Security Financial News

raising fresh capital. In the first eight months of 2024, 55 companies raised ₹58,400 crore through QIPs, the second-highest ever after ₹80,800 crore in 2020. With several companies announcing plans to raise funds, QIPs are on track to break records in 2024. The corporate sector is taking advantage of the vibrant equity markets to strengthen balance sheets and raise the required resources to fund expansion plans, said market participants.

startup Boson Whitewater and nutrition-focused brand TruNativ have each secured Rs 10 crore in equity funding from Zerodha-backed early-stage venture firm Rainmatter. Boson Whitewater helps treat excess sewerage treatment plant (STP) water into potable water, which can help solve the water scarcity problems in large cities like Bengaluru. TruNativ is a direct-to-consumer (D2C) brand that sells nutritional products like Everyday Protein, Everyday Fibre, and Everyday Sweetener through its own website and ecommerce channels.

Bajaj Housing Finance will open for subscription on September 9 and close September 11. The price band will be between ₹66 and ₹70. The offer comprises a fresh issue of ₹3,560 crore and an offer for sale of ₹3,000 crore by promoter Bajaj Finance. Bids can be made for a minimum of 214 shares and multiples thereafter. Bajaj Housing Finance is a 100% subsidiary of Bajaj Finance and offers finance for the purchase and renovation of homes or commercial spaces to individuals and corporate entities, provides loans against property and working capital for business expansion. It also provides loans and lease rental discounting to developers. It plans to use the proceeds from the fresh issue to augment its capital base.

Securities and Exchange Board of India (Sebi) officials made an unprecedented complaint to the finance ministry last month, accusing the capital and commodities market regulator's leadership of fostering a toxic work culture. «Shouting, scolding and public humiliation have become a norm in meetings,» said the August 6 letter, which ET has reviewed. The communication has come to light at a time when Sebi chairperson Madhabi Puri Buch is facing accusations of conflict of interest over the regulator's Adani inquiry and the Opposition has raised questions over compensation paid to her by former employer ICICI Bank. Zee Group founder Subhash Chandra accused her of corruption on Tuesday. Buch has denied any wrongdoing as has ICICI Bank. Sebi said matters with employees have been resolved. «The issues referred in your mail have already been addressed by Sebi,» the regulator said in an email.

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

Enforcement Directorate (ED) has attached a nearly ₹10 lakh fixed deposit of an accused in the alleged leak of medical entrance exam question paper, people in the know said. The agency had launched a probe under the Prevention of Money Laundering Act based on an FIR registered by CBI. It had issued summons to some of the accused. After conducting a preliminary investigation and identifying the alleged proceeds of crime, it attached the fixed deposit of one of the accused, the people said. The probe is continuing, and the agency is likely to attach the assets of more co-accused in the near future, they said. Last month, the Supreme Court, refusing to order a retest of the NEET-undergraduate examination, told the National Testing Agency that it «cannot afford to misstep, take an incorrect decision and amend it at a later stage». Instead, it should maintain the «highest standards of security and reliability» in conducting important competitive examinations, the top court told the testing agency that conducts the NEET and several other competitive exams.

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The Base chain’s Shiba Inu-themed meme coin, Base Dawgz ($DAWGZ), is set to launch on a decentralized exchange (DEX) on Wednesday at 6 p.m. CET. Backed by over $3.2 million in funding, this multi-chain meme coin is shaping up to be the top meme coin on the Ethereum Layer 2.

Tork Motors is looking to sell a stake to raise capital in a desperate bid to revive operations crippled by a sharp cut in government subsidies on electric vehicle sales and an overall funding squeeze. The Pune-based electric motorcycle startup--backed by Ratan Tata, Bharat Forge and Ola's Bhavish Aggarwal--has sent out buyout proposals to two-wheeler companies including Kinetic Green, Hero MotoCorp, and TVS Motor Company for the potential deal, said people familiar with the matter. These companies said they are studying the proposals and would decide shortly. The people cited above didn't disclose the amount of stake Tork Motors plans to sell. The company was last valued at $45 million, according to The Kredible and Entrackr.

MHA) has moved the Supreme Court seeking better accommodation and facilities for the Central Industrial Security Force (CISF) personnel stationed at the RG Kar Hospital and Medical College and hostels of resident doctors. In an applicationbefore the Supreme Court, the MHA argued that due to the long distance between the accommodation place and the RG Kar Hospital, the security personnel have been facing difficulties in ensuring efficient administration and prompt mobility during contingencies. The MHA has sought for the initiation of contempt proceedings against West Bengal officials in violation of the orders of August 20 and 22 in the event of failure to cooperate with the needs of the CISF troops.

thermal power producer, Adani Power, is planning to more than triple the capacity of its Kawai power plant in Rajasthan with an investment of up to ₹18,000 crore, said sources aware of the development. The current capacity of the plant is 1,320 MW, which will be expanded in two phases of 1,600 MW each, taking it to 4,520 MW over the next few years. Kawai is located in the Atru Tehsil of Rajasthan's Baran district. The company has already given a ₹10,000 crore order to Bharat Heavy Electricals Ltd to execute the expansion plan. Adani Power did not respond to an email seeking comment.

Boeing has faced a plethora of negative news and nearly nothing but issues. If a new contract isn't reached by September 12, 32,000 workers may go on strike against Boeing. While Boeing struggles with its past decisions and ongoing financial issues, the union demands better wages, benefits, and job security. On September 12 at 11:59 p.m. PT, the agreement between Boeing and the International Association of Machinists is scheduled to expire. The employees who assemble the company's aircraft in Washington state are scheduled to go on strike for the first time in sixteen years if they don't get a new contract. The union's president believes that there is currently little chance of a deal. The major issues that divide them are pay, health care, retirement, and vacation time, according to Jon Holden, the president of IAM District 751, who spoke with CNN last week. They're still working on it, but it's been a difficult process to get there.

real-time basis amid a spike in banking frauds, people familiar with the developments said. The list includes lawyers, builders, and gold loan appraisers among others colluding to secure loans through fraudulent means, they said. «The issue was discussed at a meeting (last month) with the Advisory Board for Banking and Financial Frauds (ABBFF), and it was decided that it will be made mandatory for the lenders to check this list before dealing with such entities and further update it on a real-time basis,» a senior bank executive told ET. He said the list is likely to be expanded as banks comply with the latest guidelines on fraud classification issued by the Reserve Bank of India (RBI) on July 15.

Maoists, including six women, were killed in an encounter with security personnel in Bastar region of Chhattisgarh on Tuesday, taking the total number of killings in the state this year to an all-time high of 154 deaths (in graphics). The gunfight broke out at around 10.30 am in the forests along the border of Dantewada and Bijapur districts when a joint team of security forces was out on an anti-Maoist operation, said inspector general of police, Bastar range, Sundarraj P. Personnel belonging to the District Reserve Guard and the Central Reserve Police Force were involved in the operation, which was launched based on inputs about the presence of Maoists belonging to its west Bastar division unit, according to CRPF officials. The intermittent exchange of fire lasted for a long time, following which bodies of nine Maoists in 'uniform' were recovered from the spot, they added. A huge cache of weapons was also seized from the encounter site. Union home minister Amit Shah, during his three-day visit last month, had said that the government is committed to completely eradicating Maoism from the country before March 2026. Shah has also sought the creation of a special investigation agency in states for probe and prosecution on the lines of National Investigation Agency and has urged Chhattisgarh government to come up with a new surrender-cum-rehabilitation policy.

Cathay Pacific has canceled nearly 70 flights since Monday after an engine issue forced a flight heading to Zurich to turn back around to Hong Kong, according to the BBC

Officials say Lebanon’s controversial former central bank governor has been detained after being questioned in several corruption cases

bank data showed. The weighted average call rate (WACR) stood at 6.47% on Tuesday, as against 6.49% the previous day. The WACR is the operating target of the RBI's monetary policy and is supposed to be closely aligned to the central bank's repo rate. The repo rate is currently at 6.50%

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₹48,000 crore to J.C. Flowers Asset Reconstruction Pvt. Ltd in December 2022 for ₹11,183 crore.

The application said that duty personnel are facing a lot of difficulties in performing duties due to non-availability of accommodation, security gadgets and paucity of transportation. Centre, in its application in the Supreme Court, was seeking direction to West Bengal to extend full co-operation to the CISF and ensure full compliance, in letter and spirit, of the order dated August 20 or face contempt proceedings for wilful non-compliance of the order.