Total Operating Income rise 32.45% to Rs 4508.27 crore
Posts in category Business Standard
Export-Import Bank of India standalone net profit rises 63.50% in the June 2024 quarter (17-08-2024)
Gold price climbs Rs 10 to Rs 71,630, silver rises Rs 100 to Rs 84,100 (17-08-2024)
The price of 22-carat gold also inched up Rs 10, with ten grams of the yellow metal selling at Rs 65,660
Bibles, crypto, Truth Social, gold bars: Trump’s reported sources of income (17-08-2024)
Former US President Donald Trump owns more than $1 million worth of cryptocurrency and up to $250,000 in gold bars along with the portfolio of golf courses and real estate properties that have made him a billionaire, according to newly released financial disclosures.
The details come from documents filed by Trump as part of his Republican presidential bid that were released Thursday night.
The more than 200 pages of paperwork give a limited picture of the real estate developer-turned reality TV star-turned-president’s money and investments. In accordance with federal law, most assets’ values are listed in a range, though Trump reports the precise figure for some of his income. The document does not detail the former president’s business losses, making it impossible to determine how much of a profit any of his myriad holdings provides.
But it provides a glimpse at Trump’s vast wealth and some new details about the unusual ways he makes money.
UNUSUAL INVESTMENTS AND SOURCES OF …
Sebi proposes amendments to ease compliance for entities with listed NCDs (16-08-2024)
Capital markets regulator Sebi on Friday proposed amendments to ease the compliance requirements for entities with listed non-convertible securities.
This move will ease the cost of compliance for participants in the financial sector, as announced by the government in FY 2023-24 Budget.
In its consultation paper, Sebi proposed aligning the approval and authentication process for financial results of entities with listed non-convertible securities to that of equity-listed entities.
This will streamline the procedures, ensuring that financial results are approved by board of directors and signed by a designated official, similar to the requirements for equity-listed entities.
The regulator also proposed to align the provisions of disclosure rules for fraud and default by key managerial personnel in entities with listed non-convertible securities with those applicable to equity-listed entities.
As per the consultation paper, Sebi said it will also streamline the timeline for notifyin
Cabinet approves two corridors of Bangalore Metro Rail Project Phase-3 project (16-08-2024)
Completion cost of Phase-3 is Rs 15611 crore to be operational by 2029
Cabinet approves Pune Metro Phase-1 project extension (16-08-2024)
Completion cost of the project is Rs 2954.53 crore to be operational by 2029
Cabinet approves Thane integral Ring Metro Rail Project (16-08-2024)
Completion cost of the project is Rs 12200 crore to be operational by 2029
RBI levies penalty on BoM, Hinduja Leyland Finance, Poonawalla Fincorp (16-08-2024)
The Reserve Bank on Friday said it has imposed a penalty of Rs 1.27 crore on Bank of Maharashtra (BoM) for violating its directions, including on Know Your Customer.
The Reserve Bank of India (RBI) has, by an order dated August 8, 2024, imposed a monetary penalty of Rs 1.27 crore on Bank of Maharashtra for non-compliance with certain directions issued by RBI on ‘Loan System for Delivery of Bank Credit’, ‘Cyber Security Framework in Banks’ and ‘Know Your Customer’, the central bank said in a statement.
After considering the bank’s reply to the notice, oral submissions made during the personal hearing and examination of additional submissions made by it, RBI found that the charges against the bank were sustained, warranting imposition of monetary penalty.
Besides, the RBI has imposed a monetary penalty of Rs 4.90 lakh on Hinduja Leyland Finance Ltd for non-compliance with certain provisions of the Know Your Customer (KYC) Directions, 2016.
The action is based on a deficiency in …
National Coal Index dips 3.48% yoy in June 2024 (16-08-2024)
Notable decrease indicates sufficient availability of coal in market
Outflows from SIP accounts scale new high of Rs 14,367 crore in July (16-08-2024)
As a result, net inflows drop to just 38% of gross collections