Wellness Financial News

Year 2023 had a series of cases in which founders locked horns with the Board of Directors, bringing corporate governance standards into sharp focus. Byju Raveendran of Byju’s, Bharatpe’s Ashneer Grover and Housing.com founder Rahul Yadav (in his new startup avtar), were all in the news with regard to issues pertaining to their style of functioning. Former Infosys Board member and co-founder of Aarin Capital Partners, TV Mohandas Pai, talks about the importance of having a high-quality Board with capable independent directors that can guide and propel a startup. Mohandas Pai who is on Byju’s advisory council, declined to talk specifically about the edtech company. Excerpts from an interview: A Board can function well only if it has a good chairman.

Chambal Fertilisers buyback: The board of directors of Chambal Fertilisers and Chemicals Ltd is going to consider and approve the proposal for the buyback of shares. The company board will discuss the bonus issue proposal in its meeting scheduled on 8th January 2024 i.e.

Bilkis Bano case Live Updates: The Supreme Court is expected to deliver a verdict today on the Bilkis Bano case, which involves petitions challenging the remission granted to 11 convicts. The case filed against 11 convicts during 2002 Gujarat riots, that broke out after the Godhra train-burning incident, involved convictions on charges on gangrape of Bilkis Bano and murder of seven of her family members.The gangrape victim Bilkis Bano was 21 years old and five months pregnant when the incident took place while fleeing communal riots.

Sensex Today | Share Market Live Updates: Indian stock indices are expected to open flat on Monday as indicated by trends in Gift Nifty. The markets are likely to be significantly influenced by the upcoming quarterly earnings from major IT companies like TCS and Infosys, as well as global market trends.

By Rae Wee

Innovation in traditional plans could see hyper personalisation in the near future, leading to open-ended products with the ability to mix and match, Sumit Rai, MD & CEO, Edelweiss Tokio Life Insurance tells Riju Mehta. What are your Budget expectations? A lot of expectations continue to be what they were. The annuity double taxation is a big one because India is one of the largest grey countries and a part of the reason annuities are not doing as well is the taxation structure. You are taxing it at entry and exit.

When I spoke to the son, who is already an engineer working in a large city and earning well, his story was very different. He was disillusioned with the education system that his parents put him through. He knew they were doing their best, and that they acted in his best interest, but he was unwilling to continue what he did not enjoy. The four years of staying away from home, working and living independently had significantly changed his outlook on life.

A taxpayer who finds himself in the new regime can switch to the old tax regime at the time of filing tax returns. “However, taxpayers can claim deduction only if they make their tax-saving investments before 31 March,” says Sudhir Kaushik, CEO of tax filing portal TaxSpanner. com. The taxpayers who changed jobs during the year may not have been asked to submit proof of investments either. The new employer might not have taken into account the income from the previous job and would have calculated a lower tax. “They should also complete their tax-saving investments now,” says Kaushik. Our annual ranking of tax-saving instruments helps such individuals make the right choices. We assessed 10 tax-saving options on eight key parameters—returns, safety, flexibility, liquidity, costs, transparency, ease of investment and taxability of income. Each parameter has equal weightage and the composite scores determine the place in the ranking.

esports teams including S8UL, Revenant Esports, GodLike Esports, Enigma Gaming, Global Esports etc. are deliberating to cap the salaries of players at Rs 2.5 lakh per month as player poaching is hurting the team play at tournaments. Owners of as many as 15 esports organisations met last month to deliberate that dolling out high salary packages in a race to grab the top performing players is pushing many organisations in the red.

Flipkart has been implementing these performance-based job reductions annually for the past two years. It has also frozen fresh hiring in the past year to control costs, these people said. Currently, the firm is closing $1-billion financing from Walmart and others, first reported by ET on December 21.

growth in aggregate net profit for the third consecutive three-month period, ETIG estimates for the December quarter showed, although muted performance of technology and consumer-goods companies could decelerate the pace of expansion. Net profit in the December 2023 quarter for the Nifty 50 constituents is expected to climb 15%, compared with 7.6% growth in the year-ago period. To be sure, the year-on-year profit growth was above 25% in each of the two previous quarters, reflecting the base effect. Aggregate revenue is expected to climb 8.5%, compared with the growth of 6.8% and 18.4% in the previous and year-ago quarters, respectively.

NBA derby is here as Los Angeles Lakers will take on the Los Angeles Clippers at Crypto.com Arena. LA Lakers versus Clippers NBA game will be played at 9:30 pm (ET) on January 7 on Sunday. The live streaming will be available on fubo TV for free. One can also catch NBA games live on NBA League Pass. Two months after they last met, the Los Angeles Clippers and Los Angeles Lakers will renew acquaintances Sunday in a clash of hallway neighbors that have been headed in opposite directions.

By David Shepardson, Valerie Insinna and Tim Hepher

New Delhi: The government will soon come out with policy guidelines mandating the use of urban solid waste in all highway projects across the country. The plan aims to reduce the use of soil from agricultural land for building embankments for highways, as well as provide a viable outlet for millions of tonnes of solid waste from landfills.

Aditya Birla Capital Ltd (ABCL) is looking to rev up its digital distribution game through its recently-incorporated subsidiary Aditya Birla Capital Digital (ABCD). The subsidiary, which last week received ₹50 crore from its parent, is planning to launch an app soon with an aim to “directly source customers for its financial services offerings," Pankaj Gadgil, group head-digital platforms, Aditya Birla Capital Ltd, told Mint. ABCL offers protection, investment, asset creation and transaction-related financial services such as insurance, mutual funds, stock investments, financing, wealth management, and advisory.

₹50 trillion for the first time in November last year. Many factors have contributed to it. The pace of new orders has been slower than in previous months.

₹2,500 and ₹10,000. Parents or guardian can invest in a minor’s MF account through their own banks. However, the redemption proceeds will only be transferred to the minor’s bank account.

Global Investors Meet 2024 organised by the Tamil Nadu government here. “Don't oversubsidize manufacturing and think that's the only part to growth... Services are also a big part of the growth story, and let's not treat services as a stepchild less valuable, less amenable to low-skilled jobs.

T20 International format. MSK Prasad, the former chairman of selectors and wicketkeeper, stated on Sunday that if both Rohit Sharma and Virat Kohli have declared themselves fit for the T20 World Cup in June, then they need to be included in the T20I squad for the forthcoming series against Afghanistan. After the ODI World Cup, they were supposed to return to T20Is. India had matches against South Africa and Australia, but they missed both of those matches as well, which sparked debate over whether they would even play in the World Cup in June, which the USA and the West Indies would be co-hosting. If news about the ICC tournament in 2024 is to be believed, Kohli and Rohit have both committed to participate.

Tata Power on Sunday said it is looking to invest around Rs 70,000 crore to come up with a 10 gigawatt (GW) solar and wind units in Tamil Nadu over a period of five to seven years, the power major's top executive said while addressing a press briefing at the Tamil Nadu Global Investors Meet (GIM) in Chennai. A formal announcement is likely to happen on Monday, when a memorandum of understanding will be signed between the state government and Tata Power. “As part of GIM, we are looking at investing Rs 70,000 crore. This will happen over a period of time of five to seven years.

Rohit Sharma leading Team India in the World Cup and didn't give much importance to the fact that the Indian skipper and Virat Kohli have not played T20 cricket since 2022. "Of course, Rohit should captain the team in the T20I World Cup. Virat Kohli also should be there.