Security Financial News

Paytm, on Tuesday unveiled a card soundbox, which doubles up as a card payment device. «It democratises access to secure NFC card-reading technology for small shops, empowering them with affordable devices for comprehensive payment acceptance, including credit or debit cards and UPI. Customers can simply tap a card or scan a QR code to make payments,» the company said in a statement.

Sovereign Gold Bonds (SGBs) are an important investment option for retail individual investors. Any change in the taxation of SGB will have a material impact on your total returns. Budget 2024 has proposed several changes that may directly affect the taxability of your SGB investment if it is sold before maturity or prematurely redeemed.

grey market premium (GMP) for the company’s shares is currently pegged at Rs 12-13, indicating a potential premium of 16% above the issue price. The price band for the IPO has been fixed at Rs 72-76 a share.

Viksit Bharat: A Post Union Budget 2024-25 Conference at New Delhi’s Vigyan Bhawan on Tuesday at 12pm.

Readers may recall the 4 June market correction when investors took advantage of the fall in prices and invested lumpsum amounts in mutual fund schemes?

DigitalX announced on July 19 that cryptocurrency exchange Coinbase would be its custody partner for its new spot Bitcoin ETF (BTXX). The custody of the DigitalX Bitcoin ETF (BTXX) shows the exchange’s growing role in supporting the infrastructure for Bitcoin ETFs worldwide.

LTCG) tax on unlisted securities to 12.5% from 20% could benefit startup staffers holding employee stock option plans (Esop), if their shares are bought by an investor during a secondary funding round, founders and tax experts said.

landslides occurred near Meppadi in Kerala's Wayanad district early on Tuesday, with hundreds of people suspected to be trapped.

Central Bank’s policy meeting globally as the US Federal Reserve, BOE, and BOJ will announce their decisions. «Interest-sensitive sectors including banking will remain in focus. Overall, we expect the market to continue its gradual uptick, however, volatility cannot be ruled out ahead of key events,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.

Adani Energy Solutions is expected to launch a qualified institutional placement (QIP) this week or next to raise up to $1 billion (₹8,400 crore), according to people with knowledge of the matter. The board of the Adani Group's power transmission unit had in May approved raising ₹12,500 crore through equity to fund expansion. «Adani Energy is set to launch its QIP after a month of roadshows with GQG Partners, Qatar Investment Authority, two US-based funds new to India, and domestic mutual funds showing interest,» said one of the persons cited. «The QIP is expected to be launched later this week or early next week to raise around $700-800 million, with the potential to increase it to $1 billion in case of demand.» The company has appointed ICICI Securities, SBI Capital Markets and Jefferies as advisers.

The nine US ETFs holding the Ethereum cryptocurrency saw outflows of $340 million during their first week of trading as investors pulled money daily from a high-fee legacy product that was converted to an exchange-traded fund.

Finra has fined a California-headquartered broker dealer $475,000 for a years-long failure to establish and maintain adequate supervisory systems to prevent excessive trading that resulted in millions of dollars in trading costs across roughly one hundred accounts.

House of the Dragon Season 2 finale is palpable, with the recently released promo trailer providing a glimpse into the dramatic conclusion of the season. The trailer reveals a series of intense military engagements, highlighting the escalating conflict between Team Green and Team Black.

Lok Sabha on Monday witnessed an uproar over the flooding of a coaching centre's basement in Delhi that killed three students with many members demanding that accountability be fixed as they criticised the failure of authorities and sought a high-level inquiry into the incident.

The Securities and Exchange Commission (SEC) has concluded its action against Richard Keith Robertson and IFP Advisors, LLC, sanctioning them for a deceptive cherry-picking scheme that unfairly allocated trades to the detriment of their clients.

A group of insurance industry groups has succeeded in getting the DOL’s new fiduciary rule and prohibited transaction exemptions temporarily blocked.

Benefit payments for Canadian seniors are going up slightly in a scheduled increase as retirement is “becoming unaffordable” for many in the country.

The three-year deal will increase pay an average of 10%, offer other benefits.

Bridges along the Seine River are opening up, and police barricades are being taken down in Paris after the Olympics opening ceremony

Former President Donald Trump has laid out his plans to wholeheartedly embrace cryptocurrency if elected for a second term

Donald Trump has wrapped up his rally in Minnesota as the presidential campaign enters a critical final 100-day stretch