Information Financial News

Before indulging in the festivities and joy of the upcoming year, it would be highly beneficial to assess the magnitude of any lingering debt from the current year.

Securities and Exchange Board of India (Sebi) is inquiring into the open offer made by Religare's largest shareholder, the Burman family, to the public shareholders of the financial services company, which triggered a spat with the current Religare management. In a December 20 letter reviewed by ET, Sebi asked Religare for «complete details and sequence of events, starting from the time of first discussion regarding the open offer transaction till the stock exchange announcement dated September 25, 2023.» It has also sought personal and official details of all the persons involved in discussions, along with «documentary evidence.»

BSNL) has allegedly suffered a data breach as a threat actor has claimed to have “critical information” pertaining to the company’s users, ET has learnt. The threat actor using the alias ‘Perell’ has disclosed a “sample dataset” on a dark web forum, including sensitive details of fibre and landline users of BSNL. The dataset contains about 32,000 lines of data and the threat actor claimed that the total number of lines across all databases amounts to approximately over 2.9 million.

A former Wells Fargo Advisor broker in Salt Lake City was barred from the securities industry yesterday for not turning over information and documents that the Financial Industry Regulatory Authority Inc. wanted in its investigation of the broker, Louis Goff.

The insurance industry wants to be carved out of a Massachusetts proposal that targets “junk fees” in product sales, a stance that echoes their opposition to a Department of Labor investment-advice proposal that also has been promoted as a way to combat “junk fees” related to retirement-savings recommendations.

Hyperloop One, the futuristic transportation company building tube-encased lines to zip passengers and freight from city to city at airplane-like speeds, is shutting down, according to people familiar with the situation.

The Federal Trade Commission is proposing sweeping changes to a decades-old law that regulates how companies can track and advertise to children, including turning off targeted ads to kids under 13 by default

Toyota Motor Co. said Wednesday it is recalling 1 million vehicles over a defect that could cause airbags not to deploy, increasing the risk of injury

Gyeongseong Creature, an original South Korean series, is set to hit screens in two parts. Part 1, which has 7 episodes, is scheduled for release on December 22, 2023, with Part 2 with 3 episodes following on January 5, 2024. Both the parts will be available on the streaming platform at 12:00 a.m. PT/3:00 a.m. ET.

Drugmakers may soon have to identify in-house point persons for authorities to communicate with and hold responsible for breaches, a government communication showed. The apex drug regulator plans to order all drug companies to name a so-called responsible person (RP) who will be accountable for their day-to-day affairs, and serve as a single point of contact for state and central licensing authorities. On 16 December, drug controller general of India (DCGI) Rajeev Singh Raghuvanshi ordered the constitution of an expert committee to study the proposal.

₹5,520 crore, or $741 million, for its maiden fund, the Green Growth Equity Fund. India’s largest climate impact fund yet, it invests across renewable energy, resources and environment, e-mobility and green finance. The firm counts companies such as Ayaana, Radiance, EverEnviro, Kathari Water, GreenCell Mobility, Lithium and Ecofy in its portfolio.

oil prices rise given the current geopolitical uncertainty exacerbated by recent attacks on commercial vessels in the Red Sea.“It’s very traditional that oil prices and gasoline prices bottom around the middle of December,” said Tom Kloza, global head of energy analysis with the Oil Price Information Service.“Then after that … the market will grab pieces of news to justify price advances.”Houthi strikes on commercial vessels in the Red Sea are part of the Yemen-based group’s attacks on Israel and countries trading with it. Israel is fighting Hamas in Gaza following that group’s deadly Oct.

The last few years have seen a huge amount of dirty linen from Indian family businesses being washed in public. Recent cases in the public domain include the Singhania family dispute, the stand-off between Baba Kalyani and Sugandha Hiremath, the Finolex group tangle, tension within the Hinduja family, and the now-settled Murugappa family differences.

In the ever-evolving world of financial advisory, personalization has transcended the status of a mere buzzword to become a fundamental aspect of successful client engagement. This is a sentiment echoed by Joe Agostinelli, Senior Director of Market Research at Morningstar – who points out the increasing preference of investors for tailor-made investment strategies that align closely with their unique goals and financial ambitions.

Pyro 4-star unit in Genshin Impact, is set to debut with version update 4.4, tentatively scheduled for February 1, 2023. The exact release within the update remains uncertain.

National Infrastructure Pipeline (NIP) was launched with 6,835 projects and has expanded to capture over 9,288 projects with a total outlay of Rs 108.88 lakh crore between 2020-25, the finance ministry said on Thursday. «NIP comprises brownfield and greenfield infrastructure projects of above Rs 100 crore across both economic and social infrastructure,» the Finance Ministry said in a post on X.

LIC or Life Insurance Corporation of India has been exempted till 2032 to follow 25% minimum public shareholding norms. «Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Department of Economic Affairs, Ministry of Finance vide Office Memorandum dated December 20, 2023, has decided in the public interest, to grant one-time exemption to Life Insurance Corporation of India to achieve 25% Minimum Public Shareholding (MPS) within 10 years from the date of listing i.e., till May 2032 under Rule 19A (6) of the Securities Contract (Regulations) Rules (SCRR) 1957,» LIC said in a regulatory filing. In May 2022, the government had sold 3.5% stake in LIC IPO, which was an entirely (offer for sale) worth around Rs 21,000 crore. It remains India's largest IPO to date. The stock is now down around 19% from its IPO issue price of Rs 949 per share.

«The shooter has been eliminated!!! The entire building is currently being evacuated and there are several dead and dozens of injured,» police said on X, formerly Twitter.

₹27,360 crore spread over a period of 5 years which includes central share of ₹18,128 crore. The national master plan is a core planning body under PM GatiShakti and it helps in creating data layers for the different ministries such as education, water resources, drinking water and sanitation, railways, etc.

NEW DELHI : The Lok Sabha has passed the Press and Registration of Periodicals Bill, 2023, repealing the colonial-era Press and Registration of Books Act, 1867, simplifying the process of allotment of titles and registration of periodicals through an online system. The Rajya Sabha had already passed the Bill during the monsoon session.

SAO PAULO (Reuters) — Brazil's federal police on Thursday conducted raids as part of a probe into petrochemical producer Braskem's sinking ground havoc in the city of Maceio, which has forced about 60,000 people to be moved since 2018.