Merit Financial News

Microsoft's investment into ChatGPT developer OpenAI to see if it merits further investigation under the bloc's merger rules. The European Commission said in a statement it was «checking whether Microsoft's investment in OpenAI might be reviewable under the EU Merger Regulation».

—Name withheld on request There is no better time to start investing. It is very difficult to time the markets and although the markets are due for a correction, it would not be wise to wait further. Also, when it comes to SIPs, there is not much merit in timing the markets.

Central Bank of India has invited applications for Safai Karmachari Cum Sub-Staff And/ Or Sub-Staff posts.Candidates who are eligible can apply online through the official website of Central Bank of India at centralbankofindia.co.in. This recruitment drive will fill up 484 posts in the organization.The registration process opened on December 20 and will end tomorrow.

before the match which led to all the confusion. The secretary continued the defiant tone and claimed that the President of the cricket body doesn't have the authority to select the final team. “We have picked the team on merit and that is the right team.

MUMBAI : The National Company Law Appellate Tribunal has dismissed an appeal by non-bank financier Authum Investment and Infrastructure challenging a bankruptcy tribunal order that had rejected its objections to a resolution plan for two Srei companies. The National Company Law Tribunal had in August approved a resolution plan submitted by National Asset Reconstruction Co. Ltd (NARCL) for Srei Infrastructure Finance Ltd (SIFL) and Srei Equipment Finance Ltd (SEFL).

NMC) has introduced the "Post-Graduate Medical Education Regulations, 2023," mandating that all rounds of counselling for every seat will be conducted through online mode by state or central counselling authorities. The official statement released on December 29, 2023, explicitly stated, «All rounds of counselling for all seats will be held on the online mode by state or central counselling authority.» The notification emphasized that no medical college or institution is permitted to admit any candidate independently. It further reiterated this point by stating, «No medical college/institution will admit any candidate.» The regulations also outline the provision for common counselling for admission to post-graduate courses in medicine across all medical institutions in India. «Without prejudice to anything stated in the present Regulations or other NMC Regulations, there shall be common counselling for admission to post-graduate courses in medicine for all medical institutions in India solely based on the merit list of respective exams,» it said. «Provided the common counselling may have multiple rounds as may be necessary,» the notification added. Highlighting the importance of transparency in fee details, the notification mentions, «While entering details in the seat matrix, medical colleges shall mention the amount of fees for each course, failing which the seat will not be counted.»

Supreme Court has with commendable alacrity taken up for review a judgment delivered by the Calcutta High Court in a case of underage sexual abuse that is problematic on several counts. First, the judgment goes beyond its brief to decide on the merits of the appeal against the ruling of a lower court. Second, the judgment suggests amendment of the law on underage sex and invoked discretionary powers to pronounce the verdict.

Religare Enterprises Ltd independent director Hamid Ahmed from attending the company’s board meetings related to its open offer unless he withdraws or justifies his recent comments on the matter. Ahmed violated sections of the regulator’s takeover code by speaking publicly against the open offer, the Burmans wrote to the Securities and Exchange Board of India (Sebi). Mint has seen a copy of the letter.

Bitcoin’s recent flash crash has sent shockwaves across the cryptocurrency market, impacting various gaming-related tokens. 

NTA Director Subodh Kumar Singh highlighted the purpose behind this move, stating, "The move is aimed at ensuring there are no cases of use of unfair means or proxy attendance. We have strict mechanisms in place already but the idea is to make the exam completely foolproof to ensure there are zero incidents." Currently, aspirants undergo screening upon entry, with biometric attendance recorded at that point.

Tata Asset Management has announced the launch of 4 NFOs — 2 Exchange Traded Funds (ETFs) and 2 Fund of Funds (FOF). These funds will provide investors an opportunity to take exposure to gold and silver, respectively, as an asset class with low transaction costs, high liquidity and low expense ratio.

₹13.83 crore tax demand, with a ₹1.38 crore penalty from the Deputy Commissioner of State Tax, Chennai, Tamil Nadu. "An order passed under relevant provisions of the Central Goods and Services Tax Act, 2017 and the corresponding provisions... demanding additional tax on outward supplies, disallowance on account of account of Input Tax Credit (ITC) mismatch between the purchases reported by the supplier in GT return and credit claimed by the company....," Asian Paints said.

Priya is a committed investor, who has put together a diverse pool of investments over time. She is confident about her product selection, having mitigated risk by spreading her investments across numerous products, with small amounts. Despite her strategic approach, Priya realises that her portfolio isn’t delivering substantial returns and lacks protection from market volatility. Additionally, accessing funds when needed proves challenging, and managing the portfolio becomes a time-consuming task. Priya is left wondering where she has gone wrong and how to realign her investments. Priya’s portfolio exhibits signs of over-diversification, a condition characterised by numerous, small, fragmented holdings that reduce the impact of successful investing.

seat-sharing talks for the Lok Sabha polls in Maharashtra are already showing the fault lines between one key ally and one prospective ally of the Congress humiliating the grand old party leadership in the state. While Vanchit Bahujan Aghadi's Prakash Ambedkar described the state Congress leaders as «donkeys», the Uddhav Balasaheb Thackeray (UBT) faction of Shiv Sena had on Friday said that the state Congress leadership did not matter. «Those who are speaking (in the state Congress) do not have any powers.

[Dubai], [29th Dec 2023] – As the initial rounds of college admissions decisions have been released, Ivy Central, a distinguished college counseling program, has announced its early successes for the 2023/2024 college admissions cycle. Ivy Central's Class of 2028 has secured early wins at over a dozen Top Tier institutions, demonstrating the program's commitment to mentoring students toward outstanding placements.

In the recent state elections, incumbent governments in all except Madhya Pradesh lost. There are many factors that influence the electorate’s voting behaviour, with economic performance being important but not the sole one. So, drawing any conclusion on the relative performance of states based on election results is unlikely to yield fair conclusions.

Rahul Gandhi added. "You do not fear anyone...This is a fight of ideologies...Together we are going to win elections in Maharashtra and the country," said Rahul Gandhi at Congress' 'Hain Taiyyar Hum' rally in Maharashtra's Nagpur. Rahul Gandhi at the rally also promised a nationwide caste census if voted to power in the Centre.

geo-political risks, global slowdowns, quantitative tightening, and high valuations. The RBI has also identified a surge in unsecured loans as a potential risk and has announced policy measures to mitigate the concern. It is essential to closely monitor the credit expansion within the system, given the substantial surge observed this year. A potential default could pose a significant risk to one's portfolio.

By Jonathan Stempel

Ram temple in Ayodhya is set to be inaugurated, the city of Hyderabad earns a place of honor with its name etched on the intricately designed wooden doors that adorn the sacred structure. Anuradha Timbers, a century-old firm based in Hyderabad, has been entrusted with the task of crafting these doors, many of which will be adorned with gold plating, a TOI report stated.

Devang Mehta, Director-Equity Advisory, Centrum Wealth Management, says “we like a host of capital goods stocks, be it Siemens, be it in the bearing space or motion management, something like a Timken India. I am not suggesting any buys, but these are some companies which we track very closely that bring a lot of order activity, right from railways to ports to a lot of such companies doing greenfield and brownfield projects. This looks like an extremely interesting space, be it automation, be it capital goods ancillaries, power ancillaries. This pace, for the next two, three years becomes more structural rather than a short-term cyclical.” The J. Kumar Infrastructure management is quite bullish about the kind of order inflows they are seeing and very confident about beating their guidance as well. Do you have any view on J. Kumar or any other infrastructure name? Devang Mehta: I think, yes, clearly this is one space infrastructure, be it capital goods, be it infrastructure, roadways, ports, railways.