Facebook Receiving Users’ Financial Information From Tax-Filing Websites: Report

Last Updated: November 24, 2022, 08:45 AM IST Well-known services like TaxAct are required to provide personal information in order to calculate their returns. (File Photo: Reuters) The information received by Facebook could be used by the company to improve its advertising algorithms, no matter whether the person using the tax filing service has an […]

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Reliance To Demerge Fin Services Arm ‘Jio Financial Services’; List It On Exchanges

New Delhi: Billionaire Mukesh Ambani’s Reliance Industries Ltd on Friday said it will demerge its financial services arm and list it on the stock exchanges. In a statement, the firm said Reliance shareholders will be issued one equity share of Jio Financial Services Ltd (JFSL) for every share they hold in the company. JFSL plans […]

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Crypto Platforms Must Be Licensed In 2023 To Operate Legally: South African Financial Regulator

“We are not legitimising crypto assets,” Eugene Du Toit said.(Representational) Johannesburg: Cryptocurrency financial companies in South Africa will need to apply for a licence between June 1 and Nov. 20, 2023, in order to operate legally, the country’s financial conduct regulator said on Thursday. A declaration on Wednesday that crypto assets are financial products does […]

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Financial Bids for IDBI Bank Likely to Be Invited by March, Sale Process to Conclude Next Fiscal: Report

The financial bids for IDBI Bank privatisation is likely to be invited by March and the conclusion of the sale process is expected in the next financial year, officials said. Last week, the government along with Life Insurance Corporation (LIC) invited preliminary bids for selling 60.72 per cent stake in IDBI Bank. The last date […]

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India On Track To Attract $100 Billion FDI in Current Financial Year; Check Govt Efforts

India is on track to attract $100 billion FDI in the current financial year 2022-23, supported by economic reforms and ease of doing business in recent years. During the last financial year 2021-22, the country recorded the highest-ever FDI at $83.6 billion from 101 countries, the commerce ministry said in a statement. “FDI inflows in […]

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As Jhulan Goswami Walks Into the Sunset, These Financial Tips from Her Career Will Bowl You Over

After 19 solid years of successful, relentless, and record-breaking runs, the Chakdaha Express is coming to a halt. As the women in blue set out at Lord’s on Saturday to whitewash the ODI series against England, India will also bid adieu to Jhulan Goswami, a legend in women’s cricket and a prolific fast bowler. Her […]

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Economist Who Predicted 2008 Financial Crisis Warns About ‘Long, Ugly’ Recession

Economist Nouriel Roubini, known for his correct prediction of the financial crisis the world faced in 2008, has now warned about a “long and ugly” recession in the across the world that can start at the end of this year and continue well into 2022. He also predicted a sharp correction in the S&P 500. His warning comes […]

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Nouriel Roubini Predicted 2008 Financial Crash. Now, Warns Of ‘Long, Ugly’ Recession

Nouriel Roubini expects the US and global recession to last all of 2023. Economist Nouriel Roubini, who correctly predicted the 2008 financial crisis, sees a “long and ugly” recession in the US and globally occurring at the end of 2022 that could last all of 2023 and a sharp correction in the S&P 500. “Even […]

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Govt Considering Proposal To Grant Development Financial Institution Status To REC

The government is considering a proposal to grant the ‘development financial institution’ (DFI) status to REC Ltd, a Navratna CPSE under the power ministry. It is aimed at enabling the state-owned company to steer global climate funding and net-zero investment in the country. In its annual general meeting (AGM) conducted on Friday (September 16), REC […]

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