Platform Financial News

NEW DELHI : India’s National Investment and Infrastructure Fund Ltd (NIIF) and private equity firm Actis Llp are among four contenders vying to acquire Macquarie Asset Management’s Green Investment Group platform Vibrant Energy, two people aware of the development said. Vibrant Energy has a 1.5-gigawatt (GW) portfolio in the commercial and industrial (C&I) sector. JP Morgan is managing the transaction with four bidders being shortlisted from among the non-binding offers submitted for the deal valued at around $250 million.

Self-regulation in online gaming remains stalled more than four months after the plan was floated as the industry continues to be a divided house, three industry officials said, even as the government worries whether some entities may exert undue influence over the regulating entities. On 6 April, the ministry of electronics and information technology (Meity) moved to create a framework of self-regulatory organizations (SROs), which will act against gambling apps and betting apps offering real-money games. Rajeev Chandrasekhar, Union minister of state for electronics and IT, said it will start off with three such bodies, with scope for more to follow.

By Jan Schwartz

Many of my friends in the US, even the ones I consider well educated and reasonable in their views, have turned dejected with the social and political discourse in their country. Some have even remarked to me that they expect a ‘civil war’ in their country sometime soon. I do not believe this is the case; nonetheless, there are two salient contributing factors which I will discuss here: one is technological change, and the other, demographic change.

New Delhi: The Reserve Bank of India (RBI) governor Shaktikanta Das on Monday said that cross-border payments can be made more efficient through adoption of digital currencies. “The empirical data that we are generating would go a long way in shaping the policies and future course of action. With its instant settlement feature, I believe, CBDCs (central bank digital currencies) can play an important role in making cross-border payments cheaper, faster and more secure," he said at the G20 TechSprint 2023.

In the auction, according to Dubai’s Roads and Transport Authority, Plate (AA 70) was the most expensive at AED3.82 million, followed by Plate (X 7777) for AED3.80 million, Plate (Z 43) for AED2.85 million. The number plate (Y 96) and Plate (S 888) were sold for AED2.66 million and sold for AED2.3 million respectively. Dubai’s Roads and Transport Authority put up 90 fancy plates at this auction comprising of two, three, four and five-digits bearing (AA-I-J-K-L-M-N-O-P-Q-R-S-T-U-V-W-X-Y-Z) codes. «By offering distinctive licensing plates at open or online auctions, RTA (Roads and Transport Authority) seeks to provide a neutral and transparent platform that bidders can avail of.

credit cards can be linked to UPI. The scope of UPI is now being expanded by the inclusion of credit lines as a funding account, Reserve Bank said in a circular on 'Operation of Pre-Sanctioned Credit Lines at Banks through UPI' "Under this facility, payments through a pre-sanctioned credit line issued by a Scheduled Commercial Bank to individuals, with the prior consent of the individual customer, are enabled for transactions using the UPI System," the RBI said. “Banks may, as per their board approved policy, stipulate terms and conditions of use of such credit lines.

In a major reshuffle, the UK’s Opposition Labour Party leader Sir Keir Starmer on Monday demoted Indian-origin shadow ministers Lisa Nandy and Preet Kaur Gill among others. Nandy, the member of Parliament for Wigan and daughter of Dipak Nandy – a Kolkata-born academic well-known for his work in the field of race relations in Britain, was removed as a shadow secretary of state and handed an international development ministerial post, which was previously held by Gill. Gill is the first British Sikh female member of Parliament in the House of Commons.

In a recent captivating conversation with Rajagopal Menon, Vice President of WazirX, we ventured into the intricate world of crypto regulation both on Indian soil and in the global arena.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

G20 Summit, the Northern Railway has imposed restrictions on the movement of parcel vans in Delhi from September 8 to 10. The G20 Leaders Summit will be held from September 9-10 at the newly built international convention and exhibition centre — Bharat Mandapam — at Pragati Maidan here. The restrictions will be imposed at several railway stations, including New Delhi, Old Delhi, Hazrat Nizamuddin, Anand Vihar Terminal, and Sarai Rohilla. According to a press statement issued by the NR, passenger trains, that originate from, travel across or terminate at these stations, will not have any kind of parcel coaches, including the leased ones and all Parcel Cargo Express Trains (PCET) also stand cancelled for these three days. «Parcel godowns and platforms shall remain free of parcel packages/packing.

Narendra Modi has not taken a single leave, said the prime minister's office (PMO) in response to a Right to Information (RTI) query. The RTI filed by Prafful P.

Jim O'Neill came up with the term ‘BRIC’ (Brazil, Russia, India and China) in 2001, little did he know that the acronym would become the groundwork for an ambitious alliance of the world’s highest-potential large economies. That potential is, in a way, now spreading, even as more nations dare to dream beyond the West’s hegemony. The BRICS bloc was born in 2009 as a response to the changing global economic landscape, aiming to promote cooperation on common challenges.

TOMY International Inc. has initiated a recall for its 'Boon Flair & Flair Elite highchairs due to safety concerns. These highchairs feared to have a detachment issue, were distributed throughout the United States and Canada. The voluntary recall was announced on August 31, 2023, in collaboration with the United States Consumer Product Safety Commission (CPSC), Health Canada, and TOMY International Inc.

Meta on Monday said it has entered into a three-year partnership with the education ministry as well as the ministry of skill development and entrepreneurship to empower students, educators and entrepreneurs across the country. Meta signed a letter of intent (LoI) with the National Institute for Entrepreneurship and Small Business Development (NIESBUD) for free digital marketing courses to promote entrepreneurship and skill development in India. The American technology company also signed two other LoIs with the All India Council for Technical Education (AICTE) under the Department of Higher Education, and the Central Board of Secondary Education (CBSE). Dharmendra Pradhan, Union Minister for Education and Skill Development and Entrepreneurship, said India's democracy, demography and diversity are to be connected with technology conversion so that technology becomes the equaliser for the entire society. «Guided by the tenets of NEP, Meta's partnerships with NIESBUD, CBSE and AICTE will catalyse infinite possibilities for equipping our population with critical digital skills and empowering micro entrepreneurs and small businesses,» he added.

equity market, will be of immeasurable value as SBI Securities enters its next stage of expansion. As a results-oriented leader, Suresh brings a dynamic, forward-thinking mindset to create innovative business and financial strategies that drive both top- and bottom-line growth," said Deepak Kumar Lalla, managing director and CEO, SBICAP Securities Ltd.

₹100 crore. But this jump in the valuation of media rights for the game in India took flight only after the birth of IPL – twenty-over cricket matches (T20) played by the best in the business for privately owned teams, all set against the backdrop of Bollywood spice.

Muthoot FinCorp, the flagship entity of Muthoot Pappachan Group (Muthoot Blue), has announced its 16th series of secured, redeemable, non-convertible debentures (NCDs), that will offer a yield up to 9.43% (per annum). «Effective yield (per annum) for the NCD holders in all categories of investors ranges from 8.65-9.43%,» the company said in a statement. The secured NCDs issued under Tranche I have been rated at ‘AA-/ Stable’ by CRISIL and are proposed to be listed on the debt market segment of BSE. Through the issue, the company plans to raise an amount aggregating up to Rs 400 crore, which is within the shelf limit of Rs 1,100 crore. The first tranche issuance of Rs 100 crore comes with a green shoe option of Rs 300 crore aggregating up to Rs 400 crore. The Tranche I issue with a face value of Rs 1000 has been open to the public from Friday, September 1 till September 14, subject to an early closure as may be approved by the Board. The NCDs under the Tranche I Issue are being offered with maturity/tenure options of 24 months, 36 months, 60 months, and 96 months with monthly, annual, and cumulative payment options across different schemes from which the customers can conveniently choose. The funds will be used for onward lending, financing, and for repayment/ prepayment of interest and principal of existing borrowings of the company and for the general corporate purposes. “Our strength is the belief and trust of our customers from across the country for more than 136 years and I am happy to announce the 16th series of NCDs from Muthoot FinCorp," said Shaji Varghese, CEO, Muthoot FinCorp. «Customers come from various walks of life, and this is a great platform for both existing customers and prospective investors to