Reports Financial News

Jeong Sang-ho, CEO of Delio, faced intense scrutiny in the second criminal trial held at the Seoul Southern District Court on June 25, where he said investors’ deposits were not “principal protected.”

Lok Sabha Speaker Elections: For the first time in Lok Sabha history, an election for the Speaker's post will take place on Wednesday. The BJP's ruling NDA government and the Congress-led INDIA opposition could not reach a consensus, leading to this unprecedented scenario.

YES Bank, Sanghi Industries, ZEE, Mahindra Finance among others will be in focus due to various news developments. Restaurants Brand Asia Goldman Sachs Funds sold nearly 48 lakh shares worth Rs 50 crore in Restaurants Brand Asia (RBA) on Tuesday through a block deal.

German police authorities after they allegedly blackmailed and tried to extort Formula One legend Michael Schumacher's family by claiming that they had some secret files on the F1 driver from his prime, which could expose him and tarnish his reputation, once the files are placed on the dark web, says The Sun's report. The suspects were caught and taken into custody on June 19 and the interrogation is currently in progress. Apparently, family employees who were close to wife Corinna Schumacher were approached by the father-son pair who claimed to expose the F1 driver and his 'secrets'.

Foreign and Commonwealth Office (FCO) has issued a warning after more than 14 cases of meningococcal disease were detected in those who were returning from Saudi Arabia after undertaking the Umrah pilgrimage. The Travel Health Pro website which is supported by the FCO listed down these cases and revealed that as of June 21, a total of 5 such cases were reported from the US, four in France, three in the UK and one each in Norway and in the Netherlands. The situation is being monitored by the health authorities in the UK. Invasive meningococcal disease is a significant cause of meningitis and septicaemia. It is a bacterial infection which results in the death in one among ten cases.

aircrafts which had taken off from an airport in Lithuania disappeared and were smuggled into Iran. These two aircrafts were flying to Sri Lanka and Philippines. This is not the first time that Iran has smuggled aircrafts into the country. It has been reported by Metro that the two aircrafts changed their path and disappeared after entering the Iranian airspace. Further, authorities in Lithuania prevented a third aircraft from taking off. Iran has been sanctioned by many of the western countries including the US. This incident is alleged to have taken place in February.

Kanye West, controversial rapper, has sent the entire real estate world, into a frenzy after demolishing an entire beachfront mansion in Malibu, priced at $53 million, that was designed by a very popular Japanese architect. This luxe mansion was purchased by West in September, 2021, which has then gone under the hammer and seen its prices depreciate by almost $14% due to the renovations and destruction, as per the plans of West, says NY Post.

Snapchat is introducing a suite of new safety tools designed to shield teenagers from the dangers of sextortion, enhancing the platform's commitment to user protection, as per a report on CNN. On Tuesday, Snapchat unveiled a series of new safety features, including enhanced warning pop-ups. These alerts will activate when a teenager receives a message from someone who is not a mutual friend or listed in their contacts, aiming to bolster user security.

Ralph Lauren, the all-American brand, is now, for the ninth time, the outfit designers for the US Olympic and Paralympic participants taking part in the upcoming Paris Olympics 2024, scheduled for July 26 to August 11, this year. This is the ninth time Ralph Lauren has taken up the onus of working on Team USA's outfits and giving it the artistic touch it needs, says an NY Post report.

Two Raymond James Financial Services Inc. financial advisors on Monday were barred from the securities industry for not cooperating in investigations, according to the Financial Industry Regulatory Authority Inc.; both had previously been flagged by Raymond James for selling products to customers the firm had not signed off on as well as selling away, which involves offering clients investments that are not approved by the firm.

Fintech platform Altruist has unveiled a new raft of tools to help independent advisors manage their clients’ portfolios in a more tax-efficient way.

More Canadians are getting help from family to buy their first home — and they’re getting substantially more money to do it than a few years ago, according to new research published by CIBC.

Amazon India has admitted to workplace safety lapses at its warehouse in the National Capital Region. In its submission to the central labour commissioner, the company accepted that there was a violation of workplace safety standards on May 16, 2024, at its Manesar warehouse and assured the government of a prompt corrective action. In a detailed response to the central labour ministry's query on the matter, seen by ET, Amazon India said one of the employees at the building did lead a small subset of employees and associates in a pledge after both the breaks had been taken, thinking it to be a motivational exercise for the team. «This was an unfortunate and isolated incident, and a clear violation of our workplace safety standards,» it said in a letter submitted to the government. «Prompt disciplinary action has been taken against this employee,» it said. ET has seen Amazon's response to 10 workplace safety and standard related questions raised by the government after reports emerged its employees were forced to take a pledge that they «will achieve the target, and refrain from using the washroom and avoid drinking water.»

Bianca Censori keeps on hitting the headlines from time to time with her risque, attention-grabbing dresses and has emerged as one of the most photographed celebrities of her time. She has shocked her fans, the modeling world and many others with her unexpected outfits. Who is the man who guides or advises her in taking these unexpected extremes? Her husband Kanye West? No, a fellow Aussie model turned clothing designer, Gadir Rajab is the person who helps Censori shock the world.

Kim Kardashian arrived at the Summerfest to watch SZA perform, she could not have thought in her wild imagination that she would get a marriage proposal and that too from the most unexpected quarters. But it happened. Just three months after breaking up with Odell Beckham Jr, a fan asked her publicly if she would marry him. Kim Kardashian herself shared the clipping of the video on her Instagram account. The fan can be seen trying to catch Kim's attention by displaying a rather bold question on his mobile screen. He flashed on the phone, «Kim k will u marry me?»

Arvind Kejriwal in relation to the Excise Policy case. CBI also got permission for Arvind Kejriwal's production before the concerned trial court tomorrow. He will be produced before the court tomorrow, reported news agency ANI. Earlier during the day, the Delhi High Court stayed the trial court order granting him bail in the money laundering case arising from the alleged excise scam, holding that the lower court did not «appropriately appreciate» the material placed before it by the Enforcement Directorate. A vacation bench of Justice Sudhir Kumar Jain said the ED's contentions assailing the bail order required serious consideration.

Financial Action Task Force (FATF) is likely to be taken up by the inter-governmental body after the plenary session which starts from June 26 in Singapore, said officials aware of the matter. The focus will be on the number of money laundering cases registered by the Enforcement Directorate (ED). The report on India's anti-money laundering and counter-terror action will be released on June 28, they added. According to officials, the last mutual evaluation was conducted in 2009 and was delayed due to the Covid-19 pandemic. According to FATF, the international policy making body conducts mutual evaluations of its member countries by evaluating levels of implementation of the FATF recommendations. The main sources of money laundering in India result from a range of illegal activities committed within and outside the country, mainly drug trafficking, fraud, counterfeiting of Indian currency, transnational organised crime, human trafficking and corruption. The CBI and ED are among the lead agencies investigating cases of corruption and money laundering. The Prevention of Money Laundering Act, 2002 came into force in 2005 and was amended in 2009. According to ED, it has recorded 5,906 Enforcement Case Information Reports, of which 3,867 cases were registered in the past five years till March 31, 2023.

Rescue workers are combing through the charred ruins of a factory building near South Korea's capital to find any more victims of a fire that killed 22 people, mostly Chinese migrant workers

character-driven chatbots mark a departure from existing models, with the focus on engaging, conversational interactions rather than just providing information. The development process has been underway for some time, and Google is exploring the potential to model these bots after well-known figures or allow users to create unique personas based on their own imagination.The report further suggests that Google might collaborate with social media influencers to develop chatbots that reflect their personalities.

Following the 2007-2008financial crisis, central banks from 28 countries and bank regulators devised an international regulatory accord called Basel III. Published in 2010, it promised common standards for measuring, reporting and managing financial risk across all 28 jurisdictions by imposing new, higher capital charges — the money a bank holds in reserve to cover bad loans and losses from trading stocks, bonds, derivatives and other financial products.

When it comes to Canada’s productivity emergency, “the entire country is feeling the pain.”