Strategy Financial News
21.11 / 16:59
markets
Digital
security
Strategy
Courts
International
US 'fundamentally rejects' ICC warrant for Israeli PM
International Criminal Court to issue arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former defense minister Yoav Gallant, the White House said Thursday. «We remain deeply concerned by the Prosecutor's rush to seek arrest warrants and the troubling process errors that led to this decision. The United States has been clear that the ICC does not have jurisdiction over this matter,» a National Security Council spokesperson said. The statement made no mention of an ICC arrest warrant also issued for Mohammed Deif, the military chief of Hamas.
21.11 / 16:59
markets
Digital
Strategy
Parke
awards
Experts
Nippon Life India buys office in Mumbai’s Lower Parel for Rs 486 cr
Nippon Life India Asset Management has executed a definitive agreement with realty developer Lodha, listed as Macrotech Developers, to acquire an office space spread across two floors in a commercial tower One Lodha Place in Mumbai’s business district Lower Parel for Rs 486 crore. The asset management company is planning to shift its headquarters in this office spread over 52,162 sq ft from Peninsula Business Park in the vicinity. “The deal was registered on Thursday noon. The buyer has paid a certain amount of the consideration and the stamp duty, and is expected to pay Rs 400 crore by December 6,” said a person with direct knowledge of the development.
21.11 / 16:49
markets
Action
Strategy
Align
awards
Adventure
Experts
HMSI recalls CRF1100 Africa Twin units to rectify throttle operation
CRF1100 Africa Twin to rectify issues with throttle operation. The voluntary recall is aligned with the global market action, the two-wheeler maker said in a statement. The recall affects certain units of this adventure motorcycle manufactured between February 2022 and October 2022, it said. The company has identified a concern with the motorcycle's throttle operation, HMSI said.
21.11 / 16:49
Target
Fighting
Strategy
War
PAM
The biggest remaining unsanctioned Russian bank hit with US sanctions, nearly three years into war
Treasury Secretary Janet Yellen said the sanctions targeting Russia's largest remaining non-sanctioned bank would further diminish Russia's military effort and «will make it harder for the Kremlin to evade U.S. sanctions and fund and equip its military.» In addition, more than 50 internationally connected Russian banks, 40 Russian securities registrars, and 15 Russian finance officials were hit with sanctions.
21.11 / 16:49
markets
Digital
Strategy
Remark
Election
wellness
Who will be next Maharashtra CM? Mahayuti and MVA constituents bat for different names
Mahayuti and the opposition Maha Vikas Aghadi (MVA) on who will head the next government with constituents in both camps laying claim over the chief minister's post. After polling for the 288-member assembly ended on Wednesday evening, the ruling as well as opposition fronts started claiming that mandate will be in their favour when votes are counted on November 23. Soon after polling, state Congress chief Nana Patole asserted a MVA government will be formed in Maharashtra under the leadership of his party. Voting trends suggest the Congress will get the maximum number of seats in the new assembly, he said.
21.11 / 16:49
markets
UPS
Digital
Platform
Strategy
Investigations
Amazon likely to face investigation under EU tech rules next year
Amazon will likely face an EU investigation next year into whether it favours its own brand products on its online marketplace as European antitrust regulators build up a case under landmark rules, people with direct knowledge of the matter said. The US online retailer could face a fine of up to 10% of its global annual turnover if it is found guilty of breaching the European Union's Digital Markets Act (DMA) which seeks to rein in the power of Big Tech. The timing and decision on whether to go ahead with an investigation will be taken by incoming EU antitrust chief Terera Ribera in the coming months, the people said. The Spaniard is set to take up her post next month, replacing outgoing Margrethe Vestager.
21.11 / 16:49
markets
COST
Provident
Strategy
Experts
audience
Department
King Charles' coronation cost 72 million pounds, government says
Charles and Camilla were crowned on May 6, 2023, in Britain's biggest ceremonial event for seven decades with a lavish display of pomp and pageantry in front of 100 world leaders and a global TV audience of millions. In its annual report, the culture department (DCMS) which had responsibility for organising the coronation, said it had cost 50.3 million pounds ($63.6 million) to stage, with another 21.7 million pounds for policing costs.
21.11 / 14:21
UPS
Provident
Manufacturing
Strategy
reports
Department
As US ramps up nuclear power, fuel supplier plans to enrich more uranium domestically
A supplier of fuel for nuclear power plants has announced a $60 million expansion in Tennessee, promising more manufacturing of high-tech centrifuges there to enrich uranium
21.11 / 13:35
Aware
Strategy
DiRT
information
reports
Courts
Investigations
Diddy's mucky details out: Notes from his cell reveal the rapper planned to ask a family member to do this about victims
Sean Diddy Combs' jail cell last month. Eleven pages and eight pages of a calendar book containing notes written by Combs, 55, in his Brooklyn cell at the Metropolitan Detention Centre were confiscated as part of a planned sweep to address contraband and drugs, according to NBC News' coverage of court proceedings on Tuesday, November 19, as quoted in a report by US Weekly. According to a report Diddy wrote about paying off witnesses and finding dirt on victims, according to prosecution assistant U.S. attorney Christy Slavik. Slavik was quoted as saying that a witness was paid off, and finding dirt on two different victims is not a privilege.
21.11 / 13:35
markets
Provident
Aware
Strategy
Experts
PAM
Department
Adoption Awareness Month 2024: Lucknow hosts state-level conference on rehabilitating older children
rehabilitating older children and providing them with a new direction in life, was jointly organized by the Ministry of Women and Child Development, the Central Adoption Resource Authority (CARA), and the Uttar Pradesh Women and Child Development Department at the Mars Auditorium of Indira Gandhi Pratishthan in Lucknow on Thursday. The main goal of the conference was to create awareness among the public about adopting children who are either orphaned or lack family support, educating people on the legal process of foster care. According to a press release, Speakers highlighted the importance of sensitivity and acceptance in the society for rehabilitating such children and giving them a sense of belonging. Union minister of state for women and child development, Savitri Thakur, UP’s minister for women welfare, child development and nutrition, Baby Rani Maurya, and State Women's Commission Chairperson, Babita Chauhan, shared their thoughts on the theme «Rehabilitating Older Children through Care and Nurturing.»
21.11 / 13:35
markets
Aviat
Airlines
security
Strategy
awards
AVP
Hoax bomb calls to airlines have gone down, says official
hoax bomb calls to airlines and such calls have reduced, a senior government official said on Thursday. Civil Aviation Secretary Vumlunmang Vualnam also said that procedures being adopted to deal with fog-related disruptions have been streamlined. To a query about hoax bomb calls, he said that authorities have tackled them successfully. A few weeks back, hundreds of flights had received bomb threat calls that later turned out to be hoaxes. These threats had significantly impacted flight operations of various domestic carriers.
21.11 / 13:35
21.11 / 13:35
markets
security
Strategy
awards
Experts
PAM
Courts
Kenya cancels power transmission deal with Adani following US bribery charges
Adani Group. Ruto said he had also directed the cancellation of a more than $700 million deal the energy ministry had signed with a unit of the Adani Group to construct power transmission lines. This comes after U.S. prosecutors indicted Adani for conspiring with executives of a former New York-listed company to devise a $265 million scheme to bribe Indian officials and boost their solar energy business.
21.11 / 13:35
markets
Digital
security
Strategy
AVP
prevention
International
US watchdog issues final rule to supervise Big Tech payments, digital wallets
Consumer Financial Protection Bureau said. The new rule finalised on Thursday will bring a burgeoning consumer service under the same scrutiny faced by banks while helping protect the privacy of vast amounts of consumer data and preventing fraud and the illegal closure of their accounts, the agency said.
21.11 / 13:35
markets
Man
Strategy
Experts
PAM
reports
Russian spokeswoman told during briefing not to comment on missile strike reports, video shows
Kyiv said earlier on Thursday that Russia had launched an intercontinental ballistic missile during an attack on the city of Dnipro. Russian Telegram channels said Russia had attacked what is known in Ukraine as the missile and space rocket company Pivdenmash, which is headquartered in Dnipro.
21.11 / 12:59
markets
Strategy
Pool
AVP
Department
Centre announces staggered work timings for employees in view of severe air pollution in Delhi
public transport to minimise vehicular pollution. «These measures may be adopted by ministries/departments/organisations as per their functional requirements ensuring that it should not have an adverse impact on efficiency and productivity in any manner,» the order read. Given the severe-plus air pollution levels in Delhi, various ministries, departments and organisations of the central government are advised to adopt staggered timing in respect of offices located in the Delhi-National Capital Region, it said.
21.11 / 12:59
markets
Strategy
awards
AVP
show
RBI purchases $9.6 bn in September to curb rupee's appreciation amid strong foreign investment inflows
dollar inflows into local stocks and bonds and curbed the rupee from excess appreciation. The rupee appreciated 0.1% in September boosted by strong risk appetite following the US Federal Reserve's outsized 50 bps rate cut. However, the currency's upside was limited due absorption of dollar inflows by the Reserve Bank of India.
21.11 / 12:59
markets
Provident
Strategy
Sustainability
awards
inclusion
Asian Development Bank to provide $4.25 billion to Tata Power for clean energy power projects
Tata Power, and Asian Development Bank (ADB) on Thursday signed a Memorandum of Understanding (MoU) to evaluate financing for its several strategic projects aimed at enhancing India’s power infrastructure and promoting renewable and clean energy. The MoU outlines the evaluation of financing for several key ongoing projects such as the 966 MW solar-wind hybrid project and pumped hydro storage project and other projects in the pipeline around energy transition, decarbonization, and battery storage as well as ongoing financing for capex towards strengthening the distribution networks managed by Tata Power. The total estimated project cost is approximately $4.25 billion.
21.11 / 12:59
markets
Digital
Strategy
Sustainability
awards
Research
Schools
Indian School of Business receives CSR gift of Rs 30 crore from Ramoji Foundation
Indian School of Business (ISB) has received a CSR gift of Rs 30 crore from the Ramoji Foundation towards aiding infrastructure development at the school’s Hyderabad campus, the institute said in a release on Thursday. The funds received through this gift will support the construction of a state-of-the-art 430-seater auditorium as part of the upcoming Executive Centre. Upon completion, the facility will boost the school’s capacity to host international conferences, research seminars, distinguished lectures, and other academic events. Harish Manwani, Chairperson of the ISB Board, said in a statement: “The largesse of our donors has played an important role in ISB's ability to stay true to its vision of being a world-class institution for learning and research. We are grateful for this contribution from Ramoji Foundation that will go a long way in sustaining the top-notch infrastructure that enables ISB in this endeavour.”
21.11 / 12:59
markets
Strategy
Mobile
awards
AVP
reports
Jio, Airtel, VIL collectively lose over 1 cr mobile subscribers in Sep; BSNL adds users
Bharti Airtel and Vodafone Idea cumulatively lost over one crore wireless subscribers in September, even as state-owned BSNL surprised with net adds of almost 8.5 lakh mobile users, as per monthly data released by TRAI. Reliance Jio lost 79.69 lakh mobile subscribers in September compared to the previous month, Bharti Airtel (14.34 lakh users), and Vodafone Idea (15.53 lakh users). Bharat Sanchar Nigam Ltd (BSNL) added 8.49 lakh users to its wireless subscriber tally. The wireless subscriber base of Reliance Jio stood at 46.37 crore in September, while that of Bharti Airtel was 38.34 crore. The wireless user base of Vodafone Idea was 21.24 crore as of September 2024.
21.11 / 10:15
markets
UPS
FIVE
Booking
Manufacturing
Strategy
Inside
Insiders are buying these five stocks amid the pullback
Subscribe to enjoy similar stories. My colleague and lead smallcap analyst at Equitymaster, Richa Agarwal, recently wrote this about insider buying amid this market correction. “If you have been following my articles, one of the things I track for my watch list is insider action. Unlike in the case of IPOs, which flourish in overvalued markets allowing promoters to monetise their stake at the best price possible, open market purchases by promoters in listed companies amid a market correction are a good starting point to dig further. As owners of the business, they are the majority stakeholders with the longest-term horizon in most cases. If they are willing to buy a meaningful quantity of stock with their personal money at the market price, it signals confidence." Her analysis is bang-on and I 100% agree with her.
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