Information Financial News
22.03 / 16:37
Citi
Target
Southern
information
Department
gatherings
Islamic State group claims responsibility for bombing at Afghan bank
The Islamic State group has claimed responsibility for a deadly bombing that targeted people trying to collect their salaries at a bank in southern Afghanistan
22.03 / 15:43
Election
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information
Courts
Investigations
Setback for AAP: Delhi CM Arvind Kejriwal sent to ED custody till March 28 in liquor case
Delhi court on Friday sent Delhi Chief Minister Arvind Kejriwal to the Enforcement Directorate's custody till March 28, a day after his arrest in the excise policy-linked money laundering case. Special Judge Kaveri Baweja at the Rouse Avenue court said that Kejriwal will be produced before the court on March 28 at 2 p.m. During the proceedings, ED told a special PMLA court that Arvind Kejriwal is kingpin and key conspirator of Delhi liquor scam in collusion with his ministers, AAP leaders.
22.03 / 14:37
Bill
Justice
rap
information
Courts
DMK leader Ponmudy sworn in as Tamil Nadu minister by Governor Ravi day after Supreme Court rap
M K Stalin. In December, due to Ponmudy's conviction his portfolios were reshuffled. The swearing-in of Ponmudy as Minister in the Tamil Nadu cabinet is believed to be the end of a face-off between the Chief Minister and the Governor.
22.03 / 14:35
markets
Target
Align
trends
Bitcoin
information
testing
Bitcoin: Dip-Buying Levels to Watch as Crypto Consolidates Below Key $65K Support
Amid the volatility in crypto markets, Bitcoin spent the week testing key support levels and reacting to macroeconomic data.
22.03 / 13:17
UPS
Provident
Waters
Food
information
reports
'Manager asked for sexual favours...': Mumbai woman, seeking dead father's PF, harassed
HR manager under sections of Information Technology Act and the Indian Penal Code," reported the Times of India (TOI). According to the TOI report, the woman works as house help and lives with her younger brother and grandmother. She was the nominee of her father's PF account as her parents were divorced and would receive the PF amount after she turned 18.
22.03 / 13:17
UPS
Booking
security
track
information
Karnataka Bank to raise up to ₹600 cr through QIP
₹600 crore through a qualified institutional placement (QIP), according to a term sheet seen by Mint. The base size of the QIP is ₹400 crore with an option to raise up to ₹600 crore. At the higher end of the base size, Karnataka Bank plans to issue 26.66 million shares at a face value of ₹10 each.
22.03 / 13:17
FIVE
Extreme
performer
information
These 8 flexi cap mutual fund schemes gave over 16 percent annualised returns in 10 years
mutual fund scheme, retail investors tend to compare the returns given by one scheme vis-à-vis other schemes in the same category in order to maximise their wealth creation. Although historical returns are no guarantee of any scheme’s future returns, still investors prioritise them over an interplay of several factors such as the reputation of fund house, macroeconomic factors and the category of scheme. Returns for a year may not matter much, but when compounding comes into play, the returns over a number of years increase substantially.
22.03 / 12:25
Provident
security
Mobile
Freedom
Bitcoin
information
Interviews
‘A nightmare’: SIM card swap scam hits Toronto-area couple for more than $140,000
Wayne Stork and his wife Diana had not heard of the SIM swap scam until they became victims.The Greater Toronto Area couple did nothing wrong but they lost about $140,000 anyway.“It’s a nightmare,” Wayne told Global News in a television interview, his wife Diana at his side.“We’re doing this, in part, to get the word out,” Diana said.The Storks are longtime customers of Freedom Mobile. Last September, when the couple were at home, Wayne’s phone suddenly stopped working.“My phone went into SOS mode, it was deactivated,” he said.From that point, Wayne had no use of the phone, but someone else had access to the personal information attached to it.“He (Wayne) was watching his accounts drain of money, that’s when the panic set in,” Diana said.Over the next 24 hours, scammers had gained access to Wayne’s stock trading account and other accounts, including a cryptocurrency one that contained the proceeds from an inheritance.“The Bitcoin was worth $140,000, and we lost that,” Diana said.When the couple called Freedom Mobile’s customer service line, they say a representative said records showed someone had obtained a new SIM card in a retail location in Toronto, apparently claiming to be Stork.Stork says the phone representative asked “weren’t you in the store yesterday to get a new SIM card?” to which Stork said no, it wasn’t him.A SIM swap scam can take different forms.
22.03 / 11:13
inclusion
information
Future reforms to focus on harnessing potential of the informal sector
₹2 crore to a level more in sync with today’s realities, Sudhir Kapadia, Tax Partner at EY said. A higher and realistic turnover threshold incentivises voluntary compliance.
22.03 / 11:13
security
Metro
information
Courts
Traffic
Updates
Arvind Kejriwal arrest news: DMRC shuts THESE metro stations in view of AAP protests. Details here
Arvind Kejriwal by the Enforcement Directorate in an excise policy-related money laundering case. In a post on X (formerly Twitter), Delhi Metro Rail Corporation (DMRC) wrote, “On the advice of Delhi Police, Lok Kalyan Marg Metro station will also remain closed in addition to ITO Metro station till further notice." Earlier in the day, DMRC announced the closure of ITO Metro Station from 8 am to 6 pm. The temporary closure of the ITO metro station could be because the Aam Aadmi Party (AAP) protested in front of the headquarters of PM Modi-led Bharatiya Janata Party (BJP), which is located at Pandit Deen Dayal Upadhyaya Marg, near the same metro station.
22.03 / 09:45
COST
UPS
Trade
information
reports
India stops taking Russian oil delivered on Sovcomflot tankers
Russian crude carried on PJSC Sovcomflot tankers due to US sanctions, further complicating the trade that has flourished since the invasion of Ukraine two years ago. Private and state-run processors including the biggest — Indian Oil Corp. — have stopped taking cargoes if they’re on Sovcomflot tankers, said people familiar with the matter. Refiners are scrutinizing the ownership of each ship to make sure they’re not affiliated with the company, or other sanctioned groups, they added, asking not to be named because the information is private. The broader pushback follows a similar move by India’s biggest private refiner, Reliance Industries Ltd., reported earlier this week. The heightened scrutiny on the tanker giant appears to have also swept up other oil ships carrying Russian oil, with two vessels waiting several weeks off the South Asian coast without any indication of when they will unload.
22.03 / 08:41
UPS
FIVE
Strategy
Matrix
Trade
information
F&O stocks: MCX, JSW Steel among 5 stocks with long buildup
In Friday’s trading session, the following five stocks witnessed a build of fresh long positions. Let us first understand how this conclusion is reached, whether the stock has seen a buildup of a fresh long position or not. When the stock prices move up and open interest on the counter also moves upward, it is taken as a sign of a long buildup. The signal is considered more reliable if the volume on the counter has also seen an increase.
22.03 / 07:59
UPS
Strategy
WhatsApp
Matrix
Trade
information
F&O stocks: TCS, Trent among 5 stocks with short buildup
stocks witnessed a build of fresh short positions. Lets first understand how this conclusion is reached that whether the stock has seen a buildup of fresh short position or not. To understand it we have to look at what “ short selling” means. When a trader is expecting the stock prices to fall, he may sell the stock without owning that and buy at a lower price, for example, stock XYZ is trading at 100, a trader sells the stocks at Rs 100 and buys it back at Rs 90. He made a profit of Rs 10. Selling the stocks without owing the underlying stock is called short selling.
22.03 / 07:15
UPS
Software
information
reports
Schools
rights
Microsoft’s $650 million deal with Inflection AI: Key things to know
Microsoft will be paying artificial intelligence (AI) startup Inflection $650 million to licence its software, a week after it roped in the company's two cofounders and most of its staff, as per a Bloomberg report. Let's look at the key details of this deal.
22.03 / 04:17
UPS
Citi
Metro
information
Traffic
Arvind Kejriwal arrest news: Delhi's ITO Metro station to remain shut till 6 pm today
Arvind Kejriwal arrest news: AAP announces nationwide protest today. 10-point Notably, the temporary closure of ITO metro station could be because the Aam Aadmi Party (AAP) has planned a protest in front of the headquarters of PM Modi-led Bharatiya Janata Party (BJP), which is located at Pandit Deen Dayal Upadhyaya Marg, near to the same metro station. The protest will kick off at around 10 am following the arrest of Delhi Chief Minister Arvind Kejriwal by the Enforcement Directorate (ED) on Thursday night in the city's excise policy case.
22.03 / 03:11
COST
Provident
Digital
security
President
information
Department
Stocks to Watch: M&M, Mazagaon Dock, Tata Communications, IREDA, Texmaco Rail
Mahindra & Mahindra: The Indian automaker has signed a Memorandum Of Understanding with Adani Total Energies E-Mobility to establish an electric vehicle charging network throughout India. This collaboration will also enable the automaker to introduce e-mobility solutions, ensuring consumer access to the charging infrastructure. Veejay Nakra, President of the Automotive Division at M&M Ltd, said this collaboration is crucial in improving the EV charging infrastructure and providing customers with seamless access to the charging network and digital integration for an unmatched EV experience.
22.03 / 03:11
markets
UPS
FIVE
CEO
Trade
information
NOT
IDFC First Bank share price in focus after MD & CEO gifts 7 lakh equity shares to 5 people not related to him
IDFC First Bank informed that its Managing Director & CEO V. Vaidyanathan gifted 7,00,000 equity shares of the company held by him on March 21 to five people without consideration. “It is declared that the recipients are not related to him in any manner under the definition of related parties of the Companies Act or SEBI Regulations.
22.03 / 03:11
UPS
Platform
Freedom
social
information
Courts
rights
Fact check: Excessive oversight won't do any good
On Thursday, India’s Supreme Court stayed the government’s notification on setting up a fact-checking unit under the Press Information Bureau with the power to flag what it deems as false information related to the central government and its agencies on social media platforms. The Centre had justified the idea as a regulatory move, effected through amended IT rules for digital intermediaries, against the menace of fake news.
22.03 / 03:11
Provident
Fighting
Assurant
Election
information
Courts
Arvind Kejriwal's arrest: Rahul Gandhi assures legal help, INDIA bloc comes out in support; all you need to know
ANI. Rahul Gandhi will try to meet Arvind Kejriwal and his family on Friday, March 22, and provide legal help, sources informed ANI. The Delhi CM had filed a plea before the Delhi High Court on March 21 after being served nine summons to appear before the ED for a probe in the liquor policy case.
22.03 / 03:11
Progressive
Food
poverty
performer
country
information
reports
The household consumption survey results raise some important question
₹87 per capita in rural areas and ₹62 per head in urban zones. For the country as whole, it is ₹129,910 crore in current prices, with a large part of the total accounted for by a cereal subsidy, at ₹122,772 crore. Even this food subsidy figure is low compared to the reported expenditure on free foodgrain provision under the PMGKAY at more than ₹250,000 crore.
22.03 / 01:49
security
WhatsApp
Healthcare
information
FPIs pick out FMCG from trough, telecom & financials
FMCG) companies received the highest flows from foreign investors across sectors in the first half of March as they saw value in these stocks after their underperformance in recent years. The FMCG sector received the highest inflows of ₹11,180 crore after witnessing selling worth ₹4,472 crore last month. In 2023, shares in the sector received ₹2,916 crore.
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