Consequences Financial News
14.06 / 11:45
markets
IPO
Trade
Experts
band
cover
consequences
Akme Fintrade IPO: Price band set at ₹114-120 per share; check GMP, key dates, issue details, more
₹114 to ₹120 apiece of face value of ₹10 each. The Reserve Bank of India (RBI) registered NBFC will kick-start its subscriptions from Wednesday, June 19, and conclude on Friday, June 21.
14.06 / 06:17
markets
security
students
consequences
reports
Courts
NEET topper allegedly fails Class 12 Physics, Chemistry exams. Marksheet goes virala
NEET UG 2024 results. The post claims the student scored 705 out of 720 in NEET but failed in the Class 12 Physics and Chemistry exams. According to the marksheet in the viral post, the student obtained 21 out of 100 in Physics theory and 36 out of 50 in practicals. In Chemistry, the scores were 31 out of 100 in theory and 33 out of 50 in practicals. Despite these low marks in Class 12, the same student secured a 99.861 percentile in NEET UG Chemistry and a 99.8903 percentile in Physics. This discrepancy in marks has raised serious questions about the authenticity of the student's NEET UG scores. However, ET has not independently verified the authenticity of the marksheet image.
13.06 / 03:45
Provident
wellness
poverty
social
consequences
information
Investigations
Customers
Widespread outage hits Puerto Rico as customers demand ouster of private electric company
A widespread power outage has hit Puerto Rico and left more than 340,000 customers without electricity after two of the U.S. territory’s power plants shut down
12.06 / 09:55
Digital
Platform
security
wellness
inclusion
consequences
rights
Financial
Cyber
Cyber frauds: How are money mule scams impacting India's financial inclusion efforts?
India's first-world digital infrastructure and financial inclusion, which has brought access to digital banking, payments, health, and credit services to almost 500 million people, are widely acknowledged. However, this technological progress has also led to a new threat: cyber fraud. India now ranks among the largest victims and perpetrators of cyber fraud worldwide.
11.06 / 23:35
cover
consequences
reports
testing
Profiles
NOT
OSFI sees mortgage stress test ‘imbalance’ at renewal but rules not changing yet
Canada’s banking regulator conceded to members of Parliament that there’s an “imbalance” in how the mortgage stress test is applied for some homeowners renewing their terms, but stood by the practice.
11.06 / 17:27
Dash
security
Dreams
Trade
consequences
information
prevention
Indian counterpart of Hari Tibrewala’s plan to buy a broking firm dashed
demat accounts, and the prohibition on the transfer of any assets without prior permission from the ED, DACSP has been incapacitated from conducting the transaction as envisaged," Sarbani Bhagat, a director at Dream Achiever Consultancy, wrote in a letter dated 10 June to BLB promoter Brij Rattan Bagri, who had agreed to sell his stake in the brokerage to DACSP.Bhagat further explained that these legal impediments have prevented DACSP from obtaining necessary approvals from stock exchanges and Securities and Exchange Board of India (Sebi), as the company no longer meets the criteria required to run a broking business. The intervening circumstances have frustrated the economic activity intended by the Agreement, Bhagat added, preventing DACSP from fulfilling its obligations within the mandatory timeline of 150 days, which is soon to lapse on 15 June 2024.“We regretfully inform you that we are constrained to terminate the Agreement and will be applying to SEBI to seek withdrawal of the open offer," he wrote.BLB promoter Brij Rattan Bagri and his family had on 17 January agreed to sell their 36.84% stake in the Delhi-based company to DACSP, which already owned 8.45% in it.
11.06 / 16:27
UPS
economy
Sustainability
Trade
War
country
consequences
World Bank boosts forecast: Strength of US economy will support global growth of 2.6% this year
The World Bank has upgraded its outlook for the global economy, estimating that it will expand 2.6% this year on the strength of sustained growth in the United States
11.06 / 10:43
markets
COST
Election
track
consequences
reports
IT companies' revenue revival seen delayed to FY26
focus of IT companies on cost rationalization. But that has not helped contain earnings downgrades. Putting everything together, a significant turnaround in revenue growth is not expected before FY26.
11.06 / 07:59
COST
CEO
Action
Align
consequences
information
rights
OpenAI and the Altman ouster attempt: Corporate governance gone wrong?
When OpenAI was founded in 2015, its primary objective was to “advance digital intelligence in the way that is most likely to benefit humanity as a whole." The path it chose to achieve this was to build large language models, a computationally intensive exercise that had only just become achievable at scale because of recent advances in modern chip design. This, however, was going to require significant investment, and in order to raise these funds while staying true to its prime objective, OpenAI decided to put in place a complex corporate structure to separate ownership from control.
11.06 / 07:59
markets
COST
Target
Trade
show
consequences
reports
Silver prices slip another 2%, down 11% in 9 sessions; what's behind the fall?
Also Read: Gold price dips ahead of US Fed meeting. Opportunity to buy in this correction?Currently, Comex silver is trading at $29.2 per ounce, down $3.27 from its 11-year high of $32.75, marked on May 29. Domestically, silver prices on the MCX fell to ₹88,161 per kilo in today's session.
11.06 / 01:23
Provident
FIVE
Gap
Research
consequences
reports
Auto-IRAs get another push in Rhode Island
A new bill introduced by Rhode Island legislators aims to establish a state-sponsored auto-IRA program, addressing the retirement savings gap among private sector workers in the state.
09.06 / 20:53
UPS
Gap
Compilation
economy
performer
consequences
Statistics ministry sees no major revision of FY24 GDP
The statistics ministry doesn’t expect to undertake any significant downward revision to the official economic growth estimate for FY24, and may disprove many analysts in this regard. It also sees the possibility of the gross domestic product (GDP) expansion in FY25 to exceed 7%, with the “strong momentum” being witnessed.
08.06 / 04:13
Platform
awards
Interface
Southern
consequences
Equality
Modi 3.0: The return of the coalition. And maybe the Planning Commission?
National Democratic Alliance (NDA) partners from various states will follow suit, including those where the BJP has gained power for the first time, such as Odisha. Regardless of who raises these demands, it is clear that central-state financial relations may need to be redrawn. This is not entirely surprising, given the ongoing tussles over these issues.
07.06 / 15:19
markets
economy
pandemic
consequences
information
Videos
The hidden aspects of monetary policy
₹6.9 trillion in April 2022 to less than ₹2 trillion in February 2023. Since February 2023, RBI has kept the policy repo rate unchanged and core liquidity has largely been around same levels, yet the policy stance is the same. Now, with the repo rate near its 2018 peak and the liquidity condition near neutral, the policy stance of ‘withdrawal of accommodation’ has become irrelevant.
07.06 / 11:42
COST
economy
pandemic
President
consequences
Europe Central Bank jumps ahead of the Fed in lowering rates. But future cuts may be limited
The European Central Bank cut its key interest rate by a quarter-point, moving ahead of the U.S. Federal Reserve as central banks around the world lean toward lowering borrowing costs — a shift with far-reaching consequences for home buyers, savers and...
06.06 / 20:17
security
President
consequences
Features
rights
Most workers are unknowingly skimping on their 401(k)s
A large chunk of US employees are not making contributions to their workplace retirement plans – and they don’t even know it.
06.06 / 06:19
students
consequences
information
reports
Schools
International
CBSE detects theory-practical marks variation in 500 schools, issues advisory. Details here
CBSE) said that significant variation between theory and practical marks were observed in certain subjects among 50 per cent or more students. It added that these variations was detected through advanced artificial intelligence (AI) tools.As per the official notice by the board, approximately 500 schools affiliated with CBSE observed these variations, based on past years' result statistics.
06.06 / 06:19
security
Election
community
consequences
How did Uddhav's Shiv Sena win Lok Sabha seats in Mumbai? Maharashtra minister Kesarkar credits ‘fatwas’
Shiv Sena (UBT) to “fatwas", saying Muslim voters were convinced that former CM Uddhav Thackeray has “forsaken" Hindutva ideologies. “The fatwas helped Shiv Sena (UBT) win seats in Mumbai.
06.06 / 02:55
CEO
security
President
social
consequences
reports
Financial
Advisors name the most overlooked financial issues during divorce proceedings
Sad as it may be, divorce remains a fact of life for many families. It’s also a circumstance when clients are most reliant on their financial advisors at a time when their emotions are at their most heightened.
05.06 / 20:53
markets
UPS
Election
trends
Experts
consequences
reports
Gold Prices
Lok Sabha elections 2024: How gold prices will be impacted — experts weigh in
OMCs to hold petrol, diesel prices in Q1FY25; dismal earnings eyed over revised margins: Kotak's Sumit PokharnaKalantri further added, “Elections impact first appear in the currency market, consequently influencing the prices of commodities as a secondary outcome."On Wednesday, gold prices in New Delhi dipped by ₹80 to reach ₹72,820 per 10 grams on Wednesday, following the downward trend globally, as reported by HDFC Securities. In the previous session, the precious metal had closed at ₹72,900 per 10 grams.“Gold traded slightly weak today, hovering around ₹71,870 before the start of the evening session, within a minor range.
05.06 / 17:21
markets
security
Election
WhatsApp
consequences
Investigations
TMC MP asks Sebi to investigate stock market manipulation through exit polls
TMC MP Saket Gokhale has asked securities market regulator Sebi to investigate the June 3 stock market manipulation triggered by election exit polls. In a letter to Sebi chief Madhabi Puri Buch, Gokhale said multiple exit polls predicted a landslide win for the BJP. But, one exit poll predicted “extremely strange” and “inflated seat numbers” for the BJP in several Indian states.
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