Security Financial News
03.06 / 02:55
markets
Gap
security
Analysis
Election
rights
International
Thematic focus on infra, renewables and real estate likely to continue: Harsh Gupta Madhusudan
«The recent pressure on the benchmark indices this week isn't primarily due to concerns about the election results. There's a broad consensus that the BJP will secure a simple majority. The debate is more about the exact number of seats,» says Harsh Gupta Madhusudan, NSE International Exchange. First of all, how are you viewing the election outcome? What are your predictions or analysis on this? There is some pressure on the benchmark indices and broader markets ahead of the election. Could this pressure intensify post-earnings given the lack of support from FIIs? What are your expectations from the election outcome? The recent pressure on the benchmark indices this week isn't primarily due to concerns about the election results. There's a broad consensus that the BJP will secure a simple majority. The debate is more about the exact number of seats. The final outcome will be known on June 4th. The recent market dip is more related to broader Asia selling off as US yields hit 4.6% on the 10-year, and the dollar index reached 105, although it moderated slightly when the US first quarter GDP annualized came in at 1.3% instead of 1.6%. This was more about US macroeconomic factors driving an Asia equity selloff rather than concerns about the Indian election results, as seen in the Nifty and Sensex over the past few days.
03.06 / 02:55
security
SPY
track
information
Updates
Investigations
China says Britain's MI6 turned two Chinese govt staff to spies
British Secret Intelligence Service MI6 turned two staff members of unnamed Chinese central state organs into spies for the British government, its State Security Ministry said in a statement on Monday.
03.06 / 02:41
Fighting
security
Southern
Death
War
Department
NOT
Netanyahu aide: Joe Biden's Gaza plan 'not a good dead' but Israel accepts it
Israel seeks a 'governing alternative' to Hamas in Gaza. It's been tried and failed beforeIn the call with Gantz, Blinken "emphasized that Hamas should take the deal without delay," the department said in a statement.In a separate statement, the State Department said that in the call with Gallant, Blinken "commended Israel’s readiness to conclude a deal" and "underscored that the proposal would advance Israel’s long-term security interests, including by enabling the possibility of further integration in the region." Biden, whose initial lockstep support for Israel's offensive has given way to open censure of the operation's high civilian death toll, on Friday aired what he described as a three-phase plan submitted by the Netanyahu government to end the war.The first phase entails a truce and the return of some hostages held by Hamas, after which the sides would negotiate on an open-ended cessation of hostilities for a second phase in which remaining live captives would go free, Biden said.
03.06 / 02:41
Provident
FIVE
security
Software
Research
IBM
HCL’s software products business falls short of profitability expectations
BENGALURU : HCL Technologies Ltd’s bet on software products has not yielded profitability of the kind its management expected, five years after the Noida-based company purchased eight software products from IBM. The business unit saw a 680-basis point decline in operating margins from FY20 to FY24, despite a $271-million increase in revenue in the same period.
03.06 / 01:33
markets
security
Remark
Mint Quick Edit | Will Narendra Modi make history?
Going by exit polls, Prime Minister Narendra Modi seems set to secure a third term. Most polls give his Bharatiya Janata Party (BJP) more than 325 seats in the next Lok Sabha and the National Democratic Alliance (NDA), which it leads, about 375, with the opposition placed at 150-odd seats.
03.06 / 01:03
UPS
security
cover
consequences
recommendations
Effective steps to repay your personal loan
—Name withheld on requestPersonal and credit card loans are the worst financial mistakes that one can undertake, especially if the loan is used for buying depreciating assets or on discerning expenses like holidays and/or luxury goods.At the age of 29, it is imperative that you ensure that your monthly income leads to some financial savings that help in liquidity management and avoid paying hefty interest expenses.As a thumb rule, we recommend at least 20% savings in financial instruments and not more than 50% of equated monthly instalments (EMIs).At an income of ₹59,000 and a personal loan of ₹3.6 lakh, my suggestions would be as follows:1) I would strongly recommend that you start setting aside at least ₹4,000 a month, and if possible more, for repaying the personal loan.2) If you have any large non-equity investments like bonds or fixed deposits, it is wise to immediately sell those and pay off the loan as the returns from non-equity investments would surely be much lower.3) Additional inflows and bonuses should go towards paying off the loan as most investment investments like equities generate volatile returns and pre-tax, while this is a certain and a post-tax outflow.
02.06 / 22:03
UPS
Target
security
Indus
track
Updates
Avail
Vodafone Idea must clear Indus Towers dues to avail tower company's new services: Sunil Mittal
Vodafone Idea (Vi) should clear all of Indus Towers' past dues, else the struggling telco won't be allowed to use the tower company's infrastructure for any new services such as 5G, Bharti Airtel chairman Sunil Mittal said. Airtel is the largest stakeholder in Indus Towers, with around 48% stake.
02.06 / 18:31
COST
security
performer
track
testing
Department
Updates
Customers
Telecom gear makers seek 2-year extension for security testing of customers' WiFi
Telecom gear makers have pushed back on the July 1 deadline for mandatory security testing of WiFi customer premises equipment (CPE) and IP routers, demanding an extension of a minimum of two years and requesting the government to keep security certification on a voluntary basis for now.
02.06 / 18:25
Citi
Racing
security
Election
President
social
Mexico votes in an election likely to choose the country’s first female president
expanded social programs but largely failed to reduce cartel violence in Mexico. His Morena party currently holds 23 of the 32 governorships and a simple majority of seats in both houses of Congress. Mexico’s constitution prohibits the president’s reelection.
02.06 / 17:59
UPS
security
Coronavirus
country
medicines
Pharmaceuticals
Pill for China plus one
China for all manner of things, most crucially, medical supplies. That it was also China where the coronavirus originated made for macabre irony as Beijing tried to use the people's suffering for geopolitical gains. World leaders recognised that the scale of reliance — fatal attraction, rather — was a national security threat. They devised a new lexicon to stay awake. 'De-risking', 'China plus one', 'friendshoring', 'resilient supply chains', 'trusted partners' and 'reliable geographies' became buzzwords. While progress was made to deny China the edge in semiconductors and critical minerals, focus on health security has been sporadic. Both the US and India acknowledge that pharma supply chains are too concentrated in one country and the need for diversification is urgent. But little has been done to address the issue. A partnership on health security similar to the one forged on critical and emerging technologies could be an idea. Good thing is the building blocks are already in place.
02.06 / 16:51
Extreme
security
Discover
Simulation
country
song
rights
North Korea says it will stop sending trash balloons as South Korea vows strong retaliation
North Korea with "unbearable" retaliatory steps over its balloon activities and other recent provocations.Observers say South Korea will likely restart front-line loudspeaker broadcasts into North Korea that include criticism of its abysmal human rights situation, world news and K-pop songs. North Korea is extremely sensitive to such broadcasts because most of its 26 million people have no official access to foreign TV and radio programs.It wasn’t immediately unclear if South Korea would move ahead with its punitive measures following North Korea’s suspension of balloon launches.On Sunday night, Kim Kang Il, a North Korean vice defense minister, said that the North will temporarily suspend its balloon activities.
02.06 / 16:21
security
Strategy
Remark
Rust
track
Updates
Double delight: Boxers Amit Panghal, Jaismine punch their way to Paris Olympics
World championships silver medallist boxer Amit Panghal's (51kg) remarkable comeback to the national team culminated in an Olympic berth while Jaismine Lamboria reclaimed the women's 57kg quota for India at the 2nd World Qualification Tournament here on Sunday. Panghal, India's lone world championships silver medallist, notched a hard-fought 5-0 win over China's Chuang Liu in the 51kg quarterfinals to punch a ticket to his second Olympic Games.
02.06 / 16:21
Action
security
Election
wellness
prevention
guidelines
Congress, INDIA bloc trying to undermine electoral process, alleges BJP; urges EC to take action
Congress and other INDIA bloc constituents as well as certain civil society groups are trying to undermine the integrity of India's electoral process, the BJP alleged on Sunday and urged the Election Commission to prevent any attempts of «violence and unrest» during counting of Lok Sabha poll votes on June 4. The poll panel was also urged by a BJP delegation comprising Union ministers Nirmala Sitharaman and Piyush Goyal to take cognisance of the «systematic attempts» being made to undermine the process and initiate stringent action against those responsible.
02.06 / 13:51
Citi
security
Strategy
Election
trends
Colleges
Interviews
Can BJP's Madhavi Latha defeat Asaduddin Owaisi in a big Lok Sabha election 2024 upset? Exit poll results offer a clue
Madhavi Latha has become a trending topic on social media today following exit polls that indicate a tight race between the BJP leader and four-time MP Asaduddin Owaisi in the Hyderabad constituency. Exit polls on Saturday have forecast a close contest between the Congress and the BJP in Telangana for the Lok Sabha elections, with the Bharat Rashtra Samithi (BRS) expected to incur significant losses. According to Today's Chanakya, the BJP is projected to win 12 ± 2 seats in Telangana, Congress 5 ± 2 seats, with BRS and others getting 0-1 seats each. Similarly, Axis My India predicts the National Democratic Alliance (NDA) securing 11-12 seats in Telangana, BRS 0-1 seats, Congress 4-6 seats, and others 0-1 seats.
02.06 / 13:51
security
Strategy
Election
President
track
Updates
Congress bags only one of 60 assembly seats in Arunachal, accepts people's mandate
assembly polls, the results of which were declared on Sunday. Arunachal Pradesh Congress Committee (APCC) president Nabam Tuki said the party was «disappointed but not demoralised» by the election results.
02.06 / 12:59
markets
security
Election
Research
trends
Diversity
recommendations
NOT
Lok Sabha Elections 2024: Investors who are not overinvested should wait, says HDFC Securities' Jasani
Also Read- Elections 2024: Diversify portfolios to mitigate risk, focus on defensivesNervousness ahead of elections, approaching end of Q4 corporate results and diversion of funds to other relative cheap markets have resulted in this sell-off ahead of the election results outcome, said Deepak Jasani, Head of Retail Research, HDFC SecuritiesNifty quotes at ~21.5 times FY25estimated earnings per share and going by historical trends is currently at the top end of the valuation. Also going by the Market-cap to GDP ratio, Indian markets are at 1.4 times.
02.06 / 12:59
security
Dreams
Instagram
War
donates
SOLIDARITY
Bella, Gigi Hadid donate $1 million for Palestinians amid war, say ‘responsibility I hold….'
Palestine cause. The supermodels regularly share pictures of the humanitarian crisis in Gaza, and made it clear that they don't have any ill feelings towards the Jewish people.
02.06 / 12:11
security
President
RAI
track
Updates
Lotus fails to bloom in Sikkim
BJP contested in 31 assembly seats but failed to win a single one in Sikkim where it had 12 members in the outgoing House. The results of the Sikkim Assembly were announced on Sunday with the Sikkim Krantikari Morcha returning to power by winning 31 of the 32 seats.
02.06 / 12:09
markets
DOW
Action
security
Election
Trade
show
Ahead of Market: 10 things that will decide D-St action on Monday
The NSE Nifty 50 concluded with a 0.2% increase at 22,531 points, while the S&P BSE Sensex saw a 0.1% gain, closing at 73,961. Initially, both benchmarks surged as much as 0.7% in early trade before retracing gains. Over the week, they posted a 1.9% decline.
02.06 / 12:01
markets
UPS
security
Election
performer
FIIs to make $16 billion if market goes up 2% on Monday: Samir Arora
Why did FPIs dump ₹25,586 crore worth of Indian shares in May—Explained with 4 key reasonsArora further added that the FII category does not get squeezed generally. “FII as a category does not get squeezed- except some individual fund here or there (which happens all the time)," he said.The sentiments of foreign investors have been impacted by the volatility stemming from the Lok Sabha elections in 2024, a more aggressive stance taken by global central banks, the strong performance of Chinese markets, and various other global indicators.FPIs divested Indian equities valued at ₹25,586 crore, with a total outflow reaching ₹12,911 crore by May 31, encompassing debt, hybrid, debt-VRR, and equities, as per data from the National Securities Depository Ltd (NSDL).
02.06 / 11:41
Progressive
security
Election
PM Modi thanks Arunachal Pradesh for choosing BJP, congratulates SKM's Prem Singh Tamang in Sikkim
ALSO READ: Assembly Election Results 2024 Live UpdatesPM Modi took to X (formerly Twitter) and wrote, "Thank you Arunachal Pradesh! The people of this wonderful state have given an unequivocal mandate to politics of development. My gratitude to them for reposing their faith in @BJP4Arunachal yet again. Our Party will keep working with even greater vigour for the state’s growth."He also added, "I would like to appreciate the hardwork of the exceptional @BJP4Arunachal Karyakartas through the election campaign.
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