Security Financial News
23.07 / 21:10
Racing
security
Election
President
reports
donates
How have the donors reacted to Joe Biden’s decision to quit the race? Kamala Harris’s windfall gains and more
donations pouring in for Vice-President Kamala Harris. This came immediately after President Joe Biden decided to end his election campaign. The Biden-Harris campaign team is reported to have raised a whopping $81 million within 24 hours after Biden ended his campaign. This is the highest amount raised by a party within a time period of 24 hours during this election season. This has been reported by Mirror.
23.07 / 20:58
UPS
FIVE
Career
security
reports
Department
Barred broker arrested in Ohio for $1 million alleged fraud
A former broker with 28 years of experience in the securities industry was arrested Sunday in Mercer County, Ohio, and was indicted on 96 criminal counts for allegedly defrauding Ohioans out of more than $1 million, according to a statement yesterday from the Ohio Department of Commerce.
23.07 / 18:58
23.07 / 18:55
markets
UPS
Provident
FIVE
security
Strategy
Powering up India’s job market: Rs 2 lakh crore in Budget for initiatives to boost employment, skilling for 41 mn youth
budget unveiled dedicated schemes aimed at encouraging industry to increase hiring through incentives for employers and employees to jump start job creation and reap the benefits of the demographic dividend. The latest measures also seek to give impetus to skill training and encourage companies to offer internships to youth to enhance employability.
23.07 / 18:28
markets
COST
security
Trade
show
rights
Budget moves to tame frenzied trading in derivatives
Also read | Why Sebi and RBI want retail investors to stay away from derivatives For options traders, the securities transaction tax will increase by about 60%, said Roop Bhootra, chief executive officer of investment services at Anand Rathi Shares and Stock Brokers. “This move would definitely have a negative impact on professional traders who are trading more on intraday basis and generating exceptionally high-volume trades as it will increase their trading costs," he said. The securities transaction tax was introduced in 2004 to rein in speculative trading and rake in revenue from the financial markets.
23.07 / 16:41
Ethereum
ETF
security
Invesco
CBOE
Trade
Bitcoin
Spot Ether ETFs Start Trading Today—Here's What You Need To Know
The U.S. Securities and Exchange Commission (SEC) has officially approved nine spot ether (ETH)exchange-traded funds (ETFs) for trading on U.S. exchanges. Trading for these new crypto investment vehicles will begin today. Here's everything you need to know.
23.07 / 16:14
markets
FIVE
CEO
security
Align
Experts
travelers
Share buyback to be taxed as dividend. Know how it impacts investors
dividend from October 1 and is expected to increase the tax burden on investors. In her Budget 2024 speech on Tuesday, Finance Minister Nirmala Sitharaman announced about the move which the industry sees as counterproductive. «For reasons of equity, I propose to tax income received on buy back of shares in the hands of the recipient,» Sitharaman said.
23.07 / 14:44
UPS
security
Trade
electronic
travelers
recommendations
Defence stocks HAL, Bharat Dynamics, others recover from 10% fall post budget jitters
As a result, stocks plunged by up to 10% on the intraday basis, but managed to narrow their losses at the closing time.
23.07 / 14:24
markets
COST
Provident
security
country
travelers
Budget 2024: How tax changes impact investors
Budget, presented by Finance Minister Nirmala Sitharaman, introduces significant changes to the taxation of capital assets and capital gains. These amendments aim to rationalize capital gains tax provisions and bring parity across different asset classes and types of investors. While the amendments are indeed welcome as they simplify the hitherto complicated capital gains tax provisions in India and largely bring listed and unlisted shares at par amongst resident and non-resident sellers.
23.07 / 14:00
markets
COST
UPS
Provident
security
Bill
Centre takes knife to T-bill issuances; short-term borrowing costs to ease
Treasury Bills in the Budget. With the reduced supply of sovereign Treasury Bills seen bringing down their yields, cost of borrowing for firms is correspondingly set to fall as rates on debt instruments such as certificates of deposits and commercial papers are benchmarked to the government’s T-bills.
23.07 / 13:25
Booking
security
Sustainability
trends
Trade
show
stage
Tech View: Trending move in Nifty likely after consolidation. Here’s how to trade on Wednesday
Nifty ended the Budget day trading session 30 points lower on Tuesday to form a bullish hammer type candle pattern, signalling that bulls are trying to stage a comeback from lower levels. The short-term trend of Nifty remains negative with high volatility. Emergence of sharp buying and the formation of a positive candle pattern on Tuesday is signalling the occurrence of a bullish reversal pattern in the coming sessions. A sustainable move above 24,650-24,700 could open the next upside towards 24,850-24,900 levels in the near term. Immediate support is at 24,100 levels, said Nagaraj Shetti of HDFC Securities.
23.07 / 13:19
markets
security
Puzzle
FLEX
Photos
show
Nikhil Kamath’s ‘Budget Day’ photo ignites online buzz over his biceps
Nikhil Kamath on recently posted a photo in reaction to the Union Budget 2024, but it was his physical appearance that quickly drew attention. The image, which shows Kamath in a grey sleeveless T-shirt with a somewhat puzzled look, was captioned simply as «Budget day.» While the photograph was meant to capture his response to the budget, many viewers focused on his biceps rather than the financial implications.
23.07 / 13:17
security
Sustainability
WhatsApp
wellness
Inside
Major fire on merchant navy ship off Karnataka coast doused: Coast Guard
fire that broke out on July 19 on a merchant navy ship off the Karwar coast has been doused and efforts are underway to ensure the affected vessel remains in deep sea considering the grave threat posed to the coastline, the Coast Guard said on Tuesday. «The vessel is presently 13 nautical miles west of New Mangalore and heading towards open sea,» the ICG stated in a release.
23.07 / 13:09
markets
Target
security
Research
Trade
band
Rupee settles at record closing low as equity tax hikes hurt sentiment
capital gains from equity investments and on equity derivative trades hurt market sentiment. The rupee ended slightly lower against the U.S. dollar at 83.6875, its weakest ever closing, after having slipped to a record low of 83.7150 earlier in the session.
23.07 / 13:02
security
Analysis
Hacking
fund
Customer
Industry experts analyse WazirX hack: Lessons and future steps for India’s crypto ecosystem
security breach, resulting in a loss of over $230 million. This incident, the largest of its kind in India to date, has prompted a thorough examination of security measures and investor protections within the burgeoning crypto ecosystem. To dissect the implications and learnings from this event, a panel discussion was held on ETMarkets live stream with industry veterans Dilip Chenoy, Chairman of the Bharat Web3 Association; Ashish Singhal from CoinSwitch; Sumit Gupta from CoinDCX; and Edul Patel, from Mudrex.
23.07 / 13:00
markets
UPS
Target
Manufacturing
security
wellness
performer
Budget sees hike in capital gains tax. What should mutual fund investors do?
Union Budget 2024-25. Here is how the fund managers and mutual fund advisors decode the Budget announcement and what mutual fund investors should do.
23.07 / 12:02
markets
UPS
security
trends
Trade
Mint Primer | Eight points to note from the Union budget
₹75,000 from the current ₹50,000. Second, income tax rates for those in the new tax regime—used by more than two-thirds of those filing income tax returns—have been revised. This will lead to savings of up to ₹17,500 during the year.
23.07 / 09:12
UPS
Provident
security
Research
Experts
show
social
America’s 60-year-olds are staring at financial peril
Shauna Sharpes doesn’t travel and grows much of her own food at her home in western Washington state. The payroll manager for a local Native American tribal authority has meager savings and expects she will have to keep working for at least the next decade. Part of her challenge: She turned 60 in January, putting her at the tail end of a baby boom generation that is hurtling toward retirement age in uncertainty.
23.07 / 09:00
markets
COST
security
country
Updates
International
Gold plunges Rs 2,400/10 gram after FM cuts customs duty on bullion
gold and silver to 6%, bullion prices fell sharply on Tuesday. While the August gold futures fell 3.4% or by Rs 2,468 per 10 gm to hit the day's low of Rs 70,250, silver September futures on the MCX tanked by Rs 3,200 per kg or 3.6% to hit the intraday bottom of Rs 86,000. The reaction was triggered by Finance Minister Nirmala Sithraman’s announcement about the cuts in her Budget speech. She presented her seventh Union Budget on Tuesday.
23.07 / 08:25
markets
COST
security
Updates
orienteering
LTCG, STCG holding periods for capital gains calculation of equity,property, gold, financial, non-financial assets changed in Budget 2024: Which gains, which loses
Budget 2024 has proposed to rationalise the holding periods for different asset classes for the purpose of capital gains taxation calculation. The new proposals says that there will be only two holding periods for all asset classes to determine whether the gains are short-term or long term capital gains. The two holding periods will be 12 months and 24 months.
23.07 / 08:05
Racing
security
Election
Trade
President
track
Kamala Harris presidential bid drives investors to question the 'Trump trade'
Having secured the backing of leading Democratic donors and many party officials, Harris, currently vice president, is now on track to be officially nominated as the Democrats' nominee for the November election. Her nomination came shortly after Biden announced his withdrawal from the re-election race, and in the process, throwing his weight behind Harris. «Today I want to offer my full support and endorsement for Harris to be the nominee of our party this year. Democrats — it is time to come together and beat [Donald] Trump,» Biden wrote on X, formerly known as Twitter. Richard d...
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