shriram finance block deal: Promoter of Shriram Finance sold over 59 lakh shares for Rs 1,427 crore petek, September 12, 2024 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 … Continue Reading
Money blog: Big drop in energy bills on way in summer; government urges to let some Britons retire early | UK News petek, September 11, 2024 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 … Continue Reading
Fife business Prints Charming one of ten shortlisted for Britain’s Best Small Business Name competition petek, September 10, 2024 Watch more of our videos on Shots! and live on Freeview channel 276 Visit Shots! now Prints Charming in Crosshill Business Centre, near Lochgelly is one of ten businesses in the running to win a £2500 cash prize just for having a funny name. Small business insurance provider Simply Business has partnered with comedian Darren Walsh to find Britain’s Best Small Business Name. With Darren’s knowledge of puns, he has selected the shortlist and now the public can vote for their favorite to decide the overall winner. The other businesses on the shortlist this year are Barber Streisand (barbers in … Continue Reading
Report shows small business optimism is at 11-year low petek, September 9, 2024 LEXINGTON, Ky. (LEX 18) — A recent report shows small business optimism is at an 11-year low, but small businesses in central Kentucky are working to overcome the current economic challenges. The National Federation of Independent Business (NFIB) collects data from businesses across the country, tracking the ‘Small Business Optimism Index’. In the latest report, the index has reached its lowest level since the end of 2012. The index takes into account plans to add jobs, expected sales, and current job openings. As inflation and a difficult hiring climate have burdened small businesses, the index is now lower than it … Continue Reading
Finance Ministry says no change in IT regime, refutes messages on social media as false petek, September 8, 2024 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 … Continue Reading
HHS overturns Trump’s extended short-term plan coverage petek, September 7, 2024 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 … Continue Reading
Sam Bankman-Fried sentenced to 25 years for defrauding FTX investors petek, September 6, 2024 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.… Continue Reading
Heard a lot about ‘Bidenflation’ lately? petek, September 5, 2024 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 … Continue Reading