Stage Financial News

Also Read:Evergrande's billionaire chairman Hui Ka Yan is accused of crimes; stocks remain suspended: What we know so far Chinese authorities are investigating whether Hui attempted to transfer assets offshore while the company was struggling to complete unfinished projects, the Wall Street Journal reported on Monday, citing unidentified people with knowledge of the matter. Evergrande sits at the center of a years-long property crisis that has hurt the Chinese economy and hammered confidence in the housing market.

Godrej Group, the ₹1.76-lakh-crore conglomerate that began its industrial journey five decades before Independence selling locks to the citizens of a then crime-prone Bombay, is reportedly in advanced stages of crucial negotiations to conclude the formal division of its diverse businesses, top industry executives familiar with the matter told ET. The two factions of the Godrej family — Godrej Industries & Associates led by Adi Godrej and his brother Nadir, and Godrej & Boyce Manufacturing Company (G&B) involving cousins Jamshyd Godrej and Smitha Godrej Crishna — are likely to finalise soon the formal split of business verticals as diverse as engineering, appliances, security solutions, agricultural products, real estate, and consumer products, said the officials cited above. The family council is ironing out some important specifics involving two critical points — usage of the Godrej brand name after the split, including possible royalty payments, and land valuations currently held by G&B.

As BHP’s auction for Daunia and Blackwater gets to the pointy end, owners of other coal assets in the M&A pipeline are starting to get their ducks in a row.

Real Madrid at the Stadio Diego Armando Maradona on Tuesday in what promises to be one of the most captivating matches of this week's Matchday 2 in the UEFA Champions League group stage. Napoli emerged victorious in their opening game against Braga, while Real Madrid secured a win against Union Berlin thanks to Jude Bellingham's late goal. Carlo Ancelotti's squad is anticipated to maintain its lineup against Napoli, with Aurelien Tchouameni and Eduardo Camavinga partnering with Toni Kroos, while Jude Bellingham operates in an advanced midfield role to provide support for Rodrygo and Vinicius Jr. Napoli is expected to line up in a 4-3-3 formation, featuring Kvicha Kvaratskhelia and Matteo Politano as wingers and Nigerian forward Victor Osimhen leading the attack. Brazilian defender Natan is likely to pair with Leo Ostigard in central defense.

Tamil Nadu Power Company (ITPCL) including Punjab National Bank, Bank of India, and Union Bank. It comprised both principal debt and accrued interest as of September 30. The repayment is part of a debt restructuring plan approved by 88% of lenders and it has reduced ITPCL's outstanding principal by more than Rs 1,900 crore. Under the approved plan, ITPCL's debt has been restructured as per the prudential framework for the resolution of stressed assets, where debt has been categorised into a sustainable portion of Rs 4,250 crore, as well as unsustainable portion and operational creditors.

Live Aid, the iconic charity concert that raised a staggering £127 million nearly four decades ago, is set to be transformed into a musical. This legendary fundraiser, masterminded by Bob Geldof and Midge Ure, took place on July 13, 1985, captivating a crowd of 72,000 at Wembley Stadium, all in an effort to raise funds for famine relief in Ethiopia. The event garnered a global audience of tens of billions through live television broadcasts.

NEW DELHI : Real estate developers across India are embracing the concept of outlet malls, inspired by the success of similar models in the West, offering clothing and footwear at discounted rates as brands seek avenues to liquidate stocks. While retail spaces such as outlet malls are already popular, particularly in Punjab, real estate experts said the trend is emerging as a pan-India phenomenon. Also, foreign outlet developers are also exploring ways to introduce global formats in India, they added.

Trinamool Congress general secretary Abhishek Banerjee along with party leaders and workers sat on a dharna at the Rajghat here on Mahatma Gandhi's birth anniversary on Monday demanding the release of funds for West Bengal by the Centre. The Lok Sabha member, accompanied by party leaders including MPs, MLAs and state ministers who had arrived from West Bengal, paid tributes to Gandhi at the memorial and held the protest for two hours, sporting black armbands and displaying placards, after which they were escorted out by security personnel.

Telegu Desam Party (TDP) National General Secretary Nara Lokesh and party supporters on Monday staged a hunger strike protesting the arrest of their chief and former chief minister of Andhra Pradesh N Chandrababu Naidu. The party workers held 'I am with CBN' posters demanding the release of Former Andhra Pradesh CM Chandrababu Naidu.

Indian Embassy in the UK after pro-Khalistani groups gathered to stage a protest outside the building in London on Monday. There has been a heavy presence of British security forces at the High Commission in London, and the protesters have been restricted to the opposite side of the building. Indian High Commissioner denied entry to gurdwara in Scotland A few days ago, the Indian High Commissioner to the UK, Vikram Dorwaiswami was stopped from entering a gurdwara in the city of Glasgow by pro-Khalistan extremists, an incident the Indian mission dubbed as “disgraceful” before reporting it to the UK government. In a statement issued on Saturday, the High Commission of India in London said that three people from outside Scotland “deliberately disrupted“ the visit on Friday evening and one even attempted to violently force open the diplomatic vehicle as senior diplomats arrived at Glasgow Gurdwara Guru Granth Sahib on Albert Drive. As they hurled threats and abuses, the High Commissioner (HC) and Consul General of India (CG) decided to leave the premises to avert any further altercation. “On September 29, 2023, three persons — all from areas outside Scotland — disrupted a planned interaction organised by the Gurdwara Committee for the community, the High Commissioner (HC) and the Consul General of India (CG),” said the High Commission of India statement. “This interaction was to discuss community and consular issues.

By Nirjhar Majumdar

Investing is essential to optimise returns and outpace inflation in order to attain our goals across various life stages. Our investment strategy evolves in line with our financial objectives, income level, and age, allowing us to tailor our financial planning accordingly. Fixed Deposits (FDs) have long been a favoured investment choice for risk-averse Indian consumers. However, with varying tenures and interest rates, navigating the FD landscape can be challenging. This is where FD laddering comes into play.

You probably don’t need to worry about your retirement if you were born with a silver spoon. But if you are a self-made person, then your investment portfolio is incomplete without the National Pension System (NPS).

Live Aid, the historic transatlantic concert that captured the hearts of an estimated 1.5 billion viewers while raising millions for famine relief in Ethiopia almost four decades ago, is set to make a musical comeback. The Old Vic Theatre in London announced on Monday that «Just For One Day,» a stage musical inspired by Live Aid, will premiere there in early 2024. Organized by iconic rockers Bob Geldof and Midge Ure, Live Aid's impact still resonates.

world’s first climate-resilient nation by building an infrastructure capable of withstanding any category-five natural disaster. Funded by the citizenship by investment programme, the new homes, are designed with an emphasis on resilience. The houses feature walls made of reinforced concrete, roofs equipped with hurricane straps and ties to prevent wind uplift, and are strategically placed on elevated platforms to mitigate flood risks.

ODF) status, Union Home Minister Amit Shah on Monday said the state has attained new heights in development and growth after the abrogation of Article 370 under the leadership of Prime Minister Narendra Modi. Shah took to 'X', formerly Twitter, to share his feelings as Jammu and Kashmir have achieved 100 per cent ODF Plus model status in yet another remarkable accomplishment achieved during the ongoing 'Swachhata Hi Seva' Campaign. «Heartiest congratulations to the people of J&K for achieving 100 per cent ODF Plus status.

Australia’s Rugby World Cup hopes are still narrowly alive after a bonus point victory, against a relentless Portugal in Saint-Étienne.

Jrue Holiday, the seasoned point guard, who was just acquired by Portland Trail Blazers from the Milwaukee Bucks, quickly rerouted him to the Boston Celtics, according to ESPN’s Adrian Wojnarowski. A 14-year veteran of the NBA, last season, Jrue Holiday secured his second All-Star selection and his fifth All-Defensive Team selection, solidifying his status as one of the league's premier perimeter defenders. The 33-year-old guard has made substantial contributions throughout his career, and his defensive prowess remains a coveted asset in the NBA. Holiday's reported arrival in Boston adds another star to a team that has been making significant offseason moves.

finance and corporate affairs are at an advanced stage of firming up a much-awaited framework for direct listing of Indian companies abroad, which could be introduced later this financial year, said people with knowledge of the matter. The move would set the stage for unicorns and other entities to have easier access to a larger pool of foreign capital, they said, adding that it could also encourage a greater number of startups, with Indians at the helm, to incorporate within the country instead of jurisdictions like Singapore. Initially, the framework will be used to allow direct listing at the International Financial Services Centre (IFSC) at Gujarat's GIFT City. Subsequently, it will govern listings in other jurisdictions as and when the government decides to allow that, the people told ET. «The capital markets division of the Department of Economic Affairs (DEA) and the Ministry of Corporate Affairs (MCA) are firming up rules that will act as an enabler of the direct listing process.

(Reuters) — Annual inflation in Peru decelerated to 5.04% in September to hit its lowest level in more than two years, according to official figures published on Sunday, though consumer prices remained some way above the central bank's target rate.

NEW DELHI : The debt resolution capacity under Insolvency and Bankruptcy Code (IBC) should be stepped up by more than three fold to handle about 1,000 cases a year, said a senior government official. Speaking at seventh foundation day of Insolvency and Bankruptcy Board of India (IBBI), the rule maker and regulator, ministry of corporate affairs secretary Manoj Govil said pace of debt resolution under IBC was steadily increasing and expectation is that number of corporate rescue will go up to 300 cases this financial year from 180 cases last financial year.