Security Financial News

A fresh circular from the Securities and Exchange Board of India (Sebi) seems to have sent discount brokers into a tizzy. Zerodha co-founder Nithin Kamath said the company may have to reconsider its zero-brokerage model, or even increase brokerage fees for trades in the futures and options (F&O) segment, after Sebi’s directive that all market infrastructure institutions, including stock exchanges, must charge members a uniform fee unlinked to trading volumes.

Stock Exchange (NSE) on Thursday said it will impose a cap of 90% on the issue price of SME IPOs during the pre-open session on listing day. The move is aimed to bring stability to the opening price discovery of these stocks. As of now, there is no cap for SME IPOs on the listing day.

The data of nearly all customers of the telecommunications giant AT&T was downloaded to a third-party platform in a 2022 security breach in a year already rife with massive cyberattacks

July 2nd, Panama – Gate.io , a top cryptocurrency exchange and Web3 innovator, today announced it has enlisted Elliptic, the leading provider of blockchain analytics and investigative solutions, to strengthen its compliance program. Through this collaboration, Gate.io is integrating Elliptic’s comprehensive suite of blockchain monitoring solutions to fortify its network of compliance providers, demonstrating the exchange’s commitment to its users and adherence to regulatory requirements.

Here's how analysts the market pulse:

Nifty on Tuesday ended 113 points higher to form a long bull candle on the daily chart and also hit a fresh record high intraday. The underlying trend of Nifty continues to be positive. Having moved above the key overhead resistance of 24,400 levels (1.618% Fibonacci extension), the Nifty could now advance towards another important resistance of 24,960 levels (1.786% Fibonacci extension) in the near term. Immediate support is at 24,250 levels, said Nagaraj Shetti of HDFC Securities.

worldcup winning team.A cake has been prepared in the colours of Team India jersey and topped with the T20 trophy recreated in chocolate.Executive chef at ITC Maurya, Chef Shivneet Pahoja, told news agency ANI its a tribute to the World Cup winning team“The cake is in the colour of the Team's jersey. Its highlight is this trophy, it may look like an actual trophy but this is made out of chocolate...This is our welcome to the winning team...We have arranged the breakfast in the special venue and we will offer them a special breakfast.." he said.

Mint takes a closer look at what steps the regulator has taken to check the activities of unregistered advisors and what more Sebi can do about it. Unregistered investment advisors are those who haven’t signed up with Sebi to offer investment advice. The practice of advising retail investors without being registered with the regulator violates Sebi’s (Investment Advisors) Regulations.

BEIJING — China dominates the supply chain for many of the world's critical minerals, but so far it's held off on sweeping restrictions on at least one: tungsten.

A new pilot designed to enhance the way insurance-linked securities investments are invested and managed has been announced by Schroders Capital.

Finra has imposed an $850,000 fine on UBS after an investigation revealed the firm failed to establish and maintain an adequate supervisory system, leading to millions in losses for at least 30 customers.

Riyadh: Ace Indian cueist Pankaj Advani fell short in his quest to secure a hat-trick of titles, losing 2-5 to compatriot Dhruv Sitwala in the final of the 2024 Asian Billiards Championship here on Saturday. Dhruv set the tone for the match with an impressive start, scoring 103 points, while Advani struggled to get on the board, finishing with no points. Advani managed to improve his game, scoring 36 points, but Dhruv maintained his dominance with another 100. Advani found his rhythm in the third frame and outplayed Dhruv, achieving a remarkable 101. Dhruv, however, had an off-frame, scoring only two points. Advani continued his momentum and scored a perfect 100, while Dhruv managed only 11 points. Dhruv's consistency shone through as he scored 100 again.

hybrid cloud, which combines private cloud (on-premises data centre) with public cloud. Hybrid cloud helps in cost reduction, supports remote work and creates workplace efficiency. US-based IT firm Hewlett Packard Enterprise (HPE) has come up with various solutions around the hybrid cloud for Indian SMEs. Bhawna Agarwal, Country Head-Strategy & Growth, Hewlett Packard Enterprise, India, says that SMBs are increasingly prioritising high-performance cloud computing solutions that can handle intensive workloads efficiently and reliably. Secondly, there is a growing emphasis on the rapid deployment of cloud computing services. “SMBs seek solutions that can be quickly implemented and operationalised to adapt swiftly to market changes and business needs. Additionally, SMBs place a high value on security and data privacy in cloud solutions,” she says.

armed forces and infiltrators on Tuesday afternoon in a remote forest area of Doda in Jammu and Kashmir. Officials said the exchange of fire took place during a cordon and search operation in Ghadi Bhagwah forest, following a tipoff regarding the movement of infiltrators in the area. «Two to three infiltrators were present in the area and heavy firing was going on in the area till late evening,» an official said. This is the third incident of violence in Jammu division in the last three days. Earlier, five armymen, including a junior commissioned officer, were killed and five others injured in Kathua district, while an armyman was injured on Sunday in Rajouri district. Following the attack on the Machedi-Kindli-Malhar road near Badnota village, a massive search operation was underway in the area which is along the border, around 150 km from the main Kathua town. Top brass of the J&K police visited the area and held a security review meeting. The joint search operation teams of the Army, police and CRPF were assisted by drone surveillance and elite para commandos. Sniffer dogs have been deployed in the area to look for infiltrators in the thick forest region. A team of the National Investigation Agency officials have also reached the spot where the incident happened and started its probe into the matter.

Vedanta Ltd will issue secured, rated, listed non-redeemable non-convertible debentures (NCDs) worth ₹1,000 crore later this week. The 15-month tenure NCDs will have a floating rate linked to MIBOR. Proceeds will be used for general corporate purposes, including debt repayment and capital expenditure. The NCDs will be raised on July 11 and pay 3.75%over one month overnight indexed swap (OIS) rate. As of March 2024, Vedanta's gross debt was ₹71,759 crore, with net debt at ₹56,338 crore. The company held cash and equivalents of ₹15,421 crore. FY24 finance costs rose to ₹9,465 crore from ₹6,225 crore, driven by increased borrowings and higher interest rates.

Rahul Gandhi visited Hathras to meet the grieving families who were affected in the stampede, the Bharatiya Janata Party (BJP) lambasted the Congress MP for being selective and not finding the «empathy» to visit the families of those who lost their lives in the Kallakurichi illicit liquor tragedy in Tamil Nadu. At least 121 devotees lost their lives owing to a stampede at a religious 'Satsang' event of self-styled godman Suraj Pal alias 'Bhole Baba' in Fulari village in Uttar Pradesh's Hathras on Tuesday. BJP leader CR Kesavan said that neither Rahul Gandhi nor Tamil Nadu Chief Minister MK Stalin have consoled the families of the victims of the Kallakurichi illicit liquor tragedy.

Kishori Lal Sharma, Congress leader and a Member of Parliament (MP) from Uttar Pradesh's Amethi, on Saturday, backed party MP Rahul Gandhi's remarks on former Amethi MP and Bharatiya Janata Party (BJP) leader Smriti Irani, in which he targeted the trollers using derogatory languages against her. Sharma backed Gandhi's remarks and said that it is not their value to use such language against someone. «Rahul Gandhi is right. I relate to his statement. Victories and losses are a part of life. It is not in our values to use such language against someone», the Amethi MP told ANI.

The Worldcoin Foundation, the organization behind the digital identity project OpenAI CEO Sam Altman co-founded, unveiled a developer preview for its upcoming World Chain blockchain.

K Armstrong, Tamil Nadu Bharatiya Janata Party (BJP) President K Annamalai stated on Saturday that the safety of common citizens is not assured under the DMK rule. «Yesterday, a party leader was hacked to death. There is no guarantee for a common man's life in this DMK-led state government,» Annamalai said at the BJP's state executive committee meeting. The Tamil Nadu Chief of the Bahujan Samaj Party (BSP) was hacked to death by a mob of unidentified men near his residence in Perambur, Chennai.

Rishi Sunak suddenly called for general elections across the country. Within a matter of six weeks, the entire voting process around UK general election results 2024 happened, with the results yet to be declared. The official voting process has formally ended and the first wave of results will start coming 11.30pm onwards.

Dmitry Medvedev said that the US believed it had won the cold war but in reality, had failed to do so. Further, he said that the US is now one step away from losing it completely. In the past, he has threatened Russia’s opponents that the county will use its nuclear arsenal. He was largely seen as liberal in the western circles in comparison to President Vladimir Putin, but his stance changed after the onset of the Russia-Ukraine war. He is presently the deputy chair of Russia’s Security Council. This has been reported by the Business Insider.