Reports Financial News

NEW DELHI : The Centre is planning to create a new system to identify and contain the flood of counterfeit goods in the retail market, two people aware of the development said. The surveillance system will ensure that every good sold in the retail market meets the standards for which a licence was issued, and also that only authorized products are manufactured, the people added. If deviations are noticed, manufacturers’ licences may be cancelled, and they may also have to pay hefty penalties.

right to abortion in its constitution, a historic move heavily criticized by anti-abortion groups. Senators and MPs supported the move by 780 votes against 72 in a special joint vote of the two houses of parliament. Monday's vote enshrined in Article 34 of the French constitution that "the law determines the conditions in which a woman has the guaranteed freedom to have recourse to an abortion".

Bonus shares, stock split: Shares of Capri Global Capital Limited, a diversified non-banking financial company, will be in focus when the stock market opens on Tuesday (March 05). The Board of Directors of the company has declared a stock split and a bonus issue for the eligible shareholders. The company has declared a stock split in the ratio of 1: 2 that means from one ₹2 per equity share into two equity shares of ₹1 each, and a bonus issue in the ratio of 1:1.

Tata Motors, Park Hotels, Platinum Industries, Exicom Tele Systems, IIFL Finance among others will be in focus due to various news developments. Tata Motors Tata Motors announced that it will demerge its business into two separate listed entities housing commercial vehicles and passenger vehicles businesses.

Elon Musk last Thursday filed a lawsuit against ChatGPT maker OpenAI – a company he helped to found – and its chief executive Sam Altman. What’s behind the sparring? ET explains. What does Musk’s lawsuit say?

measles continues its slow spread across communities in the country, health officials are urging Canadians to stay vigilant and keep their vaccinations up-to-date.Speaking at a media conference on Monday, Health Minister Mark Holland said he is “deeply concerned” with the global measles outbreak and its potential impact on Canada.“We’re seeing a lot of illness that was almost rendered non-existent, starting to come back because of vaccine hesitancy,” Holland told reporters. “We have to depoliticize health information.

By David Shepardson

Sunshine Protection Act aims to establish daylight saving time as the permanent standard time. As of now, the Sunshine Protection Act, which proposes to establish daylight saving time as a permanent standard, has not passed a vote in the House. Consequently, clocks will still advance by one hour at 2 am on March 10, as per the report.

After-Hours Stock Movers:

After a slightly down year in 2023 for deal-making in the registered investment advisor market, the first two months of this year saw a 20 percent increase in transactions when compared to the same time a year earlier, according to DeVoe & Co., a consulting and investment banking firm for RIAs.

Rebel Moon: Part 2 — The Scargiver" will be releasing in April this year on Netflix. Fans will get more from the makers as there will be extended cut editions on the anvil, as per a report. «Rebel Moon — Part Two: The Scargiver» directed by Zack Snyder will be releasing across the world on the streaming giant on April 19. The first part was released on December 21 last year, as per a report in WhatsOnNetflix.

NARCL) has offered lenders base bids for the bad loan accounts of Hitodi Infra, Sion Panvel Tollways and Morarjee Textile with total consolidated debt of more than ₹4,000 crore. Based on binding bids from the government-backed bad bank, lenders have initiated a Swiss challenge auction for Hitodi Infra. The lenders, including Bank of Baroda, ICICI Bank, Axis Bank, Bank of India, IDBI Bank and State Bank of India, have appointed BoB Capital as the process advisor. NARCL has offered ₹465 crore for the outstanding loans of ₹2,101 crore. The lenders have asked bidders to either bid in all cash or on a cash-and-security receipt basis. NARCL buys debt under a 15:85 structure where 15% is paid in cash and 85% in security receipts. The minimum markup will be 5% of the anchor bid. The Swiss auction will be held on March 26.

Justin Timberlake is gearing up for his upcoming album "Everything I Thought It Was". The singer-actor has collaborated with ex-bandmates of NSYNC along with rapper and singer Tobe Nwigwe and Fireboy DML as he revealed the tracklist, according to a report. This will be Timberlake's first solo album in five years. Overall, «Everything I Thought It Was» is Timberlake's sixth studio album, due to be released on March 15.

Netflix's series 'Ripley' is all set to release in April. Andrew Scott will play the titular role of Tom Ripley in the series. The makers have released a trailer on Netflix. «He's a liar. It's his profession,» Netflix stated in the caption. It is based on Tom Ripley novels by Patricia Highsmith. The show is directed by Steven Zaillian and has eight episodes. Ripley also features Johnny Flynn and Dakota Fanning in pivotal roles.

Supreme Court Monday chided Tamil Nadu minister Udhayanidhi Stalin for his remarks against Sanatana Dharma. A division bench led by Justice Sanjiv Khanna verbally remarked that Stalin had abused his rights under Articles 19(1)(a) (freedom of speech and expression) and 25 (freedom of conscience and free profession, practice and propagation of religion) of the Constitution by passing such remarks. Stalin had sparked a furore last year by saying that Sanatana Dharma divides people in the name of caste and religion.

The Walking Dead: The Ones Who Live" episode 3 is set to release on Sunday, March 10, 2024, at 3 am ET on AMC+. The episode continues the riveting storyline, unveiling the aftermath of Michonne's departure from Alexandria and her quest to reunite with Rick Grimes.

Investing.com — 2024 could be a strong one for initial public offerings (IPOs), with several significant companies gearing up for their public debuts.

Asset Reconstruction Company (NARCL) has emerged as the most active player in the market for bad loans last two months following a change in leadership, said people from the banking industry. In four months, the ARC has given binding offers for eleven companies to acquire over Rs 30,000 crore of stressed loans from commercial banks, more than double the amount it acquired since it started operations two years ago. NARCL has been playing an active role after former State Bank of India managing director Diwakar Gupta took charge as its chairman in the first week of December 2023, replacing Karnam Sekar, banking industry officials said. Before this, Gupta was chairman of India Debt Resolution Company (IDRCL) — an agent for NARCL. Sekar resigned last August as chairman soon after IDRCL proposed to the finance ministry to merge NARCL with IDRCL, which did not materialise.

UPI users said they will stop using the application if transaction fees are levied on the same, said a survey of 34,000 respondents by Local Circles, a pollster on governance and public issues. UPI recorded a transaction value of over ₹16 lakh crore in February 2024, up from over ₹12 lakh crore in February last year, according to data from the National Payments Corporation of India (NPCI). The most common example of a transaction fee is the ₹20 fee by IRCTC for UPI payments. Fintech companies urged finance minister Nirmala Sitharaman to raise issues about implementing a merchant discount rate (MDR) in UPI transactions. «The MDR on UPI payments has been a long standing demand from the fintech industry, asserting they don't generate revenue from such transactions. MDR is the rate charged to a merchant for payment processing services on various payment instruments», said the report.

Anya Taylor-Joy in a pivotal role. While Timothée Chalamet's portrayal of Paul Atreides remains central to the narrative, Taylor-Joy's character promises to add depth and intrigue to the epic saga.

Classroom of the Elite Season 3 Episode 10 is set to captivate viewers on Wednesday, March 7, 2024, airing at 12:00 am JST on AT-X in Japan. International audiences can catch the episode on March 6, around 7:00 am PT, with release times varying by timezone. Crunchyroll provides both subbed and dubbed versions, ensuring a comprehensive viewing experience. The anime is also available on platforms like Netflix and DisneyPlus, with new episodes released weekly on Wednesdays.