Provident Financial News

Ripple has bought the Fortress Blockchain Technologies subsidiary for an undisclosed sum.Through its technology and licensing, Fortress Trust provides infrastructure to address the growing enterprise crypto market.

By Jamie McGeever

V Anantha Nageswaran has said. The Indian G20 presidency has significantly added momentum and direction to future work in a number of critical areas, he told Deepshikha Sikarwar in an interview.

By Jihed Abidellaoui, Alexander Cornwell and Ahmed Eljechtimi

The Western Australian tourism minister wants new Qantas boss Vanessa Hudson to sort out a long-running dispute with Perth Airport over when the airline’s flights will move to a new central terminal.

Worries about gas shortages on the east coast could resurface this week as producers publish forecasts for the volume of uncommitted gas they have available over the next two years, with expectations they will expose a potential scarcity of supply.

Russia needs to replenish its supplies of ammunition for what could be a long war of attrition after a year and a half of fighting in Ukraine

New Delhi: India will evaluate the recommendations made in a paper authored by the International Monetary Fund (IMF) and the G20’s risk watchdog, the Financial Stability Board (FSB), outlining a roadmap for regulating crypto assets and integrating digital assets into digital financial systems before deciding its stance, Ajay Seth, secretary of the department of economic affairs, said. On the sidelines of the G20 summit on Sunday, Seth said the leaders have endorsed the required regulations, oversight and supervision for unbacked crypto assets.

greenhouse gas emissions, to meet Paris Agreement goals but doesn’t explicitly lay down as to how they would do it. One of the critical aspects of the declaration, however, is that it underlines the principles of common but differentiated responsibilities (CBDR) in mitigation efforts, and also of different national circumstances that can be useful to the countries of the Global South ahead of the UN Climate Meeting (COP28) in Dubai in November.

Europe-West Asia-India transit corridor reinforces Europe's shift away from Russian energy sources in favour of supply from the Persian Gulf, a part of which is processed in India for re-export. The corridor also establishes an alternative to the Suez Canal, which is emerging as a choke point for just-in-time global supply chains.

By Brenda Goh

trans-Atlantic alliance is taking shape. It is building on India's bilateral ties with the US on end of the pond, and with France on the other.

Motilal Oswal Financial Services (MOFSL) has acquired an entire standalone commercial tower with 12 upper floors spread over nearly 1,10,000 sq ft in the financial hub of Ahmedabad from Claris Life Sciences to support its growth and expansion plan. The property spread over 0.56 acres will house Motilal Oswal Tower, which is the company's third such property after its independent commercial towers in Mumbai and Bengaluru. The company has acquired the brownfield project on Ahmedabad's Sindhu Bhavan Road in bare shell condition. The financial services major will now take the construction ahead and expects to complete the project latest by September 2024. «We have our offices spread over various locations in Gujarat,» Motilal Oswal, group MD & CEO, Motilal Oswal Financial Services, told ET.

Supreme Court has dismissed a PIL seeking cancellation of Centre's decision of September 15, 2021 to grant relief to the stressed telecom sector from paying statutory dues, saying these are all matters of policy and decision-making is on the basis of experts' opinion. In a breather to telecom service providers struggling to pay Rs 93,520 crore of Adjusted Gross Revenue (AGR) related dues, the top court on September 1, 2020 gave them a 10-year period to clear their outstanding amount to the government. A bench of Justices B V Nagarathna and Ujjal Bhuyan said that no doubt, the apex court by its judgment had issued certain directions with regard to the telecom sector but in the backdrop of the COVID-19 challenges, with huge surge in data consumption, online education, work from home, etc., reform measures were found necessary to boost the proliferation and penetration of broadband and telecom connectivity. «In our view, these are all matters of policy and decision-making which is on the basis of experts' opinion and on emerging situations and exigencies, to be made in the interest of the welfare of the people of India having serious technical and financial implications and, therefore, have to be in public interest. »Hence, we do not think such Cabinet decisions could be lightly interfered with by a Court of law in the absence of there being any particulars or materials brought to the notice of the Court assailing the Cabinet decisions, as being unconstitutional or arbitrary in nature or contrary to law," the bench said.

If a developer constructs a commercial building and sells it before obtaining an occupancy certificate, they may be eligible to claim credit, provided they pay the output GST on the sale transaction. However, if the developer uses the building for leasing, such an ITC is not available for set-off. «This impacts the overall business as this increases the cost of construction, thereby increasing rentals. Multiple representations have been sent to the government, but developers have yet to get any relief.

Sitharaman and I are coming together today for an Economic and Financial Dialogue (EFD), the 12th meeting of its kind. Since 2007, our predecessors have been using these unique opportunities to make key decisions that will advance bilateral trade, investment and collaboration between the British and Indian economies. Trade between our two countries has more than doubled in this time. As ever, there’s a lot to discuss — from infrastructure to pensions and to reaching climate and sustainability ambitions.

The creation of a working group on women empowerment under India's G20 presidency will address the issue of low female labour force participation, says Richard Samans, the G20 Sherpa of the International Labour Organisation. In an interview with Yogima Seth Sharma, he says multilateral institutions should help India build capacities to provide decent work and social protection to its workers. Edited excerpts:Countries world over are fixing wage standards and standards for working conditions for their trading partners. How do you see this impacting the workforce in India and elsewhere? This has been a long-standing controversial issue in the international trade regime.

₹15,000 each as toolkit incentives through e-vouchers or eRUPI, apart from collateral free enterprise development loans at concessional rate of interest. Further, the artisans would also get an incentive of ₹1 per transaction for maximum of 100 transactions per month, showed a presentation prepared by the MSME ministry. The artisans would have to go through a skill verification phase followed by a five-day training session.

Naveen Patnaik skipped the G20 dinner hosted by President Droupadi Murmu, the opposition BJP on Sunday claimed that «inferiority complex» led him to take that decision. The state government did not provide any reason behind Patnaik's absence in Saturday's event. «The CM's move has raised many questions. Patnaik appeared to have been guided by an inferiority complex,» veteran BJP leader and Leader of Opposition in Odisha Assembly, Jaynarayan Mishra, said. Mishra said Patnaik did not attend the event despite being invited by President Droupadi Muru whom the BJD chief had referred to as «sister» during the Presidential elections. «The CM must know the reason.

Bengaluru Bandh News: The Federation of the Karnataka State Private Transport Association has called a bandh on Monday, 11 September, which means all private commercial vehicles plying in Karnataka's capital city will cease services on Monday. The Bengaluru Bandh begins on Sunday Midnight and will continue till Monday midnight. According to media reports, some private schools in the city have declared a holiday on Monday.

trade deal. India’s ambassador in London, Vikram Doraiswami, went public recently to pacify UK’s anti-immigration lobbies (tied umbilically to the Rishi Sunak government) and to re-emphasize nuances in India’s demand for visas, intended to serve as a placatory gesture. Doraiswami’s statement raises concerns whether India is walking back from its stated position on movement of professionals, which is now part of the New Delhi G20 Declaration also, in its eagerness to conclude the trade deal.