Security Financial News

Mumbai/New Delhi: Millions of students vying for coveted colleges and courses makes India's vast education sector a prime target for cybercrime, experts said, at a time authorities have pointed to leaked question papers appearing in the so-called dark net. Besides, data of innumerable students may also be vulnerable to unauthorized access and misuse. Amid widespread student protests over the past two weeks, the government has raced to withdraw grace marks in the pre-medical entrance exam for MBBS and related courses, cancelled an exam for junior research fellowships at universities, and postponed another exam to admit students to post-graduate medical courses.

Jaime Villa, the former head of macro research at hedge fund Schonfeld, has resurfaced and not at a hedge fund.

Akhila Chaganti is an Associate in the Product Management team for Securities Services in the Corporate Bank at Deutsche Bank Singapore. She graduated from the National University of Singapore with a major in Economics in 2020 and joined Deutsche Bank’s Graduate Programme a few months later. This is what a typical day looks like for her.

According to Janus Henderson Investors CEO Ali Dibadj and Matt Peron, global head of solutions, interest rates will likely remain higher than their pre-pandemic level for quite some time. ECB cuts interest rates for the first time since 2019 This means that companies will be forced to «work harder to compete for investor capital», and some will be more successful than others in doing so. As a result, the onus will fall on investors to take a «more rigorous approach» to security selection, they argued, with the spotlight being on deep industry knowledge. Dibadj and Peron called o...

PlayDoge ($PLAY) , a play-to-earn (P2E) meme coin, is off to a rocking start, bursting past the $5 million milestone in its presale.

Quant Mutual Fund Sebi news: India's fastest-growing mutual fund is currently under investigation by the Securities and Exchange Board of India (Sebi) for suspected front-running, an illegal practice wherein fund managers place their own orders before executing large trades to profit from the anticipated price movement. 

The freeware Polygon Chain Development Kit (CDK) enables simple building and implementation of Ethereum Layer 2 networks based on Zero-knowledge (ZK) technology. Supernet idea is continued and existing Layer 1 networks are helped to move to Layer 2.

Base Dawgz ($DAWGZ) is on the verge of another major milestone, having raised $1.9 million in its presale and rapidly closing in on the $2 million mark in its initial coin offering (ICO).

Lithium block, Katghora, and Rare Earth Element (REE) Block of Chhattisgarh with an FPO of 76.05% to Maiki South Mining Private Limited. India relies heavily on imports to meet its requirement for critical minerals like Lithium, Niobium and Rare Earth Elements (REE). These minerals find application in new-age technologies like electric vehicles, pharmaceuticals, and defence manufacturing.

June hasn't been kind to bitcoin: The price of the cryptocurrency briefly slipped below the $60,000 level Monday after it looked like it could surpass the previous all-time high of more than $73,000 earlier in the month.

tax rebate for salaried class and restoration of the old pension scheme are some of the key demands made by trade union leaders during a pre-budget meeting with Finance Minister Nirmala Sitharaman on Monday. The unions also asked the government to stop the privatisation drive of PSUs, scrap the new pension scheme and restore the old pension scheme (OPS). «The ceiling limit for the income tax rebate for the salaried class on their salary and gratuity must be substantially raised. Government-sponsored social security fund for the unorganised workers and agricultural workers has to be set up to provide them with defined universal social security schemes including minimum pension of Rs 9,000 per month and other medical, educational benefits,» the CTUs said in their memorandum.

demerger of existing automotive businesses into two listed entities will help in securing synergies across its PV and JLR verticals in areas of EVs and autonomous vehicles, Tata Motors Chairman N Chandrasekaran said on Monday. Speaking at the auto major's 79th AGM, he noted that the initiative will lead each company to deliver a superior experience for customers, better growth prospects for employees and enhanced value for shareholders. «This (demerger) will also help secure the considerable synergies across PV, EV and JLR particularly in the areas of EVs, autonomous vehicles, and vehicle software,» Chandrasekaran said. In March this year, Tata Motors announced the demerger of its commercial and passenger vehicle segments into two separate listed entities to better capitalise on growth opportunities.

Yogi Adityanath on Monday said there is a need for changes in building byelaws in the state. While talking about the development of the hotel industry at a meeting with senior officials of the housing department, Adityanath said it is the result of efforts to encourage the tourism potential that today the state has emerged as the first choice of tourists. The maximum number of tourists from the country come to Uttar Pradesh. Such positive circumstances have given rise to immense possibilities for the hotel industry, the chief minister said according to a statement issued here. «To encourage the hotel industry, we need to make changes in our building byelaws,» he added.

Quant Mutual Fund, which finds itself in the thick of a controversy regarding alleged front-running, is one of India's fastest growing asset managers and has seen its assets under management (AUM) grow by 251% over the last one year versus industry growth of 53%. The schemes of this fund house have not just outperformed their benchmarks but have also given superior returns over their peers in different categories. Quant Mutual Funds’ total assets under management from all schemes at the end of May 2024 stood at Rs 84,030 crore, up from Rs 23,956 crore as on May 31, 2023. It was at just Rs 225 crore in May 2019. This is a staggering 37,246% jump in five years. Meanwhile, the net AUM of equity oriented schemes as on May 31, 2024 for the industry stood at Rs 25.39 lakh crore this May versus Rs 16.56 lakh crore in the same month of the previous year. It was at Rs 7.24 lakh crore as on May 31, 2019. The industry AUM growth has been 250% in the said period.

Biju Janata Dal (BJD) has decided to renew its push for Special Category Status for Odisha, reported ANI. This decision came after a meeting of the party, chaired by BJD president Naveen Patnaik, and attended by all nine of the party's Rajya Sabha MPs. During the meeting, discussions centered around the long-standing demand for Special Category Status, which has been a critical issue for Odisha. The designation is sought to secure more financial assistance from the central government, which could significantly aid the state's development. BJD President Naveen Patnaik has been emphasising the importance of this status for Odisha's growth.

Darshan Thoogudeepa is Prisoner No. 6106. Darshan’s descent from one of the titans of Sandalwood to becoming a criminal who engineered the cold-blooded murder of a fan. The Majestic star, also known as ‘D Boss’ in Sandalwood, is now behind bars for murdering a 33-year-old youth named Renuka Swamy. Through detailed interrogation, the police uncovered the involvement of Darshan, leading to his arrest on June 11, along with 14 others, including his girlfriend Pavithra Gowda. As the investigation continues, Darshan now finds himself living as prisoner number 6106, marking a dramatic descent from superstardom to imprisonment. Here’s a timeline of the case.

Security researchers have successfully cracked the password to recover over $3 million worth of Bitcoin that had been trapped in a crypto wallet for 11 years.

Economist Peter Morici breaks down what the national debt is, why it ballooned to more than $34 trillion and what it means for Americans.

Udhampur and Rajouri districts here following reports of suspicious movement, officials said. There were reports of suspicious movement in the Karlah area of Patnitop prompting police and security forces to launch a search operation in the vast forest belts, they said. Security has been tightened at the famous Patnitop tourist resort. The operation was still underway when reports last came from the area, they said. Security forces and police launched search operations in the Jata area of Kalakote, and Devak and Triyath in Sunderbani area following suspicious movements, they said

The recent backlash faced by the financial services platform Groww serves as a stark reminder of the potential risks associated with digital investment platforms.

According to the provisional payroll data released by the Employees' Provident Fund Organisation (EPFO) in June 2024, April 2024 saw 8.87 lakh new members registering. This surge indicates a notable rise in membership compared to earlier months, suggesting a positive trend in job opportunities.