Action Financial News
22.08 / 04:37
COST
Fox
CEO
Landmark
Action
Entertainment
Lachlan Murdoch pays $1.3m to Crikey for abandoned defamation suit
Lachlan Murdoch has paid more than $1.3 million in legal costs to Crikey to settle the bill associated with the media mogul’s abandoned defamation proceedings against the small Canberra publisher.
22.08 / 04:35
Aware
CEO
Action
3.6 crore voters in Telangana according to draft voter list; over 8 lakh new voters added
Assembly elections, Telangana Chief Electoral Officer (CEO) Vikas Raj on Monday stated that the draft roll for 2nd Special Summary Revision (SSR) was published in all 119 Assembly Constituencies. As per the draft roll, the total number of voters in Telangana state stood at 3,06,42,333, wherein 1,53,73,066 are male voters and 1,52,51,797 are female voters and 2,133 voters belong to the third gender. The state has 119 assembly constituencies and the number of polling stations is 35,356. The total number of general electors in the state is 3,06,26,996.
22.08 / 04:03
Target
Platform
Action
show
Big Movers on D-Street: What should investors do with PNB Housing Finance, Trident and Tanla Platforms?
Stocks that were in focus include names like PNB Housing Finance, which rose 3.41%, Trident, which gained 11.42%, and Tanla Platforms, whose shares declined 5.50% on Monday.Here's what Riches Vanara, Technical And Derivatives Analyst at StoxBox, recommends investors should do with these stocks when the market resumes trading today:PNB Housing Finance — BuyThe stock is coming out of a rounding bottom pattern on weekly charts and has relatively outperformed the head index week-on-week. The price action and momentum indicators like MACD and 14-period RSI are also showing a bullish trend. The stock is a buy candidate at CMP and around 645 for targets of 680 and 710 with a stop below 618.Trident — BuyA breakout from a descending channel can be visible on a weekly time frame.
22.08 / 04:03
COST
IPO
Provident
ETF
Action
businesses
Indian
etmarkets
ETMarkets Smart Talk-New-age businesses are key for growing Indian markets and economy: Prashant Bisht
“We agree that new-age businesses are key for growing the Indian markets and economy,” says Prashant Bisht, Deputy CIO at True Beacon. In an interview with ETMarkets, Bisht said: “India is home to 108 unicorns, and almost 60% of the firms were established in the past few years; these firms are collectively valued at over $340 billion and have made sizeable contributions to the economy” Edited excerpts:Market seems to be consolidating after hitting record highs. What is your take on markets? Indian markets (i.e., NIFTY50) have been scaling new highs every month since the close of March 2023.
22.08 / 04:03
UPS
Action
DAL
performer
If you have a good selection, smallcaps are the way to go now: Vinit Bolinjkar
Vinit Bolinjkar, Head of Equity Research, Ventura Securities, “says index stocks have just not performed. It has been a screeching rally led by the smallcap and the midcap stocks. Currently, the smallcap stocks still look very cheap. They are at 13 times CY25 earnings. So, although there are a number of indicators which point to the move reaching slightly uncomfortable levels, I still believe that if you have a good selection of stocks, smallcap is the market to play in the current scenario.”Where do you think India is going to draw cues from? Will it be a global event, which is going to dictate our markets or do you think it is going to be something internal like inflation?There are a couple of things that I would like to draw your attention to.
22.08 / 02:37
Action
Actor
Sunny Deol on Bank of Baroda's auction notice for Juhu property: ‘I won’t say anything because…’
₹56 crore owed by the actor. The actor, however, refrained from offering any comments on the matter. "I do not want to comment.
22.08 / 02:37
UPS
Target
Action
NIFTY
SENSEX
Day trading guide for today: Six stocks to buy or sell on Tuesday — August 22
Day trading guide for today: On account of rally in metal, power and IT stocks, Dalal Street ended higher on Monday. NSE Nifty gained 83 points and ended at 19,393 levels, BSE Sensex surged 267 points and finished at 65,216 mark whereas Bank Nifty index added 150 points and closed at 44,002 levels. However, broad market outperformed key benchmark indices.
22.08 / 01:59
Action
controversy
Kiss controversy at Women’s World Cup: Spain’s football chief issues apology, ‘Surely I was wrong’
Gender Equality Minister, Irene Montero, emphasised that non-consensual actions should not be normalised. Despite the controversy, Hermoso has expressed her desire to focus on her achievement as a world champion, indicating her wish for the attention to shift away from the incident.
22.08 / 01:59
IPO
NASDAQ
Action
NIFTY
SENSEX
6 things that changed for market overnight: Gift Nifty, Treasury yields, Arm IPO to global market cues for Sensex today
Indian stock market is expected to open on a flat note on Tuesday following gains in Asian peers amid mixed global cues. The Asian markets traded mostly higher, while the US stocks ended mixed overnight, even as the treasury yields soared to 15-year high levels. On Monday, domestic equity indices, Sensex and Nifty ended with decent gains, snapping a two day losing streak.
22.08 / 01:59
UPS
Citi
FIVE
Reuters
Man
Action
Southern
Storm Hilary triggers floods, mudslides in South California, now moves northern region
storm Hilary flooded streets and triggered mudslides across Southern California. However, no US deaths were attributed to the storm and fears of disaster dissipated, according to a report published by Reuters. In California, Hilary arrived as a rare tropical storm that dumped 4 to 5 inches (1o to 12 cm) of rain on coastal areas and 10 inches (25 cm) or more in the mountains, the National Weather Service Meteorologist Richard Thompson said.
22.08 / 01:39
COST
Action
Schwab to cut staff and close offices to save $500M a year
Charles Schwab Corp. is planning to cut jobs and close or downsize offices to achieve at least $500 million in annual cost savings as the brokerage responds to investor pressure.
22.08 / 01:01
Progressive
Platform
Action
performer
Threat
Woodside profit jumps 6pc to record as strike threat builds
Woodside Energy has posted a 6 per cent increase in first-half profit to a record, buoyed by an increase in oil and gas production to an all-time high after the merger with BHP’s petroleum business in June last year.
22.08 / 00:41
UPS
Provident
Action
Strategy
class action
Financial
Class Action Filed Against Fenwick & West, LLP, Former Law Firm of FTX, in Connection with Largest Financial Fraud in U.S. History
A class action complaint has been filed against Fenwick & West, LLP («Fenwick»), a prominent law firm, in the United States District Court, Northern District of California, San Francisco Division, on August 7, 2023. The complaint alleges Fenwick's involvement in the FTX disaster, described as «the largest financial fraud in US history.»
21.08 / 23:03
SEC
Action
Strategy
Mobile
performer
Sec Charges
SEC charges fintech investment adviser with violating marketing rule
In the first case involving the SEC's amended marketing rule, Tian has agreed to pay over $1 million to settle the charges, without admitting or denying the findings.According to the SEC, between August 2021 and October 2022, Titan, which offers multiple complex strategies to retail investors through its mobile trading app, made misleading statements on its website regarding hypothetical performance, including by advertising “annualised” performance results as high as 2,700% for its crypto strategy.The regulator says the adverts were misleading because they failed to include material information, for example, that the hypothetical performance projections assumed that the strategy’s performance in its first three weeks would continue for an entire year.The order also found that Titan made conflicting disclosures to clients about how it custodied crypto assets.Osman Nawaz, chief of enforcement’s complex financial instruments unit, SEC, says: "The Commission amended the marketing rule to allow for the use of hypothetical performance metrics but only if advisers comply with requirements reasonably designed to prevent fraud."Titan’s advertisements and disclosures painted a misleading picture of certain of its strategies for investors.
21.08 / 21:09
Provident
Cooper
SEC
Action
Strategy
performer
social
penalty
compliance
Titan hit with $1 million penalty in ‘perfect compliance cocktail’
An SEC enforcement action against Titan Global Capital Management USA highlights the dangers investment advisors face when using hypothetical returns in their advertising, compliance experts said Monday.
21.08 / 19:27
COST
Action
Entertainment
star
electronic
poker
stake
Pub baron seeks green light to lift Star stake
Bruce Mathieson, the billionaire businessman who made his fortune in pubs, has formally asked the NSW casino regulator for permission to increase his stake in Star Entertainment, a clear signal of his long-term ambitions to gain a larger holding in the embattled wagering group.
21.08 / 18:55
21.08 / 18:07
COST
Action
Deol seeks to settle dues, BoB drops auction
Bank of Baroda (BoB) on Monday said Sunny Deol has approached the bank to settle dues, a day after the state-owned lender advertised a proposal to sell his Juhu property, to recover ₹56 crore. The bank had set 25 September as the e-auction date, bids for which, it said in a notice on Sunday, were to be submitted by 5 pm on 22 September. As per the notice, the bank had fixed the reserve price for the auction at ₹51.43 crore and an earnest money deposit of ₹5.14 crore.
21.08 / 18:07
UPS
Digital
Progressive
Action
track
country
NOT
Protectionism a global phenomenon, India not alone: Amitabh Kant
NEW DELHI : India is confident of achieving closure on key issues ahead of the upcoming G20 Leaders’ Summit in New Delhi from 9 September. In an interview, Amitabh Kant, India’s G20 sherpa, spoke about the progress that India has made in its discussions around pushing for a higher quantum of climate financing around the world and how this can contribute to the better achievement of sustainable development goals. Kant also spoke about the role India’s digital public infrastructure (DPI) can play in building a better global financial institution and how India’s recent trade restrictions align with other major economies globally.
21.08 / 17:57
Aware
Platform
Action
RAI
show
track
Delhi govt officer accused of rape Kejriwal administration's favourite, handpicked as OSD: BJP
BJP on Monday attacked the AAP government over the arrest of a WCD department officer on charges of raping a minor and demanded resignation of minister Kailash Gahlot, claiming the accused worked as his OSD when he was heading the department. No immediate reaction was available from Gahlot over the issue. «The officer charged with raping a minor was serving as the OSD to the Minister of Women and Child Development (WCD).
21.08 / 17:49
Lowe's
Google
Platform
Action
Interface
audience
play
Small OTT apps in a fix over Play Store policy
Prime Video, whose audience bases are large, users are slightly more sophisticated and can make payments on websites. On the other hand, in case of smaller apps, users may be afraid of scams," Swathi Girimaji, partner at Bharucha & Partners, said. CCI, which is known for its swift regulatory actions, had held Google accountable several times in the past, she added.
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