Information Financial News

Life Insurance Corporation of India (LIC) has decreased its shareholding in leading asset management firm HDFC Asset Management Company by buying additional shares via open market transactions. On Friday, LIC informed in a regulatory filing to the stock exchanges that it has decreased its shareholding in HDFC Asset Management Company (AMC) from 1,93,11,744 to 1,48,44,466 equity shares.

By Muvija M and Chavi Mehta

Mahua Moitra for ‘unethical conduct’ in the cash-for-query case. The Lok Sabha Ethics Committee report was tabled in the lower house of the parliament on Friday, following which a heated debate ensued. Thereafter, Parliamentary Affairs Minister Pralhad Joshi moved a motion to expel the Trinamool member for "unethical conduct", which was adopted by a voice vote.

The CEO of chipmaker Nvidia views Malaysia as a potential hub for artificial intelligence “manufacturing.”

By Huw Jones

By Paul Carsten

The surge in AI stocks gained momentum with the introduction of ChatGPT, intensifying the competition among companies to integrate AI into their products and platforms.

Gold prices hit another record high this week after a roaring 2023, and a combination of geopolitical tensions and continued central bank buying should see demand remain resilient next year, according to the World Gold Council.

Chennai has broken as many residents of different areas complain of shortage of even drinking water and lack of cleanliness. In the Pattalam area in Chennai, roads are still waterlogged and the people are complaining of a lack of cleanliness and absence of necessities. A resident even warned the politicians to not come to the area to seek vote during the elections. «No one visited here. We struggled for three days without drinking water and milk.

Zoram People's Movement (ZPM) cabinet took oath along with Chief Minister Lalduhoma at the Raj Bhavan complex in Aizawl on Friday. A total of seven cabinet Ministers were sworn in along with four Ministers of State.

NCP rival faction chief and fellow Deputy CM Ajit Pawar, opposing Nawab Malik's induction into the ruling alliance in the state, Nationalist Congress Party (NCP) MP Supriya Sule said that what BJP did to Nawab Malik was wrong and Court would do justice «What BJP did to Nawab Malik is wrong...Nawab Malik fought against the drug mafia. BJP has become the 'Bhrasht Jumla Party' and Nawab Malik continued to expose them...Everybody is innocent till they are proven guilty.

Trinamool Congress leader in Lok Sabha Sudip Bandyopadhyay Friday described the Ethics Committee's recommendation to expel party MP Mahua Moitra in a «cash-for-query» allegation as «political vendetta» and claimed that it was aimed at stopping her from raising issues against the Adani Group. Bandyopadhyay said he had a one-on-one meeting with Lok Sabha Speaker Om Birla, who informed him that the report would be tabled along with a resolution.

Tamil Nadu Chief Minister MK Stalin will be donating one-month's salary to the Chief Minister's Public Relief Fund to help Tamil Nadu's recovery from Cyclone Michaung havoc. The Chief Minister has also called on all MPs and MLAs to do the same.

Canada’s financial intelligence agency says it has levied a $1.3-million penalty against CIBC for non-compliance with money laundering and terrorist financing measures.

A suspended Surrey RCMP officer accused of using his position of authority to engage in intimate relationships with women — both on and off-duty — likely won’t face traditional jail time, a sentencing hearing in B.C. provincial court has heard.

>> Visit Meme Mogul’s Website << Shiba Inu’s (SHIB) journey through Q3 2023 has been marked by transformative developments, fostering its growth and adoption. Key milestones include Shiba Inu’s Shibarium mainnet launch, which demonstrated resilience against initial technical challenges and recorded impressive statistics with 1.25 million wallets and 3.3 million transactions. Furthermore, significant endorsements have come Shiba Inu’s way.

RBI) kept the repo rate unchanged at 6.5 percent as expected and raised the FY24 GDP forecast to 7 percent from 6.5 percent earlier. However, it retained the FY24 CPI inflation forecast at 5.4 percent. The Monetary Policy Committee (MPC) of the central bank also retained its stance of remaining focused on “withdrawal of accommodation." Seconds before the announcement of the RBI’s policy actions, the Nifty 50 scaled the 21,000-mark for the first time.

Here is a legal-ethical challenge worthy of King Solomon or King Vikramaditya, both known for their ability to find solutions to knotty problems. A settlement for opioid addiction in the US combines $6 billion in damages for individual victims, local governments, states, and tribes, with immunity for the Sackler family behind Purdue Pharma, which aggressively promoted of OxyContin, a prescription painkiller that figures majorly in the United States’ opioid addiction and overdose deaths crisis.

Bengaluru Urban district found herself in trouble after her revenge plan backfired. The 32-year-old homemaker, upset with her husband for breaking her cell phone to prevent her from interacting with other men online, decided to send a hoax bomb threat message to the police from his mobile phone. The woman, identified as Ramya (name changed), was arrested on Monday but was later released on station bail. According to the police, Ramya was angry with her husband, Rama (name changed), for objecting to her close friendship with a man from Bihar whom she had met online. After her husband damaged her phone, Ramya contacted her friends using another phone and informed them about the incident.

RBI plans to set up a regulatory framework for digital lending apps or loan web aggregators to make taking of loans more consumer centric and transparent. The RBI governor, as part of the announcement today after the monetary policy review, said that concerns regarding the functioning of loan web aggregators and loan products that harm customers have come to its notice. Therefore, it proposes to set up a regulatory framework to enhance customer centricity and safety for customers. As per the statement issued, «The Reserve Bank had accepted, vide its Press Release dated August 10, 2022, the recommendation of the Working Group on Digital Lending (Chairman: Shri Jayant Kumar Dash) to come up with a regulatory framework for web-aggregators of loan products (WALP). WALP entails aggregation of loan offers from multiple lenders on an electronic platform which enables the borrowers to compare and choose the best available option to avail loan from one of the available lenders. Based on the recommendation of the Working Group, it has been decided to bring such loan aggregation services offered by the Lending Service Providers (LSPs) under a comprehensive regulatory framework. The framework will focus on enhancing the transparency in the operations of WALPs, increase customer centricity and enable the borrowers to make informed choices. The detailed guidelines will be issued separately.»

household spending has increased for 58% of families, indicating a positive trend in consumption. However, while the overall score dipped slightly from last month, it remains at a healthy +50, showcasing the continued growth in household spending. Spending on essential items, such as personal care and household items, has increased for 49% of families.