MET Financial News

India's compliance rating with international leasing laws and kept the country on a watchlist with a negative outlook amid a dispute between local airline Go First and its aircraft lessors. The move by the Aviation Working Group (AWG), a UK-based entity that monitors leasing and financing laws, comes as bankrupt budget carrier Go First is locked in a legal tussle with aircraft lessors seeking to repossess jets. The courtroom battle started after Go First was granted bankruptcy protection in May. Under Indian law, that prevented lessors from recovering 50-plus grounded Airbus planes.

By David Shepardson

BJP MP Ramesh Bidhuri, under flak for using derogatory words against BSP MP Danish Ali in Lok Sabha, met the ruling party president JP Nadda on Monday. Bidhuri met Nadda at the BJP headquarters, days after he was issued a show-cause notice by the party for his remarks. There was no official word on what transpired in the meeting.

A listed company needs to have a minimum public shareholding (MPS) of 25% to ensure sufficient market depth, to avoid market manipulations and to enable meaningful shareholders’ democracy. Let us for instance consider the case of a promoter already holding nearly 75% of shares of a listed company and wants to gain more control over his entity. The promoter may be tempted to set up some entities, preferably abroad, have some step-down entities under them, preferably strewn across tax havens, and then buy some shares of the company from the market in the guise of foreign portfolio investors (FPIs) who can be categorized as public. The term ‘FPI’ encompasses a wide range of Sebi-registered foreign investors—right from foreign governments to regulated entities like foreign banks, insurance companies to endowments and foundations to unregulated funds, subject to conditions.

The Food and Drug Administration meets this week to consider a much-debated treatment for Lou Gehrig’s disease

Nazi soldier in Canada's parliament as "disgusting", the Ambassador of India to Russia, Denis Alipov has said that apologies for ignorance are absolutely ridiculous. The envoy, infact called Canada a «safe haven» for the Ukrainian Nazis in his post on social media platform X. Alipov said, «Canada has been and remains a safe heaven for Ukrainian Nazis and not only them. Apologies for ignorance are ridiculous while standing ovation tells it all.» «Thank God Zelensky's grandfather does not see what his grandchild has become.

Kulhad Pizza" sensation, Sehaj Arora and Gurpreet Kaur have reached out to the public for support amid a viral video controversy. The influencer couple's appeal came after a video of explicit content, allegedly that of the couple, went viral on social media. The couple, already parents to a newborn, has firmly asserted that the video, which has caused a storm on social media, is a manipulated and deceitful creation, part of an extortion scheme they chose not to yield to. Sehaj Arora took to his official Instagram account to address the issue, stating, «You may have encountered a video featuring us, which is entirely fabricated. The video circulated due to an incident that occurred 15 days ago when we received an extortion threat on Instagram, along with the video in question.» In the face of threats from the wrongdoer, who aimed to make the video go viral unless their demands were met, the couple decided to stand firm and reported the incident to the police.

Sharad Pawar's meeting with Gautam Adin Ahmedabad, NCP MLA Jayant Patil said that there is no need to mix up two different things. «There is no need for objection to it, it was just one project where Sharad Pawar went and inaugurated it. Sharad Pawar has always supported the decisions taken in meetings of the INDIA alliance and there is no need to mix two things,» said Patil. Patil said there should be no controversy over it as keeping the invitation of Gautam Adani and the INDIA bloc are two separate things.

Canada's Leader of Opposition Pierre Poilievre criticised Canadian Prime Minister Justin Trudeau for meeting and honouring a veteran of the 14th Waffen Grenadier Division of the SS (a Nazi division). He demanded an apology from Trudeau over the matter. Taking to X, formerly known as Twitter, Poilievre said Liberals arranged for Nazi veteran to be recognized on the floor of the House of Commons during Ukrainian President Volodymyr Zelenskyy's visit to Canada this week.

Vedanta Resources' (VRL) bond restructuring plan has met with some resistance from investors seeking better terms. The proposed plan suggests making a 50% upfront payment for the $1 billion January 2024 bond, a 15% payment for the August 2024 bond, and a 10% upfront payment for the March 2025 bonds, with the remaining amounts to be restructured. However, VRL needs the approval of at least two-thirds of the bondholders for this plan to proceed. Initial feedback from investors in Singapore and Hong Kong reveals discomfort with the proposed restructuring, raising the possibility of opposition from a group of bond investors, two bondholder sources said. «A group of bondholders could oppose the proposed restructuring, setting the stage for a potential showdown,» a source said.

KRIBHCO) is investing around Rs 1,100 crore to set up three ethanol manufacturing plants using maize and broken rice as feedstock. These three plants are being set up in Gujarat, Telangana and Andhra Pradesh with a capacity of 250 kilo litre per day. «We are setting up three bio ethanol plants as part of our diversification plan,» KRIBHCO's Chairman Chandra Pal Singh said. Rajan Chowdhry, Managing Director, KRIBHCO, said these plants are expected to be operational by end of the next year. «We are investing around Rs 1,100 crore on setting up these three plants.

Congress government in Karnataka on a back foot. The Supreme Court on Thursday refused to interfere in the order issued by the Cauvery Water Management Authority (CWMA), the body which handles the water dispute among the two states, to release 5,000 cusecs of Cauvery water to Tamil Nadu till September 26. This led to protests by farmers in different parts of the state. On Saturday, farmers in Mandya had called for a bandh which was supported by both the BJP and JDS.

Morning Show's Season 3 has taken us on a wild ride with Cory Ellison, played by the talented Billy Crudup. This beloved character, who started as the resident good guy, has hit a significant turning point, leading us to question whether this could be the beginning of the end for him.

The I2U2 - Israel, India, UAE, and the United States - announced a new initiative on space cooperation this month on the sidelines of the UN General Assembly session in New York. The four-nation grouping, termed the “West Asia Quad" by some, has attracted attention in recent years. Mint looks at what I2U2 is.

Pope Francis’ views on Russia and its invasion of Ukraine are alienating many Catholics in Central and Eastern Europe, who believe that the pontiff is understating Russia’s historic expansionism in the region and the threat it poses today. The pope’s recent praise of the 18th-century Russian empire that subjugated Ukraine stirred outrage well beyond Ukraine itself.

Also Read: India-Canada row: India's 4 counter attack over alleged involvement in Khalistani terrorist Nijjar's killing Hardeep Singh Nijjar provided Mandeep Singh with arms training along with three other Sikh youths in Mission Hill, B.C., Canada, in December 2015. This training involved the use of AK-47 and sniper rifles, with the intent to carry out terrorist activities in India. Nijjar, in particular, motivated Mandeep Singh to carry out attacks in India and even provided financial support for his mission.

General Motors, Stellantis and Ford is spreading with 13,000 workers walking out of three assembly plants. The automobile workers went on an indefinite strike after the union's contract with the companies came to an end at midnight on September 14. Workers at dozens of factories across 20 states joined the strike. The negotiations continued on Thursday, but it did not make any progress.

Xi Jinping on Saturday vowed to help Nepal transform itself from a landlocked country to a land-linked nation by facilitating infrastructure connectivity and transit transportation cooperation as he met Prime Minister Pushpa Kamal Dahal 'Prachanda' here. Xi met Prachanda on the sidelines of the Hangzhou Asian Games here in eastern China. Prachanda, who politically distanced from the pro-China Communist Party of Nepal (Unified Marxist-Leninist) headed by KP Oli after becoming Prime Minister in December last year made his maiden visit to China after visiting India and the US. In his meeting with Prachanda, Xi who made a high-profile visit to Nepal in 2019 and announced several high-profile projects said the two countries sharing borders through Tibet made progress with the 'Trans-Himalayan Multi-Dimensional Connectivity Network' and other 'Belt and Road' projects that have «taken shape». He urged efforts from both sides to promote infrastructure connectivity and expand transit transportation cooperation to help Nepal transform itself from a landlocked country to a land-linked country at an early date, state-run Xinhua news agency quoted him as saying. The trans-Himalayan connectivity projects include road and rail connectivity being laid through the rugged Himalayan mountains connecting Nepal with Tibet. As a landlocked country, much of its imports go through India.

Ireland's weather forecast is set for some significant changes, with Met Éireann issuing several Status Yellow rain warnings. These warnings are crucial for residents in affected areas to be aware of, as heavy rain and potential travel disruptions are expected.

Nirmala Sitharaman on Saturday met the G20 Independent Expert Group on strengthening of Multilateral Development Banks (MDBs). The G20 Independent Expert Group (IEG) is co-convened by former American treasury secretary Lawrence Summers and ex-chairman of the 15th Finance Commission N K Singh. The IEG set up by G20 India Presidency has focused on strengthening MDBs and delivered Volume 1 of its report which was acknowledged by G20 leaders in New Delhi Leaders Declaration earlier this month. «The #G20IEG members are currently in India working on Volume 2 of their report to be discussed in #G20 meetings scheduled to be held under the Indian Presidency in #Marrakech on sidelines of @IMFNews @WorldBank #AnnualMeetings,» the finance ministry said in a post on X. The fourth and final Finance Ministers and Central Bank Governors (FMCBG) Meeting under India's G20 Presidency is taking place next month in Morocco. MDBs need to provide an additional USD 260 billion annually to fund sustainable infrastructure and help nations achieve SDG targets, the group said in its Vol 1 report. Additional spending of some USD 3 trillion per year is needed by 2030, of which USD 1.8 trillion represents additional investments in climate action, mostly in sustainable infrastructure, and USD 1.2 trillion in additional spending to attain other sustainable development goals (SDGs), it said. The major MDBs are World Bank, International Finance Corporation (IFC), Asian Development Bank, Asian Infrastructure Investment Bank (AIIB), Inter-American Development Bank (IDB) and African Development Bank (AfDB).

death of actor Mark Blanco, who plunged to his demise from a London balcony during a heated dispute with Pete Doherty, the frontman of the Libertines. An FBI expert now asserts that Blanco was likely not a victim of a mere accident but rather might have been «thrown.»