Information Financial News

Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today.

Sead specializes in writing factual and informative articles to help the public navigate the ever-changing world of crypto. He has extensive experience in the blockchain industry, where he has served...

India has made a significant shift from a governor-centric decision-making model to a more collaborative approach via MPC, mirroring global trends since the late 1990s. Based on Urjit Patel committee's recommendation, MPC was formed in 2016. It has three internal members from RBI and three external members from academia. This collegial structure, while intended to foster balanced decision-making, has revealed an interesting dynamic: discord among committee members. As seen, external MPC members often vary from the majority's stand on policy rates, raising questions about the efficacy of this governance model. Studies in policy communications of central banks, however, have often emphasised the need to preserve and nurture an environment conducive to such frictions in a committee-based deliberative decision-making framework.

vessels sustained damage after being hit with missiles and a sea drone off Yemen's Red Sea port of Hodeidah early on Tuesday, maritime security agencies and sources monitoring the area said. Both vessels reported that their crews were safe. One of the vessels, the Panama-flagged tanker M/T Cordelia Moon, reported being hit by an Uncrewed Surface Vessel (USV) 64 nautical miles northwest of Hodeidah, the United Kingdom Maritime Trade Operations (UKMTO) agency said.

By Lawrence Solomon

social media platforms over the last decade and a half has had a pervasive impact on the way industries function, especially in large consumer markets like India. The 'personal finance' industry in India is an apt case study, which has witnessed a significant uptick in using social media platforms by individuals/organizations. These individuals, who are largely unregulated, share information and advice with prospective investors on a range of topics covering the entire spectrum of financial planning on social media platforms like Facebook, Instagram and Twitter and many others. Their counsel covers most financial instruments, including market securities, mutual funds, insurance and pension funds. Notably, no stipulations define the eligibility criterion and qualifications under an established legislative framework in India. As a consequence, most of 'Financial Influencers' or 'Finfluencers' are ill-equipped to offer professional advice and guidance to investors, who commit their hard-earned money based on such information.

Subscribe to enjoy similar stories. Vidhya Ramachandran, a Chennai home-maker, is busy prepping for Navratri, when golu (figurines and dolls) are displayed in a step arrangement, depicting scenes from mythology, culture and daily life. She is also planning the daily naivedyam (offering), of which sundal is a staple.

Subscribe to enjoy similar stories. Imagine a world where waste is transformed into valuable resources, reducing landfill clutter while fuelling industries from construction to automotive. This isn’t a distant vision—it's happening now.

Godrej Properties on Tuesday said its board has approved raising of up to Rs 6,000 crore through the issue of securities. In a regulatory filing, Godrej Properties informed that the board has approved the raising of funds for an aggregate amount not exceeding Rs 6,000 crore. The funds would be raised through the issuance of securities, including equity shares, debentures, preference shares and/or any other eligible securities. The fund raising could be in one or more tranches through public and/or private offerings including qualified institutions placement, rights issue, further public offer or any other mode as may be permitted under applicable laws and/or any combination thereof.

Rail Vikas Nigam Limited (RVNL) on Tuesday announced that it emerged as the lowest bidder from East Coast Railway for construction works in Odisha. The order costing Rs 283.69 crore is to be completed in 24 months' time, the company informed stocks exchanges in a filing. The work orders include 3rd and 4th line between Jarapada and Talcher Road and Construction of New line between Angul-Balram (MCRL Inner Corridor Phase-I Doubling 14 Kms).: Execution of balance earthwork in formation, minor bridges, major bridges, P.way linking works, supply of ballast, S&T Buildings, Level Crossing and other Misc. works between Jarapada and Talcher Road excluding station yards in connection with 3rd and 4th line of Jarapada-Budhapank Project and between Angul and Balram including yards of MCRL Inner Corridor Phase-I Doubling.

Subscribe to enjoy similar stories. In an October 2009 lecture at Central European University, George Soros, the legendary hedge fund manager, shared his views on the concepts of fallibility and reflexivity, first introduced in his book The Alchemy of Finance (1987). Soros reflected, "In the course of my life, I have developed a conceptual framework that has helped me both to make money as a hedge fund manager and to spend money as a policy-oriented philanthropist.

Subscribe to enjoy similar stories. China’s real-estate bust left behind tens of millions of empty housing units. Now that historic glut of unoccupied property is colliding with China’s shrinking population, leaving cities stuck with homes they might never be able to fill.

Subscribe to enjoy similar stories. In recent years, social media influencers have emerged as powerful voices in the marketplace, capable of shaping consumer opinions and driving trends. However, a recent court ruling serves as a crucial reminder that being a social media influencer is not a licence to operate without accountability or responsibility.

Indian Railways IRCTC will be in focus after the board approved the appointment of Gaisingam Kabui as the chief financial officer (CFO) of the company with effect from October 1. «It is hereby informed that on the recommendations of the Nomination and Remuneration Committee and the Audit Committee, the Board of Directors has appointed Gaisingam Kabui, GGM (Finance), as Chief Financial Officer (CFO) (Key Managerial Personnel) of the Company with effect from October 01, 2024,» the company said in a filing.

The company’s stock ended Monday’s trade marginally higher at Rs 180.05.

Subscribe to enjoy similar stories. Placement teams at India’s top technology schools are chasing potential recruiters early to avoid a repeat of last year’s struggle to land jobs for their graduates, even as companies are still undecided about their hiring numbers. While recruiters from information technology and related services, core industries, manufacturing and banking sectors have started registering with the Indian Institutes of Technologies (IITs), the companies haven’t disclosed their targets for the batch of 2025, according to a placement officer at one of the new IITs.

Subscribe to enjoy similar stories. Edelweiss Financial Services Limited is preparing to list its step-down subsidiary Edelweiss Alternative Asset Advisors Limited (EAAA), which will be the first initial public offering (IPO) in the Indian private capital segment, three people informed on the matter said, requesting to remain anonymous. The IPO, which is partly aimed at reducing the parent company’s debt, is likely to be predominantly an offer for sale.

Companies News Today Live Updates: Stay ahead of the curve with the latest insights from the corporate world through our company news coverage. This section provides a detailed look at significant events affecting industries and markets globally, including mergers, acquisitions, financial reports, and strategic shifts in leadership and operations.

Mithun Chakraborty has been conferred with the prestigious Dadasaheb Phalke Award, country’s highest recognition in the field of cinema. This was announced by Union Minister for Information and Broadcasting Ashwini Vaishnaw on X earlier today. “Mithun Da’s remarkable cinematic journey inspires generations! Honoured to announce that the Dadasaheb Phalke Selection Jury has decided to award legendary actor, Sh. Mithun Chakraborty Ji for his iconic contribution to Indian Cinema.” Vaishnaw wrote that the award will be presented to Mithun Chakraborty at the 70th National Film Awards ceremony, set to take place on Oct 8, 2024.

Sead specializes in writing factual and informative articles to help the public navigate the ever-changing world of crypto. He has extensive experience in the blockchain industry, where he has served...

Subscribe to enjoy similar stories. MUMBAI : At a recent informal investor meet-up in Bengaluru, half of the 20-odd participants said they had received calls to buy Swiggy shares ahead of its initial public offering (IPO). The Mint writer's tweet on the subject, asking for comments, elicited hundreds of responses.