Cover Financial News

reported. As per the publication, King Charles is now determined to solve the 'Andrew problem'. Andrew has consistently denied the allegations.

₹1,150 crore in the Union Territory. The development projects cover technology, energy, water resources, healthcare and education sectors.

grounded certain Boeing 737 MAX 9 jetliners for safety checks following a cabin panel blowout that forced a new Alaska Airlines jet carrying passengers to make an emergency landing. A piece of fuselage tore off the left side of the jet as it climbed following takeoff from Portland, Oregon, en route to Ontario, California, on Friday, forcing pilots to turn back and land safely with all 171 passengers and six crew on board.

Enforcement Directorate said on Saturday that it conducted searches on several premises linked to Religare Finvest Ltd (RFL), in connection with an ongoing probe into alleged misappropriation of more than ₹2,000 crore by the former promoters of the financing company's parent, Religare Enterprises Ltd. The ED, which is investigating the money-laundering aspect of the case, said it searched nine locations in the National Capital Region on Friday and Saturday, covering the corporate offices of RFL, M3M India Holdings, RHC Holding Pvt Ltd, Hillgrow Infrastructure Pvt Ltd, Dion Global Solutions and Prius commercial. In a regulatory filing, Religare Enterprises said RFL had made a request to the ED to expedite the probe. RFL has also promised its lenders that it would make «all possible efforts» to recover the siphoned off funds, a Religare Enterprises spokesperson told ET, adding that RFL had commissioned a forensic audit to trace the assets and money trail. The Enforcement Directorate's money laundering case against erstwhile Religare promoters Malvinder and Shivinder Mohan Singh, and its former chairman and managing director Sunil Godhwani, is based on a case registered by the Delhi Police's Economic Offences Wing. The ED had arrested the Singh brothers and Godhwani in October 2019.

Deforestation in the Brazilian Amazon fell by half last year, according to figures released Friday, as President Luiz Inacio Lula da Silva's government bolstered environmental policing to crack down on surging destruction. However, the news was far less bright from the crucial Cerrado savanna below the rainforest, where clear-cutting hit a new annual record last year, rising by 43 percent from 2022, according to the national space research agency's DETER surveillance program. Satellite monitoring detected 5,152 square kilometers (nearly 2,000 square miles) of forest cover destroyed in the Brazilian Amazon last year, down 50 percent from 2022. That still represented a loss 29 times the size of Washington DC in Brazil's share of the world's biggest rainforest, whose carbon-absorbing trees play a vital role in curbing climate change. Meanwhile, the Cerrado, a biodiversity hotspot whose ecosystems are intricately linked with the Amazon's, lost over 7,800 square kilometers of native vegetation last year, the highest since monitoring began in 2018. «We saw some important victories on the environment in 2023. The significant reduction in deforestation in the Amazon was a highlight,» said Mariana Napolitano of environmental group WWF-Brasil. «But unfortunately we aren't seeing the same trend in the Cerrado… That is harming the biome and the extremely important ecosystem services it provides.

₹2,000 crore from Religare Finvest Ltd (RFL), people familiar with the development said on Saturday. The searches, ED officials said, continued into the early hours of Saturday, with several incriminating documents recovered and large scale “proceeds of crime" identified. Religare, however, said that these raids were initiated following a complaint by the company itself.

Congress spokesperson Mahima Singh on Saturday said party leader Rahul Gandhi has chosen Manipur to launch the 'Bharat Jodo Nyay Yatra' due to his concern over the situation in that state. She also alleged that the BJP is not bothered about the problems faced by people, and it is only concentrating on «headline management». «The BJP, wherever it is in power, is concerned with headline management and people's issues have been sidelined,» Singh, also the in-charge of communication and media coordination in Assam for the yatra, told reporters here.

Lord Ram and his fervent desire to witness the construction of the grand temple in Ayodhya, a 64-year-old man from the city has undertaken an extraordinary padayatra spanning thousands of kilometers. Challa Srinivas Sastry's pilgrimage coincides with the auspicious consecration of the temple on January 22.

Consumer Affairs Minister Piyush Goyal on Saturday said the government will bring more products under the mandatory quality norm as India moves towards becoming a developed nation by 2047. Addressing virtually the 77th foundation day of the Bureau of Indian Standards (BIS), Goyal said complying with high quality standards in products and services will help India achieve high goals and become a developed nation. Towards this direction, the BIS should become an ambassador of quality standards.

Investments in mutual funds can very well be made in the name of an individual's minor son or daughter. But once the said minor son or daughter turns 18 i.e. becomes major, certain compliances have to be followed. If these compliances are not followed no further transactions will be allowed for the said mutual fund folio. To keep your mutual fund investment unaffected, once the minor turns major, you must get the mutual fund account regularised by submitting certain details and documents. «Upon the minor attaining the status of major, the minor in whose name the investment was made, shall be required to provide all the KYC details and updated bank account details including cancelled original cheque leaf of the new account. No further transactions shall be allowed till the status of the minor is changed to major,» said the Securities and Exchange Board of India (SEBI) in a circular dated December 24, 2019.

infrastructure splurge is gathering pace. Liberum, a bank, calculates that a one-percentage-point rise in its forecast for annual global GDP growth would boost commodities demand by 1.5%. Freakish weather would have a deeper impact.

Prime Minister Narendra Modi virtually inaugurated the semi-high-speed train from Ayodhya Dham railway station on December 30. The train is set to operate six days a week, excluding Fridays, with scheduled stops at Jalandhar Cantt, Ludhiana, Ambala, and Sahnewal stations. The Vande Bharat Express with train number 22488, travelling from Amritsar to Old Delhi, is scheduled to depart from Amritsar at 9:30 am and is expected to arrive in Delhi at 1:50 pm.

Dilip Bhikhalal Desai, co-founder & chairman of professional services firm DHC Advisory LLP, has purchased a sea-view luxury duplex apartment in a super-premium tower opposite the Breach Candy Club in South Mumbai’s plush Breach Candy locality for over Rs 85 crore. The transaction values the apartment spread over 5,874 sq ft on the 10th and 11th habitable floor of super-luxury residential tower Bishopsgate at nearly Rs 1.45 lakh per sq ft, pushing it higher in the tally of most expensive homes sold on per sq ft basis anywhere in the country. Kolkata-based Desai has acquired the property along with his wife from a private family trust based out of Mumbai. The buyers have paid Rs 5.10 crore as stamp duty alone for the registration of the deal that took place on December 13. As per the agreement, the buyer will also get exclusive access to a total five covered car parking slots in the tower along with the duplex apartment, showed the documents accessed through IndexTap.com. Mumbai-headquartered DHC Advisory is among the oldest Indian professional services firms with presence across 11 cities and 20 offices.

Mickey Mouse has adopted a darker, more sinister appearance in place of his cheery one. The United States' copyright to Steamboat Willie, the 1928 short film that featured early iterations of Mickey and Minnie Mouse, lapsed on New Year's Day at midnight.

₹15 crore, reported NDTV. According to the report, a complaint has been filed against Mihir Diwakar and Soumya Vishwas in Ranchi court in connection with a 2017 business deal. Earlier in 2017, to open cricket academies across the world in the cricketer's name, Diwakar had reportedly signed a deal with Dhoni.

Many U.S. states rely on winter tourism, but with record-breaking, warmer winter temperatures, some businesses are losing money.

MoU) between the Ministry of Petroleum and Natural Gas, India and the Ministry of Natural Resources, Guyana, on cooperation in the hydrocarbon sector. According to an official release, the proposed agreement covers the complete value chain of hydrocarbon sector including the sourcing of crude oil from Guyana, the participation of Indian companies in Exploration and Production (E&P) sector of Guyana, cooperation in the areas of crude oil refining, capacity building, strengthening bilateral trade, collaboration in natural gas sector, collaboration in developing regulatory policy frameworks in oil and gas sector in Guyana. Also, it will include cooperation in the area of clean energy, including biofuels as well as the renewables sector, including solar energy. The MoU with Guyana will strengthen bilateral trade, foster investment in each other countries and help diversify the source of crude oil, thus augmenting the energy and supply security of the country. The agreement shall enter into force on the date of its signature, remain in force for a period of five years and be automatically renewed thereafter on a quinquennium basis unless either party gives the other party written notice three months in advance of its intention to terminate this understanding. In recent times, Guyana has gained significant salience in the oil and gas sector, becoming the world's newest oil producer. The new discoveries of 11.2 billion barrels of oil equivalent amount to 18 per cent of total global oil and gas discoveries and 32 per cent of discovered oil. As per OPEC World Oil Outlook 2022, Guyana is projected to see a significant ramp-up in production, with liquids supply growing from 0.1 million barrel per day in 2021 to 0.9 mb/d in

The Supreme Court on Wednesday issued an interim stay on the Delhi High Court’s order which declared that any Income Tax (IT) assessment order issued without Document Identification Number (DIN) has no legal standing.

Question: In case the premium for health insurance for more than a year has been paid in one year, can pro rata deduction be availed u/s 80D of the Income Tax Act, 1961?

Bajaj Allianz General Insurance was ordered by the National Consumer Disputes Redressal Commission (NCDRC) via an order dated December 27, 2023 to reimburse $20,000 plus interest to the husband of Mrs Aruna Vaish who took an overseas travel insurance policy from the company. The fight between Bajaj Allianz General Insurance and Mrs Aruna (the insured) started from July 28, 2009 when the overseas travel insurance claim was rejected. After rejection of the insurance claim, Mrs Aruna Vaish filed a complaint with the Insurance Ombudsman. The Insurance Ombudsman via a letter dated October 12, 2011 said that her claim fell outside their jurisdiction. Subsequently, she went to fight her case in the State Consumer Forum and then in NCDRC. In the time between fighting her (Aruna Vaish) case, she had died so her husband Deepak Chandra Vaish fought the long battle against the insurance company on her behalf.

Q3 result preview: IT firms expected to post muted revenue, subdued profit amid weak demand "We think the industry is close to the trough of this cycle. Signs of improvement in the global economy and strong deal wins in recent quarters give us confidence about the revenue growth acceleration that we forecast for FY25," said BNP Paribas. The financial firm prefers large-cap firms with strong client relationships, scale to invest in GenAI (Generative AI) and reasonable valuations.