Information Financial News

China's procurement of medical devices as it seeks to address concerns that Beijing's policies are unfairly favouring domestic suppliers. The probe may be announced as early as mid-April and could result in the bloc curtailing Chinese access to its tenders, according to people familiar with the matter. It would constitute a first outing for the EU's so-called International Procurement Instrument, or IPI, a 2022 law that's meant to promote reciprocity in access to public procurement markets.

Xiaomi is expected to unveil a diverse range of personal technology items and home appliances at the event. Enthusiasts eagerly await the unveiling of the rumored products, which could include a tablet, TWS earphones, a robot vacuum mop, and a hairdryer. However, specific information remains scarce, heightening anticipation among fans.

Fintech firm Apex has announced a first-of-its-kind transaction: the successful completion of an account transfer using the latest messaging protocols from the National Securities Clearing Corp.’s Automated Customer Account Transfer Service.

government body, the vulnerabilities have been identified across a range of Microsoft products, such as Microsoft Windows, Azure services, Microsoft Office, Bing, Microsoft Dynamics, System Center and Exchange Server. Among these, Microsoft Exchange Server, a tool integral to business collaboration, has been found vulnerable. The vulnerabilities discovered by CERT-In encompass a variety of potential exploits, including the ability for attackers to gain elevated privileges, obtain confidential information, bypass security measures, execute remote code attacks, initiate spoofing attacks, or cause denial of service disruptions.

CIBIL score, or credit score, maintains credit information of individuals and businesses. Your CIBIL score is a three-digit numeric summary of your credit history. It, undoubtedly, plays an important role in the loan application process. It influences the interest rates, loan terms, processing time and negotiating power, among others.

Looking into the crypto market lately, investors are faced with the challenge of choosing a good project for profitable investment. BEFE, Bitgert BRISE , and CENX are currently showing a high prospect to be the best project investment at the most. With Bitgert BRISE extending its bullish run for the third week, BEFE and CENX have also formed a setup that looks similar to Bitgert BRISE which is likely to start a long bull run. 

Donald Trump becomes the first former U.S. president to face a criminal trial on Monday in a case involving hush money paid to a porn star that could keep him tied up in court for weeks and complicate his bid to win back the White House. Trump, 77, is required to attend the trial in Manhattan, which is expected to last through May. Jury selection is expected to take about a week, followed by witness testimony.

firing outside Bollywood superstar Salman Khan's house in suburban Bandra, an official said on Monday. The motorcycle, which was abandoned near Mount Mary Church, a little over a kilometre from the actor's house, was registered in the name of a man living in the Panvel area of Navi Mumbai, the official said. The man had recently sold the two-wheeler to someone else, he said.

Congress MLA in Madhya Pradesh's Chhindwara district after receiving a complaint of hoarding of cash and liquor but no such recovery was made, an official said on Monday. The opposition Congress, including state unit chief Jitu Patwari and senior leader Kamal Nath, termed it as harassment of its tribal MLA Nilesh Uikey through misuse of power by the BJP government. Superintendent of Police Manoj Khatri said following a complaint about hoarding of cash and liquor, a team of police and excise department personnel searched several places in Rajola Raiyat village on Sunday evening. But, the team returned after not finding anything at those places, he said.

Enforcement Directorate has arrested Chanpreet Singh, who allegedly «managed» AAP funds for the Goa assembly elections, in the Delhi excise policy-linked money laundering case, official sources said Monday. He was taken into custody under the Prevention of Money Laundering Act (PMLA), they said. This is the 17th arrest in the case by the ED. Delhi Chief Minister Arvind Kejriwal was arrested last month and he is currently lodged in Tihar jail under judicial custody. Chanpreet Singh was earlier arrested by the CBI too in the same case. The money laundering case stems from the Central Bureau of Investigation FIR.

The Employees’ Provident Fund Organisation (EPFO) has streamlined the process of transferring provident fund (PF) account for employees when they switch jobs. Now, you don’t need to request your previous employer to transfer PF balance from your old account to the new account opened with the new company.

Shopping for your favourite gadgets or electronic appliances was never so easy as it is today. Thanks to the No-Cost EMI (Equated Monthly Instalment) option, you do not need to pay a huge amount upfront as you can break the big amount into small EMIs and buy your favourite mobile phone, TV or any other things you need even when funds are not immediately available.

Across the Indian financial landscape, small savings schemes have long played a pivotal role, offering a blend of benefits and risks that shape the financial landscape. In February 2022, small saving deposits totaled Rs 9.9 lakh crore, a mere fraction of the overall SCB deposits amounting to Rs 170.2 lakh crore. However, research conducted by Bank of Baroda reveals that the ratio of small saving deposits to commercial bank deposits has increased from 4.4 percent to 5.8 percent over the past five years. This highlights a significant trend in India’s financial landscape, indicating a steady increase in the proportion of small saving deposits relative to commercial bank deposits over the past five years.

Have you ever struggled to pay a credit card bill if the due date is around the last day of the month? This, typically, happens when one is short of funds in the final days of the month, as the next month’s salary is awaited. Currently, the due date is fixed at the time of issuance of the card and to date there has been no flexibility or option for the cardholder to fix the due date. Now, cardholders will have the option to set their payment due date.

Shiv Sena (UBT) leader Sanjay Raut on Monday questioned the source of income of the charity organisation controlled by Maharashtra Chief Minister Eknath Shinde's son and MP Shrikant Shinde, saying the funds could have been misused for political gains. The Shiv Sena led by Shinde dismissed the allegations, saying the Foundation has undertaken numerous developmental works and provided financial assistance to the needy. Raut said he had written to Prime Minister Narendra Modi and state Home Minister Devendra Fadnavis about the foundation. «We will try to file a case through ED or CBI,» he added. He also claimed the information on the source of funds and expenses of the organisation sought under the RTI query was not disclosed by the Maharashtra Charity Commissioner's office, apparently due to political pressure.

Stock market today: Despite stock market crash for the second day in a row, the Indian stock market, Ambuja Cements share price is trading flat during Monday deals. The Adani group company share witnessed some selling pressure in the early morning session, but despite the stock market crash today, Ambuja Cements share price bounced back strongly from its intraday low of ₹593.45 apiece on NSE and touched an intraday high of ₹615.60 per share level, logging around 4 percent jump from its intraday low in the stock market today.

Vedanta Ltd. has mandated JPMorgan Chase & Co. to help it raise 25 billion rupees ($300 million) via rupee-denominated bonds, according to people familiar with the matter. JPMorgan’s financing-solutions department in India, headed by Nitin Rungta, is reaching out to potential investors on behalf of the metals and mining company, according to people who asked not to be identified as the information is private. Those investors include global private credit funds, they said.

It’s best to have a single Universal Account Number (UAN) and connect all your EPF accounts to it. However, for various reasons, an employee may end up with multiple UANs. When changing jobs, failing to provide your previous UAN details to your new employer could result in them enrolling you for a new UAN.

Supreme Court seeking review of its February 15 verdict, which had scrapped the Modi government's electoral bonds scheme of anonymous political funding. The review plea filed by advocate Mathews J. Nedumpara submitted that this Court entertained the petition (against the scheme) and struck down the law and the scheme without noticing that in doing so it is acting as an appellate authority over Parliament, substituting its wisdom on a matter which falls in the exclusive province of legislative and executive policy. «The court failed to notice that even assuming the issue is justiciable, the petitioners therein having not claimed any specific legal injury exclusive to them, their petition could not have been decided as if a private litigation for the enforcement of rights which are specific and exclusive to them,» Nedumpara submitted in his plea. He said the Court failed to notice that the public opinion could be sharply divided and the majority of the people of this country could probably be in support of the scheme, brought into existence by their elected representatives and that they too have a right to be heard, as much as the PIL/writ petitioners.

Election Commission of India (ECI) Order, granting a paid holiday to employees on the day of polling in the NCT of Delhi under Section 135B of the RP Act 1951. The polling day in the NCT of Delhi is scheduled for May 25. As per the order, all eligible employees, be they public or private, who are voters in the NCT of Delhi are entitled to a paid holiday to exercise their democratic right to vote on the polling day. Besides, it is to state that voters of neighbouring cities Uttar Pradesh, Haryana and Rajasthan working in Delhi will also be given a paid holiday on the day of voting and vice versa for voters of Delhi working in neighbouring cities as per their polling dates, the office of the Chief Electoral Officer informed through a press release.

Iranian drone and missile attack. In an official statement, Gantz said, “We will build a regional coalition and exact the price from Iran in the fashion and timing that is right for us." Iran on Saturday launched over 300 missiles at Israel in revenge on its embassy in Syria which claimed the lives of its officials including a senior commander of the Iranian Revolutionary Guard Corps' overseas Quds Force. However, Israel claimed that it intercepted ‘nearly all’ missiles launched by Iran.