Information Financial News

Sale may not be your regular crusty four-letter word, but it packs quite a punch. Within sniffing distance of festive season, it sends adrenaline racing and minds gearing to succumb to temptation. Triggering a spending mania that grips the entire nation, it knocks over well-laid budgets, disrupting cash flows and relationships, while lifting the fortunes of retailers and sellers. So, it’s no surprise that Flipkart’s The Big Billion Days sale, from 8-15 October this year, recorded 1.4 billion customer visits, with its Plus memberships reportedly witnessing a 60% increase over last year’s sale.

Karnataka has received as many as 15 proposals so far for the empanelment of agencies for a fact-checking unit, state IT minister Priyank Kharge told ET in an interview. The last date for submitting proposals has been extended to November 1, he said. The state had called expressions of interest to set up an Information Disorder Tackling Unit on October 5. The vetting of proposals will start soon.

horror enthusiasts are preparing for their spooky movie marathons. One film making its way to the streaming platform is "The Nun 2," the sequel to the 2018 bone-chilling movie. Released on September 8, 2023, this supernatural horror, part of The Conjuring franchise, is now set to stream after nearly two months in theaters, continuing the story four years after the first film.

offensive chants aimed at Sir Bobby Charlton, vowing to issue lifetime bans to the perpetrators. The club swiftly condemned the disgraceful behavior following reports of derogatory songs being sung about the late Manchester United legend during City's 2-1 victory over Brighton on Saturday. Sir Bobby Charlton, the English World Cup winner and iconic figure of Manchester United, passed away early on Saturday at the age of 86, after battling dementia for several years.

Mitch McConnell, the Senate Minority Leader, has stated that he is fully recovered and back to work after experiencing two public incidents that raised questions about his health. At 81 years old, McConnell, who has served as a Kentucky senator since 1985 and held various leadership roles in the Senate, addressed these concerns on «Face the Nation.» Skepticism surrounding his health emerged when McConnell abruptly stopped speaking during news conferences in July and August, appearing disoriented. This led to inquiries about his recovery from a spring concussion.

NEW DELHI : A US government office is checking whether foreign banks operating in the US conformed to the G7 price cap of $60 a barrel for Russian oil, a person aware of the matter said. The US treasury department’s Office of Foreign Assets Control (OFAC) has sought details of Russian oil purchases by including those by Indian entities in the last few months, the person said on condition of anonymity. Indian banks operating in the US include State Bank of India (SBI), Bank of Baroda and Bank of India.

bankruptcy court has approved the proposal from a consortium of Himadri Speciality Chemical and Dalmia Bharat Refractories to acquire Kolkata-based Birla Tyres. Lenders of Birla Tyres had earlier cleared the consortium's Rs 347 crore resolution plan for the listed firm with an 82.48% voting.

medical aid and 32 tonnes of disaster relief materials have been sent to Palestine that will reach Gaza via Egypt, days after Prime Minister Narendra Modi spoke to Palestinian Authority President Mahmoud Abbas to reiterate India's long-standing position on the Palestinian question. Taking to X, external affairs ministry spokesperson Arindam Bagchi wrote on Sunday, «An IAF C-17 flight carrying nearly 6.5 tonnes of medical aid and 32 tonnes of disaster relief material for the people of Palestine departs for El-Arish airport in Egypt.» The items will be sent to Palestine via the Rafah border crossing between Egypt and Gaza. Bagchi informed that the humanitarian aid includes «essential life-saving medicines, surgical items, tents, sleeping bags, tarpaulins, sanitary utilities, water purification tablets, among other necessary items». India's aid to Palestine comes three days after the PM spoke to Abbas. During their conversation on Thursday, Modi had said that India would keep sending humanitarian assistance to the Palestinians.

Indiabulls Housing Finance has been put under the ban for trade on Monday, October 23, 2023 under the futures and options (F&O) segment by the National Stock Exchange (NSE). The security has been put on ban under the F&O segment as it crossed 95 per cent of the market-wide position limit (MWPL), according to the NSE. However, the stock will be available for trading in the cash market.

The Smallcase angle Smallcase is a platform that allows advisers and analysts to curate and offer a number of ready-made portfolios of stocks or exchange-traded funds (ETFs) that, according to the firm’s website, track a theme, strategy or objective. People could invest in any portfolio of their choice for a fee. There was no restriction on the number of portfolios that advisers and analysts could offer.

Parliamentary Standing Committee on Home Affairs will meet this week to adopt draft reports on the three bills that seek to replace the Indian Penal Code, the CrPC and the Evidence Act. The panel has informed its members through a notice that the draft reports on Bharatiya Nyaya Sanhita, Bharatiya Nagarik Suraksha Sanhita and the Bharatiya Sakshya Bill will be adopted on October 27.

A detailed series of internal government polls obtained by Global News paints a picture of a government struggling to win approval from Canadians on just about any issue, while showing sharp regional differences when it comes to the top priorities voters want Ottawa to tackle.

Strip through the Rafah border crossing, on the second day of its opening, Times of Israel reported on Sunday. The convoy comes a day after 20 trucks carried medical aid, food and water into the Palestinian enclave. Notably, it was the second aid shipment into the Strip since the horrific Hamas attack on Israel on October 7. The aid entered the Strip ahead of Israel's looming ground offensive and as the IDF continued to carry out airstrikes on terror targets. The Rafah border crossing was opened for a short window on Saturday morning to let 20 aid trucks enter Gaza from Egypt. Though many have welcomed the brief reopening, rights groups have asserted that much more aid is needed. The United Nations has estimated about 100 trucks per day are needed to meet the needs of Gazans. The trucks carrying humanitarian aid to deliver to Gaza only carried food, water, and medical supplies but no fuel, CNN reported. Thirteen trucks were carrying medicine and medical supplies; five were loaded with food; and two were transporting water, said the Egyptian authorities at the Rafah crossing. Meanwhile, the number of confirmed hostages abducted and held in Gaza since the shock assault rose to 212. Earlier in the day, the Israel Defense Forces said that it carried out an airstrike against a Hezbollah position in southern Lebanon in response to anti-tank guided missile attacks on northern Israel earlier today, Times of Israel reported. Meanwhile, IDF spokesman Rear Adm.

BJP chief JP Nadda on Sunday attacked the Congress, saying public service delivery may be an «alien concept» for it as its only interest is to keep «the poor in poverty». The reaction came on a day Congress president Mallikarjun Kharge wrote to Prime Minister Narendra Modi objecting to a government order which, he claimed, stated that senior officers of ranks as high as joint secretary, director and deputy secretary are to be deployed to all 765 districts of the country as «Rath Prabharis» to «showcase achievements of the last nine years of Government of India».

bed bugs in a single month. When bed bugs invade a rented property, the question of responsibility arises. Is it the tenant's burden to bear, or should the landlord address the issue?

Mangalore Chemicals & Fertilizers Ltd's (MCFL) phosphatic plant in Mangaluru stopped operations on Sunday due to a lack of raw material. In a regulatory filing on Sunday, MCFL informed that its «phosphatic fertilizer plant was stopped today, October 22, 2023, due to raw material (phosphoric acid) stock out.» The company said it will inform once it resumes production in this plant.

Innergex Renewable Energy Inc. has witnessed a significant 66% drop in its share price over the past three years, including a 41% decline in the last year and an additional 33% fall in the recent quarter. The company's inability to generate profits, despite posting a consistent 16% yearly revenue growth during this period, raises questions about its long-term sustainability. According to InvestingPro data, Innergex's adjusted market cap stands at 1290.9M USD, and the company has been trading at a negative P/E ratio of -84.33, which highlights its lack of profitability.

UnitedHealth Group Incorporated (NYSE:UNH) is primarily owned by approximately 17 institutional investors, collectively holding about 89% of the company's shares. These investors constitute majority stakeholders with a 50% ownership stake, significantly influencing the company's share price. Individual investors often perceive this substantial investment as a vote of confidence in UnitedHealth Group's future prospects.

Despite a three-month dip of 3.3% in its stock value, DuPont de Nemours (NYSE:DD) showcased strong financial performance, underpinned by a five-year net income growth rate of 43%. The robust growth is attributed to efficient management within the company, a fact echoed by InvestingPro Tips, which highlight that the management has been aggressively buying back shares, further indicating their confidence in the company's trajectory.

Digital transformation and development of advanced technologies are progressing at full pace in India but cyber experts have expressed concern about the security of the sheer size of data that the country will have to manage, given its neighbouring adversaries as well as the growing sophistication of scammers. Indian technologists and business executives will have to collaborate, cooperate and create a comprehensive ecosystem to tackle tech-driven threats, the experts said on the sidelines of Singapore Cyber Week — 2023 held from October 17-19.