Pool Financial News

Securities and Exchange Board of India (Sebi) should testify quarterly before the standing committee on finance, where Buch can address the charges against her as part of her regular testimony. Regulatory integrity must, of course, be substantive and visibly so. This makes it imperative to clear the air over the charges levelled against Buch.

Sun TV Network's revenue for the fiscal year 2023-24 experienced a significant boost, largely driven by its Indian Premier League (IPL) franchise, Sunrisers Hyderabad, and its SA20 franchise, Sunrisers Eastern Cape. The company's revenue from cricket franchises surged by 138% to Rs 659 crore in FY24, up from Rs 276 crore in the previous year. The company's consolidated revenue from operations surged 15% to Rs 4,787 crore, while net profit jumped 13% to Rs 1,925 crore. This increase was fuelled by a rise in revenue from the central revenue pool, which was supported by the Board of Control for Cricket in India’s (BCCI) record Rs 48,390 crore media rights deal with Disney Star and Viacom18 in 2022.

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

Binance CEO Richard Teng discussed key commitments including prioritizing users, supporting global regulatory frameworks, and partnering with global entities.

Michael Graw is an experienced freelance finance and tech writer, specializing in cryptocurrencies, decentralized finance, and Web 3.0 since 2018. His work has been featured on various financial news...

SJVN Ltd. According to one of the three people cited above, older renewable projects, largely solar, have found it harder to find buyers. "For the projects which have come up in the past one year, the agreements have largely been signed," the person said on the condition of anonymity.

Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, Business2Community, and...

Assam Chief Minister Himanta Biswa Sarma presented permanent appointment letters to 23,959 contractual and state pool teachers of upper and lower primary school teachers in Guwahati. The appointment of the teachers is considered a great step towards empowering the teaching fraternity of the state. It may be noted that under the present government, Assam has achieved an impressive milestone with a total of 1,24,345 appointments made so far. The recruitment drive has seen substantial growth: 4,779 candidates were selected by the end of 2021, followed by a leap to 35,130 in 2022. In 2023, the number soared to 55,593, and by August 26 this year, an additional 4,887 were added to the list. Sarma said that this robust recruitment effort highlights the government’s dedication to enhancing job opportunities and ensuring a merit-based, transparent selection process throughout the state. Plans are underway to create 50,000 new government jobs in the coming years, aiming to significantly boost employment opportunities and strengthen the public sector workforce across various departments and services, he added.

Michael Graw is an experienced freelance finance and tech writer, specializing in cryptocurrencies, decentralized finance, and Web 3.0 since 2018. His work has been featured on various financial news...

AI startup OpenAI said on Thursday its chatbot ChatGPT now has more than 200 million weekly active users, double the number it had in the last fall season. ChatGPT, launched in 2022, can generate human-like responses based on user prompts and had 100 million weekly active users, OpenAI CEO Sam Altman had said in November. OpenAI said 92% of Fortune 500 companies are using its products and the use of its automated Application Programming Interface, or API, which allows software programs to talk to each other, has doubled since the launch of ChatGPT-4o mini in July.

Dogecoin alternative PlayDoge ($PLAY) blasted 24% higher after listing on decentralized exchanges (DEXs) today.

Applied Materials will be signing a Memorandum of Understanding (MoU) with the Tamil Nadu government on Friday to establish an advanced AI-enabled technology development Center of Excellence focused on semiconductor manufacturing and equipment in Taramani, Chennai. The MoU is to be signed in San Francisco in the presence of the Tamil Nadu Chief Minister, MK Stalin and President of the Semiconductor Products Group at Applied Materials, Dr. Prabu Raja. “Investment in key sectors such as advanced electronics and semiconductors will help us achieve the $1 trillion economy goal by 2030. We want to make Tamil Nadu the most advanced knowledge and innovation hub in South Asia,” Tamil Nadu Chief Minister MK Stalin said in a statement.

Siddaramaiah on Thursday urged the 16th Finance Commission to cap cess and surcharge at 5% of gross tax revenue and move collections above that into the divisible pool for sharing with the states. Cess and surcharge are not part of the divisible pool. Over the years the union government has increased its reliance on cess and surcharge. This has caused substantial loss to all the states. The loss to Karnataka on account of the non-sharing of cess and surcharge was Rs. 53,359 crore during the five-year period from 2017, the CM said, addressing Chairman Arvind Panagariya and other visiting members of the Commission. The CM pressed for vertical devolution to states to be at least half of the divisible pool. All non-tax revenues of the Centre too should be included in the divisible pool. “Economically advanced states are committed to supporting poorer states, but this should not come at the expense of their own residents or economic efficiency. A larger proportion of resources generated by the states should be shared with them.”

GIFT city international financial services centre to have a lower public float of 10%. Companies listed on local exchanges are mandated to maintain a minimum public shareholding of 25%. The government issued a notification stipulating a lower public shareholding requirement for companies listing on stock exchanges at the International Financial Services Centre (IFSC)-a deemed foreign jurisdiction-a move aimed at wooing firms to list there.

Sead specializes in writing factual and informative articles to help the public navigate the ever-changing world of crypto. He has extensive experience in the blockchain industry, where he has served...

Banks like Deutsche Bank might be spending less money on consultants this year, but consultants are not entirely obsolete. Goldman Sachs alone imparted $777m on «professional fees» in the first half of 2024. Citi still loves consultants, too, even though McKinsey & Co's work on Citi's data issues doesn't seem to have resolved much.

₹47.3 trillion of bonds outstanding as of March 2024, the corporate bond market enjoys less than 20% share of the wider bond market. With government issuances continuing to dominate, a tentative corporate bond market directly impacts private sector’s propensity for investment.

Crypto All-Stars ($STARS) continues to hit big, having already raised over $770,000 in capital through fundraising efforts.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Last year wasn't the best year for bonuses at Deutsche Bank. Across the bank as a whole, the bonus pool was down nearly 9% and the average bonus was at its lowest since 2012. Amidst the squeeze, Deutsche Bank's New York-based equity researchers claim to have been punished: one research insider says some bonuses were just 10% of salaries. 

Singapore — WEEX Exchange, a top-tier cryptocurrency exchange known for pushing the boundaries of digital asset innovation, proudly presents the latest chapter in its WEEX WE-Launch series: the launch of Bad Idea AI (BAD). This exciting event offers participants the chance to engage with one of the most provocative projects in the crypto space, featuring an 840,000,000,000 BAD token airdrop and a “Share 2 Earn” campaign with a 2,000 USDT prize pool.