Standard Financial News

Standard Chartered agreed to sell its global aviation finance leasing business for an initial $700 million in cash to Aircraft Leasing Company, or AviLease. The Asia-focused lender on Tuesday said the consideration could be adjusted depending on the net asset value of the business at completion.

NEW DELHI : India’s B20 task force has recommended setting up a regulatory framework for “responsible AI", and PM Narendra Modi has called for a global AI framework to promote ethical development. Mint decodes if such a global regulatory model is achievable. Talk of regulating artificial intelligence (AI) really became mainstream in the aftermath of the popularization of private tech firm OpenAI’s ChatGPT.

Commandant of the Philippine Coast Guard CG Admiral Artemio M Abu signed the Standard Operating Procedure (SOP) to enhance maritime security in New Delhi on Wednesday. Taking to the social media handle 'X', formerly known as Twitter, the Indian Navy stated, «Enhancing #MaritimeSecurity — operationalising information exchange.

New Delhi: The government will launch the Bharat New Car Assessment Programme (B-NCAP) in October to assess the safety of new vehicles. The programme will assign star ratings based on a vehicle's performance in crash tests similar to global NCAP and European NCAP, ultimately improving road safety in the country. Minister for Road Transport and Highways (MoRTH) Nitin Gadkari, while announcing the launch of B-NCAP on Tuesday, emphasized the importance of safer vehicles in India, where there are 5 lakh accidents and 1.5 lakh deaths annually.

financial market assets are expected to benefit structurally from a favourable macroeconomic backdrop over the next few years. India’s corporate profit cycle remains the strongest since the 2004-08 cycle.

Governor RN Ravi was asked that the Tamil Nadu government has been against National Eligibility cum Entrance Test (NEET) for the past five to six years. The person who question RN Ravi also mentioned that students have been unable to cope with the NEET pressure. Governor RN Ravi was interacting with top NEET scorers in UG-2023 at the Raj Bhavan on Saturday.

HDFC Asset Management Company, IDFC First Bank, Ashok Leyland and Power Finance Corporation Ltd. (PFC), are among the eight stocks that will be included in the MSCI Global Standard Index. The other stocks include REC Ltd, Cummins India, Supreme Industries and Astral, as part of the August Global Standard Index review, effective from September 1, 2023.

Apple tipster Ming-Chi Kuo in a post, the iPhone 15 standard models set for release in the second half of 2023 will feature a stacked-designed CIS (Complementary Metal-Oxide-Semiconductor) image sensor. Interestingly, Kuo also mentioned that the iPhone 16 Pro models, scheduled for the second half of 2024, will adopt the same technology. Consequently, this move could put a strain on Sony's high-end CIS capacity, resulting in an advantage for Will Semi as they continue to secure more orders for high-end CIS from Chinese smartphone brands, reported HT Tech.

NITI Aayog has laid out a standard definition and approach of water neutrality for Indian industries, saying it will help save water, lead to its efficient use and enable evaluation and validation of the water neutrality claims made by industries. According to the Aayog, henceforth water neutrality will be defined as “total freshwater consumption which is referred to as the sum total of direct freshwater use as well as estimated indirect or virtual water use as a part of water critical supply chains, applicable as on current date referred to as the date on which the evaluation is done, should either be less than or equal to all the quantifiable (and verifiable) water savings achieved through strategies undertaken as well as to be further (and futuristically) executed towards improving operational water use efficiencies, water conservation efforts”.

₹65,000 over the cost of each of the three regular variants of the MG Comet EV. The MG Comet Gamer Edition features distinctive accents on the wheels and doors, along with stickers on the B-pillar, adding to its distinct visual appeal. Stepping inside, the cabin has been upgraded with neon lights, creating a vibrant and immersive gaming environment.

Steve Englander, Global Head of G10 FX Research and North America Macro Strategy, Standard Chartered Bank, says the “equity markets were overenthusiastic over the last couple of months. I do not think that the Fitch reason is any reason for them to sell off. But if we are right that the US is going into a moderate recession, it is actually going to be good for risk appetite because it will lower the discount factor in all asset markets.

US Federal Reserve raising interest rates to a 22-year high level, says Kanika Pasricha, economist with Standard Chartered Bank. However, she expects the Indian central bank to cut key policy rates by 50 bps in H1FY25. In an interview with Livemint, the economist also shared views on domestic inflation, currency moves and the impact of Bank of Japan’s yield control policy shift.

India's per capita income is expected to increase 1.6 times to $4,000, or about ₹3.2 lakh, by 2030, turning the country into an upper-middle income country, Standard Chartered economists said in a report on Friday. «We expect India's GDP to double to $6 trillion before the end of this decade, making it the world's third-largest economy,» it said. Household consumption then would be closer to $3-3.5 billion, or India's GDP in 2022.

New Delhi: India's GDP will nearly double in the next seven years to $6 trillion, and per capita income will increase to $4,000 by 2030, Standard Chartered Bank Research said in a report on Friday. India's GDP currently stands at about $3.5 trillion and per capita income at $2,450 during CY 2022.

The Connext cross-chain bridging protocol has announced a new token standard to reduce losses from bridge hacks. According to a July 24 announcement, the new “xERC-20” standard allows token issuers to maintain a list of official bridges and control how many tokens can be minted by each.

An online carpet and flooring retailer based in the United Kingdom has bought Bitcoin (BTC) and put it on the balance sheet, following in the footsteps of Tesla, Microstrategy and Real Bedford. 

Mint. Queries sent to the health ministry were not answered.

Alexis Putellas finally made her entry into Spain's opener at the Women's World Cup against Costa Rica on Friday, the match was already won. The two-time Ballon d'Or winner waited 77 minutes to leave the bench, to enter the tournament and to provide an early answer to questions about her fitness after her long recuperation from injury. Putellas damaged the anterior cruciate ligament in her left knee just before Spain's European Championship campaign last year, returned for the first time in April and has been played sparingly since, mostly from the bench.

Good morning,

new accounting standard for insurance contracts, which would align Indian norms with international practices and help global investors better gauge the risk exposure of domestic insurers, a senior official said. The ministry of corporate affairs (MCA) has received recommendations by the National Financial Reporting Authority (NFRA) on the Indian Accounting Standard (Ind AS) 117 for insurance contracts, he told ET. «The NFRA's suggestions are being evaluated.

₹7.27 lakh per annum under the new tax regime. Nirmala Sitharaman also addressed skepticism raised in several quarters when the government decided to provide income tax exemption for those earning up to ₹7 lakh in the Union Budget for 2023-24. “So, we sat as a team and went into the details (to find out) at what stage you pay tax for every additional Re 1 you earn...