Digital Financial News

Australia’s government has withdrawn a bill that would give a media watchdog power to monitor digital platforms and require them to keep records about misinformation and disinformation on their networks

Lower House of Parliament commenced proceeedings on Day one of the 2024 Winter Session. Speaker of the House, Om Birla adjourned the House to noon today. Congress president Mallikarjun Kharge said in a post on X that as the Parliament session begins, the first step the government should take is to have a detailed discussion on the Adsaga which has the potential of tarnishing India's image at the global stage, on Monday.

hybrid mutual funds — schemes that invest in equity and debt — may serve investors, especially new and inexperienced investors, better. Conservative hybrid mutual funds are the entry to the world of hybrid funds. These schemes invest mostly in debt and a small percent in equity. As per the Sebi norms, conservative hybrid schemes must invest 75-90% in debt instruments and 10-25% in stocks. These schemes are ideal for investors looking to invest a small part of their corpus in equity to earn some extra returns. Conservative hybrid schemes, as the name suggests, are meant for investors with a conservative risk profile.

Rajya Sabha chairman Jagdeep Dhankar said discussions over Gautam Adani's indictment in United States over alleged bribergy charges worth $256 million will not be allowed in the Upper House. Vice President and Rajya Sabha chairman in opening session said that he has received 13 notices from Members of Parliament (MPs) for discussion over allegations against Adani Group. Amid furour, the Rajya Sabha was adjourned till 11:45 pm.

Lok Sabha speaker Om Birla on Monday said that ideologies and expression can differ but the country is always first (supreme). There were people of different ideologies in the Constituent Assembly, and there were people of different religions too, but the Constituent Assembly had meaningful and positive discussions, he added. Differences can exist but people must come together to work for the country, Birla said, adding that differences are the strength of democracy. «On Constitution Day, we need to take inspiration from the debates and discussions of the Constituent Assembly. There were people of different ideologies in the Constituent Assembly, and there were people of different religions too, but the Constituent Assembly had meaningful and positive discussions. The differences were there then also as it is the strength of democracy. We should take inspiration from our traditions and customs so that we can have good discussions in our respective Houses. The differences can exist, but we must come together to work for the country. Ideologies and expression can differ, but the country is always first (supreme),» Lok Sabha speaker Om Birla told ANI.

A total of 84 players were up for grabs on day 1, of which 72 were sold to respective franchises, with Rishabh Pant, Shreyas Iyer and Venkatesh Iyer becoming the three most expensive buys of the season. Teams like Royal Challengers Bengaluru, Mumbai Indians, Chennai Super Kings, Kolkata Knight Riders, Sunrisers Hyderabad, and Delhi Capitals are set to participate in the high-stakes bidding frenzy, once again. Several marquee players like Faf du Plessis, Rovman Powell, Kane Williamson and Bhuvneshwar Kumar are featured in the list of cricketers who may go under the hammer.

Bitcoin (BTCUSD) remains in focus to start the week as the cryptocurrency sits on the precipice of crossing the $100,000 mark for the first time.

Additionally, the INDIA bloc will be looking forward to cornered the BJP-led NDA alliance over rising tensions in Manipur as well billionaire Gautam Adani's indictment in the United States for alleged bribery worth $256 million. «A total of 42 leaders from 30 political parties were present in the meeting. There are many topics. Everyone has asked for discussion on some topics but we want that there should be a good discussion in the Lok Sabha and Rajya Sabha. The government is ready to discuss any topic. Our only request is that the House should run well and there should be no ruckus. Every member wants to participate in the discussion but the House should run well. To run the winter session well, everyone's cooperation is needed and everyone's participation is necessary,» Union Parliamentary Affairs Minister Kiren Rijiju had said after the Centre called all-party meeting chaired by Union Minister Rajnath Singh.

«I hereby give notice of my intention to ask for leave to move a motion for the adjournment of the business of the house for the purpose of discussing a definite matter of urgent importance,» Tagore, whip of Congress party in Lok Sabha wrote in a letter to the Secretary General of Lok Sabha. In the letter, Tagore expressed his desire to discuss the matter related to the United States (US) indictment of Gautam Adani over the «bribery, securities, fraud, and wire fraud» charges against Adani Group.

Donald Trump has far-reaching implications for global trade and geopolitics. According to a report by Motilal Oswal, this policy carries mixed outcomes for exporters worldwide because it is designed to prioritize U.S. manufacturing by reducing imports, particularly from China. For India, Trump's policies present both opportunities and challenges. The Indo-Pacific defense strategy could strengthen U.S.-India collaboration, opening doors for Indian businesses in sectors such as pharmaceuticals and defense.

The trial in a Virginia federal court is Google's second ongoing US antitrust case as the US government tries to rein in the power of big tech. In a separate trial, a Washington judge ruled that Google's search business is an illegal monopoly, and the US Justice Department is asking that Google sell its Chrome browser business to resolve the case.

stock market. The net asset values (NAVs) of several funds launched recently have shed as much as 21% from their offer price of Rs.10 per unit. Some of the most impacted have been the passive schemes based on defence, PSU, tourism and metal indices, and momentum based strategies. Their NAVs are between Rs.8 and Rs.9 now, indicating a 10-20% fall. While the decline in defence and PSU stocks began in July, the drop precipitated from 27 September onwards when the broader sell-off commenced, triggered by strong foreign institutional outflows. During this period, the Nifty 50 fell 10.44%, the Nifty Midcap 150 fell 10.9%, while the Nifty Smallcap 250 fell 9.1%. The Defence index dropped 10.25%, the PSU index shed 11.7% and the Metal index has declined 12.28% since 27 September.

Yahoo and confronted lawsuits involving patent, trademark and copyright claims, its executives sent out a confidential memo. «We believe that information is good,» the executives told employees in the memo. But, they added, government regulators or competitors might seize on words that Google workers casually, thoughtlessly, wrote to one another. To minimise the odds that a lawsuit could flush out comments that might be incriminating, Google said, employees should refrain from speculation and sarcasm and «think twice» before writing to one another about «hot topics». The technology was tweaked, too. The setting for the company's instant messaging tool was changed to «off the record». An incautious phrase would be wiped the next day.

Subscribe to enjoy similar stories. One of the biggest red flags for investors when picking stocks is debt. High debt usually raises considerable questions about the company’s operational efficiency and sustainability.

Wicked" was number 1 in North America, with sales from Friday through Sunday of roughly $95 million from 3,888 theaters, for a total since opening in previews earlier in the week of $114 million. That sum made «Wicked» the third-highest opener for the year, behind $211 million for «Deadpool & Wolverine» and $154 million for «Inside Out 2», NYT News Service reported. Ridley Scott's "Gladiator II" collected about $56 million in North America, including previews, for a worldwide total since arriving in overseas release earlier this month of about $220 million, as per the report.

Zomato chief executive office (CEO) Deepinder Goyal's recent post listing the criteria for hiring a chief of staff went viral-largely due to the wrong reasons. The social media uproar over the issue of the candidate paying ₹20 lakh to the company and drawing no compensation for a year prompted Goyal to reveal that the requirement to pay ₹20 lakh was just a filter to find the right candidate. It is the second time that the CEO had to issue a retracting statement. Earlier in March, Zomato rolled back its plan to colour code its veg fleet following social media backlash to Goyal's previous day's announcement of the plan. Changing decisions based on social media reaction may appear to be a sign of a responsive management, but repeated instances may create a perception that undermines the decision-making of the top management. It may also attract regulatory scrutiny stock valuation is impacted.

Maharashtra assembly polls were won by a margin of 10,000 or less, with 33 seats having been won by 5,000 or less votes. The opposition tally could have been more disastrous as the numbers show. An analysis of the results show that the 'Ladki Bahin' scheme, the reverse caste polarisation due to the MVA overplaying the Maratha card and the work done by the Sangh led to increased voting for the Mahayuti. The BJP has 17 candidates who won by a margin of 10,000 votes and less. Of these, 10 won by a margin of 5,000 votes and less. In these seats, the BJP benefited due to the votes being divided between the opposition parties.

financial services and investment management firm State Street Corporation has picked up an entire commercial office tower near Mumbai's business district Bandra-Kurla Complex (BKC) from Brookfield Properties through a long-term lease of around 10 years, said people with direct knowledge of the development. The company will be paying a total rental of more than Rs 350 crore for the office spread over around 250,000 sq ft through the entire lease tenure. The Boston-based company has leased the office space spread across the ground plus six-storey tower, which is part of a 10-acre commercial complex Equinox Business Park, to set up its global capability center (GCC) serving clients globally.

On Sunday night, the Manipur government ordered that schools and colleges will remain closed for two more days on Monday and Tuesday, withdrawing its earlier orders. Earlier, separate orders were issued by Director of Education (S), L Nandakumar, and Daryal Juli Anal, Joint Secretary of Higher and Technical Education which said that normal classes for all schools and colleges in Manipur would start from November 25. Educational institutions suspended classes following the large-scale violence over the killing of six civilians, including three women and three minors.

Volodymyr Zelenskyy said Ukraine needs to strengthen its air defences to protect people after its air defence units shot down 50 of 73 Russian drones launched overnight over many regions. «An air alert has been sounded almost daily across Ukraine this week,»Zelenskyy said on Telegram on Sunday. Over the past week Russia used more than 800 guided aerial bombs, about 460 attack drones, and more than 20 missiles of various types, Zelenskyy said.

Yogi Adityanath on Sunday said there are «individuals among us» who are secretly carrying out «anti-national» religious conversions and asked youngsters to be vigilant to put an end to it. Adityanath said this while addressing a special session on the closing day of the three-day 70th National Convention of the Akhil Bharatiya Vidyarthi Parishad (ABVP) held at the Deendayal Upadhyay Gorakhpur University campus. Commending the efforts of Dipesh Nair, co-founder of NGO Teach and recipient of the Prof. Yashwantrao Kelkar Award, the chief minister shared an incident related to «anti-national» religious conversions involving deaf-and-mute children. He recounted that in 2019, following the arrest of two men under false identities for plotting the killing of a seer at a temple, a thorough probe revealed their ties to a religious preacher associated with Batla House in Delhi.