Landmark Financial News

Top US banking regulators have updated decades-old rules that are meant to tackle redlining and boost lending to lower-income areas. 

By Lewis Jackson

Tampa, offers a speciality to all its customers in the form of a rare, decadent, and sweet retreat. Not just the Bern's Steak House, there are other fine-dining places in Florida which are extremely popular. However, the Bern's Steak House has a speciality which makes people talk about the place.

An ambitious 2021 agreement by more than 140 countries and territories to weed out tax havens and force multinational corporations to pay a minimum tax has been weakened by loopholes and will raise only a fraction of the revenue that was envisioned, a ...

A Hong Kong court has upheld a ruling that favored the granting of equal inheritance rights to same-sex couples

HSBC has nearly tripled the size of a syndicated overseas loan to retail non-banking financial company Shriram Finance to $400 million, with international financiers showing firm appetite for lending to the domestic NBFC sector amid a volatile global interest rate outlook. Senior management of HSBC, the sole arranger for the dollar loan, told ET that the facility had been upscaled from the original size of $150 million to $404 million. The deal will be concluded in the next few days. «This deal has several firsts and will surely be counted as a landmark transaction for both the borrower and the sector.

Broadway stage is set to ignite with the captivating performances of Eddie Redmayne and Gayle Rankin as they take on the iconic roles of The Emcee and Sally Bowles in the immersive production of «Cabaret» at the August Wilson Theatre. Following the sensational success of the London production with Redmayne and Jessie Buckley, the arrival of «Cabaret at the Kit Kat Club» on Broadway has generated significant anticipation within the theater community. Helmed by director Rebecca Frecknall, the production promises to transport audiences to the decadent world of Weimar Germany, weaving a narrative of passion, defiance, and resilience against the backdrop of a society on the brink of transformation.

tax havens and force multinational corporations to pay a minimum tax has been weakened by loopholes and will raise only a fraction of the revenue that was envisioned, a tax watchdog backed by the European Union has warned. The landmark agreement, brokered by the Organization for Economic Cooperation and Development, set a minimum global corporate tax of 15%. The idea was to stop multinational corporations, among them Apple and Nike, from using accounting and legal maneuvers to shift earnings to low- or no-tax havens.

ANI. The Durga Puja pandal showcases model of Prime Minister Narendra Modi along with world leaders and prominent international delegates who attended the event including US President Joe Biden. The pandal also showcases Delhi's Red Fort.

₹2,717 crore for the three months ended 30 September from ₹2,616 crore a year ago, the company said in a statement to the stock exchanges. Sales rose 4% to ₹15,027 crore from ₹14,514 crore in the year-ago period, while advertising and promotion spending increased 11.4% to ₹1,720 crore during the quarter. The company said it delivered a “resilient and competitive performance" in the quarter, with an underlying volume growth of 2%.

The prosecution in Sam Bankman-Fried's landmark fraud case revealed several telling messages the fallen crypto founder had via direct message through Twitter.

₹908 crore in the quarter ended September 2023, registering a growth of 37.27% from ₹661.46 crore in the same quarter last year. The net profit for the quarter includes one-time gain of ₹106.4 crore. Nestle India’s revenue in Q3CY23 increased 9.5% to ₹5,036.8 crore from ₹4,601.8 crore in the year-ago period.

NEW DELHI : The Supreme Court on Tuesday refused to grant legal recognition to same-sex couples and said only Parliament and state legislatures can validate marital unions in a ruling that disappointed millions of lesbian, gay, bisexual, transgender and queer (LGBTQ+) people in India. By a 3-2 majority, the court also declined to grant constitutional protection to civil unions and adoption rights for queer couples, noting that mandating the state to grant recognition or legal status to some unions will violate the doctrine of separation of powers and could lead to unforeseeable consequences.

₹200 crore in the quarter ending September 2023, as per a regulatory filing made on October 17. The net profit has increased by 14.8 percent annually, as it stood at ₹174.3 crore in the year-ago period. Sequentially, it went up by 5.9 percent from ₹188.9 crore reported in the June 2023 quarter.

The federal government was forced to acknowledge the potential risks of climate change on the value of sovereign bonds as it settled a landmark case on Monday that alleged it had misled or deceived investors, and the Federal Court judge involved said global warming would likely be “a huge drain on Commonwealth resources”.

Domestic benchmark index NSE Nifty fell 17.45 points to 19733.6, while the BSE Sensex traded 99.01 points down at 66183.73. On the other hand, Tantia Const, Prakash Pipes, MSTC Ltd., Landmark Prop and Jai Corp stocks hit their fresh 52-week highs today.

By Praveen Menon

The Socceroos have once again punched well above their weight on their landmark first visit to Wembley Stadium, but were knocked out by the England heavyweights’ extra sheen of quality in a 1-0 defeat.

Saudi Arabia has suspended talks on potentially normalising ties with Israel, a source told AFP on Saturday, amid the war raging between Israel and the Palestinian militant group Hamas. Hamas launched a large-scale attack on Israel on October 7 which killed 1,300 people, sparking a retaliatory bombing campaign that has killed at least 1,900 in the Gaza Strip ahead of a potential Israeli ground invasion of the territory. «Saudi Arabia has decided to pause discussion on possible normalisation and has informed US officials,» a source familiar with the discussions told AFP. Saudi Arabia in the weeks before the attacks had spoken of progress in US-led diplomacy to normalise relations with Israel — which would be a landmark step for the conservative kingdom that is guardian of Islam's two holiest sites. But Riyadh has voiced increasing disquiet about the fate of Palestinians in the Hamas-controlled Gaza Strip, where Israel has launched thousands of strikes and ordered the evacuation of the territory's north, prompting thousands to flee. On Friday, Saudi Arabia denounced the displacement of Palestinians within Gaza and attacks on «defenceless civilians», its strongest language criticising Israel since the war broke out. Riyadh «affirms its categorical rejection of calls for the forced displacement of the Palestinian people from Gaza, and its condemnation of the continued targeting of defenceless civilians there,» the foreign ministry said in a statement.

By Lewis Jackson and Samuel McKeith

Crypto lending activity still falls outside the purview of China’s legal system, ruled a Chinese court in the second ruling of the nation’s kind on Tuesday.