Information Financial News

By Kanishka Singh

quarter for India Inc as most companies reported better-than-expected numbers for the three months ended December, triggering further upgrades in earnings. Earnings of companies that are part of the Nifty 50 grew by 17% year-on-year (YoY), against expectations of an 11% growth, according to Motilal Oswal Financial Services.

Lok Sabha privileges committee summoned Chief Secretary BP Gopalika, DGP Rajeev Kumar and other officials, a six member BJP’s Fact-Finding team, comprising two Union Ministers and four MPs, were stopped at Rampur, on their way to Sandeshkhali on Friday. The Committee urged the police to allow them but the area was barricaded and cordoned off. The team said they will meet Governor CV Ananda Bose in Kolkata today and complain to him on the issue. Apart from DGP Kumar and Gopalika, North 24 Parganas DM, Basirhat SP and additional SP have also been summoned for «oral evidence» in Delhi on Monday, based on a complaint of police brutality which led to Bengal BJP president Sukanta Majumdar injuries in Taki “What else can the state government do? The government wants to suppress the fact and so they stopped us. We have come here to give justice to the people,” Union Minister of States (MoS)-Education Annapurna Devi said.

By Sumeet Chatterjee, Engen Tham and Selena Li

Gemini 1.5 Pro model boasts performance levels akin to the larger Gemini 1.0 Ultra model, according to Google. The release follows OpenAI's success with ChatGPT in late 2022, prompting Google to position itself as a major player in cutting-edge generative AI technology capable of creating text, images, and videos based on user prompts. Gemini, initially released by Google in December, offered three versions tailored for various tasks and compatible with a range of devices, from mobile to large-scale data centers.

stock market investments cannot afford to ignore the much-acclaimed American billionaire investor Steven A Cohen who in his own words had a penchant for stocks since childhood. Cohen, the creator of Point72 Asset Management and former leader of SAC Capital, gained a reputation for his assertive and prosperous investment tactics. As of April 2022, his net worth is approximated to be $17.4 billion.

mutual fund scheme, investors often weigh a number of pros and cons. Some of the key factors include the reputation of the fund house, category of scheme, overall market sentiment and historical performance of that mutual fund vis-à-vis other schemes in that category. Although it is emphasised that the performance is not a guarantee of future returns, however, retail investors invariably take investing decisions primarily based on the scheme’s past performance.

electoral bonds. These bonds were not actual tradable instruments but allowed for contributions to be made by individuals or companies to a political party through a banking channel. The controversial element — which led to the court case — was a government decision to keep the donors anonymous. Also Read: SC unanimously strikes down poll bonds scheme, terms it ‘unconstitutional’ What did the court decide?

Canada has been briefed on U.S. intelligence that the White House publicly confirmed Thursday involves Russia’s “troubling” development of an anti-satellite weapon, a senior government official told Global News.

Supreme Court struck down the electoral bond scheme as unconstitutional and violative of the "right to information of voters" due largely to their anonymity in a far-reaching ruling on Thursday. Also scrapped were amendments made to the Income Tax Act, the Representation of People Act and the Companies Act to usher in the 2018 scheme. State Bank will stop issuing such bonds immediately and provide complete details on those issued since 2019 to the Election Commission of India, which will make this information public by March 13, the court said. Also, bonds issued and still within the 15-day validity period have to be returned and the money refunded to the purchaser. The ruling Bharatiya Janata Party (BJP) has been the leading beneficiary of the anonymous funding scheme and the court's decision comes just months before general elections set to be held in April-May. The scheme had been announced by then finance minister, the late Arun Jaitley, in the budget for FY18.

White House has confirmed that Russia is developing a capability to target satellites in space and called Moscow's pursuit of this particular capability «troubling.» White House National Security Communications Advisor John Kirby said the US is closely monitoring this Russian activity and will continue to take it seriously amid reports of Moscow reportedly developing a space-based nuclear weapon designed to disable or destroy satellites. While addressing a press briefing on Thursday (local time), John Kirby said, «While I am limited by how much I can share about the specific nature of the threat, I can confirm that it is related to an anti-satellite capability that Russia is developing. I want to be clear about a couple of things right off the bat.»

F&O ban list: A total of 12 stocks have been put under the ban for trade on Friday, February 16, 2024, under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as it crossed 95 per cent of the market-wide position limit (MWPL), according to the NSE.

AI technology with large organisations such as Service Now, ANSR churning out their own large language models (LLMs) and others such as TeamLease and GetWork serving unique use-cases using GenAI. Global tech leader Service Now partnered with Hugging Face to roll out the Now LLM, an instruction fine-tuned version of a model in the StarCoder model family, for HR leaders to drive productivity and operational efficiency by reducing redundant and manual tasks. «Now Assist, powered by our proprietary Now LLM, helps HR managers to handle issues from payroll discrepancies to paperwork changes without needing to sift through loads of information,» Sumeet Mathur, vice president & managing director, ServiceNow India Technology & Business Centre.

No one wants to be late filing their tax return, but filing early can also be a problem, especially if you’re unsure whether you’ve received all your tax slips.

Marvel fans are eagerly anticipating the next installment in the Spider-Man franchise, which will see Tom Holland reprise his role as the iconic web-slinger. Here's a comprehensive rundown of all the latest information we have on Spider-Man 4, from its potential release date to the cast and plot details.

payment banks may face regulatory action as the Financial Intelligence Unit (FIU) has detected about 50,000 accounts without know-your-customer (KYC) verification and potentially engaged in suspicious transactions and money laundering activities. About 30,000 of these are with payments banks other than Paytm Payments Bank and details have already been given to the Reserve Bank of India (RBI), which is looking into these and has sought further information, said people with knowledge of the matter. The banking regulator didn’t respond to queries. The lapses by such banks include nonreporting of suspicious transactions, not maintaining details of beneficial owners and registration of multiple users using a single income tax permanent account number (PAN).

Mumbai: Large private sector banks such as ICICI Bank, HDFC Bank, and Axis Bank have informally agreed among themselves not to poach employees from each other, as they seek to stem attrition, particularly at the junior level. Senior executives in these private banks have told Mint that they are ensuring that candidates with less than 2 years of work experience are not hired from a rival lender. “We did have attrition which is very high at the junior level.

Mamata Banerjee slammed Border Security Force (BSF) and held them responsible for the death of four children who died in Uttar Dinajpur district’s Chopra on Thursday. She demanded stringent action by the Centre on the issue. “BSF's responsibility is to guard the borders. When four innocent children died in Chopra, did their lives have any value? Our delegation met the Governor today. I want punishment of those BSF officers, who are responsible for the death of these innocent children,” Banerjee demanded at the floor of the assembly on Thursday. “The Central government must take stringent action,” she said adding, “I know what the BSF is doing. One of the MLAs in Murshidabad complained to me that BSF dragged an Imam out of a mosque in his constituency and assaulted him.”

India, 15th February 2024: Cressanda Railway Solutions empaneled with Central Bureau of Communication, Ministry of Information & Broadcasting is on a new high as its revenue growth in the third quarter of 2023-24 financial years has leaped forward to an impressive height. While the total revenue grew by 296.39% QoQ (Quarter on Quarter) and 93.91% YoY (Year on Year), profit before tax jumped by 189.13% QoQ and 173.93% YoY.

Term Insurance is a life insurance plan financially supporting the policyholder’s nominee upon their untimely demise. It is a long-term insurance plan that offers income to your family to help them achieve life goals and realise dreams. Since the plan is crucial for obtaining financial security, choosing the right insurance plan is important to get the maximum benefits.

unauthorised card payments through certain intermediaries. Without naming the card network, the banking regulator has made an observation via a press release that the card network had an arrangement that enables businesses to make card payments through certain intermediaries to entities that do not accept card payments. This arrangement works like this: The corporates make payments via card network to an intermediary for commercial payments and the same is then remitted via electronic transfer (such as IMPS/RTGS/NEFT) to the recipients which do not accept card payments.