Reports Financial News

SAO PAULO (Reuters) -Shares in Brazilian airline Gol tumbled on Monday after local newspaper Folha de S.Paulo reported that the company was considering filing for Chapter 11 bankruptcy protection in the United States within the next month.

By Mark John

Telecom operators have sought a reassessment of the government’s draft policy around establishing direct-to-mobile (D2M) networks to ensure a level-playing field, and have warned of the possibility of regulatory arbitrage if such a policy is implemented hurriedly. The government is exploring a proposal for D2M networks that will enable beaming of TV channels on mobiles without a cellular data connection. Telcos have been opposing any hasty decision as the technology is still immature. “It’s crucial to ensure that any D2M service implementation aligns with national legal and technical standards and does not result in regulatory arbitrage in providing the content services on mobile handsets,” the Cellular Operators Association of India (COAI), which represents Reliance Jio, Bharti Airtel and Vodafone Idea, said in a statement Monday. The telco industry body has called for a re-evaluation of aspects around level-playing field, spectrum allocation, network integration and regulatory /cost arbitrage.

The more the U.S. government worries about China’s ambitions in the chip industry, the more equipment for making chips that China seems to buy. When ASML, the Dutch company that makes the world’s most advanced lithography machines for manufacturing microchips, reports fourth-quarter results next week, one of the most eye-catching numbers will be the share of sales it made in China.

1. Getting free VIP passes to Ram Mandir? A message promising users one's free-VIP entry into the Ayodhya Ram temple is doing round on WhatsApp. VHP spokesperson Vinod Bansal shared a screenshot of a WhatsApp message that came with an "apk" file (Android Package) attached to it - named as Ram Janmabhoomi Grihsampark Abhiyan.apk".

₹668.18 crore in Q2FY24 to ₹293.82 crore during the period under review. The quarterly revenue of Jio Financial Services slumped 32% from ₹608.04 crore during the quarter ending September 2023 to ₹413.61 crore during Q3FY24. In the nine-month period ending December 2023, Jio Financial Services witnessed a significant jump in financial performance as compared to the fiscal year ending March 2023.

Also Read: DMart: Market not impressed by Q3 earnings as stock closes with marginal gains; what should investors do next? Notably, 32 constituents of the index finished the session in the green zone, with the five heavyweights contributing 158 points, or 78%, to the Nifty 50's overall rally. Among these, HDFC Bank emerged as a significant contributor, supporting 66.16 points to the index rally. During today's trading session, the stock witnessed a 1.93% spike, reaching ₹1,672 apiece.

DBS Bank India, said, “Ownership of financial decision making, diverse investment and borrowing choices and growing adoption of digital channels are all evidence that the modern Indian woman is not just a participant, but a planner of her journey." The financial paths of women are as varied as their individuality. The manner in which they save, borrow, and invest money depends on many factors such as age, income, cultural background, and access to resources. As per the survey, women earning in metropolitan areas demonstrate a preference for low-risk investments, allocating 51 percent of their funds to fixed deposits (FD) and savings accounts.

Rajeev Chandrasekhar on Monday assured that the government will shortly notify tighter rules under the Information Technology Act to ensure compliance by platforms in the country. Union Minister took to X on Monday and expressed gratitude to Sachin Tendulkar for pointing out the video. He said deepfakes and misinformation powered by AI are a threat to the safety and trust of Indian users and the platforms are required to comply with advisory issued by the Centre.

upcoming Hyundai Creta showcases notable alterations to its exterior design, improvements to the interior layout, an expanded array of features, and the introduction of Level 2 Advanced Driver Assistance Systems (ADAS). As per a report by HT Auto, it is highly likely that the pricing for the 2024 Hyundai Creta will surpass the current cost structure of the second-generation model. Currently, the Creta is priced between ₹10.90 lakh and ₹19.20 lakh (ex-showroom).

Milind Deora was part of the youthful cohort who were considered close to Rahul Gandhi. Among those were Jyotiraditya Scindia, Sachin Pilot, RPN Singh and Jitin Prasada. Except for Sachin Pilot, the remaining members of this cohort have either joined the Bharatiya Janata Party (BJP) or aligned themselves with other political affiliations.

₹50 lakh to the very bank that turned her away. It was a clerical error, officials of the bank claimed. However, the truth emerged when she got a copy of the property’s encumbrance certificate, which establishes if the title is free, from the local village office.

A feeling of loss was evident among those who went to the Excentris Complex in Montreal on Sunday to pay tribute to Quebec film entrepreneur and philanthropist Daniel Langlois and his partner Dominque Marchand.“This couple was very discreet, very humble, but they did a lot,” Montreal mayor Valérie Plante told reporters outside the establishment after she paid her tribute.Both Langlois and Marchard were found lifeless in a burnt vehicle on the eastern Caribbean island of Dominica early in December. Two men have been charged with their murder.Montrealers who knew Langlois say they were horrified by the sudden death.“He would have had so much more to contribute, I’m sure,” said Pierre Jasmin, president of Les Artistes pour la Paix.

Sachin Tendulkar has become the latest victim of deepfakes after a video went viral showing the former Indian cricketer endorsing a gaming app called Skyward Aviator Quest. In the video, Tendulkar is seen promoting the app saying his daughter Sara uses it to make daily gains to the tune of Rs 1.8 lakh by predicting the outcome of the game.

Business Insider says it is satisfied with the fairness and accuracy of stories that made plagiarism accusations against the wife of a hedge fund billionaire who was active in the ousting of Harvard President Claudine Gay

European markets have opened lower while Asian markets were mostly higher as the week got off to a mixed start

The anti-poverty organization Oxfam International says the world could have its first trillionaire within a decade

More than a dozen states have given themselves the power to override local zoning restrictions that block large-scale renewable energy projects

The Mexican government has sent 25,000 troops to Acapulco after the resort was hit by Hurricane Otis on Oct. 25

Sixty years ago, the U.S. surgeon general released a report that settled a longstanding public debate about the dangers of cigarettes and led to huge changes in smoking in America

Africa’s biggest oil refinery has begun production in Nigeria after a yearslong wait