Landmark Financial News

Real estate developer Navanaami Projects Private Ltd has announced the launch of its luxurious residential project, Megaleio, in Hyderabad.

Contrary to popular belief, the market for self-directed investing isn’t all about the young and not-yet-rich, according to a new study from Broadridge.

Goldman Sachs Group Inc. clinched a $43 billion mandate to invest pension fund assets of parcel-delivery company UPS, in one of the largest deals of its kind. 

BlockDAG is making headlines around the globe, transforming iconic landmarks into dazzling displays of its revolutionary blockchain technology. From the vibrant lights of London’s Piccadilly Circus to the bustling streets of Tokyo and the entertainment capital, Las Vegas, BlockDAG is on display and captivating an international audience.

The Commodity Futures Trading Commission (CFTC) has reached a settlement with Falcon Labs, Ltd., a Seychelles-based entity, for operating as an unregistered futures commission merchant (FCM) and facilitating access to digital asset exchanges without proper registration.

About 700 workers have walked off the job at a hotel-casino near the Las Vegas Strip in what union organizers say will be a 48-hour strike after spending months trying to reach a deal for new five-year contract with Virgin Hotels

Rajasthan Royals legbreak spinner Yuzvendra Chahal on Tuesday etched his name in the history books by becoming the first Indian to achieve the landmark of 350 wickets in the T20 format. Chahal achieved the feat against Delhi Capitals at the Arun Jaitley Stadium in the ongoing Indian Premier League (IPL) 2024 season. In his 301st T20 match, DC skipper Rishabh Pant became his 350th victim in T20 format. The left-handed batter went down and tried to place his shot across the field.

Insolvency Bankruptcy Board of India (IBBI) declared 2023-24 as a landmark year, with the National Company Law Tribunal achieving a significant 43 per cent increase in resolutions, jumping from 189 cases last year to 270 this year. The IBBI is expected to submit a report to the government over the next 2-3 months for including «mediation» in the Insolvency and Bankruptcy Code (IBC), which is currently under discussion and scrutiny. The regulator is also working on prepackaged insolvency for large corporate cases, which is only allowed in MSME cases as of now. For the first time in a year, the number of outputs has increased from the number of inputs, reducing the pendency across India, said Sudhaker Shukla, an IBBI whole-time member, while addressing the CII organised 7th Insolvency and Bankruptcy Code conclave.

Tata Group's Engineering, Procurement, and Construction (EPC) company, Tata Projects, has said that it has turned profitable. Speaking over the company result announcement, Vinayak Pai, MD & CEO at Tata Projects said the company's strategic realignment, organisational transformation and improved focus on operational efficiencies have started yielding results. «I feel proud to announce that we have returned to profitability, and we are moving forward on our path to deliver predictable and sustainable projects through innovation and technology,» he said. Tata Projects reported a profit after tax of Rs 120.57 crore for the quarter ended March 31. The company had posted a loss of Rs 366.42 crore in the year-ago period. The company's revenue from operations increased to Rs 5,412.80 crore during the March quarter, over Rs 5,015.21 crore in the year-ago period, the statement said.

Stock market outlook: After climbing to a new peak in the week gone by, frontline indices of the Indian stock market failed to sustain at higher levels, and they witnessed heavy correction immediately after touching the new peaks. This might have put doubts into the minds of stock investors about whether the Indian stock market has topped out and whether bears are ready to take centre stage in the subsequent few sessions. According to stock market experts, in the post-COVID period, Indian markets are witnessing three bull and bear markets.

London, May 2024 In a strategic move that sets the stage for unprecedented growth in the crypto data sector, DropsTab has secured a landmark investment from DWF Labs, a global leader in digital asset market making and Web3 investments. This partnership heralds a new era for DropsTab, poised to significantly advance the development of its operations, facilitate Web3 integration on its platform, and enhance its flagship product, EtherDrops. EtherDrops, which serves over 700,000 users via Telegram, has plans for further tokenization.

The Environmental Protection Agency has finalized a ban on consumer uses of methylene chloride, a chemical widely used as a paint stripper but known to cause liver cancer and other health problems

The U.S. Justice Department has launched a double-barreled antitrust attack on Google’s dominant search and Apple’s trendsetting iPhone

newspapers, including the New York Daily News and Chicago Tribune, sued Microsoft and OpenAI in New York federal court on Tuesday, accusing them of misusing reporters' work to train their generative artificial-intelligence systems. The eight newspapers, owned by hedge fund Alden Global Capital's MediaNews Group, said in the lawsuit that the companies unlawfully copied millions of their articles to train AI products, including Microsoft's Copilot and OpenAI's ChatGPT.

Axel Springer will migrate some of its cloud-based applications to Microsoft's Azure and work with the firm on bolstering its AI capabilities, the companies said on Monday, as they expanded their partnership. Axel Springer will also work with the tech giant to launch an AI-driven chat experience, which will feature content from the news publisher, the companies said.

The 2G spectrum judgement of 2012 is making headlines again. The government is pleading at the Supreme Court (SC) for an amendment to its landmark telecom auctions ruling that mandated the sale of 2G spectrum to the highest bidder. But the Centre wants to allocate some spectrum through administrative means, such as licensing—an approach often used for procuring services from the private sector.

LSG vs RR IPL 2024: As veteran cricketers discuss his role in India's T20 World Cup 2024 squad, Lucknow Super Giants (LSG) skipper KL Rahul seems to be in his zone and focuses entirely on his batting. After a brilliant knock against Chennai Super Kings (CSK), KL Rahul repeated the spectacle against Rajasthan Royals on Saturday with a 76-run innings, creating a new record in IPL history. After losing his opening partner Quinton de Kock early in the game, KL Rahul played the captain's innings to steer LSG's innings.

LTTS) reported a net profit of Rs 341 crore in the March quarter of FY24, up 1.4% quarter on quarter (QoQ). The profit for the company grew by just 0.2% on-year. The muted growth in profit comes on the back of the company seeing a marginal decline in its operating margin which fell from 17.2% in Q3 to 16.9% in Q4, a fall of 30 basis points (1.7%). A year ago, the company’s operating margin was at 17.9%.

yen was pinned on the weaker side of 155 per dollar on Thursday as the Bank of Japan (BOJ) kicks off its two-day rate-setting meeting, leaving traders nervous as to whether Tokyo will intervene while policy deliberations are still underway. Having traded in a tight range over the past few days, a buoyant dollar finally broke above the 155 yen level for the first time since 1990 in the previous session, and was last steady at 155.34 yen in early Asia trade.

minority votes, with the BJP emerging as a strong contender against the Congress-led UDF and the CPM-led LDF. According to the 2011 Census, Muslims and Christians together account for 44.9% of Kerala's population, making their support crucial in the upcoming elections. The intense focus on minority issues in Kerala's political arena is not surprising, given that Muslims and Christians together constitute 44.9% of the state's population, according to the 2011 Census. Political parties believe this figure has only increased in recent years. Significance of Minority Votes

Amit Shah on Tuesday said the BJP used its majority in Parliament to nullify Article 370, ban instant triple talaq and bring a new citizenship law, and asserted the Modi government will never change the Constitution. Addressing an election rally in Akola in eastern Maharashtra in support of BJP candidate Anup Dhotre, Shah accused the Congress of putting hurdles in the construction of the Ram temple in Ayodhya. The senior BJP leader noted it was Modi who ensured that a grand and magnificent temple dedicated to Lord Ram was built in Ayodhya. Shah said the Modi government, on returning to office after the Lok Sabha polls, will bring citizens above 70 years under the ambit of the free health insurance cover of Rs 5 lakh and provide cooking gas cylinders directly to consumers. Shah slammed the INDIA alliance, saying they did not want the Ram temple to come up in Ayodhya.