NOT Financial News

SRM Contractors IPO: The initial public offering (IPO) of SRM Contractors Limited has hit the Indian primary market today. The public issue will remain open till 28th March 2024. The construction company has fixed SRM Contractors IPO price band at ₹200 to ₹210 per equity share.

New York state could start seizing Donald Trump's properties if he doesn't post a bond by Monday to cover a $454 million civil fraud judgment, but it may be well over a year before Trump Tower and other prized real estate holdings are on the chopping block. Seizing the former U.S president's sprawling real estate empire, which includes Trump Tower in Manhattan, a 370-acre estate in Westchester and his Mar-a-Lago resort in Florida, would not entail sheriff's deputies storming the lobby of Trump's buildings or chiseling the real estate mogul's name off of facades.

Nikhil Kamath, the co-founder of Zerodha, expressed his belief that Bengaluru possesses a significant amount of paper wealth, suggesting that the wealth in the city may be more superficial than tangible. He noted that individuals in Bengaluru often accumulate wealth through stock options and other paper assets, particularly those working in the tech industry. Bengaluru's primary wealth stems from tech companies He highlighted that the wealth in Bengaluru primarily stems from tech companies, leading to a facade of affluence without substantial expendable wealth. Kamath expressed, 'It's not real money. Bengaluru has the most paper wealth and very little expendable wealth. The paper rich from here made money in tech companies.' Reflecting on his early career, Kamath recounted his first job experience at a call center in Bengaluru where he earned ₹8,000 selling health insurance. He noted the contrast in feelings as his peers graduated and entered the workforce.

Arvind Kejriwal in connection with the Delhi Excise Policy case linked to a money laundering case. Delhi Minister and AAP leader Atishi said on Monday that they have resolved not to play with colours and celebrate Holi this year and appealed to the countrymen to join them in the fight against cruelty and evil. "Holi is not just a festival, but a symbol of the victory of good over evil, a symbol of justice over cruelty.

battling cancer until the Princess of Wales announced it in a video message on television. Soon after Kate’s public announcement, the Prince and Princess of Sussex released a statement. Several sources confirm, as per The Independent, that there were no conversations on Kate’s diagnosis prior to her announcement.

At least 133 people were killed and scores injured in a terror attack in Moscow late on Friday. Four men opened fire indiscriminately in a concert hall, setting a part of it on fire.

Based on initial test outcomes, some funds have seemingly come out with flying colours. These funds will be able to offload a quarter or even half of their holdings within a matter of 2-3 days, if the need arises. On the other hand, there are a few surprises. For instance, the SBI Small Cap Fund may take up to 60 days to offload half of its portfolio when under stress (see graphic). These outliers are being perceived as risky. Are investors drawing the right conclusions? Are some funds illprepared for a doomsday scenario? Should you buy or exit a fund based on these test results? We attempt to filter out the noise around the much-hyped stress tests to find out whether investors need to be worried. Fund size matters

₹9.76 trillion of the targeted ₹10.88 trillion, according to data from Reserve Bank of India (RBI). In FY23, the ₹7.78 trillion raised from SDLs had fallen short of the targeted ₹9.96 trillion. In a case resembling a year-end sale, 18 states have offered to auction SDL stock for a cumulative ₹60,032.49 crore in the current fiscal’s final weekly auction on 26 March, according to the RBI.

Jaishankar said on Sunday that «a terrorist is a terrorist» in any language and one should not allow terrorism to be excused or defended because of a different explanation of it. Jaishankar's remarks came during his interaction with the Indian community members in Singapore. Responding to a question on how Indian officials approach sensitive and linguistically different topics with their global counterparts, the minister said that in diplomacy, different countries bring their own cultures, traditions and sometimes their language or concepts to debate. «It's also natural that there will be different viewpoints. And what diplomacy is about is to find a way of reconciling it and coming to some kind of agreement,» he said.

Karnataka Chief Minister Siddaramaiah on Sunday said giving tickets to the children and relatives of ministers was not dynastic politics but acknowledging the recommendation of voters. In its second list of candidates for the upcoming Lok Sabha elections, the Congress on March 21 announced fielding its national president M Mallikarjun Kharge's son-in-law and children of five ministers in Karnataka. «Yes, we have given. We gave tickets to those whom the people of the constituency recommended. This is not dynastic politics but acknowledging people's opinion,» Siddaramaiah told reporters. He was replying to a query about 10 family members and relatives of Karnataka ministers getting tickets to contest the Lok Sabha polls on behalf of Congress.

REA India, which owns Housing.com and PropTiger, is not actively looking for acquisition for further growth but the company is open to evaluate «interesting» opportunities that complement the business or help in securing new technologies, its CEO Dhruv Agarwala said. REA India, which is part of Australia-based REA Group, will focus on consolidating its both businesses — real estate classified platform Housing.com and residential brokerage portal PropTiger.com, he added. In an interview with PTI, Agarwala, who is also CEO of Housing.com and PropTiger, said there is no plan of acquisition in near future.

Himanta Biswa Sarma said his Delhi counterpart Arvind Kejriwal effectively invited his own arrest by the Enforcement Directorate (ED) due to his repeated failure to respond to summonses, suggesting that it might have been a tactic to garner political sympathy. Sarma emphasised that when a person disregards nine summonses from the ED, it indicates a deliberate invitation for arrest. He remarked that if Kejriwal had complied with the initial summonses, his arrest might have been avoided. Speaking to reporters at the state BJP headquarters here after a poll-preparedness meeting on Saturday, Sarma said, «If the ED serves someone nine summonses and that person doesn't show up, it is evident that he is inviting his arrest. The ED didn't arrest Kejriwal, he invited the agency to arrest him.»

Congress has multiple bank accounts and just three-four of them have been attached, «not frozen», for non-payment of tax dues, the BJP said Saturday, accusing the opposition party of making misleading statements on the issue sensing its «imminent» defeat in the Lok Sabha poll. «These bank accounts have not been frozen, they are operational. You (Congress) can deposit money in these accounts and withdraw too, except Rs 125 crore, which has been attached by the Income Tax department due to the non-payment of dues as per Income Tax rules,» BJP national spokesperson Sambit Patra said. Referring to media reports, he said the Congress has about Rs 1,000 crore in its multiple bank accounts, opened with «multiple PAN» numbers in «violation of its own party constitution». The Congress also has a fixed asset of worth Rs 500 crore, the BJP leader claimed. He said the Income Tax Department has attached three-four bank accounts of the Congress due to the non-payment of outstanding Rs 135 crore as per rules.

Flair Airlines is putting up fewer flights domestically in Canada this spring, but the low-cost carrier’s CEO says it’s part of a broader push for the airline to fly into more sunny destinations.

finance ministry is not in favour of any major regulatory intervention in the stock market, and believes that over-regulation could lead to nervousness among participants, ETNow news channel reported, quoting sources. The news comes in the backdrop of the recent measures taken by the Securities and Exchange Board of India (SebI) to check on the building froth in the small and midcap stocks.

In a joint effort to fight the rise of precious metals fraud, particularly targeting those nearing or in retirement, major regulatory bodies have issued a stark warning. In a statement, the Commodity Futures Trading Commission said it is working with the Financial Industry Regulatory Authority Inc. and the North American Securities Administrators Association to highlight risks associated with investing in overpriced gold, silver, and other metals.

IDFC First Bank informed that its Managing Director & CEO V. Vaidyanathan gifted 7,00,000 equity shares of the company held by him on March 21 to five people without consideration. “It is declared that the recipients are not related to him in any manner under the definition of related parties of the Companies Act or SEBI Regulations.

With the boom in mergers and acquisition involving broker-dealers and registered investment advisors showing no sign of slowing down, it turns out that brokerage firms other than giants like LPL Financial, Osaic and Cetera Financial Group are targeting acquisitions of firms or financial advisors.

Supreme Court stayed GoI's notification establishing PIB's Fact Checking Unit (FCU) to act as a 'deterrent' against creation and dissemination of fake news or misinformation regarding GoI's 'business'. Being 'involved' in a piece of (mis)information makes gov bear a conflict of interest, thereby making it not the most neutral of umpires in disputes. The top court's stay order will be in place until the Bombay High Court decides on the challenges to Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Amendment Rules 2023.

Akasa Air doesn’t see any curtailment of flights due to the new pilot rest rules even though it has planned an exponential growth and international foray this summer, CEO Vinay Dube. Dube is a co-founder of the airline which started in 2022 and is backed by the family of late stock market investor Rakesh Jhunjhunwala. “We should rather applaud the regulator for their continuous focus on safety rather than talking if there will be two or three pilots short. We have 24 aircraft and around 700 pilots now which is plenty not just for the current fleet but also for the aircraft that will be delivered later. We will maintain a reliable schedule and there will be no flight cancellations,” Dube said.

New York state lawyers are urging an appeals court not to buy former President Donald Trump’s claims that it’s impossible to post a bond fully covering a $454 million civil fraud judgment while he appeals