Show Financial News

After months of investigation, USDT stablecoin maker Tether has announced the confiscation of $225 million of its tokens involved in a pig butchering romance scam.

United Spirits Ltd (USL), a case that may determine the stock market regulator’s power to intervene in a takeover after the open offer has concluded. The apex court website showed that Sebi filed the petition in October, and a bench will be allotted soon. A verdict will decide whether shareholders who exited USL through an open offer in late 2012 and early 2013, when Diageo took over the company, deserved a better price.

PTI reported. In view of the protest by the OBC communities, the Maharashtra government is unlikely to opt for Maratha reservation within the OBC category based on Kunbi certificates across the state, the Indian Express reported on Monday. Now, as the demonstration over the Maratha reservation gained momentum in Maharashtra, here's a recap of all that happened in the state in connection with the row recently: Speaking at the rally, Bhujbal reiterated that the existing reservation for the OBCs should not be curtailed while giving reservation to the Marathas.

Bank of India (RBI) issued two important directives that will have far-reaching consequences for the personal loan segment. One, it asked the country’s largest consumer goods financier Bajaj Finance Ltd to stop lending through two of its loan products. Two, it increased the risk weights— the money set aside by banks and non-banking financial companies (NBFCs) for loans to cover credit risk—in the personal and retail loan categories to 125% from the earlier 100%.

Joe Biden, the oldest president in U.S. history, is celebrating his 81st birthday in a unique and traditional fashion. On Monday, the president will participate in the annual White House tradition of pardoning the Thanksgiving turkeys. The selected stars of the show, Liberty and Bell, hail from Willmar, Minnesota, and have been enjoying a luxurious stay at the Willard Hotel in Washington, D.C. The National Turkey Federation, responsible for the turkey selection, revealed that Liberty and Bell were given a warm welcome at the Willard on Saturday. Markus Platzer, the hotel's general manager, shared some behind-the-scenes details, noting that the turkeys had a «red carpet welcome,» a bubble bath, and even indulged in items from the mini bar.

Adele has revealed that she is married to Rich Paul. The couple were said to have married last year, with Adele, 35, reigniting suspicion when she referred to the 41-year-old sports agent as her «husband.» She is now alleged to have confirmed her marriage at her best buddy Alan Carr's comedy act in Los Angeles, with two audience members confirming the news to Deuxmoi. “I was at Alan Carr's comedy gig in LA tonight, and Adele was in the audience,' an onlooker explained. Alan asked the audience whether anyone had just married, and Adele responded,«I did.» Another audience member commented on the 'small and intimate show,' saying that when he inquired if anyone had just married, she exclaimed «I did.» “It was extremely cute and nice all around, but it dipped right before it ended.” “Adele was seated just behind me with a buddy, having the finest time,” they added.

Retirement fund body EPFO recorded a net addition of 17.21 lakh members in September, according to payroll data released on Monday. Month-on-month comparison of payroll data shows an increase of 21,475 net members over August 2023, a labour ministry statement said. Year-on-year comparison of payroll data reflects an increase of 38,262 net members over September 2022.

If your parents are homeowners, you’re twice as likely to own a home as those without a generational stake in the housing market, according to a new Statistics Canada analysis on the impact of the “Bank of Mom and Dad.”

Prime Minister Justin Trudeau’s Liberal government faces pressures from two ends heading into Tuesday’s fall economic statement.

Dozens of striking workers and supporters gathered outside the Sobeys-owned grocer Pete’s Frootique in Halifax on Sunday as employees called for an improvement to wages and benefits.

John Oliver humorously criticized Apple TV+. While discussing the operations of Dollar Tree and Dollar General stores, Oliver highlighted TikTok videos featuring retail workers expressing grievances about their working conditions.

The upcoming closures of two of JPMorgan’s socially conscious exchange-traded funds are shining a spotlight on the vanishing appetite for environmental, social and governance products.

Jim Sarbh and Shefali Shah from India. The Indian stars received nominations in the comedy category, as well as for the best performance by an actor and actress, respectively. The ceremony will also see film producer Ektaa Kapoor being honoured with the Directorate Award for her "trailblazing career and impact on the Indian television landscape".

Bajaj Auto, a leading two-wheeler manufacturer and the flagship company of Bajaj Group, saw its shares perform exceptionally well on the exchanges this year, gaining 57.3% so far. This marks the stock's best yearly performance since 2010. The company's shares have been on a continuous uptrend since January 2023, with no significant pullbacks.

World Cup final against India, was seen posing with his feet atop the World Cup trophy after the match. The picture appeared to be clicked in the Australian dressing room, shortly after the team registered a historic win against India at the Narendra Modi Stadium in Ahmedabad.

Shares of PENN Entertainment (PENN) rose 4.6% in early trading Monday after BofA Securities upgraded the stock on the early success of ESPN Bet.

After experiencing its sharpest weekly decline since July last week, the US dollar kicked off the new week by sustaining its downward trajectory.

Navigating the stock market can seem daunting, especially with the sea of financial data available. However, a basic understanding can transform this complexity into valuable insights and enhance your investment strategy.

The S&P 500 (SPX) continued to rally last week as risk assets have surged since yields on U.S. Treasuries started to drop in late October. The index closed 2.2% higher last week to secure the first close above 4,500 since August.

Project Management Unit holding a dance party on the premises of the Gurudwara Darbar Sahib in Pakistan's Punjab province surfaced online, the authorities on Monday dismissed the report that participants drank alcohol and ate non-vegetarian food at the gathering. Two PMU officials on Monday told PTI that alcoholic beverages were not served or there was no dance at the reception held on November 18.

When it comes to artificial intelligence (AI), one of the most commonly debated issues in the technology community is safety—so much so that it has helped lead to the ouster of OpenAI’s co-founder Sam Altman, according to Bloomberg News. And those concerns boil down to a truly unfathomable one: Will AI eventually kill us all? Allow me to set your mind at ease: AI is no more dangerous than the many other existential risks facing humanity, from super-volcanoes to stray asteroids and nuclear war. I am sorry if you do not find that very reassuring.