Reports Financial News

This year has seen an unprecedented number of unexpected cover versions uploaded on YouTube: Freddy Mercury singing 'Sweet Child O' Mine' by Guns N' Roses, Johnny Cash singing Aqua's 'Barbie Girl', and even Frank Sinatra singing Coolio's 'Gangsta Paradise'. What's common among them is that all these singers are no longer alive.

international tax arena as India, alongside 110 other countries, voted in favour of a UN Tax Convention Framework. This resolution, backed by 125 countries a month earlier at the UN's Economic and Financial Committee, encountered opposition from 48 countries, notably wealthy OECD members, on both instances. OECD has been leading international tax reforms.

Manipur, the state government has set up a three-member panel to probe into the issuance of No Objection Certificate (NOC) by unauthorized persons/ officials to the Central board. Joint secretary of Manipur schools’ education department, Anjali Chongtham, in an order issued recently, said that CBSE had withdrawn the affiliation on the ground that the NOC submitted by the 25 schools from Kangpokpi and Churachandpur districts had not been issued by the state government’s authorized functionaries. According to an order issued on December 22 by the same officer, the inquiry committee should submit its report to the state government by January 5, next year. L Nandakumar Singh, director of Manipur schools’ education department, is the chairman of the probe panel, and the department’s additional director (valley), Bisheshwar Khumukcham is the member, while additional director (Hills) Dangmei Manglem is the member-secretary, said the order. The terms of reference of the committee is to find out officials “responsible for issuing the NOCs without due process,” “find out if signatures have been forged,” and recommend appropriate action against responsible officials. “In case of any evidence of forgeries, appropriate legal action to be taken by filing FIR, etc.,” said the order." The development leading to the constitution of the investigation committee came after one Lamtinthang Haokip had recently claimed on ‘X’, formerly twitter, that 16 schools from Kangpokpi and 20 from Churachandpur had been affiliated to CBSC. Manipur education department, reacting to it, clarified that no NOC for affiliation to CBSE had been issued by the state government to any institutions in the two districts since May this year. When the post

China for electoral gain ahead of elections in just over two weeks' time, but again sent warplanes into the Taiwan Strait. Taiwan's Jan. 13 presidential and parliamentary election will shape the Chinese-claimed island's relations with Beijing, which over the past four years has ramped up military pressure to assert its sovereignty claims.

By Shubham Batra and Amruta Khandekar

Plane manufacturing giant Boeing (NYSE:BA) has urged airlines to inspect more recent 737 MAX aircraft for a possible loose bolt in the rudder control system, the Federal Aviation Administration (FAA) said.

₹1.12 trillion tax payments retrospectively. However, as the notices await adjudication, the final figure has not yet been determined under the provisions of Central GST Act. Delhi-based lawyer Dhruv Garg, who is a technology law and policy expert, said 2023 and 2024 have been a mixed bag for the industry.

GTA 6's storyline remains limited, a leaker has indicated that the narrative of Grand Theft Auto 6 might be notably shorter, according to their sources. According to YouTuber Legacy Killa HD, the game's story is estimated to span approximately 35-40 hours of playtime, resembling the length of GTA 5.

Why do we need a pan-India retail policy? India’s offline retail market was estimated at $860 billion in 2022; it is expected to nearly double by the end of the current decade. Online retail, on the other hand, is a $70-billion market and is expected to grow at a rapid pace, according to a 2023 report by consulting firm Deloitte. However, the sector lacks a cohesive policy that governs retail trade pan-India.

Mar-a-Lago, Melania Trump's sporadic presence has stirred curiosity, sparking conversations among Palm Beach club members about her activities. Laurence Leamer, an author known for exploring the inner workings of Mar-a-Lago, emphasized the enigma shrouding Melania's rare public appearances, highlighting it as a topic frequently deliberated among club affiliates. In the midst of her husband's active involvement in politics, Melania Trump has deliberately maintained a subdued presence, seldom making public appearances over the past year. Despite her husband's legal battles and public appearances, Melania has been scarcely seen. Her rare public appearance at Rosalynn Carter's memorial in Atlanta, followed by a speech at a naturalization ceremony in Washington DC, garnered attention, especially considering her husband's legal entanglements.

American Airlines flight somehow managed to land at Heathrow Airport in London amid high winds generated by Storm Gerrit on Wednesday. The high winds were so powerful that they tilted the Boeing 777 with its wings dangerously angling towards the ground on the runway, but after 10 minutes of pure terror, the pilot managed to achieve balance and the plane made it to the runway unharmed; otherwise, it would have been a tragic accident.

Dynamical Bias in the Coin Toss, Persi Diaconis et al, SIAM Review, 2007) That is, if a coin is tails-up when flipped, it has a slightly higher chance of landing tails, rather than heads—0.51 to 0.49. Now this is so slightly higher that it makes no real difference on a single coin toss, like the one that starts off a tennis or cricket match. But instead, let’s say you have a bet with a friend that depends not on one, but a thousand tosses.

The solvency ratio for public sector non-life insurers’ group is sub-optimal with three of the four PSU insurers recording the ratio below the baseline prescription, the RBI said in its report released on Thursday. The minimum solvency ratio requirement set by the Insurance Regulatory and Development Authority of India (IRDAI) for insurance companies in India is 150 per cent. The higher the solvency ratio, the better will be the ability of the insurer to meet its liabilities The report also noted that the solvency ratio for life insurance companies has been above the prescribed threshold for both public sector and private sector at an aggregate level. In case of mutual funds, the regulator’s analysis revealed stress including credit risk, interest rate risk, and liquidity risk in the case of 17 mutual funds.

Yogi Adityanath government in Uttar Pradesh Thursday imposed a ban on the sale of liquor in the entire 84 Kosi Parikrama of Ram Mandir in Ayodhya, the holy city where the grand Ram Temple is set to be inaugurated soon, India Today reported. UP Excise and Prohibition Minister Nitin Agarwal said the government has established a ‘no liquor zone’ in the entire 84-Kosi Parikrama circuit and the wine shops in the prohibited area will be either shifted or removed. The development came after the Excise Minister met with Champat Rai, General Secretary of Ayodhya Ram Mandir Trust.

NDTV report, Nine Singh has been with the CISF since 2021 and will remain at the helm till her retirement on July 31 next year. The report also mentions that Nina Singh is from Bihar and has studied at the Patna Women's College, and the Jawaharlal Nehru University. She also holds a Master's degree in Public Administration from Harvard University.

₹6,094 per bbl, having swung between ₹6,068 and ₹6,200 per bbl during the session, against a previous close of ₹6,211 per barrel. -Denmark's Maersk will route almost all container vessels sailing between Asia and Europe through the Suez Canal from now on while diverting only a handful around Africa, a Reuters breakdown of the group's schedule showed on Thursday.

Argentina’s newly elected government, led by libertarian Javier Milei, has unveiled its plans to simplify the process of legalizing cryptocurrency holdings, even for individuals who may not have accurately reported them for tax purposes.

Real Housewives of Beverly Hills," Teddi Mellencamp recently revealed her post-surgery recovery journey following melanoma treatment. Mellencamp underwent an extensive procedure known as wide excision surgery, emphasizing the importance of regular skin examinations during her healing process. In an open portrayal on her social media platform, Mellencamp detailed the intricate surgical steps involved in removing the melanoma and reconstructing the affected area with skin from another part of her body. Despite the expected discomfort, Mellencamp expressed gratitude for the surgery's success, underlining its indispensable role in her overall well-being.

Securities and Exchange Board of India plans to amend certain regulations pertaining to the verification of market rumours. Regulations about rumour verification were introduced by the capital market regulator to avoid false market sentiment or impact on the securities of any listed entity.

General Motors (NYSE:GM) has filed a lawsuit against the city of San Francisco, aiming to reclaim over $100 million. The lawsuit alleges that the tax bill imposed on GM was inaccurately calculated, attributing this miscalculation to the improper use of its Cruise self-driving car unit in the calculations.

'Son of Blackbird' the SR-72 plane will soon join the US Air Force to improve its aviation abilities and rule the skies. It is set to be a super-fast, hypersonic high-altitude surveillance aircraft. The SR-72 will be able to fire projectiles such as hypersonic weapons more accurately than anything before it. It can reach hypersonic speeds in a flash but more importantly, it can stay at these speeds for a longer period.