NOT Financial News

Bombay High Court judge Justice Rohit Deo resigned in an open court on Friday. The judge cited personal reasons for his resignation. At the high court in Nagpur, Justice Deo also said that he could not compromise on self-respect, PTI reported.

The BJP’s threats came a day after Chief Minister Siddaramaiah issued a detailed statement insisting that the funds allocated under the SCP/TSP heads for the five guarantee programmes will be used exclusively for the community members. The government has allocated Rs 11, 144 crore, dipping into the SCP/TSP budget head for the five programmes, exercising its powers under section 7D of the “SC Sub-allocation & Tribal Sub-Allocation Act, 2013, which allows such diversion. According to a note from the CM’s office, the government has allocated Rs 5075 crore for Gruha Lakshmi, Rs 2779 crore for Anna Bhagya, Rs 2410 crore for Gruha Jyothi, Rs 812 crore for Shakti and Rs 67.50 crore for Yuvanidhi programmes from the SCP/TSP funds. The guarantee schemes, on which the Congress rode to power in Karnataka, have come under intense attack from Prime Minister Narendra Modi, who said in Pune on Tuesday that they are eating away funds otherwise spent on development programmes. After participating in a protest organised by the State BJP SC Morcha against what it called diversion of funds meant for SC/ST welfare for the Congress schemes, Bommai accused the CM and his team of ministers of initiating such diversion without informing the SC/ST community members. A group of BJP MPs led by State BJP President Nalinkumar Kateel also held a protest at Sansad Bhavan in Delhi.

Tata Motors have joined the strike on Thursday," BEST has hired buses on a wet lease model, which means that the private operators are responsible for vehicle ownership, maintenance, fuel and driver costs. The protesting drivers complain that they have not received adequate salary hikes in the last three years, which has made it difficult for them to manage their household expenses.

Supreme Court on Friday observed after an advocate mentioned before it that an objectionable video in which the apex court has been compared with a brothel is being circulated on social media platforms. An advocate mentioned the matter before a bench comprising Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra.

Concord Biotech IPO: The initial public offering (IPO) of Concord Biotech Limited has opened today for subscribers and it will remain open for bidders till 8th August 2023. The public issue aims to raise ₹1,551 crore and the book build issue is completely offer for sale (OFS) in nature. The bio-pharma company has fixed Concord Biotech IPO price band at ₹705 to ₹741 per equity share.

Bloomberg. A hearing in Washington before US District Judge Tanya Chutkan is set for Aug.

Donald Trump pleaded not guilty to federal charges after being arraigned in Washington, D.C. on Thursday related to an investigation into the Jan. 6, 2021 Capitol riots.The U.S.

Edited excerpts: From a markets point of view, liquidity is back in some form. Whether from foreign investors’ point of view, FOMO or whatever it maybe, the fact is that our markets outperformed our neighbours. The broad investment theme is that companies that are actually run well are finding takers.

In an advancing world of empowerment talk and increased awareness of personal rights, conversation around one topic has stayed largely hushed, restricted to admissions within close family at most: Sexual harassment at the workplace. Even if little is apparent amid cubicles and cafeterias, the murky truth thrives beneath a shroud of silence. A 2022 report by the International Labour Organization revealed that more than one in five people employed—almost 23%—had experienced violence and harassment at work globally, physical, psychological or sexual.

Companies accused of “greedflation” as the costs for goods and services hit multi-decade highs did not take advantage of inflation to raise prices more than necessary, new research from the Bank of Canada suggests, challenging recent statements made by bank officials.

Indian tourists, but also tourists from China. tour operators in India had also been disappointed by the news considering Schengen Visa and Switzerland tour form their most profitable ventures.

Legendary investor Warren Buffett told CNBC on Thursday that his conglomerate Berkshire Hathaway (NYSE:BRKa) «bought $10 billion in US Treasurys last Monday.»

One morning in late June, criminal agents from the Internal Revenue Service made unannounced visits to dozens of wealthy Americans. They carried summonses and wanted to ask about pension plans in Malta on the IRS “Dirty Dozen” scams list.

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Early on, remote work looked like a win-win: Employees got to work where and when they pleased, and employers got more productivity. It turns out only the first part of that bargain came true. Employees still love remote work, but recent studies find no boost to productivity and a decline for fully remote work.

The US, which boasts the largest consumer base for crypto, is currently grappling with uncertainty due to the SEC's relentless crackdown on crypto operations. This has significantly impeded progress in terms of regulatory developments, the adoption environment, and the support from financial institutions in providing liquidity for virtual digital assets. In stark contrast, the EU, the UK, Hong Kong, Dubai and Singapore, have been steadily cultivating thriving ecosystems for crypto. Their proactive approach has even enticed crypto entrepreneurs in the USA to consider relocating their operations to these countries for smoother functioning. However, there is a glimmer of hope on the horizon in the form of the Fit Act, which aims to bring the US on par with other nations that have implemented forward-looking crypto regulations. The primary objective of this bill is to clearly define boundaries for oversight of the industry between the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) and remove any ambiguity which might cause differences in verdict or uncertainty for stakeholders. Amid the SEC's ongoing exercise of authority over the crypto industry, the Ripple verdict has ignited hope within the community. This first-of-its-kind positive judgment has raised expectations for additional scrutiny of lawsuits and the possibility of more favourable verdicts in the future. This bill, which marks the first-ever congressional vote on the matter, has boosted the ecosystem's hopes further.

Delhi, a 21-year-old shop worker died after he was mercilessly stabbed 17 times by a man who sought the return of a Rs 3,000 loan. As per a ToI report, the gruesome murder took place merely a stone's throw away from a local police station at approximately 7 am on Wednesday. Shockingly, the murderous assault was captured by an onlooker on their mobile phone.

«Honestly, in percentage terms, it is a 1% dip. We are so used to seeing a 100-point move on the Nifty being such a big thing, over the last decade that these days 200 points is basically close to a percent,» says Gautam Shah, Goldilocks Premium Research.The market first hit a pause button. And yesterday, for the first time after a gap of almost four-four and a half months, it did show signs of some reversal. How should one read into the recent price action? I think it is quite normal.

abortion pills, serving women from India to Mexico. The Washington DC-based nonprofit says it provides high-quality medicines, condoms and other reproductive health products at affordable prices. But almost one-fifth of the 30 million products DKT distributes annually for abortions and postpartum hemorrhage prevention come from an Indian company with a record of making substandard medicine.

Steve Englander, Global Head of G10 FX Research and North America Macro Strategy, Standard Chartered Bank, says the “equity markets were overenthusiastic over the last couple of months. I do not think that the Fitch reason is any reason for them to sell off. But if we are right that the US is going into a moderate recession, it is actually going to be good for risk appetite because it will lower the discount factor in all asset markets.

«What it has done, it has shone a light on the fiscal deficit position, which is true because I think if you are going to run a fiscal deficit of 6% in peacetime or economic expansion time, then that does not bode really well,» says Manish Singh, Crossbridge Capital.What do you think because there has been a bit of dismissal of the new ratings downgrade by the Biden administration as well, some have called it out-dated that it defies reality. Do you hold the same opinion as well?I do. I think the timing is just plain dubious because if anything, a lot of this thing has been sorted out over the last few months.