Reports Financial News

Farmers have increased the area under paddy cultivation by 4.28 per cent to 33.18 million hectares, while cotton acreage declined in the ongoing 2024-25 kharif (summer-sown) crop season, according to government data released on Monday. The agriculture ministry reported that paddy sowing rose to 33.18 million hectares as of August 12, up from 31.82 million hectares in the same period last year. The increase in the paddy acreage comes amid forecasts of widespread rainfall across several regions by the India Meteorological Department (IMD). As per the ministry's data, pulses acreage marginally increased to 11.74 million hectares in the ongoing kharif season from 11.01 million hectares in the year-ago period.

Kotak Mahindra Bank on Monday said Sonata Finance Private Ltd and BSS Microfinance Ltd, both wholly-owned subsidiaries of the bank, at their respective board meetings have approved a scheme of amalgamation. As per the scheme of amalgamation approved on Monday, Sonata would merge with BSS Microfinance Ltd on a going concern basis, Kotak Mahindra Bank said in a regulatory filing. The scheme would be subject to the approval of the respective shareholders and creditors of Sonata and BSS and the approval of the concerned National Company Law Tribunal (NCLT) and other regulatory authorities, it said. The combined net worth of Sonata and BSS is less than 2 per cent of the net worth of the bank, as on March 31, 2024, it said.

While she was initially underutilized in the series, her storyline gained prominence in Season 6, only to be somewhat sidelined again in the final season. However, the latest updates indicate that Missy’s character will play a more significant role in the sequel series, much to the delight of fans, as per the Screenrant report.

Sex ratio in India is expected to improve to 952 women per 1000 men by 2036 from 943 in 2011, according to a report 'Women and Men in India 2023' released by the Ministry of Statistics and Programme Implementation on Monday. The report highlights that India's population in 2036 is expected to be more feminine compared to the 2011 population, as reflected in the sex ratio which is projected to increase from 943 in 2011 to 952 by 2036, highlighting a positive trend in gender equality. By 2036, the population of India is expected to reach 152.2 crore, with a slightly improved female percentage of 48.8 per cent compared to 48.5 per cent in 2011, the report stated. The proportion of individuals under 15 years is projected to decrease from 2011 to 2036, likely due to declining fertility, it stated.

FRBM Act and Rules. Goa chief minister Pramod Sawant holds the finance portfolio. Under Sawant, the fiscal parameters have shown tremendous improvement after the disastrous COVID period. This has been taken note of by the CAG in its report. The impact of Covid is visible in the state government financial performance till 2021-22. However, the actual turn around happened in 2022-23.

Will Breaking return in the 2028 Los Angeles Olympics? Breaking's popularity was off the charts in the Paris Olympics 2024 that just ended on August 11, with a grand Paris Olympics closing ceremony, that saw Hollywood stars, sports veterans and IOC officials set the stage ablaze at the Stade de France.

Squid Game Season 2, offering a glimpse into the next chapter of the globally popular series. The teaser introduces new players and hints at the return of familiar faces, setting the stage for another round of deadly competition. With Squid Game Season 2 set to premiere on December 26, 2024, fans are eager to see how the story unfolds and who will survive the dangerous games.

₹23.8 trillion, while that of State Bank of India (SBI) dipped 0.3% to stand at ₹49 trillion. “Most of the banks witnessed growth moderation along with some uptick in credit cost in Q1," Christy Mathai, fund manager—equity, Quantum AMC (Asset Management Company), told Mint. “Deposit mobilization remains the key focus for the banks and incrementally, the cost of deposits has moved higher than yield increases, impacting the net interest margins (NIMs).

England and Wales Cricket Board, there were heavy rumors around Thorpe's sudden death. On August 5, the shocking announcement of Thorpe's death, was quite unprecedented, as he was only 55 years of age. Tributes for the cricketing icon poured in from all across the world for his family and loved ones, but the concern around the reason of his death was under the shadows for some time.

the personal rebuttals from its chairperson, Madhabi Puri-Buch, and her spouse, Dhaval Buch, have sparked a political firestorm. The Opposition has linked the controversy to Parliament's abrupt adjournment on Friday, despite agendas being issued for Monday. Sebi claims Puri-Buch fulfilled all internal disclosure requirements and recused herself where necessary.

Foreign investors pulled a record amount of money from China last quarter, likely reflecting deep pessimism about the world’s second-largest economy.

Narendra Modi government over the Hindenburg Research's allegations against SEBI chairperson Madhabi Buch, the Congress on Monday threatened to launch a nationwide protest if its demand for a JPC (Joint Parliamentary Committee) probe into the matter is not accepted. AICC general secretary (Organisation), K C Venugopal, described the allegations as «very serious» and accused the Prime Minister of supporting Adani on the matter. «The Prime Minister's silence on the matter amounts to a destruction of credibility,» Venugopal told reporters at the airport here.

major domestic appliances saw an 18 per cent value-based growth in the first half of 2024, helped by a strong demand for essential household items, according to a report from GfK. The growth in MDA (major domestic appliances) market was led by Key categories such as air-conditioners and refrigerators, which reported a growth of 30 per cent and 7 per cent, respectively. «This growth is 3X of growth in 2023 over the previous year,» said the report from GfK, which is now an NIQ Company, a leading global market and consumer intelligence firm. The small domestic appliances market recorded a 29 per cent increase in value, reflecting heightened consumer interest in home convenience products, according to the report.

Pakistan Army on Monday took former General and former Inter-Services Intelligence (ISI) chief Faiz Hameed into military custody and initiated court martial proceedings against him, said the army's media wing. This move follows a detailed inquiry mandated by the Supreme Court of Pakistan to investigate allegations made in the Top City Case. This is the first time in Pakistan's history that a court martial has been initiated against a former intelligence chief, local media said. According to a statement from the Inter Services Public Relations (ISPR), the military has acted on the findings of the inquiry to address the complaints against Lt Gen Faiz Hameed (Retd). The court martial proceedings are being conducted under the provisions of the Pakistan Army Act.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Nevada ranked the second highest auto insurance rates in the country, according to Insurify.

Americans across the credit rating spectrum are driving up credit card balances and utilization as they feel the pinch from the higher cost of living.

₹945 crore. June quarter marks the fifth consecutive quarter of subdued revenue performance with growth being flattish in FY24 after two years of strong show. In the March quarter earnings call, Bata’s management had said it was seeing initial signs of demand recovery.

Family Feud, a popular game show when I was growing up, would ask contestants to guess how a group of people had answered a specific question. It served as a regular reminder of the importance of supplementing one’s thinking with external perspectives. If, in the tradition of Family Feud, we were to poll market participants about the turmoil we’ve seen since the worse-than-expected US jobs report, I suspect we would get quite specific responses on what is causing the global stock selloff as well as what would be the best circuit breaker to avoid further big losses.

Hina Khan is winning hearts across the Internet for coming out in support of Bangladeshi Hindus, who have been the target of communal attacks ever since the former Prime Minister Sheikh Hasina was made to resign after an uprising. Taking to X, the ‘Yeh Rishta Kya Kehlata Hai’ actress mourned how minorities become the casualties in every political upheaval and sent her prayers to the minorities of Bangladesh. “Every innocent death is the death of humanity, no matter what country caste or religion. No community should go through such horrific acts, what’s wrong is wrong. Preservation of minorities in any country is the symbol of their collective community nature. My heart goes out to every individual who’s suffering all around the world. Because for me, humanity comes first. I pray that the Hindus and other minorities of Bangladesh remain safe in their own country,” she tweeted.

Former President Donald Trump this week promised retirees that he would end the tax on Social Security benefits if elected – and policy experts have been quick to critique that idea.