Merit Financial News

With a strike deadline looming, the group representing East and Gulf Coast ports is asking a federal agency to make the Longshoremen’s union come to the bargaining table to negotiate a new contract

Supreme Court on Thursday dismissed a plea filed by the Gujarat government seeking a review of the court's verdict which contained certain observations against the state while quashing the remission granted to 11 men convicted of raping Bilkis Bano and murdering seven of her family members during the 2002 riots. A bench of Justices B V Nagarathna and Ujjal Bhuyan also rejected the application for listing review petition in open court. «Having carefully gone through the Review Petition, the order under challenge and the papers annexed therewith, we are satisfied that there is no error apparent on the face of the record or any merit in the Review Petition, warranting reconsideration of the order impugned. The Review Petition is, accordingly, dismissed,» the bench said. The Gujarat government in its plea had said the apex court's observation in the January 8 judgment, holding the state guilty of «usurpation of power» and "abuse of discretion" for complying with an order of another top court bench, was an «error apparent on the face of the record» primarily on three grounds.

Housing affordability challenges have been dominating Canada’s political discourse and media channels, but it turns out that it’s not all due to soaring home prices and rents, according to a more nuanced picture painted by Statistics Canada.

Subscribe to enjoy similar stories. The claim that "real estate investment never leads to losses" is one that circulates frequently among investors. Many people are convinced that holding on to a property long enough will always result in a profit.

Subscribe to enjoy similar stories. Intel has never been this cheap. That doesn’t make the storied chip maker a great deal.

Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd, says there is a case for some amount of bounce back from the technical point of view itself if I have to put it across. Still, at this point of time while we are talking, given the kind of last quarter's commentary which has come from most of these companies, their growth average is not going to be more than 15% to 20% on a year-over-year basis. One would like to buy PSU stocks, but at a corrected price with the time correction along with it. What is your take on the PSUs, given the bit of a rebound from the lows yesterday? Of course, this sector was at the forefront. Are we likely to see some sort of a synchronized rebound or is it going to be very stock-specific? Deven Choksey: I believe that the PSU companies have mostly given a significant amount of price correction. So, certainly, it was across-the-board in many of the cases where we saw the fall, be it in the capital goods segment, be it in the metal commodity space, be it in the engineering space or for that matter any other areas in which the ship building, defence, etc. Each and every one of them have given significant price corrections.

The cost of a popular ticket that allows people to use all local and regional trains, buses and subway systems across Germany is set to increase by about 18% next year

Noida Toll Bridge Company Limited (NTBCL), the Income Tax Appellate Tribunal (ITAT) has quashed a massive tax demand of approximately ₹21,000 crore. The listed entity, part of the IL&FS Group, operates the Delhi-Noida-Delhi (DND) flyover, a critical infrastructure link between the two cities. The tax demand, spanning nine financial years from 2006 to 2015, included ₹10,893 crore in alleged unpaid taxes and the same amount in penalties. The Income Tax department had accused NTBCL of concealing income and failure to submit accurate income details. The Income Tax department issued an assessment order on December 31, 2008, followed by reassessment proceedings. These proceedings sought to disallow amortization of interest on zero-coupon bonds issued by NTBCL and taxed designated returns as income. Additionally, the department classified land provided by NOIDA/DDA on lease as a subsidy and disallowed depreciation on the DND Toll Bridge.

The U.S. Justice Department is suing the owner and manager of the cargo ship that caused the Baltimore bridge collapse

Assam government has announced the suspension of mobile internet services across the state on Sunday between 10 AM and 1:30 PM. There is a written examination for Class-III government posts. Ajay Tewari Additional Chief Secretary Home & Political Department stated, “Whereas, the Government of Assam through the «State Level Recruitment Commission for Class III Posts» is going to conduct written examination for recruitment to the vacant posts of Class-Ill in different State Government establishments for the eligible candidates;Whereas, Secondary Education Board of Assam (SEBA) on behalf of the «State Level Recruitment Commission for Class-III Posts» has announced the schedule of holding of such written examinations in different examination centres covering 28 districts of Assam on 15th September 2024.” The order stated, “Whereas a whopping 11,23,204 number of candidates are supposed to appear for the public exam in 2305 examination centres spread across the state of Assam on that day, out of which 429 centre are identified as ‘sensitive’ centres due to their geographical location and past history of cheating and other malpractices, Whereas, the Government of Assam desires that the written examination should be held in a free, fair and transparent manner to select the best candidates purely on merit and no malpractices should be allowed during the examination, Whereas, it has been observed on earlier such occasions that some unscrupulous elements resorted to unfair means using different Mobile Applications such as Facebook, WhatsApp, X(Twitter), Telegram and Youtube etc.

eyewear retailer Lenskart bagged the prize for Startup of the Year 2024 surging ahead of competition on the back of strong revenue growth and for crafting a new business model in a primarily unorganised sector. The ten-member jury chose Lenskart, which is currently valued at $ 5 billion, over publicly listed general insurer Go Digit in a keenly contested round where the relative merits of both companies were discussed in detail.

In an open letter to IWG and fellow shareholders, Zack Buckley, managing partner at Buckley Capital Management, said that current efforts to articulate and unlock the investment merits of IWG have «fallen on deaf ears» and therefore «further action needs to be taken to unlock the company's intrinsic value».  Buckley urged the board to «expedite the re-listing of IWG's shares onto a US stock exchange».  The large shareholder also argued the IWG board should embark on a major share buyback programme once IWG achieves its target of 1x net debt/EBITDA. Ashtead weighs switch to US listi...

Supreme Court on Friday dismissed a plea seeking injunction against the BJP and restrain it from using 'kamal' or lotus as the party symbol. Observing that the plea has been filed for publicity, a bench of Justices Vikram Nath and Prasanna B Varale upheld the Madhya Pradesh High Court order which dismissed the suit. «You want name and fame for yourself. Look at the plea, what is the kind of relief claimed by you? Dismissed,» the bench said. The top court was hearing an appeal filed by one Jayant Vipat challenging an order of the Madras High Court which dismissed his plea saying there was no merit in the plea.

teachers and parents to educate children so that they always behave in accordance with women's dignity, President Droupadi Murmu said today in New Delhi while presenting National Awards to teachers on Teachers' Day. The President emphasised that women's respect should be demonstrated not just in words, but also in practice. Her comments come days after she voiced concern about the Kolkata rape case and other incidences of violence against women across the country. President Murmu presented the annual National Teachers' Awards to 82 teachers from various schools, higher education institutes, and the Ministry of Skill Development and Entrepreneurship. Each award includes a certificate of merit, a monetary award of ₹50,000, and a silver medal.

Mumbai: Congress leader Rahul Gandhi on Thursday took on Prime Minister Narendra Modi over his apology after a statue of the warrior king Shivaji at Malvan in Maharashtra's Sindhudurg district collapsed last month. Gandhi, who was in Sangli for a Congress party programme, said the collapse of the statue was an «insult» to the memory of Chhatrapati Shivaji and that the PM should apologise to every person in Maharashtra for the incident.

Nvidia as it deepens its probe into the AI heavyweight's antitrust practices, Bloomberg News reported on Tuesday, citing people familiar with the investigation. The antitrust watchdog had previously delivered questionnaires, and has now sent legally binding requests to Nvidia, the report said, adding that other companies had also received subpoenas. Officials are concerned that the chipmaker is making it harder to switch to other suppliers and penalizes buyers that do not exclusively use its artificial intelligence chips, the report said.

The Economic Survey for 2023-24 questioned the merits of India’s inflation targeting regime, which aims at a headline inflation rate of 4% with a band of 2% on either side. It mused aloud whether a regime that targets inflation, excluding food prices, would be more appropriate in the Indian context, especially given the unintended effect it has on farmers’ terms of trade. Some have opined that it is a settled issue and there is no point in opening it up.

Bihar Chief Minister Nitish Kumar as President of the Janata Dal (United) (JD(U)). The court found no substantial reason to interfere with the election results and deemed the petition to be without merit. This decision upholds Nitish Kumar's position as the party president. The bench of Justice Pushpender Kumar Kaurav in an order passed on August 29, noted that the reliefs sought by the petitioner, fall wholly outside the ambit of the inquiry contemplated under Section 29A of the RP Act. As elucidated in the preceding discussion, the principles established in the case of Sadiq Ali (supra) do not support the reliefs sought in this writ petition.

insurance, is generally seen as easier. "People usually take two attempts to clear the NISM exam, whereas bank employees find it easier to pass the Irdai exam," said a relationship manager (RM) at a large bank, speaking on condition of anonymity. The challenge is compounded by the bank’s internal pressures.

The National Labor Relations Board says Chipotle may have violated federal labor law in its treatment of employees at its only unionized store

Biden-Harris administration has provoked controversy by advocating for diversity, equality, and inclusion (DEI) in federal agencies, such as NASA. According to scientists, limiting funding to DEI standards could compromise US scientific leadership and endanger national security, as per the reports of Fox News.