Cover Financial News

Balbir Dhillon, Head, Audi India, says “Audi globally has decided to launch 20 electric cars overall by 2025 and 25 by 2030. That means some of these cars will also be made in India. If all the cars that are going to be launched globally make a positive business case, we will try to bring them to our customers in the country.”On Audi’s EV journeyAudi has decided to be a fully electric car company by 2033 so the journey has started and eventually will move in that direction.

Insurance giant IAG has warned premiums will keep rising, blaming inflationary pressures and the cost of protecting itself from large disasters.

IDBI Bank: The proposed sale of the government’s stake in IDBI Bank is unlikely to happen this fiscal, posing a challenge to the Centre’s ability to meet the ₹51,000 crore disinvestment target for the year. The government expected more than ₹15,000 crore from the IDBI Bank stake sale, the financial due diligence for which began in July. It had planned to issue financial bids for IDBI Bank by December and completing the transaction in the fourth quarter of the fiscal.

SJS EnterprisesMarquee investor Ashish Kacholia sold part of his stake in aesthetic solutions provider SJS Enterprises for Rs 11.6 crore through the open market on Friday.Jio FinancialJio Financial Services, which recently demerged from parent Reliance Industries, will get listed on stock exchanges on August 21.Kotak Mahindra BankKotak Mahindra Bank's chairman Prakash Apte said the attrition challenge for the bank is concentrated at the junior management level.Read more: What changed the market while you were sleepingPNB Housing FinancePNB Housing Finance said through its focussed and multi-pronged resolution strategy, it has successfully resolved and fully recovered a large corporate non-performing account of Rs 784 crore.TitanTitan will acquire an additional 27.18% of equity shares in its subsidiary CaratLane Trading for Rs 4621 crore.Ashok LeylandAshok Leyland will issue Rs 870 crore corporate guarantee to cover lender facilities of two subsidiaries Optare Plc and Switch Mobility UKM&MMahindra & Mahindra announced proactive inspection of select XUV products.KEC InternationalKEC International, an RPG Group Company, has secured new orders of Rs 1,007 crore across its various businesses.ONGCONGC Videsh has secured a three-year extension from Vietnam to explore 'Block 128' in the South China Sea.

stocks of their parent companies listed abroad as part of their salary packages. Here's a look at the documentation, taxation and disclosure requirements in India for these stocks.Q.What are the types of employee stock options?

saving, spending and investing decisions, such as allocating money for life goals, sticking to a budget, making investments in different assets, and devising strategies for a rainy day. It is a crucial life skill, and when instilled at a young age, it can become a cornerstone for building a prosperous future. Learning about money management early lays the groundwork for responsible financial behaviour as an adult and helps navigate the complexities of personal finance confidently.

BlueRock hashired Ad Astra and Clearsight Advisors, the corporate adviser’s affiliate in the United States, to advise on a capital raise and find a capital partner to help it supercharge its growth, Street Talk can reveal.

NEW DELHI : Telecom service providers will pursue resolutions and reforms aimed at reducing sector-related litigation, totalling over ₹76,780 crore, arising from tax disputes and legacy matters, top executives said. Vodafone Idea Ltd chief executive Akshaya Moondra said in an earnings call with investors last week that a structural change was needed to prevent avoidable litigation.

pharma industry sees an abatement in price erosion, which is in single digits, say industry analysts. This has also started to show in sales from India to the US, India’s biggest market rising 6.2% to $7.5 billion last fiscal year, shows government data. ICICI Securities Ltd, in its Q1FY24 pharma sector preview report, highlighted that growth in Q1FY24 will be driven by volumes in the US market: “Aggregate US sales of coverage universe (companies covered by the firm) is likely to grow...

Defence Research and Development Organisation (DRDO) has said there was no collateral damage from crash of Tapas unmanned aerial vehicle (UAV) in Karnataka Sunday morning. “TAPAS UAV was undergoing an experimental flight trial today morning from ATR Challakere, Karnataka. During the flight, a technical snag was encountered and the UAV crashed in a nearby farmland.

Rutte on Sunday told Ukrainian President Volodymyr Zelenskyy that the Netherlands and Denmark will give F-16 warplanes to Ukraine. Rutte, meeting with Zelenskyy at a Dutch air base, said the planes would be delivered once unspecified conditions are met. The announcement came minutes after Rutte and Zelenskyy inspected two gray F-16 jets parked in a hangar at the base.

Whether owned personally or by a corporation, permanent life insurance offers a range of planning advantages that can enhance your overall estate planning, increase liquidity and provide tax-saving opportunities, which makes it a potentially valuable tool when it comes to financial planning.

India’s real estate started its upwards journey post the Covid-19 mayhem in 2021 itself. By the end of 2022, the country’s second largest employment generating sector had gained momentum as reflected in key performance indicators, as buyer sentiment vis-à-vis the sector changed in the aftermath of the pandemic. In that sense, the year 2023 started on a firm footing for the sector that contributes greatly to India’s overall growth.

If YOU PLAN to move abroad either for a job or for higher education, careful financial planning is essential to ensure a smooth transition. Foremost, you must inform your bank about the change in residential status and savings/current accounts should be converted into Non-Resident Ordinary (NRO) to manage any future income you earn from investments in India.

University athletic departments and college conferences use independent sports-betting monitoring services to make sure athletes and personnel do not bet on sports

Also read: British Columbia wildfires intensify: Authorities warn of difficult days ahead Evacuations were ordered throughout Saturday due to worsening weather conditions overnight. At a news conference late on Saturday, the head of Tenerife's local government Rosa Davila described the fire as "devastating" and said it had forced new evacuations.

Hyderabad has been arrested for murdering his own eight-year-old daughter to make her wife suffer. As reported by the Times of India, the accused, Chandrasekhar, picked his daughter, Mokshaja, from school in the BHEL township on a seemingly ordinary Friday afternoon. However, within a mere ten-minute drive, the unthinkable transpired.

Pralhad Joshi praised Rahul Gandhi for highlighting developments in Ladakh under the Modi government as the Congress leader posted pictures from his motorcycle ride on social media. Rijiju on Saturday complimented him for promoting the excellent roads built in the Himalayan region under Prime Minister Narendra Modi's leadership.

Nissan is recalling more than 236,000 small cars in the U.S. because the tie rods in front suspension can bend and break, possibly causing drivers to lose steering control

Sweden isn't the place that connoisseurs would define as prime wine country and its commercial vineyards are still tiny compared to France, Italy or Spain

Congress leader Rahul Gandhi embarked on a motorcy... moreCongress leader Rahul Gandhi embarked on a motorcycle journey from Leh to Pangong Lake in the Union Territory of Ladakh on the eve of his father Rajiv Gandhi's birth anniversary.