Reports Financial News

Bajaj Finance, SBI Life, HUL, Adani Energy, Fedbank Financial among others will be in focus due to various news developments and second quarter results. SBI Life, HUL, Bajaj Finserv Shares of SBI Life, HUL and Bajaj Finserv will be in focus as the companies will announce their quarterly results for the July-September 2024 period.

investment firm M&G Prudential is in talks to lead a new funding round of $80-100 million for Bengaluru-based business-to-business (B2B) ecommerce firm Udaan, several people aware of the development told ET. The new funding round, when closed, will boost the UK-based company's shareholding in Udaan from about 15% now, the people cited earlier said. M&G Prudential is the second largest shareholder in the company after Lightspeed Venture Partners, which holds about 40% stake. Udaan, which saw a 44% cut in valuation at around $1.8 billion last year, may see the latest round at the same flat valuation, the sources said, adding that a term-sheet has been signed and the deal contours are being finalised.

Acko General Insurance is closing a $100-120-million secondary deal that will see some of its earliest backers including Infosys founder Narayana Murthy's venture capital firm Catamaran Ventures and private equity fund Chrys Capital’s founder Ashish Dhawan selling stakes in the new-age insurer. Incoming investors include Enam group’s family office led by Akash Bhanshali, CaratLane founder Mithun Sacheti, Arpwood Capital and public market veteran Madhusudan Kela of MK Ventures, people familiar with the development told ET. Existing shareholder private equity major General Atlantic will also shore up its position by acquiring additional stake, one of the persons said.

Avaana Capital, an early-stage investment firm that has backed startups in the consumer, food and agri sectors, has made the final close of its dedicated climate and sustainability-focused fund at $135 million. The firm which was initially targeting to raise $100-125 million had made the first close of this fund at $70 million in June last year. Through this specialised fund, Avaana Capital plans to invest in 20-25 early-stage companies. The average first cheque size will range from Rs 10 crore to Rs 30 crore, and it plans to double down on successful investments.

Sebi) on Tuesday said all transactions in mutual fund units of an asset management company exceeding ₹15 lakh executed by designated persons, trustees and their immediate relatives must be reported to the compliance officers within two days from the date of such transactions. The regulator said threshold amount of ₹15 lakh could be in one transaction or a series of transactions over any calendar quarter, per PAN across all schemes excluding the exempted ones. Fund houses would have to disclose details of holding of designated persons, trustees and their immediate relatives on an aggregate basis every quarter. The new rules will come into effect from November 1. The holdings as of October 31, 2024, should be disclosed on the platform of the stock exchanges by November 15, 2024.

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

According to a Business Insider report, there is a chance of a 'no landing' scenario, where things would be bullish for US stocks. Under these circumstances, high-dividend yielding sectors will be benefited since short-term rates will collapse first. This scenario also includes a major run for hot economic data and growth which will end up in boosting the US markets but will also witness a steep rate cut cycle from the US Federal Reserve, says Business Insider. Institutions like the Bank of America and UBS could be one of the primary once affected in this no landing outcome but it must also be noted that under these estimated circumstances, the growth of the US markets remains stronger than ever, with a deflation of inflation fears along with an elevation of interest rates. Also Read: What is the Golden Visa that Prince Harry and Meghan Markle are eyeing by buying a house in Portugal? <div data-placement=«Mid Article Thumbnails» data-

Severance Season 2 is set to debut on Apple TV+ on January 17, 2025. The 10-episode series will air weekly.

sexting scandal with Olivia Nuzzi of NY magazine, Chery Hines discusses how she handles crazy moments in her marriage and her plans to write a book, as quoted in a report by the New York Post. In her first interview weeks after it was revealed that her husband was having an affair with political journalist Olivia Nuzzi, Cheryl Hines, the actress wife of Robert F. Kennedy Jr., shared her secret to surviving crazy times in her marriage and insisted she was feeling good. Hines added that she has experienced a lot of emotions with rumours, but she remained silent about the circulating rumours that her 70-year-old husband and the 31-year-old writer for a New York magazine had a sexting tryst at Saturday's The Groundlings 50th anniversary event.

Nate Silver reveals that polling averages in 21 states have gradually taken a shift towards former US President Donald Trump over the past month while it indicates a huge growing momentum for his campaign, reported Newsweek. On the other hand, US Vice President Kamala Harris is still leading nationally and also in key Swing States namely, Michigan, Wisconsin and Nevada whereas both the Presidential candidates are having a tie in Pennsylvania. According to Newsweek, over the past month, Republican Presidential nominee Donald Trump have gained some significant ground in battleground states while his deficit in Michigan has come down to just 0.5 points. Also Read: The Trump dance is going viral, even Harris supporters are liking it; watch it here

While Heartland Season 18 made its debut on Canadian TV screens on October 6, 2023, the US premiere may be several months away, as mentioned in a report by TV Insider. The previous season of Heartland aired in the United States roughly six months after its Canadian premiere. If Season 18 follows the same timeline, viewers in the U.S. can expect the new season to become available on the streaming service UP Faith & Family around April or May 2025, as per TV Insider report.

Australian senator heckled King Charles by yelling that he is not her king, as quoted in a report by the New York Post. A senator yelled and accused King Charles of committing genocide against their people, causing chaos during his speech to the Australian parliament on Monday. The 75-year-old monarch, who has cancer, is currently on a five-day tour of Australia with his wife, Queen Camilla, as part of an official state visit. The king is visiting Australia for the first time in his capacity as monarch.

Ted Lasso Season 4 seems more likely than ever, as Warner Bros. TV Group has provided an encouraging update on the beloved series. Channing Dungey, Chairman and CEO of Warner Bros. TV Group, recently hinted at Jason Sudeikis' interest in returning for another season. Sudeikis, who plays the titular role, has been a central figure in the show’s success, not only as the star but also as a co-creator and head writer. The prospect of a fourth season has always hinged on his enthusiasm to continue the story, and recent remarks suggest that he is more open to the idea than before, as mentioned in a report by Collider.

Veronika Rinecker is based in Germany, studied international journalism and media management. She specializes in politics and regulation, energy, blockchain, and fintech. Since 2017, she has been...

Lithium Americas president and CEO Jonathan Evans discusses the increased investment in the company’s Thacker Pass mine in Nevada on ‘The Bottom Line.’

Jason Momoa expressed doubts about his continuation as Aquaman in the evolving landscape of the DC Universe (DCU), stating that his chances of reprising the role were «not looking too good.» Following this sentiment, reports have emerged indicating that none of the actors from the DC Extended Universe's Justice League will return for the new direction under director James Gunn. This development suggests that Aquaman and the Lost Kingdom may mark the conclusion of Momoa's journey as Arthur Curry. However, this does not necessarily mean that his association with DC is over.

Liam Payne passed away in October 2024 at the age of 31, the entire world was shocked. His partial autopsy, conducted less than a week after his death, showed that he was under the influence of several drugs, including pink cocaine, when he passed away, as quoted in a report by In Touch. Although the drug has the name cocaine, it contains no real cocaine. According to the National Capital Poison Center, pink cocaine is actually a powdered mixture of drugs that usually consists of ecstasy, ketamine, caffeine, and a psychedelic substance called 2-CB, as quoted in a report by In Touch.

stock options, including share appreciation rights (SARs), cashless plans, as well those schemes where securities are held by trusts on behalf of non-residents. This was communicated to banks on Monday by the Reserve Bank of India as part of the amended guidance on foreign investment reporting and management system, two persons told ET. Companies will have to report the details of overseas persons exercising employee stock options plans to the banks, which in turn will inform the regulator.

According to Broadbridge's US & European fund fees trends report, the changes in UK fees came on the back of shifting regulatory forces, with new rules, such as the Assessment of Value and Consumer Duty, leading to an increase in scrutiny of fund costs. Between 2013 and 2023, fees for UK passive strategies dropped by 73%, while charges for active strategies declined by 44%, below the active costs in Luxembourg. Passive asset managers pick up steam in fund selector rankings The US market experienced the second-largest fee decrease in the active management sphere at 32%. Broadbrid...