Information Financial News

₹4,773 crore into Indian equities, as reported by NSDL data. In December, the domestic equity markets experienced a surge fueled by substantial inflows from foreign portfolio investors (FPIs), who infused an impressive ₹66,134 crore during the month. The Nifty concluded the preceding month with a nearly 8% increase.

Maldives was unreachable on January 6 night. The official websites of the President, Foreign Ministry, and Tourism Ministry of Maldives were down and unreachable. The reasons behind top government websites' not working are yet to be ascertained.

₹538 crore fraud case with Canara Bank, the founder of Jet Airways conveyed a sense of hopelessness. It’s “better he should die rather than be alive in such a situation", Goyal said with folded hands as reported by PTI. Goyal, in his 70s, also mentioned the health struggles of his wife, Anita, currently struggling with an advanced stage of cancer.

Enforcement Directorate said on Saturday that it conducted searches on several premises linked to Religare Finvest Ltd (RFL), in connection with an ongoing probe into alleged misappropriation of more than ₹2,000 crore by the former promoters of the financing company's parent, Religare Enterprises Ltd. The ED, which is investigating the money-laundering aspect of the case, said it searched nine locations in the National Capital Region on Friday and Saturday, covering the corporate offices of RFL, M3M India Holdings, RHC Holding Pvt Ltd, Hillgrow Infrastructure Pvt Ltd, Dion Global Solutions and Prius commercial. In a regulatory filing, Religare Enterprises said RFL had made a request to the ED to expedite the probe. RFL has also promised its lenders that it would make «all possible efforts» to recover the siphoned off funds, a Religare Enterprises spokesperson told ET, adding that RFL had commissioned a forensic audit to trace the assets and money trail. The Enforcement Directorate's money laundering case against erstwhile Religare promoters Malvinder and Shivinder Mohan Singh, and its former chairman and managing director Sunil Godhwani, is based on a case registered by the Delhi Police's Economic Offences Wing. The ED had arrested the Singh brothers and Godhwani in October 2019.

PTI as saying in his video message. ALSO READ: India accounts for nearly one third of the world’s missing women: United Nations Police registered a First Information Report (FIR) at Parwaliya Sadak Police Station in Bhopal on Thursday over a complaint filed by district programme officer Ramgopal Yadav against one Anil Mathew for allegedly running the children's home illegally. As per the complaint, 26 out of 68 girls (between 6-18 years of age) at the facility have gone missing, police said.

Times of India, adding the person was alive. According to the report, the charred body given to the wife of one of the AC technicians – injured during an AC explosion at a hospital in Odisha – didn't belong to him and he is still undergoing treatment. The AC technician – 34-year-old Dilip Samantaray – is among the four AC technicians who got injured in the accident and is recuperating from burns in the same hospital, which is now accused of wrongly identifying the one who died.

Delhi traffic police has informed that the traffic is affected on Mathura road in the carriageway from Ashram Chowk towards Apollo Hospital. They further said that a major fire that has broken out under Modi Mill Flyover alongside Mathura road has caused the traffic snarl. “Traffic is affected on Mathura road in the carriageway from Ashram Chowk towards Apollo Hospital as a major fire has broken out under Modi Mill Flyover alongside Mathura road.

Bhupesh Baghel on Saturday alleged the Enforcement Directorate has mentioned his name in its supplementary charge sheet in the Mahadev betting app case as part of a "political conspiracy" at the behest of its «political masters». The Congress leader also alleged the federal agency has been fraudulently arresting people and pressuring them to give statements against him and his associates. The ED in its second prosecution complaint (charge sheet) filed before a special court in Raipur on January 1 stated that alleged courier Asim Das, arrested in the Mahadev betting app case, who claimed he had been sent to «deliver» cash to Bhupesh Baghel, has retracted his denial of having made the charges.

₹2,000 crore from Religare Finvest Ltd (RFL), people familiar with the development said on Saturday. The searches, ED officials said, continued into the early hours of Saturday, with several incriminating documents recovered and large scale “proceeds of crime" identified. Religare, however, said that these raids were initiated following a complaint by the company itself.

Bajaj Auto and Chambal Fertilisers & Chemicals will be in focus on Monday, January 8, when the market resumes trade as the boards of the companies will meet to consider and approve buyback of shares. Both Bajaj Auto and Chambal Fertilisers had informed about the meetings and buyback proposals on Wednesday, January 3. While Bajaj Auto's shares have gained 5% since the announcement, Chambal Fertilisers' share price has dropped by 3.4%. On Friday, shares of the two-wheeler stock settled at Rs 6,995.90 on the NSE, up 1.07%, while those of Chambal finished at Rs 373.20, down 3.48%.

Delhi court has granted two-week interim bail to liquor businessman Sameer Mahendru in a money laundering case related to alleged irregularities in the now-scrapped Delhi excise policy. Special Judge M K Nagpal granted the relief to Mahendru, managing director of liquor distributor Indospirit on an application moved by him seeking relief due to his wife's health issues. The judge noted that during his earlier interim bail granted in the case, the accused did not try to influence any witness or tamper with the evidence in the case. «He cannot be considered to be a flight risk and there is also nothing on record to show or infer that he had ever tried to influence any witness or tamper with or destroy any evidence of this case,» the judge said in an order passed on January 5. According to the prosecution, Mahendru was one of the major beneficiaries of the violations of the excise policy as he was not only running an alcoholic beverage manufacturing unit but also given a wholesale licence along with some retail licences in the name of his relatives. Because of the alleged irregularities and violations, Mahendru earned around Rs 50 crore profit, the prosecution claimed. The ED had registered an enforcement case information report against Mahendru under the relevant provisions of the Prevention of Money Laundering Act (PMLA).

Court has said. The court observed that e-commerce websites are commercial ventures and are inherently profit oriented, which is not objectionable, but they have to protect intellectual property rights of others. «An e-commerce platform cannot become a haven for infringers.

Aadhaar without submitting their biometric information. However, you need a valid reason such as a fingerprint is blurry or IRIS is unreadable, etc. to do it. According to data shared in Lok Sabha on December 20, 2023, 29 lakh Indians have got their Aadhaar without the biometrics. «To date, UIDAI has issued Aadhaar numbers to nearly 29 lakh persons who had missing fingers or were otherwise unable to provide finger or IRIS or both biometric,» said Rajeev Chandrasekhar, Minister of State for Electronics and Information Technology.

Buyback of shares: Shares of Bajaj Auto and Chambal Fertilisers and Chemicals will be in focus when Indian stock market opens next week. The board of directors of these companies is going to consider and approve the buyback of shares in their meeting scheduled next week.

PTI. Members of the Coast Guard, Border Guard Bangladesh (BGB), and Rapid Action Battalion (RAB) will also be on election duty to oversee security arrangements. Border Guard Bangladesh (BGB) will take command of security arrangements in 45 bordering upazilas while the Bangladesh Navy will operate in 19 districts, including Bhola and Barguna.

The Wire. Trump’s accounting firm, Mazars mentioned that in 2018, India had spent $66,046 on combined common charges for two units at Trump World Tower on Turtle Bay. The report further provides a projection of this figure over the four years of Trump’s administration giving a total of $264,184.

Prime Minister Narendra Modi virtually inaugurated the semi-high-speed train from Ayodhya Dham railway station on December 30. The train is set to operate six days a week, excluding Fridays, with scheduled stops at Jalandhar Cantt, Ludhiana, Ambala, and Sahnewal stations. The Vande Bharat Express with train number 22488, travelling from Amritsar to Old Delhi, is scheduled to depart from Amritsar at 9:30 am and is expected to arrive in Delhi at 1:50 pm.

They spend hours scrolling through TikTok, they’re regularly active on Instagram, and yet it turns out they’re more prepared than any other generation when it comes to planning their wills and estates.

proposed ₹30,000 crore of equity investments into Indian Oil, Bharat Petroleum (BPCL) and Hindustan Petroleum (HPCL) this fiscal year as these companies have clocked robust profits and don't need major financial support for their planned transition to green energy, said people familiar with the matter. The government had announced its capital support plans for these state-run refiners last February in the FY24 Union budget. At the time, these companies were facing a difficult patch and were demanding compensation for the heavy losses they had suffered in the first two quarters of 2022-23 for not increasing retail fuel prices in line with rising international rates. Since pump prices are deregulated in the country, the government didn't agree to the compensation but allocated a capital support of ₹30,000 crore in the budget, which could be used by the companies for their green transition projects, the people cited above said requesting anonymity. To start with, the companies were not too keen on equity infusion by the government as, like debt, equity also needs to be serviced, several company executives told ET previously.

Marico Q3 Update: Domestic volumes see low single-digit growth amid weak rural demand; details here Titan reported a robust 21 percent growth in domestic sales for its jewelry division, attributed to a substantial increase in the number of buyers and a modest improvement in average selling prices. “ Suitable investments in exchange programs and consumer offers were carried out during the festive period to maintain growth momentum. Wedding segment contribution improved marginally YoY," the company said.

Palestinian militant group's financial mechanisms, the State Department said on Friday. The reward offering follows four rounds of U.S. sanctions on Hamas after the group's deadly incursion into Israel on Oct.