Compilation Financial News

Sandeshkhali were found to be true, the Calcutta High Court on Thursday said that West Bengal's image as the safest state for women will fall. Petitioner-lawyer Priyanka Tibrewal submitted a voluminous compilation before the court which she said contained around 100 affidavits of alleged victims of sexual assault, apart from those of land grabbing and violence. «If at least one per cent (of the allegations) is true, it is highly shameful,» a division bench presided by Chief Justice T S Sivagnanam said. The division bench was hearing a suo motu motion on alleged sexual assault and land grabbing at Sandeshkhali in North 24 Parganas district and petitions seeking transfer of investigation of these cases to the CBI.

Neerja Kapur, Chairman-cum Managing Director, New India Assurance, reported a global written premium target of Rs 42,000 crore, with unaudited figures showing a total of Rs 41,860 crore for the financial year. The final figures depend on the trial balance and balance sheets. This translates to a $5 billion global premium. When asked about the premium breakdown, Kapur highlighted health as the top-performing segment, noting growth in health and motor segments. You recently closed your books of FY24. How much premium have you done in the fiscal? Has the company achieved the target or has it missed it? How far are you from the target? Neerja Kapur: We had targeted a premium of about Rs 42,000 crore, global written premium and we have completed the financial year and these are unaudited figures as of now. When we compile the premium completion of our domestic market with the premium completion of our foreign offices, the total premium of Rs 41,860 crore and these, of course, will be subject to the finalisation of the trial balance and the balance sheets. It translates into about a $5 billion global premium.

The Income Tax Department has now released the e-filing versions of the ITR-1, ITR-2, and ITR-4 forms for the financial year 2023-24 (assessment year 2024-25). This simplifies the process for taxpayers, allowing them to begin filing their income tax returns. The deadline for filing income tax returns (ITRs) for FY 2023-24 (AY 2024-25) is July 31, 2024.

The Port of Virginia, with terminals at the mouth of the Chesapeake Bay near Norfolk, is opening a gate Monday at 5 a.m. — an hour earlier than usual — to help accommodate more truckers. The Port of New York and New Jersey, which is expecting additional cargo including autos, is working to allow quick access for transport companies that usually go through Baltimore. A major railroad is expanding its services, too. Fallout from last week’s deadly bridge collapse, which indefinitely closed the nation’s 17th-largest port by total cargo tonnage and the busiest gateway for vehicles, is expected to be largely contained as neighboring facilities with spare capacity tweak their schedules. Snarls, delays and added costs are more likely to appear outside ports as tens of thousands of shipments require longer routes on already-crowded roadways and rail lines.

As investors scour the globe for undervalued stocks, one increasingly popular destination is actively managed exchange-traded funds that focus on emerging markets.

finance ministry released an additional ₹3,400 crore in urgent assistance for the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), over and above the revised estimate of ₹86,000 crore for 2023-24, as work demand beat initial projections, a senior official told ET. This pushed up the actual MGNREGS allocation for the financial year to ₹89,400 crore, against ₹90,806 crore a year before but almost 50% higher than the budget estimate of ₹60,000 crore. As many as 3.05 billion person-days were generated under the MGNREGS — a demand-driven scheme — in 2023-24, against the revised target of 2.95 billion, showed the preliminary data compiled by the rural development ministry.

Indian tiles exporters have borne the brunt of the Red Sea crisis leading to a dip in volume and value. Tiles exports by volume fell by 12.5% month-on-month and 4.2% year-on-year to 40.6 million square metre in January, showed government data compiled by ICICI Securities Ltd.

While NSE Nifty 50 Index’s monthly options expiring just after the election have risen slightly in value relative to shorter-term contracts as the world’s largest democratic exercise approaches, their premium over April is 61% smaller than it was before the May 2019 vote, data compiled by Bloomberg showed.

A rally that’s pushed US stocks to a new record this year will stall if company earnings disappoint, according to two of Wall Street’s most bearish strategists.

warmest winter on record, with the unusual warmth concentrated around the Atlantic Basin, which has produced an enormous surplus of gas and slump in prices since October. Surface temperatures on land were +2.65°C above the 20th century average between December and February, according to data compiled by the U.S. National Oceanic and Atmospheric Administration (NOAA). Record warmth in the winter of 2023/24 beat previous highs of +2.44°C in 2019/2020 and +2.61°C in 2015/16 — also winters characterised by surplus inventories and slump in gas prices.

(Reuters) — A mountain lion killed a 21-year-old man and gravely wounded his younger brother in California's El Dorado County, northwest of Sacramento on Saturday, local authorities said.

When executives at retailer Untuckit considered locations for a new store on Long Island, N.Y., they initially dismissed a location they felt was too close to an existing store at the Roosevelt Field mall. Then the men’s apparel brand saw the cellphone data. It showed the two locations were drawing customers from opposite ends of Long Island, convincing them that if they were to add a store at the second mall, it wouldn’t cannibalize the first.

Senior citizen fixed deposits (FDs), specifically tailored for individuals aged 60 and above, offer attractive interest rates and various benefits. However, before diving into this investment avenue, it’s crucial to understand the nuances and considerations associated with senior citizen fixed deposits.

We're halfway into March's trading action, and so far, the market has moved mostly sideways, with the S&P 500 posting a 0.4% gain only since the beginning of the month.

In a roll-down approach, a fund maintains a portfolio of bonds that all mature at the same future date. As the maturity date draws nearer, the tenure for which the fund holds bonds reduces (rolls down). Any fresh bond purchases are also aligned with the remaining maturity of the portfolio. This practice makes returns from a bond portfolio relatively predictable in a volatile interest rate scenario. It was a particularly sought-after tactic in categories like corporate bond funds and banking & PSU bond funds. Unlike the typical open-ended funds, where the fund manager actively shifts the duration profile of the portfolio as per the given mandate, the passive investing approach of the rolldown strategy provides a degree of predictability in returns amidst interest rate fluctuations.

Greece won the UEFA European Championship, a triumph so unexpected that at least one squad member had to rearrange his wedding around the team’s progress. The Greek triumph came a few weeks after Porto, led by a charismatic young coach with hair more pepper than salt, lifted the Champions League trophy. That was after Werder Bremen finished the season as champion of Germany and Valencia secured its second Spanish title in three years. The compilation clip might inspire, in older viewers, that bittersweet pang of nostalgia. Werder Bremen should be able to win the Bundesliga. Porto should be contenders to be champion of Europe. You might not want to watch Greece win the Euros again, but it was nice that it happened. Younger fans, though, may well interpret it differently. They have grown up in an era of dominance and dynasty. The sight of these unfamiliar teams lifting trophies might reinforce their suspicion that soccer is rather better now than it was then.

A new round of nowcasts continue to estimate that US economic activity will downshift in next month’s release of first-quarter GDP data. Today’s revised estimate is based on the median for a set of nowcasts compiled by CapitalSpectator.com.

It's one thing for financial sector regulators to promote prudence by flagging signs of excessive speculation in any area of the securities market; it's quite another to label a class of shares as inherently risky. A class of shares includes various individual companies, some of which might become the next Infosys, Kotak Mahindra Bank, or ITC.

SBI Electoral Bonds data LIVE updates: The Election Commission of India (ECI) on Thursday uploaded the electoral bond data on its website in compliance with the February 15 order of the Supreme Court. The electoral bond data, compiled by the State Bank of India (SBI) lays down two sets of information- one related to the name of the purchaser date, and denomination of the bonds.

India a premier hub for scientific learning by drawing in global best practices and sharing its knowledge and experiences with the world. «The coming years until 2047 is a period that is crucial to realise our vision of building a strong, self-reliant nation, where the scientific community in particular, especially our youth, will play a defining role,» the prime minister said in a message to a report encapsulating the scientific achievements of the past decade. The report — 'A Decade of Science: Technology Panorama for Aatmanirbhar Bharat' was compiled by the Office of the Principal Scientific Adviser to the Union Government and NGO Foundation for Advancing Science and Technology (FAST India) — and released by Science and Technology Minister Jitendra Singh on Thursday. The report highlights India's sustained efforts in science and technology, particularly in fields such as infrastructure, defence, energy sector and heavy industries.

Bengaluru: As one goes around India's tech hub, what catches the eye most these days is how the language of the land, Kannada, gets "prominence" on the signboards of businesses. A far cry indeed from the not-too-distant past when English held sway, thanks to a government directive. With the deadline for complying with 60 per cent use of Kannada in signboards of businesses and establishments coming to an end, a vast majority of them in the city appear to have obeyed the mandate, with many even going for stopgap arrangements, aimed at ensuring compliance. A bill mandating 60 per cent use of Kannada in signboards of businesses and establishments was passed by the Karnataka Assembly in February, and the government had warned that non-compliance would lead to the cancellation of the licences of businesses. Now, temporary boards or banners instead of boards that are rules compliant, and also clothes or stickers covering the old boards, can be seen at several places in the city, in a bid to avoid fines and other penal action.