Electronic Financial News

INDIA bloc, the alliance leader and JD(U) MP Sunil Kumar Pintu on Wednesday said that the meeting was just restricted to tea and biscuits and concluded without any discussion on any serious issue. Speaking to ANI, JD(U) MP Sunil Kumar Pintu said, «In the meeting yesterday, big leaders of several parties had come for sharing in the alliance. But no discussion on the same could be done.

₹33 to ₹35 per share. The minimum lot size for an application is 4000 shares. The minimum amount of investment required by retail investors is ₹140,000.

Bharatiya Nyaya (Second) Sanhita, which was passed by the Lok Sabha on Wednesday and seeks to replace the Indian Penal Code (IPC) of 1860. * Twenty new offences have been added in the Bharatiya Nyaya Sanhita (BNS) * Nineteen provisions that existed in IPC have been deleted * In 33 offences the punishment of imprisonment has been increased * In 83 offences the punishment of fine has been enhanced * In 23 offences the mandatory minimum punishment has been introduced * In six offences the punishment of 'community service' has been introduced Major Changes: * Definition of child is introduced * Transgender is included in the definition of 'gender' * Electronic and digital records are included in the definition of document * The definition of 'movable property' is widened to include property of every description * New chapter on offence against woman and child is introduced * New chapter on 'inchoate offences' (attempt, abetment and conspiracy) is introduced * New offences like organised crime, terrorist act, petty organised crime, hit and run, mob lynching, hiring child to commit offence, sexual exploitation of woman by deceitful means, snatching, abetment outside India, acts endangering the sovereignty, integrity and unity of India, publication of false or fake news etc.

Germany’s federal prosecutor has filed a motion for asset forfeiture concerning more than 720 million euros or $789 million of frozen Russian money

cyber police in Kashmir has registered a case in an alleged multi-crore fraud by Curative Survey Private Limited, a company that has duped hundreds of people across Jammu and Kashmir in lieu of providing sustained monthly income after paying registration fee and participating in online surveys. The cyber police has conducted searches at around six places, seized documents and electronic gadgets in connection with the case and questioned around two dozen people who were associated with the company here. The police have frozen several identified accounts operated by the company and sent teams outside J&K following the money trail and digital footprints of the people associated with the company. The Curative Survey Private Limited is a private limited Non-Government company incorporated in India on 20 July 2023. Its registered office is in Jammu.

Japanese shares need to jump five large hurdles in early 2024 to build on their mighty rally this year.

Jyoti CNC Automation has received a nod from the Securities and Exchange Board of India (Sebi) to launch its initial public offer (IPO). The company’s initial public offering comprises a fresh issue of Rs 1,000 crore. The company had filed its Draft Red Herring Prospectus (DRHP) with the market regulator in September 2023. The company proposes to utilise the net proceeds towards repayment and/or pre-payment of some of its loans in full or part, a company release said on Wednesday. The company had availed funding for long-term working capital requirements and general corporate purposes. Jyoti CNC Automation claims to be the second-largest CNC machine manufacturer in India accounting for approximately 8% of the market share in fiscal 2022.

equity market. They have the potential to give you returns that beat the large caps; yet if they fall they have the potential to set you back by a pretty packet. And yet there are the experts who make money, in these very same tricky waters.

It’s been almost a month since news broke of an alleged plot to assassinate pro-Khalistan figure Gurpatwant Singh Pannun in the United States, with possible Indian involvement. In the weeks since, India and the US have scrambled to minimise damage to their relationship. Mint takes a look at how the two countries have responded and the impact on India-US relations.

Narendra Modi government's vision of gender inclusivity to new heights. In a major push to promote inclusivity this year, Defence Minister Rajnath Singh approved a proposal for extending the rules for maternity, child care and child adoption leave for women soldiers, sailors, and air warriors in the armed forces on a par with their officer counterparts. Besides this, Chief of Naval Staff Admiral R Hari Kumar said on December 1 that more than 1,000 women Agniveers have been incorporated into the Indian Navy.

Kraken Ventures, Fabric Ventures, Arca, and Inovo.vc joined the round as well as existing investors Speedinvest, Credo Ventures and Seedcamp. Fiat secured $3.5 million in financing in 2022.The startup offers a single API integration coupled with a single compliance touchpoint, providing crypto platforms with access traditional transaction banking services, cutting the time and cost of processing fiat currencies.The company is also building a coalition of crypto platforms to "transform the perception of cryptocurrencies in traditional financial circles and focusing them on seeking partnership rather than conflict".Meanwhile, Fiat has been granted a full electronic money institution licence by De Nederlandsche Bank, enabling it to provide regulated financial services across the European Economic Area.

Pentagon planners worried about the increasing threat from drones have looked at everything from mesh nets and missiles to cannons and lasers, but now a once highly-classified technology is attracting more attention and funding. High-power microwave devices that can disrupt or even fry the electronics of aerial threats—such as drones and missiles—are moving to the forefront of defense strategies after years of development. In theory, microwave systems offer the ability to keep firing for as long as they have power, which could help take down a swarm of drones.

credit cards. Interest payments on credit cards carry 18% GST. So, your monthly instalments are not made up of just principal and interest but also carry 18% GST charged on the interest component built into the instalment.

Ministry of Electronics and Information Technology (MeitY) said on Tuesday. S Krishnan, Secretary Ministry of Electronics and Information Technology said that even at 15 per cent value addition, the employment potential is immense and the government is prepared to support this endeavour by the entrepreneurs. Speaking at the Merchants Chamber of Commerce and Industry here, Krishnan said «Electronics manufacturing in the country is an important part of the new policy of the government.

Mint in a recent interview that foreign investors are keen on India especially at a time of slowing global growth. But they want to have access to all the information needed for calculating the costs and rate of return on their investment before making a decision. Stephenson’s point is that the return on investment has to be higher than the cost of capital.

Global NCAP, Bharat NCAP is poised to initiate its first round of vehicle testing from the specified date. Formally launched in August, it serves as India's independent vehicle assessment program. India joins the ranks of the United States, China, South Korea, and Japan as the fifth country globally to have its own domestic car crash test facility.

NeSL, incorporating their expertise in e-Stamping and e-Sign. This integration eliminates the traditional physical signing and stamping processes, seamlessly transitioning into a secure and efficient digital format.

Iran’s state TV says nearly 70% of the nation’s gas pumps are out of service after possible sabotage — a reference to cyberattacks

House Rent Allowance (HRA) option if provided by employer as a part of salary. But one question that usually crops up is whether both rent receipts and rent agreement required as proof to make the claim? «Rent agreement is important but may not be a sufficient document on its own to claim HRA exemption for tax purposes,» says Akhil Chandna, Partner, Grant Thornton Bharat. «Rent receipts serve as evidence that the employee has actually paid the rent amount mentioned in the rent agreement. Hence, it is advisable for an employee to maintain rent receipts along with the rent agreement; and furnish these before the assessing officer when questioned.» Mere execution of a rent agreement does not guarantee actual rental payments, explains Tarun Kumar Madaan, Tax Head, Coherent Advisors. «Some individuals may execute rent agreements with family members but not make rental payment transactions. In such cases, the absence of rent receipts and proof of actual payments could lead to the denial of the HRA claim by the assessing officer.»

NEW DELHI : The government in collaboration with the World Bank is working on a proposal to improve air conditioning technology—in anticipation of a spike in use over the next 20 years—to cut carbon emissions, said a senior government official. These super-efficient air conditioners will be 30-40% better than the 5-star ones available now.

NEW DELHI : Bhavish Aggarwal, cofounder of Ola Cabs, has announced a startup that he said is building “India’s own" foundational artificial intelligence (AI) model. The government, too, has been speaking about an India AI Programme. What exactly is ‘Indian’ AI? Mint decodes: What is colloquially referred to as ‘Indian’ AI is currently aspirational, referring to datasets that foundational AI models are trained on.