Reports Financial News

Govt mulls legal action against Hero Electric, Okinawa, Benling for alleged FAME subsidy fraud. CBI, ED to probe Citing US government emails, the Reuters report stated despite bonhomie that is displayed by both sides in the public, US officials were upset about the Indian laptop licensing policy came "out of the blue", without notice or consultation and was “incredibly problematic" for the business climate.

AFP quoted a provincial official as saying. According to the report, no one has claimed responsibility for the suicide bombing. Meanwhile, Taliban officials have confirmed that multiple explosions have been reported since the start of the holy month of Ramadan on 11 March, added the report.

Election Commission of India (ECI) has asked the ministry of electronics and information technology to ensure that no messages regarding the Viksit Bharat Model are delivered to the WhatsApp numbers of users from today keeping in view the ongoing model code of conduct (MCC) before the 18th general elections, scheduled to take place between April and June. “The Commission has received complaints from various quarters that such messages are still being delivered on citizens' phones. Since the MCC is now in force, you are hereby directed to ensure forthwith that no further delivery of 'WhatsApp messages' take place during MCC period. A compliance report in this regard may be sent immediately,” the ECI letter to the IT ministry said.

European shares scaled to record-high levels on Thursday, boosted by basic resources-linked stocks and a strong risk appetite, while traders await a raft of economic data from the euro zone and the United States. The pan-European STOXX 600 index was up 0.8% at 509.96, as of 0818 GMT.

IPL 2024 will witness another significant change in playing conditions, as bowlers will now be permitted to deliver two bouncers per over. This alteration aims to create a more balanced contest between bat and ball. The decision to implement this change was influenced by its successful trial during the 2023-24 Syed Mushtaq Ali Trophy, India's domestic T20 tournament.

FICCI and banking association Indian Banks' Association (IBA) found. A nonperforming asset refers to loans or advances that are on the brink of default. According to the survey, a large majority (77 per cent) of the respondent banks reported a decrease in the NPA levels in the last six months.

Power Finance Corp., seeking to raise as much as 200 billion rupees ($2.4 billion), people familiar with the matter told Bloomberg. Also Read | JSW Infrastructure acquires Shapoorji Pallonji Group’s stake in PNP port The group, controlled by Indian billionaire Shapoor Mistry, has reached out to Power Finance for up to 150 billion rupees, the largest chunk in the planned fundraising, the people said, asking not to be identified because the details are private. Negotiations are ongoing and details of the lending could change, they told Bloomberg.

Rahul Gandhi on Thursday slammed the Bharatiya Janata Party (BJP)-led Centre and said that Congress bank accounts are frozen, hindering campaign work and support to workers and candidates. Rahul Gandhi termed this “criminal action done on Congress by Prime Minister Narendra Modi and Union Home Minister Amit Shah." As reported by ANI, Rahul Gandhi said during a press conference in New Delhi, “The idea that India is a democracy is a lie. There is no democracy in India today.

ICICI Bank maintains its status as a preferred choice for investors and analysts alike, thanks to its strong fundamentals, robust growth prospects, and adept management. Let's take a look at the fundamental and technical outlook for the stock in the long term. Why is it still a good buy? Here's what experts say.

Bankrupt crypto lender Celsius has begun demanding customers who made major withdrawals in the three months preceding its bankruptcy to return their funds or face legal action.

Tata Elxsi Ltd. traded 1.13 per cent up in Thursday's trade at 01:24PM (IST). Around 7,311 shares changed hands on the counter. The stock opened at Rs 7649.85 and touched an intraday high and low of Rs 7667.05 and Rs 7591.3, respectively, in the session so far. The stock of Tata Elxsi Ltd. quoted a 52-week high of Rs 9191.1 and a 52-week low of Rs 5883.05.

ITAT), Mumbai bench, a taxpayer Mukesh Harilal Mehta had claimed section 54 deduction under the Income-tax Act, 1961 in his Income-tax (I-T) return for the financial year 2014-15. The tax tribunal ruled that this assertion cannot be refuted due to an error made by the builder in assigning the apartment. The builder mistakenly allocated the apartment purchased by the claimant to another buyer. However, acknowledging this mistake, the builder assigned a similarly positioned apartment in the same building to Mehta, according to a Times of India news report. Click here for your complete tax-saving guide Mehta fulfilled all the necessary conditions. However, during assessment, the Income Tax (I-T) officer rejected the claim, citing the absence of a registered sale deed as evidence for the purchase of the new flat, stated ToI. Moreover, the particulars of the new flat stated in the possession letter differed from the one towards which payment had been made. The Income Tax Appellate Tribunal concluded that denying the exemption was unwarranted since Mehta shouldn't be penalized for the builder's error in allotting the flat, stated the ToI news report.

Jubilant Foodworks Ltd. gained 0.57 per cent to Rs 446.15 in Thursday's trade as of 01:29PM (IST). The stock hit a high price of Rs 448.4 and low of Rs 444.0 during the session. The return on equity (ROE) for the stock stood at 17.33 per cent. Traded volume on the counter stood at 01:29PM shares and turnover at Rs 1.56 crore around that time. The stock of Jubilant Foodworks Ltd. quoted a 52-week high price of Rs 586.35 and 52-week low prices of Rs 420.35, respectively.

Sweden’s Riksbank has released its final report on its central bank digital currency (CBDC), the e-Krona, which focused on offline payments.

Shriram Finance Ltd. fell 0.42 per cent to Rs 2305.0 in Thursday's trade as of 01:14PM (IST) even as the benchmark Nifty ruled at 22005.55, up 166.46 points. The scrip had closed at Rs 2314.85 in the previous session. The stock quoted a 52-week low of Rs 1202.8 and a high of Rs 2535.0. The company quoted a market-cap of Rs 86411.27 crore on the BSE.

Shree Cements Ltd. traded 1.62 per cent up in Thursday's trade at 01:19PM (IST). Around 247 shares changed hands on the counter. The scrip opened at Rs 25030.55 and touched an intraday high and low of Rs 25395.0 and Rs 24945.65, respectively, in the session so far. Shares of the company of Shree Cements Ltd. quoted a 52-week high of Rs 30710.15 and a 52-week low of Rs 22601.3.

Badaun double murder case, Uttar Pradesh Police today arrested Javed, the second accused, from Bareilly on Thursday. As per reports, Javed surrendered before the police. Javed had been evading law enforcement since the tragic incident on Tuesday evening, where two children lost their lives. His brother, Sajid, identified as the primary suspect, faced fatal consequences as he was confronted by the police in an encounter merely two hours after the crime occurred. Confirming the arrest, IG Bareilly range R K Singh stated, «Javed was arrested on Thursday.» In a video recorded subsequent to his arrest, Javed expressed, «I ran straight to Delhi after the incident, and from there, I have come to Bareilly to surrender. I have received phone calls from people about what my brother did.» He maintained that he had no knowledge of his brother's motives behind the heinous act and asserted that he fled out of concern for his own safety.

Hong Kong’s central bank cautioned the public Wednesday about schemes falsely claiming association with its e-HKD pilot projects. The warning comes as Hong Kong explores the potential of a central bank digital currency through various trial projects.

Cholamandalam Investment & Finance Company Ltd. gained 0.6 per cent to Rs 1050.45 at 12:38PM (IST) in Thursday's trade. The counter has hit a high of Rs 1059.75 and low of Rs 1048.8 so far during the session. The stock had closed at Rs 1044.1 in the previous session. The counter has had a total traded volume of 9012 shares so far with a value of Rs 0.96 crore on the NSE. It traded at a price-to-earnings multiple of 27.48 and a price-to-book ratio of 4.37.

credit report rectified is important to maintain your financial health. For example, outstanding bill of one credit card may be reflected in your credit report, while the credit card was not issued in your name. So, you must request the correction to be made by submitting the necessary documents.

credit score problems. Being aware of these signs can help you take proactive steps to address any issues before they significantly impact your credit score. For instance, Ajay Sharma, a 32-old-year dentist, never misses his credit card or loan repayment.