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As an observer of financial markets, I see this as a positive development in our gradual progress towards wider financial inclusion. The Rs.250 SIP potentially opens the doors for many Indians who have previously been unable to participate in mutual fund investments. By lowering the entry barrier, Sebi invites a broader segment of our population to consider mutual funds as an investment option. This initiative aligns with one of the key objectives of mutual funds, particularly in the Indian context—to make a range of stocks and bonds accessible, with relatively small amounts of money. Mutual funds pool investments from numerous individuals, allowing them to access a diverse portfolio of securities that might otherwise be challenging for individual investors to compose independently. The Rs.250 SIP extends this concept further, potentially bringing professional fund management and diversified portfolios within the reach of more people.

shipping vessels, with the government considering removing special exemption for fishing vessels under the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest (SARFAESI) Act, 2002, said people familiar with the matter. The government is also reviewing other provisions of the law to fast-track the recovery process, said an official. «We are in discussion with stakeholders on various aspects of the SARFAESI Act. One of them is to amend the Act for shipping vessels,» the official said.

UPDATE: (From 6 p.m. ET) The man who authorities say pointed a rifle with a scope into former U.S. President Donald Trump’s golf club and was arrested is Ryan Wesley Routh, three law enforcement officials told The Associated Press.

Gaurishankar Kalyani, brother of Baba Kalyani, has filed an affidavit in the Pune Civil Court challenging the execution of his late mother Sulochana Kalyani's 2012 will. Gaurishankar produced a new will dated December 9, 2022, containing several serious accusations against Baba Kalyani. In the affidavit, the late Sulochana reportedly wrote Baba had taken control of most of the family's wealth, leaving her and her husband, Neelkanth Kalyani, with a small portion. «Between 1992 and 1994, Baba seized control of several companies, including Bharat Forge and Kalyani Steels, from my husband. After 1994, we were left with only a small share of the wealth my husband had built,» affidavit states. Gaurishankar's affidavit responds to affidavits filed by Madan Takale and Shrikrishna Adivarekar seeking probate of Sulochana's 2012 will. The case is set to be heard in Pune on October 9, 2024.

Left Wing Extremism (LWE) has led to the menace being restricted to 43 districts as against 200 before 2014, sources said on Sunday. The sources, on condition of anonymity, said over 700 Maoists have been arrested, surrendered or killed in encounters between January and September this year and exuded confidence that the country will be free from Left Wing Extremism by 2026. In the first 100 days in office of the BJP-led NDA government's third tenure, the focus has been on implementation of the action plan to address the LWE, including building additional security camps in the Maoist affected areas.

Shares of Trump Media & Technology Group Corp. jumped Friday after former President Donald Trump said he won’t sell shares of the company, saying that he doesn't need the money and likes the social media platform to get out his voice

Before he ran for the Senate in Pennsylvania, David McCormick was a big name on Wall Street as CEO of the world’s largest hedge fund

Subscribe to enjoy similar stories. New Delhi: Filmmakers and content creators behind popular film and television shows are stepping up efforts to protect their intellectual property rights (IPR). These include unauthorised use of the title’s logo, dialogues and mannerisms of characters, and other critical elements.

A new attempt has begun to try to salvage an oil tanker burning in the Red Sea after attacks by Yemen’s Houthi rebels

Volodymyr Zelenskiy told CNN in an interview aired on Sunday. Russia has been gaining ground in parts of eastern Ukraine including around Pokrovsk. Capture of the transport hub could enable Moscow to open new lines of attack. Zelenskiy said the situation in the east was «very tough», adding that half of Ukraine's brigades there were not equipped.

Bangladesh team arrived in India on Sunday for two Test matches and three T20Is with visiting skipper Najmul Hossain Shanto hoping that their historic 2-0 series win in Pakistan recently would hold them in good stead against the formidable hosts in the coming weeks. The Bangladesh squad landed in Chennai, the venue for the opening Test beginning on September 19, on Sunday afternoon. «It's definitely going to be a very challenging series for us,» Shanto was quoted as saying at the pre-departure press briefing at the Dhaka airport. «After a good series (vs Pakistan) there is definitely an extra confidence in the team, in the people of the country. Every series is an opportunity.

Manipur Police on Sunday expressed concern over the use of sophisticated weapons to target security personnel during protests and urged demonstrators to refrain from employing such means to make their point. Addressing reporters, DIG (Range 1) N Herojit Singh said, «We want to remind the public that the police department's duty is to maintain law and order and to respond to armed attacks by miscreants. We have sustained multiple casualties during these challenging times.» Highlighting the shift in protest tactics, the DIG said, «In recent agitations, traditional forms of protests have been replaced with lethal methods targeting security forces. Demonstrators have engaged in stone pelting, shooting iron pieces from slingshots, firing tear gas shells, and using automatic firearms.» «We have evidence of automatic weapons being fired during protests. At Khabeisoi, firing from automatic weapons injured an officer in-charge of Imphal East Commando and another personnel recently. In Kakwa, Imphal West district, firing from automatic weapons left marks on our vehicles,» he claimed.

Subscribe to enjoy similar stories. “Ludwig" and “Maria" had suffered an abrupt end to their clandestine careers, arrested just after finishing breakfast in their suburban home and outed as deep-cover spies for Moscow. But as they flew in a Bombardier jet to freedom as part of an epic prisoner swap last month, they had more familial concerns in mind: How to break it to the kids? Please, they’d quietly pleaded with their Slovenian escorts, don’t address us by our real names.

Subscribe to enjoy similar stories. Studying overseas is expensive. However, many countries offer a post-study work visa to international students.

Bengaluru (Karnataka): An alleged security breach occurred during an event of Karnataka Chief Minister Siddaramaiah when an unidentified person ran towards the stage where the Karnataka CM was present in Bengaluru on Sunday. The security personnel quickly intervened and stopped the person on the stage, after which the event proceeded without further incident. Earlier on International Democracy Day Siddaramaiah said, «In Karnataka, our government is dedicated to building a state where democracy thrives, communities live in harmony, and secularism is upheld. But the threat to these values persists. Together, we must remain vigilant, stand united, and continue to nurture Karnataka as a peaceful garden of all communities.»

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...

currency management infrastructure over the next 4-5 years, mainly to ensure adequate storage and handling capacity to cater to the future cash needs of the growing economy. The creation of greenfield currency management centres, the introduction of warehouse automation, the installation of security and surveillance systems, an inventory management system, and a centralised command centre are being mooted to modernise the existing infrastructure, according to an RBI document. The expected timeline for the whole project is 4-5 years, according to the expression of interest (EoI) issued by the Reserve Bank of India (RBI) for procurement of consultancy and project management services for the modernisation of currency management infrastructure. «Despite moderation in the growth rate of NIC (Notes In Circulation) in the last three years, analysis indicates that the growth will continue to be positive over the foreseeable future though the pace thereof is expected to be slower over the next decade,» the document said.

Subscribe to enjoy similar stories. In 1998, a young consultant from Tata Consultancy Services was dispatched to the authorities overseeing India’s census, an immense effort carried out once a decade. The company was propelled by the concern that once computer dates ticked from 1999 to 2000, all the IBM mid-range computers it had used to stop the banking system from collapsing and planes falling out of the sky would have no work worth their capabilities.

Navdeep Singh achieved a historic milestone by securing a gold medal in the men’s javelin F41 final. Initially awarded silver, Navdeep’s medal was later upgraded to gold after a review, marking one of the most significant achievements in his career. His win brought immense pride to India and highlighted his remarkable athletic journey. However, Navdeep’s path to Paralympic success wasn’t just about sports. It was also a personal journey filled with challenges that shaped his determination. During an emotional podcast interview, Navdeep opened up about the deep struggles he had to overcome, both on and off the field.

Kamala Harris revealed that she owns a handgun for personal safety. This disclosure, which came as a strategic response to Republican criticisms, highlights her effort to navigate the complex landscape of American gun politics. According to a White House source, Harris’s gun is securely stored at her California home. During the debate, Harris addressed Republican accusations with the statement: “This business about taking everyone's guns away — Tim Walz and I are both gun owners. We're not taking anybody's guns away, so stop with the continuous lying about this stuff.” She also recalled her personal reasons for owning a gun, saying in 2019, “I am a gun owner, and I own a gun for probably the reason a lot of people do — for personal safety. I was a career prosecutor.”

Sebi chairperson Madhabi Puri Buch has traded in listed securities worth about Rs 37 crore during her tenure at the regulatory body, violating its conflict-of-interest policy, Congress alleged on Saturday in a fresh salvo against her. The country's main opposition party also accused Buch of making investments abroad including in Chinese funds.