Information Financial News

Finolex Cables has not yet disclosed the outcome of voting by shareholders pertaining to the resolution related to the reappointment of Deepak Chhabria as an «executive chairman» in its annual general meeting (AGM) held on September 29. Finolex Cables' scrutiniser, in a disclosure submitted to the stock exchange, has revealed that, in light of the Supreme Court's directive, the voting results are kept in abeyance until the National Company Law Appellate Tribunal (NCLAT) passes its final orders. This development has arisen amid an ongoing dispute between the two cousins, Prakash Chhabria and Deepak Chhabria. Finolex Cables had proposed a resolution for reappointing Deepak Chhabria for five years, from July 1, 2023, to June 30, 2028. Last Tuesday, the Supreme Court vacated the NCLAT's interim direction and allowed Orbit Electricals, led by Prakash Chhabria, to vote at the Finolex Cables AGM.

The Cyber Crime Investigation Bureau (CCIB), an arm of the Royal Thai Police, has announced the successful retrieval of $277 million (about 10 billion THB in local currency) in digital funds from internet fraudsters, all thanks to its collaboration with the Binance exchange. 

Cameron Jay Ortis,, a former RCMP intelligence director accused of disclosing classified information, pleaded not guilty Tuesday to all charges.

N Biren Singh on Tuesday expressed his frustration as he publicly criticised an individual who had disseminated false information on social media. In a move to deter such behaviour, the CM also announced a monetary reward for information leading to the arrest of the individual responsible. The unidentified individual had posted a video on social media showing a convoy of heavy vehicles transporting large machinery, claiming that these machines were intended for mining platinum and uranium in Imphal.

Press Release: Two high-profile influencers sign for the world’s favorite crypto sportsbook through ‘Join the Crypto Experience’ ambassador scheme.

Meta is planning to lay off employees on Wednesday in the unit of its metaverse-oriented Reality Labs division focused on creating custom silicon, two sources familiar with the matter told Reuters on Tuesday. Employees were informed of the layoffs in a post on Meta's internal discussion forum Workplace on Tuesday. The post said they would be notified about their status with the company by early Wednesday morning, one of the sources said.

₹222.55, a 6.5% increase from the ₹209 close on 27 September. A Bloomberg report on 28 July ran the news of the restructuring a day before the formal announcement. On that day, the delivery stood at 7.8 million shares, while on the announcement day, it totalled 8.2 million shares.

Here’s how the former FTX CEO may have spent his time behind bars since a judge revoked his bail in August.

Shankarrao Chavan Medical College and Hospital has shocked state authorities as death count mounted to 31 in the past 48 hours. The number of people deceased also includes twelve infants.

NewsClick in connection with its probe into a case filed under the anti-terror law UAPA following allegations that it received money for pro-China propaganda. The news media house has been under investigation for allegedly receiving funds from China.

Federal Reserve Bank of Cleveland President Loretta Mester said the central bank will likely need to raise rates once more this year and then hold them at higher levels for some time to get inflation back to its 2% target. 

Click here! “If the concerned intermediary, after receiving information about the demise of the investor from the notifier or nominee after inferring the same, does not have access to or is not in a position to obtain the death certificate, then it will inform the nominee (s) that the KYC status of the investor has been flagged off as “On Hold" and require them to furnish the death certificate of the concerned investor." the circular added. The Sebi circular further read “after verification of the death certificate, the concerned intermediary will have to, on the same day of verification, submit a KYC modification request to the KRA that "information on death of investor received; death certificate verified" and also upload the relevant documents." The intermediary will have to block all debit transactions in the account or folios of the deceased investor, the circular added.

instant online two wheeler loan approval. The journey begins with a simple online or offline application. As mentioned above, you can do this online as well as offline at your nearest Hero Motocorp dealership.

Forex trading can be done through forex brokers or financial institutions that provide access to the market and the necessary trading tools. It's important to note that forex trading involves risk and requires knowledge, experience, and careful analysis. The most active currencies are the major currency pairs.

₹12,307.72 crore against ₹10,384.66 crore in a year ago period. Moreover, the company had registered a revenue from operations of ₹7,649.64 crore in the July-September quarter in FY22, Avenue Supermarts informed BSE in a regulatory filing.

$107.70 billion by 2027. As a result, many investors and traders want to jump into this sector. Owning a vacation property is not that simple, it requires a lot of upfront capital, ranging in the millions of dollars range, most people do not have this amount of capital available.

Delhi High Court on Tuesday sought response from the Telecom Regulatory Authority of India (Trai) on the All India Digital Cable Federation’s (AIDCF) petition alleging that the telecom regulator did not consider all its issues in the consultation paper ‘Review of Regulatory Framework for Broadcasting and Cable services" including the demand of Multi System Operators (MSOs) to make their own bouquet of TV channels. While Trai had on August 8 issued the consultation paper on issues pertaining to tariff, interconnection and quality of service of broadcasting and cable services, the Consultation Paper “fails to meet the standard of transparency,” the cable body stated in its petition filed through counsel Swapnil Gupta.

Bajaj Finserv's insurance arm, Bajaj Allianz General Insurance Company Limited (BAGIC) on September 29 received a show cause cum demand notice from the Directorate General of Goods and Services Tax (GST) Intelligence alleging a tax demand of Rs 1010.05 crore, the financial services company informed the exchanges on Tuesday. The notice was sent by the authority's Pune office referring to the failure to pay GST between July 2017 and March 2022 notably in two areas.

Sebi on Tuesday announced a centralised mechanism for reporting and verification through the KYC Registration Agency in case of the demise of an investor. Also, the regulator has put in place operational norms, including the obligations of regulated entities and registered intermediaries that have interfaces with investors or account holders who are natural persons.

Innovations tend to be, by their very nature, disruptive. Governments tend to be, by their very nature, wary of disruption. Satisfying the primary objectives of these fundamentally different stakeholders in a single piece of legislation is, therefore, requires a nigh-on impossible balancing act.

The rise of generative AI within companies often starts at the top with chief executives, making it different from other business tech booms typically led by technologists. Given the active role of CEOs, generative AI pilots stand to get ample resources, but the pressure to meet expectations creates a unique challenge, according to chief information officers, the executives who bridge business and technology leadership.