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26.02 / 15:53

Provident Platform reports Destinations Govt grants interest-free loans to Andhra tobacco growers

NEW DELHI : The Centre on Monday approved interest-free loans to tobacco growers in Andhra Pradesh affected by cyclone Michaung in December, according to the commerce ministry. The Tobacco Board had requested the Centre to approve interest-free loans after the cyclone, which caused heavy rains in the state, damaged crops in several regions. In January, Mint reported that the Centre was planning to provide interest-free loans for tobacco farmers.

26.02 / 15:19

COST FIVE Trade reports Canara Bank board approves 1:5 stock split to improve liquidity; Details here

Canara Bank said on Monday that the board has given its approval a stock split, dividing each share into five shares to enhance the liquidity of the bank's shares and make them more accessible for retail investors, the company said in an exchange filing. The expected time period for the completion of the stock split is 2-3 months. "Expected time of completion is 2 to 3 months from intimation of date of Board Meeting (February 7, 2024) to Stock Exchanges, considering the time taken for receiving RBI’s approval," said Canara Bank.

26.02 / 15:19

UPS Digital Enterprise Bill country reports SIDBI actively looking at exiting ARC biz: Chairman

₹400-500 crore, with SIDBI holding a nearly 86% stake. It is billed as the country's first ARC supported by a large number of public sector banks and undertakings, focused on NPA resolution of the MSME sector. In 2022, Press Trust of India reported that Union bank of India had sold its 8% stake in ISARC in favour of Dhansamridhi Finance.

26.02 / 15:19

UPS Target Citizens Highways track reports Govt’s FY24 capex target on track; 80% spent till early-Feb

NEW DELHI : The Union government is on track to achieve its capital expenditure target for the ongoing financial year, a senior government official said, riding accelerated spending on key infrastructure projects essential to spur economic growth. Till early February, the government had spent about 80% of its total capital expenditure target for FY24, according to a briefing by the finance ministry on Monday.

26.02 / 14:49

markets DOW show performer reports Dow Jones, Nasdaq, S&P 500 weekly preview: How far can this rally go?

Investing.com — The S&P 500 closed last week at a new record high of 5,088, propelled by Nvidia’s blockbuster quarterly report. Earlier on Friday, the equity index rose to 5,111, marking a new all-time high.

26.02 / 14:49

COST Southern Justice cover 2020 reports Department U.S. threatens to sue Berkshire Hathaway's PacifiCorp unit over wildfire

By Jonathan Stempel

26.02 / 14:01

markets Trade Diversity reports Berkshire shares jump after big profit gain as Buffett’s conglomerate nears $1 trillion valuation

In this article

26.02 / 13:41

FIVE Booking Sustainability NVIDIA Trade reports Hedge funds are taking profits from elevated tech stocks

Hedge funds piled into tech stocks in the weeks before Nvidia Corp.’s earnings. Now, they’re cashing out and selling at the fastest pace in seven months.

26.02 / 13:33

Platform Barcelona wellness track innovations reports Features Samsung unveils Galaxy Ring with sleek design at MWC 2024: Here's all you need to know

(MWC) 2024 in Barcelona, Samsung has taken the tech world by storm with the introduction of its latest innovation – the Samsung Galaxy Ring. Unveiled for the first time, this wearable device promises to redefine the landscape of health tracking, leveraging the advanced capabilities of the Samsung Health platform.

26.02 / 13:31

COST wellness Universities cover reports prevention Alberta intends to opt out of national pharmacare plan

NDP has reached a deal with the Liberal government to introduce the first piece of a national pharmacare program that includes coverage for birth control and diabetes medication but it appears Alberta does not intend to be part of the agreement.It’s a critical piece of the supply-and-confidence agreement between the two parties and comes ahead of a March 1 deadline to table legislation. Some final details may still be worked out but the Alberta government says it plans to opt out.Dr.

26.02 / 13:25

markets COST Election show reports prevention For corporate earnings, risks lurk everywhere

Motilal Oswal Financial Services showed that Nifty 500 companies reported earnings growth of 25% year-on-year in Q3FY24, but this growth was largely fuelled by the banking, financial services and insurance (BFSI) and automobile sectors. Meanwhile, it is widely expected that the outcome of 2024 general elections in May will be favourable for the market.

26.02 / 13:25

markets Provident Apple AirPods stage reports Features Apple's ambitious leap: Plans for 'iRing,' 'iGlasses,' and camera-integrated AirPods suggested

Vision Pro headset, Apple seems poised to explore new frontiers in the wearables market. Gurman's report suggests that Apple's foray into smart glasses aims to rival products like Amazon Echo Frames and Meta Ray-Bans, but with a futuristic twist. The envisioned Apple smart glasses are expected to integrate smart audio and artificial intelligence (AI) features, providing users with an advanced and immersive experience.

26.02 / 12:55

awards wellness voice singer information reports Ghazal icon Pankaj Udhas passes away from prolonged illness

mellifluous voice that gave birth to chartbusters such as ‘Chitthi Aayi Hai’, ‘Ahista’, ‘Halki Halki Si Baarish’, etc has been muted forever. Legendary ghazal singer Pankaj Udhas breathed his last on Monday. He was 73. He was reportedly suffering from a prolonged illness. His family confirmed the sad news to the public. “With a very heavy heart, we are saddened to inform you of the sad demise of Padma Shri Pankaj Udhas on 26th February 2024 due to a prolonged illness. Udhas family,” the statement read. The star’s representative toldIndian Express, “Pankaj sir was suffering from a prolonged illness and wasn’t keeping well the last few days. He died this morning around 11 am at Breach Candy hospital.”

26.02 / 12:55

markets COST Platform Food reports Schools Quick service restaurants' revenue, margin under severe stress; recovery seems distant: report

food delivery apps like Zomato and Swiggy, quick service restaurant operators are finding the going tough with both their revenue and margin coming under severe stress while road to recovery is longer than estimated, says a report. The report by French brokerage BNP Paribas stated that the rising popularity of food aggregators has hurt dine-in sales of quick service restaurants (QSR) and has also fragmented delivery sales. Also, with more restaurants partnering with food delivery platforms, consumers now have more options, leading to fragmented sales which are likely playing a part in the weakness in average daily sales of the QSR industry besides the general weakness in demand due to elevated inflation, the report highlighted.

26.02 / 12:17

Action Remark WhatsApp show reports Courts Sandeshkhali incident: Kunal Ghosh's remarks on Shajahan Sheikh show he received state-sponsored protection, says BJP

TMC leader Kunal Ghosh's assertion that Shajahan Sheikh will be arrested in seven days shows that he was never on the run and has been given state-sponsored protection in West Bengal, the BJP on Monday alleged. Sheikh, a Trinamool Congress (TMC) strongman, has been accused of sexual atrocities and land grabbing in Sandeshkhali in West Bengal. It is a testimony that Sheikh has always been in the sight of the Trinamool Congress leaders, BJP spokesperson Shehzad Poonawalla told reporters. The TMC leader has admitted that the accused has been given a state-sponsored protection, he said.

26.02 / 12:13

UPS Platform Strategy AXA wellness reports AXA IM promotes Jérôme Broustra to head of global rates

He will be based in Paris and report to global head of fixed income Marion le Morhedec. Broustra has been at AXA IM for over 20 years, and was most recently head of investment specialists for fixed income and multi-asset solutions for the Core Investments platform. AXA Framlington shakes up management of £600m UK Select Opportunities In his new role, he will be responsible for global rates strategies for institutional and third-party clients, while overseeing AXA IM's inflation investment capabilities, as well as the Swiss and Japanese fixed income business. le Morhedec said: «I...

26.02 / 12:13

UPS exclusive reports Quarter of Article 8 funds face 'greenwashing risk'

In its 2024 ESG Barometer report, the firm, part of Allfunds Group, noted the proportion of Article 8 funds at risk of greenwashing had increased in recent years, from 21% and 20% in 2021 and 2022, respectively, up to 24% last year. CFA UK launches impact investing certificate It said the main reason for this was that the vehicles have done «close to the bare minimum to classify as an Article 8 product», such as holding few negative exclusions or enforcing basic ESG integration, leading to ESG standards not being «strong enough». For Article 9 funds, just 6% face the same risk, the...

26.02 / 11:19

Career film voice song singer reports Pankaj Udhas, renowned Ghazal singer passed away at 72; Here are 5 of his most popular songs

Renowned Ghazal singer Pankaj Udhas, known for his soulful voice and timeless music, passed away at the age of 72, as reported by PTI on Monday. Udhas, along with fellow musicians Jagjit Singh and Talat Aziz, played a significant role in popularizing Ghazal music across India. Early Life and Career Pankaj Udhas was born on April 17, 1951, in Savarkundla, Gujarat, India. He belonged to a family with a musical background; his elder brother, Manhar Udhas, was a successful Hindi playback singer in Bollywood. Pankaj Udhas moved to Mumbai and attended St. Xavier's College. He gained recognition as a professional singer with his song «Chitthi Aayee Hai» from the film Naam (1986).

26.02 / 11:19

markets UPS Manufacturing pandemic reports Profiles Passenger vehicle volume to rise by 5-7 per cent, touch new peak in next fiscal: Report

SUV segment, credit rating agency Crisil said on Monday. This anticipated growth is expected to come on the back of an estimated high base of 6-8 per this financial year even as demand for cars and exports remain muted, it said. A significant change in consumer preference has cranked up demand for SUVs leading to its market share doubling to around 60 per cent of total domestic volume this fiscal from around 28 per cent before the pandemic in fiscal 2019, the ratings agency said. This preference is expected to grow further, backed by a healthy pipeline of new model launches across price points, including electric variants, and normalised availability of semiconductors after a prolonged period of short supply, it said.

26.02 / 11:19

Provident WhatsApp Bill reports Indian government's dividend income from RBI in FY25 to be similar to FY24, source says

dividend income from the Reserve Bank of India for the current financial year ending March to stay at levels similar to the last financial year, a government source told reporters on Monday. The Reserve Bank of India board had approved a transfer of 874.16 billion rupees ($10.55 billion) as surplus to the government for fiscal year 2022/23, which was paid in May 2023 and gets accounted in fiscal 2024 for the government. For fiscal 2025, the government has budgeted a 1.02 trillion rupees surplus transfer from RBI and public sector banks, but had not provided a break-up between the two in the budget.

26.02 / 11:17

markets DOW security reports economic data Futures edge lower; economic data, earnings this week - what's moving markets

Investing.com -- U.S. futures point to a lower start on Monday, with traders looking ahead to key economic data releases later in the week and a slate of corporate earnings. Warren Buffett moves to reassure investors over the resilience of Berkshire Hathaway (NYSE:BRKa) and remembers the conglomerate's late vice chairman Charlie Munger. Elsewhere, Ant Group reportedly offers a higher bid than Ken Griffin's market-making firm Citadel Securities for Credit Suisse's Chinese investment banking division.

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