Information Financial News

A number of cryptocurrency firms operating in the U.K. are rolling risk assessments ahead of new rules set out by the Financial Conduct Authority (FCA) expected to begin on Monday, January 8th.

Transport unions continue to demand the rollback of new provisions for hit-and-run accidents, even as GoI has assured striking bus, truck and tanker drivers that the new provisions will not be implemented without further consultation. Sure, GoI must hear out the protesters.

Sebi) on Friday reiterated its existing rules on short selling by including its 2007 circular on the subject in the master circular. Short selling involved selling a stock which the seller doesn’t own at the time of trade. Both retail and institutional investors are allowed to short sell securities. But rules do not allow naked short selling in Indian securities market.

A top federal transportation safety official is harshly criticizing Washington's regional transit agency, saying a “poor safety culture” led to an October 2021 derailment that caused hundreds of new Metro railcars to be pulled from service

Karnataka's information technology minister Priyank Kharge on Friday announced that 817 startups have enrolled for Elevate 2023, the state's programme for backing startups with disruptive ideas. The response underscored Karnataka's status as the most favourable environment for innovation and entrepreneurship, the minister said in a post on social media platform X. «The Government of Karnataka is committed to supporting startups’ growth by providing comprehensive assistance in every possible manner,» he added.

Guwahati: In Assam the 12-hour state-wide driver protest seeking the scrapping of the new hit-and-run law caused massive disruption in the transportation of goods and passenger service. In Shillong tourist taxis across joined the strike. Following discussion with the transport department the drivers’ body has decided to shorten the strike from 48 hour to 24 hours.

YouTuber Logan Paul is offering refunds for the never-released CryptoZoo NFT game – if he deems the NFTs eligible “in his sole discretion.” Also, former owners relinquish all right to sue.

Transporters' unions of Assam, whose strike against the new penal law on hit-and-run cases brought commercial vehicle services to a standstill on Friday, decided to call off their agitation, an official said. The strike will be withdrawn at 5 am on Saturday, he said. The decision to call off the 48-hour strike was taken following discussions with the state government.

MS Dhoni has taken legal action against two ex-business partners, claiming they deceived him of approximately Rs 16 crore. Former Team India captain filed a criminal case against the directors of Aarka Sports, a sports management company, in a Ranchi court, as reported by PTI. According to Dayanand Singh, Dhoni's representative, the case has been filed under sections 406 and 420 of the IPC.

Reserve Bank of India (RBI) has limited retail investors’ investment in primary issuances of non-convertible debentures and commercial papers to a quarter of the total issuance to minimise investors’ losses in case of default on short­-term financial instruments. The latest directions have been issued by RBI’s master direction issued on January 3, 2024. Additionally, issuers of commercial papers (CPs) and non convertible debentures (NCDs) have to disclose information on any default in payments through various channels, including publicly disseminating such information through their website, per RBI’s revised master direction.

mutual funds, fixed deposits, and debt funds, offers a promising avenue for wealth creation. This article explores the specifics of mutual fund (MF) investments in India for NRIs, highlighting the regulatory framework and the necessary steps to make informed decisions. For NRIs eyeing the Indian mutual fund market, the initial step involves setting up either a Non-Resident Ordinary (NRO) or a Non-Resident External (NRE) bank account with an Indian bank.

Central Government Employees can now open National Pension System (NPS) accounts through eNPS, a digital platform. «It (eNPS) facilitates the effortless opening of NPS accounts for the Government employees, empowering them to do so in a paperless, user-friendly manner,» according to the master circular recently released by the Pension Fund Regulatory and Development Authority (PFRDA). What is eNPS? Who can open NPS accounts through eNPS? eNPS is a digital platform that will allow Government sector employees — the employees of the Central Government, the employees of the State Government employees, the employees of Central Autonomous Bodies (CABs), the employees of the State Autonomous Bodies (SABs) to open NPS account in an easy paperless mode.

Indian Renewable Energy Development Agency (IREDA) witnessed some consolidation in December last year. However, brokerage house Phillip Capital believes this recent decline is going to last. The brokerage has a ‘sell’ call on the stock with a target price of ₹80, implying a downside of over 23 percent from its current market price of ₹104.40, as of December 4.

Penny stock under ₹5: Shares of Sylph Technologies Ltd are one of the circuit-to-circuit stocks of Dalal Street. This small-cap stock under ₹5 touched a 5 per cent upper circuit on 29th December 2023. After hitting the upper circuit on the last session of 2023, this penny stock under ₹5 locked in the upper circuit on all first four trade sessions in New Year 2024.

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Bajaj Allianz General Insurance was ordered by the National Consumer Disputes Redressal Commission (NCDRC) via an order dated December 27, 2023 to reimburse $20,000 plus interest to the husband of Mrs Aruna Vaish who took an overseas travel insurance policy from the company. The fight between Bajaj Allianz General Insurance and Mrs Aruna (the insured) started from July 28, 2009 when the overseas travel insurance claim was rejected. After rejection of the insurance claim, Mrs Aruna Vaish filed a complaint with the Insurance Ombudsman. The Insurance Ombudsman via a letter dated October 12, 2011 said that her claim fell outside their jurisdiction. Subsequently, she went to fight her case in the State Consumer Forum and then in NCDRC. In the time between fighting her (Aruna Vaish) case, she had died so her husband Deepak Chandra Vaish fought the long battle against the insurance company on her behalf.

Kaveri Seed buyback: The board of directors of Kaveri Seed Company Limited is going to consider and approve the proposal for the buyback of shares. The company board will consider and approve the buyback of shares in its meeting scheduled today.

Mirae Asset Mutual Fund has temporarily suspended the lumpsum subscription, fresh systematic investment plan and systematic transfer plan in its overseas schemes such as Mirae Asset NYSE FANG+ ETF Fund of Fund, Mirae Asset S&P 500 Top 50 ETF Fund of Fund, and Mirae Asset Hang Seng TECH ETF Fund of Fund. The subscription will be temporarily suspended post close of business hours of January 5. The fund house has decided to suspend the fresh subscriptions in order to avoid breach of limit as of February 1, 2022. The fund house informed the unitholders about this through addendum cum notice.

South Korea on Friday ordered an evacuation on Yeonpyeong, an island near its border with North Korea, a local official told Reuters. South Korea's military did not immediately respond to requests for more information. Earlier a newspaper reported that the South's military was due to resume live-fire drills there.

Central Board of Secondary Education (CBSE) has just announced significant revisions to the 2024 board exam timetable for both Class 10 and Class 12. These updated schedules, available on the official CBSE website at cbse.gov.in, bring changes to various exam dates. Among the notable alterations are the rescheduling of specific papers. For instance, the Class 10 Tibetan paper, previously slated for March 4, 2024, has been moved to February 23, 2024. Additionally, the Class 10 Retail paper, initially set for February 16, 2024, will now be held on February 28, 2024.

Stock split 2024: Nestle India's share price witnessed selling pressure in early morning deals on Friday as the stock is trading ex-split today. Nestle India's share price today opened downside and went on to hit an intraday low of ₹2,657 apiece on BSE, logging a nearly 2 per cent dip against its Thursday close of ₹2,711.