WhatsApp Financial News

Emami on Saturday announced the acquisition of the remaining 49.6 per cent stake in Helios Lifestyle, which owns male grooming brand 'The Man Company'. Helios Lifestyle is already a subsidiary of Emami with 50.4 per cent shareholding, according to a statement from Emami. «The completion of the acquisition of Helios by Emami will strengthen its presence in the fast-growing digital-first premium male grooming segment,» it said.

Mumbai local train commuters faced inconvenience in morning rush hours on Saturday as an overhead equipment snag on the Harbour line caused disruptions. The snag happened between Vashi and Mankhurd railway stations, said an official told PTI. The services on the route remained completely shut for at least two hours after overhead equipment on the Vashi-bound line broke at 7:30 am and was fixed only by 9:30 am, a Central Railway spokesperson said.

Yuki Bhambri and Albano Olivetti advanced to the men's doubles third round of the US Open with a hard-fought win over 15th seeds Austin Krajicek and Jean-Julien Roger here. The Indo-French pair defeated the USA-Dutch team 4-6 6-3 7-5 in the second round that lasted two hours and five minutes on Friday. This is only the second time that Bhambri has reached the third round at a Grand Slam, having reached the same stage at the Australian Open back in 2014. Second seeds Rohan Bopanna and Matthew Ebden also moved to third round with a 6-2 6-4 win over Spain's Roberto Carballes Baena and Federico Coria from Argentina.

WhatsApp tests new features; Replace phone numbers with usernames: What it means for users?According to the report, WhatsApp is working on a new section that will allow users to manage the synchronisation of their address book, allowing them to control how each contact is synchronised. The feature is aimed at users who take advantage of the app's multi-account feature, allowing them to keep their work and personal contacts separate.Additionally, even if users choose to turn off contact syncing for their accounts, WhatsApp will provide them with a manual sync option in the new update, allowing them to sync each contact individually, meaning they can sync specific contacts from their accounts without having to sync the entire address book.

Emami Ltd on Saturday announced it has entered into a binding agreement with Helios Lifestyle to acquire the balance 49.6% stake to make it a wholly-owned entity. Emami will pay Rs 177.63 crore for this stake in an all-cash deal. Emami already owned 50.4% in Helios which sells the men’s grooming brand The Man Company and Helios has been a subsidiary of the company. In 2023-24, Helios had a turnover of Rs 183 crore. ET had written about this deal in July. The Man Company is a digital-first lifestyle brand offering head-to-toe range of premium men’s grooming products in categories like fragrances, skin care, hair care, body care and beard management.

Dr S Jaishankar said at the ET World Leaders Forum referring to the challenges that the world faces in today's time. Jaishankar explained that there are different forms of risks that pose a threat to the globe, including pandemics and climate change. In a conversation with ET's Pranab Dhal Samanta, Jaishankar said that risks are coming out of changes happening in the world. With respect to the emerging risks, the EAM said that every government today is constantly and cautiously assessing risks. These risks also expand to the global supply chain, he added.

Chinese manufacturing contracted for a fourth consecutive month in August, official data showed Saturday, a worse-than-expected result reflecting the world's second-largest economy's struggle to recover. China is facing a crisis in its vast real estate sector as well as lackluster confidence among households and businesses, which is hindering consumption, while geopolitical tensions with Washington and the European Union threaten foreign trade. In August, the Purchasing Managers' Index (PMI) — a key barometer of industrial output — stood at 49.1 points, the National Bureau of Statistics (NBS) announced.

Sebi) has tightened the eligibility criteria for stocks to be a part of the futures and options (F&O) segment. The regulator wants stocks that are part of the derivatives market to be more liquid and traded by a wide set of market participants to prevent manipulation and lower risks to the system.

cyclone «Asna,» a deep depression over the Arabian Sea, causing heavy rains in Gujarat, is likely to move West-Northwest over the Northeast Arabian sea and away from the Indian Coast during the next 24 hours. Additionally, the IMD stated that the deep depression has been moving at a speed of 14 km per hour with a latitude of 23.6° N and a longitude of 66.4°E, 250 km West of Naliya in Gujarat, 160 km South-South West of Karachi in Pakistan, and 350 km East- Southeast of Pasni in Pakistan. Earlier on Friday, IMD scientist Ramashray Yadav said that Ahmedabad and Gandhinagar would receive light to moderate rains.

Mamata Banerjee in her second letter to Prime Minister Narendra Modi on Friday addressed her demand for a “stringent central legislation on incidents of rape” and apprised him about the steps taken by the state government on women’s safety and security. She further claimed that she had not received a response to her previous letter. “I would reiterate and earnestly request to kindly consider a stringent Central legislation and exemplary punishment on heinous crimes of rape tape and murder with mandatory provision for disposal of cases in a specific time-frame by the trial authorities. I hope this matter would receive a very considerable attention at your kind end in the interest of our society at large,”Banerjee wrote in her letter .

Reliance Jio's 100GB free cloud storage offer could challenge Google One and iCloud's dominance among Android and Apple phone users in India, something which Dropbox and Microsoft's OneDrive haven't been able to do as yet, experts said. The competition could also nudge these players to lower their pricing — Google One (100GB at ₹130), iCloud (50GB at ₹75) — a trend emerging as Indian players like Ola, and MapMyIndia, challenge the large Western counterparts like Amazon Web Service (AWS), Microsoft's Azure, Google etc. «Jio has brought a very lucrative proposition for an average phone user in India who struggles to upgrade memory because of paid storage,» said Neil Shah, founding partner of technology consulting firm Counterpoint Research. «But, bundling of products and services with the OS ecosystem is a key challenge here.»

Adani Ports & Special Economic Zone Ltd (APSEZ) Friday said it has agreed to buy an 80% stake in Dubai-based Astro Shipping Company for $185 million (about ₹1,551 crore) as part of its strategy to expand fleet and boost earnings. «Astro's acquisition is part of our plan to become one of the world's largest marine operators,» said Ashwani Gupta, wholetime director and CEO of APSEZ. «Astro will add 26 ships to our current fleet of 142 tugs and dredgers, making a total of 168 ships. This will also give us access to many important customers and strengthen our presence in the Arabian Gulf, Indian subcontinent, and Far East Asia.» The deal valued Astro Shipping at $235 million. The company offers maritime services including ship management, shipping agency, freight forwarding, and chartering.

government has slashed windfall tax on domestically produced crude oil to Rs 1,850 per tonne from previous Rs 2,100 per tonne. The new rates will be effective from August 31, an official notification said. Windfall tax on export of diesel and aviation turbine fuel (ATF) has been retained at nil. The tax is levied in the form of Special Additional Excise Duty (SAED). Previously, the government on August 17 revised the windfall gains tax on petroleum products, reducing the levy on domestic crude oil to Rs 2,100 per tonne, down from the previous Rs 2,400 per tonne.

Zee Entertainment Enterprises has filed an application with the National Company Law Tribunal (NCLT) seeking the recall of the tribunal's August 10, 2023 order, which sanctioned the merger scheme with Sony Group Corporation's India media units, Culver Max Entertainment and Bangla Entertainment. The Indian entertainment giant filed the application with the Mumbai bench of the NCLT on August 29, according to its regulatory filing. Furthermore, on August 30, Zee withdrew its application and relinquished its rights to file claims/counterclaims before the arbitral tribunal constituted in the arbitration proceedings related to the merger cooperation agreement dated December 22, 2021.

Jharkhand chief minister Champai Soren on Friday finally joined the BJP ahead of the upcoming polls in the state. He joined the BJP during a public meeting in Ranchi in the presence of national and state BJP leaders. Union minister and BJP's state election in-charge Shivraj Singh Chouhan, Assam CM Himanta Biswa Sarma, BJP Jharkhand in-charge Laxmikant Bajpai, state president Babulal Marandi were present during the public meeting-cum-joining programme of Champai Soren. Soren expressed his gratitude for the leadership of PM Narendra Modi and home minister Amit Shah and said that he will continue his fight for the tribal pride and will work for a better Jharkhand in BJP.

Nasa announced on Friday that it will remove two astronauts from an upcoming SpaceX flight to make space for two astronauts currently stranded at the International Space Station (ISS). Nasa astronauts Zena Cardman and Stephanie Wilson will be removed from the mission but are expected to join future missions. This decision was made considering factors such as spaceflight experience. Nasa’s Nick Hague and Russian astronaut Aleksandr Gorbunov are set to launch aboard a SpaceX rocket to the ISS in September. They will return in February with the astronauts stranded at the ISS, Sunita Williams and Butch Wilmore. Williams and Wilmore had originally embarked on a one-week mission aboard Boeing's Starliner since June. However, due to technical problems like helium leaks and thruster malfunctions, their stay on the ISS has been extended.

agitation) for the BJP as the party strives to safeguard the rights of people of the Union Territory which he said the NC-Congress alliance is out to usurp. Reddy, who is also the party's election in-charge in J&K, alleged during an interaction in Jammu that the NC-Congress pre-poll alliance is a «black alliance» aimed at bringing back the «black law of Article 370», which he referred to as «Jinnah law». «BJP took a historic step in August 2019 but this black coalition of NC and Congress want to bring back Article 370 whose abrogation has liberated the people of J&K and given them the rights enshrined in the Constitution of Babasaheb Ambedkar,» said Reddy. To ensure that the rights of people of J&K are not snatched again, the BJP will work hard to keep the «dark forces» away in the interest of the people of J&K, he said. The BJP minister alleged that 46,000 people have been killed in J&K since 1947 because of the follies of the Congress, Jawaharlal Nehru and Indira Gandhi. He said the Congress has again joined hands with the Abdullahs of NC to destroy the region.

Mumbai: The all-India House Price Index (HPI) moderated to 3.3 per cent in the June quarter of 2024-25 from 5.1 per cent in the year-ago period, according to data released by the Reserve Bank of India on Friday. The RBI releases HPI-based on transaction-level data received from the registration authorities in 10 major cities. The cities are Ahmedabad, Bengaluru, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow and Mumbai. «All-India HPI increased by 3.3 per cent (y-o-y) in Q1:2024-25 as compared to 4.1 per cent growth in the previous quarter and 5.1 per cent a year ago; annual HPI growth varied widely across the cities — ranging from a high of 8.9 per cent (Kolkata) to a low of (-)1.7 per cent (Delhi),» the central bank said.

Enforcement Directorate has facilitated the restitution of Rs 19.40 crore to the defrauded investors of the Rose Valley Group Ponzi scheme on the orders of a special PMLA court in Kolkata, officials said on Friday. In a statement, the ED said the amount has been transferred to the Rose Valley Asset Disposal Committee (ADC) account according to the court directives on July 24 and August 17. «The ED had requested the Assets Disposal Committee, constituted by the high court, to seek restitution of properties attached or seized by the ED under the provisions of the Prevention of Money Laundering Act (PMLA). »In compliance, the ADC filed an application under Section 8(8) of the PMLA before the Special Court," the ED statement said.

Indian Banks' Association is likely to ask the central bank to reduce the amount of additional funds lenders will need to set aside against some retail deposits and also seek a delayed and gradual implementation of the proposal, seven sources told Reuters. The Reserve Bank of India in July proposed an additional 5% 'runoff' requirement on retail deposits enabled with internet and mobile banking facilities to bolster the liquidity resilience of banks. The RBI had sought feedback on the proposal until Aug. 31, after which it would finalise them for implementation from April 2025.

Macrotech Developers has acquired two companies operating in the warehousing sector for nearly Rs 96 crore. The realty developer has Acquired Opexefi Services and One Box Warehouse for Rs 46.67 crore and Rs 49.09 crore, respectively. By acquiring 100% equity in both companies, Macrotech Developers is aiming to expand its logistics park and warehouse development vertical, strengthening its presence in the sector.