WhatsApp Financial News
27.09 / 02:13
UPS
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President
2020
reports
Major setback for Trump as Judge rules ex-US President and sons committed ‘fraud’ by inflating asset values
Trump, his two eldest sons, along with other Trump Organization executives of lying to tax collectors, lenders, and insurers for years in a scheme that routinely exaggerated the value of their properties, AFP reported. Trump's lawyers had asked the judge to throw out the case ahead of the trial by granting what is known as a summary judgment in his favor.
27.09 / 02:13
Provident
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Experts
show
country
hospital
Iraq fire kills at least 100, 150 injured during a wedding ceremony
Click here) Iraqi News Agency quoted a civil defence official who said that the wedding hall's exterior was decorated with highly flammable cladding that was illegal in the country. “The fire led to the collapse of parts of the hall as a result of the use of highly flammable, low-cost building materials that collapse within minutes when the fire breaks out," civil defense said.
27.09 / 02:13
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Death
shootings
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reports
Department
SOLIDARITY
Nijjar killing row: ‘Canada has seen a lot of organized crime’, says Jaishankar
Hardeep Singh Nijjar's killing, the minister said that it was ‘politically inconvenient'. Speaking at a Council on Foreign Relations event in New York, Jaishankar said, “Canada actually has seen a lot of organized crime relating to the secessionist forces, organized crime, violent extremism." “Our concern is that it’s really been very permissive because of political reasons. So we have a situation where, actually, our diplomats are threatened," he added.
26.09 / 23:43
WhatsApp
Celebrity
donates
Eid-e-Milad-Un-Nabi 2023: Why is Eid-e-Milad celebrated? Date, history and significance
Click here! Initially, the ruling Shia tribe in Egypt start celebrating this festival, but it gradually spread to Syria, Morocco, Turkey, and Spain in the 12th century. Sunni Muslim sects also started celebrating it later on.
26.09 / 18:49
ETF
Aware
Yellow
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President
tenor
Record demand for sovereign gold bonds despite price rise
₹6,914 crore in the second tranche of the current fiscal year despite high gold prices. Rising global macro uncertainty and high retail price inflation back home, amid rising crude oil prices, are driving investor demand, according to a banker and a senior broking official.
26.09 / 18:19
Amazon
Platform
economy
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Amazon faces antitrust lawsuit From FTC, 17 US states
Click here! Amazon’s illegal, exclusionary conduct makes it impossible for competitors to gain a foothold. With its amassed power across both the online superstore market and online marketplace services market, Amazon extracts enormous monopoly rents from everyone within its reach, the complaint read “Our complaint lays out how Amazon has used a set of punitive and coercive tactics to unlawfully maintain its monopolies," FTC Chair Lina M.
26.09 / 18:19
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President
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electronic
recommendations
Govt, Sebi in favour of fractional shares
₹109,675.40, ₹40,830.20, and ₹39,090.85, respectively, on the BSE on Tuesday. A steep price puts many such stocks beyond the reach of a large number of small investors. However, the committee’s proposal to allow fractional shares was specific to the context of issuing fresh capital.
26.09 / 18:05
Reuters
WhatsApp
information
reports
China Evergrande’s offshore creditors to join winding-up petition if it fails to submit new debt revamp plan: Report
Reuters citing two sources. In March, Evergrande had unveiled offshore debt restructuring plan, but uncertainty has surrounded it after the developer on Sunday said that it was unable to issue new debt due to an ongoing probe into its main unit in China.
26.09 / 18:05
FIVE
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RIO
pandemic
Halt imports of rough diamonds, trade association tells members
Mint has seen a copy of the letter that has other signatories— heads of Bharat Diamond Bourse (BDB) ,located in Mumbai’s Bandra-Kurla Complex, Surat Diamond Bourse (SDB), Mumbai Diamond Merchants’ Association (MDMA) and Surat Diamond Association . “India’s exports of polished diamonds have fallen by more than 25% in the January-August period as demand for loose polished diamonds and jewellery from key consumers like US and China has been materially affected, which is why we have appealed to our members to halt imports of roughs," Shah told Mint.
26.09 / 17:35
Lowe's
Google
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reports
UPI transactions surged to 9.3 billion in June 2023, driven by P2M, says Worldline report
₹45.52 trillion to ₹63.99, a 41% increase. The P2M transactions are experiencing rapid growth, with a 119% increase compared to a 41% rise in P2P transaction volume in H1 2023, the report said. The removal of transaction fees for merchants contributed to the growth in P2M transactions, the report added.
26.09 / 17:19
IPO
Manufacturing
WhatsApp
band
Valiant Laboratories IPO: Firm mobilises ₹45 crore from anchor investors ahead of issue
Valiant Laboratories IPO: Valiant Laboratories has raised ₹45.74 crore from anchor investors a day ahead of its IPO subscription opening for bidding. Valiant Laboratories initial public offering (IPO) will open for subscription on Wednesday, September 27 and close on Tuesday, October 3.
26.09 / 17:19
Extreme
Aware
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information
reports
Nazi
Extradition
Poland exploring extradition of Nazi war veteran lauded in Canadian Parliament
Exciting news! Mint is now on WhatsApp Channels :rocket: Subscribe today by clicking the link and stay updated with the latest financial insights!" Click here! Rota issued an apology on September 25, saying that he was not aware about Hunka's associated with the Nazi forces. "I have subsequently become aware of more information which causes me to regret my decision to do so." Canadian Prime Minister Justin Trudeau also expressed regret, noting that "this is something that is deeply embarrassing to the Parliament of Canada and by extension to all Canadians." "It's extremely upsetting that this happened.
26.09 / 16:53
FIVE
BLOCK
WhatsApp
stake
Bulk Deals Today: L&T Finance offloads stake in Zee Media; Madhusudan Masala, Kundan Edifice exchange hands
₹12.02. A bulk deal is a transaction in which at least five per cent of a company's total equity shares are traded all at once.
26.09 / 16:53
CEO
WhatsApp
reports
Piyush Pandey steps down from Ogilvy India's leadership role, VR Rajesh to be new CEO: Report
Economic Times. She will lead and drive the strategic direction, growth, and transformation agenda of the firm.
26.09 / 16:39
UPS
Digital
Extreme
Remark
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Department
Days when few nations set agenda are over: Jaishankar
NEW DELHI : The goals that India has set for itself as it aspires to become a “great power" will make it “different" from the powers that preceded it, external affairs minister S Jaishankar told the United Nations in an address on Tuesday. “The days when a few nations set the agenda and expected others to fall in line are over as the United Nations itself symbolizes," declared Jaishankar, while delivering India’s national statement at the UN General Assembly. During his remarks, Jaishankar positioned India as a power determined to act in the interest of globally under-represented nations.
26.09 / 16:39
UPS
BLOCK
Citizens
WhatsApp
Revenue loss still a road block to fuel GST
NEW DELHI : Petroleum products are unlikely to be brought under the Goods and Services Tax (GST) anytime soon, as doing so can cause states’ fiscal deficit to balloon, while also widening revenue losses for the Centre, two senior government officials told Mint. The total taxation on petrol and diesel, including state-levied value-added tax (VAT) and the centre’s excise duty, comes to about 35%-50% (45%-50% for petrol and 35%-40% on diesel), one of the officials said. Different states levy different amounts of VAT on petroleum products.
26.09 / 16:39
Provident
Manufacturing
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Department
recommendations
2024
end
Duty, tax remission scheme to run till end June, 2024
NEW DELHI : The government has extended the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme till 30 June 2024, an official statement said on Tuesday, benefitting exporters amid global headwinds. “The RoDTEP support which was notified till 30th September 2023 is now being extended till 30th June 2024 at the same rates to the existing export items," the commerce ministry said in a statement.
26.09 / 16:39
UPS
Target
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Bill
cover
Govt to issue 50-yr securities, sticks to borrowing plans
NEW DELHI : The Centre will borrow ₹6.55 trillion for the second half of the ongoing financial year— or 42.45% of its gross market borrowing of ₹15.43 trillion for the full year—the government said, leaving its borrowing plans unchanged. The borrowing for FY24 will be done through dated securities, including ₹ 20,000 crore through issuance of sovereign green bonds, the finance ministry said in a statement Tuesday. While the government will stick to its borrowing plan for the year, it will issue 50-year securities for the first time, in response to a market demand for longer duration securities, the ministry added.
26.09 / 16:39
UPS
WhatsApp
services
Financial
Aditya Birla Capital infuses ₹750 crore into its financial services arm Aditya Birla Finance Limited
Aditya Birla Group, on Tuesday said that it has infused ₹750 crore that, Aditya Birla Capital Limited (“the Company" or “ABCL") has on 26 September 2023, made an investment of Rs. 749,99,98,868 (Rupees Seven Hundred Forty Nine Crore Ninety Nine Lakh Ninety Eight Thousand Eight Hundred and Sixty Eight Only) on rights basis, in the equity shares of Aditya Birla Finance Limited (“ABFL"), which is a a wholly owned material subsidiary of the Company.
26.09 / 16:33
Platform
WhatsApp
performer
Zerodha's FY23 profit growth slows, but remains bullish on F&Os
₹2900 crore from ₹2094 crore in the fiscal before, it said in a blog. Its revenue, on the other hand, grew by 35.5% to ₹6875 crore in FY23 from ₹4694 crore in the financial year ended March 2022. The major sources of its income are stock brokerages, onboarding fees, commissions from selling mutual funds via Zerodha Coin and the sale of APIs.
26.09 / 16:33
COST
Enterprise
WhatsApp
show
performer
Revival of India Cements’ earnings is easier said than done
₹70 crore reflects the management’s intent to monetize non-core assets, something it has been talking about. The aim is to meet working capital requirements, fund near-term capital expenditure and repay debt. But this sale could well be a drop in the ocean for its deleveraging efforts, unless of course its operating metrics improve significantly.
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