Security Financial News

Gate.io’s Hong Kong entity, Gate.HK, is winding down its operations. It has also withdrawn its application for a crypto trading platform license in the region.

Sterlite Power Transmission Ltd (SPTL) on Thursday said it has received shareholders' nod to demerge its transmission business. The demerged transmission infrastructure is to be housed under Sterlite Grid 5 Ltd, and the global products and specialised EPC services will continue to remain under SPTL to pursue independent growth strategies. «Sterlite Power receives stakeholders' approval for demerger of transmission business from SPTL. The vote on the demerger proposal received 100 per cent approval from secured creditors, 99.26 per cent approval from unsecured creditors, 99.99 per cent from equity shareholders present and voting, and 100 per cent by the non-fund-based lenders,» the company said.

Often, I am asked by promoters why they are being asked to explain everything to shareholders, despite owning a majority of the company’s equity and having built it from scratch to scale. I have worked most of my professional life with Indian promoters, and I find that their ability to take investment decisions on a long-term view of a business or industry cycle is unparalleled.

CERT-In's latest advisory (CIVN-2024-0170) include a heap buffer overflow in ANGLE and Dawn, use after free in Scheduling, and type confusion in V8. The heap buffer overflow occurs when a program attempts to write more data to a specific memory area than allocated, potentially leading to crashes or unauthorised code execution.

₹268.61 crore through an anchor book process, where 32 investors took part in the anchor book offering, on Tuesday, May 21.Awfis Space Solutions Ltd offers a broad range of flexible workspace solutions for start-ups, small and medium-sized businesses, large organisations, and multinational corporations, from individual flexible desk needs to customised office spaces.Also Read: Awfis Space IPO oversubscribed on Day 2, with retail, NIIs support. Check GMP, subscription status, more.

Mint.The transaction value reportedly ranged between $250 million and $270 million, the persons said.Around 41.3 million shares changed hands on the National Stock Exchange, according to Bloomberg.The shares of the company rose as much as 6.3% intraday on Thursday, hitting their highest levels since February 2023.ICICI Securities is managing the sale process.This divestment follows Apis Growth's previous sale of 10 million shares of Star Health for ₹553 crore in March 2024.As of 31 March, Apis Growth held a 2.61% stake, while MIO Star and MIO IV Star (both linked to Madison Capital) held 2.21% and 2.39% stakes respectively in Star Health.The positive investor sentiment surrounding Star Health can be partly attributed to the company's strong financial performance. The company reported a 40% increase in net profit for the fourth quarter ended March, at ₹142 crore, compared to ₹102 crore in the same quarter the previous year.The company's gross written premium also witnessed a significant rise, reaching ₹4,968 crore against ₹4,199 crore in the year-ago period.

Demat account first. As you may already know, a Demat account is a dematerialised account that stores your securities in an electronic format. Furthermore, opening a Demat account is very simple these days, and you can do it from the comfort of your home, or even on the go.

₹263 crore income tax refund fraud and money laundering case. The accused, Purshottam Chavan, was arrested on May 20 following a raid on his premises in Mumbai.

Former Republican presidential candidate and biotech entrepreneur Vivek Ramaswamy has purchased a minority stake in BuzzFeed

A missile has splashed down in the waters of the Red Sea, but caused no damage to a passing commercial vessel in an attack likely carried out by Yemen’s Houthi rebels

Go Digit, the fast-growing general insurance company, listed at Rs 286 per share, translating to a 5% gain over the issue price of Rs 272. The listing fell short of expectations as the grey market trends suggested a potential gain of around 10%.

United Spirits Ltd. slipped 1.29 per cent to Rs 1171.6 in Thursday's trade. It hit a high of Rs 1195.95 and low of Rs 1166.15 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 1088.19, while the 50-DMA was at Rs 1159.53. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

«I think RBI has been building up the forex reserves which are essentially being invested in securities which are overseas sovereign securities. The bond yields generally have gone up. In US bond yields have remained in the range of about 4% to 4.5%, even up to 5% on a short-term has gone up to 5%,» says A Balasubramanian, MD & CEO, ABSL AMC. It is like a good birthday gift the economy has got. Nobody was expecting such a big fat dividend from RBI. And at least one lakh crore is something which has come as a surprise number. I mean 70,000, 80,000 crore is something which was anticipated and expected. Maybe one lakh crore was expected. But 2,10,000 crore, nobody was expecting. Why do you think Reserve Bank of India has given this dividend? I mean, what has changed on their balance sheet which has in a sense, prompted them to be so generous with the dividend payout? I think as you rightly put it, the average dividend declaration that used to happen every year somewhere in the range of about 65,000 to 80,000 crores numbers. And these are, of course, numbers, one, it came as a big surprise and second, there are reasons as well for that.

Havells India Ltd. gained 0.26 per cent to Rs 1848.1 in Thursday's trade. It hit a high of Rs 1855.25 and low of Rs 1823.2 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 1414.81, while the 50-DMA was at Rs 1594.25. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Mint takes a closer look at the rules in the UK and the US. One cannot access pension funds before the retirement age. It has to be either transferred to Qualified Recognised Overseas Pension Scheme (QROPS) in India or one can continue holding it till retirement in the UK.

INDIA bloc, comprising Congress and the Aam Aadmi Party (AAP). The national capital will vote in a single phase for all seven constituencies on May 25 in the ongoing Lok Sabha elections. Several restrictions, including a 48-hour ban on liquor sales, have been imposed, given the polling in Delhi on Saturday.

Also Read: Awfis Space Solutions IPO opens today. Check GMP, subscription status, should you subscribeThe initial public offer of co-working space operator got booked 2.03 times on the first day of bidding led by the retail portion.

Siddaramaiah writes to PM Modi to cancel Hassan MP's diplomatic passportA Special Court for Elected Representatives issued an arrest warrant on Saturday against Prajwal following an application moved by the SIT.Concurrently, Karnataka Chief Minister Siddaramaiah has also written to Prime Minister Narendra Modi, requesting him to cancel Hassan MP Revanna's passport.The Karnataka CXM said that it is shameful that Revanna fled the country on April 27, 2024, to Germany using his diplomatic passport shortly after news of his heinous actions emerged and just a few hours before the first FIR was filed against him.Prajwal Revanna case: No objection to action against grandson, says Deve Gowda"I write to you once again to draw attention to the grave series of incidents that Prajwal Revanna has been accused of committing. These incidents have not only shocked the conscience of the people of the State of Karnataka but have also caused a nationwide concern," he said.Prajwal Revanna and his father HD Revanna are facing a probe by an SIT constituted by the Karnataka government over allegations of sexual harassment and criminal intimidation following a complaint by a woman who worked in their household.HD Revanna leaves jail today on conditional bail | WatchRecently Bengaluru court granted interim bail to HD Revanna after he secured a conditional bail in the kidnapping case linked to the 'obscene video' case.The main plea bail will be heard on Friday at 3 pm.Prjawal is the grandson of former India's Prime Minister HD Deve Gowda.Prajwal, who contested as the NDA candidate in the polls from Hassan, reportedly left the country on April 27, a day after the polls.

stocks are under the Future & Options (F&O) trade ban on Thursday, viz. Aditya Birla Capital, Balrampur Chini Mills, Bandhan Bank, Biocon, Hindustan Copper, Vodafone Idea, IEX, Indian Cements, Metropolis Healthcare, National Aluminium, Piramal Enterprises, Punjab National Bank, and Zee Entertainment Enterprises. The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits (MWPL). The ban on it is reversed only if the open interest falls below 80%.

Devadas Shenoy, a 32-year-old professional working in Abu Dhabi, is keen on building a substantial corpus for his retirement. With a forward-thinking approach, Devadas seeks expert guidance on crafting a Systematic Investment Plan (SIP) that will secure his financial future. He invests close to Rs 12,000 every month and intends to increase the SIP by 10% every year.

IRB Infrastructure Developers with a target price of Rs 86. The current market price of IRB Infrastructure Developers Ltd. is Rs 73.37. IRB Infrastructure Developers Ltd., incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 44326.26 Crore) operating in Infrastructure sector.