Reports Financial News

LinkedIn said it's reviewing the order of the ministry of corporate affairs (MCA) to determine its next move after the ministry slapped penalties totalling ₹27.1 lakh on the Microsoft-owned professional networking platform and top executives, citing violation of the significant beneficial owner (SBO) norms under the Companies Act, 2013. In an email reply to ET, a LinkedIn spokesperson said: «We comply with the laws of the countries we operate in.

Retirement account balances have reached their highest levels in over two years, driven by record-high contributions and favorable market conditions, according to Fidelity Investments’ first-quarter 2024 retirement analysis.

human trafficking racket being busted in Andhra's Visakhapatnam recently. Andhra Pradesh police said on Tuesday that around 300 Indians 'revolted' against their handlers in Cambodia on May 20, leading to most of them being arrested in the foreign country."As many as 150 youth from the port city and its vicinity have been stuck in Cambodia for a year already, where they are being coerced to carry out cyber crime and ponzi scams by Chinese handlers," police were quoted by news agency PTI as saying.Meanwhile, Visakhapatnam Police Commissioner A Ravi Shankar said many people called up Visakha city police whatsapp numbers and sent videos.

Yadav said, "Mahaul tana-tan tana-tan tana-tan, BJP safa-chat, safa-chat safa-chat, INDIA alliance ko vote mil raha hai thaka-thak, thaka-thak, thaka-thak."By this, he meant the atmosphere is absolutely stunning, the BJP will be ousted from power at the Centre and citizens are voting for the INDIA bloc in the Lok Sabha Elections 2024.Yadav's reaction was a response to a question about PM Modi and Amit coming to Bihar to campaign for the Lok Sabha elections. Amit Shah is scheduled address rallies in Bihar's Ara at 11:30 am on Friday.

Dehradun, was found dead in his hostel room on May 17, days after facing rejection of his thesis by a professor, India Today reported.According to an India Today report, Divesh Garg's family has pointed fingers at the relentless harassment by his professors, accusing them of driving him to take his own life. The father also alleged that the professor even demanded ₹5 lakh to pass Divesh Garg.Garg's father stated that around 10:40 pm on May 17, they received a call informing them that their son's body was in the mortuary, barely twelve hours after the latter had called his parents asking for help to be 'taken away'.

NCLT) has granted more time to Hinduja Group-owned IndusInd International Holdings (IIHL) for securing the remaining regulatory approvals required to complete the resolution process of bankrupt Reliance Capital, according to two people aware of the matter. The order was delivered on IIHL's application on Wednesday, requesting an extension of the 27 May deadline for paying ₹8,000 crore to acquire Reliance Capital.

Raymond James is further solidifying its presence in the northeast as it welcomes a team from Merrill Lynch to its employee advisor channel.

Two leaders at the SEC have spoken out against the regulator’s multimillion-dollar penalty against Intercontinental Exchange, the parent firm of NYSE, and its subsidiaries over a failure to promptly report a breach in its data security protocols.

In this article

AP reported Bangkok's Samitivej Srinakarin Hospital as saying.According to the report, 27 people remained in intensive care, and a 73-year-old British man died after the flight ran into bad turbulence over the Andaman Sea. This led to hurling items and passengers and crew members around the cabin.The hospital's public relations officer stated that other local hospitals have been asked to lend their best specialists to assist in the treatments.

PTI report.On Thursday, “Air India CHRO Ravindra Kumar GP announced salary increments for employees, with effect from April 1, 2024, as well as performance bonus payouts for FY 2023-24 based on company and individual performance," PTI said citing sources.ALSO READ: Passengers recall harrowing moments of Air India Express flight catching fireThe airline is in the process of revamping itself under a five-year transformation plan, announced In late 2022.Since the Tata Group took over the loss-making airline over two years ago, this is the first appraisal process for Air India staff.It is providing competitive salary increments to attract and retain talent as part of larger efforts to have a performance-driven and meritocratic culture among the employees, said the report.The annual appraisals, based on the new Performance Management System (Rise.AI), have been given to all employees, who joined before December 31, 2023, including ground staff, cabin crew and pilots.The airline has around 18,000 employees. ALSO READ: Vistara warns of traffic congestion in Varanasi as Modi to file nomination today“CHRO Kumar said that in the last financial year, the airline achieved key milestones of laying strong foundations for growth and transformation," as per the PTI report.

Palanpur Civil Hospital reported that the gas spread in the vicinity, causing breathing difficulties for residents. Approximately 60-70 individuals were transported to the hospital, with one patient in critical condition requiring ventilator support. Presently, around 30 patients remain under medical care.Akshayraj Makwana, SP Banaskantha said, “Today around 6 pm, an incident of gas leakage was reported in the area near the Malan Darwaja of Palanpur city area.

Canada Pension Plan Investment Board’s exposure to investments in yuan has fallen by half in just two years, as the money manager pulls back in the world’s second-largest economy because of higher risks.

Tesla has left out its goal of delivering 20 million vehicles a year by 2030 in its latest impact report, another sign the company is tempering its auto ambitions as it shifts focus to robotaxis. Musk said in 2020 that Tesla aspired to sell 20 million vehicles by the end of the current decade — nearly twice as many as those sold by Toyota, the world's largest automaker. «Our goal is to build and deliver 20 million vehicles a year by 2030. To achieve this goal, we need to make our products even more accessible,» the company had said, while reiterating the goal in its 2022 impact report.

Retailers in the UK on Wednesday warned the public not to bulk-buy items after the government advised people to have three days’ worth of tinned food and water in case of an emergency. “While it is sensible to have some additional food at home, most households will find they already have sufficient non-perishables sitting in the cupboard,” said Andrew Opie from the British Retail Consortium, which represents supermarkets and other retailers, FT reported. The government has launched a ‘Prepare’ website. «Consider what supplies you and your household might need during an emergency lasting a few days, such as a power cut or water outage, or situations where you are advised to stay at home or to leave your home for safety reasons,» the website says.

Puravankara Limited, a Bengaluru-based real estate development firm, has achieved pre-sales of Rs 5,914 crore, up by 90% year-on- year for FY24, driven by new launches and home buyers’ demand. The firm has launched 12 projects with a saleable area of 9.47 million square feet, reinforcing its expansion into high- potential micro-markets for the fourth quarter (Q4FY24) ending March 31, 2024.

will burn rather than generate cash in 2024 and deliveries aren't expected to increase in the second quarter, the company's finance chief said Thursday, as the U.S. planemaker grapples with a full-blown crisis that is weighing on production of its strongest-selling aircraft. CFO Brian West told the Wolfe Research Global Transportation and Industrials Conference that he expects Boeing's full-year free cash flow to be negative, compared with a March outlook for positive cash generation in the low single-digit billions.

Investments by private equity and venture capital funds declined by 35 per cent to USD 4.4 billion in April compared with USD 6.8 billion in the year-ago period, a report said on Thursday. The number of deals in April stood at 98, which was 56 per cent higher than the year-ago period, the report by EY, a consultancy firm, and industry lobby grouping IVCA said. "PE/VC investors continue to remain cautious due to global uncertainties, geopolitical tensions, and the ongoing Indian general elections," the consultancy firm's partner Vivek Soni said, adding that the activity will be subdued till the outcome of the election is decided. In April 2024, there were nine large deals of over USD 100 million, worth USD 3.1 billion, which is a 48 per cent decrease compared to the USD 6 billion across 11 deals in April 2023, the report said.

Rajasthan continues to battle rising temperatures, five deaths due to suspected heat stroke were reported in the state on Thursday. The mercury soared to 48.8 degrees Celsius in Barmer, the highest temperature recorded this summer season, according to Met Centre Jaipur. Five peacocks were also found dead in Khairthal district, officials said. Barmer was followed by Phalodi with maximum temperature at 48.6 degrees degrees, Fatehpur at 47.6 degrees Celsius, Jaisalmer at 47.5 degrees Celsius, Jodhpur at 47.4 degrees Celsius, Jalore at 47.3 degrees Celsius, Kota at 47.2 degrees Celsius and Churu at 47 degrees Celsius, the Met Centre said.

Poco plans to sell 10 million mobile phones in two years and aims to be among top-five players from the third year onwards, a senior official of the company said on Thursday. Poco recently pipped OnePlus to capture seventh spot in overall smartphone category with 5.9 per cent market share and sixth position among Android smartphone brands, as per market research firm IDC. «We have very ambitious target for the next two years and we want to get into the 'big boys club', which means we want to hit 10 million-mark in sales and then challenging the top five brands in the next 2-3 year,» Poco India country head Himanshu Tandon said on the sidelines of Poco F6 smartphone launch event. As per IDC, Poco shipments in India grew by about 72 per cent year on year.

ITC on Thursday reported a marginal 1.3% year-on-year drop in standalone net profit at Rs 5020.2 crore for the fourth quarter ending March, while revenue from operations went up by 1.4% at Rs 17752.87 crore in the period under review. The company said excluding the agri-business (which was severely impacted due to government restrictions in trade of agri-commodities), the company’s gross revenue during the fourth quarter has gone up by 6% y-o-y, while it reported the highest ever fourth quarter profit before tax.