Inside Financial News

A new “big eight” of superannuation funds will dominate the $3.5 trillion retirement savings system by uniting under a soon-to-be announced policy and lobby group that will court both sides of politics.

Liberalised Remittance Scheme, in case of amounts exceeding ₹7 lakh in a financial year from October 1, is likely to push the sale of luxury brands in India, experts said. Covid had helped boost demand for luxury brands in India as international travel restrictions shifted sales to domestic stores. That is now set to get another boost due to narrowing of the price gap between foreign and local markets after accounting for the 20% tax collected at source (TCS), mall owners said. «An Indian consumer earlier used to go abroad and shop in Dubai or London, but when the pandemic happened, many of those brands like Chanel or Hermes called their Indian consumers to do small events inside the store.

Two foreign aid workers have reportedly been killed in eastern Ukraine when Russian shelling hit a van carrying a team of four working with a Ukrainian NGO

Afghanistan is now the world's fastest-growing maker of methamphetamine

James Webb Space Telescope began beaming back from outer space its stunning images of planets and nebulae last year, astronomers, though dazzled, had to admit that something was amiss. Eight months later, based in part on what the telescope has revealed, it's beginning to look as if we may need to rethink key features of the origin and development of the universe. Launched at the end of 2021 as a joint project of NASA, the European Space Agency and the Canadian Space Agency, the Webb, a tool with unmatched powers of observation, is on an exciting mission to look back in time, in effect, at the first stars and galaxies.

Daniel Abed Khalife, aged 21, has been apprehended by police just over three days after his daring escape from HMP Wandsworth, where he was found strapped beneath a food delivery van. This marks the conclusion of Khalife's time on the run while awaiting his impending court case. But how did he transform from a British army soldier into Britain's most sought-after fugitive?

Writers Guild of America (WGA) have been on strike in Hollywood since May 2, 2023, 12:01 a.m. PDT. In the four months that have passed, several rounds of the WGA representatives’ talks with the Alliance of Motion Picture and Television Producers (AMPTP) have failed. Now, the WGA has urged the AMPTP to go soft on its stance, if it wants the strike to end. The WGA urged members on September 8 to “stay strong”, while suggesting that studios that want a “fair deal” with their writers will have to agree to the deal or break away from the “broken AMPTP model”. The WGA revealed that some legacy studio executives are keen to agree with the Guild’s stance on certain issues. However, the AMPTP is a system that “favors inflexibility over compromise,” said the WGA. It told members that the studios “will continue attempting to get writers to settle for less than what we need and deserve, and encourage us to negotiate with ourselves”. “But we are not going to do that,” the WGA asserted. “Instead, the companies inside the AMPTP who want a fair deal with writers must take control of the AMPTP process itself, or decide to make a deal separately. At that point, a resolution to the strike will be in reach,” it added in the statement. The WGA also asked members to be careful of studio executives who may try to create dissent among the union writers. “We understand how painful this time is for everyone,” the WGA said to its members. “We are all tired and hurting and scared. There is nothing wrong with saying so.”

India got the «100 per cent» consensus on all developmental and geo-political issues focussing on Strong, Sustainable, Balanced, and Inclusive Growth Accelerating Progress on Sustainable Development Goals. Soon after Prime minister Narendra Modi announced that the consensus has been achieved on New Delhi G20 Leaders' Summit Declaration and announced its adoption, G20 Sherpa Kant congratulated India. «Historical and Path breaking #G20 Declaration with 100 per cent consensus on all developmental and geo-political issues. The new geopolitical paras are a powerful call for Planet, People, Peace and Prosperity in today's world.

Bengaluru Airport on Friday night when thick smoke was observed emanating from the tail area of an Air India aircraft. Swift action by airport firefighters ensured the situation was brought under control, and fortunately, no injuries were reported.

Delhi Metro is again in the news, that too for the wrong reasons. This time, a video has surfaced in which a woman can be seen confronting a couple engaging in public displays of affection (PDA). The video has ignited a spirited online debate regarding the boundaries of expressing affection in public spaces.

Uber Technologies Inc. is working on a TaskRabbit-like service that will let app users hire people to conduct various tasks in an expansion beyond driving and deliveries. The potential new service, codenamed “Chore,” was discovered inside of Uber’s iPhone app within hidden code strings. According to the code, a “tasker” can be hired for a minimum of one hour. The app will ask users to specify what job is needed, how long it will take and when they want the person to arrive.

Rishi Sunak on Saturday said that the world is looking to G20 to provide leadership and that the leaders are meeting at a time of enormous challenges. Sunak, who is taking part in G20 Summit in New Delhi, expressed confidence that the leaders will be together able to address the challenges. «15 years ago, #G20 leaders came together for the first time to restore global growth after the financial crisis. We meet at a time of enormous challenges — the world is looking to the G20 once again to provide leadership.

G20 Presidency has become a symbol of inclusion both inside and outside the country, Prime Minister Narendra Modi said on Saturday that it has become «People's G20» in India and crores of citizens are connected with it. In his opening statement at G20 Summit being hosted under India's presidency, PM Modi spoke of global challenges and said 'Sabka Saath, Sabka Vikas, Sabka Vishwas, Sabka Prayas' can be the torch bearer to address these. The plaque in front of PM Modi at the G20 Summit said «Bharat». «India's G20 presidency has become a symbol of inclusion, of 'sabka saath' both inside and outside the country. This has become People's G20 in India.

G20 Summit in Delhi began on 9 September with Prime Minister Narendra Modi's inaugural remarks. The Prime Minister's opening address to the G20 summit came with his nameplate labelled 'Bharat' on it. This came days after the invitations to the summit dinner were sent out in the name of the "President of Bharat", prompting rumours official usage of the country's English name would be scrapped.

In an exclusive interview with Sanjeev Sinha, Mr LC Mittal, Director, Motia Group, shares his views on the latest surge in India’s residential real estate market and talks about the USP of their projects, especially in the Chandigarh Tricity area. Excerpts:

G20 Summit in Delhi, a prominent international gathering of world leaders has arrived in the national capital to attend the crucial conclave. Delhi has witnessed the implementation of strict traffic regulations on Saturday. In an official statement, Delhi Traffic Police said, “Entry of goods vehicles (HGV/MGV/LGV) except engaged in essential services has been restricted in Delhi.

Welcome to the weekend. To start off your day, we’ve curated 10 great reads to enjoy.

Lil Baby’s concert in Tennessee on Thursday night. The man injured has been rushed to a hospital where he is in critical condition. Confirming the shooting incident, the Memphis Police Department said that the incident took place at FedExForum in Memphis. “One adult male shooting victim was located and transported to Regional One Health in a critical condition. At this time, the identity of the shooter remains unknown. No other injuries were reported and all have cleared the facility.” The incident occurred at 191 Beale Street, which is located in the downtown area of the city. The arena is situated in the entertainment district known for Blues Music. The area runs east along the Mississippi River. Rapper Lil Baby was performing on the stage when the shooting took place. The 28-year-old Grammy-nominated rapper was rushed off the stage at about 10.20 p.m. when he was in the middle of his song «Frozen». Memphis police Public Information Officer Sgt. Louis Brownlee said that no one has been arrested so far. Memphis Police said that it is investigating how the weapon used in the shooting got inside FedExForum. FedExForun said in a statement, “A person was shot tonight at FedExForum during the Lil Baby concert. The incident is under investigation and we are fully cooperating with the Memphis Police Department."

AFL club presidents have been discussing candidates to replace the game’s chairman, Richard Goyder, who will miss this weekend’s finals to attend his son’s wedding in Broome.

Laundry is a relatively easy chore, or so you might think. As we reported more about high-tech washing machines, new clothes movers and steam-cleaning closets, experts kept sharing information that challenged deeply held cleaning doctrine. It turns out, most of us probably do a number of things that make our washes less effective, harsher on our clothes and harmful to the environment.

WASHINGTON—President Biden has steered clear of talking about former President Donald Trump’s mounting legal problems. Trump’s record, however, is another story. Biden is in the early stages of seeking to define Trump’s record as president, reminding voters about how “the last guy" in the White House managed the economy and a spate of domestic issues.