Financial Financial News

The U.S. presents many obstacles to crypto companies, with a multiplicity of federal and state regulatory agencies having real or potential jurisdiction over the industry. Its unique political environment has contributed to more governmental skepticism toward crypto than is seen in other countries, and high-profile punitive actions by the Securities and Exchange Commission are making many crypto companies nervous about maintaining a foothold in the U.S.

Elon Musk posted an update for users with more information on the rebranding of Twitter to X saying it is part of a larger plan to incorporate financial services on the platform. 

The U.S. Senate Finance Committee is investigating former Apollo Global Management Chief Executive Leon Black’s tax strategies and dealings with the late disgraced financier Jeffrey Epstein, pressing the private-equity billionaire for information on Epstein’s high-price tax advice. Committee Chairman Ron Wyden on Tuesday released a letter to Black that made public the panel’s investigation, which has been going for a year.

Bandhan Financial Holdings (BFHL) has entered into an agreement to acquire the entire stake of Aegon and Bennett, Coleman & Co. Ltd (BCCL) in Aegon Life Insurance. The insurance buyout will allow Kolkata-based Bandhan, which began as a microfinance company, to expand its remit beyond banking and asset management.

Tamilnad Mercantile Bank Ltd has set a target of 12-15 per cent growth on its deposits and advances during the current financial year, its MD and CEO said on Monday. The Tuticorin-headquartered bank, which has been operating for over 100 years, has recorded a 11.53 per cent on its net profit for the April-June 2023 quarter at Rs 261.23 crore as compared to Rs 234.21 crore registered in the same period of last year.

Financial regrets are commonplace, with almost three-quarters of Americans admitting in a recent poll that they have at least one.

«Yes, 40 is a great milestone. And I think some people often these days are saying 40 is a new 20 because with every generation, we are looking younger as we age right,» says Aditya Agarwal, Co-Founder, Wealthy.in.So 40, a very crucial age group where a few of us might be having a few of their financial goals almost round the corner and getting completed. And then you are looking at retirement or maybe if you are aware enough, you might have just started investing for retirement. But financially speaking, ideally, what kind of age group or what kind of space you should be in your 40s?Yes, 40 is a great milestone.

Larsen & Toubro, incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 363516.25 Crore) operating in Construction sector. Larsen & Toubro key Products/Revenue Segments include Income From Construction Work, Income from Manufacturing and Trading Activities, Other Services, Other Operating Revenue, Property Development, Service (Engineering), Commission and Lease Rentals for the year ending 31-Mar-2022.Financials For the quarter ended 31-03-2023, the company has reported a Consolidated Total Income of Rs 59076.06 Crore, up 25.31 % from last quarter Total Income of Rs 47144.75 Crore and up 10.70 % from last year same quarter Total Income of Rs 53366.26 Crore.

Ashok Leyland, incorporated in the year 1948, is a Large Cap company (having a market cap of Rs 54523.88 Crore) operating in Auto sector. Ashok Leyland key Products/Revenue Segments include Commercial Vehicles, Spare Parts & Others, Sale of services, Engine & Gensets, Ferrous Castings, Scrap, Export Incentives, Other Operating Revenue for the year ending 31-Mar-2022.Financials For the quarter ended 30-06-2023, the company has reported a Consolidated Total Income of Rs 9735.45 Crore, down -26.43 % from last quarter Total Income of Rs 13233.16 Crore and up 34.31 % from last year same quarter Total Income of Rs 7248.49 Crore.

By Sanjeev Kumar

Vodafone Idea (Vi) has failed to renew some lapsed bank guarantees (BGs) — some as low as Rs 99 lakh — and sought more time from the Centre to replenish them, underscoring the precarious financials at the debt-laden telco that is continuously losing subscribers to two of its bigger rivals. «Due to our weak financial position, we are not in a position to issue replacement BGs of Rs 99 lakh and Rs 32.49 crore as this requires 100% cash margin to be provided to the banks,» Vi said in a letter dated July 7 to the Controller General of Communication Accounts (CGCA-revenue wing) in the Department of Telecommunications (DoT). The telco also said it has been unable to renew additional BGs of undisclosed sums issued by Kotak Mahindra Bank due to its continuing financial constraints. ET has seen a copy of the letter. Kotak's BG exposure to Vi, at present, is within Rs 10 crore, a person aware of the developments told ET.

PMI Electro Mobility on Saturday said it has signed an agreement with public-sector enterprise REC Limited to provide finance for its commercial EVs. PMI Electro Mobility MD Satish Jain said the signing of the memorandum of understanding (MoU) took place during the "Green Finance" Summit organised by REC Limited (formerly Rural Electrification Corporation) on the sidelines of the Clean Energy Ministerial and Energy Transition Working Group Ministerial meeting, which culminated on Saturday.

earning money also causes anxiety and trauma. People who are unemployed or under-employed are its biggest victims," says Bhopal-based psychologist Dr Kakoli Roy. One of the impacts of financial trauma is an inferiority complex.

capital market ecosystems while adopting platform-driven product design and delivery approach to service the clients’ needs. They particularly note the growth potential in the emerging international segment, bolstered by the strategic acquisition of Hexagram’s fund accounting platform, while Indian MF RTA and issuer solutions provide a direct play on the surging Indian domestic capital markets and prospective AUM growth. Based on a projected FY25E EPS of Rs15, the recommendation is to initiate a BUY on the stock with a target price of ₹450.

On Thursday, Senior House Republicans presented legislation to resolve the regulatory ambiguity surrounding the digital asset industry. 

Further growth this week for LPL Financial as a duo of advisors join the firm’s employee advisor channel.

free CIBIL score check, you get access to your score and the report. Understanding the latter is crucial, as there is a lot of information in your report. This information will help you better determine which steps you need to take to improve your financial well-being.

share price of RIL ex-JFSL was valued at ₹2,580 per share while Jio Financial Services at ₹261.85 per share.  In line with RIL's exchange filing on the subject of the cost of equity shares post the demerger, the cost must be apportioned as 95.32% towards Reliance Industries Limited and the residual as cost to acquire holdings in RSIL.  “For instance, if RIL shares were acquired on some day before the demerger at an effective rate of ₹2,800, ₹2,669 (95.32% of ₹2,800) must be considered as the cost of acquiring shares of RIL. The residual ₹131 ( ₹2,800 - ₹2,669) must be considered as the cost of acquiring shares of RSIL for the purpose of computing capital gains," said Abhishek Soni CEO and Co-founder Tax2win Tax and investments expert Balwant Jain said shares are considered capital assets under income tax law, and any gain on their sale is treated as capital gains.

We take a look at what analysts are saying on the stocks of the Nifty financial service index.This becomes important because in the first six months of this year whenever markets have faced pressure, it is the financial services and banks stocks which have helped it move upward. The kind of pressure Infy is bringing, these stocks would again become an important balancing factor.

Jio Financial Services (JFSL), the demerged financial services business of Reliance Industries, has been valued at ₹1.66 lakh crore after its stock was priced at ₹261.85 per share following a special trading session on Thursday. The stock price was above Dalal Street's expectations of ₹160-200 apiece, catapulting Jio Financial's market capitalisation above established lenders such as IndusInd Bank, Bank of Baroda, PNB or Canara Bank. The 'constant price' of Jio Financial was discovered in a session held on the NSE on Thursday between 9 AM and 9.45 AM.

NEW DELHI : Byju’s former statutory auditor Deloitte, in a regulatory filing in June, signalled concerns about alleged weaknesses in internal financial controls within Think & Learn Pvt. Ltd, the company that runs the tutoring service, official documents filed with the registrar of companies (RoC) showed. The digitally signed report from the auditor has only one attachment—the resignation letter shared with the board, and no further reference to any lapses in the company, showed the document accessed by Mint from the government’s website for statutory filings of companies.