Prevention Financial News

bail to Yes Bank cofounder Rana Kapoor in a money-laundering case linked to alleged financial irregularities at the bank. He, however, would not walk out of jail at present as he has not been granted bail in a related case registered by the Central Bureau of Investigation. Kapoor, 65, former MD and CEO of the private bank, was arrested by the Enforcement Directorate (ED) under the Prevention of Money Laundering Act (PMLA) in March 2020.

The EUR/USD pair has been struggling but still largely edging higher in recent times, as it looks to finish the month and year in positive territory.

PRAGUE (Reuters) -The Czech National Bank (CNB) started an interest rate-easing cycle on Thursday with a 25 basis-point reduction that puts the main repo rate at 6.75%, the first cut in more than three years amid a backdrop of slowing inflation and a sagging economy.

Brahmaputra Board, Ministry of Jal Shakti, Government of India, have developed an indigenous river model BRAHMA-2D (Braided River Aid: Hydro-Morphological Analyzer). This comprehensive mathematical model can help to understand flow of large braided rivers like Brahmaputra, providing valuable insights to field engineers to design sustainable hydraulic structures like Spurs, Revetment and other river bank protection measures.

Amitabh Mohanty, MD and CEO of JM Financial Asset Management Ltd. In an interview with Mint, Mohanty shared his views on the Indian market and mid and small-cap space. Edited excerpts: It may not necessarily be a simple vote on account.

The Federal Deposit Insurance Corporation (FDIC) has recently implemented a new rule governing the use of its official signs and advertising, potentially influencing public perception of certain crypto firms. 

Municipal governance in India seldom yields positive news, making the recent Mint report about the Jharkhand government potentially allowing Tata Steel a role in Jamshedpur city's administration a refreshing change. By adding a staggering 270 million people to its current population of over 500 million in just 15 years, India faces a daunting growth prospect, often viewed with apprehension. A key issue in these burgeoning cities is the lack of effective administration to meet current demands and future planning.

rupee settled at 83.17 against the dollar. Lower greenback index weighed in favour of the local currency amid rising concerns over disruption in global trade through the Red Sea route, forex traders said. (Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) “Rupee is likely to appreciate today amid weak dollar, decline in US treasury yields across the curve and softening of crude oil prices.

Ratan Tata receives threat call, Mumbai Police tracks down suspect According to the order, it is likely that terrorist or anti-national elements might make use of drones, remote-controlled microlight aircraft, and paragliders to target VVIPs and endanger the life of the public at large, destroy public property and disturb law and order in the metropolis. The police have issued an order banning the flying of such objects except for aerial surveillance by cops or under specific permission in writing by the deputy commissioner of police (operations).

RBI) had intervened “excessively" in the foreign exchange market to influence the rupee’s value. The Fund argued that from December 2022 to October 2023, our currency’s movement was “too restricted" (it traded between ₹80.88 and ₹83.42 to the US dollar). This narrow trading range, it says, was not a reflection of any improvement in our external position, as the Reserve Bank of India (RBI) reportedly said in its rebuttal, but the result of excessive RBI intervention “beyond what was required to manage market conditions." As a result, pursuant to its Article IV review, the Fund has reclassified India’s exchange-rate regime from “floating" to a “stabilized arrangement" for that period.

There has been a substantial advancement in quantum computing, which was disclosed by a group of researchers from Harvard University, in conjunction with QuEra Computing Inc., the University of Maryland, and the Massachusetts Institute of Technology. The Defense Advanced Research Projects Agency (DARPA) of the United States of America has provided funding for the development of a one-of-a-kind processor that has been designed with the intention of overcoming two of the most major problems in the field: noise and mistakes.

Hardware wallet provider Ledger has announced its intention to reimburse victims for the approximately $600,000 in assets lost due to the recent ConnectKit exploit.

Amnesty International India Pvt Ltd (AIIPL), its former executive director Aakar Patel, and six other individuals and entities before a special court, people in the know said. The agency — which had booked the human rights NGO and the rest of the accused for alleged Foreign Contribution Regulation Act (FCRA) violations by committing irregularities in foreign funding in 2019 — has completed its probe in the case, it is reliably learnt. In July this year, the CBI had given an assurance to the special court that it would file its «final report» by October.

President Droupadi Murmu and Prime Minister Narendra Modi expressed their anguish and strongly condemned the mimicry by an Opposition MP of the Rajya Sabha Chairman Jagdeep Dhankhar. The prime minister called Dhankhar on Wednesday morning to express his support. Dhankhar shared details of the phone call from the prime minister on his social media handle. «Received a telephone call from Prime Minister Narendra Modi.

IDBI Bank, Shipping Corp. of India Ltd, BEML Ltd and Container Corp. of India Ltd.

RBI) cautioned against the evergreening of loans. In its supervisory role, RBI had noticed innovative methods adopted by certain banks to conceal the true stressed nature of loans. For instance, two banks might get into an arrangement of sale and buyback of troubled loans from each other to erase the history of a stressed loan and start afresh.

India has a long way to go before it achieve its commitment of eliminating child labour in the country by 2025, a parliamentary panel said, suggesting a need for a uniform definition of ‘child’ under various laws. “The implementation of the policy has to go a long way for achieving the objective of elimination of child labour as per commitments made by the county after ratification of ILO conventions and to achieve the target stipulated in Sustainable Development Goal 8.7 to end all forms of child labour by 2025,” the parliamentary standing committee on labour said in its 52nd report tabled in the Parliament on Wednesday. Noting that different definitions of ‘child’ under various laws leads to ambiguity, the committee called for examining the discrepancies in the criteria for determination of age of child and suggested a relook at the offences as being congnizable or non-cognizable to ensure that these do not lead to any ambiguity as well as delay in justice to the aggrieved children. The Committee noted that the employment of children in contravention of the Child and Adolescent Labour (Prohibition and Regulation) Act, 1986 (CALPRA) Act is a cognizable offence, whereas under the Juvenile Justice (Care and Protection of Children) Act, 2015, it is a non-cognizable offence. The Committee also proposed setting up of a National Level Child Tracking Mechanism to facilitate coordination among the states and the centre in such a way that the monitoring at district level is reported to states and from there to centre by digital mode through coordinated efforts of all concerned so as to facilitate prevention, tracing, tracking, rescue, rehabilitation and reintegration of the rescued children.

Doctors in the early stages of their careers in England have started a 72-hour strike in their long-running dispute over pay levels

Toyota Motor Corp. says its subsidiary Daihatsu will suspend shipments of all its vehicles in and outside Japan in a damaging safety scandal after an investigation found improper testing involving 64 models

Parents of children who posted sky-high blood lead levels after eating potentially tainted apple cinnamon fruit puree pouches are worried about their kids' futures

Three of the world’s biggest porn websites face new requirements in the European Union that include verifying the ages of users