Wellness Financial News

The Income Tax department is learnt to have prepared an assessment report on how a string of intermediaries were used by insurers to pay off extra commission — over and above allowed under regulations — to their agents selling insurance policies. However, the insurance companies, who were pulled up last year by the I-T department, are not the actors under the benami investigation. The current probe, which is at an initial stage, focuses on the intermediary entities (acting as ‘benamidars’) and the official agents (which are the real beneficiaries).

Yotel is in advanced discussions and is evaluating opportunities to hopefully sign its maiden hotel project in India this year, said its chief executive Hubert Viriot. In an interview to ET, he said, “The population density, the growth in domestic and international travel are factors that are conducive for us to be successful in India. Apart from looking at specific projects, we are also in advanced discussions with a number of groups for potential partnerships here. I am quite confident that we should succeed this year, and that we should be able to announce our first partnership here this year.” Yotel has hotels around airports and city centres in markets such as Singapore, London, New York, Istanbul, San Francisco, Washington DC and Paris. Backed by the Al-Bahar Group and Starwood Capital Group, it works with private equity funds, pension funds and real estate developers to build hotels that it claims are designed for 'Generation Go' or young professionals on the move.

Pralhad Joshi attempted to turn the tables on the Karnataka Congress regime on Tuesday, saying that if there was any inequality in funds distribution, CM Siddaramaiah himself was responsible for it. He was the chief minister back in 2016 when the Finance Commission assessed Karnataka, Joshi said, and it was his responsibility to present the state’s demands accurately. Slamming the Congress, Joshi added that the leaders were attacking the Centre with false allegations of inequality in funds devolution merely to cover up their own infighting. “[Chief minister] Siddaramaiah is an expert in lying…they are doing this drama in the background of the Lok Sabha elections to divert attention from the infighting between him and DK Shivakumar,” the MP from Dharwad said. Lok Sabha polls are months away and the Congress has been trying to corner the ruling BJP over fiscal inequality towards the states, with protests in the national capital as well as social media campaigns.

(Reuters) — The Financial Crimes Enforcement Network (FinCEN), a unit of the U.S. Treasury, proposed new regulations on Tuesday that would require investment advisers to help prevent money laundering and the financing of terrorism.

₹9,350 crore ($1.125 billion) to the promoters of the company. Moody's maintained stable outlook ratings for Adani Green Energy Restricted Group (AGEL RG-2), comprising Wardha Solar (Maharashtra) Pvt.

Norden Communication on Tuesday announced its tie-up with the Centre for Development and Advanced Computing (C-DAC) to develop AI-based general-purpose thermal cameras, which are used for security purposes as well as other industrial applications. Norden has entered into an exclusive partnership based on Transfer of Technology (ToT) for the development of 'General Purpose Thermal Camera'. As a Transfer of Technology (TOT) partner, Norden committed to the production, marketing, sale, and implementation of the General-Purpose thermal camera in national highway, defence and oil and gas sectors. About 30% of production is expected under this agreement in this sector.

Jharkhand keeper-batter Ishan Kishan's reluctance to play first-class cricket and focus only on the IPL could prompt the BCCI to make a minimum number of Ranji Trophy games mandatory for players in order to be eligible for the cash-rich league's lucrative auction pool. It has been learnt that BCCI brass has already instructed Kishan to play Jharkhand's last group league game against Rajasthan in Jamshedpur, starting February 16. The manner in which Kishan had skipped match after match after returning midway from South Africa tour citing «travel fatigue» hasn't exactly gone down well with men who matter in the Indian cricket establishment. More so after it was found that he is training in Baroda with his new MI skipper Hardik Pandya while his state team is languishing near bottom of group A table.

Turnover meaninghow rapidly a business receives cash from its accounts receivable or selling its inventory. Analysts and investors use turnover ratios to ascertain if a company is known for a good investment. Some basic types of turnover consist of: As discussed above, turnover is a synonym for revenue, it is of utmost importance for survival and growth for any company or organisation to continue its operations.

The most transformational infrastructure project for the Chandigarh capital region, the metro rail network promises to radically improve connectivity across the Tricity, comprising Chandigarh, Panchkula and Mohali. With Phase 1 spanning over 82 kms and 67 stations covering key locales, the metro aims to decongest traffic and enhance livability.

Valentine’s Day serves as an occasion to make your partner feel special. In addition to planning a date and buying expensive gifts, try to gift your loved ones with something that can enhance their financial security. If your partner is not much into savings and investment, Valentine’s can be the occasion to initiate a conversation around financial literacy.  Here are the top 5 financial gifts people can give to their loved ones on Valentine’s Day.

A recent survey conducted by Capital Group points to a significant gap in understanding the advantages of active fixed-income ETFs among financial professionals, highlighting an opportunity for education and increased adoption in the sector.

American Idol is returning with its 22nd season with it’s premiere on ABC on Sunday. The show marks the return of the judges Luke Bryan, Lionel Richie, and Katy Perry, besides host Ryan Seacrest. The show will be searching nationwide to identify the amateur most talented singers in Nashville, Los Angeles, Tennessee, and the hometown of the judges. After the narrowing down of the contestant's field by the viewers and the judges, a winner will emerge and receive a management contract as well as a record deal with a major label.

Biogen (NASDAQ:BIIB) shares are down more than 5% premarket Tuesday after the company reported earnings for its latest quarter, missing the consensus profit and revenue estimate.

Today marks the release of the most crucial event of the week – the US inflation data report.

A new super PAC backed by major cryptocurrency players, including Coinbase, has launched a multimillion-dollar advertising campaign aimed at crushing Representative Katie Porter, a Democrat running in the California Senate primary.

Making payments of student loan debts has a statistically negative impact on 401(k) contributions and balances, according to a recent study by the Employee Benefit Research Institute and J.P. Morgan Asset Management.

Canadians are stressed out about the economy and have little faith in politicians or governments to fix big problems, a new survey suggests.

₹500 crore upon competition. Brigade’s hospitality segment saw occupancy level at 73%, up 500 basis points y-o-y. One basis point is equivalent to 0.01%.

NEW DELHI : The Union government informed the Supreme Court on Tuesday that it is prepared to engage with the Kerala government on the limits the Centre imposed on the state’s borrowing powers. Senior advocate Kapil Sibal, appearing for the Kerala government, told the court that a state delegation would fly to New Delhi on Wednesday for a dialogue with the Centre.

Mint explains why bitcoin is surging again. The recent surge in bitcoin prices was driven by an estimated $1.1 billion flowing into ETFs during the past week — the highest weekly inflow since the launch of bitcoin spot ETFs. This inflow has seen ETFs collectively amass 200,000 bitcoins, pushing up the price of the digital asset, which has a limited supply and a cap on the number of new tokens added every day.

Cipla as his ‘Valentine's Day 2024 Pick’. Bagadia has recommended a ‘Buy’ on the pharma stock at ₹1,450 and up to ₹1,415 for a target price of ₹1,600 to ₹1,660. According to the expert, Cipla is currently trading at ₹1,450, moving within the range of ₹1,420 to ₹1,450 and showing signs of readiness for a breakout.