MET Financial News

Goldman Sachs is preparing to offer wealthy clients more access to a unique investment: the chance to own a piece of a private sports team. The bank is creating a “sports franchise" unit within its investment banking division that will combine sports M&A with sports financing. A top goal is to work with asset and wealth management to pitch wealthy clients on investing in teams, stadiums and other flashy deals.

Union Power Minister R K Singh on Friday said that India may add 25 GW to 30 GW thermal electricity generation capacity in addition to 50 GW already under works to meet the rising demand.

As the U.S. and Russia vie for greater influence in Africa, Moscow is seeking access for its warships to a Mediterranean port in Libya that could expand its naval footprint in the North Atlantic Treaty Organization’s backyard. Senior Russian officials, including Deputy Defense Minister Yunus-Bek Yevkurov, met with Libyan warlord Khalifa Haftar in recent weeks to discuss long-term docking rights in areas he controls in the war-torn country’s east, according to Libyan officials and advisers.

border crossing reopened on Friday after being closed for nine days following firing between guards on both sides, a senior Pakistani official told Reuters. Thousands of travellers and hundreds of trucks laden with goods were left stranded last week by the closure the Torkham border crossing, at the western end of the fabled Khyber Pass. «It's opened for pedestrian and vehicular traffic,» Abdul Nasir Khan, Deputy Commissioner of Pakistan's Khyber district, told Reuters. A security official in Torkham said talks between the two sides had resolved the issue that sparked the clashes.

Ind vs Ban Live Updates: In a highly anticipated Asia Cup Super 4 match, India faces Bangladesh today, with the result having no bearing on tournament standings. Despite historical Indian dominance, Bangladesh's recent victories have fueled the rivalry, notably in the 2007 World Cup and 2012 Asia Cup. While Bangladesh seeks to further prove itself, India may rest key players with their final spot secured.

A post shared by Mamata Banerjee (@mamataofficial) In another video, the 68 year-old TMC supremo was also seen playing the accordion which she captioned, “Music is forever; music should grow and mature with you, following you right on up until you die."A post shared by Mamata Banerjee (@mamataofficial) She also met Former Indian cricket team captain Sourav Ganguly. A photograph of Ganguly sitting to Banerjee in Spain’s Madrid was shared by the All India Trinamool Congress (AITC) on social media 'X'. The TMC also updated that the West Bengal government and Liga Nacional de Fútbol Profesional (LALIGA) have entered a Memorandum of Understanding to elevate the game through mutual collaborations between India and Spain.

Annamaya district on Friday morning, police said. Seven of the injured persons were said to be in serious condition, police informed further, adding that among the deceased were two men and three Women. «A total of five people perished in the accident. Of the injured persons, seven are said to be in serious condition.

Regional health officials in France say a 32-year-old woman is dead and a dozen people have been hospitalized after an apparent botulism outbreak

Arm Holdings may have to wait at least a day before the stock becomes available for shorting, analysts said. Shares in SoftBank's Arm Holdings opened 18% above their offer price in their Nasdaq debut on Thursday, valuing the British chip designer at nearly $60 billion in its return to the public markets after seven years. Short sellers who aim to sell borrowed shares to buy them back at a profit, however, may have to bide their time since the newly-minted shares might not be available to borrow for shorting just yet. Investors can begin selling the shares short as soon as their broker has reasonable grounds to believe that the security can be borrowed — in market parlance, be able to «locate» the shares, said Ihor Dusaniwsky, managing director of predictive analytics at S3 Partners. Prime brokers or brokers usually will at least wait until a day after the IPO to give a 'locate' on the shares, to get an idea on how much stock lands in lendable or marginable accounts, Dusaniwsky said. Investors looking to trade in ARM options, another avenue to place bets on the future price of the shares, may have to wait till next week as certain regulatory requirements on trading thresholds have to be met before options exchanges can list contracts on the newly-listed shares. «I have every reason to believe that when ARM options are listed they will be very popular,» said Steve Sosnick, chief strategist at Interactive Brokers. Arm shares were last up 15.80% at $59.06.

Rain updates: The Indian Meteorological Department has issue a yellow alert for heavy rains in several Maharashtra districts today i.e. on 15 September. As per IMD, yellow alert has been issued in Thane, Raigad, Ratnagiri, Sindhudurg, Pune, Dhule, Nandurbar, Jalgaon, Ahmednagar, Kolhapur, Satara, Aurangabad, Jalna, Parbani, Akola, Amravati, Nagpur among other districts.

Russia have agreed to train Indian seafarers in the polar and Arctic waters. The decision was arrived at during talks to widen maritime cooperation in the Russian Pacific port city of Vladivostok on Wednesday. The talks also focussed on the use of new transport corridors such as the Northern Sea Route via the Arctic (Vladivostok-Chennai route). Discussions on India-Russia maritime cooperation gained momentum when ports, shipping and waterways minister Sarbananda Sonowal met Russian minister for development of the Far East and Arctic A O Chekunkov in Vladivostok on Wednesday.

Hollywood's writers strike are set to resume next week, studios said on Thursday. The Alliance of Motion Picture and Television Producers, which represents the industry's studios, streaming services and production companies in union negotiations, said in a statement that they had reached out to the Writers Guild of America on Wednesday and the two sides agreed to resume negotiations next week. Leaders are still working out the details, the statement said, and no further specifics were provided. «Every member company of the AMPTP is committed and eager to reach a fair deal, and to working together with the WGA to end the strike,» the statement said. There are no talks yet planned to settle the actors strike. Writers have been on strike for 4 1/2 months over issues including pay, job security and regulating the use of artificial intelligence. A previous attempt to restart talks fell flat.

Kim Jong Un visited an aeronautics factory Friday on his tour of Russia's far east following his summit with President Vladimir Putin. Two days after meeting Putin at a spaceport, amid speculation they would agree an arms deal, Kim's bullet-proof train arrived in Komsomolsk-on-Amur, Russian news agencies reported. Kim is in the city, an important Russian industrial centre, to visit an aviation firm producing military and civil equipment. The RIA Novosti news agency published footage of Kim's train arriving in the city, with the red carpet rolled out to greet him. He was met with flowers, music, a dance group and ceremonial loaves of bread, the Interfax agency said. Kim, who seldom leaves his country, held talks with Putin at the Vostochny cosmodrome on Wednesday. Putin said on television Wednesday that Kim «will visit factories where civilian and combat aviation equipment is produced» in Komsomolsk-on-Amur. His visit to Russia's far east comes as US officials and experts have said Moscow is interested in buying North Korean ammunition to use in the conflict in Ukraine — an arms deal that would defy global sanctions. Kim's visit will last a few more days, Kremlin spokesman Dmitry Peskov announced on Thursday, without giving further details.

monsoon in September for key agricultural regions has raised hopes that food inflation may ease, with higher precipitation helping the two major kharif crops, rice and soya bean, that have seen an increase in the area sown. A sharply deficient August created moisture stress, raising concerns of a decline in output. The paddy sowing area increased 2.7% on-year to 40.3 million hectares as of September 8, according to government data, while soya bean acreage has risen 1.3% to 12.54 million hectares. «The rice-producing northern states of Punjab and Haryana have met their water requirement through irrigation. But the eastern states, which produce the bulk of the rice, have received good rainfall in September, helping in rice transplantation, which was a major worry for farmers,» said Amaresh Kumar Nayek, director of ICAR National Rice Research Institute. Slowing food inflation could give the central bank more room to ease its monetary policy for bolstering economic expansion, according to experts. Bihar, Chhattisgarh, Jharkhand, West Bengal and Uttar Pradesh have reported higher paddy sowing. «If this momentum in rainfall continues for another few days, we do not see much difference in crop size compared with last year,» said Nayek. Similarly, September rains have helped the growth of soyabean pods, from which oil is extracted, said DN Pathak, executive director of the Soybean Processors Association.

Donald Glover's Disney+ Lando series is now becoming a movie for Lucasfilm, confirmed by The Hollywood Reporter.Stephen Glover, Donald's brother, was collaborating on the project until the writers and actors went on strike in May. During an appearance on the Pablo Torre Finds Out podcast, he disclosed the decision to turn it into a film. Currently, the project is on hold due to the ongoing strike.Donald Glover portrayed Lando Calrissian in 2018's 'Solo: A Star Wars Story,' which didn't fare well at the box office. However, Glover received praise for his portrayal, leading to the announcement of the series by Disney in December 2020. Initially, Justin Simien (known for 'Haunted Mansion') was set to develop the series but exited, with Donald and Stephen Glover taking over the writing duties, leading to the transition into a feature film. Billy Dee Williams originally portrayed the charismatic space smuggler Lando in 'The Empire Strikes Back' (1980) and 'Return of the Jedi' (1983). He returned to the role in the movie 'Star Wars: The Rise of Skywalker' (2019). Donald Glover and Williams met before filming 'Solo.'

Vladimir Putin and Kim Jung Un gifted each other rifles when they met in Far Eastern Russia, the Kremlin said on Thursday, confirming the isolated Russian leader will visit North Korea as Moscow woos another pariah state. The Russian president, who has sought to strengthen alliances with other hardline leaders ostracised by the West, met with Kim on Wednesday amid speculation they would agree on an arms deal. Russia is eager for ammunition to continue fighting in Ukraine, while North Korea wants Moscow's help to develop its missile programme. Putin «gave (Kim) a rifle from our production of the highest quality. In return, he also received a North Korean-made rifle,» Kremlin spokesman Dmitry Peskov said. Putin also gifted the North Korean leader a «glove from a space suit that has been to space several times.» Kim, who seldom leaves his country, held talks with Putin at the Vostochny cosmodrome.

Maratha leader Manoj Jarange Patil finally ended on Thursday after CM Eknath Shinde personally met the Maratha leader and gave him an assurance that the Maratha community in the state would soon get reservation benefits. «We want the Maratha community to get reservations; we are committed to giving it to the community, without it impacting any other community's reservation benefits.»said Shinde at Antarwali village in Jalna where he had gone to meet Jarange Patil. The Maratha leader had wanted a personal assurance from the Shinde and the two Deputy CMs Devendra Fadnavis and Ajit Pawar as a pre condition for ending his indefinite fast.

NEW DELHI : The department of food and public distribution will seek an exemption for sugar from mandatory 20% jute bag packaging starting next month. Sugar millers and factory owners wrote to the textile secretary last month, saying though jute bags were good for packaging grains, they were not ideal for sugar. Jute bags, being porous do not protect sugar from moisture, a senior government official aware of the matter said.The relaxation will also be sought on the grounds of the costs involved and operational challenges.

MUMBAI : The Securities and Exchange Board of India (Sebi) on Wednesday directed Brickwork Ratings to broadbase its board, three months after the appellate tribunal quashed its order to cancel the credit rating agency’s licence. Ashwani Bhatia, whole-time member of Sebi held that Brickwork will have to onboard new board members to broadbase its board so that there are nine members. The regulator said the new inducted members to the board should either be independent directors or non-executive directors not related or connected to the founding management of Brickwork Ratings.

Vedanta Resources financial policy regarding debt transactions may result in a potential downgrade of its current 'B-' rating to 'CCC' or 'CC,' as detailed in their credit FAQ addressing the implications of a liability management exercise for Vedanta Resources' credit rating. This rating action will happen if Vedanta tries a debt deal without enough compensation or buys back debt at a lower price than its face value in secondary markets. If Vedanta goes through with such a deal, S&P would probably lower Vedanta's rating to 'SD' and the bond ratings affected by this would drop to ‘D'.

Enforcement Directorate summoned Bharat Rashtra Samithi (BRS) MLC K Kavitha in connection to the Delhi Excise policy case, K Kavitha has said that it is clearly a politically motivated summon and we will take legal recourse. BRS MLC K Kavitha while addressing the conference said, «From the beginning I have been saying the same thing, it is clearly a politically motivated summon. We will take legal recourse.