Security Financial News

J.P. Morgan Asset Management released its 2024 Defined Contribution (DC) Plan Participant Survey, highlighting evolving expectations of retirement plan participants. The survey shows a growing demand for robust retirement income support and better financial wellness resources.

India’s cybersecurity market, worth about $6 billion in 2023, is set to see considerable growth in the near future with sub-sectors such as application security likely to spawn exciting firms, said Prayank Swaroop, partner at venture fund Accel.

Nifty ended Thursday expiry on a flat note but formed a bullish counterattack-type pattern on the daily chart despite a weak global trade setup. The index is currently holding immediate and key support at its 20-daily EMA, and maintaining this level will help attract bullish strength, according to chartists. The short-term trend of Nifty continues to be choppy. The lackluster movement with weak bias is expected to continue for the next 1-2 sessions, before witnessing a sharp upside bounce from the lows. Important lower supports are to be watched around 24,100-24,000 levels and this could be a buy-on-dips opportunity. Immediate resistance is placed at 24,500 levels, said Nagaraj Shetti of HDFC Securities.

Additionally, the revenue for the same quarter for the commercial office segment reached Rs 797 crore, reflecting 4 % growth compared to the previous year.

global spending touching USD 200 billion this year, Prayank Swaroop, partner at global VC fund Accel, said on Thursday. Cybersecurity startups in the country are poised to see a steady growth on the back of higher spending in the domestic market, he said at the Accel Cybersecurity Summit 2024 in Bengaluru.

With the unveiling of Union Budget 2024-25, personal finance is set for a transformation that promises both simplification and strategic shifts. Although the anticipated increase in the tax-free threshold didn't materialize, the proposed changes signal a move towards a more streamlined tax system. Finance minister Nirmala Sitharaman is recalibrating the tax landscape, favouring reduced rates, broader slabs, and fewer deductions to make the new regime more appealing.

Max Healthcare Institute Ltd. traded 2.71 per cent up at Rs 921.9 at around 02:10PM (IST) on Thursday. The stock had closed at Rs 947.6 in the previous session. Equity benchmark Sensex traded 42.29 points lower at 80106.59 around the same time.

«So, if you see what we build up for the domestic business, the 5% volume growth and overall, the 9% top line growth for the company, but again the numbers are not pretty well for the company and also as I said earlier that the volatility in the raw material prices, especially in the cocoa and the coffee prices,» says Preeyam Tolia, Axis Securities. What is your first outlook coming in for Nestle India? The numbers they seem to be below estimates, at least for ET Now poll. Preeyam Tolia: Yes, the numbers are below our estimate as well in terms of the top line as well as on the margins front. So, please note that there is inflation in the raw material prices which has also impacted margins. At the same time, the volumes have not picked up as per the anticipation. So, the numbers are pretty weak for Q1.

Voltas Ltd. slipped 2.31 per cent to Rs 1465.5 in Thursday's trade. It hit a high of Rs 1495.3 and low of Rs 1463.75 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 1134.11, while the 50-DMA was at Rs 1439.63. 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.

UPSC) is planning to revamp its exam system to prevent issues like the NEET fiasco.

Production has halted at a Missouri General Motors plant that manufactures trucks and vans, the result of a strike at the company that supplies seats for the vehicles

Chinese officials have warned a delegation of top U.S. executives visiting Beijing this week that higher tariffs on imports from China will harm their businesses inside the country

A lawyer says activist publisher Jimmy Lai will testify in his defense at his Hong Kong national security trial

government proposed a cut in import duty on gold and silver in the budget. Analysts said the move aimed at curbing illegal imports of gold would benefit domestic jewellers, especially the large organised ones.

«The recovery noticed from today's low will be evident only post the monthly expiry on Thursday. At the same time, the ongoing Q1 results, which till date is muted, will decide the near-term trend,» said Vinod Nair, Head of Research, Geojit Financial Services

MonoSwap urged its users on July 24 to withdraw funds immediately following a security breach that compromised its wallets and contracts.

As Kamala Harris and Donald Trump prepare for their 2024 presidential campaigns, Bitcoin (BTC/USD) is currently trading at $66,440, up 0.72%. U.S. Vice President Kamala Harris launched her White House campaign with a sharp critique of Donald Trump, positioning the election as a choice between her prosecutorial background and Trump’s criminal record.

Finance Secretary TV Somanathan said in an interview to Anuradha Shukla and Deepshikha Sikarwar. Edited excerpts:

Paris Olympics 2024 just beginning in a matter of hours now, there are reports of different organizations and activist groups, who are trying to convince Los Angeles to pull out of hosting the 2028 Olympic Games in the city. According to The Telegraph's report, there are various issues, related to the environment, city traffic, population, security and much more that is compromised when a city hosts the Olympic Games, which is all the more reason why people are asking LA to pull out of being the hosts.

India and the United Kingdom are launching a new 'Technology Security Initiative' (TSI) to elevate the strategic partnership between the two countries to the next level. This was announced during visit of UK Foreign Secretary David Lammy. The TSI will be coordinated by the National Security Advisors (NSAs) of both countries through existing and new dialogues. The NSAs will set the priority areas and identify interdependencies for cooperation on critical and emerging tech that will, in turn, help build meaningful technology value chain partnerships between two countries, officials said. The progress made on the initiative will be reviewed on a half yearly basis at Deputy NSA level. «We will also set up a bilateral mechanism led by India's Ministry of External Affairs and the UK government for promotion of trade in critical and emerging technologies, including resolution of relevant licensing or regulatory issues,» an official said.