Merit Financial News

It has been a rough summer for investors, with markets pushing losses for the last few months. It's not all doom and gloom, with markets more range-bound than permanently damaged.

Binance CEO Changpeng "CZ" Zhao has responded to allegations the US Securities and Exchange Commission (SEC) raised regarding Binance.US's association with wallet provider Ceffu.

Dhanlaxmi Bank was planning a dramatic exit from the board of the Kerala-based lender, another story was unfolding. The bank's largest shareholder had initiated a special resolution to remove the same director from the board a few days before he raised strong accusations against other directors in a letter addressed to the board, which was filed with stock exchanges. In his letter addressed to the board, the largest shareholder, B Ravindran Pillai, proposed «removal of Mr Sridhar Kalyanasundaram from the board of directors», said two people aware of the development at the bank. Pillai proposed a special resolution at the annual general meeting scheduled on September 30 to remove Kalyanasundaram. Pillai holds a 9.99% stake in the old-generation private bank. The bank's managing director and CEO JK Shivan declined to comment on the matter.

Speaker Kevin McCarthy is trying to accomplish what at times seems impossible

Morgan Stanley was sued for at least $750 million by private equity firms that claim they were defrauded in a deal to invest in a credit agreement for a luxury high-speed rail line.

PTI. Additional Solicitor General SV Raju agreed to his submission. Singhvi, appearing for Sisodia also alleged that whenever this case or Satyendar Jain's case comes up, there is a newspaper article on the merits of the case.

Me Party' is gloriously simple: a night devoted entirely to yourself, whether it be through indulgences, languid relaxation or even 'moderate excess'. It offers a respite from the daily grind, allowing individuals to recharge and rejuvenate and reignite that passion with one's closest person: oneself. During a 'Me Party', you can unwind in a variety of ways, from curling up with a good book to indulging in a feast from a favourite restaurant, putting on music with the right accompaniment in your glass an arm-length away, or settling down with patted down cushions to start a long night of heavy OTT show/movie binge-watching. It's also when you disconnect from your harem of work gadgets and prioritise alone-time fun.

PwC Australia aims to end a “jobs for the boys” culture among its leaders and has headhunters searching for its first-ever independent board members before the release of a report into the governance-related failures that led to the firm’s tax leaks scandal.

OfBusiness was voted as The Economic Times Startup of the Year 2023 surging ahead of competition on the back of strong revenue backed by handsome profits. The eight-year-old venture was feted for its value proposition and focus on SMEs, which are regarded as the backbone of India’s fast-growing economy. The eleven-member jury chose the B2B venture, which is currently valued at about nearly $5 billion, over eyewear retailer Lenskart in a closely fought contest that included detailed discussions on the relative merits of both companies.

«See, the cautiousness is about the economic recovery or the growth which I also mentioned that we are very confident about that,» says Vinit Sambre, DSP Mutual Fund.There is a Goldman Sachs report yesterday which talks about cash levels with mutual funds on an average of between 4 to 5%. And that is slightly higher than historical averages. So can I safely say that even if markets they correct, then is enough and more cushioned which will come from domestic investors A, cash levels are high, B, SIPs are strong?Yes, so that is what I was saying that the small falls will be actually bought into because there is a lot of optimism.

CUET. UGC, in a counter affidavit filed in the matter, sought dismissal of the petition and said the DU, with the approval of its Academic Council and Executive Council, has resolved to admit students to its integrated law course through Common Law Admission Test (CLAT), a centralised national-level entrance test primarily adopted by the premier National Law Universities. Similarly, the central government, which has earlier also stated that Common University Entrance Test (CUET) was not mandatory for central universities, said admission standards for professional courses like engineering, medicine, law etc are shaped by their specialised nature and specific skill and so are needed to be guided by the distinct prerequisites of each course. «While there are overarching policy guidelines, universities retain the flexibility through their Competent Bodies i.e.

Punjab Chief Minister Bhagwant Mann on Tuesday said the government has given 36,097 government jobs to youth in the first 18 months of its tenure, setting a record by ensuring that nearly 2,000 youth join government service every month. Addressing a function to hand over the recruitment letter to 249 youth for 191 posts in the Local Government Department, 25 in the Animal Husbandry, 24 in the Cooperation and nine in the Technical Education Department here, the Chief Minister said the youth should feel proud as they are becoming a team of the government that is working untiringly for carving out a new Punjab. He said the government has been conducting this recruitment drive completely on merit and jobs are being given only to deserving and needy candidates. Mann said neither any recommendation nor any other tantrum, except merit, is working in this recruitment drive. The Chief Minister said this venue has witnessed a number of such events in which youth have got jobs in various government departments. He said this reflects the commitment of the government to ensure the well-being of the youth and opening new avenues of employment for them. Mann said it is a matter of pride and satisfaction for him that the youth have been selected for these posts purely on merit. The Chief Minister said the government has provided more than 36,097 jobs in various departments.

Supreme Court has dismissed a PIL seeking cancellation of Centre's decision of September 15, 2021 to grant relief to the stressed telecom sector from paying statutory dues, saying these are all matters of policy and decision-making is on the basis of experts' opinion. In a breather to telecom service providers struggling to pay Rs 93,520 crore of Adjusted Gross Revenue (AGR) related dues, the top court on September 1, 2020 gave them a 10-year period to clear their outstanding amount to the government. A bench of Justices B V Nagarathna and Ujjal Bhuyan said that no doubt, the apex court by its judgment had issued certain directions with regard to the telecom sector but in the backdrop of the COVID-19 challenges, with huge surge in data consumption, online education, work from home, etc., reform measures were found necessary to boost the proliferation and penetration of broadband and telecom connectivity. «In our view, these are all matters of policy and decision-making which is on the basis of experts' opinion and on emerging situations and exigencies, to be made in the interest of the welfare of the people of India having serious technical and financial implications and, therefore, have to be in public interest. »Hence, we do not think such Cabinet decisions could be lightly interfered with by a Court of law in the absence of there being any particulars or materials brought to the notice of the Court assailing the Cabinet decisions, as being unconstitutional or arbitrary in nature or contrary to law," the bench said.

When Jeff Quartermaine kicks off his investor roadshow in Sydney this week, don’t be surprised if the Perseus Mining boss spends a fair bit of time talking about rival gold miners Northern Star and Evolution Mining.

Allahabad High Court has firmly asserted the rights of consenting adults, stating that even parents have no authority to interfere with their decision to marry or live together. This landmark decision, delivered on September 5, came in response to a petition filed by an inter-faith couple and carried profound implications for personal freedom and choice. The court's order was clear and unambiguous: no one, including parents, can disrupt the peaceful coexistence of two consenting adults.

FIR against former Air India pilot Arvind Kathpalia for the alleged offences of violating aircraft rules, including evading a breath analyser test, and forgery, saying the allegations against him are wholly insufficient to make out a case against him.

The Financial Industry Regulatory Authority Inc. is confronting a potential existential challenge in a federal appeals court in Washington, D.C.

Billionaire Mukesh Ambani's Reliance Industries has begun exploring a foray into semiconductor manufacturing, a move that could address its supply chain needs and cater to growing chip demand in India, two people familiar with its strategy said. The telecoms-to-energy conglomerate, encouraged by the Indian government, has held early-stage talks with foreign chipmakers that have the potential to become technology partners, said one of the people who has direct knowledge of the plans. "There is intent, there is no timeline," said the person, adding that Reliance has "yet to make a call on whether they want to ultimately invest." The names of the foreign chipmakers could not be immediately learned.

NEW DELHI : New Zealand firms are interested in exploring limited trade arrangements with India to expand cooperation in agriculture, dairy and horticulture, among others sectors, said representatives of Kiwi trade groups during a recent visit to Delhi. Bilateral talks on a free trade agreement stalled in 2015. “We have come up with a large delegation here (to Delhi) and it’s really around building partnerships," New Zealand trade and agriculture minister Damien O’Connor said during a visit to India in August.

A federal judge in New York City has ruled that evidence shows a company whose after-market triggers can make semiautomatic AR-15-style rifles fire like automatic weapons fraudulently misled consumers that the devices were legal

Three fundamental facts define our current political era: We are deeply divided along partisan lines and are closely divided at the national level, but at the state and congressional levels, jurisdictions increasingly give supermajorities to one party. This environment produces presidential elections with narrow national popular-vote margins decided by a small share of the electorate in a dwindling number of swing states. Based on the evidence thus far, 2024 isn’t likely to break this pattern, which has increasingly defined U.S.