Services Financial News

Ashok Leyland, incorporated in the year 1948, is a Large Cap company (having a market cap of Rs 54523.88 Crore) operating in Auto sector. Ashok Leyland key Products/Revenue Segments include Commercial Vehicles, Spare Parts & Others, Sale of services, Engine & Gensets, Ferrous Castings, Scrap, Export Incentives, Other Operating Revenue for the year ending 31-Mar-2022.Financials For the quarter ended 30-06-2023, the company has reported a Consolidated Total Income of Rs 9735.45 Crore, down -26.43 % from last quarter Total Income of Rs 13233.16 Crore and up 34.31 % from last year same quarter Total Income of Rs 7248.49 Crore.

Nigerian social payments platform Bundle plans to cease its crypto exchange services and instead focus on its peer-to-peer platform Cashlink. 

capital market ecosystems while adopting platform-driven product design and delivery approach to service the clients’ needs. They particularly note the growth potential in the emerging international segment, bolstered by the strategic acquisition of Hexagram’s fund accounting platform, while Indian MF RTA and issuer solutions provide a direct play on the surging Indian domestic capital markets and prospective AUM growth. Based on a projected FY25E EPS of Rs15, the recommendation is to initiate a BUY on the stock with a target price of ₹450.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

Nigerian social payments app, Bundle announced on July 20 that it is shutting down its crypto exchange arm. 

Chandrasekhar has said in the Parliament that government authorities had not shut down the services of American microblogging site Twitter and did not raid homes of executives of Twitter for hosting content of farmers' agitation during 2021. This allegation was first made by former Twitter CEO Jack Dorsey in a television interview, which was repeatedly denied by Chandrasekhar on his social media handle.

The Central Railway in its 3:30 pm update said it all section trains are running while Harbour line trains are running 20-30 minutes late. The Central Railway also said that no long distance trains has been rescheduled as of yet.

Supreme Court has said a five-judge constitution bench will examine whether Parliament can «abrogate the constitutional principles of governance» for the Delhi government by making a law to take away its control over services. The Centre recently issued an ordinance on the Delhi services matter by exercising its powers under Article 239-AA, a special provision in the Constitution pertaining to the national capital. The top court, which on Thursday referred to a constitution bench the Delhi government's plea challenging the Centre's ordinance, uploaded its order on its website containing the legal questions to be dealt by the larger bench. «We accordingly refer the following questions to a constitution bench: (i) What are the contours of the power of Parliament to enact a law under Article 239-AA(7); and (ii) Whether Parliament in the exercise of its power under Article 239-AA(7) can abrogate the constitutional principles of governance for the National Capital Territory of Delhi (NCTD),» said the order passed by a bench of Chief Justice D Y Chandrachud and justices P S Narasimha and Manoj Misra. A 10-page order, penned by the CJI, said there were two preliminary issues which arose for the consideration by a larger bench. «The first is on the import of Section 3A (of the ordinance). Section 3A removes Entry 41 (services) of List II (State List) from the legislative competence of the NCTD. On the exclusion of Entry 41 from the NCTD's legislative power, the government of the NCTD ceases to have executive power over services because executive power is co-terminus with the legislative power,» the order said.

share price of RIL ex-JFSL was valued at ₹2,580 per share while Jio Financial Services at ₹261.85 per share.  In line with RIL's exchange filing on the subject of the cost of equity shares post the demerger, the cost must be apportioned as 95.32% towards Reliance Industries Limited and the residual as cost to acquire holdings in RSIL.  “For instance, if RIL shares were acquired on some day before the demerger at an effective rate of ₹2,800, ₹2,669 (95.32% of ₹2,800) must be considered as the cost of acquiring shares of RIL. The residual ₹131 ( ₹2,800 - ₹2,669) must be considered as the cost of acquiring shares of RSIL for the purpose of computing capital gains," said Abhishek Soni CEO and Co-founder Tax2win Tax and investments expert Balwant Jain said shares are considered capital assets under income tax law, and any gain on their sale is treated as capital gains.

One of the three newly introduced categories is the Woman Leader of the Year — Services Award category, which honours outstanding leaders who have demonstrated exceptional resilience, determination, and commitment. These remarkable individuals have fearlessly confronted challenges, pushed boundaries, and paved the way for positive change by challenging stereotypes and overcoming barriers.Anju Gupta, IPS, Director General of Police, KDSGPTS Meerut; Captain Shiva Chouhan, Indian Army; Charu Sinha, IPS, IGP — Southern Sector, Central Reserve Police Force (CRPF); Renuka Mishra, DG, Training, Uttar Pradesh Police; Sanjukta Parasor, IPS, Deputy Inspector General (DIG), National Investigation Agency (NIA) and Flight Lieutenant Shivangi Singh, Indian Air Force, command the list of shortlisted nominees for the distinguished Woman Leader of the Year — Services Award category.

We take a look at what analysts are saying on the stocks of the Nifty financial service index.This becomes important because in the first six months of this year whenever markets have faced pressure, it is the financial services and banks stocks which have helped it move upward. The kind of pressure Infy is bringing, these stocks would again become an important balancing factor.

Thousands of senior doctors in England are staging a 48-hour walkout to demand better pay and conditions

SVANidhi) scheme. He further urged banks to devise the strategy and step up efforts to increase the digital onboarding of street vendors and scale up their digital payments, the finance ministry said in a statement on Thursday. PM SVANidhi scheme envisages empowerment of street vendors through hassle free access to affordable credit and their digital onboarding for their economic development.

Reliance Industries Ltd (RIL), has unsettled shadow lenders space in the country by claiming the second spot.  Post demerging with RIL on Thursday, Jio Financial Services (JFSL) boasts off an implied market capitalisation of ₹1.6 lakh crore, that's way behind Bajaj Finance m-cap of ₹4.59 lakh crore, but significantly higher to its contemporaries in the space. Shares of Jio Financial will remain at ₹261.85 until it lists on the bourses. However, upon listing, Jio Financial Services will surpass Cholamandalam Investment and Finance which has an m-cap of over ₹95,000 crore, being the second largest NBFC presently.

Jio financial services, backed by Mukesh Ambani's ... moreJio financial services, backed by Mukesh Ambani's Reliance is set to enter & disrupt the financial lending space in India.

Supreme Court on Thursday referred the Delhi government’s plea challenging Centre's Services Ordinance, to a five-judge Constitution bench. A bench comprising Chief Justice D Y Chandrachud and Justices P S Narasimha heard the matter.

Dusminute has raised Rs 11.5 crore in a bridge round led by Inflection Point Ventures. The funds will be utilized to drive Dusminute’s growth in Bangalore. The round has seen participation from multiple existing investors and industry veteran angel investors syndicated by an angel investor and banker Bandana Kankani.

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₹261.85 per share on the National Stock Exchange at the end of a special pre-open call auction session conducted in the capital market segment for price discovery on Thursday. This follows its demerger with Reliance Industries Ltd. (RIL), the share price of which fell to ₹2,580.

Reliance-JFSL demerger: The Jio Financial Services share price would list on the National Stock Exchange (NSE) at ₹273 per share. This calculation came after Reliance share price settling on NSE at ₹2,580 per share in special pre-open session on Thursday as the RIL stock had ended at ₹2,853 apiece on NSE ( ₹2,853 - ₹2,580).

Reliance-JFSL demerger: Ahead of Reliance Industries Ltd (RIL) and Reliance Strategic Investments Limited demerger, The RIL board has declared cost of acquisition of Reliance and Jio Financial Services Ltd. As per the latest exchange filing of the Reliance Industries has informed Indian stock market exchanges that after demerger, cost of acquisition for Reliance Industries Ltd would be 95.32 per cent while the rest 4.68 per cent for Reliance Strategic Investments Limited.