Digital Financial News

Canada's public health agency on Friday confirmed the first case of clade I mpox in Canada, in an person in Manitoba.

Bharat Connect for Business. Developed by NPCI Bharat BillPay Limited (NBBL) and formerly known as Bharat Bill Payment System (BBPS), Bharat Connect offers a comprehensive “Anytime, Anywhere Bill Payment” solution. The platform has already revolutionized bill payments in India by providing a unified platform for seamless interactions between billers and customers.

Bandra East (Vandre East) Assembly seat has become a focal point in the Maharashtra elections, as two young leaders from influential political families, Zeeshan Siddique and Varun Sardesai, go head-to-head. Zeeshan Siddique, representing the Ajit Pawar-led NCP, is the son of the late NCP leader Baba Siddique, who was murdered earlier this year. Opposing him is Varun Sardesai, nephew-in-law of Uddhav Thackeray, contesting on behalf of the Shiv Sena (UBT) under the MVA alliance.

Massachusetts Institute of Technology (MIT) announced on Wednesday a significant expansion of its financial aid program. Starting next fall, undergraduate students whose families earn less than $200,000 annually will not pay tuition. For families earning under $100,000, MIT will cover additional costs, including housing, dining, fees, and allowances for books and personal expenses.

Donald Trump has chosen Russ Vought, a key architect of "Project 2025," the controversial conservative plan to overhaul the government, to be director of the U.S. Office of Management and Budget, a powerful agency that helps decide the president's policy priorities and how to pay for them.

BJP leader Babulal Marandi claimed with confidence that the BJP-led NDA would win over 51 seats and form the government in the state, citing corruption in the incumbent administration as the key reason.

Jharkhand assembly election 2024 was held in two phases, with the first phase on November 13 and the second phase on November 20. The results are scheduled to be declared on Saturday.

private military contractor group were killed in an attack in central Mali, according to a Reuters report citing the SITE Intelligence Group. The assault was claimed by an al-Qaeda affiliate in North Africa, highlighting the volatile security situation in the region. This incident underscores the persistent dangers faced by Wagner forces operating in Mali, where they are deployed to support the military junta, Reuters reported.

Maha Vikas Aghadi (MVA) and the Mahayuti alliance are leaving no stone unturned to secure their positions. Elaborate measures, including booking five-star hotels, arranging chartered flights, and initiating negotiations with Independents, indicate the high stakes involved in forming the next government, a TOI report stated.

Vedanta Ltd on Friday said the Mumbai bench of the NCLT has asked the company to call for a meeting of its secured and unsecured creditors and shareholders in the next 90 days to discuss the proposed demerger. The proposed demerger will create independent companies housing aluminium, oil and gas, power, steel and ferrous materials, and base metals businesses. The existing zinc and new incubated businesses will remain under Vedanta Ltd. «A meeting of the equity shareholders… be convened and held within 90 days from the date of receipt of the order,» said a two-member bench of the National Company Law Tribunal (NCLT) comprising Technical Member Madhu Sinha and Judicial Member Reeta Kohli in its order dated November 21. Vedanta Chairman Anil Agarwal had earlier said the proposed demerger of the company's diverse verticals that represent more than 15 commodities will see it progress from being asset managers to asset owners.

Some global banks are considering temporarily halting fresh credit to the Adani Group after the U.S. indictment but maintaining existing loans, sources told Reuters. Ratings agency S&P warned in a statement that the group will need regular access to equity and debt markets given its large growth plans, but it might find fewer takers.

Adani Group's ambitious plan to invest more than $100 billion (~₹85,000 crore) in the energy transition business and scale up its renewable energy operations over the next decade could face delays following the indictment of the conglomerate and its founder-chairman Gautam Adani by the US Department of Justice and the Securities and Exchange Commission, according to analysts. The majority of the investment is geared towards building facilities to manufacture electrolysers for producing green hydrogen, wind power turbines, and solar panels, besides establishing solar parks. Adani Group's renewable energy arm Adani Green Energy (AGEL), also India's largest renewable energy company, follows a debt-fuelled growth model with a 70:30 debt-equity structure like most peers.

The historical drama, set against the backdrop of the 19th-century Austrian Empire, chronicles the love story between Elisabeth von Wittelsbach and Emperor Franz Joseph, as per a report by Radio Times. As the second season unfolds, fans are left wondering: Will the Empress return for a third season?

Adani Solar USA and Adani Green Energy Ltd India based on a complaint filed by a Chinese firm about alleged violations of its patents on solar cells, modules, panels, components and products made from such components. The United States International Trade Commission (USITC), earlier this month, said that an «investigation be instituted to determine whether there is a violation… of section 337 in the importation into the US, the sale for importation, or the sale within the US after importation of certain products identified… in infringement of one or more… patent and claims». The complaint, filed by Chinese photovoltaics company Trina Solar in September, claimed that an industry in the US exists or is in the process of being established. Besides the Adani companies, various firms of Chinese solar module maker Runergy will be investigated for the alleged infringement of intellectual property rights.

Vivek Ramaswamy have been appointed by US President- elect Donald Trump to lead the newly announced Department of Government Efficiency (DOGE), aimed at significantly reducing the federal workforce and eliminating numerous regulations. USA Today reported that in a recent op-ed for the Wall Street Journal, they eventually argued that the anticipated reduction in regulations would necessitate fewer federal employees, suggesting large-scale firings and relocations of agencies outside Washington DC. According to USA Today, the duo contends that Donald Trump has the executive authority to nullify many regulations without congressional approval while citing the recent Supreme Court rulings that support their claims. They plan to work with appointees within federal agencies to identify the minimum staffing required for essential functions. Although DOGE is eventually described as a department but it operates more like an advisory commission without formal authority, asserted USA Today.

Episode 9 will mark the beginning of this high-octane return, featuring a gripping two-part thriller that will turn the spotlight on Maddie’s harrowing ordeal when she is taken hostage by a serial killer, as mentioned in a report by Collider.

RBI) injected funds into the banking system as the weighted average call rate, a barometer for short-term borrowing costs, rose 23 basis points above the policy repo rate at 6.73% on Friday. Surplus liquidity in the banking system shrank to ₹84,154.75 crore due to monthly GST outflows. This is akin to a fine-tuning exercise to manage call rates near the repo rate, as monthly tax outflows drew surplus liquidity out of the banking system, money market experts said. The RBI injected funds worth ₹25,000 crore via a variable rate repo auction (VRR) to ensure that recent overseas outflows from local debt and equity do not drive up banks' cost of funds, analysts said. This is the second such auction that the RBI has conducted post its change in stance to neutral from withdrawal of accommodation.

Adani Group's gross assets swelled by ₹75,277 crore in the first half of this fiscal year as the diversified conglomerate accelerated capital spending across projects, said people close to the matter. Gross assets are on track to reach a record ₹1.2 lakh crore by March-end, the people said. The surge in assets sparked a 7% or ₹16,882 crore increase in gross debt in the fiscal first half to ₹2,58,276 crore. The group's liquidity to service debt has fallen to 28 months as of September-end, from more than 30 months at the end of March. The Ahmedabad-based conglomerate has been battling turmoil over the past two days with promoter Gautam Adani, his nephew Sagar Adani, along with six others indicted by the US Department of Justice. The charges include securities and wire fraud, alleging the group lied to US investors about its anti-bribery practices while engaging in widespread corruption.