NOT Financial News

«This maturity wall is massive, we have not seen anything like it before. Granted, it is quite sizable and there is a lot of refinancing that needs to happen,» he told delegates at the firm's International Media Summit on Thursday (14 March) attended by Investment Week. During the pandemic, companies took advantage of low interest rates to secure favourable funding for an extended period. This resulted in longer maturity profiles and limited new issuance, raising concerns about the credit markets' ability to handle costly refinancing. Deep Dive: 'No clear maturity wall' as companies n...

Citizenship Amendment Act (CAA) is a piece of legislation that seeks to provide citizenship to non-Muslim refugees who have fled religious persecution in neighbouring countries such as Pakistan, Afghanistan, and Bangladesh. The act has been the subject of much controversy and debate, with some arguing that it discriminates against Muslims and violates India's secular Constitution. However, supporters of the act argue that it is necessary to provide a safe haven for those who have faced persecution due to their religious beliefs.

Britain’s high court has ruled that an Australian computer scientist is not, as he claimed, the mysterious creator of the bitcoin cryptocurrency

A U.N. report says many countries are bouncing back from the COVID-19 pandemic, but the poorest are not and a significant number are seeing their conditions deteriorate

SBI Card has announced that accrual of reward points on rent payment transactions will be discontinued for certain credit cards effective from April 1, 2024. Further, the accumulation of reward points on rent payment transactions for certain credit cards will end on April 15, 2024. Also read: RBI amends these debit card, credit card rules: What card holders should know Also read: You can soon choose from multiple card networks; when it comes into effect, who is not eligible

Reliance Industries, was the third largest donor to political parties using electoral bonds. It bought Rs 410 crore of electoral bonds between financial years 2021-22 and 2023-24 but Reliance said the company is not a subsidiary of any Reliance entity. Electoral bond purchases and donations by Qwik Supply were behind Rs 1,368 crore of Future Gaming and Hotel Services — another little-known lottery company — and Rs 966 crore of Hyderabad-based Megha Engineering & Infra, according to information uploaded by the Election Commission on its website. Publicly available information describes Qwik Supply as a manufacturer of warehouses and storage units. The unlisted private company was incorporated on November 9, 2000 with an authorised share capital of Rs 130.99 crore. Its paid-up capital is Rs 129.99 crore.

By David Shepardson

Mint. Increasingly, companies and brands are chasing affluent Indian consumers who are driving up sales of expensive cars, real estate and bags among others. In premium foods, too, more companies are stepping in, increasing the competitive landscape for the Biyani sisters. For instance, last year, Spencer’s Retail Ltd, an RP-Sanjiv Goenka Group subsidiary, announced its foray into upmarket grocery retail under the Nature’s Basket Artisan Pantry brand, citing demand for pricey truffle, caviar, and exotic mushrooms.

bitcoin is not the pseudonymous inventor of the cryptocurrency, a judge at London's High Court ruled on Thursday. Craig Wright has long claimed to have been the author of a 2008 white paper, the foundational text of bitcoin, published in the name «Satoshi Nakamoto».

UK Judge James Mellor has rejected Craig Wright’s claims of being Satoshi Nakamoto, the elusive creator of Bitcoin, in a recent verdict. 

NATO head Jens Stoltenberg said on Thursday alliance members «are not providing Ukraine with enough ammunition» and the shortfall has allowed Russia to push Kyiv's forces back. «The Ukrainians are not running out of courage. They are running out of ammunition,» Stoltenberg told journalists. «Together, we have the capacity to provide Ukraine what it needs. Now we need to show the political will to do so.»

«As we talk about the US election, I am going to tell you not to think about that,» she told delegates at the firm's International Media Summit on Wednesday (13 March). «You might think, why is that? Well, first of all, it is a long time away, and a lot can happen between now and November.» JP Morgan AM's Karen Ward: Bank of England 'should not be blamed' for rate rises Ward noted there is often a stark contrast between what politicians promise and what they actually deliver, particularly when the economic realities of their policies are laid bare.  «At this point, when it is al...

Sharad Pawar-led faction challenging the Election Commission's decision to grant the clock party symbol to Ajit Pawar and recognise his group of MLAs as the "real NCP". During the hearing, Advocate Singhvi, appearing on behalf of Sharad Pawar, urged the court to allow Ajit Pawar's faction to "use anything under the sun except the clock...trumpet and my (Sharad Pawar) picture." "...If they are so confident to win the elections, then let them do that on their own," Singhvi was quoted by Bar and Bench as saying.

Speaking at the Morgan Stanley European Financials Conference today (14 March), he said the FCA would be pragmatic on Consumer Duty enforcement and would tackle breaches that posed the «greatest risk of harm but looking favourably on firms that have made reasonable efforts to address concerns». Industry backs House of Lords call to reform 'misleading' investment trust cost disclosure He also said: «We are not a price regulator and we will not stand in the way of well-run businesses making profits in the face of effective competition.» Rathi added the regulator wanted a deeper, more...

As more and more Canadians from other parts of the country are moving to Alberta for a lower cost of living, there’s a catch 22 situation — that migration might be driving up rents in cities like Edmonton and Calgary that are drawing those fed up with high costs elsewhere.

Krystal Integrated Services IPO: The initial public offering (IPO) of Krystal Integrated Services Limited has hit the Indian primary market today. The public issue will remain open for bidders till 18th March 2024. The facilities management services company has fixed Krystal Integrated Services IPO price at ₹680 to ₹715 per equity share.

CAA. The remarks came after the Centre notified the rules for implementing the act. Speaking to ANI, Amit Shah said, “This is our sovereign right to ensure Indian citizenship in our country, we will never compromise on it and CAA will never be taken back.

NEW DELHI : Liquor ad masquerading as soda? Tobacco ad in the guise of cardamom? Companies pushing surrogate advertisements of products they are not allowed to promote may face stiff penalties to be specified in upcoming consumer protection guidelines, two officials aware of the plans said. A committee formed by the Central Consumer Protection Authority (CCPA) on surrogate advertisements is meeting next week to discuss the matter, one of the two officials said. Promotional activities must be genuine, and companies should not misuse legal provisions for brand extension, the official said on condition of anonymity.

Transportation Secretary Pete Buttigieg has reiterated his concerns about railroad safety and scolded the industry for not doing more to improve since last year's fiery Ohio derailment

Rashomon, the classic 1954 film by Japanese director Akiro Kurosawa, narrates four different perspectives of a crime. The Rashomon Effect aptly applies to varying accounts of the recently concluded 13th Ministerial Conference (MC-13) of the World Trade Organization (WTO), with much commentary in the Western media holding India as a spoiler even as Indian write-ups provided justification for the country’s positions. All this, while geopolitical shifts have resulted in strategic economic partnerships worldwide overshadowing the WTO.

semiconductor hub and will also raise the country’s profile in the global semiconductor value chain,” Prime Minister Narendra Modi on Wednesday said. Modi on Wednesday laid the foundation stone for India’s first pure-play commercial semiconductor chip manufacturing foundry by the Tata Group at Dholera in Gujarat.