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BAFTA's best film category will need a broader theatrical release. Films must make their public debut in theaters on a minimum of 50 commercial screens in the U.K. for at least seven days, spanning 50 sites at the widest point of release. Alternatively, nominees should have the equivalent of at least 350 screenings. The new requirement replaces the current rule, which mandates a minimum of 10 screenings per day for seven days or a total of 70 screenings.

payment aggregator licences on Tuesday. The likes of Razorpay, Cashfree, Open Financial Technologies, Enkash, and Google Pay all made it to the list. While recognition from the central bank is always a big deal for startups, for Cashfree and Razorpay it meant finally getting back to business. For a year or so, these startups were barred from onboarding new merchants by the central bank.

Parliament on December 19 indicates a significant surge of 28 percent in unclaimed deposits held by banks, reaching a total of ₹42,270 crore as of March 2023. Compared to the preceding financial year of FY22, where the unclaimed deposits with both public and private sector banks stood at ₹32,934 crore, the current figure represents a noteworthy increase to ₹42,272 crore by the end of March 2023, marking a 28 percent rise.

generative artificial intelligence and how to test and safeguard systems. The Commerce Department's National Institute of Standards and Technology (NIST) said it was seeking public input by Feb. 2 for conducting key testing crucial to ensuring the safety of AI systems.

RBI) is considering the change on the suggestions of banks, which believe that chances of making recoveries are higher if a dialogue is started at an early stage, the people cited above said on the condition of anonymity. The wilful defaulter tag shuts out borrowers from the formal banking sector. Finance ministry officials who met some of India’s top bankers recently also favour such flexibility, rather than sending all such accounts into a protracted legal process, the people cited above said.

bank locker agreements in India is December 31, 2023. This requirement pertains to all pre-existing agreements executed on or before December 31, 2022. Individuals holding such agreements are required to endorse a revised version supplied by their respective banks and ensure its submission before the specified deadline.

₹12,370 crore to a staggering ₹7.5trillion by end FY23. This growth trajectory has been anchored by the Alternative Investment Fund (AIF) guidelines introduced in 2012, which standardized the industry across various categories and led to an impressive ₹7.6 trillion in cumulative commitments by mid-2023.

The founder of Nikola Corp. has been sentenced to four years in prison for his conviction for exaggerating claims about his company's production of zero-emission 18-wheel trucks

Bank of Baroda (BoB) are the government-owned lenders leading the way. SBI said in August that it wants to hire a consultant to measure carbon footprints in its loan portfolio, and benchmark the bank’s loan mix based on high- and low-emitting sectors, while taking into account the portfolios of other local and global peers. SBI also raised a $1 billion syndicated social loan in February, arranged by MUFG Bank and Taipei Fubon Commercial Bank, which it said was the largest ESG (environment, social, governance) loan by a commercial bank in Asia Pacific and the second-largest social loan globally.

coronavirus), with active cases rising to 1,828, as per the latest data from the Union Health Ministry on December 18. The death toll reached 5,33,317 according to the 8 am update. Further, India's total COVID-19 cases count stands at 4.50 crore (4,50,05,076).

Nithin Kamath, chief executive officer of one of India’s largest stockbrokers, Zerodha, last week posted a deepfake video of himself to highlight the potential impact of such technology in the financial services world. “As the deepfakes improve, I think it will only become harder over time to validate if the person on the other side (of a video) is real or AI-generated. This problem will be bigger for banks that have more stringent regulatory requirements during onboarding,” wrote Kamath on microblogging site X (previously Twitter).

health ministry on Monday issued an advisory to states in view of a recent upsurge in Covid-19 cases and detection of the first case of the JN.1 subvariant in the country. States have been asked to maintain constant vigil over the situation and report and monitor district-wise cases of severe acute respiratory infections and influenza-like illnesses. «No new variant of the virus had been picked up, there are a number of actions that need state government's focus,» health secretary Sudhansh Pant said on Monday.

Barclays reiterated an Equal Weight rating on Tesla, Inc. (NASDAQ:TSLA) with a 12-month price target of $260.00 ahead of the electric automaker’s 4Q deliveries report.

SGB) can be bought physically through agents or receiving officers, applications must be submitted to branches during regular business hours on the weeks of subscription, as specified from time to time by the RBI and the Government of India. The prescribed application Form A must be used to subscribe to the form. Here are a few things to keep in mind about how the receiving officer will handle your application and how you can obtain a certificate of holding if your application is accepted, according to the SGB procedure guidelines. How to buy Sovereign Gold Bonds (SGB) online through SBI, HDFC Bank, PNB, Canara Bank, ICICI Bank 1. PAN details Every application will be accompanied by the ‘PAN details’ issued by the Income Tax Department to the investor(s).

State Bank of India, HDFC Bank, and ICICI Bank, along with the government, are drawing up a financing framework for green hydrogen projects, people with knowledge of the matter told ET. The framework will lay down guidelines for credit appraisal, risk assessment, and concessionary finance to make assessment of such projects easier for banks and aid credit flow to the sector, they said. «A committee is being set up that will have representation from all stakeholders, including industry, and based on the recommendations, a lending framework for the sector will be worked out that will help bring more funding to the sector,» an official said. The committee will work under the aegis of the Ministry of New and Renewable Energy (MNRE), the person said. A common framework will also help in consortium lending where foreign lenders including multilateral institutions can participate as various parameters such as project appraisal and post-disbursement supervision will be clearly defined, helping in faster loan sanctions, a bank executive said.

Palais Royale, India’s tallest and one of the most expensive luxury towers that has been stuck in limbo for more than a decade, will finally see the light of the day following a Supreme Court order upholding the public e-auction by a secured lender to sell it. The judgement allows for the skyscraper’s completion and the subsequent handover of the Rs 15,000-crore project and its luxury apartments, each spread over more than 8,000 sq ft and priced Rs 65-70 crore. The project, started in 2007 and touted to be the most ambitious real estate project in the country, has faced numerous challenges over the last 10 years. Legal disputes and hurdles had cast a shadow over the 320-meter-high, 88-storey, tower, delaying its progress and raising concerns among investors and stakeholders. In 2010, the developer, Shree Ram Urban Infrastructure Ltd, availed of a Rs 900 crore loan from Indiabulls Housing Finance with this project as collateral. The erstwhile promoter of Shree Ram Urban also stood as personal guarantor to the loan. The project was pulled up by authorities for violations of building codes and permissions. The then promoter, Shree Ram Urban Infrastructure, had not made the alterations to conform to the civic authority’s guidelines and the authority went on to withhold permissions. This led to project delay, leaving many homebuyers in the lurch.

Question: What are the disclosure requirements for Indian residents who hold foreign assets? Answer by Dr Suresh Surana, Founder, RSM India: 1.0 Applicable Schedule in the ITR: Schedule FA (i.e. Schedule on Foreign Assets held outside India) must be filled by every individual taxpayer who is a resident and ordinarily resident in India and owns or has a beneficial interest in assets abroad or derives income from foreign sources during the relevant calendar year or has signing authority in any account outside India. As such, Schedule FA need not be filled by those having status of either non-residents (NR) or Resident but Not Ordinarily Resident (RNOR). For instance, an Indian investor buying US stocks from international brokerage platforms cannot opt for Form ITR-1 (SAHAJ) or ITR-4 (SUGAM) for filing their ITRs and would be required to file their income tax return in Form ITR-2 or ITR-3, as applicable.

The Treasury Department is spelling out the rules for tax credits designed to stimulate production of sustainable aviation fuel

Simbhaoli Sugars’ plans of a one-time settlement with lenders hit a roadblock with a division bench of the Allahabad High Court directing the Central Bureau of Investigation (CBI) to probe whether loans were sanctioned in contravention of Reserve Bank of India (RBI) guidelines and whether there was a case of money laundering. The court order came in response to a writ petition by the company seeking to squash insolvency proceedings initiated against it by State Bank of India (SBI) after the company could not convince the lender of its intention to complete the payments related to the one-time settlement (OTS). Simbhaoli Sugars owes lenders nearly Rs 1,500 crore. “The petitioner has filed the petition with the sole intention of holding back the NCLT (National Company Law Tribunal) proceedings,” a division bench of Mahesh Chandra Tripathi and Prashant Kumar said in the order.

Crompton Greaves, listed as CG Power and Industrial Solutions, has entered into an agreement with realty developer K Raheja Corp to jointly develop its headquarter CG House spread over more than an acre in Mumbai’s plush Worli locality. The headquarter of the company, which is engaged in design, manufacturing, and marketing of products related to power generation, transmission, and distribution & rail Transportation, is built on leasehold land. As per the term sheet signed by both the companies, the developer will be granted rights to develop the land parcel by demolishing the existing structure and thereafter constructing thereon one or more buildings. The exact development potential will be elaborated under the development agreement based on the regulatory guidelines. The development agreement is expected to be signed within 45 days of the execution of the term sheet or such extended period as may be agreed, CG Power and Industrial Solutions said in a regulatory filing. CG Power and Industrial Solutions and the developer will be entitled to 50% share of the leasehold right and the developed building.

By Andrea Shalal