Security Financial News

Nikhil Kamath, co-founder of Zerodha, gathered industry titans to discuss one of the most debated topics in personal finance: buying a home versus renting. Kamath was joined by Irfan Razack, Chairman & MD of Prestige Group, Nirupa Shankar, Executive Director at Brigade Group, and Karan Virwani, CEO of WeWork India. The discussion revealed key insights into the advantages and challenges of each option. Kamath, who has long favored renting, shed light on the uncertainty that often comes with renting. “The thing with renting, of all the advantages of renting, there is one disadvantage: you don’t have foresight as to when you can move out of the house. I had to move out of this house, whereas I might have liked to stay longer in this house,” he said. Kamath explained that the inconvenience of having to move often sways people toward buying their own homes.

The U.S. retirement system doesn't get high marks relative to other nations.

Leaders and top officials from an international group founded to counter Western alliances have met in Pakistan’s capital, with Moscow and Beijing announcing they will boost cooperation

Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, Business2Community, and...

Hong Kong’s leader has announced a cut in liquor taxes as the Asian financial hub hopes to revive its reputation as a travel destination with a vibrant nightlife and dining scene

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Bitcoin continued its impressive rally, comfortably hovering around the $66k mark at the time of writing. This surge has sparked huge enthusiasm among crypto investors, as the market sentiment remained bullish, fueling what many call “Uptober.”

₹20,000 off on the newly launched electric scooters. Also, avail discounts of up to 80% on the best car and bike accessories from top brands. This is a fantastic opportunity for vehicle owners looking to upgrade their rides with new-age scooters and bikes.

RJD leader Tejashwi Yadav on Wednesday dismissed speculations of a realignment with Bihar Chief Minister Nitish Kumar, claiming that the time was up for the «tired» JD(U) president. Yadav lost his job as the deputy chief minister in January when Kumar abruptly returned to the BJP-led NDA. Talking to reporters in Banka district, the RJD leader challenged him to use his clout with the Centre to get a caste census done besides securing special status for the state and a relief package for areas devastated by recent floods. «The question (of joining hands with Nitish Kumar) does not arise. His time is up. He is tired and no more able to govern Bihar», said Yadav, now the leader of the opposition, in reply to a query as to whether he was ready for a realignment if the offer came from the JD(U) supremo.

This election could determine the fate of political parties like Shiv Sena and the Nationalist Congress Party (NCP), the Times of India newspaper wrote on October 16. The Congress, which ranked fourth in the last assembly election, hopes to build on its parliamentary resurgence. For the BJP, a win is vital after a disappointing performance in the Lok Sabha (LS) elections, where it secured only nine seats in Maharashtra, the report (by Priyanka Kakodkar) said. The ruling Mahayuti alliance has introduced several welfare schemes to win voters, including a Rs 1,500 monthly stipend for underprivileged women under the Mukhya Mantri Majhi Ladki Bahin Yojana. This initiative, costing Rs 46,000 crore annually, aims to mimic the success of similar schemes in other states.

Waaree Energies are in high demand in the grey market as the company announced its price band for its Rs 432 crore IPO. The issue opens for subscription on October 21 and investors can bid till October 23. The current GMP is around Rs 1350, which indicates a premium of nearly 90% over the issue price. The IPO is priced in the range of Rs 1427-1503 apiece. Most analysts expect a multibagger listing for the company if the current demand sustains.

ICICI Securities has buy call on State Bank of India (SBI) with a target price of Rs 1,000. The current market price of State Bank of India share is Rs 805.2. State Bank of India, incorporated in the year 1955, is a banking company with a market cap of Rs 718387.29 crore. SBI key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2024.

Ericsson's India R&D centers are stepping up focus on network API (application programming interfaces) which allow new and existing industry sectors to utilize the advanced capabilities of telecommunications networks, the company announced. «Today even as service providers are delivering the benefits of 5G to consumers and enterprises, they have an opportunity to transform the network into a platform for innovation by making advanced 5G network capabilities available to the global developer community through open network application programming interfaces (APIs). For example, capabilities such as quality on demand and network slicing can be made available through programmatic interfaces,» the company said. «We are stepping up the work on AI, Gen AI and Network APIs at our R&D Centers in India,» said Andres Vicente, Head of Southeast Asia, Oceania and India.

Akasa Air flight bound for Bengaluru from Delhi received a bomb threat on Wednesday in a series of such threats received by multiple airlines in the last two days. The flight, carrying 174 passengers including seven crew members, is being monitored by the budget-carrier's Emergency Response team and is expected to be diverted to the IGI Airport in Delhi. «Akasa Air flight QP 1335, flying from Delhi to Bengaluru on October 16, 2024, and carrying 174 passengers, 3 infants and 7 crew members on board, received a security alert. The Akasa Air Emergency Response teams are monitoring the situation and have advised the pilot to divert the flight to Indira Gandhi International Airport in Delhi with abundant precaution. The Captain is following all required emergency procedures for a safe landing in Delhi and the estimated time of arrival is approximately 14:00 hrs: Akasa Air Spokesperson,» an airlines spokesperson said. Meanwhile, an IndiGo flight also received a bomb threat on Wednesday, making it the second flight in two days to undergo a security concern. The Mumbai-Delhi was diverted to Ahmedabad where the passengers were disembarked after the flight was isolated, an Indigo spokesperson informed.

TRUST Mutual Fund has launched TRUSTMF Small Cap Fund, an open-ended equity scheme that focuses on small-cap stocks. The new fund offer or NFO of the scheme is open for subscription and will close on October 25. The fund will be benchmarked against the NIFTY Smallcap 250 TRI. The fund will be managed by Mihir Vora and Aakash Manghani.

A senior official from the Ministry of Home Affairs (MHA) confirmed that the decision to double the number of Air marshals has been taken recently after assessment of the growing threat and getting inputs from intelligence agencies. «The fresh batch of Air Narshals will be deployed on new international routes added in sensitive category based on intelligence report. The decision was taken after several rounds of meetings will all stakeholders in aviation security,» the officer added.

Subscribe to enjoy similar stories. As India's economy surges ahead, the banking sector remains a focal point for investors. In 2024, despite the momentum in financialisation, the Nifty Bank index has underperformed, rising only 7% compared to the Nifty 50's impressive 15.6% gain.

Wipro is expected to report a revenue decline of 1.1% to 1.7% on a year-on-year (YoY) basis for the quarter ended September 30, 2024, according to average estimates from five brokerages, which have pegged the topline in a range of Rs 22,134 crore to Rs 22,516 crore. Estimates for the company's net profit growth for Q2 are expected to range between 5.5% and 19.5%, resulting in PAT of Rs 2,646 crore to Rs 3,161 crore.