Finance - CBN

shriram finance block deal: Promoter of Shriram Finance sold over 59 lakh shares for Rs 1,427 crore

by Isna

New Delhi: Sanlam Life Insurance — one of the promoters of Shriram Finance — on Thursday offloaded shares for Rs 1,427 crore through an open market transaction. Shriram Finance is one of the country’s biggest retail non-banking financial companies (NBFCs) offering credit solutions for commercial vehicles, two-wheeler loans, and car loans.

According to the block deal data available with the National Stock Exchange (NSE), Sanlam Life Insurance Ltd sold 59.80 lakh shares, amounting to a 1.6 per cent stake of the company.

The shares were disposed of at an average price of Rs 2,386 apiece, taking the transaction value to

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Money blog: Big drop in energy bills on way in summer; government urges to let some Britons retire early | UK News

by Isna

By Brad Young, Money team

On Summer Scholes’s 16th birthday, two days after her mother died, the first thing on her mind was getting a job to keep a roof over her head.

It was 2021, and alongside her studies in Margate, Summer said she worked for £4.62 an hour (the minimum wage for under-18s at the time) just so she and her aunt could pay rent and put food in the fridge.

By the time she was 18, last September, she was spending the summer working 50 hours a week in hospitality for £375, while her colleagues aged 21

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Finance Ministry says no change in IT regime, refutes messages on social media as false

by Isna

The Finance Ministry has clarified that there is no new change in the income tax regime that is coming in from April 1, 2024, as is being reported by several social media platforms.

“It has come to notice that misleading information related to the new tax regime is being spread on some social media platforms. It is therefore clarified that: There is no new change which is coming in from April 1, 2024,” the Finance Ministry said on Sunday in a post on

The new tax regime under Section 115BAC(1A) was introduced in the Finance Act 2023, as compared to

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HHS overturns Trump’s extended short-term plan coverage

by Isna

Photo: Westend61/Getty Images

The Department of Health and Human Services, joined by other departments, is cracking down on what they call junk insurance plans, in a final rule released today.

The Departments of Health and Human Services, Labor and the Treasury have released the Short-Term, Limited-Duration Insurance and Independent, Noncoordinated Excepted Benefits Coverage, or “Junk Insurance,” Final Rule.

The rule limits short-term plans to no more than four months, instead of the current three years set under the Trump administration in 2018.

WHY THIS MATTERS

Short-term, limited-duration insurance is health insurance designed to fill temporary gaps in coverage when an

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Sam Bankman-Fried sentenced to 25 years for defrauding FTX investors

by Isna

FTX co-founder Sam Bankman-Fried will serve 25 years in prison after being convicted of defrauding his customers, investors, and lenders.

The man who presided over the largest crypto collapse in history received his sentence Thursday in a Manhattan federal court from US Judge Lewis Kaplan, who presided over Bankman-Fried’s trial last fall.

He faced up to 110 years. Prosecutors argued for a sentence of 40 to 50 years, while Bankman-Fried’s lawyers asked for six and a half years.

Sentences for white collar crimes have varied in recent years, from 150 years for Bernard Madoff to 11 years for Elizabeth Holmes.

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Heard a lot about ‘Bidenflation’ lately?

by Isna

It’s a clunky portmanteau, so if “Bidenflation” is on the way out, our ears might be just as grateful as our wallets.

Relief does seem to be coming on both counts. By a variety of measures, voters are gradually growing less prone to inflation and more confident that a solid economy will last for a while. If you squint, there’s a corresponding improvement in President Joe Biden’s reelection odds.

Inflation peaked at 9% in June 2022 and has since dropped to a much more manageable 3.2%. But the shock of spiraling prices has stayed with consumers, who have remained gloomy

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Bajaj Finance Ltd up for five straight sessions | Capital Market News

by Isna

Bajaj Finance Ltd is quoting at Rs 6923.85, up 2.41% on the day as at 12:44 IST on the NSE. The stock was up 23.79% in last one year as compared to a 29.81% spurt in NIFTY and a 17.77% spurt in the Nifty Financial Services.

Bajaj Finance Ltd gained for a fifth straight session today. The stock is quoting at Rs 6923.85, up 2.41% on the day as at 12:44 IST on the NSE. The benchmark NIFTY is down around 0.21% on the day, quoting at 22049.7. The Sensex is at 72613.39, down 0.3%. Bajaj Finance Ltd has risen

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20 Best Stocks to Buy Right Now According to Financial Media

by Isna

In this article, we discuss the 20 best stocks to buy right now according to financial media. If you want to skip our detailed analysis of these stocks, go directly to 5 Best Stocks to Buy Right Now According to Financial Media.

The United States economy has been hit hard by inflation concerns in the past two years, forcing the central bank to raise interest rates in a bid to curb surging prices. Over the last few months, however, inflation numbers have started stagnating. Latest data indicates that even though inflation was clocked at 3.2% in February, up slightly from

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