Reports Financial News
15.09 / 18:51
Platform
security
President
Golf
voice
social
reports
Trump Media stock jumps after former president says he won't sell shares when lockup expires
Shares of Trump Media & Technology Group Corp. jumped Friday after former President Donald Trump said he won’t sell shares of the company, saying that he doesn't need the money and likes the social media platform to get out his voice
15.09 / 18:08
markets
UPS
Platform
reports
Department
Courts
Inter-dept panel may be set up to ensure compliance by online gaming platforms
ED, RBI, tax and consumer affairs departments may be set up to combat the proliferation of online gaming platforms and ensure regulatory compliance, a DGGI report said. The GST intelligence wing of the Central Board of Indirect Taxes and Customs (CBIC) has initiated action against 118 domestic online gaming entities, and Show Cause Notices have been issued to 34 taxpayers involving tax amount of Rs 1,10,531.91 crore. The notices were issued to these gaming companies as they were not paying GST at 28 per cent rate. Furthermore, 658 offshore entities have been identified as non- registered/non-compliant entities and are being investigated by the DGGI. Also, 167 URL/websites have been recommended for blocking.
15.09 / 18:05
BLOCK
Election
President
voice
reports
recommendations
Biden administration appears to be in no rush to stop U.S. Steel takeover by Nippon Steel
President Joe Biden has voiced his opposition to Nippon Steel buying U.S. Steel, but the federal government appears to be in no hurry to block the deal
15.09 / 18:02
markets
Provident
Manufacturing
Platform
country
reports
International
Why Ford now wants to make for the world from India
Subscribe to enjoy similar stories. Automobile giant Ford Motor Co., which stopped manufacturing vehicles in India in August 2022, plans to resurrect its manufacturing facility in Chennai, Tamil Nadu to use India as an export hub. Observers may wonder why the American carmaker has decided to return to India.
15.09 / 17:46
Election
President
show
reports
Courts
peace
Algerian court certifies Tebboune's landslide reelection win
Algeria's constitutional court has certified President Abdelmadjid Tebboune’s landslide victory in last weekend’s election after re-tabulating vote counts that he and his two opponents had called into question
15.09 / 17:44
markets
UPS
Trade
RAI
exclusive
reports
Reliance Retail to transfer most of its FMCG brands to RCPL to scale up the business
Reliance Retail will transfer most of the fast-moving consumer goods (FMCG) brands it owns such as Campa and some of the popular private labels to the recently set up FMCG entity Reliance Consumer Products Ltd (RCPL) to rapidly scale up the business with a dedicated focus, said two industry executives. The list includes private brands such as Snactac, Puric, Glimmer, Enzo and Get Real. RCPL has also decided to set up four-five exclusive bottling plants for Campa, for which it will buy the bottling equipment and give it on lease to the partner who will own and run the operations. It is currently in talks to freeze these deals, according to the executives. The plans to scale up Campa bottling and transfer of FMCG brands comes on the back of Reliance Retail Ventures preparing for a capital infusion of up to Rs 3,900 crore into RCPL through a mix of equity and debt, as ET reported recently. RCPL recently took board approval for this.
15.09 / 17:43
markets
Death
show
audience
reports
Features
The White Lotus Season 3: When will the show release? Premiere date, plot and trailer
The White Lotus is heading to Thailand for its third season. The luxury resort chain’s latest locale promises new mysteries, rich character dynamics, and the signature blend of dark comedy and drama that has made the show a critical and audience favorite.
15.09 / 17:42
15.09 / 17:40
markets
country
social
reports
Investigations
Pakistan's ex-PM Imran Khan criticises opponents, day after his questioning in jail
social media post, Pakistan's jailed former prime minister Imran Khan on Sunday launched a scathing attack on his opponents, including the chief justice, the establishment and his rival politicians. The 71-year-old Pakistan Tehreek-e-Insaf (PTI) founder in a message from Rawalpindi's Adiala Jail posted on his X account that the government was reportedly going to introduce a constitutional amendment to rewrite the rules about the top judiciary. The former cricketer-turned-politician lashed out at the government for trying to tweak the laws in order to allegedly control the judiciary. «The occupying mafia and its handlers are fighting only for their survival, regardless of the national interest. The attack on the independence of the judiciary is also a link in this chain. All institutions in the country have been destroyed. There remains a Supreme Court which is the last hope and support of the nation,» he said.
15.09 / 15:15
markets
Digital
Sustainability
PwC
innovations
reports
International
90% of financial institutions focusing on AI, GenAI for innovation: PwC India report
financial institutions are focusing on artificial intelligence (AI) and GenAI (Generative Artificial Intelligence) as the primary technology enablers of innovation, according to a PwC India report. As per the PwC India report titled, 'Mapping the FinTech innovation landscape in India' data analytics also continues to emerge prominently across nearly 74% responses, underscoring its integral role in driving insights and decision-making within the financial services (FS) sector. It said that 31 financial institutions consisting of banks, insurance firms and fintechs participated in the survey. «Artificial Intelligence (AI) and GenAI (Generative Artificial Intelligence) emerged as the focus area for innovation for Indian financial institutions, with 90% of the respondents citing them as the primary technology enablers of innovation,» it said.
15.09 / 15:15
markets
Experts
reports
testing
strain
symptoms
New Covid variant, XEC, spreading rapidly across the world. Know symptoms, precautions
The XEC strain is said to be a hybrid of the KS. 1.1 and KP.3.3 variants. It was initially detected in Germany in June but has since been found in 15 countries spanning three continents. Quoting experts in the United States, the Mirror said that the Covid XEC will become the dominant variant.
15.09 / 14:33
markets
UPS
Digital
Citizens
RAI
reports
GST Council forms GoM to review tax rate on health, life insurance; report by Oct 30
GST Council on Sunday constituted a 13-member Group of Ministers (GoM) to suggest GST rate on premiums of various health and life insurance products and submit its report by October 30. Bihar Deputy Chief Minister Samrat Choudhary is the convenor of the GoM. The members of the panel include members from Uttar Pradesh, Rajasthan, West Bengal, Karnataka, Kerala, Andhra Pradesh, Goa, Gujarat, Meghalaya, Punjab, Tamil Nadu and Telangana. The 54th GST Council meeting on September 9 decided to set up a GoM to examine and review the present tax structure of GST on life and medical insurance. A final call by the Council on the taxation of insurance premiums is likely to be taken in the next meeting in November based on the GoM report. Currently, 18 per cent of Goods and Services Tax (GST) is levied on insurance premiums.
15.09 / 14:25
15.09 / 14:16
markets
Election
Instagram
President
Universities
Celebrity
reports
Did Taylor Swift's endorsement hurt Kamala Harris more than it helped?
Taylor Swift’s public endorsement of Vice President Kamala Harris has sparked mixed reactions among voters, according to a recent YouGov poll. Swift, known for her massive global following, took to Instagram to express her support for Harris. However, the endorsement may not have had the desired effect on the electorate.
15.09 / 14:08
markets
UPS
Sustainability
social
reports
guidelines
ESG-compliant risk assessment in focus for HDFC Bank
HDFC Bank has adopted risk assessment practices based on Environmental, Social and Governance (ESG) frameworks for wholesale banking loans as the country’s largest private lender looks to step up sustainable finance efforts and drive responsible lending, a top executive said. “We have adopted in our wholesale bank a risk assessment of our customers in terms of where do they stack up for their environment compliances. And that becomes a criteria of evaluation as we examine each proposal,” Kaizad Bharucha, Deputy Managing Director, HDFC Bank, told reporters at an event organised by the lender in Varanasi. According to official disclosures by the lender, loans in excess of Rs 100 crore are subject to HDFC Bank’s ESG Risk Management Framework for Lending, wherein a detailed E&S (environmental and social) assessment is undertaken. In particular, wholesale borrowers with a direct customer risk greater than Rs 100 crore across facilities are subject to a detailed E&S due diligence assessment while exposures up to Rs 50 crore are subject to an abridged E&S due diligence.
15.09 / 13:48
markets
Citi
CEO
Strategy
reports
Focused on north, eyeing govt sale of key properties: Bharti Real Estate's Sayal
Subscribe to enjoy similar stories. Mumbai/New Delhi: Bharti Real Estate will not join the bandwagon of companies launching projects beyond their home markets despite its peers doing so, as it continues to focus on building a $2 billion business district near Delhi airport, S.K. Sayal, CEO and MD of the real estate arm of the Bharti Group, told Mint.
15.09 / 13:13
markets
Stealth
Experts
RAI
reports
testing
Schools
China testing stealth fighter jet for its 3rd aircraft carrier: Report
China is testing a new stealth fighter jet called J-35 to be deployed on its third aircraft carrier, the Fujian, which is equipped with an electromagnetic catapult unlike the other two fitted with ski-jump take-off ramps, official media reported on Sunday. A new type of warplane was tested earlier this year on the Chinese People's Liberation Army (PLA) Navy's first aircraft carrier, the Liaoning, state-run Global Times quoted official broadcaster CCTV as saying. It added that the new aircraft could be the long-expected J-35 — China's next-generation carrier-borne stealth fighter jet.
15.09 / 12:34
markets
Target
security
Sustainability
reports
Department
Manipur Police concern over use of sophisticated weapons during protests
Manipur Police on Sunday expressed concern over the use of sophisticated weapons to target security personnel during protests and urged demonstrators to refrain from employing such means to make their point. Addressing reporters, DIG (Range 1) N Herojit Singh said, «We want to remind the public that the police department's duty is to maintain law and order and to respond to armed attacks by miscreants. We have sustained multiple casualties during these challenging times.» Highlighting the shift in protest tactics, the DIG said, «In recent agitations, traditional forms of protests have been replaced with lethal methods targeting security forces. Demonstrators have engaged in stone pelting, shooting iron pieces from slingshots, firing tear gas shells, and using automatic firearms.» «We have evidence of automatic weapons being fired during protests. At Khabeisoi, firing from automatic weapons injured an officer in-charge of Imphal East Commando and another personnel recently. In Kakwa, Imphal West district, firing from automatic weapons left marks on our vehicles,» he claimed.
15.09 / 12:17
markets
Virus
outbreak
reports
testing
infection
Colleges
Man who died recently in Malappuram was infected with Nipah virus: Kerala Health Minister
«The available samples were immediately sent for testing and it turned out to be positive,» the minister said in a video message. The Malappuram native who reached the state from Bengaluru died on September 9, after which his available samples were sent for testing to Kozhikode Medical college hospital laboratory.
15.09 / 11:55
markets
Strategy
WhatsApp
RAI
NOC
innovations
reports
Canada announces new LMIA-exempt work permit for select tech companies; check eligibility & other details
The Innovation Stream is one of the four pillars of this Tech Talent Strategy, which was launched in 2023 to attract skilled talent to help Canada grow as a global tech leader, says a CIC News report. Some skilled foreign workers are now eligible to apply for an employer-specific work permit if they get a job offer from any of the employers participating in the Global Hypergrowth Project.
15.09 / 10:01
markets
Target
Remark
country
reports
gatherings
BJP's Nitesh Rane asks brokers to take 'no deal with non-Hindus' oath, urges them to check Aadhaar cards before property deals
Nitesh Rane on Thursday asked real estate brokers to take an oath that they would not deal with non-Hindus and to check Aadhaar cards before making any property deals. Rane was addressing a gathering as part of his visit to a Ganesh pandal puja. After Rane's remark, the AIMIM started protests and said that the remarks were against the secular fabric of the country and his words were against the Constitution.
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