Equality Financial News

Indian American Minorities (AIAM), a newly formed non-governmental organisation, was launched on Friday at Sligo Seventh-day Adventist Church, Maryland. The initiative aims to unite and promote the welfare of minority communities within the Indian American diaspora in the United States. During the event, Prime Minister Narendra Modi was honoured (in absentia) with the Dr Martin Luther King Jr Global Peace Award for Minority Upliftment. The award was jointly presented by Washington Adventist University and AIAM, recognising his efforts towards inclusive development and minority welfare.

Subscribe to enjoy similar stories. Manu S.

Subscribe to enjoy similar stories. Hyundai Motor India Ltd’s lukewarm stock market debut in October was followed by an equally underwhelming maiden quarterly performance. A key disappointment was the 70-basis-point (bps) sequential drop in operating margin, which fell to 12.8% in the September quarter (Q2FY25).

Tax Justice Network's 'State of Tax Justice 2024' report was made public on Tuesday. It has dropped like a grenade into the neatly-raked zen garden of global finance. The report reveals a staggering $492 bn lost annually to global tax- dodging that's lounging in secret offshore accounts, funding billionaire jets, yachts and even booking for future intergalactic travel. This is a tale of two kinds of tax-avoiders: one, corporate; the other, personal. Two-thirds of the total $347.6 bn comes from MNCs playing an elaborate game of offshore hopscotch to underpay taxes. The remaining third, $144.8 bn, stems from HNIs hiding their treasure chests in tax havens. So, who's enabling this grand evasion? Eight countries, the 'Elite Eight', are at the forefront: Australia, Canada, Israel, Japan, New Zealand, South Korea, Britain and the US. Together, these economic heavyweights are responsible for nearly half of global tax abuse losses.

GNFC) on Wednesday said it will form a 50:50 joint venture with Britain's INEOS Acetyls International to build and operate a world-scale acetic acid facility in India. The joint venture will oversee both the plant's operations and coordinate marketing efforts for domestic distribution of acetic acid produced at the facility, the company said in a regulatory filing. The memorandum of understanding, signed on November 20, provides for equal representation on the board of directors and equivalent subscription rights in the new entity, the company said. A formal joint venture agreement is expected to be finalised at a later date.

If you’ve been following the news, you’ve probably heard that investment banking revenues are back. You might even be expecting a bigger bonus as a result. Unfortunately, you may be wrong.

Subscribe to enjoy similar stories. RMZ Digital Infrastructure Partners (RDIP), part of real estate firm RMZ, has entered into a joint venture with Colt Data Centre Services (Colt DCS), a global hyperscale data centre operator, to jointly invest $1.7 billion to develop data centres across cities in India. The equal partnership between RMZ and UK-headquartered Colt DCS plans to build data centres with a combined capacity of 250MW over the next 3-5 years.

Subscribe to enjoy similar stories. Indian citizens are hesitatingly capitalist. Perhaps because of this, Indian politicians are unhesitatingly statist.

Subscribe to enjoy similar stories. Companies are responsible for creating a work environment conducive to mental health and well-being, for which, we need long-term strategies that integrate mental health into the organizational fabric. Evolve from a reactive structure to a proactive culture: Policy and culture differ.

Argentina's Lionel Messi and Brazil's Vinicius Junior had frustrating nights in South American World Cup qualifying. While Messi could not help his team avoid a 2-1 defeat at Paraguay, Vinicius Junior missed a second-half penalty as Brazil was held to a 1-1 draw at Venezuela on Thursday. Argentina will remain on the top of the 10-team round robin competition with a 22 points in 11 matches, Brazil is provisionally in third place in the standings with 17 points. Also on Thursday, Ecuador beat Bolivia 4-0. The Ecuadorians remain in fifth position with 16 points, while Bolivia is in eighth place with 12 points.

Spectrum auction will enable local entities to compete with foreign satellite players who can potentially block entry of Indian companies into Satcom space in future, Reliance Jio said in a letter to telecom regulator Trai on Friday. While opposing the proposal to allocate spectrum to Satcom players without auction, Jio said that Elon Musk-owned Starlink and Amazon's Kuiper combined Satcom bandwidth is more than the capacity built by all three leading Indian telecom operators over the years. «Assignment through the auction will provide an opportunity for Indian entities to directly compete with foreign entities, who have blocked First come First Served based ITU (International Telecommunication Union) priority list, and plan their own constellation. In the absence of clarity and certainty of spectrum assignment/priority, no Indian entity will ever be able to launch its own NGSO ( non-geostationary orbit) constellation,» Jio said.

Premier Doug Ford’s government has signed a $100-million deal with Elon Musk’s SpaceX to deliver high-speed internet to remote residents in rural and northern Ontario.

AJ Bell's investments business has seen its assets under management grow to £6.8bn as at 30 September 2024, up 45%. As such, the OCF for the VT AJ Bell Income and VT AJ Bell Income & Growth funds will be reduced by 15 basis points, from 0.65% to 0.5%, from 1 November. AJ Bell is also offering smoothed income distributions for the two funds, comprising 11 equal monthly income payments and a final balance distribution in month 12. AJ Bell platform AUA up 22% in 12 months to £86.5bn Earlier this year, AJ Bell reduced fees on its Investcentre adviser platform to between 0.2% and 0.0...

Guru Nanak Jayanti is a sacred festival celebrated with deep devotion, primarily by the Sikh community. It marks the birth anniversary of Guru Nanak Dev Ji, the founder of Sikhism. In 2024, devotees will commemorate Guru Nanak Ji’s birth anniversary on Kartik Purnima, which falls on November 15. On November 15, millions around the world will mark the 555th birth anniversary of Guru Nanak Dev Ji, the founder of Sikhism, known for his teachings on unity, compassion, and equality.

Seventy years since the last professional women’s baseball league, another one hopes to give women a chance to shine in baseball

Having a rank above managing director, which you promote people into biannually, has its disadvantages. Any managing director (MD) doesn't get promoted is not happy, particularly if they had reason to believe that they deserved the rise. 

A financially literate and economically empowered female population means more informed financial decisions at the household level, increased savings and investment, and ultimately, a more robust and inclusive economy. In an era of complex financial landscapes, the persistent gender gap in financial literacy remains a significant barrier to women's economic empowerment.

Rahmanullah Gurbaz today smashed several records during the third One Day International (ODI) match against Bangladesh at the Sharjah Cricket Ground. Gurbaz smashed his eighth ODI century in just his 46th match, equaling the world record held by cricketing legends Sachin Tendulkar and Quinton de Kock for the most centuries before turning 23 years old. Notably, Virat Kohli had seven centuries before turning 23. Gurbaz has now a chance to This match also marked Gurbaz's position as the third-fastest batsman to reach eight ODI centuries, trailing only Hashim Amla and Babar Azam.

Equal has secured $10 million (about Rs 84 crore) in its first institutional fundraising, led by Prosus Ventures, Tomales Bay Capital and its founder Keshav Reddy. After the round, the startup achieved a valuation of $80 million, the company said in a statement. Reddy, the scion of the GVK family, which runs the GVK Group, founded Equal in 2016 with Rajeev Ranjan, who was previously director of engineering at Swiggy.

Subscribe to enjoy similar stories. It has been a month since Shri Ratan Tata Ji left us. From bustling cities and towns to villages, his absence is deeply felt across every segment of society.