Experts Financial News

Sahara group's prolonged legal battle with market regulator Securities and Exchange Board of India will continue in the Supreme Court despite the death of group chief Subrata Roy, said legal experts, including the lawyers of the two sides. Sebi had in 2013 filed a contempt of court case, accusing the Sahara group of not complying with a top court order for the refund of more than '24,029 crore collected by two Sahara entities from 33 million bond investors, with an interest of 15% from March 2008. Sahara India Real Estate Corporation and Sahara Housing Investment Corporation had illegally raised the funds by breaching Sebi rules, the regulator had claimed. The Supreme Court had ordered the companies to deposit the funds with the market regulator to refund the investors and appointed retired SC judge Justice BN Agarwal to oversee the process.

Former Kansas City Federal Reserve Bank President and CEO Thomas Hoenig discusses potential for a recession during his appearance on 'Mornings with Maria.'

₹25,000 crore lying with the capital markets regulator for distribution to its investors. Criminal proceedings initiated against Roy, experts said, will be suspended following his death. In 2011, regulator Sebi ordered two Sahara group firms—Sahara India Real Estate Corp.

Bank of India (RBI) has barred Bajaj Finance Ltd from lending under its eCOM and Insta EMI Card products. “This action is necessitated due to non-adherence of the company to the extant provisions of digital lending guidelines of Reserve Bank of India, particularly non-issuance of key fact statements to the borrowers under these two lending products and the deficiencies in the key fact statements issued in respect of other digital loans sanctioned by the company," the RBI said in a press release on Wednesday. The regulator said it will review the supervisory restrictions after the company rectifies deficiencies to the RBI’s satisfaction.

(Reuters) -The U.S. Food and Drug Administration's reviewers on Wednesday flagged concerns that data on Merck's chronic cough drug might not be sufficient enough to prove the treatment's meaningful benefit, documents released ahead of their meeting this week showed.

propelled to power last year following an economic crisis, appear to grow further as he has disappointed the hard-right of the Conservative Party following the defeat of the government's Rwanda migration policy in the Supreme Court. The task for Sunak is cut out: finalising a new agreement with Rwanda thay may address the apex court's concerns if in case a review petition is filed, and pacifying the right-wing of the Tory party which has already shown signs of revolt.

insurance plans, according to industry executives. And that is because of the huge commissions dangled by the insurance sector. Industry executives aver that guaranteed insurance plans make up for a bigger chunk of the financial instruments marketed by relationship managers.

₹7,630 crore in the first fortnight of November. The domestic institutional investors (DIIs) won the tug of war and remained net buyers in the first 15 days of the month. As per the NSE data, FIIs cumulatively bought ₹15,620.95 crore of Indian equities, while they sold ₹15,070.76 crore --- resulting in an inflow of ₹550.19 crore on Wednesday.

"Gandha hai par dhandha hai," says a man in a recording of a conversation accessed by Mint. That Hindi saying, loosely translated, means that a dirty job is still a job. The man speaking is apparently a senior information technology (IT) official at Bank of Baroda (BoB).

Yemen have chanted slogans at their mass rallies calling for the destruction of Israel. But they never acted on it until the Israel-Hamas war began on Oct. 7. Since then, the Iran-backed Shiite Muslim force has launched at least six drone and missile attacks toward southern Israel, causing little to no damage.

The United States is working on a digital dollar but is unlikely to actually launch one anytime soon, according to Bank of America.

Estonia’s Prime Minister Kaja Kallas is signaling that she's willing to put her name forward for NATO’s top job when it falls vacant next year

heat in the coming decades, an international team of experts said Wednesday, warning that without action on climate change the «health of humanity is at grave risk». Lethal heat was just one of the many ways the world's still-increasing use of fossil fuels threatens human health, according to The Lancet Countdown, a major annual assessment carried out by leading researchers and institutions. More common droughts will put millions at risk of starving, mosquitoes spreading farther than ever before will take infectious diseases with them, and health systems will struggle to cope with the burden, the researchers warned. The dire assessment comes during what is expected to be the hottest year in human history — just last week, Europe's climate monitor declared that last month was the warmest October on record. It also comes ahead of the COP28 climate talks in Dubai later this month, which will for the first time host a «health day» on December 3 as experts try to shine a light on global warming's impact on health. Despite growing calls for global action, energy-related carbon emissions hit new highs last year, the Lancet Countdown report said, singling out still-massive government subsidies and private bank investments into planet-heating fossil fuels. Last year people worldwide were exposed to an average of 86 days of life-threatening temperatures, according to the Lancet Countdown study.

The NSE Nifty50 index settled 1.19% higher at 19,675, while the S&P BSE Sensex rose 1.14% to 65,675. The Nifty50 logged its best single-day gain since March 31 and closed at the highest level since October 18. Here's how analysts read the market pulse: «On the daily charts, we can observe that the narrow range of the last few trading sessions has been decisively broken on the upside.

Loose rocks have been falling into a tunnel that rescuers are trying to create and this is the main challenge facing the operation at the moment, said a top official in Uttarakhand state, where the disaster occurred. The men are trapped in an area of about 50 metres and are safe, officials said, with food, water and oxygen being supplied through a pipe since the collapse early on Sunday, and frequent contact is being made with them through walkie-talkies. «The plan is to drill through the debris, put mild steel pipes in it and make a path for the labourers to move,» Ranjit Sinha, the top disaster management officer in Uttarakhand, told Reuters by phone. «The only challenge is to remove the debris as it is very loose and it keeps coming back.» India's Himalayas are prone to landslides, earthquakes and floods. The tunnel collapse follows incidents of land subsidence that have been blamed on rapid construction in the mountains. A high-powered auger drilling machine is being set up at the site to cut through the debris at 2.5 metres an hour as opposed to one metre by the previous machine that suffered a glitch, Sinha said. An estimated 50 metres remains to be drilled through before the trapped workers are reached, said Anshu Manish Khalkho, an official of the state-run highway management company NHIDCL. CRITICISM There were up to 60 men on the night shift in the 4.5-km (3-mile) tunnel when it caved in before dawn.

Target's stock has lost a quarter of its value in a turbulent year marked by elevated inflation. Shoppers have squarely focused on food and essentials, while showing reluctance to spend on home goods, electronics, toys and apparel that are deemed less essential. With nearly half of Target's sales coming from these less essential categories, its sales have fallen in the past two quarters, but the retailer has been about to eke out a higher profit on tighter inventory management and cost controls in other parts of its business, such as logistics. On Wednesday, the company forecast adjusted earnings to land between $1.90 and $2.60 per share.

A new COVID-19 subvariant called HV.1 is gaining traction across Canada, but whether or not it is more contagious than past variants remains to be seen, according to health experts.

The Dow Jones Industrial Average rose 79.02 points, or 0.23%, at the open to 34,906.72. The S&P 500 opened higher by 9.60 points, or 0.21%, at 4,505.30, while the Nasdaq Composite gained 52.89 points, or 0.38%, to 14,147.27 at the opening bell.

Religare Enterprises is “fair” even as they wait for regulatory approvals on their proposal. In an interview to ET, he said he hopes that shareholders will tender their shares in the open offer as the price presented is higher than Religare’s current market rate. Once the open offer is concluded, the Burman family, currently the largest shareholder of Religare, will nominate their directors to the board of the financial services company. Burman said he is surprised by the behaviour of the Religare board, which had backed the open offer but is now against it.

The European Union proposes to make labor migration easier for specific jobs where the 27 nations can no longer find a local talent pool

The Department of Energy is making a push to strengthen the U.S. battery supply chain — the minerals and parts that go into batteries