Pool Financial News

By Hadeel Al Sayegh and Anousha Sakoui

Royal Bank of Canada is seeking to settle Ontario Securities Commission allegations that the bank did not properly record or disclose costs related to internal development of software.

NEW DELHI : The government plans to offload a quarter of a million tonnes of wheat into the country’s vast food distribution system and offer cut-price whole wheat flour made from it in the run-up to the last festival season of its term. Under the plan, the Centre will slash the price of its Bharat Atta brand to ₹27.50 per kg from the existing ₹29.50 a kg, a senior government official said.

The Biden administration has singled out annuities in the DOL’s proposed fiduciary rule, and the stakes are high for independent insurance agents.

New Zealand have called Kyle Jamieson into their World Cup squad as cover while fellow pace bowler Matt Henry awaits the results of a scan on a hamstring injury. Jamieson, previously with the squad in India as cover for Tim Southee, will arrive in Bengaluru late on Thursday ahead of Saturday's pool game against Pakistan. New Zealand coach Gary Stead said that with Henry awaiting the results of a scan on his right hamstring and fast bowler Lockie Ferguson recovering from an Achilles injury, the Black Caps had to summon cover. They have two group games remaining and a place in the semi-finals still up for grabs. «The severity of Matt's injury, combined with a short turnaround to Pakistan, meant we couldn't risk being a bowler down for Saturday,» Stead said on Thursday. «Matt's been a world-class performer for us in ODI cricket for the past two World Cup cycles so we've got our fingers crossed for the scan results later today,» he added. Stead was confident it would not take long for the towering 28-year-old Jamieson, who has taken 14 wickets in 13 ODIs, to re-adjust to Indian conditions. «Kyle's on his way over as we speak and we look forward to welcoming him back into the group,» he said. Stead added: «He'll likely train with us on Friday with a mind to being available for Saturday's game.» New Zealand have been beset by injuries with star batsman Kane Williamson (thumb) and all-rounder Mark Chapman (thigh) both currently sidelined. The 2019 World Cup finalists endured a 190-run thrashing by South Africa on Thursday, with Henry breaking down midway through his sixth over. Their third defeat of this World Cup meant New Zealand slipped to fourth in the 10-team table with eight points, two ahead of Pakistan as

retirement planning? Before you assent to any marriage proposal, you must assess the mindset of your prospective partner regarding finances. It is important to check if the money styles of partners meet to ensure that marital bliss is not marred by fear of financial insecurity. Couples employ various strategies to manage their finances, and these strategies typically fall into one of three categories: Separate accounts: In this approach, each partner maintains their individual income and expenses separately.

SURF Reward is a new crypto project that aims to pay users for the time they spend looking at ads online. It envisions a more fair world where everyone can earn $SURF tokens for their attention instead of sending ad revenue exclusively to webmasters.

Bitget, a renowned cryptocurrency derivatives and copy trading platform, celebrated the triumphant teams of its Under 30 Virtual Hackathon on October 16, 2023. This venture is a part of the Blockchain4Youth CSR program aimed at fostering young talents in AI and blockchain technology. The hackathon commenced on August 12 and concluded on September 24, 2023, spotlighting remarkable innovations in AI and blockchain arenas.

Bank of India (India Exim Bank) has listed its maiden 10-year $1billion sustainability bond on the Sustainable Bond Market (SBM) platform at the London Stock Exchange (LSE), the development finance institution said in a statement on Wednesday. Sustainability bonds are issues where proceeds are used to finance a combination of green and social projects.

Jordan Andrade allegedly stabbed Varun in the head at a Planet Fitness massage room. Andrade was detained following the incident in the gym itself. Valparaiso police were alerted by fellow gym members at the local Planet Fitness club on Strongbow Center Drive when they discovered Varun injured in a massage chair around 9 am on a Sunday.

Larsen and Toubro (L&T) is following in the footsteps of other Indian conglomerates like Vedanta and Tata Group, foraying into fabless semiconductor chip design. The company plans to invest Rs 830 crore through a wholly-owned subsidiary which will be engaged in the business of fabless semiconductor chip design for the automotive as well as industrial sector. L&T chief financial officer, R Shankar Raman tells Kalpana Pathak and Romita Majumdar, that as part of the company's strategic plan, it has always been looking for alternate sources of business for future.

The Gig Economy and the Contractor Revolution As the Indian economy continues to grow, companies across all sectorsare aware thatone of the ways that they can scale and compete is to have a talented, cost-effective workforce. And the most innovative companies know that this workforce does not need to be confined within their city, or even borders. This global perspective has become one ofIndia's top business priorities: establishing a cost-effective, skilled workforce that spans different countries.

Securities Exchange Board of India (Sebi) has recently revised a manner of achieving minimum public unitholding requirements for infrastructure investment trusts (InvITs). There are already nine different methods to achieve minimum public unitholding requirement for infra investment trusts which were prescribed in a master circular dated July 6, 2023. In addition to these methods, the markets regulator has recently added one more method for privately placed InvITs in order to achieve minimum public unitholding requirement.

Infibeam Avenues has acquired an entire ground plus 10-storey commercial tower, which was being developed by textile manufacturer Sintex Group as its headquarters in Ahmedabad, for Rs 90 crore, said persons with direct knowledge of the development. In March, Reliance Industries completed its Rs 3,567-crore acquisition of Sintex Industries, exactly a year after banks had approved the acquisition and a month after the National Company Law Tribunal (NCLT) approved the transaction. This under-construction office tower with 400,000 sq ft space being built on 1.7 acres was not part of the resolution as one of the lenders had already taken charge of the property to recover its dues even before the resolution process had started. “The non-banking finance company (NBFC) had taken over the ownership of the property through a trust called Aavas Trust that decided to divest the property on an ‘as is where is basis’ through Swiss auction method,” said one of the persons mentioned above. International property consultant JLL as the exclusive transaction advisor had invited bids for the property with a base price of Rs 76.5 crore. After receiving bids from a few interested parties, the under-construction property on a freehold land parcel at Ahmedabad’s Vaishnodevi Circle was sold to the highest bidder, Infibeam Avenues, and the deal was registered on Monday. ET’s separate email queries to Infibeam Avenues, Sintex Industries, and transaction advisor JLL India remained unanswered until the time of going to press. Infibeam Avenues is expected to complete the construction of the newly-acquired commercial tower.

Punjab National Bank (PNB), Union Bank of India and Central Bank of India are among those looking for consultants. Although banks have their internal cadres, some of these specialized roles require domain expertise that is not always readily available within the workforce. These roles include chief technology officer, chief financial officer, chief risk officer, chief digital officer, chief information security officer and chief economic adviser.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com .

Reserve Bank of India (RBI) on Tuesday issued regulations aimed at governing entities that facilitate payment and settlement for online cross-border export/import transactions. These regulations encompass Payment Aggregators (PAs), which are entities that support the processing of domestic transactions in online mode. The central bank's regulations aim to bring all entities involved in facilitating cross-border payment transactions for the import and export of goods and services under direct RBI regulation, considering the developments in cross-border payments.

Decentralized finance (DeFi) protocol Platypus has made significant strides in recovering assets stolen in a recent exploit. On 17 October 2023, the protocol announced via its Twitter handle, Platypusdefi, that it had successfully negotiated with the exploiter and recovered 90% of the funds siphoned off from the sAVAX pool during an exploit on 12 October 2023. The recovery reduced the net loss to approximately 18,000 AVAX. The announcement came as a relief to the Platypus community, who had been on tenterhooks since the exploit occurred.

A recent research report by Anarock has indicated a remarkable upswing in luxury housing sales, particularly in Delhi-NCR. The report highlights a surge in the sale of luxury homes worth Rs 1.5 crore and above, showcasing the growing popularity of opulent living spaces. The remarkable surge in the sales of luxury homes reflects the strengthened real estate sector in Delhi-NCR.

M3 family of chips, represents a significant leap in graphics architecture for their silicon, claims Apple. As per the company, this GPU features Dynamic Caching, a technology that allocates local memory in real time, using just the precise amount of memory required for each task. This boosts GPU utilization and enhances performance for demanding professional applications and games, transparent to developers.

Padma Awards nominations, 2023 has witnessed a drop with the registered nominations at less than 1 lakh. The number of Padma Awards entries was 4.85 lakh in 2022. Officials attributed the rise in numbers to Covid-19 and the government's initiative to popularise them as People's Padma. And as life is moving back to normal, this year the number has dropped significantly. For 2023, as many as 106 distinguished individuals were named for Padma Vibhushan, Padma Bhusan and Padma Shri which included former UP CM and Samajwadi Party chief late Mulayam Singh Yadav and former external affairs minister SM Krishna. The nominations for Padma Awards for 2024 closed on September 15 after which the entries were scrutinised and now a committee headed by Union cabinet secretary Rajiv Gauba will discuss the nominations with the panel. The awards are announced on January 26, every year.