Mobile Financial News

One of the world's largest oil and gas exploration, production and marketing companies, Petroleo Brasileiro Petrobras (NYSE:PBR) released its Q3'23 earnings last Thursday, November 9. Although the figures were slightly disappointing on a first impression, with a big drop in profit, InvestingPro still sees an interesting future for the Brazilian giant.

Meitei extremist organisations which have been declared 'unlawful associations' are: > Peoples’ Liberation Army (PLA) and its political wing, the Revolutionary Peoples’ Front (RPF) > United National Liberation Front (UNLF) and its armed wing, the Manipur Peoples’ Army (MPA) > Peoples’ Revolutionary Party of Kangleipak (PREPAK) and its armed wing, the ‘Red Army’, > Kangleipak Communist Party (KCP) and its armed wing, also called the ‘Red Army’ > Kanglei Yaol Kanba Lup (KYKL) > Coordination Committee (CorCom) > Alliance for Socialist Unity Kangleipak (ASUK) All factions, wings and front organisations related to these organisations were declared "unlawful associations", the notification issued by the MHA stated on Monday. The decision to ban Meitei extremist organisations was taken to curb their “secessionist, subversive, terrorist and violent activities", the notification read.

The first version of the App has been developed and commercialised through OptRoute Logistics, an IIT Madras-incubated start-up co-founded by NS Narayanaswamy, professor at Department of Computer Science and Engineering, IIT Madras and Anuj Fulia, an IIT Madras alumnus.

Volvo EM90 marks Volvo Car's inaugural foray into fully electric luxury MPVs. With dimensions measuring 5,206 mm in length, 2024 mm in width, and 1,859 mm in height, and a wheelbase of 3,205 mm, it accommodates six passengers across three rows of seats. Distinguishing itself, the EM90 introduces sliding doors for the rear seats, a first for Volvo cars.

Mihir Vora, CIO, Trust Mutual Fund, says “there have been times where I have been ruthless in selling when the markets turned. Probably I did not catch the top. But even 10% below or 15% below, I do not mind selling. Once I believe that the trend has turned. So, that discipline I always had because I always believe there is no point looking back. So, just because a stock was 15-20% higher 5 days ago, does not mean you cannot sell it now.” Other than the new role and a new leadership position that you have taken up, what else is new? It is a new beginning for me. I am starting a new venture or job whatever you call it and it is very exciting looking forward to the next many years in this. Second, we do not realise but from the stock market point of view, we are in the middle of a dream run.

Didi Global on Monday reported a third-quarter profit as domestic demand for mobility services improved, and also announced share repurchases worth up to $1 billion over the next two years. Didi Global reported net income attributable to shareholders of 107 million yuan ($14.66 million) in the three months ending September 30, compared with a loss of 2.01 billion yuan a year ago.

dealer groups, representing FMCG, automobile and mobile phone sectors, have come together to seek laws to protect the interests of «nearly 30 million dealers and distributors» who are forced to operate under «one-sided terms and conditions». «We are concerned that companies operate without written agreements or impose one-sided agreements that solely benefit them,» Dhairyashil Patil, national president of All India Consumer Products Distributors Federation (AICPDF), said. «Distributors and dealers invest crores to set up their network, and there have been examples when companies suddenly decide to terminate their association, leaving distributors to bear the brunt of the losses,» he said, speaking for auto and mobile phone sectors as well. There are no existing laws to compensate distributors and dealers in such cases.

By Ernest Scheyder

Manipur government has taken several initiatives to mitigate the hardships faced by displaced students because of the violent conflict that started in the first week of May. Benefits extended by the State Government included a Nodal Officer for each relief camp designated from June 2023 onwards to look after all needs of the students in relief camps. More than 98% of displaced students have been re-admitted to nearby feasible schools. Attendance in schools is continuously being monitored through a control room set up at the Directorate of Education-S, Manipur.

Investing.com — Here is your Pro Recap of the biggest insider trades and institutional investor headlines you may have missed this week: Elliott takes a stake in Biomarin Pharmaceutical, Vincent McMahon to sell 8.4 million TKO shares, and top brass buys at Exxon Mobil , Amphenol, Air Products and Chemicals, and Sarepta Therapeutics.

Electric Vehicle policy 2023-28, which aims to create one lakh jobs and attract an investment of Rs 50,000 crore in Karnataka. Speaking at an ideation meeting with representatives of the EV sector, industries minister MB Patil said that the government would develop model EV cities across the state in Kalaburagi, Belagavi, Hubballi-Dharwad, and Mysuru to promote EV adoption. “This proposed policy aims to transform Karnataka into a pioneering force in the field of electric mobility, embracing sustainable practices and equitable growth while fostering innovation and creating a robust ecosystem for EVs,” he said. The government, he added, was also in touch with the centre’s National Highway Authority of India (NHAI) to set up electric vehicle charging stations on either side of the highway at ten major toll booths along the national highway between Bengaluru and Pune.

Sourav Kumar (28), was arrested in Nalanda, Bihar, according to a Times of India report. The gang had set up multiple fake websites and also sold data to other cyber criminals. The investigation revealed that Sourav Kumar, the mastermind, would create counterfeit websites of well-known courier companies and promote them as sponsored advertisements in search engines.

electric SUV was completely concealed with black tape, preventing the disclosure of its contours and body lines. Additionally, the glass area of the rear tail lamps was omitted to conceal the design of the tail lamp. However, in a brief video, a partial glimpse of the front headlamp design is discernible.

Defense Secretary, Lloyd Austin, announced on Friday that India and the US are set to collaborate on co-producing infantry combat vehicles, marking a crucial step in their defense industrial cooperation. This announcement comes in the backdrop of both nations intensifying their strategic ties in response to China's growing military assertiveness. During the '2+2' ministerial dialogue, Austin highlighted ongoing efforts to expedite the delivery of MQ-9B drones to India from the US.

Gold sales on Dhanteras surged to a record on Friday amid a revival in growth across consumer products such as smartphones, televisions, home appliances and apparel, as well as restaurants, after more than a year during the ongoing festive season. Demand for gold in the country increased about 7.7% by volume to an estimated 42 tonnes and 10% by value to ₹22,000 crore, according to the India Bullion and Jewellers Association (IBJA).

Investing.com — It’s not everyday that you get to read a Phil Flynn note that’s virtually bearish on oil. But to hear one of the market’s loudest oil bulls admit that people have been fleeing the long crude game like rats abandoning a sinking ship should be a wake-up call to those who kept drumming for a return to $100 pricing in recent weeks.

SAIC-GM, a joint venture between SAIC Motor and General Motors (NYSE:GM), announced its plans to join forces with Tesla (NASDAQ:TSLA) for access to the EV automaker’s Supercharger Network by the close of 2023.

Bank of India (RBI) will deduct the amount from their accounts and pay it towards the payment security mechanism (PSM). “Only those states which agree to DDM will be able to participate in PSM. Some states have given consent, J&K, Chandigarh, Haryana, Punjab, Delhi.

This is an increase of 55% over Rs 657 crores posted in net profit during the same period last year. Revenues from operations stood at Rs 4,115 crores in the quarter under review, up 17% as compared to Rs 3,519 crores in the corresponding quarter of FY23. EBITDA (Earnings before interest, tax, depreciation and amortisation) stood at Rs 1,087 crores, up 32% compared to Rs.

Employees’ Provident Fund Organisation (EPFO) has initiated the process of crediting interest to provident fund (PF) accounts for the financial year 2022-23, offering an interest rate of 8.15 percent. This marks the highest interest rate on PF accounts in more than four decades. The interest rate set by the EPFO for the financial year 2022-23 represents a notable uptick from the 7.59 percent interest rate provided in the preceding financial year.

digital advertisement policy that will enable websites with a minimum of 2.5 lakh unique users per month and other digital platforms such as OTT and podcasts to get empanelled for publicity campaigns. The policy, unveiled by the Ministry of Information and Broadcasting, will enable and empower the Central Bureau of Communication (CBC) to undertake campaigns in the digital media space.