Security Financial News

Two Citgo oil executives detained for nearly five years in Venezuela have sued their former employer for more than $400 million

Equity markets remained under pressure for the fifth consecutive day as the selloff mood continued ahead of the exit poll data and mega election verdict. «Global markets remained under pressure due to rising bond yields and denting hopes of rate cut. We expect market volatility to heighten as we approach the general election outcome,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.

Jio Financial Services (JFSL) has launched a new app named Jio Finance which is poised to compete with other major fintech applications. The app is currently in a beta testing stage and will be fine tuned after user feedback, the company said in a filing to the stock exchanges on Thursday. Jio Finance will offer UPI payments, bill payments, insurance advisory and digital banking. Eventually Jio Financial Services will offer credit products like loans against mutual funds, home loans and others to its customers through the app.

Angel One, the Mumbai-based stock broking major, is looking to create a holding company and structure its multiple businesses like credit, asset management and wealth management as the subsidiary entities, two people in the know said. Currently the businesses are held by Angel Broking, which owns a stockbroker licence from the Securities and Exchange Board of India, the people said.

Alex Labs, a Bitcoin layer-2 (L2) developer, announced a detailed recovery roadmap and enhanced security measures on May 29 in response to a recent breach.

A former railroad worker whose financial advisor invested heavily in high-risk, illiquid alternative investments and equity indexed annuities this week won a $1.2 million arbitration claim decided by a three-person panel under the aegis of Finra Dispute Resolution Services, according to the award.

Discount retailer Dollar Tree is planning to reopen some 99 Cents Only stores that have closed, rebranding them and filling them with their own products

Uncertainty looms over the Uniswap (UNI) price chart due to the crypto’s recent battle with regulatory bodies, and mediocre price performances taint Kaspa (KAS) value, causing investors to look for greener pastures. Amid these developments, BlockDAG (BDAG) is making unforgettable appearances in major global hotspots such as Tokyo, Las Vegas, and London, triggering an 850% price surge.

The importance of bed tables lies in their ability to transform ordinary spaces into multifunctional hubs where individuals can seamlessly transition between work, relaxation, and leisure activities without ever having to leave the comfort of their beds. In this list of the best bed tables under 300, affordability meets quality, ensuring that everyone can enjoy the benefits of a well-designed and practical bed table without exceeding their budget.

Reserve Bank of India, on behalf of the government, accepted bids that represented only a fraction of the total amount of bonds that the Centre had offered to repurchase at a scheduled auction. At Thursday’s buyback auction of government bonds, the RBI accepted bids worth Rs 5,111.29 crore versus the notified amount of Rs 40,000 crore worth of securities that the Centre had offered to repurchase, latest central bank data showed. Banks offered bids worth Rs 10,989 crore at the auction. The RBI is the government’s debt manager.

Sri Lankan government on Thursday said that four of its nationals arrested in India last week by the authorities in Gujarat for links with the Islamic State terror group have no record of being "religious extremists" but drug addicts. Speaking to reporters in the Eastern town of Ampara, Secretary of Defence Kamal Ginaratne said that the Sri Lankan authorities were also asked to check on the background of those arrested in India and accordingly after a probe it has been found that they are into drugs. «We are currently investigating them. We have found them to be severely addicted to drugs. They are not religious extremists,» Gunaratne said responding to a question. He said that the Sri Lankan authorities have arrested more of their associates but it won't be right to reveal any more details on them as the investigation is going on.

Major Radhika Sen, born in Himachal Pradesh in 1993, is set to receive the UN Military Gender Advocate of the Year Award on May 30, coinciding with the International Day of UN Peacekeepers. She is the second Indian peacekeeper to receive this award, after Major Suman Gawani, who was honored in 2019 for her service with the UN mission in South Sudan. This prestigious award, established in 2016, recognizes the dedication of individual military peacekeepers in promoting gender equality across peacekeeping missions. It aligns with the principles of UN Security Council Resolution 1325 on women, peace, and security. The awardee is chosen from candidates nominated by force commanders and heads of missions from all peace operations, according to UN peacekeeping.

Native yield layer Veda announced Thursday that its technology has been integrated to improve liquid staking project Ether.Fi’s recently launched Liquid product line.

May 30 th , Panama – Gate.io, a leading crypto exchange and Web3 innovator, has published its May 2024 Proof of Reserves (PoR) report, transparently demonstrating a reserve-deposit ratio of 115.34% and a total reserve value of $6.49 billion (USD) at the time of completion.

Losing $1.5 million is a pretty good motivator to try to effect change and one man hopes to do that with a first-to-market platform to ensure investors get what they are entitled to.

China's Commerce Ministry has announced it will restrict exports of some aviation and aerospace-related equipment and technology beginning July 1

Boeing is due to tell federal regulators how it plans to fix the safety and quality problems that have plagued its aircraft-manufacturing work in recent years

A Greek-owned and Marshall Islands-flagged bulk carrier that came under attack by Yemen’s Houthi rebels earlier this week had a cargo of grain bound for Iran

Assam Rifles have rescued about 1,000 people from flood-affected areas in Manipur, which was badly hit by incessant rains due to the cyclone Remal. In a statement, the Assam Rifles said its troops successfully carried out rescue operation in the flood-affected areas in Imphal city and provided succour to the distraught and stranded people on Tuesday. Approximately 1,000 local people were rescued from the devastating floodwaters, the statement said. The operation, carried out with precision and compassion, underscores the unwavering commitment of the security forces in safeguarding lives and communities in times of crisis, it said.

China’s property slump has weighed heavily on land sales, drying up a key source of revenue for local governments. Now, authorities are looking at an unconventional way to fill up their coffers: data monetization. The protracted property downturn has hit local governments hard, with many struggling under huge piles of debt.

Kolkata: No joy for residents of the City of Joy who seem to have been thrust into a whirlwind of anxiety and are bracing for a possible disruption in their daily lives starting this Friday. The source of their dread is the looming Lok Sabha polls on June 1 when the city and its suburbs vote and its aftermath till the results are announced on June 4. This critical period promises chaos, as a substantial portion of the workforce engaged in myriad professions across the metropolis prepares to abandon the city and return to their villages to exercise voting rights. Polling will take place in various constituencies in Kolkata and its adjacent districts of North, and South 24 Parganas in the final leg of the general elections.