Security Financial News

National Securities Depository Limited (NSDL), one of the largest securities depositories globally, announced on Friday, October 18, that it has reached a significant milestone of Rs 500 lakh crore (US $6 trillion) in assets held in custody. This achievement marks a rapid increase in NSDL’s asset base. It took 18 years to reach Rs 100 lakh crore in June 2014, six years to cross Rs 200 lakh crore in November 2020, and just four more years to hit the Rs 500 lakh crore mark in September 2024.

United Spirits Ltd. dropped 0.93 per cent to Rs 1513.5 at 01:38PM (IST) in Friday's trade. The counter hit a high of Rs 1525.5 and low of Rs 1504.0 so far during the session. The stock had closed at Rs 1527.85 in the previous session. The counter had a total traded volume of 01:38PM shares so far with a turnover of Rs 0.43 crore on BSE. The stock traded at a price-to-earnings multiple of 77.72 and a price-to-book ratio of 11.55.

Cholamandalam Investment & Finance Company Ltd. slipped 0.19 per cent to Rs 1453.5 in Friday's trade. It hit a high of Rs 1460.05 and low of Rs 1433.05 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 1308.13, while the 50-DMA was at Rs 1492.23. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Pony AI, backed by automaker Toyota, filed for an initial public offering in the U.S. on Thursday, in another sign of growing investor interest in new listings and easing regulatory pressures. Activity in the IPO market has picked up pace in recent weeks, buoyed by the U.S. Federal Reserve kicking off its highly anticipated policy-easing cycle and benchmark indexes trading near record high levels. Pony AI, in which Japan's Toyota owns a 13.4% stake, revealed that its revenue nearly doubled to $24.7 million in the first half of 2024. Net loss attributable to the company was $51.3 million in the same period, compared with $69.4 million last year.

Nippon India Mutual Fund has announced suspension of subscription in its four international funds through lumpsum, switch-ins and fresh registration of SIPs/STPs or such other special products to avoid breaching overseas investment limits. The changes will be effective from October 18. The fund house informed about this to its unitholders through a notice cum addendum.

India's concerns regarding Khalist extremism. He also pointed out a fundamental problem that the Canadian government assumed all Sikhs as Khalistanis and all Khalistanis as Sikhs. In an interview to ANI, George said, «The Khalistan movement does not pose a direct threat to the West, at least not often. So, hence which is why you see Western countries try and downplay or ignore India's pleas, no matter how legitimate India's concerns may be.»

Indian market is likely to trade lower on Friday tracking muted global cues. The Nifty future closed negative with losses of 0.81% at 24,845 levels on Thursday. INDIA VIX surged by 2.56%, settling at 13.39, indicating a jump in market volatility.

Adani Enterprises are expected to remain in focus on Friday after the company successfully raised Rs 4,200 crore in a share sale to investors via a qualified institutional placement (QIP). The company has allocated 1.41 crore shares at an issue price of Rs 2,962 each.

retail investors can get an allotment for the maximum number of bids made. After sailing through on the last day of bidding, Hyundai Motor India is likely to finalise the share allotment for its IPO later today. Going by the subscription numbers, all the retail investors, who bid for the issue, will likely get allotment as the category was not fully subscribed. This is also the case with non-institutional investors.

Zomato will be in focus on Friday as the food delivery company's board of directors will meet on October 22 to consider the plans to raise funds by issuance of equity shares by way of qualified institutions placement (QIP). The company will also announce its September quarter earnings on this day which will be followed by an earnings conference call at 5 pm India time.

government securities at the buyback auction, versus the notified amount of ₹25,000 crore. The amount offered by institutions was ₹33,201.4 crore. This is the second such buyback operation done by the central bank this month. This auction, along with the one last week, was one of the most successful buyback auctions conducted by the RBI since it resumed such operations in May this year, after a gap of six years.

Jio Financial, Infosys, LTIMindtree, Wipro, Tata Consumer, MGL, Axis Bank among others will be in focus due to various news developments and second quarter results. Jio Financial, Tata Consumer, ZEE, ICICI Lombard Jio Financial, Tata Consumer, ZEE and ICICI Lombard will be in focus as the companies will announce their second quarter earnings today.

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...

investors' favour on Thursday after Bajaj Auto guided for lower two-wheeler sales growth in its second-quarter results. Shares of Bajaj Auto — India's largest two-wheeler maker — plunged 13.1% on Thursday, the largest single-day fall since March 2020. The pessimism rubbed off on its peers Hero MotoCorp and TVS Motor, which fell over 3% each. «Bajaj Auto has lowered its estimated growth for the two-wheeler motorcycle industry in the fiscal year 2025 to 5% YoY, down from the previous estimate of up to 8%,» said Shridhar Kallani, research analyst-auto at Axis Securities. «This cautious outlook has unsettled investors and also affected other major two-wheeler manufacturers.»

Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...

An Alabama man was arrested Thursday for his alleged role in the January hack of a U.S. Securities and Exchange Commission social media account that led the price of bitcoin to spike, the Justice Department said.

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Joe Biden on Friday commended Israel for 'eliminating' Hamas' Gaza leader Yahya Sinwar, often termed as the mastermind of the October 7, 2023 attaks on Israel. Taking to his official account on X, Biden said that right after Israel suffered what he called the 'deadliest attack on Jews since the Holocaust', he ordered American intelligence officials to work 'side by side' with Israeli officials. «Shortly after the October 7 massacres, I directed Special Operations personnel and our intelligence professionals to work side-by side with their Israeli counterparts to help locate and track Sinwar and other Hamas leaders hiding in Gaza», read Biden's statement.

Donald Trump at a Pennsylvania campaign rally faulted the Secret Service for poor communications that day and failing to secure the building where the gunman took his shots. The review also found more systemic issues at the agency such as a failure to understand the unique risks facing Trump and a culture of doing «more with less.» The 52-page report issued on Thursday took the Secret Service to task for specific problems leading up to the July 13 rally.

Travel industry insiders, immigration and visa consultants fear the worsening diplomatic row between India and Canada could lead to increased scrutiny and security checks for Indian nationals besides longer processing times for visa applications, affecting those seeking to travel for work, study, or tourism. The row could also lead to subdued overseas tourist arrivals from Canada over time. Rahul Singh, managing partner at relocation and immigration firm Kraft Mobility said the visa situation for Indian nationals looking to travel to Canada has been influenced by the broader diplomatic relations between the two countries.

Weaver Services, a non-bank lender formed by former executives of erstwhile home finance major HDFC, on Thursday, announced that it has bagged Rs 800 crore in commitments from private equity funds. Gaja Capital and Lok Capital have made the commitment, which will be utilised for fuelling the company's pan-India plans and also for a Rs 267-crore acquisition of Capital India Home Loans, as per an official statement. «I am happy to see a team of former colleagues and partners unite to establish a housing finance company dedicated to addressing the needs of an under-served segment of society,» Keki Mistry, former vice chairman and chief executive of HDFC, said in the statement. After securing necessary regulatory approvals and acquisition completion, Weaver is aiming to launch home loan products for self-employed individuals in the unorganised sector, particularly in Tier 2 and Tier 3 towns, the statement added.