President Financial News

A TikTok spokesman is criticizing Congress for being too secretive as it advances a proposal that could lead to a nationwide ban of the popular video app

The U.K. government says it will back legislation banning foreign state ownership of British newspapers and magazines, a move that could upend a planned takeover by a United Arab Emirates consortium of the Telegraph Media Group

The head of the U.N. atomic agency has observed firsthand the Fukushima Daiichi nuclear power plant’s ongoing radioactive wastewater discharges for the first time since the contentious program began six months ago

Argentina’s inflation slowed down for a second consecutive month in February, as right-wing President Javier Milei continues to push austerity and deregulation measures in an effort to revive the country’s struggling economy

European Union lawmakers have given final approval to the 27-nation bloc’s artificial intelligence law

Also Read: SBI electoral bonds data submitted to Election Commission a day after Supreme Court rebuke “In compliance of the Hon'ble Supreme Court's directions to the SBI, contained in its order dated Feb 15 & March 11, 2024 (in the matter of WPC NO.880 of 2017), data on electoral bonds has been supplied by the State Bank of India to the Election Commission of India, today, March 12, 2024," the poll panel had said. Also Read: SC Bar Association writes to President Murmu, says ‘if donors are singled out …’ The SC had instructed SBI to provide information to EC following the correlation of donor data with political party affiliations.

₹1,500 crore by way of rights issue. The NBFC will also raise debt through non-convertible debentures worth ₹500 crore. Last week its largest shareholder Fairfax India, with a shareholding of 15.1%, had pledged to invest $200 million as liquidity support to bolster confidence among investors and other stakeholders.

Chirag Paswan on Wednesday said that his party has agreed to a seat-sharing formula with the Bharatiya Janata Party (BJP) for the Lok Sabha elections in Bihar and the formal announcement of the same will be made in due course. Taking to microblogging site X (formerly known as Twitter) after meeting BJP national president JP Nadda, the LJP president wrote," As a member of the NDA, today in a meeting with BJP National President Hon Shri @jpnadda ji, we have together finalised the seat sharing in Bihar for the ensuing Lok Sabha polls.

By Mike Dolan

US House of Representatives overwhelmingly approved a bill on Wednesday that would force TikTok to divest from its Chinese owner or get banned from the United States. The lawmakers voted 352 in favor of the proposed law and 65 against, in a rare moment of bipartisan unity in politically divided Washington.

Karnataka naming candidates for 20 constituencies. Former chief minister Basavaraj Bommai, who represents Shiggaon in the assembly, will contest from Haveri, which is also his native district. The party has dropped former union minister DV Sadananda Gowda (Bengaluru North), Pratap Simha (Mysuru), Sanganna Karadi (Koppal), Nalinkumar Kateel (Dakshina Kannada) and GM Siddeshwara (Davanagere) while making some changes.

simultaneous polls headed by former president Ram Nath Kovind is likely to submit its report on 'one nation, one election' on Thursday, it is learnt. Though there was no official word yet, sources said the report could be submitted to President Droupadi Murmu. The panel may recommend amending at last five articles of the Constitution to enable holding of simultaneous polls in the country. The proposed report would also focus on having a singular electoral roll for holding Lok Sabha, state assembly and local body polls.

Payne Capital Management President Ryan Payne weighs in on the U.S. economy, arguing that purchasing power will continue to ‘strengthen’ for the American people.

MUMBAI : Tile manufacturers have warned that the recent gas price cuts by city gas distribution (CGD) companies like Mahanagar Gas Ltd, Indraprastha Gas Ltd and Gujarat Gas Ltd are unlikely to result into significant margin gains for them. Gas accounts for a significant portion of the overall expenses for tile makers. So, lower gas prices should be a reprieve for tile manufacturers such as Kajaria Ceramics and Somany Ceramics, which use it to fuel their kilns.

Maharashtra cabinet on Wednesday, March 13, approved the renaming of Ahmednagar district as Ahilya Nagar district. On the birth anniversary of Ahilya Bai Holkar on May 31 last year, Maharashtra Chief Minister Eknath Shinde had announced that the state government will rename its historic district to honour the revered figure. Maharashtra's Deputy CM Devendra Fadnavis had then said that Kashi wouldn’t have remained, had Ahilya Bai Holkar not been there.

European Central Bank will lower borrowing costs in the spring, with June more likely than April for a first move, Bank of France Governor Francois Villeroy de Galhau said. “We will probably cut rates in spring, and spring in Europe is from April to June 21," Villeroy said on France Info radio.

gross negligence on the part of the auditors" of the now-crippled edutech firm Byju's, said its president Ranjeet Kumar Agarwal on Wednesday. Besides, the top official also said the accounting body is also planning to inspect the books of payments major Paytm. «Our inspection has found gross negligence on accounting practices by individual auditors of Byju's and accordingly we have recommended to the Financial Reporting Review Board (FRRB) to take punitive actions on auditors concerned,» Ranjeet Kumar Agarwal, the president of the Institute of Chartered Accountants of India (ICAI), told PTI here. When asked whether the ICAI will inspect the books of the payments major Paytm group now, he said, «As we have taken a suo moto decision to look into the role of the auditors of Byju's, we are now thinking about looking to the role of the auditors of the payments major Paytm now».

MLA Manoranjan Talukdar will contest from the Barpeta Lok Sabha seat, for which the grand old party has announced its candidate. Addressing a press conference here, CPI(M) Assam State Secretary Suprakash Talukdar said the party has decided to field its veteran leader and legislator Talukdar from the Barpeta seat. The MLA currently represents the Sorbhog assembly constituency, which falls under the Barpeta Lok Sabha seat. «For the greater interest of the people, we appeal to Congress to withdraw its candidate from Barpeta. We appeal to everyone to vote for the strongest anti-BJP candidate and make him win», the CPI(M) state secretary said.

Prime Minister Narendra Modi said on Wednesday that people from disadvantaged sections like SCs, STs and OBCs are the biggest beneficiaries of his government's welfare schemes as he accused the previous Congress dispensations of neglecting them and never appreciating their role in the country's progress. Speaking at the launch of the PM-SURAJ national portal, he cited the election of Ram Nath Kovind and Droupadi Murumu, who come from Dalit and tribal communities respectively, as president to assert that the BJP's efforts to ensure that those from deprived sections reach top positions will continue. The opposition made every effort to ensure their defeat, he said. Taking a swipe at the Opposition, Prime Minister Modi asked the gathering that consisted of people from disadvantaged groups, «How can anyone say I have no family when I have brothers and sisters like you?»

By Guy Faulconbridge and Lidia Kelly

BSE, merely 89 shares marked their 52-week high. Also read: Stock market today: Sensex, Nifty 50 fall over 1% each; why did Indian stock market fall today? On NSE, stocks such as Sindhu Trade, Marshall Machines, GRM Overseas, Cello World, and BGR Energy, among others, hit their lowest levels in the past 52 weeks.