Reports Financial News

By Chuck Mikolajczak

The U.S. government is currently in talks with NVIDIA (NVDA) regarding the conditions under which it can sell AI chips to China. The administration has made it clear that Nvidia (NASDAQ:NVDA) is not allowed to export its most sophisticated semiconductors to Chinese companies.

₹20,000 or expulsion, reported news agency PTI quoting JNU's new manual, adding any 'anti-national' act will attract a ₹10,000 fine. The new order in the manual applies to academic buildings of different schools that house offices of chairpersons, deans, and other important office-bearers, apart from classrooms and labs.

MUMBAI : Private equity (PE) firm KKR & Co., Canadian pension fund Ontario Teachers’ Pension Plan (OTPP) and Blackstone-backed Care Hospitals have submitted non-binding term sheets to acquire a stake in the Indian business of Aster DM Healthcare Ltd, two people aware of the matter said. One of the two people said Hong Kong-based investment firm BPEA EQT has also presented a term sheet.

Bank of India (RBI), witnessed a threefold increase in wilful defaults in the past one year to ₹416 crore, according to data from TransUnion Cibil. This surge in defaults may have exacerbated its challenges in the lead-up to regulatory action. These are accounts of ₹25 lakh or more where the bank has initiated legal action for wilful defaults.

₹400 per kg in some area — amid a drop in supply. Reports indicate that the popular spice is now selling for ₹300 to ₹400 per kg at some retail markets. Crops were damaged in several areas by unseasonal rainfall during October and November.

New details have emerged surrounding Binance’s compliance requirements in the wake of the crypto exchange’s plea deal with the U.S. government, according to recently unsealed court documents.

The blockchain gaming industry is expected to surpass over $600 billion in value by 2030, according to a new report released Monday.         

Profits in the Canadian grocery sector will likely exceed $6 billion in 2023, setting a new record as they rise eight per cent from last year, according to the Centre for Future Work.

diamond ring and suspected a hotel staff of stealing it. But the police resolved the mystery and found the valuable ring at a place no one could think about. The owner will get his ring back and the hotel has offered him a three-night stay free to compensate for the inconvenience caused.

Mankind Pharma through block deals on Tuesday, according to news reports. Chrys Capital, Capital Group and Everbridge Partners are looking to sell 5-6% stake in the pharmaceutical major.

Earthshot Prize, launched by Prince William to support climate and environmental innovators across the world, plunged into disarray after two of its judges were forced to step down amid legal wrangles. Singer Shakira and footballer Dani Alves have quit as judges for the coveted prize, as per media reports.

Slatestone Wealth chief market strategist Kenny Polcari says Americans are reconsidering what the CPI report means on 'Making Money.'

There’s a common lament across the halls of Expo City Dubai, the 1,000-acre venue of CoP-28, the climate huddle: This event feels more like a slick trade show than an environmental summit. About 100,000 attendees—nearly three times the number who attended CoP-26 in Glasgow—are milling through the venue. Fossil fuel companies have more than 2,000 representatives in attendance, including Sultan Al Jaber, president of the conference and the chief executive officer of the Abu Dhabi National Oil Company, the UAE’s state-owned petroleum business.

Religare Enterprises (REL), raising eyebrows. Proxy Advisory Firm InGovern Research raised concerns, alleging a “vested interest" and regulatory breaches in the remuneration provided to REL’s chairperson; media reports refer to employee stock option programme (ESOP) benefits exceeding ₹480 crore doled out by REL and its health-insurance subsidiary CARE, in addition to other perks, despite their financial challenges. It has been alleged that ESOP shares of CARE were issued despite rejection by India’s insurance-sector regulator (bit.ly/3uWmkTp), which has raised questions on it.

Canada’s economy is stalling, the unemployment rate is rising and housing costs are crushing some households. The country’s banks are exposed to all of that, yet their shares are surging.

The growing burden of mortgage payments as homeowners renew under much higher interest rates has roused concern from policy makers to politicians.

A council of prominent Indigenous leaders tasked with advising Canadian National Railway Co. says all of its 12 members have submitted resignations, effective at the end of the year.

Mumbai: States' finances improved in FY23, and there is a need to look at asset monetisation to help garner non-tax revenues, a Reserve Bank report said on Monday. In the report on state budgets, which is done annually, the Reserve Bank said road, transport and power sectors hold considerable potential where the states can undertake asset sales.

Himalayan states within a fixed time frame in the wake of landslides and glacial lake outburst floods. In an Action Taken Report tabled in the Lok Sabha, the Parliamentary Standing Committee on Water Resources said that well laid down procedures or regulations for land use planning or zoning in the Himalayan states, especially in those areas that are more prone and susceptible to landslides, landslide lake and glacial lakes outburst floods, would go a long way in mitigating the eventualities that arise in the event of disasters.

Vivo Mobile India, which is facing a probe for repeatedly reporting losses in its local operations allegedly to avoid paying tax while remitting huge amounts to its Chinese parent, posted a loss for fiscal 2022 after recording a profit in the previous year. The smartphone company reported a net loss of Rs 123 crore for FY22, as per its recent filings with the Registrar of Companies (RoC), compared with a net profit of Rs 552.5 crore in FY21, even as sales rose 9% to 26,971.11 crore. It did not give any reason for swinging back to a loss in FY22. The Enforcement Directorate (ED) had filed a chargesheet last week against the company alleging that it had remitted Rs 1 lakh crore outside India between 2014 and 2021 by showing losses to avoid paying income tax, ET among others had reported. An email sent to Vivo seeking comment remained unanswered till Monday press time. ET reviewed Vivo’s last six annual filings available with the RoC, which showed that the company reported net losses in FY17, FY18, FY19, FY20, and FY22, with FY21 being the only exception. “The company will continue its focus to reduce costs and improve efficiencies, enhance value addition to its customer base and maximise capacity utilisation with least cost to achieve higher revenue and improve profitability,” Vivo said in the latest RoC filings made on November 25. Vivo in the filings said its auditors had not made adverse observations or reservations about the company.