Police and Kolkata Police, and ASHA workers employed under the health department. Preparations for Durga Puja are in full swing in West Bengal, Assam, Tripura, and Odisha majorly.

Cherrapunji being one of the oldest. Distributed in India by Penguin Random House, the book has nine fact-packed chapters — Blue Planet, Aquatic Life, Humans, Recordology, Adventures, History, Science and Technology, Arts and Media, and Sports — and five special features: Hall of Fame, Young Achievers, Gaming, Explainers, and Bucket List. The 2024 edition is the final installment in the partnership with award-winning artist Rod Hunt. According to the publishers, completing the illustrated Guinness World Records universe, the cover artwork takes readers on a deep-sea odyssey to the bottom of the ocean.

Guinness World Records 2024 edition has just been released, featuring an impressive array of 2,638 record-breaking achievements from around the globe. Over 60 of these remarkable feats hail from India, showcasing the nation's prowess in various domains.

CBI is conducting searches at 50 locations in West Bengal and Gangtok having booked 24 persons including government officials and private individuals for allegedly issuing passports on the basis of forged documents, officials said Saturday. The CBI has detained an official posted in Gangtok and also a middleman, they said.

private jet flights-four times the usual traffic-will ferry some of India's wealthiest people to and from Ahmedabad, as per data from the city airport. Reason: the much-awaited India-Pakistan match of the ICC World Cup to be held at the Narendra Modi stadium, the world's largest cricket ground, on Saturday. The 48-match tournament runs till November 19. The Ahmedabad airport has run out of parking slots for private jets, said a person in the know. It's giving conditional approval to some of these jets and asking the rest to park at other airports such as Surat and Mumbai. «The last time we saw such massive demand for private jets was during Isha Ambani's wedding,» said Kanika Tekriwal, founder of JetSetGo, a charter operator and aggregator, referring to the opulent wedding of India's richest man Mukesh Ambani's daughter.

India-Pakistan World Cup match — not just in the Ahmedabad stadium but in living rooms, pubs, restaurants, multiplexes and even offices across the country. And corporate India has started the cheer. Restaurants, pubs, and food delivery and quick commerce platforms expect record business with sales rising 25-35% over a usual weekend day while television brands are struggling to install TVs before the start of the match after a spike in sales in the last one week, several industry executives said. Companies working on second Saturdays, too, have ensured there is plenty on the table for employees to cheer for Team India while at work.

Also read: Adani Group may bid in upcoming airport auctions "MIAL and NMIAL have received communications from the said Authority about the initiation of investigations of books of accounts and other books and papers in terms section 210(1) of the Companies Act, 2013," Adani Enterprises said on BSE filing. Billionaire Gautam Adani owns and operates seven airports across India.

HCLTech, the country’s third-largest IT services firm, slashed its revenue guidance for the year ahead, but it expects growth to lead the industry numbers by a “big margin” in the third and fourth quarters, chief executive officer C Vijayakumar tells ET. The lack of discretionary spending across clients through the past two quarters and limited resumption visibility on customer expenditures have been the key factors for slashing organic revenue growth guidance between 4% and 5% in constant currency terms (from earlier 6% and 8%) despite strong growth projections. Edited Excerpts:

MUMBAI : Westbridge Capital has acquired 1.5% of Meesho at a valuation of $3.5 billion, two people with knowledge of the deal said. The investment firm acquired the stake from Meesho’s seed investor, Venture Highway. Venture Highway will retain around 3.8% of Meesho, one of the people cited above added, requesting anonymity.

After the incident, the woman had registered a complain with Bengaluru Police against the cab driver for sexual harassment. The incident occurred on Monday when the woman was travelling with her child and she had booked a cab from Bengaluru’s Electronic City. The 32-year-old woman had gone to school, with her nine-month-old infant, to pick her elder kid.

Jada Pinkett Smith recently in an interview has revealed the special place Tupac Shakur held in her life. It comes amid the Matrix actress revelation of a separation between her and Will Smith. In an interview with Rolling Out, Jada Pinkett referred to Tupac Shakur as her soul mate, saying: «If there is such a thing as past lives, I definitely think Pac and I have traveled a few together.

stalker in Lado Sarai, South Delhi on Thursday morning. As per a TOI report, the suspect, identified as Gaurav Pal, was apprehended by the cab driver and locals before being handed over to the police. He has been charged with attempted murder and will appear in court on Friday.

Tata Motors jumped over 4 percent to their record high on Friday after the company's arm Jaguar Land Rover (JLR) India reported its highest-ever performance in the first half of financial year 2023-24 (FY24). The company posted an over 97 percent year-on-year (YoY) jump in its total sales for April-September at 2,356 units from around 1,194 units in the same period last year. The stock rose as much as 4.4 percent to its all-time high of ₹665.50.

International Monetary Fund (IMF) for the end of September and is comfortably placed to meet others such as net international reserves and net domestic assets, the bank said as quoted by Reuters. The remarks came in a statement on comments by central bank chief Jameel Ahmad during events on the sidelines of the meetings of the International Monetary Fund (IMF) and the World Bank meetings in Morocco. The Washington-based financial body will also send its delegation to cash-strapped Pakistan to review the country's economic performance in the first three months of the current fiscal year, PTI had earlier reported.

₹143.75 apiece in early Friday trade after the company in an exchange filing on Thursday said it was awarded 'Navratna' status by the Department of Public Enterprises. This makes IRCON the 15th Navratna company among the Central Public Sector Enterprises (CPSEs), as per the company's exchange filing. Furthermore, the Department of Public Enterprises also granted the 'Navratna' status to another PSU, RITES, making it the 16th Central Public Sector Enterprise (CPSE) to receive this prestigious recognition.

Tata Consultancy Services Ltd, Infosys Ltd, HCL Technologies Ltd indicate that the ride in second half of financial year may remain turbulent. There are limited expectations for FY24. While TCS reported tepid revenue growth missing expectations, Infosys and HCL Technologies' revenue growth guidance cuts have disappointed.