Security Financial News

Adani Energy Solutions, led by billionaire Gautam Adani, is likely to launch a share sale this week to raise more than $600 million, two sources with direct knowledge of the matter told Reuters on Monday. The sale of existing shares will be Adani Group's first fundraise from equity markets after a $2.5 billion share sale was scrapped in February last year after U.S.-based short seller Hindenburg Research accused the group of improper use of offshore tax havens and stock manipulation.

July 29th, Panama – Gate.io, a leading crypto exchange and Web3 innovator, proudly announces the launch of HedgeSmart Strategies-USDT , a cutting-edge Quant Fund product designed to deliver an annualized yield of 10% to 20%. In addition, Gate.io is offering a 30-day principal protection guarantee for first-time subscribers, ensuring a secure investment experience.

Slovenia has become the first member of the European Union to issue a sovereign digital bond.

Congress leader Rahul Gandhi was misleading the nation on the sensitive issue of national security and the Agnipath initiative and added that he was ready to make a statement in this regard in Parliament. Speaking in the Lok Sabha shortly after Gandhi's remarks on the Union budget, the defence minister said the opposition leader had tried to spread a lot of misconceptions about the budget and Union Finance Minister Nirmala Sitharaman would provide clarification when she replied to the debate.

Lebanon on Monday as diplomatic efforts were underway to contain soaring tensions between Hezbollah and Israel after deadly rocket fire in the annexed Golan Heights.

MUMBAI : ICICI Bank’s core operating profit grew by 11% year-on-year in the June quarter (Q1FY25) to ₹15,412 crore. But it should be noted that a good part of this growth was aided by almost tripling of the dividend income from group companies to ₹894 crore. Excluding dividend income, core operating profit increased by 7%.

White Matter Advisory on Monday announced the acquisition of a 90% stake in fintech startup Fairexpay for an undisclosed amount. The acquisition will help White Matter Advisory in expanding its portfolio in the area of cross-border remittance and fund collection services, a release said.

AIA Engineering via a filing on Monday announced that the company’s board might consider a buyback of its shares in its upcoming meeting. Following this announcement, the shares of the company jumped 7% to its new all-time high of Rs 4,690 on the BSE. “The meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, August 07, 2024, to consider a proposal for buy-back of equity shares of the company and other matters incidental and necessary thereto, in accordance with the applicable provisions of the Companies Act, 2013 (including the rules and regulations framed thereunder), the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018, as amended, and other applicable laws,” said the company in a filing to the exchanges.

SBI Cards and Payment Services Ltd. slipped 1.62 per cent to Rs 708.8 in Monday's trade. It hit a high of Rs 721.35 and low of Rs 703.0 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 735.13, while the 50-DMA was at Rs 719.79. 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.

cyber villain invades to cripple a system, it is a calamity as unstoppable as an earthquake or pandemic. Traders whose coins and funds are frozen at WazirX — the Indian crypto exchange that was recently hit by a massive cyber heist — are now discovering this from the fine print of the terms and conditions they had hitherto ignored. What is coming to the fore in the wake of the WazirX fiasco is that unlike banks or stock exchanges most local crypto platforms categorise ‘cyber breach’ as a ‘force majeure’ event (or, an ‘Act of God’) in their ‘terms of use’ that investors signing in to open accounts rarely read. But for traders a ‘force majeure’ clause may legally shut the doors for claiming lost assets after such a disaster.

infiltration by Pakistani Special Service Group (SSG) commandos.

SAP Labs India Monday announced two global AI roles to be based at its Bengaluru hub.

BluPine Energy on Monday said it has secured Rs 239 crore financial assistance from Tata Capital. The amount will be utilised towards a solar power project in Chhattisgarh, the company said in a statement.

Quad Foreign Ministers on Monday condemned the ongoing attacks perpetrated by Yemen's Houthis against international and commercial vessels transiting through the Red Sea and Gulf of Aden.

Manu Bhaker along with Sarabjot Singh have ignited hope of adding another medal in the kitty.

Nifty Bank, which has been underperforming in the last few weeks, looks ready for a smart recovery in the short term. «Going forward, a move above 51,500 might induce a decent rally towards 52,500. On the lower end, support is placed at 51,000,» says Rupak De, Senior Technical Analyst, LKP Securities. Edited excerpts: How would you read Friday's rally? It appeared as if traders were waiting for the July series to get over before buying again in the August series. Nifty had a decent rally on Friday following a period of downward consolidation in the previous few sessions. The index sustained above the 21 EMA at closing, setting the stage for solid gains in the near term. Banks, which had not been supportive in the last few sessions, came in with their full support. The sentiment looks apt for a strong rally in the market. Technically, Nifty has made a decisive move above 24,600, which acted as a strong resistance level in the recent past. Going forward, the trend is likely to remain strong as long as it stays above 24,500.

Going forward, analysts say first quarter earnings will remain a key trigger, with many large companies scheduled to report their results.

equity markets to record highs in the current financial year. The benchmark Nifty 50 index has delivered 10.5% returns since 1 April, and has outperformed the equity indices of several countries, including China, Mexico, Brazil, France, Canada, South Korea, Australia, Germany, the UK and Hong Kong. The benchmark indices of these countries have delivered returns between -8.2% and 2.9%.

hypothetical conversation between two investors on the recent Budget. It may not be a real interaction, but is representative of the many exchanges on the social media and in real life.

private investments in the mineral-rich state on its foundation day on November 1, chief minister Vishnu Deo Sai has said.