Security Financial News

BHEL and NTPC jumped nearly 3% to Rs 314.25 and Rs 385, respectively, after Finance Minister Nirmala Sitharaman announced a partnership between the two PSU companies under the Energy Security Scheme in the Union Budget. Sitharaman on Tuesday announced that NTPC and BHEL will set up an ultra-critical thermal power plant using AUSC Tech to promote one out of 9 Budget priorities of Energy security.

Covalent, the leading modular data infrastructure for AI with +230 chain integrations and 1000’s of customers, is thrilled to welcome five new operators to its network: Graphyte Labs, PierTwo, StakeCraft, Sensei Node, and Matrixed Link. With these additions, the Covalent Network has expanded to include a total of 37 participants, comprising 23 Block Specimen Producers (BSPs) and 14 Block Results Producers (BRPs). This growth represents over a 42% increase, rising from 26 in May 2024 to 37 in just two months.

Bitcoin has traditionally been associated with its store of value or digital gold narratives. This is however rapidly changing with the integration of BTC into decentralized finance (DeFi) products and the spur of growth in interoperability solutions for the asset. Currently, nearly $1 trillion in BTC value is lying in wallets as dormant capital, with partly $15 billion worth of daily transactions across the largest blockchain ecosystem today.

AI) is probably one of the last things a growing, lower-middle-income economy needs, said the Economic Survey.

Bajaj Finance, while Citi has a buy call on GAIL and Exide. Jefferies has a buy view on JK Cement and Supreme Industries, and Kotak Securities has a buy call on Federal Bank. We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

Dalal Street has been brimming with confidence that Nirmala Sitharaman will continue singing the good old capex song in the Union Budget once again today, there are fears that the dharma of coalition politics might have a bearing on government policies as well. The tough ask for Sitharaman is to balance welfare spending without losing the grip over capex. The consensus view on Dalal Street is that strong economic momentum, robust GST collection, asset monetisation and record RBI dividend can help the government deliver on both.

«I think there is a role the industry can play and if there are tax reforms that can help that process, that would be welcome. And in terms of equity, we play a big role in terms of long-term wealth creation for investors and so any tax proposals that help that process will also be, to my mind, a welcome step for the industry,» says Anthony Heredia, CEO, Mahindra Manulife AMC. Let us start by AMFI's 16-point proposal that has been sent and there are a lot of expectations in terms of rationalising the tax structure and the capital gain structure and what according to you are the pressing issues which are actually highlighted in the 16-point proposal sent to the finance minister from AMFI? Anthony Heredia: So, I would not put it as concerns. I think the thing that the industry looks forward to firstly continuity of reform of the progress we have seen, so I would say that would be the primary expectation. But we do believe we have a very significant role to play in terms of the ability for corporate bond markets to grow and one of the requests we would have is perhaps a rethink on the tax changes that happened on debt funds a couple of years back.

Kamala Harris's campaign aims to wrap up her presidential nomination by Wednesday night by securing a majority of the nearly 4,000 Democratic convention delegates needed to win, four sources with direct knowledge of the matter said.

Foreign investors pumped ₹22,670 crore into shares of companies across 19 sectors between July 1 and 15, according to data from National Securities Depository (NSDL). Capital goods, automobiles, information technology (IT), and healthcare were among the sectors that witnessed the highest inflows in the period. The capital goods sector saw robust inflows worth ₹3,612 crore in the first half of July, over inflows worth ₹2,792 crore in June. The sector had witnessed foreign inflows worth over ₹20,000 crore between January and June. FPIs bolstered their holdings in automobile stocks with an infusion of ₹2,993 crore during the first 15 days of July.

security talks on July 28 that for the first time will cover "extended deterrence", a term used to describe the U.S. commitment to use its nuclear forces to deter attacks on allies.

Democratic National Committee Chairman Jaime Harrison said on Monday the Democratic Party will deliver a presidential nominee by Aug. 7 and is committed to an «open and fair» nominating process.

liquidation over a $19 million payment default to the Board of Control for Cricket in India (BCCI). The company, once valued at $22 billion, is undergoing insolvency proceedings — a development that raises questions on what could happen to its 5,000 employees, including teachers, in addition to thousands of vendors and customers.

Securities and Exchange Board of India (Sebi) has intensified surveillance of initial public offerings (IPOs), slowing approvals, as it looks to safeguard investors. The average approval time for IPOs in calendar year 2024 has lengthened to 125 days, the most in 11 years, according to primedatabase.com data. Out of the 44 IPOs approved by Sebi this year, 18 have taken more than 125 days, data showed.

Union Budget, volatility is expected to remain high on Tuesday. «We thus maintain a cautious stance and recommend a hedged approach. Traders should seek buying opportunities in low-beta counters, especially in the defensive sectors, and remain selective in other areas,» said Ajit Mishra – SVP, Research, Religare Broking.

The move comes after a collaboration with Mastercard last year in Australia, where Stables introduced the first stablecoin wallet in the APAC region to offer payments from a single stablecoin balance. Now, with a Virtual Asset Service Provider licence, the startup is offering Europeans the ability to make contactless in-store and online payments via Apple Pay and Google Pay across Mastercard’s network of merchants. Bernardo Bilotta, co-founder, Stables, says: “Our collaboration with Mastercard has streamlined the crypto spending experience, blending familiarity with innovation.

China’s central bank has cut key interest rates in a surprise move aimed at injecting pep into the economy, while the ruling Communist Party released a 50-page roadmap addressing long-term challenges

A defamation suit against Fox News by a government official who served on a short-lived U.S. government media disinformation board is being dismissed by a federal judge

The United Nations Security Council has unanimously approved more transparent procedures for the hundreds of individuals, companies and other entities who are subject to U.N. sanctions and want to get off the blacklists

Army said it thwarted an attack on the house of a village defence guard (VDG) and a nearby security post in the wee hours of Monday in Gund area of Rajouri in Jammu and Kashmir.

Some of the world's cleanest pigs are being raised in the Virginia mountains to supply kidneys and hearts for animal-to-human organ transplants

Nepal’s newly appointed prime minister has secured overwhelming support in parliament with more than two-thirds of members voting in his favor