Reports Financial News

Election Commission on Monday revoked the authorization granted to the Telangana government for distributing financial assistance to farmers for rabi crops under the Rythu Bandhu Scheme, according to an official statement. This action was taken following a violation of the model code by a state minister who publicly announced the disbursements.

Christopher Luxon was sworn in as New Zealand's prime minister on Monday and said his top priority was to improve the economy. The 53-year-old former businessman leads a conservative coalition after his National Party struck a deal Friday with two smaller parties following a general election last month. After the swearing-in ceremony, which was presided over by Governor-General Cindy Kiro, Luxon told reporters the job was an «awesome responsibility.» He said he would hold his first Cabinet meeting Tuesday and look to quickly finalize a 100-day plan. He said he also planned a visit to Australia before Christmas Day. Luxon said he needed to get a Treasury briefing on the state of the government's finances. «We are concerned and worried that it's been a deteriorating picture for a number of months now,» Luxon said. Under the coalition agreement, Luxon has promised to deliver tax cuts and train 500 more police officers within two years.

Joe Biden will not attend a gathering of world leaders focused on climate change in Dubai this week, a U.S. official said on Sunday.

Meta, the social media company behind platforms such as Instagram and Facebook, is being sued by 33 US states for, among other things, illegally collecting the personal data of underage users. Also Read| Is Meta trying to dodge requirements of India’s Personal Data Protection law? The allegations against Meta are part of a federal lawsuit filed last month by 33 US states, including California and Colorado, in a federal district court in California.

Consumers are scouring the internet for online deals as they begin to cap off the five-day post-Thanksgiving shopping bonanza with Cyber Monday

BSE. The ₹3,042.51 crore IPO was open for subscription between November 22-24 at a price band in the range of ₹475-500 per share. The first IPO by the Tata Group in over 19 years was subscribed 69.43 times during November 22-24.

Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) in which it will sell crude oil it produces from Mumbai offshore fields at a premium to international benchmark Brent. According to a news report, the oil has been priced at the prevailing Brent crude oil price plus 1%.

ANI, both shooters were arrested in the Mayur Vihar area. As reported by India Today citing police, the shooters had planned to attack a Punjabi singer.

Uttarkashi tunnel rescue LIVE: In Uttarakhand's Uttarkashi a portion under-contruction tunnel from Silkyara end caved in on November 12 trapping 41 workers. The workers have been trapped since and rescue operation is ongoing. The multiple-agency led rescue efforts initial plan was to rescue workers through horizontal drilling with the expertise of international tunnelling experts.

unseasonal rainfall in the state, an official said Monday. Union Home Minister Amit Shah condoled the deaths due to bad weather and lightning in various cities of Gujarat on Sunday and said the local administration was engaged in relief work. As per an official of the State Emergency Operation Centre (SEOC), a total of 20 rain-related deaths have been reported so far from different parts of Gujarat.

Meta Platforms deliberately engineered its social platforms to hook kids and knew — but never disclosed — that it had received millions of complaints about underage users on Instagram but only disabled a fraction of those accounts, according to a newly unsealed legal complaint described in reports from The Wall Street Journal and The New York Times. The complaint, originally made public in redacted form, was the opening salvo in a lawsuit filed in late October by the attorneys general of 33 states. According to the reports, Meta said in a statement that the complaint misrepresents its work over the past decade to make the online experience safe for teens and said it doesn't design its products to be addictive to younger users.

Hardik Pandya returned to Mumbai Indians. This move follows an all-cash transaction with his former team, Gujarat Titans. The deal, involving intense negotiations over 72 hours, was finalised after the IPL retention window closed on November 26 at 5 pm.

author to win the prize while the last Irish writer Anna Burns won the award in 2018. Booker Prize is awarded to the best novel of fiction written in English and published in UK and Ireland.

Indian startups that published financial results for 2022-23 reported a combined loss of ₹26,000 crore. Usually, 20% of startups fail in the first two years. The second myth is that one can become an overnight success.

Booker Prize for fiction on Sunday with what judges called a «soul-shattering» novel about a woman's struggle to protect her family as Ireland collapses into totalitarianism and war. 'Prophet Song,' set in a dystopian fictional version of Dublin, was awarded the 50,000-pound ($63,000) literary prize at a ceremony in London. Canadian writer Esi Edugyan, who chaired the judging panel, said the book is «a triumph of emotional storytelling, bracing and brave» in which Lynch «pulls off feats of language that are stunning to witness.» Lynch, 46, had been the bookies' favourite to win the prestigious prize, which usually brings a big boost in sales.

Rourkela-Bhubaneswar Vande Bharat Express (20835) train was damaged due to stone pelting between Meramandali and Budhapank on the Dhenkanal-Angul railway section in Odisha, officials said on Sunday. According to officials, the incident was reported by the on-duty RPF Escorting Staff. Following the information, the security wing of the East Coast Railway zone (ECoR) alerted the Railway Protection Force (RPF) and the Government Railway Police (GRP).

Sebi) has issued a show-cause notice to the local unit of Invesco, a US-based asset manager, for possible violations of mutual fund rules that potentially risked investor money, people familiar with the development told ET. Invesco is reportedly found to have shuffled securities between schemes in alleged violation of rules. However, the company is said to have defended its actions before the capital-markets regulator, arguing that investors did not lose money because of its actions as it shifted loss-making bonds of an eventually defaulting non-bank lender onto its own balance sheet to prevent erosion in investor wealth. Sebi's notice reportedly served a couple of months ago, alleges a lack of segregation between the mutual fund and portfolio management service activities, questionable inter-scheme transfer of securities compromising investor interests, and the transfer of certain securities to offshore funds ahead of potential downgrades, two sources aware of the development said. Invesco responded to the regulator's notice last month, one of the persons cited above said. Emails sent to Invesco Asset Management India and Sebi remained unanswered until the publication of this report.

North Korea warned on Monday of exercising its sovereign rights including satellite launches, state media KCNA reported, citing the foreign ministry. The report carrying a statement by a foreign ministry official also criticized what it said was a joint statement by the U.S. and other countries aimed at its recent satellite launch.

TikTok maker ByteDance is set to internally announce on Monday the winding down of its Nuverse gaming brand and full retreat from mainstream video games, four people familiar with the matter told Reuters. The Chinese technology firm has no plan to return to the $185 billion global video games market, said the people, who declined to be identified as the information is not public.

Australia's competition watchdog said on Monday new competition laws are required in response to the rapid expansion of digital platforms such as Amazon, Apple, Google, Meta and Microsoft in the country. The Australian Competition and Consumer Commission (ACCC) in its latest report for the Digital Platform Services Inquiry raised concerns that expansion of these platforms has increased the risk of them engaging in harmful behaviour, such as invasive data collection and practices that lock in customers and limit their choices.

Hamas released 17 hostages in Gaza, including a 4-year-old American girl, as part of a truce with Israel as Israel freed 39 Palestinian prisoners on the third day of the ceasefire. As reported by Reuters, the International Committee of the Red Cross facilitated the successful transfer of the hostages, consisting of 13 Israelis, three Thais, and one individual with Russian citizenship, according to Hamas. According to the Palestinian news agency WAFA, the release of the hostages - part of a larger group captured when Hamas fighters rampaged through southern Israel on Oct.