NOT Financial News

By Joe Bavier, Nellie Peyton and Bhargav Acharya

Three former close friends and colleagues of FTX co-founder Sam Bankman-Fried have testified against him, potentially leading to minimal jail time for themselves.

₹57 to ₹60 per equity share of face value of ₹10. ESAF Small Finance Bank lot size is 250 equity shares and in multiples of 250 equity shares thereafter.

By Jack Queen

Federal Reserve that its rate-tightening cycle may be over. This may appear premature with inflation beyond target, but the Fed is calibrating its policy to the expansionary fiscal stance that is driving up treasury yields. Government borrowing may avert a hard landing for the US economy as consumption is squeezed further.

Zoram People's Movement (ZPM) has said that it will maintain distance from the two national parties — Congress and BJP. ZPM — second largest party in the state — is hoping to make it big in the November 7 polls to be held for the 40-member assembly. Showing confidence, 74-year-old ZPM president Lalduhoma, a police officer-turned-politician, told ET, «We are heading for a landslide victory.» Attacking the ruling Mizo National Front (MNF), he accused the party of having two faces, one in New Delhi and one in Mizoram. «MNF is part and parcel of the NDA and Northeast Democratic Alliance (NEDA).

Bar and Bench “The Archaeological Survey of India (ASI) has provided conflicting and contradictory information on Taj Mahal." “Under this, the ASI has mentioned that six months after the death of Mumtaz Mahal in 1631, her body was transferred to Agra to be enshrined in the crypt of the main Tomb of the Taj Mahal. This is contradictory to the information provided in the same web page for Taj Mahal where ASI has claimed that it took 17 years for the monuments complex to be completed in 1648.

Indian retailers surveyed do not feel e-commerce is threatening their operations, with only 18 per cent saying that their sales have been impacted by online selling platforms, claims a study. The top industries witnessing the highest contribution from offline sales are FMCG & Retail (97 per cent), Food & Beverage (95 per cent), and Consumer Durable & Electronics (93 per cent). MSME-focused digital lender in India NowGrowth surveyed around 3,000 Indian retailers and shoppers across more than 25 top cities in India, wherein it was found that at-home delivery remains a top priority for shoppers, with 60 per cent of offline retailers receiving customer requests to start home delivery services.

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The regulator warned firms they have to embed customers’ interests centrally in their culture and purpose, across strategy, governance, leadership and people policies, not just compliance.

Maneesh Dangi, Founder, Macro Mosaic Investing, says “it is very unlikely that the US would have a 2008 play out because the US balance sheets are pretty clean in terms of household balance sheets and corporate balance sheets are not levered. But that cannot be said for Europe, cannot be said for China, it cannot be said for many other emerging markets. So I do not know and I do not think a GFC kind of liquidation or credit events are going to play out in the US but then it is more likely that it could pay out in some other places. Thankfully, Indian balance sheets look as clean as they were in 2007. So India is out of the picture as far as that sort of balance sheet stress is concerned.” Do you think everything is moving on expected lines? The Fed was not supposed to increase rates, they have not increased rates. The Fed was supposed to say that they are keeping the interest rate window open, which is what they said. The Fed was supposed to increase their outlook for the US economy, which they did. So, the Fed is becoming rather easy to call now. Yes, it is a sensible Fed because having taken the rates higher by about 550 basis point, Fed is deeply aware as we all are, that interest rates work with a lot of lag and incidentally I was reading a research report today early that perhaps today's interest rates operating in US could be of last Diwali.

BJP leader Avinash Rai Khanna said here on Thursday and asked why Delhi Chief Minister Arvind Kejriwal was avoiding the Enforcement Directorate if he has done no wrong. Delhi Chief Minister Arvind Kejriwal on Thursday did not appear before the Enforcement Directorate for questioning in an excise policy-linked case and wrote to the agency demanding withdrawal of the notice summoning him, claiming it was «illegal and politically motivated». The AAP national convener's party colleagues Manish Sisodia and Sanjay Singh are in judicial custody in this case.

Here are the latest updates on Delhi's excise policyThe ruling Aam Aadmi Party (AAP) remained tight-lipped about whether the chief minister will appear before the Enforcement Directorate (ED) or not. The ED summoned Kejriwal for questioning in a money laundering case linked to the alleged excise policy scam.

Federal Reserve Chairman Jerome Powell dashed any hopes for a rate cut in the near future and said that the central bank is not «at all» thinking of the possibility currently.

U.S. Senator Cynthia Lummis (R-WY) corrected the record on crypto and terror financing on Tuesday after calling for crackdowns on crypto firms supporting sanctioned groups just days earlier.

South Africa scored 428/5 against Sri Lanka: South African batters are playing ICC World Cup 2023 in beast mode as they scored the highest score in the history of the World Cup against Sri Lanka. Quinton de Kock, Rassie van der Dussen, and Aiden Markram smashed centuries, which is also the first time in the history of the World Cup when three players of a team completed their tons. 2.

Big financial institutions such as Fidelity Investments’ foray into the cryptocurrency market is a boon rather than a bane for the asset class and will aid in building the ecosystem further, according to Vikram Subburaj, CEO, Giottus Crypto Platform. “As more traditional financial institutions enter the crypto market, it validates the industry’s legitimacy and attracts a more extensive user base,” Subburaj said, adding, “Rather than perceiving this as a threat, we view it as a positive development that validates the potential of the crypto market. In an interview with ETMarkets, Subburaj also spoke about the confluence of opportunities and challenges in the crypto market, and Giottus’ business growth plans. Edited excerpts: What challenges and opportunities do you see in the cryptocurrency market, both globally and in the context of India’s regulatory developments, in the coming years? In the crypto market, both globally and in India, we anticipate a confluence of challenges and opportunities.

As we foray into November 2023, it is essential to stay informed about the various income tax deadlines that are approaching. It is important for every taxpayer to be aware of the due dates for the month of November to ensure comprehensive planning and mitigate potential consequences.  

With energy bills soaring through the roof and inflation running high, Canadians are having to cut back on their household expenses – in some cases at the cost of their safety and comfort, according to a national survey.

₹615 crore. Westlife believes near-term challenges are temporary and that some recovery is likely during the festival season. The quick service restaurant (QSR) operator has guided for a high single digit SSSG in FY24.

State-sponsored attackers" trying to “remotely compromise" their iPhones, Congress leader Rahul Gandhi on Tuesday said that they are not afraid of phone tapping. “All Opposition leaders get notice that said ‘Apple believes you are being targeted by state sponsored attackers’. All guys in our office got it.