Cover Financial News

Foreign investors were net sellers of securities under the central bank's fully accessible route (FAR) for the second straight month in November, as global fund managers went underweight on Indian securities amid rising US yields. Foreign portfolio investors sold FAR securities worth ₹5,186.7 crore more than those they purchased in November, according to data from the Clearing Corporation of India. Net sales in October were ₹2,051.67 crore.

Subscribe to enjoy similar stories. New Delhi: The production-linked incentive (PLI) scheme—one of the ways in which this government was hoping to increase manufacturing in India—is going through a slowdown, with planned expansions to the programme being put on hold.

Stacey Macken, the former product manager in BNP Paribas' prime broking division, is no longer employed by the bank. Nonetheless, she is still earning good money. As we noted in September, Macken was awarded £177k ($223k) a year for 15 years as part of the £2.1m settlement of her 2021 gender discrimination claim against the French bank.

Rouse Avenue Court on Saturday was informed by the Enforcement Directorate (ED) that the sanction obtained in the CBI case is comprehensive/broad enough to cover offences not only under the Prevention of Corruption Act, 1988, but also other potential offences arising from the same facts. The submission came in response to a plea filed by Delhi's former Chief Minister Arvind Kejriwal, who had claimed he had not received a copy of the sanction order in the ED case against him. In his plea, Kejriwal pointed to a recent Delhi High Court hearing, where the Solicitor General representing the ED had stated that the necessary sanction had been obtained when the chargesheet was filed. In its response, the ED's Special Counsel Zoheb Hossain clarified that the sanction obtained in the CBI case was broad enough to cover not just the Prevention of Corruption Act, but also other offences that could arise from the facts and circumstances presented, and was sufficient for the court to take cognizance of the case.

border.U.S. president-elect Donald Trump pledged this week to impose 25-per-cent tariffs on Canadian and Mexican imports until more is done to stem illegal border crossings and drug trafficking.The threat spurred calls from premiers and opposition leaders for the federal Liberal government to do more to secure Canada’s border.Among the voices was Alberta Premier Danielle Smith, who says she is considering creating a provincial border patrol.The eastern region for the RCMP includes Quebec and the four Atlantic provinces.

“tax holiday” on dozens of items as a Liberal bill inches closer to becoming law.Bill C-78, titled the “Tax Break for All Canadians Act,” passed in the House of Commons Thursday night, with the help of support from the New Democratic Party.It will now be considered by the Senate and if passed there, will go on to receive royal assent.A two-month break on the goods and services tax or harmonized sales tax will apply on certain groceries, alcoholic beverages and children’s clothing, among other items.This change would take effect on Dec. 14 and end on Feb.

Subscribe to enjoy similar stories. Colgate Palmolive (India) Ltd has had a good run in recent quarters and continues to make efforts to boost growth. At its analysts meeting on Wednesday, the management, among other things, highlighted an interesting development under its ‘oral health movement’ initiative.

Australia has imposed a sweeping ban on social media for children under 16, one of the world's most comprehensive measures aimed at safeguarding young people from potential hazards online. But many details were still unclear, such as how it will be enforced and what platforms will be covered. After sailing through Parliament's lower house on Wednesday, the bill passed the Senate on Thursday with bipartisan support. Prime Minister Anthony Albanese has said that it puts Australia at the vanguard of efforts to protect the mental health and well-being of children from the detrimental effects of social media, such as online hate or bullying. The law, he has said, puts the onus on social media platforms to take «reasonable steps» to prevent anyone under 16 from having an account. Corporations could be fined up to 49.5 million Australian dollars (about $32 million) for «systemic» failures to implement age requirements.

Subscribe to enjoy similar stories. It aims to promote chemical-free farming. Natural farming involves local sourcing of inputs such as livestock manure and preparing biopesticides from herbs.

The union representing Canada Post workers says the Crown corporation has been laying striking employees off as the labour action by more than 55,000 workers approaches the two-week mark.

Global K-pop phenomenon BTS is no stranger to the spotlight, often finding itself embroiled in controversies involving its members. Most recently, member Suga has become the subject of online buzz. Previously linked to legal issues surrounding a drunk driving case, Suga is now facing renewed attention over alleged conflicts with neighbors at one of his former residences. A report by Biz Hankook sheds light on Suga’s move from his luxurious UN Village villa, which followed his departure from another property in 2021. The report states that Suga initially purchased a residence in Hannam Riverhill in 2018 for? 3.40 billion KRW. However, just three years later, in November 2021, he vacated the property, reportedly due to disagreements with other residents in the community.

Three people were killed and one seriously injured when a Tesla Cybertruck crashed and caught fire in Northern California

Hyundai is recalling more than 226,000 SUVs and small cars in the U.S. because the rearview camera image may not show up on the screens

Supreme Court is likely to consider on December 3 the sealed cover report allegedly on unsatisfactory performance and other materials against two women civil judges terminated from services by the Madhya Pradesh government. The top court, on November 11, 2023, had taken a suo motu (on its own) cognisance of the termination of services of six women civil judges by the state government for their alleged unsatisfactory performance. A bench headed by Justice B V Nagarathna, on July 23, asked the Madhya Pradesh High Court to reconsider its decision of terminating the services of judicial officers.

Fundstrat Global Advisors managing director Mark Newton shares his market outlook on Mornings with Maria.

Databricks is in talks to raise up to $8 billion from investors that would value the data analytics company at $55 billion, in one of the largest fundraises in Silicon Valley, according to a source familiar with the matter. Most of the new funding would be in the form of a secondary share sale, where early investors and employees are allowed to cash out some of their stock holdings, the source said. It would also be used to cover the tax cost associated with the share sales, which could cost billions. Such deals can boost employee morale, since stock-based payouts typically comprise a big chunk of the compensation at startups, while allowing the company to sidestep an initial public offering under a deadline before the stock unit expires.

Design and display: In terms of design, the iPhone 17 Air is expected to be the slimmest iPhone model with just 6mm of thickness. However, note that with a slimmer profile, the company may have to go through several compromises. On the other hand, the Galaxy S25 slim dimensions are still unknown, however, rumours suggest that it may fall between 7.2mm to 7.5mm in thickness.

Subscribe to enjoy similar stories. Niva Bupa Health Insurance Co. Ltd’s first earnings post listing show its performance is significantly better than that of the Indian health insurance industry in the first half of FY25 (H1FY25).

The EU and the South American trade bloc Mercosur are working to finalize a trade deal that has been in negotiation for over 20 years

Sebi on Tuesday modified its interim order prohibiting Axis Capital Ltd from engaging in any transactions in the debt segment that involve providing credit risk cover, guarantees and indemnities for the purchase of pledged shares until further notice. Sebi, in its interim order in September, prohibited Axis Capital from undertaking new assignments as a merchant banker, arranger, or underwriter for debt securities until further notice. The matter pertains to Axis Capital Limited (ACL) allegedly violating Merchant Bankers (MB) Regulations in connection with non-convertible debentures (NCDs) issued by Sojo Infotel Pvt. Ltd.

The agency, known under its Russian acronym FSB, alleged that he has worked for British intelligence under diplomatic cover, replacing one of the six British diplomats who were expelled from Russia in August. The FSB alleged that the diplomat was involved in «intelligence and subversive activities that threatened the security of the Russian Federation». Russia's Foreign Ministry spokesperson Maria Zakharova said a decision has made to revoke the diplomat's accreditation and he has been ordered to leave the country within two weeks. She said that the ministry has summoned the British ambassador to hand over the notice.