Reports Financial News

₹1,830 crore. The companies had not responded to queries from Mint till press time. Vindhya Telelinks, an MP Birla Group company, was formed as a public-private joint venture between Universal Cables Ltd and the Madhya Pradesh State Industrial Development Corporation Ltd.

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),...

Check out the companies making headlines after the bell: 

health risks in the biggest crackdown since 2016 when 344 FDCs were prohibited. FDCs are medicines that combine two or more drugs into a single dosage. The union health and family welfare ministry on Thursday issued a gazette notification, prohibiting manufacture, sale and distribution of these medicines based on the recommendation of an expert panel that evaluated 324 FDCs. «The review of these FDCs started in 2019 and then Covid happened. The companies were heard and, thereafter, the committee gave its report at the end of 2021, recommending banning 156 FDCs,» a member of the panel said on condition of anonymity. «This is the largest FDC ban since 2016,» he added.

Jennifer Lopez, recently divorced from Ben Affleck, may have a familiar name waiting in the wings. As per the reports of Daily Express US, Drake, a former flame of Lopez, is eager to rekindle their romance now that her divorce is finalized. Lopez and Drake had a brief relationship in 2017, and Drake is reportedly interested in getting back together. The rapper is reportedly «ready and waiting» to go after Lopez after her divorce is formally finalized, according to sources. According to the insider, Drake respects boundaries and won't get close to Lopez until after her marriage to Affleck is officially dissolved.

unemployment benefits rose in the latest week, but the level still suggested a gradual cooling of the labor market remains intact. Initial claims for state unemployment benefits rose 4,000 to a seasonally adjusted 232,000 for the week ended Aug. 17, the Labor Department said on Thursday. Economists polled by Reuters had forecast 230,000 claims for the latest week. The latest data should continue to allay fears that the labor market is rapidly deteriorating, first raised after a much sharper than expected slowdown in job gains in July, which also saw the unemployment rate rise to a post-pandemic high of 4.3%.

American Airlines flight despite bleeding from his head. The incident occurred when he and his companion, Yusleydis Blanca Loyola, 32, boarded a flight at Miami International Airport. The flight crew noticed Hernandez-Garnier had a bloody bandage on his head, indicating a wound, as per the reports of Daily Express US. The Miami-Dade police advised Hernandez-Garnier to clean the blood and replace his wound's dressing. However, he informed them he did not have any fresh dressings. The flight crew, concerned about health risks and potential contamination from bodily fluids, asked the couple to leave the plane. Despite the request, Hernandez-Garnier and Loyola refused to comply, reportedly stating that if they couldn't fly, no one else should either.

The sinking of a luxury yacht owned by British tech entrepreneur Mike Lynch off the coast of Sicily earlier this week has unfolded into a greater tragedy.

Kellogg Co, is struggling with low sales growth and profit in India, a market that prefers traditional or savoury breakfast compared to its ready-to-eat cornflakes and muesli alternatives. For FY24, the American food company reported one of its slowest sales growth in a decade at 4% to ₹1,610 crore, with a net profit decline of 19% to ₹97 crore, as per its filing with the Registrar of Companies. A year ago, it had sales of ₹1,554 crore with net profit of ₹119 crore. Last week, chocolate maker Mars agreed to buy Kellanova for nearly $36 billion. «Cornflakes is on a decline as a category and for Kellogg, the segment accounts for the bulk of the sales. While the company has been driving sales of other products such as oats and muesli, competition is intense in these segments,» said an industry executive, who did not wish to be named. In India, Kellogg started its first manufacturing plant in 1994. Its second unit opened in 2016, followed by a research and development centre to develop breakfast products for India and other emerging markets in the Asia-Pacific. Four years ago, the company that globally relies on western style breakfast options, launched Indian options including upma in select markets to widen its consumer base, a strategy which has not worked yet.

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),...

Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, Business2Community, and...

Jennifer Lopez officially filed for divorce from Ben Affleck, her fourth husband, on Tuesday. According to Page Six, Ben Affleck and Jennifer Lopez's problems started during their honeymoon in Lake Como, Italy. During their honeymoon, the couple went on a number of public engagements that were jam-packed with shopping and PDA and cameras were there to document it all. He didn't like that photographers were pursuing them everywhere. He pretended to be surprised that they would be followed around, even though she is a popular celebrity, the source claimed. According to sources, Affleck and Lopez had issues from the beginning of their marriage. They would hardly speak to each other during what was supposed to be the happiest time of their lives when they weren't in front of the cameras. He convinced her that he had changed, but that didn't last long. An additional insider reported that as soon as his sobriety started to settle in with normality, Affleck realized that their rekindled puppy love was not real after all. He was just getting sober when they resumed their relationship. Regardless of how their chemistry contributed to his vulnerability, the insider claimed that he was acting agitated. Also Read: Why was a bleeding passenger forcibly removed from an American Airlines flight?

US election 2024 race was by and large headlined by Republican Donald Trump, President Joe Biden and Vice-President and Democratic Presidential nominee Kamala Harris. However, Independent Presidential candidate Robert F. Kennedy Jr has suddenly hogged all the limelight. Robert F. Kennedy Jr. is expected to drop out of the race for the White House, US media reported on Wednesday, with the independent candidate due to make a major address later in the week. However, Robert F. Kennedy Jr.'s campaign said on Wednesday that he would address the nation on Friday in Arizona, where he will talk about «the present historical moment and his path forward.» Kennedy is planning to drop out of the election and endorse Trump, but that hinges on whether the Republican offers Kennedy «and others» a position in the White House if elected, Larry Sharpe, outreach director with American Values 2024, told Reuters.

Adani Power Ltd's resolution plan to acquire Lanco Amarkantak Power Ltd (LAPL) through the insolvency resolution process. The company has admitted liabilities of Rs 15, 633 crore. Gautam Adani promoted listed power company had proposed to pay Rs 4,101 crore to acquire it through the bankruptcy process. “Successful acquisition and implementation of the resolution plan for acquisition of LAPL will advance APL's (Adani Power) position as India’s leading private sector power producer, with a combined operational power generation capacity of 15,850 MW,” said Adani Power in its stock exchange filing on Thursday.

Experian India, on Thursday announced the launch of AiDRIAN, an AI driven tool that detects potential fraud. AiDRIAN detects potential fraud at its source, preventing the possibility of financial loss in real time, the company said. The platform integrates device profiling, analysing over 150 device parameters to create unique device IDs and identify anomalies, Experian claimed. According to Experian’s 2024 Future of Fraud Forecast report, nearly 70% of businesses report increased fraud losses in recent years, and over half of consumers feel more vulnerable to fraud than before.

TD Bank Group reported a loss of $181 million in its latest quarter as it was hit by a charge related to ongoing U.S. investigations into its anti-money laundering program.

Wukong exemplifies the growing maturity of China's gaming sector and the integrated resource capabilities of Chinese producers. With this release, Chinese game developers enter a market that has long been dominated by triple-A Western titles. Due to this innovation, Chinese is now the default language in triple-A games instead of English. The Guardian, a British newspaper, praised the game for its stunning visuals, cinematic beauty, and refreshing sense of speed, as well as its fluid-feeling combat. It described Wukong as the most thrilling and contentious video game of the summer. The majority of the hype, which has been accentuated by Chinese state media, is for the action, design, and playability of the game. Also Read: Did Obama really use the Trump D*** Joke? Here's what his speechwriter is saying

LONDON — British technology entrepreneur Mike Lynch has been found dead in the wreckage of his superyacht, which sank off the coast of Sicily earlier this week. He was 59 years old.

Sead specializes in writing factual and informative articles to help the public navigate the ever-changing world of crypto. He has extensive experience in the blockchain industry, where he has served...

Michael Graw is an experienced freelance finance and tech writer, specializing in cryptocurrencies, decentralized finance, and Web 3.0 since 2018. His work has been featured on various financial news...

Realty developer M3M has reported Rs 3,911 crore sale during Q1FY 25, an increase of 37% increase from Rs 2854 crore during the same period last year. In the residential and plot development segment, M3M reported sales of Rs 2028 crore in Gurugram, Panipat and Noida region during the first quarter of FY 2023-24. Its sales during the first quarter of FY 2024-25 increased by 46% increase to Rs 2971 crore. M3M generated Rs 826 crore from its commercial segment during Q1FY 2023-24, which increased to Rs 940 crore this year.