Security Financial News

Rescuers assisted by divers from Nepal's security forces on Saturday resumed the search for over 50 people, including seven Indians, still missing after two passenger buses were swept away by a mudslide into a rain-swollen river in the Himalayan nation. The two buses carrying 54 passengers went missing in the Trishuli River in the landslides at the Simaltal area along the Narayanghat-Mugling road in Chitwan district. Earlier, it was reported that there were more than 60 people on board the two buses. The Nepali Army, Nepal Police and armed police personnel along with deep divers are being mobilised to resume the search operation, according to the Nepal Police.

blockchain researchers TRM Labs said on Friday. Hackers had stolen more than $1.38 billion worth of crypto by June 24, 2024, compared with $657 million in the same period in 2023, TRM Labs said in a report.

Apple is reportedly revisiting its plans to produce iPads in India and is actively seeking a local manufacturing partner.According to sources cited by Moneycontrol, Apple's earlier collaboration with China-based BYD for iPad production was halted due to geopolitical restrictions. Now, Apple is resuming its efforts and may soon secure an Indian partner to kickstart iPad manufacturing.

Edelweiss Financial Services opened a fresh public issue of bonds or Secured Redeemable Non-Convertible Debentures (NCDs) with value of Rs. 100 crores and a green shoe option of Rs. 100 crores, aggregating to a total of Rs. 200 crores. The issue will open on July 8 and close on July 22. It would be issued at a face value of Rs 1,000 each for an amount up to Rs 100 crores. The bonds are rated A+/watch negative by Crisil. A negative Credit watch means the rating may be lowered.

MUMBAI : Brokerages are fielding increasing demand from clients for a margin trading facility to invest in stocks, possibly triggered by the market regulator’s recent spate of regulatory tweaks aimed at tempering the retail investor frenzy in the futures and options segment. Margin trading facility, or MTF, is considered safer, offers higher leverage, and includes a broader range of stocks.

Joe Biden on Tuesday announced a historic donation of air-defence equipment for Ukraine and said Russia is failing in this war. Welcoming leaders of NATO member countries for the historic summit on the occasion of its 75th anniversary, Biden said the United States, Germany, the Netherlands, Romania and Italy will provide Ukraine with the equipment for five additional strategic air-defence systems. In the coming months, the US and its partners intend to provide Ukraine with dozens of additional tactical air-defence systems, he said, adding that the US will make sure that when «we export critical air-defence interceptors, Ukraine goes to the front of the line». «They will get this assistance before anyone else gets it. All told, Ukraine will receive hundreds of additional interceptors over the next year, helping protect Ukrainian cities against Russian missile and Ukrainian troops facing air attacks on their front lines,» Biden said.

regulator has issued a show cause notice to Religare Enterprises subsidiary, Care Health Insurance (Care), in relation to the grant of stock options to Rashmi Saluja, the Religare chairperson, said sources aware of the development. The board of Religare, which in turn owns Care, and the promoter family of Dabur are locked in a protracted battle over the control of Religare. The Burman family made an open offer to minority investors of Religare and has accused the board of giving Saluja stock options in alleged violation of rules. In the show cause notice, which was issued last month, the regulator has alleged Care failed to comply with the directions of the Insurance and Regulatory Development Authority of India (IRDAI), sources added.

InterGlobe Aviation Ltd. traded 1.15 per cent up at Rs 4268.95 at around 10:25AM (IST) on Tuesday. The stock had closed at Rs 4220.05 in the previous session. Equity benchmark Sensex traded 26.27 points higher at 79502.46 around the same time.

financial services major Capital Group, and asset management companies T Rowe Price, Fidelity and Vanguard have all acquired stakes in PB Fintech, which runs insurance marketplace Policybazaar and credit marketplace Paisabazaar, people in the know said. “Capital Group through various of its investment vehicles now owns around 10% in the company,” said a person with knowledge of the matter.

Army personnel was injured when terrorists opened fire on a security post in a village in Rajouri district of Jammu and Kashmir early Sunday, officials said. The terrorists fired on a sentry post of Territorial Army at village Galuthi in Manjakote area around 4 am, prompting retaliation by troops, they said.

Especially for 365-day plans priced between ₹2,545 and ₹3,099, Bharti Airtel, Reliance Jio and Vodafone Idea (Vi) are running in-app promotions for customers to save by recharging early. «Clearly, there has been a substantial spike in daily volume of recharges for all spectrums of validity and all three telecom companies are advertising through in-app promotions, the offline retail network as well as payment aggregators,» a telecom company executive said. Paytm, the largest mobile recharge medium for telcos beyond their own apps, said it has seen a 15-20% increase in daily recharges on its platform. «There is also an increased preference for long-term plans,» a spokesperson said.

Hezbollah, has been using some low-tech strategies to try to evade its foe's sophisticated surveillance technology, informed sources told Reuters. It has also been using its own tech — drones — to study and attack Israel's intelligence gathering capabilities in what Hezbollah's leader, Sayyed Hassan Nasrallah, has described as a strategy of «blinding» Israel. The sides have been trading fire since Hezbollah's Palestinian ally in the Gaza Strip, Hamas, went to war with Israel in October. While the fighting on Lebanon's southern border has remained relatively contained, stepped-up attacks in recent weeks have intensified concern it could spiral into a full-scale war.

Ukrainian President Volodymyr Zelenskyy says he expects the upcoming NATO summit to provide specific steps to strengthen his country’s air defenses against Russia

expert panel of the Securities and Exchange Board of India (Sebi) will meet early next week to discuss various measures to lower risks in the equity derivatives market, said two people familiar with the development. «The only agenda of the secondary market advisory committee which is meeting on July 15, is to discuss these short-term measures for F&O segment,» said one of the persons. A working group headed by former RBI executive director G Padmanabhan has discussed various proposals including limiting weekly options, increasing lot sizes of F&O contracts, enhancing margin requirements, upfront collection of option premium from buyers of options, and intra-day monitoring of position limits, the person said.

French opposition parties are making hurried deals to try to block a landslide victory for Marine Le Pen’s far-right National Rally in Sunday’s second round of legislative elections

finfluencers by prohibiting any association, monetary or non-monetary, between Sebi-registered intermediaries/regulated entities and unregistered entities (including finfluencers). Now, these rules have come into force. Here’s what the new rule states: ‘The persons regulated by the Board and agents of such persons shall not have any association, like any transaction involving money or money’s worth, referral of a client, interaction of information technology systems or any other association of similar nature or character, directly or indirectly, with any other person who, directly or indirectly, provides advice or recommendation or makes any implicit or explicit claim of return or performance, in respect of or related to security or securities, unless permitted by the Board to provide such advice/recommendation/claim.’ What does this mean in practice? It implies that anyone who gives investment advice or recommendations, even implicitly, cannot receive any money or have any association with stock brokers or trading platforms and other market participants or any Sebi-regulated entity. It precludes even incidental association with such people or entities.

Bajaj Finance, Citi has initiated coverage on Indegene and maintained a sell rating on Gujarat Gas, Jefferies has maintained a buy rating on Sun Pharma, and Kotak Securities has upgraded Lupin to add from sell. We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

text-to-speech generator reaches «human parity,» it means that it either meets or surpasses human-like norms. It replaces the VALL-E system that was first announced in January 2023, as per the reports of The U.S. Sun. In just a few seconds of audio input, VALL-E 2 can learn to mimic voices, according to Microsoft Research developers. It uses zero-shot learning, which enables it to comprehend and replicate ideas without the need of prior examples. The technology does a great job of intuitively generating both simple and complicated sentences.

Markets regulator Sebi on Tuesday mandated email as a default mode of dispatch of 'Consolidated Account Statement', which provides an account of securities traded by an investor, by depositories and Mutual Fund-Registrar and Transfer Agents (MF-RTAs). The new framework will come into force from April 1, the Securities and Exchange Board of India (Sebi) said in a circular. A Consolidated Account Statement (CAS) is a single or combined account statement which shows the details of financial transactions made by an investor during a month across all mutual funds and also other securities held in dematerialised (demat) mode.

Sebi on Monday proposed a relaxed regulatory framework for the passively managed mutual fund (MF) schemes in a bid to reduce compliance requirements. Considering the lesser risk inherent in managing passively managed MF schemes, the proposed MF Lite intends to reduce the compliance requirement, foster innovation, encourage competition and promote ease of entry for the MFs interested in launching only passive schemes, Sebi said in its consultation paper. Passively managed MF schemes replicate an underlying index such as ETFs and index funds where portfolios of index funds can be easily tracked. Active fund schemes requires expert fund managers who define investment philosophy and select securities. The present regulatory framework for MFs is however uniformly applicable for all MF schemes and does not differentiate regarding the applicability of provisions relating to entry barriers — net worth, track record, profitability — and other compliance requirements for entities who may be desirous of launching only passive funds.

Cosmoverse is back with its fourth annual conference in Dubai this year. Building on three successful years, Cosmoverse continues to showcase the thriving Cosmos-SDK ecosystem and its potential to cultivate a multichain future for greater global collaboration.