Wellness Financial News

Paytm Payments Bank Ltd crisis, Institute of Chartered Accountants of India President Ranjeet Kumar Agarwal on Sunday said its financial reporting review board (FRRB) may deliberate on issues of the fintech firm in the near future. The FRRB of the statutory body is currently conducting a review of the accounts of tech-based education unicorn Byju's over alleged governance concerns, and the exercise is progressing well, the ICAI president said. «So far, we have not considered it (Paytm issue), but the board meeting of the FRRB will take place in the near future and it will consider appropriate action if required. So far, we have not decided anything as far as this matter is concerned,» ICAI President Ranjeet Kumar Agarwal told PTI in an interview.

Inflation has changed the way many Americans shop

Coterra Energy Inc. (ticker: NYSE:CTRA) reported a robust fourth quarter in 2023, surpassing its guidance for oil, natural gas, and barrels of oil equivalent (Boe) while adhering to its capital expenditure framework.

Noble Corporation (NE), a leader in offshore drilling, has reported a strong finish to the year in its fourth-quarter earnings call. The company announced an adjusted EBITDA of $201 million for the quarter and generated $165 million in free cash flow.

Barings BDC, Inc. (NYSE:BBDC) has reported a positive close to the year in its latest earnings call, highlighting an increase in net investment income, a consistent dividend payout, and a rise in net asset value (NAV) for the quarter and year ended December 31, 2023.

Virender Sehwag—widely considered one of the most destructive openers of his era—Sunday clarified his cryptic post on Dhruv Jurel for his "outstanding batting skills and temperament" after the youngster scored a magnificent knock of 90 runs of 149 balls to bail out India on Day 3 of the 4th Test against England in Ranchi. Jurel added 77 runs, alongside Kuldeep Yadav for the 8th wicket, helping India cross the 300-run mark. After Jurel’s heroic inning, Sehwag took to microblogging platform X (formerly known as Twitter) to praise the Team India wicketkeeper.

India vs England 4th Test: Team India spinners Ravichandran Ashwin and Kuldeep Yadav decimated England's batting order on Day 3 and staged India's brilliant comeback in the game. Former England skipper Michael Vaughan was particularly impressed with Kuldeep Yadav's spell and said he bowled like a left-armed Shane Warne. “The best compliment I can give @imkuldeep18 ..

oil and gas giants including IndianOil, ONGC and GAIL (India) have been slapped fines for the third straight quarter for failing to meet listing norm requirements of having the requisite number of directors on their board. Stock exchanges have fined oil refining and fuel marketing giant Indian Oil Corporation (IOC), explorers Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL), gas utility GAIL, and refiners Hindustan Petroleum Corporation Ltd (HPCL) and Mangalore Refinery and Petrochemicals Ltd (MRPL) a cumulative Rs 32.5 lakh, stock exchange filings showed. In separate filings, the companies detailed the fines imposed by the BSE and NSE for either not having the requisite number of independent directors or the mandated women director in the third quarter ended December 31, 2023, but were quick to point out that appointment of directors was done by the government and they had no role in it. The companies had faced fines for the same reason in the previous two quarters as well.

Prayoga Institute of Education Research, has added five advanced labs to help students pursue research around the theme of sustainability. Online brokerage firm Zerodha has funded the new research block, named after eminent space scientist Prof UR Rao, which includes labs for life sciences, physical sciences, chemical sciences, earth sciences and sophisticated instrumentation for multidisciplinary scientific research.

Investing.com — Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrade for Coty, downgrades for Alkermes, Compass and Boeing.

Notwithstanding the wild moves seen in shares of Paytm in the last three weeks following the RBI ban on Paytm Payments Bank, Anand James, Chief Market Strategist at Geojit Financial Services, sees a trading play in the stock. “Our upside objective is in the region of Rs 500-550, but would be mindful of the chances of major collapse, should we not get above Rs 430. An aggressive stance would be to have Rs 390 as the downside marker,” he said. Edited excerpts from a chat: Following new peaks made by Nifty this week, how cautious would you be in the next week ahead of the monthly F&O expiry? What are the key levels to watch out for? Anand James: As we step into the last week of February series, rollovers have started to gain momentum in Energy, Metal and Chemical stocks, with 85% of F&O stocks appearing to witness long buildup since last expiry and 53% on a week on week basis. Meanwhile, 11% of F&O stocks saw Short buildup since last expiry and 42% on a week on week basis. Long addition was visible in Cement, Capital goods, Oil, Auto and Pharma stocks since beginning of this expiry.

GST Council is likely to soon clarify that Real Estate Regulatory Authority (RERA) will not be required to pay Goods and Services Tax (GST), an official said. According to the official, RERA, which functions as a regulator as well as facilitator for the realty sector, is covered under Article 243G of the Constitution dealing with powers, authority and responsibilities of panchayats. RERA was set up in different states to ensure transparency in real estate projects, protect the interest of consumers and to establish an adjudicating mechanism for speedy dispute redressal. The official said that after discussions with RERA functionaries about the nature of their function it was decided that GST is not applicable on them.

MUMBAI (Reuters) — Indians are spending less on food, particularly staples like rice and wheat, and more on discretionary items such as processed food, as well as durables like televisions and fridges, government consumption data showed.

By James Oliphant

Bloomberg. As per the report, the share of food in monthly consumption in rural areas declined to 46.4 percent in the latest survey, from 53 percent in 2011-12. The non-food consumption increased to 53.6 percent from 47 percent, the survey showed as reported by Bloomberg.

110th Mann Ki Baat on Sunday, Prime Minister Narendra Modi said that Mann ki Baat won't be broadcast for the next three months in view of upcoming Lok Sabha polls. PM Modi noted, “It is the time for General Elections in the country Like earlier, possibly the model code of conduct will be enforced in the month of March. Mann ki Baat won't be broadcast for the next three months in view of upcoming Lok Sabha polls." PM Modi mentioned the likelihood of the Model Code of Conduct being implemented in March, similar to its enforcement during previous elections.

consultation paper by Securities & Exchange Board of India (SEBI) points out that 70% of the demat accounts with a single holder have opted out of appointing a nominee. This observation from the Sebi has triggered a discussion about the importance of nomination in an investment. Let us understand why nomination in investments is important and how it can be done wisely: The Sebi has been vocal about investors appointing a nominee to their investments or to clearly ‘opt out’ of the nomination if they are not keen to nominate anyone. In the past, the Sebi has stated that failing to mention a choice would lead to freezing of investments held in mutual fund folios as well as demat accounts. Deadline set for this exercise has already been extended three times and the revised deadline now is: June 30, 2024.

Mann Ki Baat'. Mann ki Baat won't be broadcast for the next three months in view of the upcoming Lok Sabha polls, the PM announced. He appealed to first-time voters to exercise their franchise in record numbers.

When it comes to the idea of becoming a parent, more men want children than women, according to a new U.S. study.

West Africa’s regional bloc known as ECOWAS has lifted travel, commercial and economic sanctions imposed on Niger which were aimed at reversing the coup staged in the country last year

A Houston man has pleaded guilty to securities fraud for trading on inside information from his wife's business conversations while both were working from home