Schools Financial News

Loan portfolio of microlenders reduced by 2.3 per cent quarter-on-quarter to Rs 4.32 lakh crore in April-June while NPAs surged, a report said. Notably, for the last few months, microfinance institutions, banks and small finance banks which extend MFI loans, have been reporting challenges on this portfolio, and the regulator has also flagged the same. Over-leveraging among the borrowers is being flagged as a key aspect, impacting asset quality. The report by Crif High Mark, a credit information company said, there was 17.2 per cent increase in the borrowers having more than five active loan accounts in June when compared with the year-ago period, with highest growth seen in West Bengal and Karnataka.

Playboy magazine is one of the biggest brands in terms of the fashion business, and Cooper Hefner, Hugh Hefner's son, is now interested in buying back the Playboy brand and run the intellectual property by themselves. The new entity formed will now get a 10% ownership stake in this new venture of the brand. Meanwhile, Hefner has revealed, according to the NY Post, that he would be assuming the responsibility of the company's CEO from now.

gold loan disbursements during the transition phase and curb growth in the business," the note by Crisil said. It can be noted that a few weeks ago, RBI had flagged certain irregular practices in loan against gold jewellery and asked lenders to comprehensively review their policies, processes and practices to identify gaps and initiate remedial measures in a time-bound manner. The notification had flagged deficiencies in the monitoring of the loan-to-value (LTV) ratio, asset classification norms for overdue loan accounts, and inadequate due-diligence in monitoring the end-use of gold loans.

work from home on Wednesday, October 23, due to a heavy rain forecast in the Bengaluru Urban district. This would be the second time in two weeks that the government has recommended WFH for private companies. “The India Meteorological Department (IMD)—Met Centre Bengaluru has issued a yellow warning for Bengaluru Urban, effective from 1:30 PM on October 22 to 8:30 AM on October 23. The warning indicates potentially bad weather conditions due to heavy rainfall,” said Champa E, General Manager of KITS, adding that the safety and well-being of the employees should be prioritised in such circumstances. Bengaluru Urban District Commissioner G Jagadeesha also issued a directive declaring a holiday for all schools; however, there is no such order for colleges.

“Digital will be one of the competitive advantages for Air India. We want to be the most technologically advanced airline in the world,” Satya Ramawamy, Chief Digital and Technology Officer at Air India. The airline, which lacked any modern technology in its daily functioning before privatisation, has invested heavily to upgrade its digital capabilities including investing in artificial intelligence.

South Korea has warned that it might consider supplying weapons to Ukraine following allegations that North Korea has sent troops to Russia to bolster Moscow's military efforts in Ukraine. South Korean officials view these developments as a serious security threat, as they fear that Russia may reciprocate by providing North Korea with advanced weapons technologies that could enhance its nuclear and missile capabilities aimed at South Korea.

Amit Shah on Tuesday inaugurated welfare schemes at National Dairy Development Board's (NDDB) diamond jubilee celebration at Anand. “To place a cooperative produce in the market through branding and empowering cooperatives to compete properly with the corporates is our success, claimed Union Home Minister and Minister of Cooperation Amit Shah. He was inaugurating several farmer welfare schemes worth Rs 300 crore during the National Dairy Development Board's (NDDB) diamond jubilee celebration along with the commemoration of birth anniversary of Shri Tribhuvandas Patel in Anand. Speaking on the occasion, Shah said “Today, our Amul brand holds the top position globally, which is a significant achievement for us” adding that farmers of apricots from Ladakh, apples from Himachal, and pineapples from Meghalaya will benefit from the initiatives launched today.

polymer production capacity could double by 2030, according to government estimates, exceeding 15 million tonnes. The largest new project in the country will be SIBUR’s Amur Gas Chemical Complex, with a production capacity of 2.7 million tonnes of polyethylene and polypropylene per year. Setto launch in 2027, the complex is well positioned to tap into thegrowing potential offered by Asian markets.

West Bengal has immense growth potential in the carbon black industry as the sector is expected to witness increasing demand from the electric vehicle (EV) market and battery manufacturing, an official said on Tuesday. Speaking at the Asia Pacific Carbon Black Conference, state Chief Secretary Manoj Pant highlighted the projected compound annual growth rate (CAGR) of 4.8 per cent for the sector over the next decade and invited industrialists to invest in the state's emerging industrial landscape. «There is tremendous potential for growth in this industry, particularly as EV demand rises and carbon black becomes integral to both tyres and battery components,» Pant said. He reaffirmed the government's commitment to fostering industrial growth and attracting investments while emphasising ongoing efforts to improve infrastructure and streamline policies to create a business-friendly environment.

Türkiye has introduced a series of regulatory changes that relax work permit requirements for refugees and foreign nationals. The revised regulations, published in the Official Gazette, offer temporary work permit exemptions to certain groups, including refugees and professionals delivering essential services. The Ministry of Labor and Social Security announced that the new rules will simplify the exemption process and extend the validity period for which specific foreign workers can operate without a permit.

Lidia Thorpe interrupted King Charles during a parliamentary reception on his visit to Australia, shouting accusations of historical wrongs committed against Indigenous Australians. «You committed genocide against our people. Give us our land back. Give us what you stole from us—our bones, our skulls, our babies, our people,» Thorpe declared, according to a viral video that captured the event. The 51-year-old senator was quickly escorted out by security personnel. Thorpe’s actions sent shockwaves through Parliament, where many lawmakers and dignitaries were present. Former Australian Prime Minister Tony Abbott, who attended the event, referred to the senator’s outburst as «unfortunate political exhibitionism.» Later, Thorpe defended her actions, telling the BBC, «To be sovereign, you have to be of the land. He is not of this land.»

France has announced its decision to maintain internal border controls until April 30, 2025, due to heightened terrorist threats and concerns over irregular migration. The French authorities formally notified the European Commission that border controls with neighboring Schengen countries—Belgium, Spain, Luxembourg, Switzerland, Germany, and Italy—will not conclude on October 31, 2024, as initially scheduled. The extension follows the country's ongoing concerns over public safety. France's current border control measures will end on October 31, 2024, and a new set of controls will take effect from November 1, 2024. The decision comes amid threats related to terrorist activities, the presence of criminal networks involved in illegal migration, and migration flows that could potentially include radicalized individuals.

«A snake was found on the berth of train number 17322 (Jasidih to Vasco Da Gama),» he wrote, urging quick action due to the serious nature of the situation. «Please take immediate action,» he added, emphasizing the need for a prompt response.

Triveni Engineering & Industries Ltd, which makes sugar and engineered-to-order turbo gearbox, has entered into Indian-Made Foreign Liquor (IMFL) business with launch of premium whisky brands in Uttar Pradesh. In a regulatory filing on Tuesday, Triveni informed that it has launched premium and super premium whisky brands 'Matsya Triple Reserve Blended Whisky' and 'The Crafters Stamp Rare Artisan Blended Whisky', respectively in Uttar Pradesh. «The current annual production capacities for these brands are 1,35,000 liters and 4,20,000 litres, respectively. Both whisky brands have been launched across 25 districts of Uttar Pradesh in July 2024,» it said. Triveni plans a roll out across the state by FY'26, covering over 5000 retail outlets.

Cyclone Dana is likely to make landfall between north Odisha and West Bengal coasts between Puri and Sagar Islands, the India Meteorological Department (IMD) has said. The low-pressure area developed over the east-central Bay of Bengal and adjoining the north Andaman Sea is likely to intensify into a depression by October 22 morning. «The depression over Eastcentral Bay of Bengal moved west-northwestwards with a speed of 6 kmph during past 3 hours and lay centred at 0830 hrs IST of today, the 22nd October, over the same region near latitude 15.5° N and longitude 91.0°E, about 700 km southeast of Paradip (Odisha), 750 km south-southeast of Sagar Island (West Bengal) and 730 km south-southeast of Khepupara (Bangladesh),» the IMD said in its latest weather bulletin. «It is very likely to move west-northwestwards and intensify into a cyclonic storm by 23rd October, 2024 over eastcentral Bay of Bengal. Thereafter, continuing to move northwestwards, it is very likely to intensify into a severe cyclonic storm over northwest Bay of Bengal by morning of 24th and cross north Odisha and West Bengal coasts between Puri and Sagar Island during night of 24th and morning of 25th October, 2024 as a severe Cyclonic Storm with a wind speed of 100-110 kmph gusting 120 kmph,» it added.

AAP supremo Arvind Kejriwal of spending taxpayers' money on personal comfort during his tenure as Delhi chief minister. The BJP leaders alleged that Kejriwal spent crores on lavish items and modern facilities at his official residence at 6 Flagstaff Road. Kejriwal after resigning as Delhi Chief minister vacated the Flagstaff Road bungalow in Civil Lines earlier this month. In a protest near Kejriwal's current residence on Firozshah Road, Delhi BJP president Virendra Sachdeva alleged that 15 toilet seats installed at "Sheeshmahal" (Flagstaff Road bungalow) after spending lakhs of rupees were missing.

The assets under management (AUM) of equity mutual funds has surged by 3.10% sequentially to Rs 26.43 lakh crore in September 2024 from Rs 25.64 lakh crore in August 2024 (excluding sectoral / thematic funds), according to latest study on mutual fund performance analysis by PL Wealth Management.

Donald Trump surrogate Elon Musk's offer of a million dollars to one registered voter in a swing state every day until the US Election Day on November 5 has raised questions about the legality of such a move. While Democratic candidate Kamala Harris's campaign has not commented on the contest, Josh Shapiro, the Democratic Governor of Pennsylvania, said on NBC's Meet the Press: «I think it's something that law enforcement should take a look at.» Musk, the world's richest man, announced the contest Saturday in Pennsylvania, one of the seven "swing states" that will likely determine who will become the next US president — Harris, or Republican Trump.

National Health Commission (NHC) has released its first set of guidelines aimed at standardising the diagnosis and treatment of obesity, as over half of the adult population is currently classified as overweight or obese. This trend is expected to continue, with projections suggesting that by 2030, the obesity rate could reach 65.3 per cent. Published on October 17, the guidelines highlight the growing public health crisis posed by obesity in China, which is now recognised as the sixth leading risk factor for death and disability in the country. However, the country faces a dual challenge contributing to this issue.