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Tata Steel UK's decarbonisation process with the release of an initial GBP 13.5 million of funding, also available to affected workers for them to retrain or acquire new skills for the employment market. In a statement from the Wales Office on Monday, the government said the funding from the Tata Steel/Port Talbot Transition Board fund will support local businesses which are heavily reliant on Tata Steel as their primary customer, allowing them to turn towards new markets and customers where necessary. At a meeting last week, the board discussed how the funding will be allocated, monitored and evaluated to ensure «value for the taxpayer». «This funding is an important step towards supporting workers affected by Tata Steel's transition and businesses in the wider supply chain,» said Jonathan Reynolds, UK Business and Trade Secretary.

Supreme Court on Tuesday gave a go ahead to the liquidator to conduct auction of the assets of Samrudhhi Realty to recover debt of around Rs 5,000 crore. However, a bench led by Justice Abhay S Oka said that if an auction of any of the assets of Essel Finance Advisors and Managers LLP is conducted, it will be subject to the final outcome of the appeal. Essel Finance had challenged the NCLAT's order that «erroneously» dismissed its appeal and upheld the NCLT's May 2024 order directing it to defray their portion of the liquidation process costs.

Innovision Limited, provider of manpower services, toll plaza management and skill development training, has filed its draft red herring prospectus (DRHP) with capital markets regulator Sebi to raise funds through an IPO. The IPO, with a face value of Rs 10 each, is a mix of fresh equity issue of Rs 315 crore and an offer for sale of up to 11.81 lakh shares by promoter selling shareholders.

data breach last week. Cybercriminals gained access to the personal information, including Social Security numbers, of billions of Americans in the shocking and harrowing data breach at National Public Data last week. It is alleged that the breach contains data dating back at least thirty years, and the fact that Social Security numbers are among the data has sparked a lot of privacy concerns. Are you pondering if it affected you and were you also among the victims? Here's how to ascertain it.

Manjushree Technopack filed their respective DRHPs with capital markets regulator to raise funds through an IPO. The IPO of Unimech is a combination of fresh equity issue of up to Rs 250 crore and an offer of sale (OFS) up to Rs 250 crore by promoter and promoter group selling shareholders.

Additionally, the right fit and breathability are crucial for preventing injuries and ensuring long-lasting comfort. Whether you are a seasoned athlete or just starting out, selecting high-quality footwear can make a significant difference in your game. Explore this range of top-rated basketball shoes designed to cater to various needs and preferences, ensuring you stay ahead of the competition and perform at your best with confidence and ease.

Manipur government has warned that anybody without exception shall be prosecuted under relevant provisions of laws of the land, if found involved in spreading such unfounded and baseless contents through any media or posting and sharing of such contents, which will escalate law and order issues in the State and derail the efforts put so far toward bring normalcy and peace in the State. The state government in statement stated It is to bring to the information of General Public that except for some very low Scale sporadic incidents, the law-and-order situation in the State has improved in the last 3-4 months with relentless efforts of the State and Central Governments and there is no large-scale confrontation. In this regard, State Government appreciates the efforts put by Security Agencies including both Central and State Forces.Unfortunately, the State Government had to issue Press Release dated 07-08 2024 on the viral doctored audio clips meant to incite communal violence and derail various peace initiatives being started by both State and Central Governments at multiple levels, thereby claiming the doctored clips to be that of Chief Minister.

Fleiß, which can translate as diligence or industriousness. Fleiß shaped the political conversation during the eurozone debt crisis of 2010, when many German voters resented having to bail out their Greek cousins who retired at 57 and, going by the news footage, seemed to spend their lives sipping espresso on cafe terraces. Fast-forward to today and the average Greek worked 1,897 hours last year, according to the OECD, 554 hours more than the average German.

Nifty ended Tuesday’s trading session with a gain of 126 points to end near the 24,700 level and form a small positive candle with minor upper shadow on the daily chart. The underlying trend of Nifty remains positive. A sustainable move above the hurdle of 24,700 levels could open the next upside target of 25,000-25,100 in the near term. Immediate support is at 24,500 levels, said Nagaraj Shetti of HDFC Securities.

Zurich, Switzerland – 20 August 2024

Gold prices saw the sharpest gain in the past one month and rallied by Rs 1,400 to touch Rs 74,150 per 10 grams in the local market on Tuesday, amid strong global cues. The precious metal had closed at Rs 72,750 per 10 grams in the previous session on Friday. Silver price also climbed by Rs 3,150 to Rs 87,150 per kilogram from Rs 84,000 per kg in the previous close.

Markets (NISM)) and FPSB India (Financial Planning Standards Board) have come together to launch a Postgraduate Program in Financial Planning along with a series of capacity building initiatives for the securities market’s ecosystem, a media release said. An MoU was signed between FPSB India CEO Krishan Mishra and NISM Registrar Sunil Kadam and aligns with the Union Budget 2024’s focus on skilling and employability, paving the way for enhanced career opportunities for finance professionals.

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...

NPAs) from both corporate as well as private sector and increased competition from the government backed National Asset Reconstruction Co Ltd (NARCL) will lead to fall in assets reconstruction companies' (ARCs) AUM this fiscal, a report by Crisil Ratings said. Assets under management (AUM) of ARCs, as measured by security receipts (SRs) outstanding, is expected to fall by 7% to 10% this fiscal as acquisitions will trend lower, while redemptions, which have strengthened in recent years, are likely to remain healthy. SRs are issued by ARCs while buying NPAs from banks and NBFCs. These are redeemed when the ARC manages to recover from the defaulter. CRISIL estimates private ARC AUM at Rs 1.2-1.25 lakh crore by the end of fiscal 2025, down from Rs 1.35 lakh crore the previous fiscal. ARC AUM has risen consistently from Rs 1.08 lakh crore in fiscal 2020 to Rs 1.35 lakh crore in March 2024, Crisil data shows.

Ankur Capital, which backs startups in agritech, climate and deeptech, has raised fresh capital commitments from existing backers British International Investment (BII) and MacArthur Foundation for its third fund. The latest fund, for which the target is Rs 1,200 crore ($150 million), has already raised capital from US International Development Finance Corporation and Self-Reliant India Fund, a central government initiative under the Ministry of Micro, Small and Medium Enterprises. “BII and MacArthur Foundation are returning investors in this fund as they were limited partners in our second fund…We continue to be a pre-series A investor and continue to look at companies at that stage,” Ritu Verma, managing partner, Ankur Capital, told ET.

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...

«The next resistance for the Bank Nifty is at 51,900 to 52,000. So, I feel that market should do well. Bank Nifty should lead from here and at least I am expecting 1000-point rally in next three to four sessions in the Bank Nifty,» says Vinay Rajani, HDFC Securities. Firstly, if you look at the markets, it is 140 points up today, 24,700. We have also claimed the 2nd August highs that we had seen. So, how are you looking at the Nifty trajectory from here on? Vinay Rajani: So, basically, for the last four trading sessions Nifty has been rising and the all-time high for the Nifty was placed at 25,078, which was registered on 1st August and from that level we witnessed a correction and that correction went up to 23,900 odd level. If we were to take the 61.8%, which is the Fibonacci retracement level, Nifty has managed to close, it has surpassed that level, 24,625 was the level precisely, that retracement level that has been taken out. We have also taken out the crucial gap resistance, which was there around 24,686. So, now it is trading above that.

Bharat Electronics Ltd. gained 0.13 per cent to Rs 302.4 in Tuesday's trade. It hit a high of Rs 303.15 and low of Rs 297.8 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 225.42, while the 50-DMA was at Rs 308.5. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Info Edge (India) Ltd. slipped 0.06 per cent to Rs 7385.6 in Tuesday's trade as of 01:24PM (IST). The stock hit a high price of Rs 7426.0 and low of Rs 7364.0 during the session. The return on equity (ROE) for the stock stood at 1.91 per cent. Traded volume on the counter stood at 01:24PM shares and turnover at Rs 0.89 crore around that time. The stock of Info Edge (India) Ltd. quoted a 52-week high price of Rs 7455.05 and 52-week low prices of Rs 3973.15, respectively.

Police in Russia and Belarus have made 60 arrests in a raid on a crypto exchange they claim was a front for a money-laundering gang.

Live Updates: From early beginners to aggressive investors, it is impossible to ignore mutual funds while planning a long-term investment strategy. Similarly, it is unthinkable to manage mutual fund investments without Livemint’s coverage of MF news, returns, NAVs, fund managers, SIP, NFOs, equity MFs, and other mutual fund schemes.