Equality Financial News

NEW DELHI:New Delhi: Gentari Sdn Bhd, a unit of Malaysia’s state-run oil and gas company Petroliam Nasional Bhd (Petronas) that has been actively scouting for green energy assets in India, is now planning a minority fund raise in its proposed commercial and industrial (C&I) projects in an equity deal valued at around $400 million, two people aware of the development said.This will involve a stake sale of up to 49% in its 3.5 gigawatt (GW) assets that will supply electricity to a unit of AM Green, set up by Mahesh Kolli and Anil Kumar Chalamalasetty, founders of Greenko Group. The unit will produce 5 million tonnes per annum (mtpa) of green ammonia that is equivalent to about 1 mtpa of green hydrogen.

neobanking startup Jupiter has secured a prepaid payments instrument licence from the Reserve Bank of India. This will allow the Bengaluru-based startup to offer digital wallets to its users for making UPI payments, transferring funds, besides paying bills.

Telecom operators will have to remain content with a 20-year lease of spectrum as the department of telecommunications (DoT) has decided not to extend the same to a 30-year period.

The Federal Reserve on Wednesday kept its key interest rate unchanged and signaled that just one cut is expected before the end of the year.

Supreme Court seeking transfer of petitions filed by NEET-UG candidates before several high courts over alleged random grant of grace marks, paper leak and anomalies in evaluating answers to certain questions, the Delhi High Court was informed on Wednesday. A vacation bench of Justice Neena Bansal Krishna, meanwhile, issued notice and asked the NTA to respond to four petitions filed by National Eligibility-cum-Entrance Test-Undergraduate (NEET-UG), 2024 candidates raising these grievances.

Titan Company, CLSA has an outperform rating on Tata Motors and Citigroup recommended a buy on IndusInd Bank. We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

—Name withheld on request.

Calculator app for iPad users has been a long-standing quirk, often joked about and memed across social media platforms. However, Apple has finally addressed this void with a feature-rich Calculator app, boasting a resizable window, a convenient sidebar for recent calculations, and groundbreaking Math Notes integration.

Home equity is near all-time highs. But tapping it may be tough due to high interest rates, according to financial advisors.

speculation is rife over a BJP-TDP tussle over more cabinet berths and Lok Sabha Speaker's chair, BJP's Andhra Pradesh unit president Daggubati Purandeswari maintained that the TDP-JanaSena-BJP alliance is a «case study» in how coalitions should work and that it will hold strong both at the state and Centre level.

Taxpayers often get confused about taxation rules pertaining to under-construction properties in India. The under-construction or pre-possession period refers to the duration between the start of a home loan and completion of the construction of the property under consideration. As per the income tax laws, tax benefits on loan for an under-construction property can be claimed in 5 equal installments starting from the financial year in which the homebuyer gets possession of the house.

Now that Narendra Modi of the Bharatiya Janata Party (BJP) has taken oath as Prime Minister of India for the third time, virtually every move of his new government will be studied for clues of an imprint left by the Telugu Desam Party (TDP) and Janata Dal-United (JDU), allies on which the regime will depend for a majority in Parliament henceforth. Signs of cohesion are likely to cheer the stock market, and the key to coalition success lies in recognizing that politics need not be a zero-sum game, but political constraints can’t be ignored.

₹45,000 crore in assets, Waterfield is currently India’s largest registered investment adviser. The firm is majority-owned by Rajan but has minority stakes held by the Patni Family Office and Zephyr Management, its overseas partner. Excluding her stake in Waterfield, the bulk of Rajan’s money is in the public markets.

Water is essential to life. So, while it needs to be politicised — in the sense of its universal availability being part and parcel of the state's delivery bouquet — playing politics with water is, to put it mildly, bad form. Last week, the Supreme Court underscored this fact again when it ordered the BJP-ruled Haryana government to facilitate the flow of 137 cusecs of surplus water from Himachal Pradesh to AAP-ruled Delhi 'without any hindrance'. The order is welcome. Delhi had approached the top court earlier, stating that record-high temperatures have led to an excessive surge in water demand, leading to shortage. It also claimed that though it had taken all administrative measures to ensure optimised, rationed and targeted water supply across the city, shortage remained acute.

Distance is a curious thing. In cricket, 22 yards is the one most spoken about, because it’s the length of the pitch. In geography, when India play Pakistan, even that is shortened, given the contentious border the two countries share.

investors always want to know how many years it will take to double, triple or quadruple their investments. The last rule in the list is Rule 144 which tells how many years your investments will take to quadruple.

National Democratic Alliance (NDA) partners from various states will follow suit, including those where the BJP has gained power for the first time, such as Odisha. Regardless of who raises these demands, it is clear that central-state financial relations may need to be redrawn. This is not entirely surprising, given the ongoing tussles over these issues.

Prime Minister Narendra Modi emphasised at the first NDA parliamentary party meeting of the 18th Lok Sabha on Friday that the grouping has lasted over three decades because it is a «organic alliance” dedicated to nation-building. Modi, who will lead a coalition government for the first time in his career, noted that the NDA has lasted over 30 years and is India's most successful pre-poll coalition.

India's challenge ended at the Indonesia Open Super 1000 tournament with star shuttler Lakshya Sen bowing out in the quarterfinals of the men's singles event here on Friday. Sen, ranked 14th in the world, fought hard before going down 22-24 18-21 against world no.5 Anders Antonsen of Denmark in a match that lasted one hour and one minute.

America and Germany fell out of the top 20. War- and revolution-racked Afghanistan held the bottom spot in the ranking of 143 countries, with a score of only 1.7 compared with Finland’s 7.7 and Denmark’s 7.6.Gender equality, trust in national institutions and fellow citizens, and low corruption are all important factors in Finns’ happiness, says Kai Sauer, Finland’s ambassador to Germany. In 1906 Finland became the first country in the world to give women both the full right to vote and to run in parliamentary elections.

Narendra Modi today criticized the opposition INDIA bloc, expressing concerns about allegations of Electronic Voting Machine (EVM) tampering. Speaking at a meeting of newly elected MPs of the alliance in Parliament, Modi remarked, «When results were coming out on June 4, I was busy with work. Phone calls started coming in later. I asked someone, numbers are fine, tell me EVM zinda hai ki mar gaya (Is the EVM dead or alive). Before 4 June, these people (opposition) were constantly blaming EVMs and they were determined to make people lose faith in the democratic process of India.»