Information Financial News

₹48,000 to a gullible online shopper! What makes it even more shocking is that she intended to buy just a few dozen eggs on massive discount i.e. for a mere ₹49. She tried to make the payment through her credit card but she instead ended up with a bill of ₹48,000 on her card.

best gold loan options, make sure to consult a financial advisor. Gold loans typically boast lower interest rates than unsecured personal loans due to the secured nature of the loan. This translates to potentially significant savings on interest payments over the loan term.

security and risk management (SRM) in India is estimated to be $2.9 billion in 2024, up 12.4% from 2023, showed the latest forecast from Gartner. The expected increase comes at a time when organisations are ramping up security spending due to legacy IT modernisation using cloud technology, demand for digital platforms, updated regulatory environment and continuing remote/hybrid work. “In 2024, chief information and security officers (CISOs) in India will prioritise their spending on SRM to improve organisational resilience and compliance,” said Shailendra Upadhyay, senior principal, Gartner. “With the introduction of stringent government measures mandating security breach reporting and digital data protection, CISOs are facing heightened responsibility in safeguarding critical assets against evolving cyber threats.”

I got what looked like a nice email from Amazon last week. There were no spelling mistakes, so I figured it wasn’t a Russian bot and I could click on it. I was right. It was Amazon announcing a new initiative promoting Quebec products: “Les produits du Québec.” How the titans of globalization cower before the power of local interests!

In its recent note covering the Chinese semiconductor market, Bernstein analysts initiated coverage on Hygon Information Technology with an Outperform rating.

Senior Citizen Savings Scheme (SCSS) have surged to over two times during the current fiscal. During the same time, mobilisation through the Monthly Income Scheme has risen up by four times, reported Business Line. “As of early February, collection through SCSS was around ₹90,000 crore.

SGB premature redemption Although the bond has an 8-year tenor, early redemption is permitted after the fifth year from the date of issue on coupon payment days. If kept in demat form, the bond will be tradable on the exchange.

corporate affairs ministry is probing various Chinese companies, especially those with links to loan apps, for alleged violations and some of the investigations are at an advanced stage, according to a senior official. In recent times, Indian authorities have been cracking down on entities that are operating loan apps illegally and the ministry has also been acting against companies and related individuals for hiding beneficial ownership. The senior official told PTI that enquiries by the ministry are going on against various Chinese companies, especially those linked to loan apps, and some of the enquiries are at an advanced stage.

corporate affairs ministry is probing various Chinese companies, especially those with links to loan apps, for alleged violations and some of the investigations are at an advanced stage, according to a senior official. In recent times, Indian authorities have been cracking down on entities that are operating loan apps illegally and the ministry has also been acting against companies and related individuals for hiding beneficial ownership. The senior official told PTI that enquiries by the ministry are going on against various Chinese companies, especially those linked to loan apps, and some of the enquiries are at an advanced stage. The ministry, which is implementing the companies law, is mainly looking at whether frauds have been committed at these companies and some of the cases are being probed by the Serious Fraud Investigation Office (SFIO), the official said.

₹9,362.35 crore. Mint explains the circumstances behind the various legal cases Byju’s is battling. On 22 February, a consortium of four Byju’s investors—Prosus NV, General Atlantic, Sofina, and Peak XV Partners, with support from Tiger Global and Owl Ventures—moved the Bengaluru bench of the NCLT against the edtech firm’s rights issue.

Small and mid-sized funds have seen high inflows, causing concern among authorities about how they would hold up in the event of a sharp market selloff. The Securities & Exchange Board of India (SEBI) has also been reviewing stress tests conducted by such funds, sources have previously said.

Income Tax (I-T) Department has introduced on-screen functionality on the compliance portal of its e-filing website to address "mismatch" in information from third parties compared to taxpayers' I-T Returns (ITR), it said on February 26. The I-T Department said it has identified discrepancies in the information received from third parties regarding interest and dividend income when compared to taxpayers' ITR. Notably, some taxpayers have not filed their ITR, it added.

Insurance Regulatory and Development Authority of India (IRDAI) represents a noteworthy development. The draft regulations it has introduced carry potential implications that could be advantageous for policyholders. The document, named “Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests and Allied Matters of Insurers) Regulations, 2024", brings together eight separate regulations into a unified and comprehensive framework.

Vijay Shekhar Sharma's resignation as part-time non-executive chairman and board member at Paytm Payments Bank, Paytm shares today rallied 5% in the morning only to give up all the gains quickly in volatile trading as investors try to understand whether the restructuring of the board will help placate an angry RBI. After two days of 5% upper circuits, the stock was trading just 1% higher in early trade.

Authorities in Grenada on Monday said an American couple who vanished last week after their yacht was allegedly hijacked by fugitives in the Caribbean were likely killed and thrown overboard.

Thiruvananthapuram, Kerala, on Tuesday. During his visit, he will inaugurate three projects aimed at providing world-class technical facilities for the space sector. These projects have been developed at a combined cost of approximately ₹1800 crore.

Exicom Tele Systems IPO: The initial public offering (IPO) of Exicom Tele-Systems Limited has hit the Indian primary market today. The public issue will remain open till 29th February 2024. This means the initial issue will remain open from Tuesday to Thursday this week.

Hindustan Times. The total dues of the developers is ₹2,000 crore of which they have agreed to pay ₹552 crore to obtain the permission for registries for the stalled housing projects. The 35 housing projects where flats are eligible for registries include The Hyde Park in Sector 78, Prateek Fedora in Sector 61, Apex Dream Homes in Sector 75, Gulshan Homes in Sector 144, Divine Meadows in Sector 108, Golf Avenue in Sector 75, Elite Homes in Sector 77, Gulshan Botnia in Sector 144, Mahagun Moderne in Sector 78, Sunshine Helios in Sector 78, Sunworld in Sector 107, PAN Realtors in Sector 70, ATS Township in Sector 104 and Omaxe Buildwell in Sector 93B, among others as per the HT report.

Stock Market News: Domestic benchmark equity indices, the Sensex and the Nifty 50, began Tuesday's session with some minor cuts amid muted global cues. On Tuesday, the 30-share BSE Sensex opened lower by 66.60 points or 0.09% at 72,723.53 level while the Nifty 50 opened at 22,090.20 level, down 31.80 points or 0.14%.

GPT Healthcare IPO allotment: After receiving a decent response from investors during the bidding period from February 22 to February 26, attention now turns to the allotment of GPT Healthcare. The allotment for the GPT Healthcare IPO is likely to be finalised today. Investors can check their allotment status on the registrar, Link Intime India Private Limited and the BSE website.

Gold prices were steady on Tuesday, as investors awaited a key U.S. inflation reading due later this week that could provide more information on how soon the Federal Reserve might begin cutting interest rates.