Experts Financial News

Narendra Modi urging people to guard against the menace of 'digital' arrests, probe agencies said they are taking action against this category of cyber crime with the ED filing a charge sheet in one such case and the I4C issuing a fresh advisory. The Enforcement Directorate (ED) issued a statement on Saturday, saying it filed a prosecution complaint before a special Prevention of Money Laundering Act (PMLA) court in Bengaluru last month against eight accused who allegedly «lured» common people through «fake» IPO allotments and stock market investments through fraudulent apps. «Probe found that a huge network of cyber scams in India, involving fake stock market investments and digital arrest schemes executed primarily through social media platforms like Facebook, Instagram, WhatsApp, and Telegram. »Known as 'pig-butchering' scams, stock market investment scams entice victims with promises of high returns, using fake websites and misleading WhatsApp groups that appear connected to reputable financial firms," the Enforcement Directorate said.

securitized debt instruments (SDIs) issued privately to be offered to a maximum of 200 investors. If this limit is exceeded, the issuance must be classified as a public issue. Public offers should remain open for a minimum of three days and a maximum of 10 days, with advertisement requirements aligned with Sebi's regulations for non-convertible securities.

Foreign investors pulled out a massive Rs 94,000 crore (around USD 11.2 billion) from the Indian stock market in October, making it the worst-ever month in terms of outflows, triggered by the elevated valuation of domestic equities and attractive valuations of Chinese stocks. Before this, foreign portfolio investors (FPIs) withdrew Rs 61,973 crore from equities in March 2020. The latest outflow came after a nine-month high investment of Rs 57,724 crore in September 2024.

pistol shooter Manu Bhaker has said that the struggles she had faced early on in her career has helped her develop patience and resilience. Bhaker, 22, created history at the Paris Games by becoming the first Indian in the post Independence era to win two medals in a single edition of the Olympics. The star shooter is least bothered about her critics and is simply focussed on her career. «I am really happy that I have already seen the downfall phase, it has taught me a lot of patience. It doesn't really bother me, what people talk on the social media. Honestly, I don't need to cope up with that, why would I need to do that?

Sat Sharma to the position of the party's unit head for the Union Territory of Jammu and Kashmir. The Saffron party's decision came a few weeks after election results were announced in the Union Territory. In an official letter, the party announced the immediate appointment of Sat Sharma to the aforementioned position.

Swiggy stood at 5% or Rs 19 in the unlisted market three days ahead of its initial public offering (IPO), which will hit the Street on November 6 and will be available till November 8. However, a month ago, Swiggy shares were trading at Rs 515 in the unlisted market.

United States flew a long-range bomber in a trilateral drill with South Korea and Japan on Sunday in response to North Korea's recent test-firing of a new intercontinental ballistic missile designed to strike the U.S. mainland, South Korea's military said. North Korea on Thursday tested the newly developed Hwasong-19 ICBM, which flew higher and stayed in the air longer than any other missile it has fired. North Korean leader Kim Jong Un called it «an appropriate military action» to cope with external security threats posed by its rivals.

Japan is planning to build an automated cargo transport corridor between Tokyo and Osaka, dubbed a «conveyor belt road» by the government, to make up for a shortage of truck drivers. The amount of funding for the project is not yet set. But it's seen as one key way to help the country cope with soaring deliveries. A computer graphics video made by the government shows big, wheeled boxes moving along a three-lane corridor, also called an «auto flow road,» in the middle of a big highway. A trial system is due to start test runs in 2027 or early 2028, aiming for full operations by the mid-2030s. «We need to be innovative with the way we approach roads,» said Yuri Endo, a senior deputy director overseeing the effort at the Ministry of Land, Infrastructure, Transport and Tourism.

Harrods owner Mohamed Al-Fayed of sexual assault and they have told AFP of their «huge anger» that his alleged campaign of abuse and humiliation went unpunished. «It looked like the dream job,» said Jen, who was 16 when she joined the London department store considered to be the height of glamour. But the prestige came at a price. Lawyers said Friday that more than 400 women and witnesses linked to Harrods, Fulham football club, the Ritz hotel in Paris and other Fayed entities have come forward in the past six weeks to allege that he raped or assaulted them.

Srinagar and Anantnag encounters in Jammu and Kashmir, Former J-K DGP Shesh Paul Vaid said that these terrorist attacks are «attempt» by Pakistan to destabilise India and create an atmosphere of dismay in the nation. Speaking to ANI, he said that ever since the formation of new government in J-K, terror attacks with same pattern have been witnessed in both Jammu and Kashmir regions. «They started with attacks in Jammu, and now the same pattern is being seen in Kashmir ever since the new government under the leadership of Omar Abdullah has been formed. All these are foreign terrorists… Even today, two terrorists have been neutralised in Anantnag and an encounter is currently going on in Srinagar… All this is an attempt by the Pakistan deep state to destabilise India and create an atmosphere of fear again...» Vaid said.

Kamala Harris' campaign Ajay Bhutoria said that Harris' presidential campaign is gaining momentum, with enthusiastic support from diverse communities across the United States and expressed confidence in the victory of Kamala Harris. With just three days to go for the election, Bhutoria noted that grassroots volunteers are knocking on 2,000 doors every minute in battleground states like Michigan, Philadelphia, and Pennsylvania. Bhutoria also said that under the Biden-Harris administration, the US-India partnership has seen growth in areas such as defence, healthcare, innovation, and semiconductors.

Anantnag encounter by the security forces, Brigadier Anirudh Chauhan, Commander 2 Sector RR of the Indian Army said that Lashkar-e-Toiba (LeT) and People's Anti-Fascist Front (PAFF) have received a major setback with their neutralisation. Chauhan added that the security forces have recovered heavy ammunition and explosives from the possession of terrorists. Addressing a press conference, he said, «Indian Army and J&K Police conducted a successful joint operation, Operation Halkan Gali, in a difficult terrain… We received a breakthrough when we received definite information that this terrorist group has returned to Laroo and is active there. Indian Army and J&K police made a joint plan and launched Operation Halkan Gali, in which Indian Army's 19 RR, 1 Para SF, 7 Para SF, and J&K Police acted together… Both terrorists were neutralised. Heavy ammunition and explosives were recovered from the terrorists… These two had previously attacked an Indian Army Camp in Kulgam in October 2023 and were involved in the killing of many non-locals… LeT and PAFF have received a major setback with their neutralisation...»

Donald Trump defied polls and expectations to defeat Hillary Clinton in the 2016 US presidential election, he described the victory as «beautiful.» Not everyone saw it that way — considering that Democrat Clinton had received nearly three million more votes nationally than her Republican rival. Non-Americans were particularly perplexed that the second-highest vote-getter would be the one crowned president. But Trump had done what the US system requires: win enough individual states, sometimes by very narrow margins, to surpass the 270 Electoral College votes necessary to win the White House.

Beauty and personal care firm Wow Skin Science reported a second consecutive year of revenue decline while reducing losses by about 40% in the financial year ending March 2024. Its parent company, Body Cupid Pvt Ltd, saw a 10% drop in operating revenue to Rs 233.4 crore in 2023-24, down from Rs 258.1 crore in the previous fiscal, according to the company’s financials sourced from business intelligence firm Tofler. Concurrently, the company’s net loss decreased to Rs 130.2 crore from Rs 213.5 crore during this period.

Justin Bieber's life of lavishness has been in the headlines for more than a few years with his $16.6 million home in Coachella Valley being one of his most prized possessions. He had purchased this home back in January 2023, but it now looks like that this property has been entangled in a tax dispute after a $380,349 bill was served to Bieber for unpaid property taxes.

rural demand recovery, premiumisation and return of value growth, according to industry executives. Value growth will largely come from an increase in product prices, they said, as companies pass on the increase in prices of raw materials such as palm oil, crude oil, bulk tea, wheat flour and sugar of up to 30%. The mix of volume and value growth is likely to push most category growth rates to around mid-teens in the next two quarters up from the single-digit growth seen in recent quarters, they said.

US election race is as close as it can get, especially because there is no certainty as to which candidate has the ultimate edge in the election race. Different election trends and data are yielding varied results, that is increasing the political intensity even more.

data centre boom globally, in addition to rapid 5G rollouts, is silently propelling the growth of another ancillary industry: Optic fibre cables (OFCs). With top dollar expected to flow into the segment in the next decade, service providers and fibre manufacturers are looking to simultaneously strengthen deployment locally and double down on building capacities and boosting exports. Investment banking firm Avendus Capital expects around $2 billion capital expenditure towards data centre fibre alone over the next decade, with global private equity funds eyeing the India opportunity. Deloitte estimates that overall fibre deployment in India will be 4 million kilometres in 2024, expected to expand at 12- 15% over the next two years. Manufacturers are also looking to harness India’s already established credentials. According to data from the Ministry of Commerce, India’s OFC exports to more than 100 countries in FY24 totalled Rs 39,600 crore. Nearly half of the shipments were to major European nations, including Spain, the Netherlands, Poland, Italy, and the Czech Republic.

Tata Group chairman Ratan Tata and his successor and half-brother Noel Tata share a direct bloodline with the group founder Jamsetji Nusserwanji Tata, according to a new biography of Ratan Tata. Retired bureaucrat Thomas Mathew, in his Ratan Tata: A Life, claims that historical records show Ratan and Noel Tata’s father Naval Hormusji Tata—adopted from the extended family—shares a common ancestor with the Tata group founder. Naval Tata’s association with Jamsetji’s family through his mother (a niece of the founder’s wife) is known but a direct bloodline between him and Jamsetji has not previously been documented.

Prince Harry but the reconciliation looks really complicated, reported Fox News. According to the Royal expert Robert Hardman, King Charles who is currently battling with an undisclosed form of cancer is pretty hesitant to engage with Prince Harry while he continues to air grievances in public forums. According to Fox News, Robert Hardman suggested that a normalized relationship would eventually require Prince Harry and his wife Meghan Markle to visit UK a bit more frequently which will allow for gradual rebuilding of the father son bond. Also Read: US election 2024 result: Donald Trump is winning six battleground states, exit poll shows

Gisele Bündchen and her boyfriend Joaquim Valente are excited to continue their relationship as she prepares to become a mother for the third time. The couple is reportedly maintaining their romance status quo despite this significant life milestone, which means a wedding is not anytime soon, according to Page Six. The media outlet was informed by a source that the 37-year-old Jiu-jitsu instructor and the 44-year-old supermodel would live together for now. Bündchen's 2022 divorce from Tom Brady following 13 years of marriage may be a contributing factor. There is a significant disparity in their net worth, as quoted in a report by She Knows.