Information Financial News

A South Korean woman who stole her ex-husband’s $1.3 million crypto stash has been handed a suspended jail sentence.

ASK Automotive IPO: Listing date of the initial public offering (IPO) of ASK Automotive Limited has been fixed on 15th November 2023 i.e. today. As per the information available on official website of BSE, "....

CIE Automotive India: Buy at ₹485.20, target ₹525, stop loss ₹470;2] HBL Power: Buy at ₹324.85, target ₹350, stop loss ₹315; and3] BEL: Buy at ₹143.40, target ₹155, stop loss ₹137. (Read More)Mohit Burman, Member, Burman Family and Chairman, Dabur India, is unfazed by the Religare Enterprises Ltd board's resistance to his family's open offer, after initially welcoming it. He says that acquiring Religare will add a crucial piece to the Burman family's growing bouquet of financial products and that the company needs a promoter to re-enter the lending business.In a lengthy interview conducted over two days, Burman stopped short of commending Religare chairperson Rashmi Saluja for the company's recovery while giving "full marks" to the management team for the turnaround.

Subrata Roy death news: Sahara Group founder Subrata Roy passes away after battling prolonged illness A statement by the company on the matter confirmed the death of Sahara Founder. The statement read, “It is with profound sadness that Sahara India Pariwar informs the demise of our Hon’ble ‘Saharasri’ Subrata Roy Sahara, Managing Worker and Chairman, Sahara India Pariwar." Subrata Roy's assets once included the famous Plaza Hotel in New York, Grossvenor House in London and former Force India Formula One team, reported Reuters.

Russia’s trade ministry says it has developed a tool that can help crypto miners evade Western sanctions.

Netflix's Wednesday season 2 is gearing up for filming, set to begin in late April 2024 in Ireland, moving from the original location in Romania, as reported by Deadline. The renewal of Wednesday for its second season in January 2023 has not seen many updates from Netflix, but information has surfaced through the cast and creative teams. Jenna Ortega, reprising her role as Wednesday Addams, will also take on a producer role in the upcoming season. As of November 2023, filming for Season 2 has not commenced. The series is expected to transition from Romania to Ireland for production, with filming likely to start in April 2024. However, rumors circulate about potential scheduling conflicts for Jenna Ortega, who might be balancing commitments to Scream 7. Reports indicate that production for the first season began in the fall of 2021, wrapping up in the spring of 2022 in Romania. The expectation was a similar timeline for the second season, aiming for a late 2024 release. However, with the late start in April 2024, the release date might be pushed to 2025 due to the necessary time for pre-production, filming, post-production, and promotional activities. The confirmed cast for Season 2 includes Jenna Ortega, Emma Myers, Hunter Doohan, Percy Hynes White, Catherine Zeta-Jones, Luis Guzmán, Isaac Ordonez, Fred Armisen, Gwendoline Christie, Jamie McShane, and Joy Sunday.

By Travis Toews

By Svea Herbst-Bayliss

By Catarina Demony

NEW DELHI : Recruitment firms linked to BharatPe co-founder Ashneer Grover and his family members used backdated invoices to siphon off funds for work they never did for the fintech unicorn, an investigation by the Economic Offences Wing (EOW) of Delhi Police found. The probe agency also could not trace many firms to which BharatPe had made vendor payments.

NEW DELHI : The Competition Commission of India (CCI) will issue final orders on nearly 100 cases of profiteering related to Goods and Services Tax (GST) in the coming six months, a person aware of the matter said, bringing closure to several companies facing charges for years. The Directorate General of Anti-Profiteering (DGAP), part of the tax department, has already completed its investigations, and the CCI is currently adjudicating them, the person cited above said on the condition of anonymity. The commission is expected to rule on more than a dozen cases of profiteering every month.

Dabur group on Tuesday refuted the allegations of being involved in the Mahadev online betting app scam after members of the promoter family were named in two first information reports (FIR) filed within a week in Mumbai. A group spokesperson said the FIRs were “false and baseless", and part of an attempt to block the acquisition of Religare Enterprises Ltd. The first FIR, filed on 7 November, alleged that the Burmans, who co-own the IPL team Punjab Kings, are part of a cricket betting racket.

MUMBAI : Early-stage investors are increasingly backing CXOs who left established startups to pursue their entrepreneurial dreams, relying on their wealth of experience to steer business in challenging times. On Monday, Farid Ahsan, the co-founder of Sharechat who quit six months ago, said he has launched General Autonomy, a startup to help automate factories.

FTX founder, Sam Bankman-Fried, was found guilty on seven charges earlier this month following a grueling month-long trial which saw the former “king of crypto” testify in his own defense.

Herd mentality: In behavioural finance, herd mentality bias refers to the tendency to follow and copy what others are doing. The tendency to join the crowd is a common trait, also known as the ‘bandwagon effect’. Example: most funds are focused on beating the index on a consistent basis.

Dabur India, is unfazed by the Religare Enterprises Ltd board's resistance to his family's open offer, after initially welcoming it. He says that acquiring Religare will add a crucial piece to the Burman family's growing bouquet of financial products and that the company needs a promoter to re-enter the lending business. In a lengthy interview conducted over two days, Burman stopped short of commending Religare chairperson Rashmi Saluja for the company's recovery while giving "full marks" to the management team for the turnaround.

NEW DELHI : After years of catering to niche audiences with limited return, India’s mobile gaming industry, comprising developers, streamers, esports platforms, and more, is gaining wider popularity. This shift is fuelled by mainstream broadcast deals and growing user willingness to pay for games.

Pfizer Inc. is cutting 500 jobs at its Sandwich, Kent site in the UK as part of a cost-cutting effort, a report by Sky News said on Tuesday.

BERLIN—The German capital has long been a lab for daring experiments in tackling the crisis of affordable housing that is plaguing city dwellers from San Francisco to Hong Kong. Anti-gentrification rules are so strict that in some neighborhoods, luxury renovations such as walk-in showers, balconies or cement tiles are turned down. Airbnb is tightly restricted while rental caps have forced thousands of landlords to slash rents.

More drugmakers are seeking to harness the medical potential of psychedelics for treating depression, addiction and other hard-to-treat conditions

A Moscow court has fined Google for failing to store personal data on its Russian users, the latest in a series of fines on the U.S. tech giant amid tensions with the West over the fighting in Ukraine