Security Financial News

The central government is likely to announce the interest rates of Public Provident Fund (PPF), Senior Citizen Savings Schemes (SCSS), National Savings Certificate (NSC), Sukanya Samriddhi Yojana (SSY), Post Office Monthly Income Scheme (POMIS) and other small savings schemes for the July-September quarter 2024 by June 30, 2024.

In a stock exchange notice today (25 May), the board said it intends to amend its investment policy so that allocations to real estate can be reduced in favour of other real assets categories, such as infrastructure, transport and mezzanine debt. To do so, the trust has proposed raising the current investment restriction from a maximum of 20%, to a maximum of 30% of its gross asset value in any single private fund, and otherwise no more than 20% of its gross asset value in securities, or other interests, of any single company or other entity.  JPM Global Core Real Assets trims listed ...

Roshan Agarwal highlighted the risks associated with Futures and Options (F&O) trading in India, which has seen a significant increase in trading volume in recent years. Agarwal shared the case of a third-year BTech student who had incurred substantial losses through F&O trading, a situation that came to light during the filing of the student's Income Tax Return (ITR). Agarwal disclosed that the student had no income but had suffered a loss of 26 lakhs in F&O trading this year, following a Rs 20 lakh loss the previous year. Despite Agarwal's efforts to dissuade the student from pursuing quick income through F&O trading, the student returned with even bigger losses, according to the post. The student admitted to being addicted to trading, borrowing money from banks, friends, and even taking funds from his parents' accounts without their knowledge to finance his trading activities, the CA said. Agarwal's post highlighted the role of influencers on social media platforms like Instagram and Telegram, who promote unrealistic dreams of quick riches, enticing naive individuals into risky trading without understanding its complexities. Many netizens were astonished by the extent of the student's losses and questioned how he managed to secure such funds without his parents' awareness.

Multibagger stock: MosChip Technologies' share price has experienced a remarkable surge over the past month. This IT stock has catapulted from approximately ₹136 to ₹295 per share, delivering a staggering 115 percent return to its positional shareholders.

HDFC Mutual Fund has launched HDFC NIFTY100 Low Volatility 30 Index Fund, a passively managed fund that aims to track the NIFTY100 Low Volatility 30 Total Returns Index. The new fund offering or NFO is open for subscription and will close on July 5. The scheme will re-open for continuous sale and repurchase within five business days from the date of allotment of units under NFO. The investment objective of the scheme is to generate returns that are commensurate (before fees and expenses) with the performance of the NIFTY100 Low Volatility 30 Index (TRI), subject to tracking error.

INDIA bloc on Tuesday fielded Congress leader K Suresh as its candidate for the Speaker's position against Om Birla. Congress leader K C Venugopal and DMK's T R Baalu walked out of Defence Minister Rajnath Singh's office, refusing to endorse NDA candidate Birla without being offered the Deputy Speaker's position. Three sets of nominations were filed in support of Suresh, a Dalit leader and eight-term MP. Suresh, born on June 4, 1962, in Kodikunnil, Thiruvananthapuram, Kerala, is a notable figure in Indian politics. Affiliated with the Indian National Congress, he has served as a Member of Parliament (MP) for seven consecutive terms.

bad loan aggregator, National Asset Reconstruction Co (NARCL), has received four expressions of interest in response to its call for a second round of bidding to take over the debt of Sion Panvel Tollways, people familiar with the matter said. The second round for the project that links Mumbai with its southeastern suburbs and Pune was called in May after the earlier three bids were rejected by NARCL due to their low value. This is the first move by NARCL to recover bad debt since it started operations in January 2022.

YSRCP central office at Tadepalli in Andhra Pradesh recently, several district offices of the party have started receiving notices on the legitimacy of their construction. The opposition party shared a notice it received in the intervening night of Monday and Tuesday about the legitimacy of its Vizianagaram district office from the local civic body. «You are hereby directed to stop the unauthorized construction work and submit a reply to this notice within seven days from the date of receipt of this notice in writing by you/your authorised agent,» said the notice. In the event of no reply, the Vizianagaram Municipal Corporation warned that «it will be treated as a continuous and intentional offence and further action will be taken as per provisions laid down under Section 452 (1) and 461 (1) of APMC Act, 1955».

Vietnamese automaker VinFast has a big problem: It just can’t sell enough cars

U.S. Ambassador Ken Salazar praised Mexico’s effort protect U.S. agricultural inspectors in the conflict-ridden state of Michoacan on Monday, a week after the U.S. suspended avocado and mango inspections following an attack on inspectors

Air Chief Marshal VR Chaudhari on Tuesday emphasised the critical need for India to invest in the modernisation of its armed forces amidst evolving security challenges. He was addressing the Capstone Seminar organised jointly by the Indian Air Force, the College of Air Warfare, and the Centre for Air Power Studies. Air Chief Marshal Chaudhari also underscored India's strategic culture and its relevance in facing current security challenges.

Economic Times reported how this oversight also led to additional interest and penalties due to the supposed non-payment.Dr. Bhalla’s creditworthiness was severely affected by the incident, hampering his access to credit. He pursued legal recourse and successfully resolved the case.

The White House has decided to rehire cybersecurity expert Carole House, signaling the Biden Administration’s renewed interest in crypto policy. House earlier played a pivotal role in advising Joe Biden on his 2022 executive order focused on cryptocurrencies.

Quant Mutual Fund is currently under investigation by the Securities and Exchange Board of India (SEBI) for suspected front-running. This illegal practice involves fund managers placing their own orders before executing large trades to profit from the anticipated price movement.

In recent years, with the steady growth of financial literacy and access to financial markets, mutual funds (MFs) have become an incredibly popular option for Indian investors. They often serve as the preferred avenue of investment for individuals seeking to grow their wealth. In fact, according to the Association of Mutual Funds in India, on April 30, 2024, the Assets Under Management (AUM) of the Indian Mutual Fund Industry stood at a monumental ₹57.26 trillion. With the AUM only standing at ₹9.45 trillion on the same date in 2014, we can see that growth during the past decade has been extraordinary.

If you think airports are crowded this summer, it's not your imagination

The United Nations chief has launched global principles to combat online hate and lies and demanded that big tech companies use their power to reduce the harm they are doing to people and societies around the world

Car dealerships across North America are still wrestling with disruptions that started last week

Lxme, a financial platform exclusively for women, has secured $1.2 million in seed funding, in a round led by Kalaari Capital through its CXXO initiative, which supports ventures led by women entrepreneurs. Notable investors participating in the round include Yash Kela, founder and chief investment officer of Singularity Ventures; Amaya Ventures; Capri Holdings; and Aditi Kothari, vice chairperson of DSP Asset Managers, among others.

Julian Assange, founder of WikiLeaks, has agreed to plead guilty to a felony charge in a deal with the US Justice Department, according to court documents filed on Monday night. This plea deal aims to resolve a protracted legal battle involving multiple countries over the release of classified information. Assange will plead guilty to conspiring to unlawfully obtain and disseminate classified national defense information under the Espionage Act.

F&O ban list: The National Stock Exchange (NSE) has banned trading ineight stocks on Tuesday, June25, 2024, in the futures and options (F&O) segment due to their exceeding 95% of the market-wide position limit (MWPL).However, these stocks will be available for trading in the cash market.The NSE updates the list of securities in the F&O ban for trade every day.F&O ban list todayBalrampur Chini Mills,Chambal Fertilisers and Chemicals,GNFC,Granules India, Indus Towers, Piramal Enterprises, PNB, and SAIL are the8stocks on the NSE's F&O ban list for June25.The National Stock Exchange (NSE) said the derivative contracts in the mentioned securities have crossed 95% of the market-wide position limit and have been placed in the stock exchange's ban period.“It is hereby informed that all clients/members shall trade in the derivative contracts of said security only to decrease their positions through offsetting positions. Any increase in open positions shall attract appropriate penal and disciplinary action," the NSE statement said.No new positions are allowed when the stock exchanges place F&O contracts in a particular stock during the F&O ban period.On June 24, equity benchmarks Sensex and Nifty closed higher on Monday as buying in power, auto and industrial stocks helped the indices rebound from early lows amid a bearish trend in global equity markets.The 30-share BSE Sensex ended 131.18 points, or 0.17 per cent, higher at 77,341.08.