Security Financial News

Gold is having its moment. Geopolitical hedging from global central banks could keep it shining. Now at its highest level ever, above $2,400 per troy ounce, general jitters about the world alone can’t explain gold’s strength.

The blockchain-based transaction will be carried out by a bookrunner consortium consisting of DZ Bank, Deutsche Bank, LBBW and Bankhaus Metzler, with Union Investments enlisted as an achor investor. Other investors will be brought onboard over the coming weeks with the transaction scheduled to be completed in summer 2024.

Frequently Asked Questions (FAQs) Your eligibility for a personal loan is determined by myriad factors, some of which are given more weight by lenders than others. These are the main ones: It is feasible to obtain a personal loan despite having a low credit score, but there are obstacles to overcome.

IRCON International in a year, brokerage house Axis Securities has chosen it as one of its top 'momentum picks'. The brokerage has set target of ₹313-325 for the stock, implying an upside of up to 17 percent. As per the brokerage, IRCON on a daily chart has broken above the "Rounded Bottom" pattern at ₹282, signaling a continuation of its medium-term uptrend.

Mint. The deal involves up to 22.47 million shares, with an estimated value of ₹1,040.6 crore (approximately $125 million). The shares will be offered at a price range of ₹463 apiece, representing a 3.97% discount to the closing price on 21 May.

Congress leader Rahul Gandhi on Wednesday said the Agniveer scheme will be scrapped and thrown into dustbin if the INDIA bloc comes to power as he slammed Prime Minister Narendra Modi for «turning Hindustan ke jawan into labourers». In his first election meeting in Haryana for the Lok Sabha polls, the former Congress president also attacked Modi over the issue of farmers. Slamming the BJP government over the Agniveer scheme, he said, «This is Modi's scheme and not Army's scheme, Army does not want it». «When the INDIA bloc forms government, we will throw Agniveer scheme into dustbin,» he said at the rally held under the Mahendragarh-Bhiwani Lok Sabha seat.

«We see the highway are being built, railway is being built, a lot of manufacturing capacity are being built that will necessarily percolate the order to MSME, where the credit demand will come and that is where the opportunity lies for us,» says Rajesh Sharma, MD & CEO, Capri Global. Let us first understand the big picture. The big picture for India is that the credit offtake is strong, rural demand is under stress, luxury demand is doing very well. The economy has become a K-shaped economy after the pandemic. Is it true? So, partially I believe, but I still believe that the way India infrastructure is growing, the segment of MSMEs and smaller business is also growing pro-rata because these are the service sector.

SuperKalam, an AI-led personal mentor for students preparing for competitive exams, has concluded a seed funding round raising Rs 16.3 crore or $2 million. The funding round was led by YCombinator and Fundersclub with participation from notable investors, including YC Partner Puneet Kumar, GoodWater Capital, Nurture Ventures, SuperCapital, Pareto Ventures, among others. The company says that the secured funding will be utilised to boost SuperKalam's AI-led educational platform, expand its reach, enhance user experience, and foster continuous innovation in personalised learning services. Unlike traditional edtech platforms that rely on one-size-fits-all content delivery, SuperKalam places students at the center of a customised learning experience. By utilising AI-driven analytics, the platform adapts to each student's unique needs, offering tailored learning paths, instant doubt resolution, and progress tracking.

IPO) of Awfis Space Solutions sailed through on the first day of the bidding process on Wednesday as retail investors and NIIs lapped up the offer with both hands. The category reserved for retail investors was booked the most at 3.86 times, followed by non-institutional investors at 1.06 times. There were no bids yet in the QIB category.

BCCI) has signed Wonder Cement as the official umpire partner for the Indian Premier League (IPL). Sources privy to the development said Wonder Cement will pay Rs 250 crore for the deal, which will begin with IPL 2024 play-off games and run until 2028. Wonder Cement, which replaces Paytm, is the sixth brand to join the IPL sponsor roster this year after Tata Sons, My11Circle, AngelOne, RuPay, and Ceat.

Quad, Aukus, the US-Philippines-Japan trilateral and the US-Japan-South Korea trilateral. The Philippines, Japan and Australia are not treaty allies; however, each of these countries shares a bilateral treaty alliance with the US. Thus, the idea behind the Squad centres on the desire of all four democracies to deepen their level of integration beyond the hub-and-spokes format at a time when China has been militarizing the South China Sea at the expense of the rules-based order of the Indo-Pacific.

Hindustan Zinc have nearly doubled investor wealth in a month's time after its shares rallied 8.75% on Wednesday to hit a fresh all-time peak of Rs 807 on BSE. The metal stock's market capitalisation has also crossed the Rs 3 lakh crore mark after 6 days of non-stop rally. Hindustan Zinc is also the best-performing metal stock in the calendar year 2024 with a staggering return of 146% year-to-date.

Shashi Tharoor predicted that his party's confidence has increased in the run-up to the last two phases of elections. Tharoor said the Congress and INDIA bloc candidates will do better than the 2019 Lok Sabha elections. “I would say with some confidence that I am looking at the overall picture in the country with a great deal of self-belief.

Naveen Kulkarni, Chief Investment Officer, Axis Securities PMS, believes that BJP not winning 400 seats will not be negative for the market at all. A stable and predictable political regime is most important right now. Therefore, irrespective of the outcome, it won't significantly affect the market, he explained.

Mamata Banerjee-led Trinamool Congress government in West Bengal, saying only the bomb-making industry is flourishing in the state. Addressing a public meeting in Kanthi Lok Sabha seat, the BJP leader said, “TMC has turned Bengal into a safe haven for infiltrators." “Mamata Banerjee is compromising national security for the sake of the vote bank. Once BJP gets 30 Lok Sabha seats in Bengal, TMC will disintegrate, and the exit of Mamata Banerjee's government is certain," Shah said at the Kanthi rally today.

Nifty and Sensex were trading marginally higher on Wednesday driven by contributions from Reliance, Infosys, ITC and Hindustan Unilever. Nifty has rallied nearly 5% in the current calendar year while Sensex has jumped approximately 4% in the same period.

Uniswap Labs filed a 40-page response on Tuesday to the SEC’s Wells Notice, arguing against a potential lawsuit and urging the agency to drop the matter.

The National Pension Scheme (NPS) is designed to provide a sustainable and long-term solution for retirement planning, says Rahul Bhagat, CEO, DSP Pension Fund Managers.

President Joe Biden and Donald Trump agree on essentially nothing, from taxes and climate change to immigration and regulation

Small business owners are more undecided about the election than the general public

Stocks that traded heavily or had substantial price changes on Tuesday: Keysight Technologies, Nordson fall; Eli Lilly, Lam Research rise