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WisdomTree, Inc. (NYSE: WT), a prominent global financial entity, has declared its intention to close and liquidate five of its ETFs. The ETFs in question will cease accepting creation orders after October 20, 2023, marking the same day as their final trading day on their respective exchanges.

Finolex Cables has not yet disclosed the outcome of voting by shareholders pertaining to the resolution related to the reappointment of Deepak Chhabria as an «executive chairman» in its annual general meeting (AGM) held on September 29. Finolex Cables' scrutiniser, in a disclosure submitted to the stock exchange, has revealed that, in light of the Supreme Court's directive, the voting results are kept in abeyance until the National Company Law Appellate Tribunal (NCLAT) passes its final orders. This development has arisen amid an ongoing dispute between the two cousins, Prakash Chhabria and Deepak Chhabria. Finolex Cables had proposed a resolution for reappointing Deepak Chhabria for five years, from July 1, 2023, to June 30, 2028. Last Tuesday, the Supreme Court vacated the NCLAT's interim direction and allowed Orbit Electricals, led by Prakash Chhabria, to vote at the Finolex Cables AGM.

Dunzo is seeking a final nod from its board to raise up to $35 million through a rights issue even as some of its investors are of the view that the valuation of the beleaguered startup be slashed to about $200 million — or one fourth of its peak value of $800 million – for the critical financing round, several people aware of the matter said. While a few of the existing investors have committed around $10-15 million in capital at the reduced valuation, the company’s board is yet to clear the proposal, they added. Further, a meeting scheduled for last week is now expected to take place later this week. Company founder and CEO Kabeer Biswas is expected to seek clearance from the board, including top shareholders like Reliance Retail, Google and others, in the coming days to close the much needed funding, the sources said.

By David Shepardson

Adani Wind, the wind energy solutions division of Adani New Industries (ANIL), plans to invest ₹2,000 crore in setting up 5 GW (giga watt) capacity in five years, a senior company official told ET. Thereafter, the capacity would be scaled up to 10 GW in another two years, by 2030. «We will be expanding our capacity in four phases.

renewable energy capacities that are auctioned through designated agencies, which will help make the electricity tariff uniform for power distribution companies. The plan is to create separate pools for solar, wind, hybrid, and other projects based on the technologies for around five years, people aware of the development told ET. A weighted average of the tariffs from the capacities in the pool will be determined, which could be revised monthly, they said.

₹59,192 crore as of 30 June, doubling in the past year from ₹26,799 crore, according to regulatory filings. Vedanta Resources’ Indian units, Hindustan Zinc Ltd and Vedanta Ltd, paid out a total dividend of $4 billion and $1.2 billion, respectively, to their shareholders in FY23. Of these, the parent received $2.5 billion.

With no winner announced on Saturday, Monday night's Powerball jackpot amounts to a whopping $1.04 billion.

The chief executive of Racing Queensland suggested a bookmaker’s delay in processing the record payout on the NRL grand final could benefit the company because fewer people would likely withdraw from their accounts.

FC Barcelona will be playing FC Porto in a crucial UEFA Champions League match which will be played in Portugal. Both FC Barcelona and Porto are leading the group H. In the tournament opener, FC Barcelona defeated Antwerp and Porto secured a victory over Shakhtar Donetsk. Porto has remained unbeaten in their nine games this season, and while manager Sergio Conceicao knows his team will need to suffer, they are confident of making their opponents suffer too. A 3-1 win at Shakhtar Donetsk in their opening game gave Porto a good start but they now face Group H favourites and La Liga champions Barcelona, who put five past visitors Antwerp without reply in their first match.

India’s largest IT conglomerate, Tata Consultancy Services (TCS), recently signalled a momentous shift in the corporate world by discontinuing its hybrid work policy. Starting 1 October, all TCS employees have been mandated to work from office for five days a week. The move by TCS, a trendsetter in India’s corporate landscape, could set a precedent for other companies, potentially reshaping the future of work environments and positively impacting Real Estate Investment Trusts (Reits).

Money management firms launched new exchange-traded funds at a rapid pace last month, shaking off fears that the $7 trillion industry is already overrun with low-cost investment vehicles.

Famous billionaire short-seller Jim Chanos blasted Big Short author Michael Lewis on Sunday for his charitable defense of FTX founder Sam Bankman-Fried (SBF).

NEW DELHI : India’s manufacturing activity in September grew at the slowest pace in five months after new factory orders softened from their high in August, a private survey said. The purchasing managers index (PMI) fell to 57.5 in September, compared with at 58.6 in August, 57.7 in July, 57.8 in June and 58.7 in May, according to S&P Global. A figure of 50 separates expansion from contraction.

NEW DELHI : With the likelihood of 11 auctioned commercial mines becoming operational in the current fiscal year, coal output from commercial and captive mines will reach 145 million tonnes (mt) in FY24, said coal secretary Amrit Lal Meena. Last year production from commercial and captive mines was about 116 mt. In an interview, the secretary said that the target for this output from commercial mines is 162 mt, and that production is expected to reach 145 mt.

A Federal Court judge on Sept. 25 allowed a class-action lawsuit alleging home sellers in the Toronto area have been forced to pay artificially inflated commissions for years. The lawsuit alleges major brokers and real estate organizations in Toronto implemented rules that essentially stifled competition for buyer brokerage services, leading to higher prices. But what exactly is buyer brokerage and what is its role in the potentially landmark lawsuit? The Financial Post’s Shantaé Campbell explains.

In a triumphant return, Jimmy Kimmel graced the "Jimmy Kimmel Live!" stage on Monday night, expressing his gratitude for being back after the conclusion of the Writers Guild of America strike. The evening began with an entertaining skit featuring guest Arnold Schwarzenegger, complete with a witty «Terminator»-inspired «you'll be back» joke. Kimmel's comeback came five months after his last show. During his monologue, Kimmel humorously shared how his Hollywood studio had temporarily transformed into a pickleball court during the labor dispute that had brought Hollywood to a halt.

Assam government on Tuesday announced its plans to carry out socio-economic assessment of Assam's Indigenous Muslim communities. The chief minister office Assam in X stated, “In a meeting held at Janata Bhawan, HCM Dr @himantabiswadirected the officials concerned to carry out a socio-economic assessment of Assam's Indigenous Muslim communities (Goria, Moria, Deshi, Syed & Jolha). These findings will guide the Government to take suitable measures aimed at the comprehensive socio-political and educational upliftment of the State’s indigenous minorities.” Government has given its in-principle nod to the initiation of the process for a «Socio-Economic Assessment» of the State's five indigenous Muslim communities: Goria, Moria, Deshi, Syed and Jolha. Chief minister Himanta Biswa Sarma instructed the concerned authorities to take necessary measures so as to ensure the upcoming «Socio-Economic Assessment», on its completion, is able to furnish adequate data that can be utilised by Government of Assam to take steps for comprehensive socio-political, academic and economic uplift for the five indigenous Muslim communities.

By David Morgan and Doina Chiacu

Venture capital interest in web3 startups continues to wane as data from Crunchbase reveals a seventh consecutive quarter of declining investments in the sector.